faydelal ke fande

 

http://kmfcommunications.com/Faydelal%20Ka%20Funda%20December%202012/1%20page%20with%20Click%20Here%20to%20view%20online.htm

HDFC CHILDREN’S GIFT FUND for more info please CALL 9810232830

HDFC CHILDREN'S GIFT FUND

(An open –ended balanced scheme)

 

Invest in your CHILD 'S tomorrow

Salient feature

Two options

a. Investment plan (equity oriented) — equity and equity linked instrument 40 %-75%, debt and money market instrument 60%-25%

B. Saving plan (debt oriented) - equity and equity linked instrument 0-20%, debt and money market instrument 80%-100%

Eligibility –children less than 18 yrs of age as on the date of investment by the investor/applicant

Min Application amount- Rs 5000 and any amount there after

Lock in period – (if opted) until the unit holder (being the beneficiary child) attains the age of 18 years or until completion of 3 yrs from the date of allotment, whichever is later

Load structure

Entry load – not applicable

Exit load – for unit's subject to lock in period –nil

For units not subject to lock in period-

3% if units are redeemed /switched out with in 1^st years from date of allotment

2% if the units are redeemed/switched-out between the 1^st and 2^nd years of date of allotment

1% if the units are redeemed/switched-out between the 2^nd and 3^rd years of date of allotment

No load thereafter, no entry /exit load shall be levied on bonus units.

Insurance cover = PA insurance cove for parent and legal guardian (up to age of 80 years) of the unit holder , equivalent to 10 times the cost value of outstanding units held by the unit holder all the application subject to max of rs 10 lakhs per unit holder

HDFC CHILDREN'S GIFT FUND –INVESTMENT PLAN

 

DATE	PERIOD	NAV/UNIT (`)	SCHEME RETURN (%)	BENCHMARK RETURNS (%)	ADD BENCHMARK RETURNS (%)	VALUE OF INVESTMENT OF ` 10000/
						Scheme `	Bench `		Add bench `
09.28.11	Last 1 yrs	42.839	13.36	15.31	15.31	11,336		11,365	11,531
09.28.10	Last 2 yrs	41.410	8.28	1.15	-2.74	11,778		10,232	9,459
09.25.09	Last 3 yrs	29.863	15.53	5.88	4.75	16,262		11,876	11,501
03.02.01	Since inc	10.000	17.24	NA	13.57	63,133		NA	43,658

 

 

HDFC CHILDREN'S GIFT FUND –SAVING PLAN

 

DATE	PERIOD	NAV/UNIT (`)	SCHEME RETURN (%)	BENCHMARK RETURNS (%)	ADD BENCHMARK RETURNS (%)	VALUE OF INVESTMENT OF ` 10000/
						Scheme `	Bench `		Add bench `
09.28.11	Last 1 yrs	23.65	9.82	10.51	7.37	10,982		11,051	10,737
09.28.10	Last 2 yrs	21.9350	8.80	6.17	5.61	11,841		11,275	11,155
09.25.09	Last 3 yrs	19.019	10.90	6.74	4.98	13,656		12,170	11,575
03.02.01	Since inc	10.000	11.08	NA	NA	33,765		NA	NA

Benefits of TERM INSURANCE -in english , to know more info pls call at 9810232830

Benefits of TERM INSURANCE in hindi -to know more info pls call at 9810232830

 

file:///C:/Users/rajesh%20khattar/Desktop/asset%20class%20performance.mht

debt fund return

Schemes	1 Day	3 Days	1 Week	2 Weeks	1 Month	3 Months	6 Months	1 Year
Reliance FRF - ST - Growth	14.13%	11.11%	11.28%	11.66%	10.90%	10.16%	10.23%	9.95%
Reliance Medium Term Fund - Growth	9.02%	8.36%	9.08%	10.32%	10.21%	9.95%	10.17%	9.95%
Reliance Money Manager Fund - Retail - Growth	8.24%	8.13%	8.21%	8.22%	8.24%	8.57%	9.17%	9.38%
Reliance Dynamic Bond Fund - Growth	45.18%	19.57%	12.82%	13.08%	17.08%	12.27%	12.01%	14.06%
Reliance RSF - Debt - Growth	16.06%	12.48%	14.38%	14.94%	12.65%	11.04%	10.27%	9.86%
Reliance Short Term Fund - Growth	17.49%	14.65%	14.61%	13.48%	13.72%	11.80%	10.77%	10.52%

