Skip to main content

Cheap Insurance Covers

Invest In Tax Saving Mutual Funds Online

Call 0 94 8300 8300 (India)

 

 



Some products and services have insurance covers most buyers don't know about. The best part is, usually, these are free or quite cheap.

 

For example, there are covers given along with liquefied petroleum gas (LPG) cylinders, up to a whopping ₹ 40 lakh in case of loss of life or damage to property due to cylinder explosions.

 

Though there are a number of LPG cylinder explosions, causing loss to life and property, no one seems to be aware of an insurance cover available for LPG consumers in such cases.

 

Here's what the Hindustan Petroleum Corporation (HPCL) website says: All registered HP gas consumers are insured against the outcome of an accident at their registered premises due to LPG. Details are available with all the distributors and the customer service cell. HPCL has also taken a public liability insurance policy. All other oil marketing companies (OMCs) have purchased these covers for their customers.

 

But dealers do not bother to inform customers. It is a group cover bought by OMCs for LPG customers," said a Bharat Petroleum Corporation Ltd (BPCL) spokesperson.

 

Dealers have to pay the premium to insurance companies. Consumers don't have to pay for the insurance cover at all. The BPCL spokesperson said as and when accidents were reported, the process of providing insurance claim was undertaken. But experts say the number of claims filed every year is minuscule. The scheme provided personal- accident cover to third parties and customers and also covered property damage at customer premises, according to the policy, the spokesperson added.

 

To claim this insurance, one has to contact the distributor and file a claim. Within 30 days of the insurance company completing its survey, the money will be paid. However, one has to keep certain things in mind. For instance, if you do not use accessories (gas pipes, regulator, etc) with ISI marks, you may be denied the claim amount. Request your gas dealer for a maintenance check on an annual basis. You will lose the claim money if a maintenance check hasn't been conducted. Also, keep the maintenance check receipt as proof.

 

 

Protecting buyers

 

White- good manufacturers offer insurance protection against the risk of loss or damage to domestic appliance(s) one buys. The cover is provided against electrical or mechanical breakdown and comes under the purview of home appliance insurance. One can get this on single appliances, too. These covers are common during festive seasons. Though these are made to look free, the appliance cost includes apercentage of insurance cost, around ₹ 100- 200.

 

Otherwise, these are offered selectively and sometimes openly charged for, too. Some feel instead of buying a policy for one or two products from the manufacturer, shopping for a householder's policy on your own will secure a higher cover for less.

 

Also, one has to be careful with the cover provided by the manufacturer.

 

Some plans allow you to choose any service centre, while others may allow only select ones. And, some plans allow an individual to choose his/ her own replacement unit, while others allow one to choose from a list of units provided by them.

 

Third party liability for travelling

 

As third- party motor insurance is mandatory for all private and commercial vehicle owners,

All commercial vehicles own third- party liability covers for commercial vehicles. If passengers on any of these vehicles die or are injured, claims can be made under the commercial third- party cover. According to experts, passengers are covered for ₹ 5- 10 lakh each. Till 2008, Indian Railways also provided a separate cover for passengers.

 

Since then, the Railways hasn't bought insurance. It had a passenger insurance scheme, through which ₹ 4 lakh was provided in case of death. In injuries resulting from train accidents or any untoward incident, passengers were given ₹ 32,000- 4 lakh.

 

 

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 Pru Mutual Fund Dividend

ICICI Prudential Mutual Fund has announced dividend under the following schemes: Scheme Dividend ( Rs /unit) ICICI Pru Capital Protection Oriented Ser V Plan B-D 0.03611325 ICICI Pru Capital Protection Oriented Ser V Plan B Direct-D 0.03611325 ICICI Pru Balanced Advantage Direct-DM 0.06 The record date has been fixed as February 08, 2017. ------------------------------ ------ Invest Rs 1,50,000 and Save Tax upto Rs 46,350 under Section 80C. Get Great Returns by Investing in Best Performing ELSS Funds Top 4 Tax Saver Mutual Funds for 2017 - 2018 Best 4 ELSS Mutual Funds to invest in India for 2017 1. DSP BlackRock Tax Saver Fund 2. Invesco India Tax Plan 3. Tata India Tax Savings Fund 4. BNP Paribas Long Term Equity Fund Invest in Best Performing 2017 Tax Saver Mutual Funds Online Invest Best Tax Saver Mutual Funds Online Download Top Tax Saver Mutual Funds  Application Forms For further information contact  SaveTaxGetRich on 94 8300 8300 ------------------------------ ------ Leave y...
Read more

What is Financial Freedom?

Invest In Tax Saving Mutual Funds Online Download Tax Saving Mutual Fund Application Forms Buy Gold Mutual Funds Call 0 94 8300 8300 (India)     There were many things common between our Freedom fighters. All had the Single vision (Free India), common goal (independence) and had a disciplined and focused approach. They were ready to do anything and everything and had made so many sacrifices to see India free . But the road to freedom was not easy .They had faced lot many hardships, went to jail so many times and even confronted physical and mental torture from the British. There was one more thing which proved to be an advantage to our fighters that most of them were professional lawyers. The knowledge of legal issues and its impact on our country at large has helped them counter various bills and proposed new laws by the then government. It is due to their continuous effort that we are able to achieve the goal of Independent Indi...
Read more

Hidden Bank Fees

  What Banks Hide From Customers Imagine after a peaceful and exciting holiday you receive your bank statement with steep charges. You then rush to your bank and start confronting staff members and to your dismay, you come to know that the high end debit card was charged very heavily. Wouldn't this cause damage to your finances? So remember, the world outside is full of deceptive and double cheating people. Unethical practices are always used by company sales person in order to meet the target. Credit card companies, mutual funds and bank institutions always play dirty tricks to lure customers and the practices are rampant. So here's how you should be careful while dealing with your banks: High End Debit Card Charges While opening an account with a bank you opt for a debit card with minimal charges. But later on when you upgrade your card and opt for high end debit card the annual charge rise by a good amount. Though such a card has slew of features but it all comes at a high ...
Read more

Updating a minor PAN card upon becoming adults

  Updating a minor's PAN card once they become adults A PAN card issued in the name of a minor does not contain the minor's photograph or signature, and therefore, cannot be used as a valid proof of identity. Once a minor PAN card holder turns 18, the relevant changes must be made in the PAN records. A new card is then issued bearing a photograph and signature. Application The applicant is required to fill up the "Request for new PAN card andor changes or correction in PAN data" form. The form can be filled up online by accessing NSDL's Tax Information Network website and clicking on the online PAN application tab. Information The applicant must mention the existing PAN number in the application and check the `photo mismatch' and `signature mismatch' boxes, and submit the online form. The form must also be printed out, signed by the applicant, and submitted along with two photographs. Documents Identity and address proof in the form of a copy of the app...
Read more

Partial withdrawal from PPF

  Public Provident Fund (PPF) account has a lock in period   If you opened a PPF account to meet your retirement needs,, think twice about withdrawing from this fund before retirement. But provided it's an emergency here are the rules. Public Provident Fund (PPF) account has a lock in period before which you cannot withdraw your money.   The partial withdrawal is allowed after the completion of 6 financial years . This means that you will be allowed a partial withdrawal from 1 April 2017. The maximum partial withdrawal allowed is the least of the following: 50 percent of the account balance at the end of fourth financial year, 31 March 15 50 percent of the account balance of the end of previous financial year, 31 March 17.   There's a loan option available on your PPF account between the fourth and the sixth financial year. You can obtain a loan of up to 25 per cent of the balance in your account. However, this will attract interest of 2 percent more than the prevailing ...
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