ICICI Prudential iCare

Invest In Tax Saving Mutual Funds Online

Download Tax Saving Mutual Fund Application Forms

Buy Gold Mutual Funds

Call 0 94 8300 8300 (India)

ICICI Pru iCare


	Eligibility

Entry Age (years)

Minimum		18

Maximum		65

Maximum Maturity Age (years)		75

Policy Variants		Option 1: Sum Assured Option 2: Sum Assured + Accident Death Benefit Rider (sum asured equal to base plan sum assured subject to a maximum limit of Rs 50 lakh)

Policy Term (years)

Minimum		5

Maximum		30

Sum Assured (Rs)

Minimum		Subject to minimum premium limit

Maximum		1.5 crore for 18- 50 yrs of age; 70 lakhs for 51-65 yrs of age

Minimum Premium (Rs)

Yearly		3000

Premium Payment Frequency		Regular pay (yearly), one pay option for 5 and 10 year policy terms

Premium Payment Term		Equal to policy term or Single

Policy Cover		Cover remains fixed for the tenure of the policy

Other Features

Free Look Cancellation		In case, you are not satisfied, you may choose to cancel the policy within 15 days of receiving the policy documents. Upon such cancellation, you will be paid back the premiums, minus the cost of stamp duty, medical reports and proportionate premium for the period for which the risk was covered.

Grace Period		You are allowed to pay premiums within 30 days from the due date. If a due premium is not received within the grace period of 30 days, your policy will lapse and the life insurance cover, including the rider cover, if any, will be terminated.

Lapsed Policy Reinstatement		You can reinstate your lapsed policy any time (within 2 years from the due date of the first unpaid premium) by paying all the due premiums and undergoing underwriting requirements, if any.

Tax Benefits		Section 80C, 10 (10D) of the Income Tax Act, 1961 would apply. Premiums paid for Dread Disease Rider may qualify for deduction under Section 80D of the Income Tax Act, 1961.

Exclusions		In case of death by suicide during the first policy year, or within one year from the date of reinstatement, no death benefit is payable. Further, if the Life Assured under the policy, whether medically sane or insane, commits suicide, within one year of exercising the option to increase the Sum Assured, then the amount of increased Sum Assured will not be considered in the calculation of the Death Benefit

Surrender Value		70% x Single Premium x (Number of complete policy years outstanding / Policy term)

Customer Service

Address		ICICI Pru Life Towers, 1089 Appasaheb Marathe Marg, Prabhadevi, Mumbai 400025. Tel.: 40391600

Mail To		lifeline@iciciprulife.com

Call On		18602667766 between 9 am to 9 pm; Monday to Saturday (except National holidays)

SMS		SRV to 56767

Additions to the Plan

Available Rider(s)		Accidental Death Benefit Rider (ADB): covers death due to accident

Rider Conditions

Entry Age (years)

Minimum		18

Maximum		65

Maximum Maturity Age (years)		75

Rider Term (years)

Minimum		5

Maximum		30

Sum Assured (Rs)

Minimum		50000

Maximum		Equal to Sum assured up to a maximumof Rs 50 lakh


	Objective		This policy can help insured's family tide over financial turmoil in his absence.

What does it do?		This online plain term plan pays sum assured to the beneficiary in the event of death of the insured. ICICI Pru iCare offers two optional death benefits to choose from: Option I: In case of death of the life insured, the nominee will receive sum assured. Option II: If death occurs due to an accident, apart from the basic sum assured, this option can pay additional death benefit equal to the sum assured or Rs 50 lakh, whichever is lower. The policy doesn't pay any maturity value on survival. Policies following regular premium payment option cannot be surrendered, but those with single premium option can be surrendered after a year. The surrender value is calculated using the pre specified formula.

Pros		The policy offers higher sum assured to those with an outstanding home loan. There is an option to add accidental death benefit. The policy offers lower premium rates to women. Premiums paid qualify for tax deduction.

Suited for		This plan can save cost due to elimination of intermediaries, if you buy the policy online.

Our View		A simple term policy is recommended for everyone who has dependents. Accidental death option can be taken if you think its needed. However, it is not a replacement of personal accident policy as that can provide disability benefit as well. If you have an apt personal accident policy you can go with Option 1 of this policy.

Happy Investing!!

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

Leave your comment with mail ID and we will answer them

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 )

