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Comprehensive Insurance plan to
remove the concern for the unknown. |
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Separating your insurance needs
from your investment needs. |
Insurance Plan Focus Areas:
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LIFE INSURANCE PLANNING
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Term Insurance Cover |
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Accident Insurance Cover |
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Partial Disability Cover |
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Total Disability Cover |
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Loss of Income (Accident) Cover |
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MEDICAL INSURANCE PLANNING
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Critical Illness Cover |
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Hospitalization Cover |
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HOUSE INSURANCE PLANNING
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Fire / Earthquake Cover |
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Theft / Burglary Cover |
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Insurance as
an Investment Tool
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With the advent of unit linked
plans , a unique opportunity exists wherein you can change your
asset allocation without inviting any capital gains tax, while
at the same time you benefit from the advantages of an equity
component in your plan. |
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Premiums paid on life insurance
policies are eligible for tax rebate u/s 88 of the Income Tax
Act depending on your tax slab. |
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Proceeds from Death / maturity
are tax-free u/s 10(10(D)) depending on the Premium to Sum Assured
ratio. |
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Health Insurance Policies qualify
for deduction u/s 80D of the IT Act upto an amount of Rs.10,000 |
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Pension Plans qualify for deduction
u/s 80CCC upto an amount of Rs.10,000. |
The Concept
of Riders
Riders are add-ons to the main policy at nominal costs
which greatly enhance the value of the underlying policy. They
are not available independently.
Examples of riders are :
Critical Illness Rider
: Would ensure you get the Sum Assured at the time of the illness
and not on your demise.
Waiver of Premium Rider: In the case of child / joint
life policies, this rider would ensure continuation of policy
even in the event of some unfortunate mishappening to the premium
payer so that the child/partner enjoys the benefits you had planned.
Say "
No " to Commissions Rebating
When you take
a rebate on commission , an unethical practice banned by the
Insurance Regulatory & Development Authority (IRDA) to discourage
malpractice in your interest is being promoted.
This is so because, the agent, having passed on a portion of
his commission to you, would be morally justified in pushing
insurance products for which he is entitled to higher commission
, irrespective of your requirement for the same. Has an agent
ever sold you only a term cover - which is the cheapest form
of Life Insurance ?
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