United HeathGroup is the leading health care services provider in the US. This tie-up will give all our travellers access to United Healthcare’s network of hospitals & physicians However, for registering any claims – medical or non-medical, you need to call our third party administrator – SOS International toll Free at 1 866 625 8529. They are the assistance service provider who will settle your claims abroad on our behalf.
For more detail visit Avdhoot Investment
Sep 30, 2008
What is the added feature or service that I can avail through United HealthGroup which are different from that of SOS International?
Our tie-up will give all our travellers access to United Healthcare’s network of hospitals & physicians. This also means that when you avail services from a hospital under the United HealthGroup network, you do not have to pay any extra charges. The services that we provide through our third-party administrator SOS International is claims assistance be it medical or non-medical to be availed worldwide. Register your claims with our third-party administrator SOS International who will in turn direct you the nearest United HealthGroup hospital/physician in your locality wherein you can receive treatment.
For more detail visit Avdhoot Investment
For more detail visit Avdhoot Investment
Will I get refund if I cancel my policy?
The policy bought online will be cancelled and the amount refunded on a pro-rata basis provided no claims have been made subject to minimum 30 days left for the policy to expire
For more detail visit Avdhoot Investment
For more detail visit Avdhoot Investment
Do you have tie up with United HealthGroup?
Yes. We have allied with UnitedHealth Group (UHG), one of the largest health care companies in the US. This tie-up will give all our travelers access to United Healthcare’s network of hospitals & physicians
For more detail visit Avdhoot Investment
For more detail visit Avdhoot Investment
What is a TPA?
TPA stands for Third Party Administrator. The most essential service they provide is cashless medical services. They also provide the necessary information to deal with any problem regarding claims
For more detail visit Avdhoot Investment
For more detail visit Avdhoot Investment
How long does it take to receive the policy papers once I purchase the policy online?
The hard copy of the policy will reach you within 7 working days. However, you can buy online within 15 minutes and take print out of the policy instantly. This works as a legally valid document, even at the time of claims, as all you need to have is your passport details and policy number.
For more detail visit Avdhoot Investment
For more detail visit Avdhoot Investment
Why do I need Travel Insurance?
One usually travels abroad for two reasons- a pleasure trip or a business trip. You do not want anything to ruin your hard earned holiday or your crucial business meeting. But there is a possibility of some unexpected occurrence no matter how perfect the planning is. Unfortunate events such as baggage loss, passport loss, a medical emergency or an accident can affect you. Having Overseas Travel Insurance protects you from all such perils. It ensures that in the unknown foreign land you are not left stranded in any kind of an emergency.
For more detail visit Avdhoot Investment
For more detail visit Avdhoot Investment
I'm covered by NHS (National Health Service) for my study in UK. Do I still need Health insurance?
If you are not entitled to free NHS treatment, you should make sure you have adequate medical insurance to cover medical costs if you fall ill, and also to cover the additional possible costs resulting from illness. These can be substantial, and include
lost fees if you are unable to complete your course
costs of returning home if a relative is ill
costs of a relative visiting you in the UK if you fall ill
cost of returning to your home country for treatment
or in the worst possible situation, returning a body home for burial.Even if you are entitled to free NHS treatment whilst in the UK, you should consider taking out insurance which covers the above additional costs. Moreover, even if you are covered by the NHS for medical treatment, you may find that there are long waiting times for some services. An insurance policy which gives you access to private medical care could give you much quicker access to the treatment you need.
For more detail visit Avdhoot Investment
lost fees if you are unable to complete your course
costs of returning home if a relative is ill
costs of a relative visiting you in the UK if you fall ill
cost of returning to your home country for treatment
or in the worst possible situation, returning a body home for burial.Even if you are entitled to free NHS treatment whilst in the UK, you should consider taking out insurance which covers the above additional costs. Moreover, even if you are covered by the NHS for medical treatment, you may find that there are long waiting times for some services. An insurance policy which gives you access to private medical care could give you much quicker access to the treatment you need.
For more detail visit Avdhoot Investment
What does the Student Medical Insurance Plus Plan offer?
Student Medical Insurance Plus Plan is an add-on cover to fulfill the various criteria of universities abroad. It covers treatment for mental and nervous disorders, including alcoholism and drug dependency, in-patient medical expenses related to pregnancy, medical expenses for inter-collegiate sports injuries, cancer screening & mammography examinations and childcare benefits.
For more detail visit Avdhoot Investment
For more detail visit Avdhoot Investment
Why do I need student medical insurance?
Student medical insurance makes sure that your study and stay abroad is smooth. There are several reasons why a student medical insurance is necessary:
Medical insurance is mandatory for most foreign universities including popular destinations like Australia, US, Canada, New Zealand, etc.
Majority of universities abroad allow waiver from on-campus health insurance with comparable domestic insurance policies
Available at 1/3rd the university premiums abroad, ICICI Lombard Student Medical covers major medical, repatriation, evacuation, dental expenses, etc. and can be combined with the Plus Plan for additional coverages like medical expenses related to pregnancy, Mental disorders, Cancer screening, Mammography and Sports injuriesFor more detail visit Avdhoot Investment
Medical insurance is mandatory for most foreign universities including popular destinations like Australia, US, Canada, New Zealand, etc.
Majority of universities abroad allow waiver from on-campus health insurance with comparable domestic insurance policies
Available at 1/3rd the university premiums abroad, ICICI Lombard Student Medical covers major medical, repatriation, evacuation, dental expenses, etc. and can be combined with the Plus Plan for additional coverages like medical expenses related to pregnancy, Mental disorders, Cancer screening, Mammography and Sports injuriesFor more detail visit Avdhoot Investment
What if I want to extend my student insurance policy cover?
Student Medical Insurance is now available with a continous cover for 2 years, thereby covering your entire period of study without extension hassles. You may also opt for the regular 1 year policy and then extend if required to the second year. You can extend your policy three months in advance of expiry.
For more detail visit Avdhoot Investment
For more detail visit Avdhoot Investment
In the event of claim being already made, if I want to renew my policy for the second year, do I have to undergo medical check up again?
No, the medical check up has to be taken only once, during the start of taking a policy and only if you are 56 years of age or above.For more detail visit Avdhoot Investment
When do I have to take a medical check up? What is the period for the medical check up i.e., from the start date of the policy?
On purchase of the policy, we would inform you on the medical check up routine. Ideally, the check-ups are conducted within 5 days of paying the first premium.
For more detail visit Avdhoot Investment
For more detail visit Avdhoot Investment
Which medical tests does an adult above 56 years need to go through?
An adult aged 56 years and above has to undergo the following medical tests:
1. Complete Blood count
2. Fasting Blood Sugar
3. ESR
4. Serum Creatinine
5. SGPT
6. Urine Routine
7. ECG
8. Medical Examination with BP recordings – By a physicianAn additional charge of Rs. 600 would be collected for the Medical Test by our representative
For more detail visit Avdhoot Investment
1. Complete Blood count
2. Fasting Blood Sugar
3. ESR
4. Serum Creatinine
5. SGPT
6. Urine Routine
7. ECG
8. Medical Examination with BP recordings – By a physicianAn additional charge of Rs. 600 would be collected for the Medical Test by our representative
For more detail visit Avdhoot Investment
What if I want to renew my health insurance policy after one year?
We would be sending you a renewal notice informing you of the expiry of your health policy via courier or by sms.
For more detail visit Avdhoot Investment
For more detail visit Avdhoot Investment
Why should I take Family Floater health plan if I already have health insurance from my employer?
Your employer will cover your medical expenses only as long as you are in his services. Tomorrow, you may change your job, retire, or even start something on your own. In all such cases you and your family will be stranded if a medical emergency arises and you have not arranged for an alternative health insurance policy. It is at this point of time that Family Floater Health Insurance policy will come to your rescue.
Family Floater Health Insurance policy can also act as a supplement to your existing medical cover in case the cost of medical treatment is higher than your existing cover level.
For more detail visit Avdhoot Investment
Family Floater Health Insurance policy can also act as a supplement to your existing medical cover in case the cost of medical treatment is higher than your existing cover level.
For more detail visit Avdhoot Investment
Are all policyholders eligible for a Health Card?
Yes, all the policyholders are eligible for the Health Card as it is an important component of the policy.
For more detail visit Avdhoot Investment
For more detail visit Avdhoot Investment
How does a Health Card function in case of a 2-year policy?
In case of a 2-year policy, you will be issued a single card, which would be valid for the entire policy period. The health card need to be renewed or re-issued during the policy tenure.
For more detail visit Avdhoot Investment
For more detail visit Avdhoot Investment
What is a Health Card?
A health card is a card that comes along with the Policy.It is similar to an Identity card. This card would entitle you to avail cashless hospitalisation facility at any of our network hospitals.
For more detail visit Avdhoot Investment
For more detail visit Avdhoot Investment
What are the benefits of a health card?
A health card mentions the contact details and the contact numbers of the TPA. In case of a medical emergency, you can call on these numbers for queries, clarifications and for seeking any kind of assistance.Moreover, you need to display your health card at the time of admission into the hospital.
For more detail visit Avdhoot Investment
For more detail visit Avdhoot Investment
Why do I need health insurance?
Health insurance will protect you and your family against any financial contingency arising due to a medical emergency.
For more detail visit Avdhoot Investment
For more detail visit Avdhoot Investment
What is the Family Floater Plan?
For the first time in India, one single policy takes care of the hospitalisation expenses of your entire family. Family Floater Health Plan takes care of all the medical expenses during sudden illness, surgeries and accidents.e.g.: The Prakash Family is covered under a traditional health insurance plan - Mr. Prakash Rs. 2 lac, his wife Rs. 1 lac, their son and daughter Rs.50,000 each and they have paid premium for all these 4 policies. In an unforeseen situation, wherein surgery and post hospitalisation bill of their son amounts to Rs. 1.30 lac. The existing policy will cover only Rs. 50,000, while Mr. Prakash will have to bear the balance Rs. 80,000 from his pocket.With Family Health Floater Insurance plan, each member of Prakash family is covered up to Rs. 4 lac . Thus, Family Floater would have covered entire Rs. 1.30 lac medical expenses of Mr. Prakash's son.
For more detail visit Avdhoot Investment
For more detail visit Avdhoot Investment
Mediclaim- Health Insurance
Introduction
Seeing your family in the pink of health ranks highest in priority for you . Yet , despite your best efforts ,illnesses do occur .With the spiraling cost of health care , these unforeseen circumstances can take a toll on your savings.To ensure that you don't need to spend your hard earned money on treatment of any such illness; we have a Policy that offers you all the financial support that you need.
Key Advantage
For the first time in India, Critical Illnesses are also covered as part of your Health Insurance Policy.
For more Detail Visit Avdhoot Investment
Seeing your family in the pink of health ranks highest in priority for you . Yet , despite your best efforts ,illnesses do occur .With the spiraling cost of health care , these unforeseen circumstances can take a toll on your savings.To ensure that you don't need to spend your hard earned money on treatment of any such illness; we have a Policy that offers you all the financial support that you need.
Key Advantage
For the first time in India, Critical Illnesses are also covered as part of your Health Insurance Policy.
- A separate Double sum Insured is automatically available as soon as any of the listed critical illnesses is diagnosed.
- 24 hours cashless facility at more than 3000 network hospitals.
- Income Tax benefits under Section 80 D.
- Options in duration of coverage -1 year/2 year policies available.
- Family Floater benefit giving comprehensive protection to your family members under one single Policy .
- Discount on renewal premium for claim free policy.
- Coverage of pre-existing conditions after 2 years/4 years as per plan opted.
What does this policy cover?
Depending on the plan opted by you, your Oriental / ICICI General Insurance Pilicy covers :
- Hospitalisation Expenses-Expenses incurred towards.
- Hospital (room, boarding and operation theatre)
- Doctors & nurses
- Medical tests
Medicines, blood, oxygen, appliances etc.
Day Care Treatment-Medical expenses towards specific technologycally advanced day care treatments/surgeries where 24 hours of hospitalisation is not required .
Domiciliary Hospitalisation - All expenses related to a medical treatment , which is being administered at home, subject to specific conditions applicable.
Pre and Post Hospitalisation - Medical expenses related to your treatment before and after hospitalisation for a specified number of days.
Pre-Existing Diseases-Coverage of pre-existing doseases after two/four continuous renewals with us.
Critical Illness - Your Sum Insured is automatically single separately for treatment of Cancer,Coronary artery bypass surgery, First heart attack, Kidney failure, Multiple sclerosis,Majar organ transplant,Stroke, Aorta graft surgery,Paralysis and Primary pulmonary arterial hypertension.
Donor Expenses- All hospitalisation expenses incurred by the Donor in case of major organ.
For more Detail Visit Avdhoot Investment
Travel Insurance Online for Overseas Travel in India
The Overseas Mediclaim policy protects the insured party against medical expenses that he/she might have to incur during his/her overseas trip. Any Indian resident traveling abroad can take this policy. Group/Individuals can apply for this Policy.
Benefits:
The policy is basically provides for medical expenses of the insured during his/her stay abroad.
The policy also covers personal accident, total loss of checked baggage, delay of checked baggage, loss of passport and personal liability, at no additional premium.
The policy can be taken for a period of 0 to 180 days, with an option to extend further.
Repatriation Benefits: If the insured is required to be sent back to the home country on account of sickness suffered, the expenses incurred therewith are also paid.
All the expenses are reimbursed in the local currency of the country visited. For more Detail on Overseas Travel Insurance in India Free Cheaper Premium Rates affordable by customer/ student/ visitor. Visit Avdhoot Investment or click here to get free quotes
Benefits:
The policy is basically provides for medical expenses of the insured during his/her stay abroad.
The policy also covers personal accident, total loss of checked baggage, delay of checked baggage, loss of passport and personal liability, at no additional premium.
The policy can be taken for a period of 0 to 180 days, with an option to extend further.
Repatriation Benefits: If the insured is required to be sent back to the home country on account of sickness suffered, the expenses incurred therewith are also paid.
All the expenses are reimbursed in the local currency of the country visited. For more Detail on Overseas Travel Insurance in India Free Cheaper Premium Rates affordable by customer/ student/ visitor. Visit Avdhoot Investment or click here to get free quotes
LIC: The Best Child Insurance Plan in India
Which are the Children Plans are Best in LIC?
LIC have lot's of Children Life Insurance Plans like:
- LIC Jeevan Kishore Child Insurance Policy
- LIC New Komal Jeevan Money Back Children Plan
- LIC Jeevan Chhay Endowment Insurance Plan for Child
- LIC's Child Career & Child Future Plan.
All the plans/ Policies are specially designed for indian childrens. Which is the best plan for your child u can't decide. U must have to make consulting for Premium Charts, Reviwes, Calculations, Options, Combinations, Term, Policy Period, Growth of your Invested Money etc. Lot's of things are working behind this.........
For more Detail Visit Avdhoot Investment
Travel Insurance: Buy Cheap Holiday Insurance for world wide Online India
Travel Insuranbce: The Overseas Mediclaim policy protects the insured party against medical expenses that he/she might have to incur during his/her overseas trip. Any Indian resident traveling abroad can take this policy. Group/Individuals can apply for this Policy.
We offers Cheaper rates in Travel Insurance than others online premium rates here. for more Detail on Travel Insurance Visit Avdhoot Investment or send your querry here
We offers Cheaper rates in Travel Insurance than others online premium rates here. for more Detail on Travel Insurance Visit Avdhoot Investment or send your querry here
Sep 25, 2008
LIC Jeevan Shree-1 Life Insurance Plan
LIC's New Jeevan Shree-1 Life Insurance Plan
Benefits:
Product summary:This is an Endowment Assurance plan offering the choice of many convenient premium paying terms. It provides financial protection against death throughout the term of plan with the payment of maturity amount on survival to the end of the policy term.
Premiums:
Premiums are payable yearly, half-yearly, quarterly, monthly or through Salary deductions, as opted by you, throughout the premium paying term or till earlier death. Alternatively premium may be paid in one lump sum (Single premium).
Guaranteed Additions:
The policy provides for the Guaranteed Additions at the rate of Rs. 50/- per thousand Sum Assured for each completed year for first five years of the policy. The Guaranteed Additions are payable along with the Basic Sum Assured at the time of claim.
Bonuses:
The policy participates in the profits of the Corporation’s life insurance business from the 6th year onwards. It will get a share of the profits in the form of bonuses. Simple Reversionary Bonuses will be declared per thousand Basic Sum Assured annually at the end of each financial year. Once declared, they will form part of the guaranteed benefits of the plan.
Death Benefit:
The Sum Assured alongwith guaranteed additions and vested bonuses, if any, is payable in a lump sum on death of the life assured during the policy term.
Maturity Benefit:
The Sum Assured alongwith guaranteed additions and reversionary bonuses, if any is payable in a lump sum on survival to the end of the policy term.
Supplementary/Extra Benefits:
These are the optional benefits that can be added to your basic plan for extra protection/option. An additional premium is required to be paid for these benefits.
Surrender Value:
Buying a life insurance contract is a long-term commitment. However, surrender value is available on the plan on earlier termination of the contract.
Guaranteed Surrender Value:
The policy may be surrendered after it has been in force for 3 years or more. The guaranteed surrender value is 30% of the basic premiums paid excluding the first year’s premium. In case of a single premium policy the guaranteed surrender value is 90% of the single premium paid excluding any extra premium.
Corporation’s policy on surrenders:
In practice, the Corporation will pay a Special Surrender Value – which is either equal to or more than the Guaranteed Surrender Value. The benefit payable on surrender reflects the discounted value of the reduced claim amount that would be payable on death or at maturity. This value will depend on the duration for which premiums have been paid and the policy duration at the date of surrender. In some circumstances, in case of early termination of the policy, the surrender value payable may be less than the total premium paid.
The Corporation reviews the surrender value payable under its plans from time to time depending on the economic environment, experience and other factors.
For more Detail on LIC's New Jeevanshree Policy click here or write to us here
Benefits:
Product summary:This is an Endowment Assurance plan offering the choice of many convenient premium paying terms. It provides financial protection against death throughout the term of plan with the payment of maturity amount on survival to the end of the policy term.
Premiums:
Premiums are payable yearly, half-yearly, quarterly, monthly or through Salary deductions, as opted by you, throughout the premium paying term or till earlier death. Alternatively premium may be paid in one lump sum (Single premium).
Guaranteed Additions:
The policy provides for the Guaranteed Additions at the rate of Rs. 50/- per thousand Sum Assured for each completed year for first five years of the policy. The Guaranteed Additions are payable along with the Basic Sum Assured at the time of claim.
Bonuses:
The policy participates in the profits of the Corporation’s life insurance business from the 6th year onwards. It will get a share of the profits in the form of bonuses. Simple Reversionary Bonuses will be declared per thousand Basic Sum Assured annually at the end of each financial year. Once declared, they will form part of the guaranteed benefits of the plan.
Death Benefit:
The Sum Assured alongwith guaranteed additions and vested bonuses, if any, is payable in a lump sum on death of the life assured during the policy term.
Maturity Benefit:
The Sum Assured alongwith guaranteed additions and reversionary bonuses, if any is payable in a lump sum on survival to the end of the policy term.
Supplementary/Extra Benefits:
These are the optional benefits that can be added to your basic plan for extra protection/option. An additional premium is required to be paid for these benefits.
Surrender Value:
Buying a life insurance contract is a long-term commitment. However, surrender value is available on the plan on earlier termination of the contract.
Guaranteed Surrender Value:
The policy may be surrendered after it has been in force for 3 years or more. The guaranteed surrender value is 30% of the basic premiums paid excluding the first year’s premium. In case of a single premium policy the guaranteed surrender value is 90% of the single premium paid excluding any extra premium.
Corporation’s policy on surrenders:
In practice, the Corporation will pay a Special Surrender Value – which is either equal to or more than the Guaranteed Surrender Value. The benefit payable on surrender reflects the discounted value of the reduced claim amount that would be payable on death or at maturity. This value will depend on the duration for which premiums have been paid and the policy duration at the date of surrender. In some circumstances, in case of early termination of the policy, the surrender value payable may be less than the total premium paid.
The Corporation reviews the surrender value payable under its plans from time to time depending on the economic environment, experience and other factors.
For more Detail on LIC's New Jeevanshree Policy click here or write to us here
Sep 16, 2008
The best endowment lic plan in India
LIC's The Best Endowment Life Insurance Plan policy not only makes provisions for the family of the Life Assured in event of his early death but also assures a lump sum at a desired age. The lump sum can be reinvested to provide an annuity during the remainder of his life or in any other way considered suitable at that time. Premiums are usually payable for the selected term of years or until death if it occurs during the term period.Suitable For:Being an endowment assurance policy, this plan is apt for people of of all ages and social groups who wish to protect their families from a financial setback that may occur owing to their demise. The amount assured if not paid by reason of his death earlier will payable at the end of the endowment term where it can be invested in an annuity provision for the rest of the policyholder's life or in any other way he may think most suitable at that time. (LIC of India)
For more Detail Visit Avdhoot Investment
For more Detail Visit Avdhoot Investment
LIC Monthly Savings Plans
LIC's all the Plans are specially designed for all the people who will have different thoughts in their mind. As become your LIC Insurance Advisor it's my responsibily to suggest you which is the best saving plan for you. Do not search any more on LIC Monthly Savings Plans. There is nothing but i think you need Insurance Planning Assist.
- think about future savings
- think about after retirement plannings
- think about your child career
- think about safety
- think about security
- think about your money growth
- think about your future planning
- thnik about your pension planning
- think every thing but be positive when investment planning.
For more Detail Visit Avdhoot Investment
Sep 15, 2008
LIC Group Term Insurance Scheme Life Insurance Plan
A) Nature of the Scheme:
LIC Group (term) Insurance Scheme is meant to provide life insurance protection to groups of people. Administration of the scheme is on group basis and cost is low. Under Group (Term) Insurance Scheme, life insurance cover is allowed to all the members of a group subject to some simple insurability conditions without insisting upon any medical evidence. Scheme offers covers only on death and there is no maturity value at the end of the term.
B) Premium Chargeable:
Group (Term) Insurance Scheme is at present offered under One Year Renewable Group term assurance plan (OYRGTA). Every year on Annual Renewal date LIC charges the premium depending upon the changes in size and age distribution of the age group.
C) Different Schemes:
Group (term) Insurance Scheme has a number of varieties . The Scheme may provide for a uniform cover to all members of the group or graded covers for different categories of members, cover for all amounts of outstanding housing loans or vehicle advances, or some other benefits (e.g., life cover to supplement pension or PF benefits in case of death). The schemes may have add-ons like Double Accident Benefit,Critical Illness Benefit, Disability benefit etc.
D) General Featues of various Group Insurance Schemes:
PREMIUM:
The premium under such scheme may be wholly paid by the employer or the Nodal Agency. However, the scheme may be contributory i.e. the members may also contribute.
DOUBLE ACCIDENT BENEFIT:
Double Accident Benefit, i.e. payment of double the sum assured on death due to accident (without permanent disability benefit), may be allowed under Group Insurance Schemes for an extra premium.
ELIGIBILITY:
For Group Insurance Scheme in lieu of EDLIS the insurability condition is that should be a member of the Provident Fund Scheme of the employer. For other GI Schemes of employer-employee groups the insurability condition is that the member should not be absent on ground of sickness on the entry date. For all non-employer-employee Group Schemes the basic insurability condition is that the member should be in good health on the date of entry.
ADMINISTRATION OF THE SCHEME:
At the commencement and thereafter on each Annual Renewal Date, the Group Policyholder will have to send all the member's data (and particulars of the new entrants from time to time) to the P & GS unit of LIC. Detailed OYRGTA premium calculation will be made on each Annual Renewal Date.
When a claim arises, the particulars of the respective member are to be intimated together with the claim form and death certificate.
Special Features of each Group Insurance Schemes can be obtained from the P&GS units of the Corporation.
For more Detail on LIC Group Term Insurance Scheme Life Insurance Plan Visit Avdhoot Investment
LIC Group (term) Insurance Scheme is meant to provide life insurance protection to groups of people. Administration of the scheme is on group basis and cost is low. Under Group (Term) Insurance Scheme, life insurance cover is allowed to all the members of a group subject to some simple insurability conditions without insisting upon any medical evidence. Scheme offers covers only on death and there is no maturity value at the end of the term.
B) Premium Chargeable:
Group (Term) Insurance Scheme is at present offered under One Year Renewable Group term assurance plan (OYRGTA). Every year on Annual Renewal date LIC charges the premium depending upon the changes in size and age distribution of the age group.
C) Different Schemes:
Group (term) Insurance Scheme has a number of varieties . The Scheme may provide for a uniform cover to all members of the group or graded covers for different categories of members, cover for all amounts of outstanding housing loans or vehicle advances, or some other benefits (e.g., life cover to supplement pension or PF benefits in case of death). The schemes may have add-ons like Double Accident Benefit,Critical Illness Benefit, Disability benefit etc.
D) General Featues of various Group Insurance Schemes:
PREMIUM:
The premium under such scheme may be wholly paid by the employer or the Nodal Agency. However, the scheme may be contributory i.e. the members may also contribute.
DOUBLE ACCIDENT BENEFIT:
Double Accident Benefit, i.e. payment of double the sum assured on death due to accident (without permanent disability benefit), may be allowed under Group Insurance Schemes for an extra premium.
ELIGIBILITY:
For Group Insurance Scheme in lieu of EDLIS the insurability condition is that should be a member of the Provident Fund Scheme of the employer. For other GI Schemes of employer-employee groups the insurability condition is that the member should not be absent on ground of sickness on the entry date. For all non-employer-employee Group Schemes the basic insurability condition is that the member should be in good health on the date of entry.
ADMINISTRATION OF THE SCHEME:
At the commencement and thereafter on each Annual Renewal Date, the Group Policyholder will have to send all the member's data (and particulars of the new entrants from time to time) to the P & GS unit of LIC. Detailed OYRGTA premium calculation will be made on each Annual Renewal Date.
When a claim arises, the particulars of the respective member are to be intimated together with the claim form and death certificate.
Special Features of each Group Insurance Schemes can be obtained from the P&GS units of the Corporation.
For more Detail on LIC Group Term Insurance Scheme Life Insurance Plan Visit Avdhoot Investment
LIC Jeevan Amrut Life Insurance Plan Policy Detail
LIC Jeevan Amrut Life Insurance Plan Policy Detail
Product summary:
Some people, particularly the younger ones, want to have high cover at a low cost. Further, many of them do not want commitment to pay premiums for a longer duration. LIC's Jeevan Amrit is most suitable for such persons. Under this plan premium payment is limited to 3 or 4 or 5 years and the premium payable during the first year is higher than the premiums payable in subsequent years.
Options:
You may choose Sum Assured (S.A.), Premium Paying Term, Policy Term and Mode of premium payment.
Payment of Premiums :
You may pay premiums yearly or half-yearly during the premium paying term of 3 or 4 or 5 years.
For more on LIC Jeevan Amrut Life Insurance Plan Policy Detail Visit Avdhoot Investment
Product summary:
Some people, particularly the younger ones, want to have high cover at a low cost. Further, many of them do not want commitment to pay premiums for a longer duration. LIC's Jeevan Amrit is most suitable for such persons. Under this plan premium payment is limited to 3 or 4 or 5 years and the premium payable during the first year is higher than the premiums payable in subsequent years.
Options:
You may choose Sum Assured (S.A.), Premium Paying Term, Policy Term and Mode of premium payment.
Payment of Premiums :
You may pay premiums yearly or half-yearly during the premium paying term of 3 or 4 or 5 years.
For more on LIC Jeevan Amrut Life Insurance Plan Policy Detail Visit Avdhoot Investment
LIC Jeevan Pramukh Life Insurance Plan Policy Detail
LIC Jeevan Pramukh Life Insurance Plan Policy Detail
Introduction
Insurance Regulatory & Development Authority (IRDA) requires all life insurance companies operating in India to provide official illustrations to their customers. The illustrations are based on the investment rates of return set by the Life Insurance Council (constituted under Section 64C(a) of the Insurance Act 1938) and is not intended to reflect the actual investment returns achieved or may be achieved in future by Life Insurance Corporation of India (LICI).
For the year 2004-05 the two rates of investment return declared by the Life Insurance Council are 6% and 10% per annum.
Product summary
This is an Endowment Assurance plan offering the choice of three premium paying terms. It provides financial protection against death throughout the term of the plan with the payment of maturity amount on survival to the end of the policy term.
Premiums :
Premiums are payable yearly, half-yearly, quarterly or monthly, as opted by you, throughout the premium paying term or till earlier death.
Guaranteed Additions:
The policy provides for the Guaranteed Additions at the rate of Rs. 50/- per thousand Sum Assured for each completed year for first five years of the policy. The Guaranteed Additions are payable along with the Sum Assured at the time of claim.
Bonuses :
The policy participates in the profits of the Corporation’s life insurance business from the 6th year onwards. It will get a share of the profits in the form of bonuses. Simple Reversionary Bonuses will be declared per thousand Sum Assured annually at the end of each financial year. Once declared, they will form part of the guaranteed benefits of the policy.
Death Benefit :
The Sum Assured along with accrued guaranteed additions and vested simple reversionary bonuses and Terminal Bonus, if any, is payable in a lump sum on death of the life assured during the policy term.
Maturity Benefit:
The Sum Assured along with accrued guaranteed additions and vested simple reversionary bonuses and Terminal Bonus, if any, is payable in a lump sum on survival to the end of the policy term.
Surrender Value :
Buying a life insurance contract is a long-term commitment. However, surrender value is available on the plan on earlier termination of the contract.
Guaranteed Surrender Value :
The policy may be surrendered for cash after more than one year’s premium have been paid. The guaranteed surrender value will be 30% of the total amount of premiums paid excluding the first year’s premium and the extra premiums, if any.
Corporation’s policy on surrenders :
In practice, the Corporation will pay a Special Surrender Value – which is available after completion of at least 3 years from the date of commencement of your policy. The benefit payable on surrender reflects the discounted value of the reduced claim amount that would be payable on death or at maturity. This value will depend on the duration for which premiums have been paid and the policy duration at the date of surrender. In some circumstances especially in case of early termination of the policy, the surrender value payable may be less than the total premium paid.
The Corporation reviews the surrender value payable under its plans from time to time depending on the economic environment, experience and other factors.
Note :
The above is the product summary giving the key features of the plan. This is for illustrative purpose only. This does not represent a contract and for details please refer to your policy document.
Guaranteed Additions:
Guaranteed Additions @ Rs.50%o Sum Assured for each completed year, for the first five years.
Participation in profits :
The policy shall participate in profits of the Corporation from the 6th year onwards and shall be entitled to receive bonuses declared as per the experience of the Corporation.
Maturity Benefit:
Sum Assured together with accrued Guaranteed Additions and accrued simple reversionary bonuses and Final Additional Bonus, if any, will be paid to the Policyholder on surviving the term of the policy provided the policy is in full force for full sum assured.
Death Benefit:
On death of the Life Assured during the term of the policy an amount equal to the Sum Assured along with accrued Guaranteed Additions and accrued Simple Reversionary Bonuses and Final Additional Bonus, if any, will be paid provided the policy is in full force for full sum assured.
Grace Period:
A grace period of 30 days will be available for payment of yearly, half-yearly or quarterly premiums and 15 days for monthly premiums.
15 – days Cooling-off period
If you are not satisfied with the “Terms and Conditions” of the policy you may return the policy to us within 15 days.
Paid-up Value
The policy will acquire paid-up value after more than one year’s premiums have been paid subject to Terms and Conditions.
Guaranteed Surrender Value
This policy can be surrendered for cash after more than one year’s premiums have been paid.
The Guaranteed Surrender Value allowable under the policy will be equal to 30% of the total amount of premiums paid excluding the premiums for the first year and the extra premiums, if any.
The cash value of any existing vested Guaranteed Additions and vested simple reversionary bonuses, if any, will also be payable after completion of 3 years.
Revival
The policyholder can revive his lapsed policy by paying arrears of premium together with interest within a period of five years from the date of first unpaid premium subject to satisfactory evidence of health and continued insurability of the Life Assured. The rate of interest will be as determined by the Corporation from time to time. Currently, the rate of interest is 8% p.a.
Loan:
Subject to Terms and Conditions loan is permissible after the policy has acquired paid-up value. The rate of interest charged on such loan amount would be determined from time to time. The present rate is 9% p.a. payable half-yearly.
Payment of premium :
Premiums under this policy are payable over a period of 3, 4 or 5 years. The following modes of payment of premium are allowed - Yearly, Half-yearly, Quarterly or Monthly.
Policy Term: 5, 10, 15, 20 or 25 years
For more Detail on LIC Jeevan Pramukh Life Insurance Plan Policy Detail Visit Avdhoot Investment
Introduction
Insurance Regulatory & Development Authority (IRDA) requires all life insurance companies operating in India to provide official illustrations to their customers. The illustrations are based on the investment rates of return set by the Life Insurance Council (constituted under Section 64C(a) of the Insurance Act 1938) and is not intended to reflect the actual investment returns achieved or may be achieved in future by Life Insurance Corporation of India (LICI).
For the year 2004-05 the two rates of investment return declared by the Life Insurance Council are 6% and 10% per annum.
Product summary
This is an Endowment Assurance plan offering the choice of three premium paying terms. It provides financial protection against death throughout the term of the plan with the payment of maturity amount on survival to the end of the policy term.
Premiums :
Premiums are payable yearly, half-yearly, quarterly or monthly, as opted by you, throughout the premium paying term or till earlier death.
Guaranteed Additions:
The policy provides for the Guaranteed Additions at the rate of Rs. 50/- per thousand Sum Assured for each completed year for first five years of the policy. The Guaranteed Additions are payable along with the Sum Assured at the time of claim.
Bonuses :
The policy participates in the profits of the Corporation’s life insurance business from the 6th year onwards. It will get a share of the profits in the form of bonuses. Simple Reversionary Bonuses will be declared per thousand Sum Assured annually at the end of each financial year. Once declared, they will form part of the guaranteed benefits of the policy.
Death Benefit :
The Sum Assured along with accrued guaranteed additions and vested simple reversionary bonuses and Terminal Bonus, if any, is payable in a lump sum on death of the life assured during the policy term.
Maturity Benefit:
The Sum Assured along with accrued guaranteed additions and vested simple reversionary bonuses and Terminal Bonus, if any, is payable in a lump sum on survival to the end of the policy term.
Surrender Value :
Buying a life insurance contract is a long-term commitment. However, surrender value is available on the plan on earlier termination of the contract.
Guaranteed Surrender Value :
The policy may be surrendered for cash after more than one year’s premium have been paid. The guaranteed surrender value will be 30% of the total amount of premiums paid excluding the first year’s premium and the extra premiums, if any.
