Investment Insurance and Retirement Planning

L&T infrastructure bonds 2011

2011-02-10T02:25:00.000-08:00

L&T Infrastructure Finance Company is making a public issue of Long Term Infrastructure Bonds 2011, to finance infrastructure lending.

Issue opens 7th Feb 2011
Issue closes 7th March 2011

The company plans to raise up to Rs 400 crore (base issue Rs. 100 crore), including an option to retain an over subscription of up to Rs 300 crore.

Investment Option :

Series 1: 8.20% annual coupon paying 10 year bond with a buyback option at the end of 5 years and at the end of 7 years.

Series 2: 8.30% cumulative coupon paying 10 year bond with a buyback option at the end of 5 years and at the end of 7 years.

Interest Payment :

Annual, i.e. yearly payment of interest for Series 1.

Cumulative, i.e. cumulative interest payment at the end of maturity or buyback, as applicable for Series 2.

Tax Benefits :

Tax benefits u/s 80 CCF of the Income Tax Act, 1961 – an investor would be entitled to tax deduction in computing the taxable income on investment of upto Rs 20,000/-. This deduction shall be over and above the Rs. 1,00,000/- deduction available under section 80C, 80CCC & 80CCD read with section 80CCE.

Tax benefits would be available only to Resident Individuals (Major) and HUFs.

Listing :

The bond is proposed to be listed on NSE. Redemption is based on subject of Lock in Period.

Credit Rating :

The bonds have been rated as “Care AA+.” by CARE and ‘LAA+’ by ICRA, indicating high safety for timely servicing of debt obligations with high credit quality and low credit risk.

Note : Bonds can be bought either in Physical form or in DMAT form.

Documents needed to buy these bonds :

For Demat Mode : Pan Card Copy only.

For Physical Mode: (All documents are self attested.)

1. Pan Card Copy

2. Address Proof

3. Copy of Cheque or Cancel cheque of the bank account to which the amounts pertaining to payment of
Refunds, interest and redemption as applicable should be credited

To invest in these Bonds you can Contact :
Sudhansh Arora
9999 97 2859
9999 73 2859

IIFCL infrastructure bonds 2011

2011-02-10T02:21:00.000-08:00

India Infrastructure Finance Company Limited (IIFCL) has announced a public issue of long term infrastructure bonds to raise an amount of up to Rs 1,200 crore, in one or more tranches, in the financial year 2010-11. The Issue proceeds are proposed to be used for the Company’s infrastructure lending activities.
Issue Opens : 4th Feb 2011
Issue Closes : 4th March 2011
(Or on such earlier date or extended date, as may be decided by the Board.)
Investment Option:

Listing:
The Bond is proposed to be listed on the Bombay Stock Exchange (“BSE”). They are subject to statutory lock-in for a period of five years from the deemed date of allotment. Trading is permitted in dematerialized form only following expiry of the Lock-in Period.

Tax Benefits:
Tax benefits u/s 80 CCF of the Income Tax Act, 1961 – an investor would be entitled to tax deduction in computing the taxable income on investment of upto Rs 20,000/-. This deduction shall be over and above the Rs. 1,00,000/- deduction available under section 80C, 80CCC & 80CCD read with section 80CCE.

Tax benefits would be available only to Resident Individuals (Major) and HUFs.

Credit Ratings:
Credit Ratings of “AAA/Stable” by CRISIL and CARE indicating highest safety with regard to timely servicing of bonds.

Note : Bonds are likely to be issued either in demat form or physical form at the option of bondholders.

Documents needed to buy these bonds :

For Demat Mode : Pan Card Copy only.

For Physical Mode: (All documents are self attested.)

1. Pan Card Copy

2. Address Proof

3. Copy of Cheque or Cancel cheque of the bank account to which the amounts pertaining to payment of
Refunds, interest and redemption as applicable should be credited

To invest in these Bonds you can Contact :
Sudhansh Arora
9999 97 2859
9999 73 2859

LIC's Bima Account - I Table Plan No.- 805

2011-02-01T10:30:00.000-08:00

LIC’s Bima Account - I Table No.- 805 (UIN: 512N263V01)
“LIC’s Bima Account – I ” is a simple non-linked plan under which you can be covered without undergoing any medical examination subject to certain conditions.