ICICI Prudential Tax Plan Invest Online

HDFC TaxSaver Invest Online

DSP BlackRock Tax Saver Fund Invest Online

Reliance Tax Saver (ELSS) Fund Invest Online

Birla Sun Life Tax Relief '96 Invest Online

IDFC Tax Advantage (ELSS) Fund Invest Online

SBI Magnum Tax Gain Scheme 1993 Invest Online

Sundaram Tax Saver Invest Online

Edelweiss ELSS Invest Online

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

Best Performing Mutual Funds

Largecap Funds Invest Online

DSP BlackRock Top 100 Fund

ICICI Prudential Focused Blue Chip Fund

Birla Sun Life Front Line Equity Fund

Large and Midcap Funds Invest Online

ICICI Prudential Dynamic Plan

HDFC Top 200 Fund

UTI Dividend Yield Fund

Mid and SmallCap Funds Invest Online

Reliance Equity Opportunities Fund

DSP BlackRock Small & Midcap Fund

Sundaram Select Midcap

IDFC Premier Equity Fund

Small and MicroCap Funds Invest Online

DSP BlackRock MicroCap Fund

Sector Funds Invest Online

Reliance Banking Fund

Reliance Banking Fund

Tax Saver MutualFunds Invest Online

ICICI Prudential Tax Plan

HDFC Taxsaver

DSP BlackRock Tax Saver Fund

Reliance Tax Saver (ELSS) Fund

Gold Mutual Funds Invest Online

Relaince Gold Savings Fund

ICICI Prudential Regular Gold Savings Fund

HDFC Gold Fund

Mutual Fund Review: Taurus Tax Shield

Taurus Tax Shield has seen a turnaround in performance since 2007, but still remains a volatile offering… The fund has seen a turnaround in its performance since 2007 and has delivered impressively during market rallies since then. The portfolio is also more diversified. It contained its downfall to an average level in 2008 but is still one of the most volatile offerings in this category. Bold investors can look at this fund. Strategy The fund manager invests across the market capitalisation and sectors. The selection of stocks is made on the basis of long-term business prospects and value creation. Fund Insight Launched in March 1996, the fund was a laggard with just two annual outperformances. Concentrated stock bets and high exposure to mid and small caps led to it being hit harder during market downturns. The number of stocks in the portfolio never exceeded 20 and it was not rare to see the top 5 holdings account for around 60 per cent of the portfolio. After b...

AXIS Long Term Equity Fund - The Best Tax Saver Fund for 2016

AXIS Long Term Equity Fund - Invest Online History: The open ended mutual fund was launched on December 21 in the year 2009. It is benchmarked against BSE 200 and managed by the fund manager JINESH GOPANI. Initially the scheme was called as Axis tax saver fund but later it was renamed as Axis long term equity fund with effect from September 2, 2011. Nature of investment: As far as asset allocation is concerned, 97.52% of the stocks are equity and 0.02% is debt based. The primary focus of the fund is to invest in diversified equity stocks that have higher growth potential. Total asset size of the fund is in the tune of 4,996 CRORE as of June 30, 2015. Performance: The performance of the fund for one year, 3 years and 5 years are 23.6%, 29.9% and 19.1 respectively which are far greater than 6.4%, 14% and 5.6% benchmark figures. It has also preformed fairly well against SBI magnum Tax Gain (G) and HDFC tax saver (G). The growth comparison is enumerated below; ...

10 year NSC launched, all set to give 8.7 per cent

Invest in Mutual Funds Online Download Mutual Fund Application Forms THE government introduced a 10-year National Savings Certificate ( NSC ), which will earn an interest rate of 8.7 per cent per annum. The notification for the launch of the new savings instrument, 10-year National Savings Certificate (IX-Issue), 2011, has been issued, an official statement said. The scheme will come into effect from December 1, it added. Investments in NSC will earn interest at the rate of 8.7 per cent compounded semi-annually, it said, adding that on an investment of Rs 100, the depositor will get Rs 234.35 on maturity of the NSC. There is no upper limit for investment in the certificate, it added. The new scheme will give better returns along with tax benefit to savers. At present, the maturity period of NSC is six years and it qualifies for tax relief for investment up to Rs 1,00,000 under Section 80C. The decision to raise the maturity period of NSC has been taken on the b...

Health insurance guide - Part I

Insurance, by definition, is morbid. What if I die suddenly? What if my home caught fire? What if I had to undergo expensive medical treatment? What if something that I thought happened only to others befell me? Insurers, who work with large samples, calculate the probability of such an event and, hence, the possibility of them having to pay out a sum of money to mitigate, to the extent possible, the effects of that disaster. However, the possibility of you undergoing some kind of expensive medical treatment during your lifetime is far more likely than you dying suddenly or your house burning down. Given that costs at private healthcare facilities, where you are most likely to land up, is high, and, doubling every four years 10 months or so, the rest of your money life could easily go out of whack if you had to incur such expenses. Just 12 per cent of India's population is covered with some sort of health insurance. Pared to the bone, for a comparatively small price, health insu...

IDFC Classic Equity Fund

Invest In Tax Saving Mutual Funds Online Download Tax Saving Mutual Fund Application Forms Buy Gold Mutual Funds Call 0 94 8300 8300 (India) IDFC Classic Equity Fund IDFC Classic Equity is a large-cap equity fund which currently has assets under management worth Rs. 158.52 crore. It was launched in August 2005. The fund is benchmarked against the BSE-200 Index. Performance YTD 1-Year 3-Year 5-Year Since Inception IDFC Classic Equity 0.93 26.61 6.30 1.01 11.65 BSE 200 1.52 17.31 6.00 1.99 12.98 All figures in % as on January 31, 2013; Returns above one-year in CAGR terms ...

Invest in Tax Saving Mutual Funds	Download Any Applications
Transact Mutual Funds Online	Invest Online
Buy Gold Mutual Funds	Invest Now

Invest in Tax Saving Mutual Funds	Download Any Applications
Transact Mutual Funds Online	Invest Online
Buy Gold Mutual Funds	Invest Now

Prajna Capital - An Investment Guide

Search This Blog