Corporation’s policy on surrenders :
In practice, the Corporation will pay a Special Surrender Value – which is available after completion of at least 3 years from the date of commencement of your policy. The benefit payable on surrender reflects the discounted value of the reduced claim amount that would be payable on death or at maturity. This value will depend on the duration for which premiums have been paid and the policy duration at the date of surrender. In some circumstances especially in case of early termination of the policy, the surrender value payable may be less than the total premium paid.
The Corporation reviews the surrender value payable under its plans from time to time depending on the economic environment, experience and other factors.
Note :
The above is the product summary giving the key features of the plan. This is for illustrative purpose only. This does not represent a contract and for details please refer to your policy document.
Guaranteed Additions:
Guaranteed Additions @ Rs.50%o Sum Assured for each completed year, for the first five years.
Participation in profits :
The policy shall participate in profits of the Corporation from the 6th year onwards and shall be entitled to receive bonuses declared as per the experience of the Corporation.
Maturity Benefit:
Sum Assured together with accrued Guaranteed Additions and accrued simple reversionary bonuses and Final Additional Bonus, if any, will be paid to the Policyholder on surviving the term of the policy provided the policy is in full force for full sum assured.
Death Benefit:
On death of the Life Assured during the term of the policy an amount equal to the Sum Assured along with accrued Guaranteed Additions and accrued Simple Reversionary Bonuses and Final Additional Bonus, if any, will be paid provided the policy is in full force for full sum assured.
Grace Period:
A grace period of 30 days will be available for payment of yearly, half-yearly or quarterly premiums and 15 days for monthly premiums.
15 – days Cooling-off period
If you are not satisfied with the “Terms and Conditions” of the policy you may return the policy to us within 15 days.
Paid-up Value
The policy will acquire paid-up value after more than one year’s premiums have been paid subject to Terms and Conditions.
Guaranteed Surrender Value
This policy can be surrendered for cash after more than one year’s premiums have been paid.
The Guaranteed Surrender Value allowable under the policy will be equal to 30% of the total amount of premiums paid excluding the premiums for the first year and the extra premiums, if any.
The cash value of any existing vested Guaranteed Additions and vested simple reversionary bonuses, if any, will also be payable after completion of 3 years.
Revival
The policyholder can revive his lapsed policy by paying arrears of premium together with interest within a period of five years from the date of first unpaid premium subject to satisfactory evidence of health and continued insurability of the Life Assured. The rate of interest will be as determined by the Corporation from time to time. Currently, the rate of interest is 8% p.a.
Loan:
Subject to Terms and Conditions loan is permissible after the policy has acquired paid-up value. The rate of interest charged on such loan amount would be determined from time to time. The present rate is 9% p.a. payable half-yearly.
Payment of premium :
Premiums under this policy are payable over a period of 3, 4 or 5 years. The following modes of payment of premium are allowed - Yearly, Half-yearly, Quarterly or Monthly.
Policy Term: 5, 10, 15, 20 or 25 years
For more Detail on LIC Jeevan Pramukh Life Insurance Plan Policy Detail Visit Avdhoot Investment
LIC Jeevan Tarang Life Insurance Policy Plan Features
LIC Jeevan Tarang Life Insurance Policy Plan Features
Introduction:
This is a with-profits whole of life plan which provides for annual survival benefit at a rate of 5½ % of the Sum Assured after the chosen Accumulation Period. The vested bonuses in a lump sum are payable on survival to the end of the Accumulation Period or on earlier death. Further, the Sum Assured, along with Loyalty Additions, if any, is payable on survival to age 100 years or on earlier death.
Accumulation Period :
The plan offers three Accumulation periods – 10, 15 and 20 years. A proposer may choose any of them.
Payment of Premium:
Premiums can be paid regularly at yearly, half-yearly, quarterly or monthly intervals or through salary deductions over the Accumulation Period. Alternatively, a Single Premium can be paid on commencement of a policy.
Sample Premium Rates:
The tables below provide tabular premiums for various age-term combinations for Rs. 1000/- Sum Assured.
For more Detail on LIC Jeevan Tarang Life Insurance Policy Plan Features Visit Avdhoot Investment
Introduction:
This is a with-profits whole of life plan which provides for annual survival benefit at a rate of 5½ % of the Sum Assured after the chosen Accumulation Period. The vested bonuses in a lump sum are payable on survival to the end of the Accumulation Period or on earlier death. Further, the Sum Assured, along with Loyalty Additions, if any, is payable on survival to age 100 years or on earlier death.
Accumulation Period :
The plan offers three Accumulation periods – 10, 15 and 20 years. A proposer may choose any of them.
Payment of Premium:
Premiums can be paid regularly at yearly, half-yearly, quarterly or monthly intervals or through salary deductions over the Accumulation Period. Alternatively, a Single Premium can be paid on commencement of a policy.
Sample Premium Rates:
The tables below provide tabular premiums for various age-term combinations for Rs. 1000/- Sum Assured.
For more Detail on LIC Jeevan Tarang Life Insurance Policy Plan Features Visit Avdhoot Investment
LIC Jeevan Anurag Life Insurance Plan Policy Detail
LIC’s Jeevan ANURAG is a with profits plan specifically designed to take care of the educational needs of children. The plan can be taken by a parent on his or her own life. Benefits under the plan are payable at prespecified durations irrespective of whether the Life Assured survives to the end of the policy term or dies during the term of the policy. In addition, this plan also provides for an immediate payment of Basic Sum Assured amount on death of the Life Assured during the term of the policy.
Assured Benefit
Payment of 20% of the Basic Sum Assured at the start of every year during last 3 policy years before maturity. At maturity, 40% of the Basic Sum Assured along with reversionary bonuses declared from time to time on full Sum Assured for the full term and the Terminal bonus, if any shall be payable. For example, if term of the policy is 20 years, 20% of the Sum assured will be payable at the end of the 17th,18th, 19th year and 40% of the Sum Assured along with the reversionary bonuses and the terminal bonus, if any, at the end of the 20th year.
Death Benefit
Payment of an amount equal to Sum Assured under the basic plan immediately on the death of the life assured.
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Assured Benefit
Payment of 20% of the Basic Sum Assured at the start of every year during last 3 policy years before maturity. At maturity, 40% of the Basic Sum Assured along with reversionary bonuses declared from time to time on full Sum Assured for the full term and the Terminal bonus, if any shall be payable. For example, if term of the policy is 20 years, 20% of the Sum assured will be payable at the end of the 17th,18th, 19th year and 40% of the Sum Assured along with the reversionary bonuses and the terminal bonus, if any, at the end of the 20th year.
Death Benefit
Payment of an amount equal to Sum Assured under the basic plan immediately on the death of the life assured.
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Sep 13, 2008
LIC's New Jeevan Rekha Life Insurance Plan Policy Features Detail
LIC Jeevan Rekha Life Insurance Plan Policy Features Detail
Plan Highlights
Features
LIC's Jeevan Rekha is a combination of the Whole Life Plan and the Money Back Plan. The plan offers high bonus, is highly liquid and is savings oriented. Also the premium under the plan is moderate.
This policy not only makes provisions for the family of the life assured in the event of his early death but also assures a lump sum at a desired age. The lump sum can be reinvested to provide an annuity during the remainder of his life or in any other way considered suitable at that time.
SDecial Features
A policy under this plan can be dated back within the same financial year. There will be no allowance for lean months. The rate of interest applicable will be as for Table 14.
Benefits
Accident Benefit:
Accident Benefit is available up to a maximum of Rs.10 lakh. This is inclusive of the maximum limit of Rs 10 lakh placed under other life insurance plans. Premiums for accident benefit are quoted separately for various ages at entry and premium paying terms
For more Detail on LIC Jeevan Rekha Life Insurance Plan Policy Review Charts Premium Calculation Quotes Features Detail Visit Avdhoot Investment
Plan Highlights
Features
LIC's Jeevan Rekha is a combination of the Whole Life Plan and the Money Back Plan. The plan offers high bonus, is highly liquid and is savings oriented. Also the premium under the plan is moderate.
This policy not only makes provisions for the family of the life assured in the event of his early death but also assures a lump sum at a desired age. The lump sum can be reinvested to provide an annuity during the remainder of his life or in any other way considered suitable at that time.
SDecial Features
A policy under this plan can be dated back within the same financial year. There will be no allowance for lean months. The rate of interest applicable will be as for Table 14.
Benefits
Accident Benefit:
Accident Benefit is available up to a maximum of Rs.10 lakh. This is inclusive of the maximum limit of Rs 10 lakh placed under other life insurance plans. Premiums for accident benefit are quoted separately for various ages at entry and premium paying terms
For more Detail on LIC Jeevan Rekha Life Insurance Plan Policy Review Charts Premium Calculation Quotes Features Detail Visit Avdhoot Investment
LIC's Bima Gold Life Insurance Plan Policy Features Detail
LIC's Bima Gold Life Insurance Plan Policy Features
Plan Highlights
LIC's new Bima Gold is a money back type plan where total premiums paid under the policy shall be paid back to the policyholder in installments at the specified durations in case of survival and Sum Assured shall be paid in case of death during the term of the policy irrespective of whether or not any survival benefits have been paid earlier.
BENEFITS:
Death Benefit: On death of the Life Assured during the term of the policy, an amount equal to Sum Assured under the Basic Plan shall be payable provided the life cover is in force.
Survival Benefit: In case the life assured is surviving to the end of the specified durations, the following benefits shall be payable provided the policy is in full force.
For policy term 12 years : 15% of the Sum Assured under Basic Plan at the end of each 4th & 8th policy year
For policy term 16 years : 15% of the Sum Assured under Basic Plan at the end of each 4th, 8th &l2th policy year
For policy term 20 years : 10% of the Sum Assured under Basic Plan at the end of each 4th, 8th, 12th & 16th policy year
Maturity Benefit: Total amount of premiums (excluding extra/optional rider premiums, if any) paid plus
Loyalty Additions, if any, less the amount of survival benefits paid earlier, shall be payable in case of Life
Assured surviving to the end of the term provided the policy is in full force.
For more Detail on LIC Bima Gold Life Insurance Plan Policy Featurs Charts Review Premium Calulation Presentaion Visit Avdhoot Investment
Plan Highlights
LIC's new Bima Gold is a money back type plan where total premiums paid under the policy shall be paid back to the policyholder in installments at the specified durations in case of survival and Sum Assured shall be paid in case of death during the term of the policy irrespective of whether or not any survival benefits have been paid earlier.
BENEFITS:
Death Benefit: On death of the Life Assured during the term of the policy, an amount equal to Sum Assured under the Basic Plan shall be payable provided the life cover is in force.
Survival Benefit: In case the life assured is surviving to the end of the specified durations, the following benefits shall be payable provided the policy is in full force.
For policy term 12 years : 15% of the Sum Assured under Basic Plan at the end of each 4th & 8th policy year
For policy term 16 years : 15% of the Sum Assured under Basic Plan at the end of each 4th, 8th &l2th policy year
For policy term 20 years : 10% of the Sum Assured under Basic Plan at the end of each 4th, 8th, 12th & 16th policy year
Maturity Benefit: Total amount of premiums (excluding extra/optional rider premiums, if any) paid plus
Loyalty Additions, if any, less the amount of survival benefits paid earlier, shall be payable in case of Life
Assured surviving to the end of the term provided the policy is in full force.
For more Detail on LIC Bima Gold Life Insurance Plan Policy Featurs Charts Review Premium Calulation Presentaion Visit Avdhoot Investment
LIC Jeevan Surabhi Life Insurance Plan Policy Features Detail
LIC Jeevan Surabhi Life Insurance Plan Policy Features
Plan Highlights
Features
This plan is an improved version of Money Back Plan with an added element of increasing term insurance cover. The difference between the other money back plans and this plan is as follows:
• In case of this plan the maturity term is more than premium paying term.
• The survival benefit payment is early and gives a higher rate.
• Risk cover increases every five years.
I
Special Features
This plan has longer policy term and limited premium paying term. The policy term is 25 years and the premium paying term is 18 years.
• Full sum assured is paid back as survival benefit by the end of premium paying term. However, the risk cover and additional risk cover continue and the policy participates in profits till the end of policy term.
• Accident Benefit is restricted to the premium paying period and to the overall limit of Rs.5 lakhs on a single life.
I
Benefits
Survival Benefits:
This scheme provides for periodic payments of partial survival benefits as follows, during the
term of the policy, so long as the policy holder is alive.
• At end of 4 years, 8 years, 12 years & 15 years 25% of Sum Assured
• At end of 25 years Maturity Amount
• On Maturity, the policyholder will receive the balance sum assured as given above plus the vested bonus(if any).
For more Detail on LIC Jeevan Surabhi Life Insurance Plan Policy Review Charts Premium Calulation Value Featurs Visit Avdhoot Investment
Plan Highlights
Features
This plan is an improved version of Money Back Plan with an added element of increasing term insurance cover. The difference between the other money back plans and this plan is as follows:
• In case of this plan the maturity term is more than premium paying term.
• The survival benefit payment is early and gives a higher rate.
• Risk cover increases every five years.
I
Special Features
This plan has longer policy term and limited premium paying term. The policy term is 25 years and the premium paying term is 18 years.
• Full sum assured is paid back as survival benefit by the end of premium paying term. However, the risk cover and additional risk cover continue and the policy participates in profits till the end of policy term.
• Accident Benefit is restricted to the premium paying period and to the overall limit of Rs.5 lakhs on a single life.
I
Benefits
Survival Benefits:
This scheme provides for periodic payments of partial survival benefits as follows, during the
term of the policy, so long as the policy holder is alive.
• At end of 4 years, 8 years, 12 years & 15 years 25% of Sum Assured
• At end of 25 years Maturity Amount
• On Maturity, the policyholder will receive the balance sum assured as given above plus the vested bonus(if any).
For more Detail on LIC Jeevan Surabhi Life Insurance Plan Policy Review Charts Premium Calulation Value Featurs Visit Avdhoot Investment
LIC's Money Back Life Insurance Policy Plan Features Detail
LIC Money Back Life Insurance Policy Plan Features Detail
Plan Highlights
Features
Unlike ordinary endowment insurance plans where the survival benefits are payable only at the end of the endowment period, this scheme provides for periodic payments of partial survival benefits as follows during the term of the policy, of course so long as the policy holder is alive.
Survival Benefits:
This scheme provides for periodic payments of partial survival benefits as follows, during the
term of the policy, so long as the policy holder is alive.
• At end of 5 years , 10 years & 15 years 20% of Sum Assured
• At end of 20 years 40% of Sum Assured and
• On Maturity, the policyholder will receive the balance sum assured as given above plus the vested bonus(if any).
Death Benefits:
Full sum assured plus bonus irrespective of survival benefits taken.
For more Detail on LIC Money Back Life Insurance Policy Reviews Plan Features Detail Visit Avdhoot Investment
Plan Highlights
Features
Unlike ordinary endowment insurance plans where the survival benefits are payable only at the end of the endowment period, this scheme provides for periodic payments of partial survival benefits as follows during the term of the policy, of course so long as the policy holder is alive.
Survival Benefits:
This scheme provides for periodic payments of partial survival benefits as follows, during the
term of the policy, so long as the policy holder is alive.
• At end of 5 years , 10 years & 15 years 20% of Sum Assured
• At end of 20 years 40% of Sum Assured and
• On Maturity, the policyholder will receive the balance sum assured as given above plus the vested bonus(if any).
Death Benefits:
Full sum assured plus bonus irrespective of survival benefits taken.
For more Detail on LIC Money Back Life Insurance Policy Reviews Plan Features Detail Visit Avdhoot Investment
Sep 12, 2008
LIC's New Janaraksha Life Insurance Policy Plan Features Detail
LIC's New Janaraksha Life Insurance Policy Plan Features Detail
Plan Highlights
Features
•LIC's Jana Raksha Provides full LIC life insurance cover for 3 years even when the premiums are not paid. (This benefit is available after at least 2 years premiums are paid).
• Non-medical General allowed up to Rs.25,000/- with declaration of age up to 40 without any extra premium.
• Non-medical Special is allowed up to a limit of Rs.50,000/-
• Accident benefit available without payment of any extra premium.
Snecial Features
The non-medical limit is exclusive to this policy. Double Accident benefit and Bonus is also granted. A special feature of the New Jana Raksha Policy is that it continues to provide full life insurance cover to the assured for three years, even when the premium payments are stopped due to certain reasons, provided that at least 2 years premiums have been received.
Benefits
Survival Benefits:
Payment of Sum Assured plus accrued bonus.
contact us for more detail plan presentation, charts, review, premium quotataions, various options etc.
For more Detail on LIC's New Janaraksha Life Insurance Policy Plan Features Detail
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Plan Highlights
Features
•LIC's Jana Raksha Provides full LIC life insurance cover for 3 years even when the premiums are not paid. (This benefit is available after at least 2 years premiums are paid).
• Non-medical General allowed up to Rs.25,000/- with declaration of age up to 40 without any extra premium.
• Non-medical Special is allowed up to a limit of Rs.50,000/-
• Accident benefit available without payment of any extra premium.
Snecial Features
The non-medical limit is exclusive to this policy. Double Accident benefit and Bonus is also granted. A special feature of the New Jana Raksha Policy is that it continues to provide full life insurance cover to the assured for three years, even when the premium payments are stopped due to certain reasons, provided that at least 2 years premiums have been received.
Benefits
Survival Benefits:
Payment of Sum Assured plus accrued bonus.
contact us for more detail plan presentation, charts, review, premium quotataions, various options etc.
For more Detail on LIC's New Janaraksha Life Insurance Policy Plan Features Detail
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LIC Endowment Life Insurance Plan Policy Features
LIC's Endowment Life Insurance policy not only makes provisions for the family of the Life Assured in event of his early death but also assures a lump sum at a desired age. The lump sum can be reinvested to provide an annuity during the remainder of his life or in any other way considered suitable at that time.
Premiums are usually payable for the selected term of years or until death if it occurs during the term period.
Suitable For:
Being an endowment assurance policy, this plan is apt for people of of all ages and social groups who wish to protect their families from a financial setback that may occur owing to their demise.
The amount assured if not paid by reason of his death earlier will payable at the end of the endowment term where it can be invested in an annuity provision for the rest of the policyholder's life or in any other way he may think most suitable at that time.
For more Detail on LIC's Endowment Life Insurance Plan Features Visit Endowment Insurance
Premiums are usually payable for the selected term of years or until death if it occurs during the term period.
Suitable For:
Being an endowment assurance policy, this plan is apt for people of of all ages and social groups who wish to protect their families from a financial setback that may occur owing to their demise.
The amount assured if not paid by reason of his death earlier will payable at the end of the endowment term where it can be invested in an annuity provision for the rest of the policyholder's life or in any other way he may think most suitable at that time.
For more Detail on LIC's Endowment Life Insurance Plan Features Visit Endowment Insurance
LIC's Fortune Plus ULIP Plan Product Life Insurance Policy Features
LIC's Fortune Plus ULIP Plan
LIC’s Fortune Plus, a Unit Linked Limited Endowment plan, which provides twin benefits of insurance and capital market return. Brief stint with premium liability and longer period to stay invested makes it a worthy of note. It has entire range of fund options to accommodate both risk averse and aggressive investors. This plan has been designed to ensure that your money earns you handsome returns. Thus with a host of innovative options placed in front of you, Fortune Plus is definitely the right kind of insurance solution you could aim at.
An investment plan where you pay premiums only for 5 years.
Premium amount reduces to 25% after first year.
Policy term or first yearTs annual premium determines your sum assured.
No limit for maximum premium
Premium can be paid in yearly, half yearly, quarterly and monthly (ECS) installments.
Minimum and Maximum age to purchase policy under this plan is 12 and 60 years respectively.
You can choose policy term between 5 to 20 years.
Funds available under this plan are: Bond, Secured, Balanced and Growth.
Policyholder can switch between any fund types during the policy term. 4 switches will be
allowed free.
For more Detail on Fortune Plus ULIPVisit Avdhoot Investment
LIC’s Fortune Plus, a Unit Linked Limited Endowment plan, which provides twin benefits of insurance and capital market return. Brief stint with premium liability and longer period to stay invested makes it a worthy of note. It has entire range of fund options to accommodate both risk averse and aggressive investors. This plan has been designed to ensure that your money earns you handsome returns. Thus with a host of innovative options placed in front of you, Fortune Plus is definitely the right kind of insurance solution you could aim at.
An investment plan where you pay premiums only for 5 years.
Premium amount reduces to 25% after first year.
Policy term or first yearTs annual premium determines your sum assured.
No limit for maximum premium
Premium can be paid in yearly, half yearly, quarterly and monthly (ECS) installments.
Minimum and Maximum age to purchase policy under this plan is 12 and 60 years respectively.
You can choose policy term between 5 to 20 years.
Funds available under this plan are: Bond, Secured, Balanced and Growth.
Policyholder can switch between any fund types during the policy term. 4 switches will be
allowed free.
For more Detail on Fortune Plus ULIPVisit Avdhoot Investment
LIC's Jeevan Kishore Policy Plan Features Detail
LIC's Jeevan Kishore Policy Plan Features Detail
Product summary:Jeevan Kishore is an Endowment Assurance Plan available for children of less than 12 years of age. The policy may be purchased by any of the parent/grand parent.
Commencement of risk cover:
The risk commences either after 2 years from the date of commencement of policy or from the policy anniversary immediately following the completion of 7 years of age of child, whichever is later.
Premiums:Premiums are payable yearly, half-yearly, quarterly or monthly throughout the term of the policy or till earlier death of child.
Bonuses:This is a with-profits plan and participates in the profits of the Corporation’s life insurance business. It gets a share of the profits in the form of bonuses. Simple Reversionary Bonuses are declared per thousand Sum Assured annually at the end of each financial year. Once declared, they form part of the guaranteed benefits of the plan. A Final (Additional) Bonus may also be payable provided policy has run for certain minimum period.
For more Detail on LIC's Jeevan Kishore Endowment Plan Visit here or Ask to our expert for detail Plan Presentation free quotes for your Child here
Product summary:Jeevan Kishore is an Endowment Assurance Plan available for children of less than 12 years of age. The policy may be purchased by any of the parent/grand parent.
Commencement of risk cover:
The risk commences either after 2 years from the date of commencement of policy or from the policy anniversary immediately following the completion of 7 years of age of child, whichever is later.
Premiums:Premiums are payable yearly, half-yearly, quarterly or monthly throughout the term of the policy or till earlier death of child.
Bonuses:This is a with-profits plan and participates in the profits of the Corporation’s life insurance business. It gets a share of the profits in the form of bonuses. Simple Reversionary Bonuses are declared per thousand Sum Assured annually at the end of each financial year. Once declared, they form part of the guaranteed benefits of the plan. A Final (Additional) Bonus may also be payable provided policy has run for certain minimum period.
For more Detail on LIC's Jeevan Kishore Endowment Plan Visit here or Ask to our expert for detail Plan Presentation free quotes for your Child here
LIC's Komal Jeevan Life Insurance Policy Features
LIC Komal Jeevan Life Insurance Policy Features
Product summary:
LIC's Komal Jeevan is a Children's Money Back Plan that provides financial protection against death during the term of plan with periodic payments on survival at specified durations. This plan can be purchased by any of the parent or grand parent for a child aged 0 to 10 years.
Commencement of risk cover:
The risk commences either after 2 years from the date of commencement of policy or from the policy anniversary immediately following the completion of 7 years of age of child, whichever is later.
Premiums:
Premiums are payable yearly, half-yearly, quarterly, monthly or through Salary deductions, as opted by you, up to the policy anniversary immediately after the life assured (child) attains 18 years of age or till the earlier death of the life assured. Alternatively, the premium may be paid in one lump sum (Single premium).
Guaranteed Additions:
The policy provides for theGuaranteed Additions at the rate of Rs.75 per thousand Sum Assured for each completed year. The Guaranteed Additions are payable at the end of the term of the policy or earlier death of the Life Assured.
Loyalty Additions:
This is a with-profit plan and participates in the profits of the Corporation’s life insurance business. It gets a share of the profits in the form of loyalty additions which are terminal bonuses payable along with death or maturity benefit. Loyalty addition may be payable depending on the experience of the Corporation.
For more Detail on Komal Jeevan Click here or ask our Experts on Feedback Form for Premium Quotes & Examples on Your Child Insurance needs.
Product summary:
LIC's Komal Jeevan is a Children's Money Back Plan that provides financial protection against death during the term of plan with periodic payments on survival at specified durations. This plan can be purchased by any of the parent or grand parent for a child aged 0 to 10 years.
Commencement of risk cover:
The risk commences either after 2 years from the date of commencement of policy or from the policy anniversary immediately following the completion of 7 years of age of child, whichever is later.
Premiums:
Premiums are payable yearly, half-yearly, quarterly, monthly or through Salary deductions, as opted by you, up to the policy anniversary immediately after the life assured (child) attains 18 years of age or till the earlier death of the life assured. Alternatively, the premium may be paid in one lump sum (Single premium).
Guaranteed Additions:
The policy provides for theGuaranteed Additions at the rate of Rs.75 per thousand Sum Assured for each completed year. The Guaranteed Additions are payable at the end of the term of the policy or earlier death of the Life Assured.
Loyalty Additions:
This is a with-profit plan and participates in the profits of the Corporation’s life insurance business. It gets a share of the profits in the form of loyalty additions which are terminal bonuses payable along with death or maturity benefit. Loyalty addition may be payable depending on the experience of the Corporation.
For more Detail on Komal Jeevan Click here or ask our Experts on Feedback Form for Premium Quotes & Examples on Your Child Insurance needs.
Sep 11, 2008
Private Car Package Policy Insurance Detail
Private Car Package Policy
Brief Description :
A Private Car is defined as any transport vehicle /car /omnibus whose unladen weight does not exceed 7,500 kgms and is used only for social,domestic and pleasure purpose and insured's own business. The policy does not cover use for Hire or Reward, Organised racing, Speed testing and carriage of goods (other than samples) in connection with any trade or business or use for any purpose in connection with MOTOR TRADE. On payment of extra premium the policy may be extended for Personal Accident cover as well.
Covered Risks :
Fire,Explosion, Lightning,Burglary and Theft,Riot and Strike, Typhoon,Hurricane,Storm, Tempest, Malicious act,Earthquake,Flood,Terrorist activity,Landslide/Rockslide. It also covers damages by accidental, external means while in transit by rail/road, inland water, lift or air in addition to the legal liability required by law
Major Exclusions :
Consequential loss,Depreciation,Wear & tear, Mechanical/ electrical breakdown, failures or breakages,Damage to tyres unless the motor car is damaged at the same time and any accidental loss or damage suffered while the person driving is under the influence of intoxicating liquor or drugs.
For more Detail Visit Avdhoot Investment
Brief Description :
A Private Car is defined as any transport vehicle /car /omnibus whose unladen weight does not exceed 7,500 kgms and is used only for social,domestic and pleasure purpose and insured's own business. The policy does not cover use for Hire or Reward, Organised racing, Speed testing and carriage of goods (other than samples) in connection with any trade or business or use for any purpose in connection with MOTOR TRADE. On payment of extra premium the policy may be extended for Personal Accident cover as well.
Covered Risks :
Fire,Explosion, Lightning,Burglary and Theft,Riot and Strike, Typhoon,Hurricane,Storm, Tempest, Malicious act,Earthquake,Flood,Terrorist activity,Landslide/Rockslide. It also covers damages by accidental, external means while in transit by rail/road, inland water, lift or air in addition to the legal liability required by law
Major Exclusions :
Consequential loss,Depreciation,Wear & tear, Mechanical/ electrical breakdown, failures or breakages,Damage to tyres unless the motor car is damaged at the same time and any accidental loss or damage suffered while the person driving is under the influence of intoxicating liquor or drugs.
For more Detail Visit Avdhoot Investment
Householders Insurance Policy
House Holders Insurance Policy
Brief Description :
The House holder's Insurance Policy is a comprehensive shelter that protects your house and the various contents in it against a variety of risks. It is a single policy that takes care of a number of contingencies. The policy is divided into 10 sections. Sec 1(B) and a minimum of any 2 other sections are compulsory. Section 1 : Fire and Allied Perils. Section 2: Burglary. Section 3:All risks. Section 4 : Plate Glass. Section 5 : Breakdown of domestic appliances. Section 6: T.V. Set. Section 7 : Pedal Cycles. Section 8 : Baggage Insurance. Section 9: Personal Accident. Section 10: Public Liability
Covered Risks :
Buildings of class 'A' construction, Plate Glass, Breakdown of domestic appliances, T.V. Set, Pedal Cycles,Baggage Insurance, Personal Accident,Public Liability
For more Detail Visit Avdhoot Investment
Brief Description :
The House holder's Insurance Policy is a comprehensive shelter that protects your house and the various contents in it against a variety of risks. It is a single policy that takes care of a number of contingencies. The policy is divided into 10 sections. Sec 1(B) and a minimum of any 2 other sections are compulsory. Section 1 : Fire and Allied Perils. Section 2: Burglary. Section 3:All risks. Section 4 : Plate Glass. Section 5 : Breakdown of domestic appliances. Section 6: T.V. Set. Section 7 : Pedal Cycles. Section 8 : Baggage Insurance. Section 9: Personal Accident. Section 10: Public Liability
Covered Risks :
Buildings of class 'A' construction, Plate Glass, Breakdown of domestic appliances, T.V. Set, Pedal Cycles,Baggage Insurance, Personal Accident,Public Liability
For more Detail Visit Avdhoot Investment
Sweet Home Insurance
SWEET HOME INSURANCE
On August 14 2003 Oriental Insurance launched a policy with a view to cater to the requirements of the middle-income group of the society on First Loss Basis. This policy has been named as “SWEET HOME INSURANCE ”.
This policy is a miniature form of the existing Householders’ Package Policy and has three distinct plans and each plans has five sections, with Section II and I on ‘first loss basis’. The insured has been offered the option of not covering section I , which covers building against Fire and Allied perils including Earthquake. The rest of the four sections are compulsory and they cover contents against Fire & Allied perils and burglary, electrical and electronic gadgets against electrical/mechanical breakdown and Personal Accident cover on floater basis amongst insured and his/her spouse.
The star attraction of the policy is that the insured is not to file the details of the contents with the company except for the items for which coverage is sought under electrical/mechanical breakdown section.
This policy is available to any person, including property owned by foreign nationals, provided the property proposed for insurance is situated within
The Indian territory. As regards the settlement of the claim , if any, the same shall be in Indian currency only.
HIGHLIGHTS OF THE POLICY
SECTION – I - BUILDING
This section covers building against Fire & Allied perils including earthquake. It is not necessary that the proposer need be the owner to seek insurance coverage for the said building. Persons under lease/tenancy agreement can also seek coverage of the building under this section. Insured has the option to choose amongst Rs.4, 6 & 8 lakhs under Plan A , B, & C respectively.
SECTION – II – CONTENTS (EXCLUDING JEWELLERY) AGAINST FIRE & ALLIED PERILS INCLUDING EARTHQUAKE ON FIRST LOSS BASIS.
This section covers contents , which are kept and installed in the premises, as mentioned in the schedule , against fire and allied perils. The insured need not furnish a detailed list of the items for which insurance cover is sought. The maximum value of the individual item shall not exceed 10% of the sum selected under plan A, B & C. The maximum liability of the company in this section is Rs.1,2, and 3 lakhs under Plan A, B & C respectively.
SECTION – III – CONTENTS(EXCLUDING JEWELLERY) AGSINST BURGLARY & HOUSEBREAKING
The sum insured and the limits of liability of the company this are same as section II. Under this section also the insured need not furnish the details of the items for which insurance is sought.
SECTION – IV ELECTRICAL/MECHANICAL BREAKDOWN OF GADGETS.
Unlike section II & III the insured furnishes the details the electrical/electronic gadgets for which coverage is sought under this section. The details of such gadgets are called for in the single page proposal form itself. The limits of liability of the company under this sections is Rs.30000, Rs.50000 and Rs.70000 respectively. The value of the gadgets proposed for insurance under t his sections is part of the sum insured under section II & II.
SECTION - V PERSONAL ACCIDENT COVER FOR INSURED AND SPOUSE
The policy offers coverage against accidental death, loss of limb(s) and permanent total disablement to the insured and his/her spouse on floater basis. Age limit under the section is 18-70 years . If either of them is above 70 years of age, the other would be insured under this section. In case both of them are more than 70 years of age , then this section would be deleted from the scope of the policy and the premium of this section would be reduced from the package.
For more detail visit Avdhoot Investment
On August 14 2003 Oriental Insurance launched a policy with a view to cater to the requirements of the middle-income group of the society on First Loss Basis. This policy has been named as “SWEET HOME INSURANCE ”.
This policy is a miniature form of the existing Householders’ Package Policy and has three distinct plans and each plans has five sections, with Section II and I on ‘first loss basis’. The insured has been offered the option of not covering section I , which covers building against Fire and Allied perils including Earthquake. The rest of the four sections are compulsory and they cover contents against Fire & Allied perils and burglary, electrical and electronic gadgets against electrical/mechanical breakdown and Personal Accident cover on floater basis amongst insured and his/her spouse.
The star attraction of the policy is that the insured is not to file the details of the contents with the company except for the items for which coverage is sought under electrical/mechanical breakdown section.
This policy is available to any person, including property owned by foreign nationals, provided the property proposed for insurance is situated within
The Indian territory. As regards the settlement of the claim , if any, the same shall be in Indian currency only.
HIGHLIGHTS OF THE POLICY
SECTION – I - BUILDING
This section covers building against Fire & Allied perils including earthquake. It is not necessary that the proposer need be the owner to seek insurance coverage for the said building. Persons under lease/tenancy agreement can also seek coverage of the building under this section. Insured has the option to choose amongst Rs.4, 6 & 8 lakhs under Plan A , B, & C respectively.
SECTION – II – CONTENTS (EXCLUDING JEWELLERY) AGAINST FIRE & ALLIED PERILS INCLUDING EARTHQUAKE ON FIRST LOSS BASIS.
This section covers contents , which are kept and installed in the premises, as mentioned in the schedule , against fire and allied perils. The insured need not furnish a detailed list of the items for which insurance cover is sought. The maximum value of the individual item shall not exceed 10% of the sum selected under plan A, B & C. The maximum liability of the company in this section is Rs.1,2, and 3 lakhs under Plan A, B & C respectively.
SECTION – III – CONTENTS(EXCLUDING JEWELLERY) AGSINST BURGLARY & HOUSEBREAKING
The sum insured and the limits of liability of the company this are same as section II. Under this section also the insured need not furnish the details of the items for which insurance is sought.
SECTION – IV ELECTRICAL/MECHANICAL BREAKDOWN OF GADGETS.
