Archive for September, 2009

Bharti AXA Life-Secure Confident Plan

Bharti AXA Life Secure Confident Plan is a term insurance plan that provides complete financial security to your family, even you are not around them.

Features and Benefits-

1. Death Benefit-In case death of the life assured during the term of the policy, the sum assured is payable to the beneficiary.

2. Rider Plans- The following riders available for additional protection at very nominal rates.

-Critical Illness Benefit Rider

-Accidental Death and Disability Benefit Rider

3. Tax Benefit- The premium paid towards the policy is eligible for tax benefit under section 80C and benefit availed under this plan is exempt from tax under section 10(10D) of the Income Tax Act,1961.

Policy Detail-

IDBI Fortis-Advantage Homesurance Plan

IDBI Fortis Advantage Homesurance Plan is unique insurance plan that gives security for entire outstanding home loan at a reasonable cost. It also covers terminal illness.

Features and Benefits:

1. On death-In case of unfortunate death of the life assured during the term of the policy, the outstanding balance is payable to the nominee.

2. Terminal Illness- It pays an accelerated payment of death benefit upon diagnosis of terminal illness.

3. Optional Benefit- The following optional insurance benefits are available-

-Accidental Death and Disablement Benefit

-Accidental Death Benefit

-Hospital Cash Benefit

-Major Disease Benefit

-Waiver of Premium Benefit on Total and Permanent Disablement

4. Tax Benefit- Tax benefit under section 80C and 10(10D) of the Income Tax Act,1961.

Policy Detail:

Met Suvidha

Met Suvidha is flexible endowment insurance plan that combines with saving and security. It provides guaranteed return on your investment at the end of the policy term.

The plan is available in two options-participating and non participating plan. The bonuses are available only on participating policies.

Benefits:

Death Benefit-

Par plan- The sum assured plus accrued reversionary bonus plus terminal bonus (if any) is payable to the beneficiary.

Non Par- The sum assured is payable to the beneficiary.

Maturity Benefit-

Par Plan- The policy holder will receive the sum assured plus accrued reversionary bonus plus terminal bonus (if any)

Non Par Plan- The policy holder will receive the sum assured.

Additional Benefits-

Option to customize the policy through following riders-

- Accidental Death Benefit Rider

- Critical Illness Rider

- Waiver of Premium Rider

- Term Rider

Tax Benefits-

Tax benefit under section 80C and 10(10D) of the Income Tax Act,1961.

Eligibility Parameter:

Met Life-Met Sukh

Met Sukh is a guaranteed money back policy that provides definite sum assured at the end of 5, 10, 15 and 20 years. This is best plan to make provisions for children’s education, marriage or any other needs.

The following periodic benefits are payable at regular intervals-

- At the end of 5 years – 20% of the sum assured

- At the end of 10 years – 20% of the sum assured

- At the end of 15years – 20% of the sum assured

- Upon Survival to maturity (20 years) – 40 % of the sum assured

Key Benefit:

1. On death of the life assured, the sum assured plus guaranteed additions are payable to the beneficiary.

2. On maturity, the life assured will receive the survival benefits plus guaranteed additions.

Key Features:

1. Guaranteed addition of Rs.100/- per Rs.1000/- on total sum assured per annum.

2. Additional protection through following riders-

- Accidental Death Benefit Rider

- Waiver of Premium Rider

- Critical Illness Rider

- Term Rider

3. Tax benefit under section 80C and 10(10D) of the Income Tax Act,1961.

Eligibility Criteria: