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INSURANCE FREE LOOK PERIOD



The 15-day free-look period in insurance is a customer-friendly feature. Here are what you should know about it

Give Correct Contact Info

Fill in the con tact details yourself. During the welcome call, the features of the policy are explained. If the agent has misled you, you can call for termination of the policy.

Save Date of Delivery

The free-look period begins the day you receive the policy. Make sure you retain the envelope containing the policy documents as it will have the date of delivery.

Visit Insurer for Cancelling

Do not go by oral intimation to the agent.Call up the insurer's customer care to communicate your decision to cancel the policy. Visit the insurer's office to submit application.

Don't Expect Full Refund

The insurer will refund the amount after deducting expenses for medical tests and stamp duty. If the risk cover has already come into effect, the risk premium will be deducted too.

Know ULIP Process

In case of unit linked insur ance policies, the units allotted will be repurchased by the insurer at the net asset value on the day your policy gets cancelled.

Best Tax Saver Mutual Funds or ELSS Mutual Funds for 2015

1.ICICI Prudential Tax Plan

2.Reliance Tax Saver (ELSS) Fund

3.HDFC TaxSaver

4.DSP BlackRock Tax Saver Fund

5.Religare Tax Plan

6.Franklin India TaxShield

7.Canara Robeco Equity Tax Saver

8.IDFC Tax Advantage (ELSS) Fund

9.Axis Tax Saver Fund

10.BNP Paribas Long Term Equity Fund

You can invest Rs 1,50,000 and Save Tax under Section 80C by investing in Mutual Funds

Invest in Tax Saver Mutual Funds Online -

Invest Online

Download Application Forms

For further information contact Prajna Capital on 94 8300 8300 by leaving a missed call

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Leave your comment with mail ID and we will answer them

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You can write to us at

PrajnaCapital [at] Gmail [dot] Com

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Leave a missed Call on 94 8300 8300

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