Unlike section II & III the insured furnishes the details the electrical/electronic gadgets for which coverage is sought under this section. The details of such gadgets are called for in the single page proposal form itself. The limits of liability of the company under this sections is Rs.30000, Rs.50000 and Rs.70000 respectively. The value of the gadgets proposed for insurance under t his sections is part of the sum insured under section II & II.
SECTION - V PERSONAL ACCIDENT COVER FOR INSURED AND SPOUSE
The policy offers coverage against accidental death, loss of limb(s) and permanent total disablement to the insured and his/her spouse on floater basis. Age limit under the section is 18-70 years . If either of them is above 70 years of age, the other would be insured under this section. In case both of them are more than 70 years of age , then this section would be deleted from the scope of the policy and the premium of this section would be reduced from the package.
For more detail visit Avdhoot Investment
Group Mediclaim Policy
Group Mediclaim Policy
Brief Description :
Mediclaim Insurance is a cover which takes care of medical expenses following Hospitalisation/Domiciliary Hospitalisation of the Insured in respect of the following situations: (A) In case of a sudden illness (B) In case of an accident (C) In case of any surgery which is required in respect of any disease which has arisen during the policy period. The major benefit for taking a Group Mediclaim policy is that the insured gets a Group discount, hence the premium per person is lower.
Covered Risks :
This cover is a hospitalisation cover and reimburse the medical expenses incurred in respect of covered disease /surgery while the insured was admitted in the hospital as an in patient.The cover also extends to pre- hospitalsation and post- hospitalisation for periods of 30 days and 60 days respectively
Major Exclusions :
Any pre-existing disease,any expense incurred during first 30 days of cover except injury due to accident,all expenses incurred in respect of any treatment relating to pregnancy and child birth. Treatment for Cataracts,Benign prostatic hypertrophy,Hysterectomy, Menorrhagia or Fibromyoma, Hernia,Fitula of anus,Piles, Sinusitis, Asthma,Bronchitis, All Psychiatric or Psychosomatic disorders are excluded from the scope of the cover
For more detail visit Avdhoot Investment
Brief Description :
Mediclaim Insurance is a cover which takes care of medical expenses following Hospitalisation/Domiciliary Hospitalisation of the Insured in respect of the following situations: (A) In case of a sudden illness (B) In case of an accident (C) In case of any surgery which is required in respect of any disease which has arisen during the policy period. The major benefit for taking a Group Mediclaim policy is that the insured gets a Group discount, hence the premium per person is lower.
Covered Risks :
This cover is a hospitalisation cover and reimburse the medical expenses incurred in respect of covered disease /surgery while the insured was admitted in the hospital as an in patient.The cover also extends to pre- hospitalsation and post- hospitalisation for periods of 30 days and 60 days respectively
Major Exclusions :
Any pre-existing disease,any expense incurred during first 30 days of cover except injury due to accident,all expenses incurred in respect of any treatment relating to pregnancy and child birth. Treatment for Cataracts,Benign prostatic hypertrophy,Hysterectomy, Menorrhagia or Fibromyoma, Hernia,Fitula of anus,Piles, Sinusitis, Asthma,Bronchitis, All Psychiatric or Psychosomatic disorders are excluded from the scope of the cover
For more detail visit Avdhoot Investment
Private Car Package Policy
Private Car Package Policy
Brief Description :
A Private Car is defined as any transport vehicle /car /omnibus whose unladen weight does not exceed 7,500 kgms and is used only for social,domestic and pleasure purpose and insured's own business. The policy does not cover use for Hire or Reward, Organised racing, Speed testing and carriage of goods (other than samples) in connection with any trade or business or use for any purpose in connection with MOTOR TRADE. On payment of extra premium the policy may be extended for Personal Accident cover as well.
Covered Risks :
Fire,Explosion, Lightning,Burglary and Theft,Riot and Strike, Typhoon,Hurricane,Storm, Tempest, Malicious act,Earthquake,Flood,Terrorist activity,Landslide/Rockslide. It also covers damages by accidental, external means while in transit by rail/road, inland water, lift or air in addition to the legal liability required by law
Major Exclusions :
Consequential loss,Depreciation,Wear & tear, Mechanical/ electrical breakdown, failures or breakages,Damage to tyres unless the motor car is damaged at the same time and any accidental loss or damage suffered while the person driving is under the influence of intoxicating liquor or drugs.
For more detail visit Avdhoot Investment
Brief Description :
A Private Car is defined as any transport vehicle /car /omnibus whose unladen weight does not exceed 7,500 kgms and is used only for social,domestic and pleasure purpose and insured's own business. The policy does not cover use for Hire or Reward, Organised racing, Speed testing and carriage of goods (other than samples) in connection with any trade or business or use for any purpose in connection with MOTOR TRADE. On payment of extra premium the policy may be extended for Personal Accident cover as well.
Covered Risks :
Fire,Explosion, Lightning,Burglary and Theft,Riot and Strike, Typhoon,Hurricane,Storm, Tempest, Malicious act,Earthquake,Flood,Terrorist activity,Landslide/Rockslide. It also covers damages by accidental, external means while in transit by rail/road, inland water, lift or air in addition to the legal liability required by law
Major Exclusions :
Consequential loss,Depreciation,Wear & tear, Mechanical/ electrical breakdown, failures or breakages,Damage to tyres unless the motor car is damaged at the same time and any accidental loss or damage suffered while the person driving is under the influence of intoxicating liquor or drugs.
For more detail visit Avdhoot Investment
Householders Insurance Policy
House Holders Insurance Policy
Brief Description :
The House holder's Insurance Policy is a comprehensive shelter that protects your house and the various contents in it against a variety of risks. It is a single policy that takes care of a number of contingencies. The policy is divided into 10 sections. Sec 1(B) and a minimum of any 2 other sections are compulsory. Section 1 : Fire and Allied Perils. Section 2: Burglary. Section 3:All risks. Section 4 : Plate Glass. Section 5 : Breakdown of domestic appliances. Section 6: T.V. Set. Section 7 : Pedal Cycles. Section 8 : Baggage Insurance. Section 9: Personal Accident. Section 10: Public Liability
Covered Risks :
Buildings of class 'A' construction, Plate Glass, Breakdown of domestic appliances, T.V. Set, Pedal Cycles,Baggage Insurance, Personal Accident,Public Liability
For more detail visit Avdhoot Investment
Brief Description :
The House holder's Insurance Policy is a comprehensive shelter that protects your house and the various contents in it against a variety of risks. It is a single policy that takes care of a number of contingencies. The policy is divided into 10 sections. Sec 1(B) and a minimum of any 2 other sections are compulsory. Section 1 : Fire and Allied Perils. Section 2: Burglary. Section 3:All risks. Section 4 : Plate Glass. Section 5 : Breakdown of domestic appliances. Section 6: T.V. Set. Section 7 : Pedal Cycles. Section 8 : Baggage Insurance. Section 9: Personal Accident. Section 10: Public Liability
Covered Risks :
Buildings of class 'A' construction, Plate Glass, Breakdown of domestic appliances, T.V. Set, Pedal Cycles,Baggage Insurance, Personal Accident,Public Liability
For more detail visit Avdhoot Investment
Sweet Home Insurance
SWEET HOME INSURANCE
On August 14 2003 Oriental Insurance launched a policy with a view to cater to the requirements of the middle-income group of the society on First Loss Basis. This policy has been named as “SWEET HOME INSURANCE ”.
This policy is a miniature form of the existing Householders’ Package Policy and has three distinct plans and each plans has five sections, with Section II and I on ‘first loss basis’. The insured has been offered the option of not covering section I , which covers building against Fire and Allied perils including Earthquake. The rest of the four sections are compulsory and they cover contents against Fire & Allied perils and burglary, electrical and electronic gadgets against electrical/mechanical breakdown and Personal Accident cover on floater basis amongst insured and his/her spouse.
The star attraction of the policy is that the insured is not to file the details of the contents with the company except for the items for which coverage is sought under electrical/mechanical breakdown section.
This policy is available to any person, including property owned by foreign nationals, provided the property proposed for insurance is situated within
The Indian territory. As regards the settlement of the claim , if any, the same shall be in Indian currency only.
HIGHLIGHTS OF THE POLICY
SECTION – I - BUILDING
This section covers building against Fire & Allied perils including earthquake. It is not necessary that the proposer need be the owner to seek insurance coverage for the said building. Persons under lease/tenancy agreement can also seek coverage of the building under this section. Insured has the option to choose amongst Rs.4, 6 & 8 lakhs under Plan A , B, & C respectively.
SECTION – II – CONTENTS (EXCLUDING JEWELLERY) AGAINST FIRE & ALLIED PERILS INCLUDING EARTHQUAKE ON FIRST LOSS BASIS.
This section covers contents , which are kept and installed in the premises, as mentioned in the schedule , against fire and allied perils. The insured need not furnish a detailed list of the items for which insurance cover is sought. The maximum value of the individual item shall not exceed 10% of the sum selected under plan A, B & C. The maximum liability of the company in this section is Rs.1,2, and 3 lakhs under Plan A, B & C respectively.
SECTION – III – CONTENTS(EXCLUDING JEWELLERY) AGSINST BURGLARY & HOUSEBREAKING
The sum insured and the limits of liability of the company this are same as section II. Under this section also the insured need not furnish the details of the items for which insurance is sought.
SECTION – IV ELECTRICAL/MECHANICAL BREAKDOWN OF GADGETS.
Unlike section II & III the insured furnishes the details the electrical/electronic gadgets for which coverage is sought under this section. The details of such gadgets are called for in the single page proposal form itself. The limits of liability of the company under this sections is Rs.30000, Rs.50000 and Rs.70000 respectively. The value of the gadgets proposed for insurance under t his sections is part of the sum insured under section II & II.
SECTION - V PERSONAL ACCIDENT COVER FOR INSURED AND SPOUSE
The policy offers coverage against accidental death, loss of limb(s) and permanent total disablement to the insured and his/her spouse on floater basis. Age limit under the section is 18-70 years . If either of them is above 70 years of age, the other would be insured under this section. In case both of them are more than 70 years of age , then this section would be deleted from the scope of the policy and the premium of this section would be reduced from the package.
For more detail visit Avdhoot Investment
On August 14 2003 Oriental Insurance launched a policy with a view to cater to the requirements of the middle-income group of the society on First Loss Basis. This policy has been named as “SWEET HOME INSURANCE ”.
This policy is a miniature form of the existing Householders’ Package Policy and has three distinct plans and each plans has five sections, with Section II and I on ‘first loss basis’. The insured has been offered the option of not covering section I , which covers building against Fire and Allied perils including Earthquake. The rest of the four sections are compulsory and they cover contents against Fire & Allied perils and burglary, electrical and electronic gadgets against electrical/mechanical breakdown and Personal Accident cover on floater basis amongst insured and his/her spouse.
The star attraction of the policy is that the insured is not to file the details of the contents with the company except for the items for which coverage is sought under electrical/mechanical breakdown section.
This policy is available to any person, including property owned by foreign nationals, provided the property proposed for insurance is situated within
The Indian territory. As regards the settlement of the claim , if any, the same shall be in Indian currency only.
HIGHLIGHTS OF THE POLICY
SECTION – I - BUILDING
This section covers building against Fire & Allied perils including earthquake. It is not necessary that the proposer need be the owner to seek insurance coverage for the said building. Persons under lease/tenancy agreement can also seek coverage of the building under this section. Insured has the option to choose amongst Rs.4, 6 & 8 lakhs under Plan A , B, & C respectively.
SECTION – II – CONTENTS (EXCLUDING JEWELLERY) AGAINST FIRE & ALLIED PERILS INCLUDING EARTHQUAKE ON FIRST LOSS BASIS.
This section covers contents , which are kept and installed in the premises, as mentioned in the schedule , against fire and allied perils. The insured need not furnish a detailed list of the items for which insurance cover is sought. The maximum value of the individual item shall not exceed 10% of the sum selected under plan A, B & C. The maximum liability of the company in this section is Rs.1,2, and 3 lakhs under Plan A, B & C respectively.
SECTION – III – CONTENTS(EXCLUDING JEWELLERY) AGSINST BURGLARY & HOUSEBREAKING
The sum insured and the limits of liability of the company this are same as section II. Under this section also the insured need not furnish the details of the items for which insurance is sought.
SECTION – IV ELECTRICAL/MECHANICAL BREAKDOWN OF GADGETS.
Unlike section II & III the insured furnishes the details the electrical/electronic gadgets for which coverage is sought under this section. The details of such gadgets are called for in the single page proposal form itself. The limits of liability of the company under this sections is Rs.30000, Rs.50000 and Rs.70000 respectively. The value of the gadgets proposed for insurance under t his sections is part of the sum insured under section II & II.
SECTION - V PERSONAL ACCIDENT COVER FOR INSURED AND SPOUSE
The policy offers coverage against accidental death, loss of limb(s) and permanent total disablement to the insured and his/her spouse on floater basis. Age limit under the section is 18-70 years . If either of them is above 70 years of age, the other would be insured under this section. In case both of them are more than 70 years of age , then this section would be deleted from the scope of the policy and the premium of this section would be reduced from the package.
For more detail visit Avdhoot Investment
Home, Property, Real estate investments
Home & Property:
It is extremely important for everyone to plan a home for yourself even if you stay with your parents or relatives. And it is necessary to invest as early as possible. In case you pay rent then you may end up spending lot of money on rental, live at lower standard of life and may not be well satisfied in long term.
- Sometimes you may not be sure in which city or area you plan to stay. Many a times this may not be a choice available to you. If you think there can be delay in this then I recommend you to still invest in any suitable home property option in and around the place to stay or your relatives stay. Take Home Loan buy the property and then rent it out. This rent may compensate for the rent that you may pay for staying at other location.
- Also in future when you find a right property for yourself , you can sell this one and buy the new one. This will screen you from the increase in property prices as the property price of your existing home will also keep increasing with the market.
- if you are just planning and thinking when and where to buy home since last 1 year, then you are seriously loosing money every month without feeling it. You will feel the heat in future.
- If you find that property prices are very high, then I recommend to wait for some time for the prices to come down or goto some areas where property prices are low and buy home for investment. In year 2005-2007 the property prices have risen sharply and its expected to come down in 2008-2009 in many pockets (where lot of new residential projects come up) . so I suggest you to find right locations and buy a home.
- Loan - Loan rates are now coming down. I suggest you to buy smaller home if you are not getting enough loan. Do not think that it is always necessary to stay in the house that you buy. You can buy it for investment, screening yourself form property price hikes, and earning rental incomes.
- If you think that stock markets and mutual funds are risky, then Property market is probably with much less risk.
For more Detail Visit Avdhoot Investment
It is extremely important for everyone to plan a home for yourself even if you stay with your parents or relatives. And it is necessary to invest as early as possible. In case you pay rent then you may end up spending lot of money on rental, live at lower standard of life and may not be well satisfied in long term.
- Sometimes you may not be sure in which city or area you plan to stay. Many a times this may not be a choice available to you. If you think there can be delay in this then I recommend you to still invest in any suitable home property option in and around the place to stay or your relatives stay. Take Home Loan buy the property and then rent it out. This rent may compensate for the rent that you may pay for staying at other location.
- Also in future when you find a right property for yourself , you can sell this one and buy the new one. This will screen you from the increase in property prices as the property price of your existing home will also keep increasing with the market.
- if you are just planning and thinking when and where to buy home since last 1 year, then you are seriously loosing money every month without feeling it. You will feel the heat in future.
- If you find that property prices are very high, then I recommend to wait for some time for the prices to come down or goto some areas where property prices are low and buy home for investment. In year 2005-2007 the property prices have risen sharply and its expected to come down in 2008-2009 in many pockets (where lot of new residential projects come up) . so I suggest you to find right locations and buy a home.
- Loan - Loan rates are now coming down. I suggest you to buy smaller home if you are not getting enough loan. Do not think that it is always necessary to stay in the house that you buy. You can buy it for investment, screening yourself form property price hikes, and earning rental incomes.
- If you think that stock markets and mutual funds are risky, then Property market is probably with much less risk.
For more Detail Visit Avdhoot Investment
Best Tax saving Investment option in India
If you intend to Invest your money as well as Save tax, then here is your best option
Since last 3-4 years, Investment in ELSS has been proven itself to give the best returns as well as tax savings.
SBI Magnum Tax Gain Growth Fund, is considered best and biggest ELSS scheme. In last 3 years it has given returns of 170% which is more then any other investment options even other risky options. + Add your tax savings of 30% , the total benefit is 200% in 3 years. Even 100% benefit will be considered very high.
Tax savings: Many people do not focus on Tax savings and think that all the money they need to invest to get tax savings is loss of their savings, very long term investments (10-20 yrs) and the returs will be setoff significantly by the inflation.
But this is not true if you look at ELSS. ELSS has lock in period of 3 years only, the return on investment is extremely high and inflation is negligable amount.
Investment in LIC has 2 components Insurance component and Investment component. Your premium is partly used to provide insurance and partly invested on your behalf to give returns. Due to this your returns are not high. Also sometimes for focusing into returns you may end up selecting wrong insurance policy and its very confusing. I suggest to consider insurance saperate from the Investment.
Only take pure insurance policy form LIC or other Insurance provider like Term insurance + Whole life insurance (limited payment). Riders for disability may be considered.
I suggest all people to invest in ELSS schemes in India to save tax and get best returns on investments
For more Detail Visit Avdhoot Investment
Since last 3-4 years, Investment in ELSS has been proven itself to give the best returns as well as tax savings.