How to choose term insurance

• Claim Settlement Ratio for Life Insurance Companies for 2010-11
  
  Introduction
  Naresh Malhotra is a 30 year old marketing executive. He is on the lookout for a pure term insurance plan for a cover of Rs. 50 lakhs for a period of 20 years. He is in a quandary over which company to select for purchasing a term insurance plan. Term insuranceplans are also popularly known as 'protection plans'. These plans provide risk cover for loss of income, financial liabilities (home loan and other loans), financial responsibilities (children's education, marriage etc.) against untimely death of the family bread earner.
  
  
  Naresh has done some research on different term insurance plans available in the market. He is in a dilemma on two fronts.
  1) Should I go for lower premium???Naresh is quite surprised by the amount of variance (difference) in the premium charged for term plans (with same features) by different companies.
  On one hand there is LIC's Amulya Jeevan Term Plan that charges Rs. 12,850 for a 30 year old person for a cover of Rs. 50 lakhs for a term of 20 years.
  On the other hand we have Aegon Religare's iTerm Plan that charges Rs. 4302 for the same 30 year old person for a same cover of Rs. 50 lakhs for a same term of 20 years.
  So for a term plan with same features, the premium charged by LIC is a whopping 3 times more than the premium charged by Aegon Religare!!!
  2) Should I look at high claim settlement ratio (CSR)??? At the same time Naresh had a look at the Claim Settlement Ratio of life insurance companies for the year 2010-11. LIC with 97.03% CSR is way ahead of Aegon Religare's 52.31% CSR and the entire life insurance industry.
  Claim settlement ratio (CSR) refers to the number of claims settled by the insurance company out of every 100 claim requests received by the company. LIC's claim settlement ratio for the year 2010-11 was 97.03%, which in simple terms means out of every 100 claims LIC received during the year 2010-11, it paid 97 claims. This does not mean the remaining 3% claims were rejected. Some claims might be still under consideration, some inquiry pending while some may have been rejected for various reasons.
  
  In a term plan, claim settlement ratio is an important indicator of customer service, which needs to be given little more precedence over other aspects, while selecting a term insurance plan. The reason being – it is important to ensure that your beneficiaries do not face much problems in receiving the claim in case of your unfortunate demise.
  
  Low premium Vs. High claim settlement ratio dilemma!!!
  While selecting a term plan, Naresh is in a fix whether he should give more importance to the lower premium charged for online term plans by private insurers or give more importance to the high claim settlement ratio maintained by LIC year after year. Naresh is unable to decide. Like Naresh there are lot of other people who are caught between low premium and high claim settlement ratio and are unable to decide whom should they give preference over the other. In this article we try to present a comparison of the claim settlement ratio of insurance companies (for the years 2009-2010 and 2010-2011) along with the premium charged by these companies for their term plans. We sincerely hope that to some extent this article helps people like Naresh and others decide which term plan they should go for.
  
  Please note: When choosing a term plan, while claim settlement ratio and premium charged are two very important aspects, they are not the only ones that matter. Some other equally important aspects that need consideration are the person's (need) requirement, features of the plan, customer service of the company etc.
  
  In the below table let us look at the comparison of claim settlement ratio for life insurance companies for the year 2009-10 and 2010-11 and the premiums charged by these companies for their term plans.
  