This plan offers you everything you think of an insurance plan should provide:

Simplicity
Liquidity
Guaranteed minimum return
No medical examination
Transparent charges
Risk cover

Under this plan, the premiums paid by you, after deduction of charges, will be credited to the Policyholder’s Account maintained separately for each policyholder. The risk cover will be provided by deduction of mortality charges from the Policyholder’s Account.

If all due premiums are paid, the amount held in your Policyholder’s Account will earn an annual interest rate of 6% p.a. which will be guaranteed for whole of the policy term. In addition to this guaranteed return, if all due premiums are paid, your account may earn an additional return depending upon the experience under this plan.

You will also have an option to pay additional (Top-up) premiums without any increase in risk cover.

Loan facility will also be available immediately after first policy anniversary.

PAYMENT OF PREMIUMS: You may pay premiums regularly at yearly, half-yearly, quarterly or monthly (through ECS mode only) intervals over the term of the policy.

Policyholder’s Account shall consist of 2 parts:
Policyholder’s Regular Premium Account - to which regular premiums, net of charges, shall be credited.
Policyholder’s Top-up Premium Account - to which Top-up premiums, net of charges, shall be credited

ELIGIBILITY CONDITIONS AND OTHER RESTRICTIONS:
(in years)

Minimum Entry Age : 11 (completed)
Maximum Entry Age : 50 (nearest birthday)
Policy Term : 5 to 7
Minimum Maturity Age : 18 (completed)
Maximum Maturity Age : 57 (nearest birthday)

Minimum Premium Regular premium Instalment premium

Mode Minimum Maximum

Yearly 7,000=00 14,000=00

Half-yearly 4,000=00 7,000=00

Quarterly 2,000=00 3,500=00

Monthly (ECS) 600=00 1,100=00

Top-up premium : 1000

Minimum Sum Assured : 10 times the annualized premium.
Maximum Sum Assured :

20 times of the annualized premium up to age 35 years
14 times of the annualized premium for age between 36 to45years
10 times of the annualized premium for age between 46 to 50 years

The maximum Sum Assured shall be subject to maximum non-medical limit applicable for the life to be assured.

For More Details :

Contact Mr. Sudhansh Arora

+91-9999-97-2859

+91-9999-73-2859

email : justyourmoney@gmail.com

LIC’s Endowment Plus-Table No.802

2010-10-29T09:16:00.000-07:00

Endowment Plus
Offers investment-cum-insurance during the term of the policy
and is available for people under 7-60 years
for a policy term between 10 years and 20 years.

The minimum annual premium under the policy is Rs 20,000 for regular modes
and a risk cover of up to 11-30 times of annualised premium
or 1.25 times of single premium.

Critical illness and accident benefit riders are also available with this policy.

The policy holder has the option to choose any of the 4 funds

Namely - Bond Fund, Secured Fund, Balanced Fund Growth Fund.

The option of switching within the funds is available any number of times during the duration of policy.
The first four switches every year are free of charge and Rs 100 is levied thereafter per switch.

Lic's - Wealth Plus ( Plan No.: 801)

2010-02-08T07:10:00.000-08:00

Lic’s Wealth Plus Plan (801)
LIC’s New Plan Wealth Plus Plan (801) on Feb 09, 2010.
Wealth Plus Unit Linked Plan having a Term of 8 years.
Single Premium and Regular Premium with a Payment term of 3 years
Wealth Plus Plan will be available for three months from 9th February.
Eligibility Conditions and Restrictions :
Minimum Entry Age : 10 years (Completed)
Maximum Entry Age : 65 years ( Nearest Birthday)
Term : 8 years
Premium Paying Term : Single or 3 years
Mode : Single, Yearly, Half Yearly, Quaterly
Minimum Premium Single : Rs.40000 (and above)
Minimum Premium Regular : Rs.20000 (Yearly) for three years.
Extended Life Cover : 2 Years After Completion of Policy Term
Partial Withdrawale Facility : Available After 3 Years
Lock In Period : 3 Years
Risk Cover (SinglePremium) : Minimum-1.25 Times, Maximum–5 Times (Age Based)
Risk Cover (RegularPremium): Minimum- 5 Times, Maximum – 10 Times (Age Based)
Accidental Rider Benefit : Rs.0.50 per thousand risk cover
Maturity Benefit :

