सोमवार, 21 दिसंबर 2015

Top Online Insurance Plans in India

Now online insurance plans are more popular in India because online policies are cheaper and easy to purchase in compare of offline plans. 

Why Online Insurance is Cheaper?:- When you buy your term plan/insurance plan on-line then insurance companies not pay any commission to his agents so they give a direct deduction to his online customer. 
Top On-line Insurance Plans in India:- Now we discuss about top  online term plans in india 
1.LIC Jeevan Akshay VI Plan:- This plan give you immediate pension you can purchase this plan online by paying a single lum sum premium. Hence this plan start immediate pension (annuity) to you so no loan and no surrender value is available under LIC Jeevan Akshay VI Plan. Minimum purchase price is INR 150000 and minimum age of entry is 30 year but I recommended to get a entry at age of 60-65 year and buy minimum INR 250000 plan because in this case you get more annuity due to incentives. Features:-
Online IncentiveRebate of 1% by way of increase in the basic annuity rate will be available.
Immediate AnnuityStarts as early as next month.
Single PremiumPay - Once - Enjoy - Forever
Purchase LimitsMinimum purchase price : Rs.1,50,000/-
No maximum limits for purchase price, annuity etc.
Incentive for High Purchase PriceIf your purchase price is Rs. 2,50,000/- or more, you will receive higher amount of annuity due to available incentives.
Age LimitsMinimum age at entry: 30 years
Maximum age at entry: 85 years
Age proof is necessary
MedicalNo medical examination is required.
Annuity OptionsSeven options of annuity to choose from.
Annuity ModeAnnuity may be paid either at monthly, quarterly, half yearly or yearly intervals. You may opt any mode of payment of Annuity.
You may choose any one from the below mentioned annuity options
(i).Annuity payable for life at a uniform rate.
(ii).Annuity payable for 5, 10, 15 or 20 years certain and thereafter as long as the annuitant is alive.
(iii).Annuity for life with return of purchase price on death of the annuitant.
(iv).Annuity payable for life increasing at a simple rate of 3% p.a.
(v).Annuity for life with a provision of 50% of the annuity payable to spouse during his/her lifetime on death of the annuitant.
(vi).Annuity for life with a provision of 100% of the annuity payable to spouse during his/her lifetime on death of the annuitant.
(vii).Annuity for life with a provision of 100% of the annuity payable to spouse during his/ her life time on death of annuitant. The purchase price will be returned on the death of last survivor.
I give you direct  link for more details of this plan :-

2.HDFC Life Click2Invest - this is a ULIP plan this ULIP is an online Unit Linked Plan that offers you market linked returns. 
HDFC Life Click2Invest - ULIP has Zero charge structure.
HDFC Life Click2Invest - ULIP provide 8 fund options to choose from as per your investment style

read more details of this plan here:-

बुधवार, 19 अगस्त 2015

Is Multiple Life Insurance Policies are Legal?

This is a conmen question that "Can I take two insurance policies and get claims under both of them? 

My simple answer for this question is Yes ( in case of Personal accident policy) 
actually insurance policies are 2 type 
1. Indemnity cover:- This type of policy cover only actual loss, Auto insurance is an example of indemnity insurance cover, suppose you get 4 indemnity cover on your motorcycle which insured cost is INR 35000 and you lost your motorcycle in an accident then what happen " can you get INR 35000 from each of insurance company? means total 35000*4= INR 1,40,000 ( and buy a used car)
Answer of above situation is no and it is illegal to buy multiple indemnity cover without inform insurance company. 
So where you seek actual loss and you have multiple policies which total sum assured is over your actual loss then loss shall be shared by all companies ( which policies you hold). 2. Personal accident policy:- These policies not depend on actual loss, where a fixed compensation paid and no matter what the actual loss are then you may buy more then one policy and claim all of them in case of any unforeseen event. your nominee will get all of sum assured. 
 For example:- You may buy these policies together 
 LIC Jeevan Saraal 
 Aegon Relicare term insurance 
 Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) etc.

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