  Insurer Claim Settlement Claim Settlement Term Plan
  Premium charge
  Ratio 2010-11 Ratio 2009-10
  LIC 97.03 96.54 Amulya Jeevan 12,850**
  HDFC Life 95.41 91.14 Click2Protect 5,625
  Birla Sunlife 94.66 89.09 Protector Plus 7,721
  ICICI Prudential 94.61 90.17 iCare 6,783
  ING Vysya 90.49 89.30 ING Term Life 12,265
  Kotak Life 89.30 86.97 ePreferred 5,487
  Bajaj Allianz 88.69 88.19 New Risk Care II
  Bharti AXA 87.17 77.8 iProtect 4302
  Metlife 85.43 82.54 MetProtect 5,294
  Aviva 84.15 87.11 iLife 4,436
  SBI Life 82.24 83.27 Smart Shield 7956
  BOBIndiaFirst 82.01 53.85 AnyTime 6162
  TATA AIG 81.93 78.17
  Reliance Life 81.36 89.07
  

Star Union Daichi 80.69 58.33
MaxNew YorkLife 77.96 65.51
Canara HSBC 71.02 38.71
IDBI Federal 64.92 49.52
Shriram Life 55.69 39.54
Sahara 53.23 63.06
Aegon Religare 52.3148 iTerm Plan 4302
DLF Pramerica 51.2240
Future Generali 50.5238.85

Nievsh Mantra

Nievsh Mantra 

Nievsh Mantra

ICICI Prudential Life Insurance

ICICI Prudential Life Insurance 

ICICI Prudential Life Insurance

Buy ICICI Pru Guaranteed Savings Insurance Plan Online | Life Insurance Saving Plans.

 

Buy ICICI Pru Guaranteed Savings Insurance Plan Online | Life Insurance Saving Plans.

When you walk a mile, you have actually walked numerous little steps in the right direction… Similarly, regular savings is a journey and financial goals your destination
Benefits of SIP

 ⊃ Disciplined investments (Remember, an investor’s worst enemy is not the stock market, but his own emotions)
⊃ Reach your financial goals
⊃ Take advantage of Rupee Cost Averaging, i.e. get more units when prices are low and buy less when prices are high
⊃ Grow your investments with compounded benefits
⊃ Do all this effortlessly

Systematic Investment Plan - A Prudent Investment Strategy

What are SIPs?

⊃ Systematic Investment Plans (SIP) is an investment technique whereby the investor invests a fixed sum of money at regular intervals, say once a month or once a quarter

⊃ For instance, your SIP may involve Investing ` 5000 On the ^{th of every month o In a particular}

^{scheme of a mutual fund    For the next five years}

^{⊃ Helps avoid ‘Decision Paralysis’ associated with emotions of fear and greed and takes advantage of ups and downs in the market}

Rajiv Gandhi Equity Scheme (RGESS)

The finance ministry today allowed both ETFs and mutual funds to be a part of Rajiv Gandhi Equity Scheme (RGESS). First time retail investors can invest up to Rs 50,000 in the equity market through RGESS and avail 50 percent tax benefit on investment. Only investors whose salary is less than Rs 10 lakh are eligible for this scheme.

Mutual funds and ETFs that invest in shares under BSE 100 or CNX or those of PSUs which are Navratnas, Maharatnas and Miniratnas would be eligible for investment under RGESS. Such mutual funds and ETFs will have to be listed and traded in the stock exchanges and settled through a depository mechanism
According to the Ministry of Finance press release, first time investors are those who have opened the de-mat account but have not made any transaction in equity or derivatives till the notification of the scheme and all those account holders other than the first account holder who wish to open a fresh account.
To encourage small investors, the ministry has allowed a provision of investing in instalments in a year in which the tax claims are made. Investors will have to lock-in their investments for minimum three years, including an initial lock-in of one year in the stock/ETF/MF in which the money has been invested. The scheme will be operational in the next two weeks.
for more info pls call at 9810232830

(1) rajesh khattar – happy onam

(1) rajesh khattar – happy onam

Nievsh Mantra

 

Nievsh Mantra

IIFL NCD 2012

 

IIFL NCD 2012

Agency Samachar

 

Agency Samachar

investor education programme -uti

 

file:///C:/Users/rajesh%20khattar/Desktop/noname

Be Prepared"- If understood, please follow else forget

 

Please give few minutes to this practicle advise before earning for your love ones.

 

Letter written by a wife after her husband's death in an accident

 

"Few things I learnt after my husband's death:- We always believe we will live forever. Bad things always happen to others. Only when things hit us bang on your head you realise... Life is so unpredictable....