Wealth Plus Plan guarantees to pay you the highest NAV reached in the first 7 years of its term or the 8 th year NAV which ever is higher.
Death Benefit :

1. On Death during the Policy Term is Sum Assured + Fund Value will be Paid
2. On Death After Maturity With in 2 years Sum Assured will be Paid.
Surrender Charges :

There are no surrender charges in this plan. You can surrender even within three years, but the amount will be only paid after three years.

Partial Withdrawals :
Under Wealth Plus Plan Partial Withdrawals are allowed after 3yrs, withdrawals can be made twice in a year after three years from commencement of your plan. No Top-ups allowed.
Highest NAV :

As maturity benefit you are offered the highest NAV for your units in the fund, if you complete the term of 8 years under the plan.

Lic's - Jeevan Nischay ( Plan No.: 199)

2009-10-29T07:06:00.000-07:00

JEEVAN NISCHAY (PLAN NO.-199)
(Single Premium Plan With Guaranteed Returns)
Available From 29/10/2009 To 31/03/2010
"Jeevan Nischay" is a single premium plan available only for existing policy holders of LIC. It will be accepted on Non-Medical basis & income tax rebate shall be available under this Plans.
Other features:-

Min Entry Age:- 18 years (Completed)
MaxEntry Age:- 50 years (Not Beyond this Date)
Min Single Premium:-Rs.10,000/-( Ten thousand )
Max Single Premium:-Rs.10 lakh
Policy Terms:- 5 yr., 7yr., 10yr.

Death Benefit:-

On death in first year :- 5 times the single premium
On death after 1 year :- Maturity Sum Assured
On death in last Policy year :- Maturity Sum Assured + Loyality Addition

Maturity Banefit :- Maturity Sum Assured + Loyalty Addition
Maturity Sum Assured :- Maturity Sum Assured rate per thousand single premium are given in Annexure -1
Incentive for Large Premium:-
Premium----------------------------Increase in Maturity Sum Assured---------
-----------------------------------(As % Of Tabular Maturity SA)-----------
-------------------------5 Years--------------7 Years----------------10Years
10,000-24,999------------NIL------------------NIL--------------------NIL----
25,000-49,999------------3% ------------------3.75%------------------4.5%---
50,000-99,999------------4% ------------------5.25%------------------6.5%---
1 lakh & above-----------5.25%----------------6.75%------------------8.5%---

Loan & Surrender :- Loan & Surrender shall be available after 1year.

Example - Age 25years-Single Premium - 1 lakh
Term 5yrs.-Term 7yrs.-Term 10yrs.
Maturity Benefit-Maturity Benefit- MaturityBenefit
Maturity SA-1,32,194-Maturity SA-1,50,410-Maturity SA-1,86,186
--Plus-----------------Plus-----------------Plus--------------
Loyality Addition-Loyality Addition-Loyality Addition

Saving and Investment

2009-03-16T08:34:00.000-07:00

Lic’s Jeevan Varsha, Money Back Plan (Plan No.196)

2009-02-28T08:06:00.000-08:00

Jeevan Varsha

LIC’s Jeevan Varsha is a close ended Money Back Plan with Guaranteed Additions. The plan provides for periodical payments of a proportion of Sum Assured at specified durations, on survival during the term of the policy and on maturity. The Plan provides for payment of Sum Assured on death. Guaranteed Additions are payable on death and Maturity. Loyalty Additions may also be payable during the last year of the policy on both maturity and death.
The plan will be open for purchase from 16th February, 2009 to 31st March, 2009.
ELIGIBILITY CONDITIONS
Minimum Entry Age: 15 years (completed)
Maximum Entry Age: 66 years (Nearest Birthday) for 9 years term policy

