Posts Tagged ‘insurance’

HDFC Term Assurance Plan

There is a open competition in the market among leading insurance companies to sell insurance products at cheaper rates. HDFC Term Assurance Plan is one of affordable term insurance in the market which provides financial security to  your  dependents. It also gives an option of adding optional benefits for extra cover.

In the event of your unfortunate demise or critical illness during the term of the policy, your nominee will receive the sum assured along with any optional benefits due. It is a pure risk cover plan, where nothing is payable on survival to the end of the  term of the policy. 

HDFC Term Assurance Plan also gives an option of choice of premium paying options between regular premium or single premium.  This plan can be taken on a single life basis or a joint life basis(first claim).

Under this plan, the premium paid is eligible for tax benefit under section 80C and benefit received under this policy is exempt from tax under section 10(10D) of the Income Tax Act,1961. Premium paid for critical illness rider is eligible under section 80D.

To eligible for this plan, the entry level age age is18 years to 60 years, with optional benefit the maximum entry age is 55 years. The maximum age at maturity is 65 years.

LIC-Anmol Jeevan I

lic Anmol Jeevan is a best term assurance in the market. It provides higher life cover at very affordable premium rates. This policy is suitable for those who wish to provides a higher amount to their family. Under this policy, no survival benefit is payable.

The policy pays death benefit of the sum assured to the beneficiary, in case death of the life assured during the term of the policy. The policy doesn’t require any paid up value or surrender value under this policy.

Features-
Offers rebate of 1% on annual premium for yearly mode and none for half yearly mode.
Grace period of 15 days for for a payment of yearly and half yearly mode.

Eligibility Criteria:
The minimum and maximum entry age is 18 years and 55 years respectively. The maximum age at maturity is 65 years. The policy terms ranges from 5 years to 25 years. The minimum sum assured is Rs. 5,00,000/- and maximum is Rs.25,00,000/-. The premium can be paid by yearly, half yearly and single premium.

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.

Birla Sun Life-Insurance Policies

Birla Sun Life provides wide range of insurance solution for the individual and groups. The insurance plans are specially designed in a such way that suits to customers varied needs.

Products offered by birla sun life:
Protection Plans-
BSLI term Plan
BSLI Premium Back Term Plan
BSLI High Net Worth Term Plan

Saving Plans-
BSLI Dream Endowment Plan
BSLI Titanium Plus Plan
BSLI Saral Wealth Plan
BSLI Money Back Plus Plan
BSLI Guaranteed Bachat Plan

Children’s Plans-
BSLI Dream Child Plan
BSLI Saral Children’s Plan

Health Plans-
BSLI Health Plan
BSLI Saral Health Plan
BSLI Universal Health Plan

Retirement Plans-
BSLI Freedom 58 Plan
BSLI Dream Retirement Plan
BSLI Secure 58 Plan

Group Plans-
Credit Guard-Mortgage Plan
Single Premium Group term insurance Plan
Group Mortgage Reducing Term
Group Asset Assure Plan
Group Unit Linked Plan
Superannuation Plan