 

My husband was an IT guy, all techie. And I am a chartered accountant. Awesome combination you may think. Techie guy so everything is on his laptop, his to do list, his e-bill and his bank statements in his email. . He even maintained a folder which said IMPWDS ,wherein he stored all login id and passwords for all his online accounts. And even his laptop had a password. Techie guy so all the passwords were alpha-numeric with a special character not an easy one to crack. Office policy said passwords needed to be changed every 30 days. So every time I accessed his laptop I would realise it's a new password again. I would simply opt for asking him 'What's the latest password' instead of taking the strain to memorise it.

 

You may think me being a Chartered Accountant would mean everything is documented and filed properly. Alas many of my chartered accountant friends would agree that the precision we follow with our office documents and papers do not flow in to day to day home life. At office you have be epitome of Reliability / Competent / Diligent etc but. at home front there is always a tomorrow. One fine morning my hubby expired in a bike accident on his way home from office.. He was just 33. His laptop with all his data crashed, everything on his hard disk wiped off. No folder of IMPWDS to refer back to. His mobile with all the numbers on it was smashed. But that was just the beginning. I realised I had lot to learn. 9 years married to one of the best human beings, with no kids, just the two of us to fall back on..but now I stood all alone and lost. Being chartered accountant helped in more ways than one but it was not enough. I needed help.

 

His saving bank accounts, his salary bank accounts had no nominee. On his insurance his mom was the nominee and it was almost 2 years back she had expired. but this was just a start.. I didn't know the password to his email account where all his e-bill came. I didn't know which expenses he paid by standing instructions. His office front too was not easy. His department had changed recently. I didn't know his reporting boss name to start with. When had he last claimed his shift allowance, his mobile reimbursement. The house we bought with all the excitement on a loan, thought with our joint salary we could afford the EMI. When the home loans guys suggested insurance on the loan, we decided the instead of paying the premium the difference in the EMI on account of the insurance could be used pay towards prepayment of the loan and get the tenure down.

 

We never thought what we would do if we have to live on a single salary. So now there was huge EMI to look into . I realised I was in for a long haul. Road accident case, so everywhere I needed a Death certificate, FIR report, Post Mortem report. For everything there were forms running into pages, indemnity bonds, notary, surety to stand up for you. No objections certificates from your co-heirs.. I learnt other than your house, your land, your car, your bike are also your property... So what if you are the joint owner of the flat, you don't become the owner just because your hubby is no more. So what if your hubby expired in the bike accident, and you are the nominee but if the bike is in a repairable condition, you have to get the bike transferred in your name to claim the insurance.

 

And that was again not easy, the bike or car cannot be transferred in your name without going through a set of legal documents. Getting a Succession Certificate is another battle all together. Then came the time you realise now you have to start changing all the bills, assets in your name. Your gas connection, electricity meter, your own house, your car, your investments and all sundries. And then change all the nominations where your own investments are concerned.

 

And again a start of a new set of paperwork. To say I was shaken, my whole life had just turned upside down was an understatement. You realise you don't have time to morn and grieve for the person with whom you spend the best years of your life, because you are busy sorting all the paper work. I realised then how much I took life for granted. I thought being a chartered accountant I am undergoing so many difficulties, what would have happened to someone who was house maker who wouldn't understand this legal hotchpotch. A sweet friend then told me dear this was not an end, you have no kids, your assets will be for all who stand to claim, after my hubby's sudden death. I realised it was time I took life more seriously. I now needed to make a Will. I would have laughed if a few months back if he had asked me to make one. But now life had taken a twist.

 

 

Lessons learnt this hard way were meant to be shared. After all why should the people whom we love the most suffer after we are no more. Sorting some paperwork before we go will at least ease some of their grief.

 

1. Check all your nominations...

It's a usual practice to put a name (i.e in the first place if you have mentioned it) and royally forget about it. Most of us have named our parent as a nominee for investments, bank accounts opened before marriage. We have not changed the same even years after they are no longer there with us. Even your salary account usually has no nomination.. Kindly check all your Nominations.