63 years (Nearest Birthday) for 12 years term policy
Policy Term : 9 years & 12 years
Premium Paying Term: 9 years
Maximum Maturity Age: 75years (Nearest Birthday)
Minimum Sum Assured: Rs. 75,000/- for monthly ECS mode
: Rs. 50,000/- for other modes
Maximum Sum Assured: No limit
(Sum Assured shall be in multiples of Rs.5,000/-)
PREMIUM PAYMENT MODES: Yearly, Half-Yearly, Quarterly, Monthly (by ECS mode only).
SAMPLE PREMIUM RATES
Tabular Annual Premium per 1000 SA
AGE/TERM-----------9------------12

20--------------------161.85 -------165.00
25--------------------161.90-------165.10
30--------------------162.05-------165.30
35--------------------162.45-------165.85
40--------------------163.20-------166.90
45--------------------164.60-------168.65
50--------------------166.95-------171.50
MODE REBATE
Yearly mode: 2% of Tabular Premium
Half-yearly mode: 1% of the tabular premium
HIGH SUM ASSURED REBATES
Sum Assured (in Rs) Rebate per thousand Sum Assured
Less than Rs.1, 00,000/- Nil
Rs 1,00,000 and above but less Rs 2.00
than Rs.200000
Rs 2,00,000 and above but less Rs 3.50
than Rs.500000
Rs. 500000 and above Rs 5.00
LOAN: Loan is available under the plan after the policy acquires paid-up value.
GRACE PERIOD:A grace period of one month but not less than 30 days will be allowed for payment of yearly or half yearly or quarterly premiums and 15 days for monthly premiums.
If death occurs within this period and before the payment of the premium then due, the policy will still be valid and the Sum Assured shall be paid after deduction of the said premium as also unpaid premiums falling due before the next Policy anniversary. If premium is not paid before the expiry of the days of grace, the Policy lapses.
REVIVAL
Subject to production of satisfactory evidence of continued insurability, a lapsed policy can be revived by paying arrears of premium together with interest within a period of five years from the date of first unpaid premium but before maturity. The rate of interest applicable will be as fixed by the Corporation from time to time.
The Corporation reserves the right to accept at original terms, accept with modified terms or decline the revival of a discontinued policy. The revival of the discontinued policy shall take effect only after the same is approved by the Corporation and is specifically communicated to the Life Assured.
PAID UP VALUE:
If after at least 3 full years premiums have been paid in respect of this policy and any subsequent premium be not duly paid, this policy shall not be wholly void, but shall subsist as a paid-up policy for a reduced sum.
The Sum Assured of the policy shall be reduced to such a sum (called paid-up value), as shall bear the same proportion to the full Sum Assured as the number of premiums actually paid bears to the total number of premiums stipulated for in the policy , less any survival benefit paid.
The policy so reduced shall, thereafter be free from all liability for payment of the premiums, but shall not be entitled to the Guaranteed Additions from the due date of first unpaid premium. However, the accrued Guaranteed Additions will remain attached to the reduced paid-up policy.
Notwithstanding the benefits available under a fully in force policy, in the case of a reduced paid up policy, no survival benefits shall be payable and the paid-up value along with the accrued Guaranteed Additions, if any, shall be payable only in lump-sum on the expiry of policy term or death of life assured, if earlier.
SURRENDER VALUE:
The Guaranteed surrender value will be available after the expiry of 3 policy years, provided the premiums have been paid for at least three years. The guaranteed surrender value allowable under this policy is equal to 30 percent of the total amount of the premiums paid excluding the premium for the first year, all extra premiums that may have been paid and the amount of survival benefits paid earlier.
The cash value of any existing guaranteed additions will also be paid.
Corporation may, however, pay special surrender value as the discounted value of Paid up sum assured and Guaranteed Addition, as applicable on date of surrender, provided the same is higher than guaranteed surrender value.
EXCLUSIONS:
Suicide: This policy shall be void if the Life Assured commits suicide (whether sane or insane at that time) at any time on or after the date on which the risk under the policy has commenced but before the expiry of one year from the date of commencement of risk under the policy. In case of death due to suicide during this period the Corporation will not entertain any claim by virtue of this policy except to the extent of a third party’s bonafide beneficial interest acquired in the policy for valuable consideration of which notice has been given in writing to the branch where the Policy is being presently serviced (where the policy records are kept), at least one calendar month prior to death.