SBI Magnum Tax Gain Growth Fund, is considered best and biggest ELSS scheme. In last 3 years it has given returns of 170% which is more then any other investment options even other risky options. + Add your tax savings of 30% , the total benefit is 200% in 3 years. Even 100% benefit will be considered very high.
Tax savings: Many people do not focus on Tax savings and think that all the money they need to invest to get tax savings is loss of their savings, very long term investments (10-20 yrs) and the returs will be setoff significantly by the inflation.
But this is not true if you look at ELSS. ELSS has lock in period of 3 years only, the return on investment is extremely high and inflation is negligable amount.
Investment in LIC has 2 components Insurance component and Investment component. Your premium is partly used to provide insurance and partly invested on your behalf to give returns. Due to this your returns are not high. Also sometimes for focusing into returns you may end up selecting wrong insurance policy and its very confusing. I suggest to consider insurance saperate from the Investment.
Only take pure insurance policy form LIC or other Insurance provider like Term insurance + Whole life insurance (limited payment). Riders for disability may be considered.
I suggest all people to invest in ELSS schemes in India to save tax and get best returns on investments
For more Detail Visit Avdhoot Investment
Life Insurance planning in India
Life Insurance Planning
In case of Term assurance policy (one type of policy) you can get a large amount of Insurance for next 15-20 years for a very low cost. The insurance claim can be made only in case of death/disability withing the next 15-20 yrs. After that the policy will expire. Though you do not get back any money but also the amount payable is very low compared ot any other policy.
Second useful policy is Whole life Limited payment. This policy is valid for whole life but premium payment may end at the time of your retirement. In this case the Insured amount will be received by your family/nominee after your Death. You can also have add ons in this policy like Disability rider etc. that will allow you to benefit in case of disability.
Other then these 2 schemes, other Life Insurance policies are (Investment + Life Insurance) policies. i.e. part of your premium is used for giving you Insurance and rest of the part is invested in markets (like mutual funds) to give you returns after maturity. By making different combinations Insurance companies create several hundred different confusing schemes.
For employees who earn below 20k per month, i suggest to consider combination schemes.
For employees who earn above 20k per month, i suggest to invest separately in the Life Insurance & Investment schemes. Do not mix them, as in future when your income grow your investment requirements will grow faster but your insurance requirements may not grow. It is easier to close a investment and start new one, combine investment but combining or reviewing Insurance policies is not possible. Also as India is growing new and new investment options are coming to the market and you may like to change your investment planning every few year.For more Detail Visit Avdhoot Investment
In case of Term assurance policy (one type of policy) you can get a large amount of Insurance for next 15-20 years for a very low cost. The insurance claim can be made only in case of death/disability withing the next 15-20 yrs. After that the policy will expire. Though you do not get back any money but also the amount payable is very low compared ot any other policy.
Second useful policy is Whole life Limited payment. This policy is valid for whole life but premium payment may end at the time of your retirement. In this case the Insured amount will be received by your family/nominee after your Death. You can also have add ons in this policy like Disability rider etc. that will allow you to benefit in case of disability.
Other then these 2 schemes, other Life Insurance policies are (Investment + Life Insurance) policies. i.e. part of your premium is used for giving you Insurance and rest of the part is invested in markets (like mutual funds) to give you returns after maturity. By making different combinations Insurance companies create several hundred different confusing schemes.
For employees who earn below 20k per month, i suggest to consider combination schemes.
For employees who earn above 20k per month, i suggest to invest separately in the Life Insurance & Investment schemes. Do not mix them, as in future when your income grow your investment requirements will grow faster but your insurance requirements may not grow. It is easier to close a investment and start new one, combine investment but combining or reviewing Insurance policies is not possible. Also as India is growing new and new investment options are coming to the market and you may like to change your investment planning every few year.For more Detail Visit Avdhoot Investment
Sep 10, 2008
LIC's Market Plus 1 ULIP Insurance Plan Features Detail NAV
LIC's Market Plus 1 Unit Linked Insurance Plan Table No 191
LIC's Market Plus - I (Plan 191): , launched on 17th
June 2008, is a Unit Linked Deferred Pension plan where the policy holder can choose the plan with or without risk cover.
Benefits
On death of the policyholder within the deferment term where Life cover is opted for and is in force, the nominee is eligible to get the Sum Assured under the Basic Plan together with the Policyholder's Fund value
On death of the policyholder where the policy is taken without life cover, then the Policyholder's Fund value, is payable to the nominee.
On the policyholder surviving upto the date of vesting, the Policyholder's Fund value will compulsorily be utilised to provide an annuity based on the then prevailing immediate annuity rates under the relevant annuity option.
Top-Up (Additional Premium)
The policyholder can pay Top-up in multiples of Rs.1,000/- without any limit at anytime during the term of the policy.
Eligibility & Conditions:
For Basic Plan without Life Cover
a)Minimum Sum Assured : NIL.
b)Maximum Sum Assured : NIL.
c)Minimum Premium : Rs. 5,000 p.a. for Regular premium (other than monthly (ECS) mode)
Rs. 1,000 p.m. for monthly (ECS) mode, increasing thereafter in multiples of Rs. 250. thereafter in multiples of Rs. 250.
d)Maximum Premium : No Limit.
e)Minimum Entry Age : 18 years last birthday.
f)Maximum Entry Age : 74 years nearest birthday.
g)Minimum Deferment Team : 5 years.
h)Minimum Vesting Age : 40 years completed.
i)Maximum Vesting Age : 79 years completed.
Annualized premiums (other than monthly (ECS)) is payable in multiples of Rs. 1,000.
For more Detail on Market Plus1 ULIP Unit Linked Insurance Plns NAV based Charts Review Premium Calculation Todays Value Calculate Switch over Fund Options etc. Visit Review on Market Plus
LIC's Market Plus - I (Plan 191): , launched on 17th
June 2008, is a Unit Linked Deferred Pension plan where the policy holder can choose the plan with or without risk cover.
Benefits
On death of the policyholder within the deferment term where Life cover is opted for and is in force, the nominee is eligible to get the Sum Assured under the Basic Plan together with the Policyholder's Fund value
On death of the policyholder where the policy is taken without life cover, then the Policyholder's Fund value, is payable to the nominee.
On the policyholder surviving upto the date of vesting, the Policyholder's Fund value will compulsorily be utilised to provide an annuity based on the then prevailing immediate annuity rates under the relevant annuity option.
Top-Up (Additional Premium)
The policyholder can pay Top-up in multiples of Rs.1,000/- without any limit at anytime during the term of the policy.
Eligibility & Conditions:
For Basic Plan without Life Cover
a)Minimum Sum Assured : NIL.
b)Maximum Sum Assured : NIL.
c)Minimum Premium : Rs. 5,000 p.a. for Regular premium (other than monthly (ECS) mode)
Rs. 1,000 p.m. for monthly (ECS) mode, increasing thereafter in multiples of Rs. 250. thereafter in multiples of Rs. 250.
d)Maximum Premium : No Limit.
e)Minimum Entry Age : 18 years last birthday.
f)Maximum Entry Age : 74 years nearest birthday.
g)Minimum Deferment Team : 5 years.
h)Minimum Vesting Age : 40 years completed.
i)Maximum Vesting Age : 79 years completed.
Annualized premiums (other than monthly (ECS)) is payable in multiples of Rs. 1,000.
For more Detail on Market Plus1 ULIP Unit Linked Insurance Plns NAV based Charts Review Premium Calculation Todays Value Calculate Switch over Fund Options etc. Visit Review on Market Plus
Affordabale Child Health Insurance India
There are different types of affordable health insurance plans, including affordable individual health insurance, affordable family health insurance, affordable child health insurance, affordable employee health insurance and affordable business health insurance. Full information on affordable insurance schemes can be obtained from the Internet, and if you need further clarifications, you can consult an insurance broker. Customer service departments of health care providers also give information regarding available benefits and coverage.
Child health insurance focuses on children's general wellness. This health insurance helps parents cover expenses arising from unforeseen circumstances also. Very often, affordable child health insurance plans offer treatment by a group of specialists. They remind parents about the important preventive medicines that are to be administered to their children and also give programs and information to parents on how to manage their children?s health conditions. State-of-the-art technology provided by many affordable child health insurance schemes simplifies the tracking of health benefits. Parents, who want to buy a policy need to do the proper homework and study the benefits and affordability before filing in the application.
Health care is always critical for a child. Health insurance is essential for children who grow up in divorced, separated, or never-married families. It is easy to find affordable child health insurance plans that provide health care services, including preventive care, to ensure childhood immunizations, vision care, hearing and dental care. Lots of child health insurance plans are affordable, providing a wide range of health schemes for children. Hence, it is important to choose a plan that is most suitable. contact us for best lower cheaper premium rates comparision with others online reviews feedback etc.
For more Detail Visit Avdhoot Investment
Child health insurance focuses on children's general wellness. This health insurance helps parents cover expenses arising from unforeseen circumstances also. Very often, affordable child health insurance plans offer treatment by a group of specialists. They remind parents about the important preventive medicines that are to be administered to their children and also give programs and information to parents on how to manage their children?s health conditions. State-of-the-art technology provided by many affordable child health insurance schemes simplifies the tracking of health benefits. Parents, who want to buy a policy need to do the proper homework and study the benefits and affordability before filing in the application.
Health care is always critical for a child. Health insurance is essential for children who grow up in divorced, separated, or never-married families. It is easy to find affordable child health insurance plans that provide health care services, including preventive care, to ensure childhood immunizations, vision care, hearing and dental care. Lots of child health insurance plans are affordable, providing a wide range of health schemes for children. Hence, it is important to choose a plan that is most suitable. contact us for best lower cheaper premium rates comparision with others online reviews feedback etc.
For more Detail Visit Avdhoot Investment
Sep 9, 2008
LIC Agent Ahmedabad
Avdhoot Investment is Authorised Agent from Ahmedabad Gujarat India. Contact us for getting detail on LIC's New Life Insurance Products or Write your Review.
Life is full of uncertainties. can be sure of your today but not about the unpredictable tomorrow. And hence, you toil hard all through life only to ensure that your family's tomorrow is secure, comfortable and relaxed. You want the best for your near and dear ones now and always.
As your insurance agent trust me to guide you through the right insurance plans for your family that not only take into account Your protection requirements but also the need for wealth at regular intervals only to ensure that you recieve the best out of life itself.
Contact our LIC Agent Advisor Consultant Detail Product For more Detail Visit Avdhoot Investment
Life is full of uncertainties. can be sure of your today but not about the unpredictable tomorrow. And hence, you toil hard all through life only to ensure that your family's tomorrow is secure, comfortable and relaxed. You want the best for your near and dear ones now and always.
As your insurance agent trust me to guide you through the right insurance plans for your family that not only take into account Your protection requirements but also the need for wealth at regular intervals only to ensure that you recieve the best out of life itself.
Contact our LIC Agent Advisor Consultant Detail Product For more Detail Visit Avdhoot Investment
LIC Group Term Insurance Scheme Detail
A) Nature of the Scheme:
Group (term) Insurance Scheme is meant to provide life insurance protection to groups of people. Administration of the scheme is on group basis and cost is low. Under Group (Term) Insurance Scheme, life insurance cover is allowed to all the members of a group subject to some simple insurability conditions without insisting upon any medical evidence. Scheme offers covers only on death and there is no maturity value at the end of the term.
B) Premium Chargeable:
Group (Term) Insurance Scheme is at present offered under One Year Renewable Group term assurance plan (OYRGTA). Every year on Annual Renewal date LIC charges the premium depending upon the changes in size and age distribution of the age group.
C) Different Schemes:
Group (term) Insurance Scheme has a number of varieties . The Scheme may provide for a uniform cover to all members of the group or graded covers for different categories of members, cover for all amounts of outstanding housing loans or vehicle advances, or some other benefits (e.g., life cover to supplement pension or PF benefits in case of death). The schemes may have add-ons like Double Accident Benefit,Critical Illness Benefit, Disability benefit etc.
D) General Featues of various Group Insurance Schemes:
PREMIUM:
The premium under such scheme may be wholly paid by the employer or the Nodal Agency. However, the scheme may be contributory i.e. the members may also contribute.
DOUBLE ACCIDENT BENEFIT:
Double Accident Benefit, i.e. payment of double the sum assured on death due to accident (without permanent disability benefit), may be allowed under Group Insurance Schemes for an extra premium.
ELIGIBILITY:
For Group Insurance Scheme in lieu of EDLIS the insurability condition is that should be a member of the Provident Fund Scheme of the employer. For other GI Schemes of employer-employee groups the insurability condition is that the member should not be absent on ground of sickness on the entry date. For all non-employer-employee Group Schemes the basic insurability condition is that the member should be in good health on the date of entry.
ADMINISTRATION OF THE SCHEME:
At the commencement and thereafter on each Annual Renewal Date, the Group Policyholder will have to send all the member's data (and particulars of the new entrants from time to time) to the P & GS unit of LIC. Detailed OYRGTA premium calculation will be made on each Annual Renewal Date.
When a claim arises, the particulars of the respective member are to be intimated together with the claim form and death certificate.
Special Features of each Group Insurance Schemes can be obtained from the P&GS units of the Corporation.
For more Detail Visit Avdhoot Investment
Source: LIC of India, Life Insurance Corporation of India
Group (term) Insurance Scheme is meant to provide life insurance protection to groups of people. Administration of the scheme is on group basis and cost is low. Under Group (Term) Insurance Scheme, life insurance cover is allowed to all the members of a group subject to some simple insurability conditions without insisting upon any medical evidence. Scheme offers covers only on death and there is no maturity value at the end of the term.
B) Premium Chargeable:
Group (Term) Insurance Scheme is at present offered under One Year Renewable Group term assurance plan (OYRGTA). Every year on Annual Renewal date LIC charges the premium depending upon the changes in size and age distribution of the age group.
C) Different Schemes:
Group (term) Insurance Scheme has a number of varieties . The Scheme may provide for a uniform cover to all members of the group or graded covers for different categories of members, cover for all amounts of outstanding housing loans or vehicle advances, or some other benefits (e.g., life cover to supplement pension or PF benefits in case of death). The schemes may have add-ons like Double Accident Benefit,Critical Illness Benefit, Disability benefit etc.
D) General Featues of various Group Insurance Schemes:
PREMIUM:
The premium under such scheme may be wholly paid by the employer or the Nodal Agency. However, the scheme may be contributory i.e. the members may also contribute.
DOUBLE ACCIDENT BENEFIT:
Double Accident Benefit, i.e. payment of double the sum assured on death due to accident (without permanent disability benefit), may be allowed under Group Insurance Schemes for an extra premium.
ELIGIBILITY:
For Group Insurance Scheme in lieu of EDLIS the insurability condition is that should be a member of the Provident Fund Scheme of the employer. For other GI Schemes of employer-employee groups the insurability condition is that the member should not be absent on ground of sickness on the entry date. For all non-employer-employee Group Schemes the basic insurability condition is that the member should be in good health on the date of entry.
ADMINISTRATION OF THE SCHEME:
At the commencement and thereafter on each Annual Renewal Date, the Group Policyholder will have to send all the member's data (and particulars of the new entrants from time to time) to the P & GS unit of LIC. Detailed OYRGTA premium calculation will be made on each Annual Renewal Date.
When a claim arises, the particulars of the respective member are to be intimated together with the claim form and death certificate.
Special Features of each Group Insurance Schemes can be obtained from the P&GS units of the Corporation.
For more Detail Visit Avdhoot Investment
Source: LIC of India, Life Insurance Corporation of India
Sep 8, 2008
Reliance General Insurance
Reliance General Insurance is the General Insurance Compnay firmed by Reliance Capital. Avdhoot Investment giving cheapest General Insuranc Rates comparing with Relience...
For more Detail Visit our WebsiteAvdhoot Investment
For more Detail Visit our WebsiteAvdhoot Investment
Group Insurance
Group insurance is an insurance that covers a group of people, usually who are the members of societies, employees of a common employer, or professionals in a common group.
Group insurance may or may not be converted to individual coverage. As group insurance gets big business for an insurance company with minimum operational expenses (under one master policy issued to an employer, union or any recognised group), it is usually less expensive than individual policies.
For more Detail Visit Avdhoot Investment
Group insurance may or may not be converted to individual coverage. As group insurance gets big business for an insurance company with minimum operational expenses (under one master policy issued to an employer, union or any recognised group), it is usually less expensive than individual policies.
For more Detail Visit Avdhoot Investment
LIC Pension Plans - New Jeevan Dhara-I
LIC's New Jeevan Dhara 1 Pension Plan
Product summary:
These are Deferred Annuity plans that allow the policyholder to make provision for regular income after the selected term.
Premiums:
Premiums are payable yearly, half-yearly, quarterly, monthly or through Salary deduction, as opted by you, throughout the term of the policy or till earlier death. Alternatively, the premium may be paid in one lump sum (single premium).
Tax Benefits:
Tax relief under Section 80ccc is available on premiums paid under New Jeevan Suraksha I (Table No.147). The premiums paid under New Jeevan Dhara I (Table No.148) qualify for tax relief under Section 88.
Bonuses:
These are with-profit plans and participate in the profits of the Corporation’s annuity / pension business. Policies get a share of the profits in the form of bonuses. Simple Reversionary Bonuses are declared per thousand Sum Assured annually at the end of each financial year. Once declared, they form part of the guaranteed benefits of the plan. Final (Additional) Bonuses may also be payable provided policy has run for a certain minimum period.
