Mutual Fund Application Forms Download Any Applications
Invest in Tax Saving Mutual Funds Invest Online
Infrastructure Bond Application Forms Download Applications

Monday 24 February 2014

United India Personal Accident Policy

Invest In Tax Saving Mutual Funds Online

Call 0 94 8300 8300 (India)

United India Personal Accident Policy

Objective

This is a personal accident policy that aims to provide for any physical injury or death caused by an accident.

Suited for

Anyone between 12 and 70 years of age can buy this policy. A 70 year old can also take this policy till 80 years subject to medical examination.

What does it do?

It is a simple policy covering death. The policy gives a choice to cover permanent disablement too. The benefits are classified under three tables. Table 1 is the most basic variant that covers accidental death of the insured. Table 2 covers permanent total disablement and death of insured and Table 3 covers permanent partial disablement in addition to risks covered under Table 2.
Premium rates will depend on risk involved in securing the life. Premium will be higher for those performing risky jobs. The policy will also pay education fund for continuation of deceased's children’s education and transportation charges for carrying the insured member from site of accident. Medical expenses can also be covered by paying an additional premium.

Pros

The policy offers a higher term and gives an option to cover medical expenses.
It pays education fund for deceased's children.
Annual no-claim bonus increases sum insured without charging extra premium. There is an option to cover spouse under the same policy.

Cons

There is no tax benefit.

Our View

This is a cost effective plan offering good coverage. We recommend this policy.
You should evaluate your insurance need before buying a health insurance policy. For instance, you may have a basic health policy that covers hospitalisation expenses, hence you may not need to buy additional medical expense benefit offered under this policy.

Objective

This is a personal accident policy that aims to provide for any physical injury or death caused by an accident.

Suited for

Anyone between 12 and 70 years of age can buy this policy. A 70 year old can also take this policy till 80 years subject to medical examination.

What does it do?

It is a simple policy covering death. The policy gives a choice to cover permanent disablement too. The benefits are classified under three tables. Table 1 is the most basic variant that covers accidental death of the insured. Table 2 covers permanent total disablement and death of insured and Table 3 covers permanent partial disablement in addition to risks covered under Table 2.
Premium rates will depend on risk involved in securing the life. Premium will be higher for those performing risky jobs. The policy will also pay education fund for continuation of deceased's children’s education and transportation charges for carrying the insured member from site of accident. Medical expenses can also be covered by paying an additional premium.

Pros

The policy offers a higher term and gives an option to cover medical expenses.
It pays education fund for deceased's children.
Annual no-claim bonus increases sum insured without charging extra premium. There is an option to cover spouse under the same policy.

Cons

There is no tax benefit.

Our View

This is a cost effective plan offering good coverage. We recommend this policy.
You should evaluate your insurance need before buying a health insurance policy. For instance, you may have a basic health policy that covers hospitalisation expenses, hence you may not need to buy additional medical expense benefit offered under this policy.

Happy Investing!!

We can help. Call 0 94 8300 8300 (India)

Leave your comment with mail ID and we will answer them

OR

You can write back to us at PrajnaCapital [at] Gmail [dot] Com

---------------------------------------------

Invest in Tax Saving Mutual Funds ( ELSS Mutual Funds ) to upto Rs 1 lakh and Save tax under Section 80C.

Invest Tax Saving Mutual Funds Online

Tax Saving Mutual Funds Online

These links can be used to Purchase Mutual Funds Online that are regular also (Investment, non-tax saving)

Download Tax Saving Mutual Fund Application Forms from all AMCs

Download Tax Saving Mutual Fund Applications

These Application Forms can be used for buying regular mutual funds also

Some of the best Tax Saving Mutual Funds available ( ELSS Mutual Funds )

  1. ICICI Prudential Tax Plan Invest Online
  2. HDFC TaxSaver Invest Online
  3. DSP BlackRock Tax Saver Fund Invest Online
  4. Reliance Tax Saver (ELSS) Fund Invest Online
  5. Birla Sun Life Tax Relief ‘96 Invest Online
  6. IDFC Tax Advantage (ELSS) Fund Invest Online
  7. SBI Magnum Tax Gain Scheme 1993 Invest Online
  8. Sundaram Tax Saver Invest Online
  9. Edelweiss ELSS Invest Online

------------------

Best Performing Mutual Funds

    1. Largecap Funds Invest Online
      1. DSP BlackRock Top 100 Fund
      2. ICICI Prudential Focused Blue Chip Fund
      3. Birla Sun Life Front Line Equity Fund
    2. Large and Midcap Funds Invest Online
      1. ICICI Prudential Dynamic Plan
      2. HDFC Top 200 Fund
      3. UTI Dividend Yield Fund
    1. Mid and SmallCap Funds Invest Online
      1. Reliance Equity Opportunities Fund
      2. DSP BlackRock Small & Midcap Fund
      3. Sundaram Select Midcap
      4. IDFC Premier Equity Fund
    1. Small and MicroCap Funds Invest Online
      1. DSP BlackRock MicroCap Fund
    1. Sector Funds Invest Online
      1. Reliance Banking Fund
      2. Reliance Banking Fund
    1. Tax Saver MutualFunds Invest Online
      1. ICICI Prudential Tax Plan
      2. HDFC Taxsaver
      3. DSP BlackRock Tax Saver Fund
      4. Reliance Tax Saver (ELSS) Fund
    2. Gold Mutual Funds Invest Online
      1. Relaince Gold Savings Fund
      2. ICICI Prudential Regular Gold Savings Fund
      3. HDFC Gold Fund

No comments:

Post a Comment

Mutual Fund Application Forms Download Any Applications
Invest in Tax Saving Mutual Funds Invest Online
Infrastructure Bond Application Forms Download Applications

Popular Posts