- Bank Accounts

- Fixed Deposits, NSC

- Bank Lockers

- Demat Accounts

- Insurance (Life, Bike or Car or Property)

- Investments (mutual funds, tax investment)

- PF & Pension Forms

 

2. Passwords..

We have passwords for practically everything. Email accounts, Bank accounts, even for the laptop you use. What happens when your next in kin cannot access any of these simply because they do not know your password... Put it down on a paper.

 

3. Investments.

Every year for tax purpose we do investments. Do we maintain a excel sheet about it. If so is it on the same laptop of which the password you had not shared. Where are those physical investments hard copy.

 

4. Will.

Make a Will. I know you will smile even I would, had I not gone through all what I did. It would have made my life lot easier, a lot less paperwork. I wouldn't had to provide an indemnity bond, get it notarised, ask surety to stand up, no objections certificates from others...

 

5. Liabilities.

When you take a loan say for your house or car. Check out on all the what ifs. what if I am not there tomorrow. what if I loose my job. Will the EMI still be within my range. If not get an insurance on the loan. The people left behind will not have to worry on something as basic as their own house.

 

My battles have just begun...But let us at least try and make few changes so that our loved ones would not suffer after we go. We do not know what will happen in the future.

 

But as the Scout motto goes: "Be prepared "

Shriram Transport Finance Co. Ltd. (NCD)- for more info pls call 9810232830

HEALTH INSURANCE-need more info pls call 9810232830

ICICI PRU SMART KID -need more info pls call 9810232830

A policy that helps you accumulate money for your child’s education

ICICI Pru SmartKid regular premium a non linked insurance plan also helps you systematically save and accumulate money for your child’s future education. You get guaranteed payouts (Condition Apply*) at key stages of your child’s education

A policy that pays premiums on your behalf

ICICI Pru child plan comes with a unique Payer Waiver Benefit (PWB). This benefit ensures that in case of death of the parent, the company pays all future premiums on behalf of the parent. This means that the child gets money at important stages of his/her student life and education never suffers due to lack of funds

FMP

Dear All,
1.The latest product offering from our fund house is RelianceFixed Horizon Fund XXII Series 10, a close ended income scheme with a tenure369 of  days.
Scheme Features:
·        NFO Opening Date : 08th June,2012
·        NFO Closing Date   :11th June,2012
·        Duration of this fund: 369 daysfrom the date of allotment of units
In view of the above, please find attached theKIM for Reliance Fixed Horizon Fund XXII Series 10


We are pleased to announce the launch of ICICI Prudential Fixed Maturity Plan Series 64 - 274 Days Plan F. A close-ended debt fund, which seeks to generate income by investing in a portfolio of fixed income securities/ debt instruments which mature on or before the date of maturity of the Scheme.

2.ICICI Prudential Fixed Maturity Plan
            Series 64 - 274 Days Plan F

Date of Opening
June 8, 2012

Date of Closing
June 12, 2012

Asset allocation & Credit profile;
Certificate of Deposit: A1 - 95 -100%, Commercial Paper: A1 - 0-5%

Regards,

icici lombard launch new innovative COMPLETE HEALTH INSURANCE --FIND YOUR FIT ,for more details call 9810232830

IRDA comes up with landmark draft health insurance regulations - Moneylife Personal Finance site and magazine

IRDA comes up with landmark draft health insurance regulations - Moneylife Personal Finance site and magazine

Why invest in gold

Why Invest in Gold

Why Holding Gold in Your Portfolio Isn't Advisable... It's a Must

15 Fundamental Reasons to Own Gold

1. Global Currency Debasement
   
   The U.S. dollar is fundamentally and technically very weak and should fall dramatically over the next few years. However, other countries are very reluctant to see their currencies appreciate and are resisting the fall of the U.S. dollar. Thus, we are in the early stages of a massive global currency debasement which will see tangibles, and most particularly gold, rise significantly in price.
   
   2. Rising Investment Demand
   
   When the crowd recognizes what is unfolding, they will seek an alternative to paper currencies and financial assets and this will create an enormous investment demand for gold. Own both the physical metal and select mining shares.
   
