Skip to main content

HDFC ERGO Individual Personal Accident – Revive

Invest In Tax Saving Mutual Funds Online

Call 0 94 8300 8300 (India)

HDFC ERGO Individual Personal Accident – Revive

Objective

A personal accident policy that allows to extend coverage to include spouse, children and/ or parents under the same policy.

 

Suited for

This policy is suitable for those who want to include all family members under one accident policy.

 

What does it do?

This is a personal accident policy that can be either bought as an individual policy for oneself or as a family policy that covers your spouse and children as well. It allows to cover your parents under the same policy. It covers accidental death, permanent disablement, broken bones and burns. It provides a daily cash benefit up to the maximum number of days mentioned in policy schedule. Ambulance cost is also covered.

 

Pros

Family discount on covering two or more members is available.
Parents can be covered.
5 per cent bonus for each claim-free year is available.
This policy can be bought online through company's website.

 

Cons

Policy benefits for parents(if covered) are limited to pre- decided levels.
This policy does not cover temporary disablement.
There is no taxation benefit.

 

Our View

A standalone personal accident cover is a must for those exposed to any type of accidental risks, be it driving on road or working in a factory. Option to include parents makes this policy stand out. However, including parents should be considered only if they are exposed to the accidental risk and really require this type of cover.

 

Eligibility

Entry Age (years)

Minimum

18; 3 Months for Children

Maximum

65 for self and 70 for parents(if opted for Family Package Cover); 21 for Children

Maximum Policy Renewal Age (years)

65

Coverage Type

Self/ Self & Family/ Self + Dependent parents/ Self & Family +Dependent Parents

Policy Term (years)

1

Sum Insured (Rs)

Maximum

15 lakh

Minimum

2.5 lakh

Discount

Family discount of 10% if 2 or more members are covered

No Claim Bonus

5% for each claim free year upto maximum of 50% of initial Sum insured. On acceptance of claim during any policy year, cumulative bonus will be reduced by 10% in subsequent policy year.

Pre Policy Medical Check Up

Not required

Grace Period for Policy Renewal

15 days

Policy Termination

Insurer may cancel the policy by giving a 30 days written notice to policyholder. Policyholder may also cancel the policy at any time by giving a 30 days written notice to insurer. In case policyholder cancelling the policy, a certain percentage of premium would be refunded on prorata basis.

Customer Service

Address

HDFC ERGO General Insurance Company Limited 6th floor, Leela Business Park, Andheri-KurlaRoad Andheri East, Mumbai 400 059; Registered Office: Ramon House, HT Parekh Marg 169, Backbay Reclamation, Mumbai 400 020

Mail to

care@hdfcergo.com

Call to

1800 2 700 700

 

Scope Of Cover

Self Plan

Family Plan

Accidental Death (within 12 months post accident)

covered upto 100% of Sum insured

100% of Sum Insured for Self or spouse and 10% for children

Permanent Disablement (within 12 months post accident)

pays upto 100% of Sum Insured

100% of Sum Insured for Self or spouse and 10% for children

Emergency Ambulance

covered; it pays Rs 1500 for Sum Insured upto Rs 10 lakh and Rs 2000 for Rs 15 lakh Sum Insured

no discretion of coverage

Broken Bones

pays upto 10% of Sum Insured

pays upto 10% of Sum Insured for self or spouse. No payout for children

Hospital Cash- Accident and Sickness

Rs 250 per day for Sum Insured upto Rs 7.5 lakh and Rs 500 per day for higher Sum Insured. Daily Cash Benefit is realised only if need of hospitalisation arises within one month following the date of accident. There is a time deductible of 3 days

Same entitlement for self or spouse and 50% of entitlement for children

Burns

Second and third degree burns caused whilst on a common carrier are covered upto maximum of Sum Insured

100% of Sum Insured for Self or spouse. No payout for children

Add On Coverage for parents (requires payment of additional premium)

Dependent parents Cover

Accidental Death

Covered upto maximum of Rs 2.5 lakh

Permanent Disablement

Broken Bones

Covered upto maximum of Rs 50000

 

Exclusions and Waiting Period

General Exclusions

Self inflicted bodily injury Bodily injury due to driving two wheeler of more than 150 ccEngagement in any illegal or criminal activitiesEngagement in adventurous acts such as parachuting, bunjee jumping etc.Bodily injury arising as aresult of terrorismbodily injury or disease caused as a result of HIV/ AIDS or any related condition