Benefit :

Provided the policy is in force during the term of the contract the following benefits are payable.
Survival Benefits:
For 9 Years Policy Term
15% of the Sum Assured is payable at the end of 3 years.
25% of the Sum Assured is payable at the end of 6 years.
60% of the Sum Assured is payable together with Guaranteed Additions, and Loyalty Addition, if any, at the end of 9 years.
For 12 Years Policy Term
10% of the Sum Assured is payable at the end of 3 years.
20% of the Sum Assured is payable at the end of 6 years.
30% of the Sum Assured is payable at the end of 9 years
40% of the Sum Assured is payable together with Guaranteed Additions, and Loyalty Addition, if any, at the end of 12 years.
Death Benefit:
In case of death of the life assured during the policy term, the full sum assured is payable irrespective of the survival benefits paid earlier.
On death during the policy term excluding last policy year: Sum Assured with accrued Guaranteed Additions
On death during last policy year: Sum Assured with accrued Guaranteed Additions along with Loyalty Addition, if any.
Guaranteed Addition :
The policy provides for Guaranteed Addition at the following rates:
Rs. 65 per thousand Sum Assured per year for a policy of 9 years term.
Rs. 70 per thousand Sum Assured per year for a policy of 12 years term.
Loyalty Addition:
Depending upon the Corporation’s experience the policy will be eligible for Loyalty Addition on the Life Assured surviving the stipulated date of maturity or on the Life Assured’s death during the last policy year at such rate and on such terms as may be declared by the Corporation.

STAR Health Super Surplus Insurance

2009-02-07T08:10:00.000-08:00

Life is full of the unexpected. However, when you are well prepared, you can be in control even under the most unexpected circumstances. Star Health Insurance brings you Super Surplus Health Insurance., which offers you much more coverage than the traditional insurance policies. This means you can rest assured and be confident of facing any unfortunate health eventuality in the family- like sudden illness.
Star Super Surplus is an health insurance policy that offers much more protection! Wider Coverage option of Rs. 7 lacs and Rs. 10 lacs at surprisingly low premiums.
Major product features

The policy offers an improved coverage benefit of wider protection at a lesser price. Cover options - for Rs. 7,00,000 & Rs. 10,00,000.

Policy Benefits

Hospitalisation Cover - This would cover the insured person for in-patient hospitalisation expenses provided the insured person is hospitalized for a minimum of 24 hours. These expenses include room rent up to a maximum of Rs.4000 per day.
No ceiling on ICU, medicine, diagnostic charges or consultation fee
Boarding and nursing expenses
Surgeon's fees, Consultant's fees and Anaesthetist's fees
Cost of blood, oxygen, diagnostic expenses, cost of pacemakers etc.
Cost of medicines and drugs

Policy details & premium

Any person aged between 5 months and 65 years can take this insurance upto a maximum sum insured of Rs. 10,00,000/-.

Option--------- Sum insured(Rs.)--------- Premium(Rs.) for individuals
i ------------------7,00,000------------------------- 3,000
ii -----------------10,00,000------------------------ 4,000
Note:
*Compulsory deductible- Rs. 300,000 for all options
*Service Tax extra
Tax benefit
Premium paid by cheque/credit card for this insurance is eligible for relief under Section 80D of the IT Act.
Claims procedure

Call the Star Health 24 hour help-line to register the details of hospitalization.
Kindly mention your Star Health ID number for easy access to your policy details.
In case of a planned hospitalisation, please register 24 hours prior to admission to the hospital
In case of emergency hospitalisation, please regiser within 24 hours of hospitalisation
In all network hospitals, the cashless facility on payments can be availed
For treatment in non-network hospitals, payments must be made up-front to the hospital.
Reimbursement of the expenses will be effected by Star Health, on submission of the necessary documents.