   3. Alarming Financial Deterioration in the U.S.
   
   In the space of two years, the federal government budget surplus has been transformed into a yawning deficit, which will persist as far as the eye can see. At the same time, the current account deficit has reached levels, which has portended currency collapse in virtually every other instance in history.
   
   4. Negative Real Interest Rates in Reserve Currency (U.S. Dollar)
   
   To combat the deteriorating financial conditions in the U.S., interest rates have been dropped to rock bottom levels, real interest rates are now negative and, according to statements from the Fed spokesmen, are expected to remain so for some time. There has been a very strong historical relationship between negative real interest rates and stronger gold prices.
   
   5. Dramatic Increases in Money Supply in the US and Other Nations
   
   Authorities are terrified about the prospects for deflation given the unprecedented debt burden at all levels of society in the U.S. Fed Governor Ben Bernanke is on record as saying the Fed has a printing press and will use it to combat deflation if necessary. Other nations are following in the U.S.'s footsteps and global money supply is accelerating. This is very gold friendly.
   
   6. Existence of a Huge and Growing Gap between Mine Supply and Traditional Demand
   
   Mined gold is roughly 2,500 tons per year and traditional demand (jewelry, industrial users, etc.) has exceeded this by a considerable margin for a number of years. Some of this gap has been filled by recycled scrap but central bank gold has been the primary source of above-ground supply.
   
   7. Mine Supply is Anticipated to Decline in the next Three to Four Years.
   
   Even if traditional demand continues to erode due to ongoing worldwide economic weakness, the supply/demand imbalance is expected to persist due to a decline in mine supply. Mine supply will contract in the next several years, irrespective of gold prices, due to a dearth of exploration in the post Bre-X era, a shift away from high grading which was necessary for survival in the sub-economic gold price environment of the past five years and the natural exhaustion of existing mines.
   
   8. Large Short Positions
   
   To fill the gap between mine supply and demand, Central Bank gold has been mobilized primarily through the leasing mechanism, which facilitated producer hedging and financial speculation. Strong evidence suggests that between 10,000 and 16,000 tons (30-50% of all Central Bank gold) is currently in the market. This is owed to the Central Banks by the bullion banks, which are the counter party in the transactions.
   
   9. Low Interest Rates Discourage Hedging
   
   Rates are low and falling. With low rates, there isn't sufficient contango to create higher prices in the out years. Thus there is little incentive to hedge and gold producers are not only not hedging, they are reducing their existing hedge positions, thus removing gold from the market.
   
   10. Rising Gold Prices and Low Interest Rates Discourage Financial Speculation on the Short Side.
   
   When gold prices were continuously falling and financial speculators could access Central Bank gold at a minimal leasing rate (0.5 - 1% per year), sell it and reinvest the proceeds in a high yielding bond or Treasury bill, the trade was viewed as a lay-up. Everyone did it and now there are numerous stale short positions. However, these trades now make no sense with a rising gold price and declining interest rates.
   
   11. The Central Banks are Nearing an Inflection Point when they will be Reluctant to Provide more Gold to the Market.
   
   The Central Banks have supplied too much already via the leasing mechanism. In addition, Far Eastern Central Banks who are accumulating enormous quantities of U.S. Dollars are rumored to be buyers of gold to diversify away from the U.S. Dollar.
   
   12. Gold is Increasing in Popularity
   
   Gold is seen in a much more positive light in countries beginning to come to the forefront on the world scene. Prominent developing countries such as China, India and Russia have been accumulating gold. In fact, China with its 1.3 billion people recently established a National Gold Exchange and relaxed control over the asset. Demand in China is expected to rise sharply and could reach 500 tons in the next few years.
   
   13. Gold as Money is Gaining Credence
   
   Islamic nations are investigating a currency backed by gold (the Gold Dinar), the new President of Argentina proposed, during his campaign, a gold backed peso as an antidote for the financial catastrophe which his country has experienced and Russia is talking about a fully convertible currency with gold backing.
   
   14. Rising Geopolitical Tensions
   
   The deteriorating conditions in the Middle East, the U.S. occupation of Iraq, the nuclear ambitions of North Korea and the growing conflict between the U.S. and China due to China's refusal to allow its currency to appreciate against the U.S. dollar headline the geopolitical issues, which could explode at anytime. A fearful public has a tendency to gravitate towards gold.
   
   15. Limited Size of the Total Gold Market Provides Tremendous Leverage
   
   All the physical gold in existence is worth somewhat more than $1 trillion U.S. Dollars while the value of all the publicly traded gold companies in the world is less than $100 billion US dollars. When the fundamentals ultimately encourage a strong flow of capital towards gold and gold equities, the trillions upon trillions worth of paper money could propel both to unfathomably high levels.
   
   Conclusion
   
   Gold is under-valued, under-owned and under-appreciated. It is most assuredly not well understood by most investors. At the beginning of the 1970's when gold was about to undertake its historic move from $35 to $800 per ounce in the succeeding ten years, the same observations would have been valid. The only difference this time is that the fundamentals for gold are actually better.
   

 

 

LIC-JEEVAN ANKUR

CPFA

CPFA

Invest for Long Term

http://www.slideshare.net/investorfirst/think-long-term

visit www.niveshmantra.in for any queries related to financial planning , taxation , mutual funds and life insurance

ICICI Pru Pinnacle Super is a unit linked insurance plan that offers you multiple choices on how to invest your savings.

Bajaj Allianz Family Floater Health Guard

Family Floater Health Guard

 

Do you know why Health Insurance is so important?

1. Increasingly people are being treated for rare non-communicative diseases like, CVDs due to rapid changes in lifestyle. Almost 70% of population under 40 years of age is susceptible to major illnesses that require hospitalization.
   
   
2. Medical inflation is increasing by 15-20 % year on year. Cost of a single hospitalization due to a heart condition can take away a couple of lacs from the patient's hard-earned savings. Eg.
   Expenses for coronary bypass surgery in 2008 were around 1.5 lac; today it costs around 3 lac.
   
3. Uninsured people tend to delay getting hospitalized, end-up with more complications and may shell out more money for the treatment. On the other hand, people who are insured get hospitalized immediately when required and save hard-earned money as well as get treated sooner.
   

 

Product Description

A floater policy considers a family as a single unit and insures it as a whole. So, each member doesn't get a separate policy. Each family member is covered for the sum insured chosen under a single policy. For example, in case the family chooses 2 lac SI then each member can take benefit upto 2 lac and the SI gets reduced for all by the amount of claim paid. The major benefit of the policy is affordability; compare the cost of an individual cover of 2lac as against a floater for the whole family for same SI.

 

Covers:

Hospitalization Medical Expenses (Min 24 hrs)

1. Pre (60 days) & Post (90 days) Hospitalization
   
2. 130 Day Care Procedures
   
3. Waiver for pre-existing diseases Reimbursement of pre policy check up
   
4. Income tax benefit U / S 80D
   

 

Age Eligibility

Age Eligibility –     90 days to 55 yrs        56 yrs to 65 yrs (Fresh cases)

SI slab    -         1. 5 lakh to 10 lakhs    1. 5 lakh to 5 lakhs

Business Process –     Age proof above age 45 yrs, clean proposal form and premium in cheque

USP's

1. Cashless facility with over 2700 network hospitals
   
2. No sub-limits on room charges or other treatment expenses
   
3. Cumulative bonus
   
4. In-house claim settlement through HAT. ( No TPA)
   

Exclusion

1. Pre-existing diseases/injuries.
   
2. Disease contracted during first 30 days of policy.
   
3. Diseases such as hernia, piles, cataract, sinusitis – waiting period of 2 years. (In case of cataract claim, sub-limit of 10% of SI or Rs. 35,000/-)
   
4. Non-allopathic medicine.
   
5. Congenital diseases (external)
   
6. AIDS/related diseases.
   
7. Pregnancy /Childbirth & related Treatment
   
8. Dental Treatments except due to Accidents.
   
9. Cosmetic, aesthetic or related treatment.
   
10. Intoxicating drugs, alcohol.
    
11. Joint replacement surgery (other than due to accidents) shall have a waiting period of 4 years