For more Detail Visit Avdhoot Investment
Product summary:
These are Deferred Annuity plans that allow the policyholder to make provision for regular income after the selected term.
Premiums:
Premiums are payable yearly, half-yearly, quarterly, monthly or through Salary deduction, as opted by you, throughout the term of the policy or till earlier death. Alternatively, the premium may be paid in one lump sum (single premium).
Tax Benefits:
Tax relief under Section 80ccc is available on premiums paid under New Jeevan Suraksha I (Table No.147). The premiums paid under New Jeevan Dhara I (Table No.148) qualify for tax relief under Section 88.
Bonuses:
These are with-profit plans and participate in the profits of the Corporation’s annuity / pension business. Policies get a share of the profits in the form of bonuses. Simple Reversionary Bonuses are declared per thousand Sum Assured annually at the end of each financial year. Once declared, they form part of the guaranteed benefits of the plan. Final (Additional) Bonuses may also be payable provided policy has run for a certain minimum period.
For more Detail Visit Avdhoot Investment
Sep 7, 2008
LIC Bima Gold Plan Policy
Plan Highlights
LIC's Bima Gold is a money back type plan where total premiums paid under the policy shall be paid back to the policyholder in installments at the specified durations in case of survival and Sum Assured shall be paid in case of death during the term of the policy irrespective of whether or not any survival benefits have been paid earlier.
For more Detail Visit LIC Bima Gold Features
LIC's Bima Gold is a money back type plan where total premiums paid under the policy shall be paid back to the policyholder in installments at the specified durations in case of survival and Sum Assured shall be paid in case of death during the term of the policy irrespective of whether or not any survival benefits have been paid earlier.
For more Detail Visit LIC Bima Gold Features
Lic's Jeevan Saathi Joint Life Double Cover Insurance Policy Detail
LIC's Jeevan Saathi is a best LIC Life Insurance option for married couple. Both Lives are covered in a single Premium.
Death Benefits:
In case either of the couple dies during the policy’s term, two things happen. One, LIC pays to the surviving spouse the full Sum Assured. And, two, the policy continues on the life of the surviving partner without him/her having to pay any further premiums, i.e. the life cover on the survivor continues free of cost.
The Sum Assured is again payable on the death of the other partner in case both the husband and wife were to die during the term of the policy. Vested bonus would also be paid along with the Sum Assured on the second death. In such a case, the death benefit is double the Sum Assured, which is why the policy is called Jeevan Saathi ‘Double Cover’ Joint Life Plan.
For more Detail Visit LIC Jeevan Saathi
Death Benefits:
In case either of the couple dies during the policy’s term, two things happen. One, LIC pays to the surviving spouse the full Sum Assured. And, two, the policy continues on the life of the surviving partner without him/her having to pay any further premiums, i.e. the life cover on the survivor continues free of cost.
The Sum Assured is again payable on the death of the other partner in case both the husband and wife were to die during the term of the policy. Vested bonus would also be paid along with the Sum Assured on the second death. In such a case, the death benefit is double the Sum Assured, which is why the policy is called Jeevan Saathi ‘Double Cover’ Joint Life Plan.
For more Detail Visit LIC Jeevan Saathi
LIC New Market Plus Pension Plans Life Insurance Policy Detail
LIC's Market Plus - I Pension Plan(Plan 191): , launched on 17th
June 2008, is a Unit Linked Deferred Pension plan where the policy holder can choose the plan with or without risk cover.
BenefitsOn death of the policyholder within the deferment term where Life cover is opted for and is in force, the nominee is eligible to get the Sum Assured under the Basic Plan together with the Policyholder's Fund value
On death of the policyholder where the policy is taken without life cover, then the Policyholder's Fund value, is payable to the nominee.
On the policyholder surviving upto the date of vesting, the Policyholder's Fund value will compulsorily be utilised to provide an annuity based on the then prevailing immediate annuity rates under the relevant annuity option.
For more Detail Visit Market Plus Detail
June 2008, is a Unit Linked Deferred Pension plan where the policy holder can choose the plan with or without risk cover.
BenefitsOn death of the policyholder within the deferment term where Life cover is opted for and is in force, the nominee is eligible to get the Sum Assured under the Basic Plan together with the Policyholder's Fund value
On death of the policyholder where the policy is taken without life cover, then the Policyholder's Fund value, is payable to the nominee.
On the policyholder surviving upto the date of vesting, the Policyholder's Fund value will compulsorily be utilised to provide an annuity based on the then prevailing immediate annuity rates under the relevant annuity option.
For more Detail Visit Market Plus Detail
Financial Services of India
Avdhoot Investment offers Best Financial Services of India sitiuated at Ahmedabad for Personal Indiavidual/ Corporate Finance.For more Detail Visit Avdhoot Investment
LIC Agent Ahmedabad
Avdhoot Investment is Authorised LIC Agent Ahmedabad for selling Life Insurance Products of LIC of INDIA. For more Detail Visit Avdhoot Investment
Sep 6, 2008
LIC's Unit Plans ULIP Nav Based Life Insurance Plan Policy
LIC Unit plans/ ULIP Plan are investment plans for those who realise the worth of hard-earned money. These plans help you see your savings yield rich benefits and help you save tax even if you don't have consistent income.NAV bsed LIC Investment Product Detail List Give here.
LIC's Pension Plan
Market Plus I
Profit Plus
Fortune Plus
Money Plus-I
For more Detail Visit Avdhoot Investment Check todays Latest current ULIP NAV. Mail us for any querry on sameer.lic@gmail.com our executive will contact you within 24 hrs.
LIC's Pension Plan
Market Plus I
Profit Plus
Fortune Plus
Money Plus-I
For more Detail Visit Avdhoot Investment Check todays Latest current ULIP NAV. Mail us for any querry on sameer.lic@gmail.com our executive will contact you within 24 hrs.
LIC Pension Plans Life Insurance Plan Policy Detail
LIC Pension Plans Life Insurance Plan Policy Detail
Pension Plans are Individual Plans that gaze into your future and foresee financial stability during your old age. These policies are most suited for senior citizens and those planning a secure future, so that you never give up on the best things in life.
LIC's Pension PlansJeevan Nidhi
Jeevan Akshay-V
New Jeevan Dhara-I
New Jeevan Suraksha-I
For more Detail Visit Avdhoot Investment mail us for any querry on sameer.lic@gmail.com our LIC Agent/ Advisor will contact you within 24 hrs.
Pension Plans are Individual Plans that gaze into your future and foresee financial stability during your old age. These policies are most suited for senior citizens and those planning a secure future, so that you never give up on the best things in life.
LIC's Pension PlansJeevan Nidhi
Jeevan Akshay-V
New Jeevan Dhara-I
New Jeevan Suraksha-I
For more Detail Visit Avdhoot Investment mail us for any querry on sameer.lic@gmail.com our LIC Agent/ Advisor will contact you within 24 hrs.
LIC Jeevan Anurag Life Insurance Plan Policy Detail
BenefitsLIC’s Jeevan ANURAG is a with profits plan specifically designed to take care of the educational needs of children. The plan can be taken by a parent on his or her own life. Benefits under the plan are payable at prespecified durations irrespective of whether the Life Assured survives to the end of the policy term or dies during the term of the policy. In addition, this plan also provides for an immediate payment of Basic Sum Assured amount on death of the Life Assured during the term of the policy.
Assured BenefitPayment of 20% of the Basic Sum Assured at the start of every year during last 3 policy years before maturity. At maturity, 40% of the Basic Sum Assured along with reversionary bonuses declared from time to time on full Sum Assured for the full term and the Terminal bonus, if any shall be payable. For example, if term of the policy is 20 years, 20% of the Sum assured will be payable at the end of the 17th,18th, 19th year and 40% of the Sum Assured along with the reversionary bonuses and the terminal bonus, if any, at the end of the 20th year.
Death Benefit
Payment of an amount equal to Sum Assured under the basic plan immediately on the death of the life assured.
For more Detail Visit Avdhoot Investment Mail us on sameer.lic@ gmail.com for any querry our executive will contact you within 24 hrs.
Assured BenefitPayment of 20% of the Basic Sum Assured at the start of every year during last 3 policy years before maturity. At maturity, 40% of the Basic Sum Assured along with reversionary bonuses declared from time to time on full Sum Assured for the full term and the Terminal bonus, if any shall be payable. For example, if term of the policy is 20 years, 20% of the Sum assured will be payable at the end of the 17th,18th, 19th year and 40% of the Sum Assured along with the reversionary bonuses and the terminal bonus, if any, at the end of the 20th year.
Death Benefit
Payment of an amount equal to Sum Assured under the basic plan immediately on the death of the life assured.
For more Detail Visit Avdhoot Investment Mail us on sameer.lic@ gmail.com for any querry our executive will contact you within 24 hrs.
LIC Insurance Plans Detail List Product Features Life Insurance
As individuals it is inherent to differ. Each individual�s insurance needs and requirements are different from that of the others. LIC�s Insurance Plans are policies that talk to you individually and give you the most suitable options that can fit your requirement.LIC
Children Plans
Jeevan Anurag
Komal Jeevan
CDA Endowment Vesting At 21
Marriage Endowment Or
Educational Annuity Plan
CDA Endowment Vesting At 18
Jeevan Kishore
Jeevan Chhaya
Child Career Plan
Child Future Plan
Plan for Handicapped Dependents
Jeevan Aadhar
Jeevan Vishwas
Endowment Assurance Plans
The Endowment Assurance Policy
The Endowment Assurance Policy-Limited Payment
Jeevan Mitra(Double Cover Endowment Plan)
Jeevan Mitra(Triple Cover Endowment Plan)
Jeevan Anand
New Janaraksha Plan
Jeevan Amrit
Plans for High Worth Individuals
Jeevan Shree-I
Jeevan Pramukh
Money Back Plans
The Money Back Policy-20 Years
The Money Back Policy-25 Years
Jeevan Surabhi-15 Years
Jeevan Surabhi-20 Years
Jeevan Surabhi-25 Years
Bima Bachat
Special Money Back Plan for Women
Jeevan Bharati
Whole Life Plans
The Whole Life Policy
The Whole Life Policy- Limited Payment
The Whole Life Policy- Single Premium
Jeevan Anand
Jeevan Tarang
Term Assurance Plan
Two Year Temporary Assurance Policy
The Convertible Term Assurance Policy
Anmol Jeevan-I
Amulya Jeevan-I
Joint Life Plan
Jeevan Saathi
Decreasing Term Assurance To Cover Home Loan Repayment
Mortgage Redemption
For more Detail Visit Avdhoot Investment Our LIC of Indias Autorised LIC Agent/ Insurance Advisor is giving you Free Quotes on Life Insurance within 24 hrs. mail us at sameer.lic@gmail.com for any querry
Children Plans
Jeevan Anurag
Komal Jeevan
CDA Endowment Vesting At 21
Marriage Endowment Or
Educational Annuity Plan
CDA Endowment Vesting At 18
Jeevan Kishore
Jeevan Chhaya
Child Career Plan
Child Future Plan
Plan for Handicapped Dependents
Jeevan Aadhar
Jeevan Vishwas
Endowment Assurance Plans
The Endowment Assurance Policy
The Endowment Assurance Policy-Limited Payment
Jeevan Mitra(Double Cover Endowment Plan)
Jeevan Mitra(Triple Cover Endowment Plan)
Jeevan Anand
New Janaraksha Plan
Jeevan Amrit
Plans for High Worth Individuals
Jeevan Shree-I
Jeevan Pramukh
Money Back Plans
The Money Back Policy-20 Years
The Money Back Policy-25 Years
Jeevan Surabhi-15 Years
Jeevan Surabhi-20 Years
Jeevan Surabhi-25 Years
Bima Bachat
Special Money Back Plan for Women
Jeevan Bharati
Whole Life Plans
The Whole Life Policy
The Whole Life Policy- Limited Payment
The Whole Life Policy- Single Premium
Jeevan Anand
Jeevan Tarang
Term Assurance Plan
Two Year Temporary Assurance Policy
The Convertible Term Assurance Policy
Anmol Jeevan-I
Amulya Jeevan-I
Joint Life Plan
Jeevan Saathi
Decreasing Term Assurance To Cover Home Loan Repayment
Mortgage Redemption
For more Detail Visit Avdhoot Investment Our LIC of Indias Autorised LIC Agent/ Insurance Advisor is giving you Free Quotes on Life Insurance within 24 hrs. mail us at sameer.lic@gmail.com for any querry
Sep 5, 2008
LIC Child Insurance Plan Policy
Here is the List of LIC's Child Insurance Plans.
LIC Children's Policy
· LIC's Jeevan Kishore
· LIC's Jeevan Chhaya
· LIC's Komal Jeevan *
· LIC's Marriage Endowment/ Educational Annuity
· LIC's Jeevan Annurag
Avdhoot Investment
LIC Children's Policy
· LIC's Jeevan Kishore
· LIC's Jeevan Chhaya
· LIC's Komal Jeevan *
· LIC's Marriage Endowment/ Educational Annuity
· LIC's Jeevan Annurag
Avdhoot Investment
Sep 4, 2008
SEBI to permit trading in interest rate futures
SEBI to permit trading in interest rate futures by December-January
Market regulator SEBI on Tuesday said it will allow trading in exchange traded interest rate futures by December-January, a move which will help banks and FIIs manage interest rate risks.
"Exchange traded interest rate futures will be permitted by December-January, latest by January," SEBI Whole-Time member T C Nair told reporters here.
Initially, these futures contracts would be based on 10-year government bond yield, which should be settled by physical delivery.
Recently, an RBI-appointed technical panel recommended introduction of futures contracts, suggesting that as market evolves, exchanges may consider introducing contracts on various other government securities and had sought public comments.
The group had also recommended that these products be exempted from securities transactions tax to ensure symmetry between cash market in government and other securities and interest rate futures.
The need for interest rate futures arose because of failure of exchange traded interest rate futures contracts introduced by the NSE in 2003.
Earlier in 1999, the RBI had also taken initiative to introduce over-the-counter interest rate futures. Taking lessons from experiences of those products, the RBI panel recommended that futures contract initially be based on the 10-year government security yield.
It observed that banks, insurance companies, primary dealer and provident funds, who among them carry almost 88 per cent of interest rate risk on account of exposure to government securities, need a credible institutional hedging mechanism.
Avdhoot Investment
Market regulator SEBI on Tuesday said it will allow trading in exchange traded interest rate futures by December-January, a move which will help banks and FIIs manage interest rate risks.
"Exchange traded interest rate futures will be permitted by December-January, latest by January," SEBI Whole-Time member T C Nair told reporters here.
Initially, these futures contracts would be based on 10-year government bond yield, which should be settled by physical delivery.
Recently, an RBI-appointed technical panel recommended introduction of futures contracts, suggesting that as market evolves, exchanges may consider introducing contracts on various other government securities and had sought public comments.
The group had also recommended that these products be exempted from securities transactions tax to ensure symmetry between cash market in government and other securities and interest rate futures.
The need for interest rate futures arose because of failure of exchange traded interest rate futures contracts introduced by the NSE in 2003.
Earlier in 1999, the RBI had also taken initiative to introduce over-the-counter interest rate futures. Taking lessons from experiences of those products, the RBI panel recommended that futures contract initially be based on the 10-year government security yield.
It observed that banks, insurance companies, primary dealer and provident funds, who among them carry almost 88 per cent of interest rate risk on account of exposure to government securities, need a credible institutional hedging mechanism.
Avdhoot Investment
Max New York India Health Life Insurance
Max India inks pact with UK firm for health insurance business
Private insurance-provider Max India has entered into an agreement with the UK-based Bupa to set up a standalone health insurance company.
The joint venture partner British United Provident Fund (Bupa) will hold 26 per cent of the stake in Max Bupa Health Insurance Ltd with Max holding the rest. However, Bupa will have an option and right to go up to maximum amount of FDI allowed by the government in case FDI reforms take place, Max India Chairman Analjit Singh said here today.
The initial share capital of the JV will be Rs 100 crore and the business is expected to be up and running in 12-15 months, Singh added.
He said, "We are not in a hurry to launch (the JV) immediately. We want to have ground preparation first which will take at least 12-15 months".
The company has expertise in healthcare facilities, which, at present, has a customer base of 2.7 million, he added.
Singh said the products will be rolled-out phase wise as "that would be prudent for us". It will be a phased, region-wise roll-out that would make the presence of the company efficient.
The JV plans to consider all possibilities like individual, retail and group insurance and is targeting one million customers initially.
Pointing out the favourable demographics of India, Director Max India Anuroop Singh said the country has huge potential for health insurance as the average age is expected to be 29 years in the next 12 years with people getting more spending power
Avdhoot Investment
Private insurance-provider Max India has entered into an agreement with the UK-based Bupa to set up a standalone health insurance company.
The joint venture partner British United Provident Fund (Bupa) will hold 26 per cent of the stake in Max Bupa Health Insurance Ltd with Max holding the rest. However, Bupa will have an option and right to go up to maximum amount of FDI allowed by the government in case FDI reforms take place, Max India Chairman Analjit Singh said here today.
The initial share capital of the JV will be Rs 100 crore and the business is expected to be up and running in 12-15 months, Singh added.
He said, "We are not in a hurry to launch (the JV) immediately. We want to have ground preparation first which will take at least 12-15 months".
The company has expertise in healthcare facilities, which, at present, has a customer base of 2.7 million, he added.
Singh said the products will be rolled-out phase wise as "that would be prudent for us". It will be a phased, region-wise roll-out that would make the presence of the company efficient.