Exclusions

Expenses on treatment of Pre-Existing Diseases/ conditions
Expenses during the first 30 day period from the date of commencement of the policy (other than accident cases)
Naturopathy treatment/ Cosmetic treatments
Expenses that are purely diagnostic
Non-Allopathic treatments
Treatment of congenital defects/anomalies

How to buy this insurance?Please contact us through our
Advisor Sudhansh Arora
[I.R.D.A. License Holder.]
Email : justyourmoney@gmail.com
Phone : 9999732859 Mobile : 9999972859Address: F-1/18,F-Block Mkt,
Sector-12,Near Water Tank,
Noida-201301

Lic’s Jeevan Aastha (Plan No.195)

2009-02-06T04:26:00.000-08:00

Lic’s Jeevan Aastha (Plan No.195)
A single Premium Assurance Plan
With Guaranteed Additions And Loyalty Additions
Benefits
a) Death Benefit :
On death during the first policy year : Basic Sum Assured with Guaranteed Addition.On death during the policy term after first policy year, excluding last policy year: 1/3rd of Basic Sum Assured with Guaranteed Addition.On death during last policy year : 1/3rd of Basic Sum Assured with Guaranteed Addition along with loyalty Addition, if any.
b) Maturity Benefit :
On maturity, the Maturity Sum Assured along with Guaranteed Addition and loyalty Addition, if any,shall be payable Maturity Sum Assured shall be 1/6th of Basic Sum Assured.
c) Guaranteed Addition :
The policy provides for Guaranteed Addition at the following rates:· Rs.100 per thousand of Maturity Sum Assured per year for a policy of 10years term.· Rs.90 per thousand of Maturity Sum Assured per year for a policy of 5years term.
d) Loyalty Addition :
Depending upon the Corporation’s experience with regard to policies issued under this plan the policy will be eligible for loyalty Addition on death during the last policy year or on the Life Assured surviving the stipulated date of maturity at such rate and on such terms as may be declared by the corporation.
Eligibility Conditions and Restrictions
a) Minimum Entry Age : 13 years (Completed)
b) Maximum Entry Age : 60 years ( nearest birthday)
c) Minimum Basic Sum Assured : Rs.150,000
d) Maximum Basic Sum Assured : No LimitThe basic sum assured shall be available in multiples of Rs.30,000.
e) Policy Term : 5 or 10 years.
Mode of Premium Payment : Single Premium
Rebates
Large Sum Assured Rebate on tabular premium per thousand Basic Sum Asured
Basic Sum Assured 5 years 10 years
Below Rs.3,00,000 Nil NilRs.
3,00,000 to 5,99,999 Rs.2.00 Rs.3.00
Rs.6,00,000 to Rs.11,99,999 Rs.2.50 Rs.3.50
Rs.12,00,000 and above Rs.3.00 Rs.4.00
Guaranteed Surrender Value : Available
Facility of Loan at notional rates
Provision of Loyalty Addition
Back Dating Allowed Assignments Allowed

Life Insurance of India (LIC)

2009-02-06T03:20:00.000-08:00

LIC Products (Policies)

Whole Life Policy, Endowment Policy, Term Policy, Money Back Policy, Joint Life Policy, Children's Policy, Pensions Plans or Annuities, Women's Policy, Special Plans, Group Insurance Policy are some of the policies from the LIC of India.

Jeevan A nan d

This plan from LIC India is a combination of the Whole Life Plan and the most popular Endowment Assurance Plan. The Jeevan Anand plan provides the pre-decided Sum Assured and Bonuses at the end of the stipulated premium paying term, but the risk cover on the life continues till death.

Komal Jeevan
The Komal Jeevan plan is specially made for the children between age of 0 to 10 years. This paln guarantees a return @ 7.5 % p.a on Sum Assured. Premium payments are limited upto the 18 years of the child. Special Benefits can be added to the policy to ensure FINANCIAL SECURITY of your child even in your absence.

LIC Endowment Policy

The Endow ment Assurance Policy

The En do wment Assurance Policy-Limited Payment

Jeevan Mit ra(Double Cover Endowment Plan)

Jeevan Mitra(Triple Cover Endowment Plan)

Jeevan Anand

NewJanaraksha Plan

Jeevan Am rit

Jeevan Aastha

LIC Money Back Policy

The Mon ey Back Policy-20 Years

The Money Back Policy-25 Years
Jeevan Surabhi-15 Years