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

Popular posts from this blog

ICICI Prudential Dynamic Plan Invest Online

Download Tax Saving Mutual Fund Application Forms Invest In Tax Saving Mutual Funds Online Buy Gold Mutual Funds Leave a missed Call on 94 8300 8300   ICICI Prudential Dynamic Plan             Invest Online This fund does remarkably well during falling markets, but fails to show the same prowess during a rising market. The fund sticks to its mandate to adapt to the dynamic nature of the market by shuttling between debt and equity. It takes aggressive asset calls in equity when the market surges by investing in quality mid-cap stocks. At the same time, it adopts a defensive strategy by investing in debt and cash when markets get overvalued, making it a good long-term choice.     For further information contact Prajna Capital on 94 8300 8300 by leaving a missed call     Leave a missed Call on 94 8300 8300   Leave your comment with mail ID and we will ...
Read more

Lump Sum or SIP?

Invest Mutual Fund Online     You have a lump sum in hand and you wish to invest in equity funds. However, you have heard a lot of talk about investing in equity funds through Systematic Investment Plans (SIPs) because they help average costs, ensure you do not ill-time the market, and help you invest in small sums, besides giving you many other advantages. So, should you invest the money you have in hand in one go, or let it remain in your bank account and then do an SIP? There is no harm in investing a lump sum amount. For all you know, compounding, over the long term, could work better with lump sum. However, make sure you fulfill all of these three criteria if you want to invest in one go. Else, SIP is the way to go. #1: You invest for the long term According to past data, ideally, if you have a time frame of 12 years or more, you can consider lump sum investing (provided you satisfy the other two conditions that follow). So, what is the sanctity behind 12 years? Is it because only...
Read more

Mutual Fund Review: Reliance Regular Savings Balanced

Reliance Regular Savings Balanced fund has shown great resilience during market crash After a shaky start, this fund has established itself as a strong contender in this space. In the past three years it has ridden the market well by not only delivering during the market run-ups but also displaying resilience during the crash. In 2008, it witnessed the second lowest fall among its category and last year it was amongst the top three performers with a return of 76 per cent (category average: 61%).   The poor underperformance in 2006 can well be credited to the low equity allocation of the fund, which stood at just over 10 per cent for only four months that year. Though the fund has the leeway to go up to 75 per cent in equity, it has never touched that limit. In fact, it has exceeded 70 per cent in just five months in its entire history. During the crash of 2008, the fund managers had no problem going right down to 54 per cent (equity exposure). Fund managers Omprakash Kukian and A...
Read more

Stock Market Concepts: Derivatives and taxation

DERIVATIVES refer to an instrument, which derives its value from the value of something else — that is, an underlying asset. In India, the derivatives space has traditionally been the playground for large institutional investors who use it for hedging or for speculative activities. However, with time, we have seen a steep augmentation in the per capita income of an average Indian. Consequently, the appetite for investment in alternative instruments has transcended into the need to explore untested territories, and one of the most lucrative of all the available options, is the derivatives. Taxation Of Derivatives: Let's have a sharp overview of how taxability impacts the dealings in futures and options: Futures: Since, there is no transfer or delivery of the underlying asset in case of futures, the income or loss from it cannot be taxed under the head "capital gains". Therefore, depending upon the fact whether the assessee is a trader or an investor, the head of income...
Read more

Section 80CCD

Top SIP Funds Online   Income tax deduction under section 80CCD Under Income Tax, TaxPayers have the benefit of claiming several deductions. Out of the deduction avenues, Section 80CCD provides t axpayer deductions against investments made in specific sector s. Under Section 80CCD, an assessee is eligible to claim deductions against the contributions made to the National Pension Scheme or Atal Pension Yojana. Contributions made by an employer to National Pension Scheme are also eligible for deductions under the provisions of Section 80 CCD. In this article, we will take a look at the primary features of this section, the terms and conditions for claiming deductions, the eligibility to claim such deductions, and some of the commonly asked questions in this regard. There are two parts of Section 80CCD. Subsection 1 of this section refers to tax deductions for all assesses who are central government or state government employees, or self-employed or employed by any other employers. In...
Read more
Related Posts Plugin for WordPress, Blogger...
Invest in Tax Saving Mutual Funds Download Any Applications
Transact Mutual Funds Online Invest Online
Buy Gold Mutual Funds Invest Now