The JV plans to consider all possibilities like individual, retail and group insurance and is targeting one million customers initially.
Pointing out the favourable demographics of India, Director Max India Anuroop Singh said the country has huge potential for health insurance as the average age is expected to be 29 years in the next 12 years with people getting more spending power
Avdhoot Investment
Google Launch Chrome Web Browser
Here's a comic way of understanding Chrome
Google seems to be on a simplification drive. Probably that's why it has chosen the medium of a comic to present the Chrome chronology. Read on to get a click by click account of Chrome’s inception and development till it grew into a mature web browser that is giving Microsoft (Internet Explorer) sleepless nights. Download Free Google Chrome Browser Application Here.
Avdhoot Investment
Google seems to be on a simplification drive. Probably that's why it has chosen the medium of a comic to present the Chrome chronology. Read on to get a click by click account of Chrome’s inception and development till it grew into a mature web browser that is giving Microsoft (Internet Explorer) sleepless nights. Download Free Google Chrome Browser Application Here.
Avdhoot Investment
GAIL India approves bonus share of 1:2
GAIL India approves bonus share of 1:2
In a bonanza to shareholders, GAIL India on Thursday approved a bonus share in the ratio of one additional share for two shares held.
The shares issued will be in the ratio of 1:2 and which will double the authorised share capital to Rs 2,000 crore, GAIL Chairman and Managing Director U D Choubey said.
He said the company proposes to raise Pata Petrochemicals' annual capacity to 500,000 tons in the next one year from the existing 400,000 tons.
It will further raise the annual capacity to 800,000 tons in future, Choubey said. "The increased production of polymers at Pata shall further add value," he told shareholders.
The company's share surged to Rs 416 in morning trade, up from yesterday's close of Rs 405.55.
Avdhoot Investment
In a bonanza to shareholders, GAIL India on Thursday approved a bonus share in the ratio of one additional share for two shares held.
The shares issued will be in the ratio of 1:2 and which will double the authorised share capital to Rs 2,000 crore, GAIL Chairman and Managing Director U D Choubey said.
He said the company proposes to raise Pata Petrochemicals' annual capacity to 500,000 tons in the next one year from the existing 400,000 tons.
It will further raise the annual capacity to 800,000 tons in future, Choubey said. "The increased production of polymers at Pata shall further add value," he told shareholders.
The company's share surged to Rs 416 in morning trade, up from yesterday's close of Rs 405.55.
Avdhoot Investment
Sep 3, 2008
Accident Death Claim
What to do in Accident Death Claim?
Accidental Death Claim
Copy of Claim intimation given to Company together with xerox of policy & premium receipt & other below document's
Duly filled Claim Form
Post mortum report
Death Certificate
Police Panchnama/First Information Report/Final Investigation Report
Medical report & details of medical expenses
Wage Certificate from employer
Proof of Age
VisitAvdhoot Investment for any query on Accident Claim
Accidental Death Claim
Copy of Claim intimation given to Company together with xerox of policy & premium receipt & other below document's
Duly filled Claim Form
Post mortum report
Death Certificate
Police Panchnama/First Information Report/Final Investigation Report
Medical report & details of medical expenses
Wage Certificate from employer
Proof of Age
VisitAvdhoot Investment for any query on Accident Claim
Group Mediclaim Insurance Policy
Group Mediclaim Insurance Policy
Brief Description :
Mediclaim Insurance is a cover which takes care of medical expenses following Hospitalisation/Domiciliary Hospitalisation of the Insured in respect of the following situations: (A) In case of a sudden illness (B) In case of an accident (C) In case of any surgery which is required in respect of any disease which has arisen during the policy period. The major benefit for taking a Group Mediclaim policy is that the insured gets a Group discount, hence the premium per person is lower.
Covered Risks :This cover is a hospitalisation cover and reimburse the medical expenses incurred in respect of covered disease /surgery while the insured was admitted in the hospital as an in patient.The cover also extends to pre- hospitalsation and post- hospitalisation for periods of 30 days and 60 days respectively
Major Exclusions :
Any pre-existing disease,any expense incurred during first 30 days of cover except injury due to accident,all expenses incurred in respect of any treatment relating to pregnancy and child birth. Treatment for Cataracts,Benign prostatic hypertrophy,Hysterectomy, Menorrhagia or Fibromyoma, Hernia,Fitula of anus,Piles, Sinusitis, Asthma,Bronchitis, All Psychiatric or Psychosomatic disorders are excluded from the scope of the cover. Visit this website for more detail Avdhoot Investment
Brief Description :
Mediclaim Insurance is a cover which takes care of medical expenses following Hospitalisation/Domiciliary Hospitalisation of the Insured in respect of the following situations: (A) In case of a sudden illness (B) In case of an accident (C) In case of any surgery which is required in respect of any disease which has arisen during the policy period. The major benefit for taking a Group Mediclaim policy is that the insured gets a Group discount, hence the premium per person is lower.
Covered Risks :This cover is a hospitalisation cover and reimburse the medical expenses incurred in respect of covered disease /surgery while the insured was admitted in the hospital as an in patient.The cover also extends to pre- hospitalsation and post- hospitalisation for periods of 30 days and 60 days respectively
Major Exclusions :
Any pre-existing disease,any expense incurred during first 30 days of cover except injury due to accident,all expenses incurred in respect of any treatment relating to pregnancy and child birth. Treatment for Cataracts,Benign prostatic hypertrophy,Hysterectomy, Menorrhagia or Fibromyoma, Hernia,Fitula of anus,Piles, Sinusitis, Asthma,Bronchitis, All Psychiatric or Psychosomatic disorders are excluded from the scope of the cover. Visit this website for more detail Avdhoot Investment
Fire Insurance
Standard Fire and Special Perils Policy (Material Damage)
Brief Description :
This policy covers properties of the insured from the dangers of Fire & various other perils (which also includes Riots, Strike & Terrorism) for a small premium. This policy is available to a wide range of properties. From a unit of an Artisan, Small Scale Industries, Cottage Industry to a Large Business Houses and Petrochemical Complex all are covered under a single policy. If desired Dwelling can be covered for a period of 10 years also.
Covered Risks :
Fire,Lightning,Explosion/Implosion,Aircraft damage,Riot and Strike,Impact Damage,Subsidence,Bursting or overflowing of water tank Sprinkler Leakage,Bush fire excluding forest fire.
Major Exclusions :War and warlike operations,Ionisation,Pollutions/Contamination -not due to insured peril,Stocks in cold storage due to temperature change. Visit Avdhoot Investment for more detail on Fire Insurance
Brief Description :
This policy covers properties of the insured from the dangers of Fire & various other perils (which also includes Riots, Strike & Terrorism) for a small premium. This policy is available to a wide range of properties. From a unit of an Artisan, Small Scale Industries, Cottage Industry to a Large Business Houses and Petrochemical Complex all are covered under a single policy. If desired Dwelling can be covered for a period of 10 years also.
Covered Risks :
Fire,Lightning,Explosion/Implosion,Aircraft damage,Riot and Strike,Impact Damage,Subsidence,Bursting or overflowing of water tank Sprinkler Leakage,Bush fire excluding forest fire.
Major Exclusions :War and warlike operations,Ionisation,Pollutions/Contamination -not due to insured peril,Stocks in cold storage due to temperature change. Visit Avdhoot Investment for more detail on Fire Insurance
Marine Insurance
Marine Cargo Insurance
Advance Loss Of Profit (Following Marine)
Hull Deductible Insurance Policy
Hull War and Allied Peril Policy
Marine Hull Policy
Marine Insurance - REGD. Post
Marine Insurance - Sailing Vessels
Marine Insurance Policy (Air)
Marine Insurance Policy (Ocean Voyage)
Marine Insurance Policy Inland Transit(Rail/Road)
Contact Avdhoot Investment for cheaper rates on Mrine Insurance our Insurance Advisor will Contact you within 24 hrs.
Advance Loss Of Profit (Following Marine)
Hull Deductible Insurance Policy
Hull War and Allied Peril Policy
Marine Hull Policy
Marine Insurance - REGD. Post
Marine Insurance - Sailing Vessels
Marine Insurance Policy (Air)
Marine Insurance Policy (Ocean Voyage)
Marine Insurance Policy Inland Transit(Rail/Road)
Contact Avdhoot Investment for cheaper rates on Mrine Insurance our Insurance Advisor will Contact you within 24 hrs.
General Insurance
Avdhoot Investment is Authorised Agent for selling General Insurance Product for The Oriental Insurance Company.
*List of Our Other General Insurance Products*
Individuals/Family General Insurance.Baggage Insurance Policy
Burglary and House Breaking Insurance Policy
Comprehensive Health Insurance Scheme
Cycle Rickshaw Policy
Gun Insurance
Insurance Policy for Mobile/Cellular Phone
Insurance Policy for Pager
Suhana Safar Domestic Policy
Swasthya Bima Policy
Sweet Home Insurance Policy
TV VCR VCP Insurance Policy
Health-- Mediclaim/Overseas Mediclaim/Personal Accident
Gramin Accident Insurance
Group Mediclaim Policy
Individual Mediclaim Policy
Jan Arogya Bima
Janata Personal Accident Policy
Nagrik Suraksha Policy
Overseas Mediclaim Business and Holiday
Overseas Mediclaim Employment and Study
Personal Accident - Group
Personal Accident - Individual
Universal Health Insurance Scheme
Professionals
Professional Indemnity Errors & Omissions Insurance For Chartered Accountants/Financial Accountants/Management Consultants/ Lawyers/ Advocates/ Solicitors/Counsels
Professional Indemnity Errors & Omissions Insurance Policy for Consulting Engineers/Architects & Interior Decorators
Professional Indemnity Policy For Doctors And Medical Practitioners
Professional Negligence Errors and Omissions Insurance Policy For Medical Establishments
Sports Insurance Policy
Business/Office/Traders
Electronic Equipment Insurance Policy
Fidelity Guarantee Policy - Floating Group
Fidelity Guarantee Policy - Individual Named
Money Insurance Policy
Multi Peril Policy For LP Gas Dealers
Neon Sign Policy
Office Umbrella Policy
Plate Glass Insurance Policy
Engineering/Industry
All Risks Insurance
Contractor's All Risk Insurance Policy
Contractor's Plant & Machinery Insurance
Employers Liability Insurance
Fire Policy 'C'
Industrial All Risk Insurance Policy
Machinery Insurance Policy
Machinery Loss Of Profit Insurance Policy (Out-Put Basis)
Standard Fire and Special Perils Policy (Material Damage)
Motor Vehicle Auto-- Private/Commercial
Commercial Vehicle - Goods Carrying 'B' Policy
Motor Cycle Package Policy
Motor Cycle Policy - Act Liability
Private Auto Car Package Policy
Agriculture/Sericulture/Poultry
Animal Driven Cart / Tanga Insurance
Apple Insurance (Input) Policy
Aquaculture (Shrimp/Prawn) Insurance Policy
Beetlevine Insurance (Input Policy)
Coconut Palm Insurance Policy
Failed Well Insurance
Honey Bee Insurance Scheme
Hut Insurance
Inland Fresh Water Fish (Embankments) Insurance
Insurance of Biogas Plant (Gobargas)
Khalihan Insurance Package Policy
Kissan Package Insurance
Package Insurance for Tribals
Plantation/HortiCulture (Input) Policy
Policy for Insurance of Fish in ponds (Fresh Water)
Policy for Kisan Agricultural Pumpset Insurance Scheme
Poultry Insurance
Rose Plantation Insurance
Sericulture (Silkworm) Insurance
Tea Plantation Insurance
Animals/Birds Insurance
Calf/Heifers Rearing Insurance Scheme
Camel Insurance
Cattle Insurance
Dog Insurance
Duck Insurance Scheme
Elephant Insurance
Foetus (Unborn Calf) Insurance Scheme
Horse/Yak/Mule/Pony/Donkey Insurance
Pig Insurance
Rabbit Insurance
Sheep & Goat Insurance Policy
Aviation Insurance
Aircraft Hull and Spares All Risks Aviation Liability Insurance (Airlines)
Aircraft Hull/Liability Insurance Policy
Aircraft Spares Insurance Policy
Aviation Fuelling/Refuelling Liability Insurance Policy
Aviation Group Loss of Licence Insurance
Aviation Personnel Accident (Crew Members)
Hull War and Allied Perils Insurance (Airlines) Policy
Loss of License Insurance
Marine Insurance
Advance Loss Of Profit (Following Marine)
Hull Deductible Insurance Policy
Hull War and Allied Peril Policy
Marine Hull Policy
Marine Insurance - REGD. Post
Marine Insurance - Sailing Vessels
Marine Insurance Policy (Air)
Marine Insurance Policy (Ocean Voyage)
Marine Insurance Policy Inland Transit(Rail/Road)
For more story or free quotes on above Products Click here or visit our Website www.avdhootinvestment.com or Mail us on sameer.lic@gmail.com or call on +91-9825472919. Our GIC/ General Insurance Agent will contact you within 24 hours.
*List of Our Other General Insurance Products*
Individuals/Family General Insurance.Baggage Insurance Policy
Burglary and House Breaking Insurance Policy
Comprehensive Health Insurance Scheme
Cycle Rickshaw Policy
Gun Insurance
Insurance Policy for Mobile/Cellular Phone
Insurance Policy for Pager
Suhana Safar Domestic Policy
Swasthya Bima Policy
Sweet Home Insurance Policy
TV VCR VCP Insurance Policy
Health-- Mediclaim/Overseas Mediclaim/Personal Accident
Gramin Accident Insurance
Group Mediclaim Policy
Individual Mediclaim Policy
Jan Arogya Bima
Janata Personal Accident Policy
Nagrik Suraksha Policy
Overseas Mediclaim Business and Holiday
Overseas Mediclaim Employment and Study
Personal Accident - Group
Personal Accident - Individual
Universal Health Insurance Scheme
Professionals
Professional Indemnity Errors & Omissions Insurance For Chartered Accountants/Financial Accountants/Management Consultants/ Lawyers/ Advocates/ Solicitors/Counsels
Professional Indemnity Errors & Omissions Insurance Policy for Consulting Engineers/Architects & Interior Decorators
Professional Indemnity Policy For Doctors And Medical Practitioners
Professional Negligence Errors and Omissions Insurance Policy For Medical Establishments
Sports Insurance Policy
Business/Office/Traders
Electronic Equipment Insurance Policy
Fidelity Guarantee Policy - Floating Group
Fidelity Guarantee Policy - Individual Named
Money Insurance Policy
Multi Peril Policy For LP Gas Dealers
Neon Sign Policy
Office Umbrella Policy
Plate Glass Insurance Policy
Engineering/Industry
All Risks Insurance
Contractor's All Risk Insurance Policy
Contractor's Plant & Machinery Insurance
Employers Liability Insurance
Fire Policy 'C'
Industrial All Risk Insurance Policy
Machinery Insurance Policy
Machinery Loss Of Profit Insurance Policy (Out-Put Basis)
Standard Fire and Special Perils Policy (Material Damage)
Motor Vehicle Auto-- Private/Commercial
Commercial Vehicle - Goods Carrying 'B' Policy
Motor Cycle Package Policy
Motor Cycle Policy - Act Liability
Private Auto Car Package Policy
Agriculture/Sericulture/Poultry
Animal Driven Cart / Tanga Insurance
Apple Insurance (Input) Policy
Aquaculture (Shrimp/Prawn) Insurance Policy
Beetlevine Insurance (Input Policy)
Coconut Palm Insurance Policy
Failed Well Insurance
Honey Bee Insurance Scheme
Hut Insurance
Inland Fresh Water Fish (Embankments) Insurance
Insurance of Biogas Plant (Gobargas)
Khalihan Insurance Package Policy
Kissan Package Insurance
Package Insurance for Tribals
Plantation/HortiCulture (Input) Policy
Policy for Insurance of Fish in ponds (Fresh Water)
Policy for Kisan Agricultural Pumpset Insurance Scheme
Poultry Insurance
Rose Plantation Insurance
Sericulture (Silkworm) Insurance
Tea Plantation Insurance
Animals/Birds Insurance
Calf/Heifers Rearing Insurance Scheme
Camel Insurance
Cattle Insurance
Dog Insurance
Duck Insurance Scheme
Elephant Insurance
Foetus (Unborn Calf) Insurance Scheme
Horse/Yak/Mule/Pony/Donkey Insurance
Pig Insurance
Rabbit Insurance
Sheep & Goat Insurance Policy
Aviation Insurance
Aircraft Hull and Spares All Risks Aviation Liability Insurance (Airlines)
Aircraft Hull/Liability Insurance Policy
Aircraft Spares Insurance Policy
Aviation Fuelling/Refuelling Liability Insurance Policy
Aviation Group Loss of Licence Insurance
Aviation Personnel Accident (Crew Members)
Hull War and Allied Perils Insurance (Airlines) Policy
Loss of License Insurance
Marine Insurance
Advance Loss Of Profit (Following Marine)
Hull Deductible Insurance Policy
Hull War and Allied Peril Policy
Marine Hull Policy
Marine Insurance - REGD. Post
Marine Insurance - Sailing Vessels
Marine Insurance Policy (Air)
Marine Insurance Policy (Ocean Voyage)
Marine Insurance Policy Inland Transit(Rail/Road)
For more story or free quotes on above Products Click here or visit our Website www.avdhootinvestment.com or Mail us on sameer.lic@gmail.com or call on +91-9825472919. Our GIC/ General Insurance Agent will contact you within 24 hours.
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