Archive for February, 2010

Aviva Life Insurance-Aviva LifeShield

Aviva LifeShield is a protection solution from Aviva Life Insurance. It provides financial protection to your family at very affordable cost. This is a pure risk cover plan, no survival benefit is payable at the end of the policy term.

Benefits-

Death Benefit-
In the event of death of the life assured during the term of the policy, the sum assured is payable to the beneficiary.
Tax Benefit-
Premium paid is eligible for tax benefit under section 80C of the Income tax Act,1961.

Features-

-Special rates to the customer opting for sum assured above Rs.10Lakh and to the Aviva Pension Plus policyholder.
-Option to increase in the sum assured on the special events like marriage and child birth.

Eligibility-
The policy is available for the people age group 18 to 55 years and the maximum age at maturity is 65 years. The policy term ranges from 5 years to 40 years. The minimum sum assured is Rs.5,00,000/- and   minimum premium amount is Rs.2000/-. The premiums can be paid annually, half annually, quarterly and monthly.

Reliance Super Golden Years Basic Plan

Reliance Life Insurance offers flexible unit linked pension plan called Reliance Super Golden Years Basic Plan. It provides you the opportunity to invest systematically to secure your golden years in old age.

The plan offers following eight investment funds to choose from-
New Balanced Fund, New Growth Fund, New Equity Fund, New Energy Fund, New Infrastructure Fund, New Money Market Fund, New Mid-cap Fund and New Pure Equity Fund.

Flexibilities-

1. Flexibility to choose annuity option from Life Annuity, Life Annuity with return of purchase price on death and Life Annuity guaranteed for 5, 10 or 15 years and payable for life thereafter.
2. Flexibility to pay top-ups at any time in the policy. The minimum top up amount is Rs.2,500/-.
3. Flexibility to switch between the funds at any time during the policy term.
4. Flexibility to pay single premium or regular premium

Features-

1. Tax free commutation up to one third of fund value at vesting age.
2. Optional benefits are offered at the nominal extra cost.
3. Policy can be surrender after three policy years. The guaranteed surrender value is payable.
4. Grace period of 30 days and 15 days for monthly mode to pay the premium from the due date.
5. Premium paid are eligible for tax benefit under the Income Tax Act,1961.

Eligibility-

1. Age at Entry-18 to 59 years
2. Age at Vesting- 75 years
3. Policy Term- Minimum 16 years
4. Premium Payment Mode-Annual, Half Annual, Quarterly and Monthly

SBI Life Insurance

sbi life insurance is one of the leading insurer in India. It is a 74:26 joint venture between state bank of india and BNP Paribas Assurance. State bank of India is largest bank in India and BNP Paribas Assurance is one of the top ten global banks. sbi life is registered with an authorized capital of Rs.200 Crores and paid-up capital of Rs.100 Crores.

SBI Life has a unique multi-distribution model encompassing bancassurance, retail agencies, institutional alliances and corporate solution distribution channels. It also has more than 68,000 insurance advisors, offering door to door insurance solution to the customers.

sbi Life offers wide range of insurance products to the customers under the categories of protection, saving, unit linked, money back, pension, child, etc. These insurance products are specially designed accordance to the customers different needs. It also offers range of group products.