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Endowment Plans provide life insurance cover for a specified period. The important aspect is that on maturity i.e. if the insured survives the term of the insurance, a person receives the sum assured at the end of the term. Endowment Policy Types Endowment Plan with Profit : It is also called as Unit Linked Endowment plan with Profit Advantages Of Endowment Plan In such plans, in the event of death of the insured during the term of the policy, the nominee receives the sum assured plus the bonus/participating profit/guaranteed additions, if any. The bonus or profit is paid for the number of years that the insured survives in the policy term. In case of unit-linked plans, the nominee receives the value of the investments or the sum assured, whichever is higher.This is the most common type of investment with an interest only mortgage. You pay a fixed monthly payment towards an investment which is designed to grow so that the amount invested and it̢۪s growth are enough to pay off the capital on the mortgage at maturity.This policy will also provide life assurance, so your mortgage will be paid even if a person dies during the term of the plan.Your investment will be more secure if you work on a cautious growth assumption. This will require higher monthly payments, but will be less risky.If the plan has performed well, then you could end up with a lump sum payment in excess of your capital repayment at maturity.This cash surplus is tax free. Disadvantage Of Endowment Plan If the policy has not performed well, you may have to find funds to pay a portion of the capital yourself. Premiums Premiums are payable yearly, half-yearly, quarterly, monthly or through Salary deductions, as opted by you, throughout the term of the policy or earlier death. Bonuses This is a with-profit plan and participates in the profits of the Corporation̢۪s life insurance business. It gets a share of the profits in the form of bonuses. Simple Reversionary Bonuses are declared per thousand Sum Assured annually at the end of each financial year. Once declared, they form part of the guaranteed benefits of the plan. A Final (Additional) Bonus may also be payable provided a policy has run for certain minimum period.

Whole Life Plans provides coverage for an individual's whole life, rather than a specified term. A savings component, called cash value or loan value, builds over time and can be used for wealth accumulation. Whole life is the most basic form of cash value life insurance. The insurance company essentially makes all of the decisions regarding the policy. Regular premiums both pay insurance costs and cause equity to accrue in a savings account. A fixed death benefit is paid to the beneficiary along with the balance of the savings account. Premiums are fixed throughout the life of the policy even though the breakdown between insurance and savings swings toward the insurance over time. The insurance company will invest money primarily in fixed-income securities, meaning that the savings investment will be subject to interest rate and inflation risk. Difference Between Term And Whole Life Insurance A term policy is life coverage only. On the death of the insured it pays the face amount of the policy to the named beneficiary. You can buy term for periods of one year to 30 years.With term life insurance, you only pay your monthly premium for a set term (usually 10, 20, or 30 years). If you are still alive at the end of the term, no money is paid out.Whole life insurance, on the other hand, combines a term policy with an investment component. The investment could be in bonds and money-market instruments or stocks. The policy builds cash value that you can borrow against.Whole life insurance is the more traditional policy. You pay the monthly premium every month until you die, then the policy pays out to your beneficiaries.With both whole life and term, you can lock in the same monthly payment over the life of the policy. Whole Life Insurance Types Traditional whole life policiesUniversal whole life policiesVariable whole life policies Whole Life Plans Is Suitable For Typically term life makes sense for people who work hazardous jobs and expect to have an increased chance of death during their working years. It also makes sense for someone in your situation with kids because IF god-forbid you die while they̢۪re still young, there is money available. Once they get old enough, you don̢۪t have to worry about paying for life insurance. Whole life makes sense for people who want to leave a gift or gifts behind after they die, with less emphasis on someone needing the money should they die. This policy is suitable for people of all ages who wish to protect their families from financial crises that may occur owing to the policyholder̢۪s premature death. Features of Whole Life Insurance Plans Premiums generally are level and payable for life : Since premiums are level, the younger you are when you purchase a whole life policy, the less expensive the annual premiums will beState Farm also offers whole life policies that provide shorter premium payment periods, such as 15 years or a one-time paymentDividends : Whole life insurance policies can earn dividends. Dividends result when our actual life insurance costs turn out to be less than we assumed in setting our premiums. When this happens, State Farm may return a portion of your life insurance premium to you as a dividend. Dividends are not guaranteed, since we don't know our actual costs in advanceGuaranteed Cash Values : Unlike term life insurance, which does not accumulate any cash values, some of the money you pay into your whole life policy accumulates as guaranteed cash values. If you choose to surrender the policy, these guaranteed cash values would be available to you. Or, as long as the policy is in force, you may borrow against them as a policy loan at the current policy loan interest rate. Important Information The amount of your guaranteed cash value depends on the kind of whole life policy you have, its size and how long you have had it. The growth in cash values is tax deferred under current federal income tax law. Borrowed amounts reduce the death benefit and cash surrender value.

You want to see your family secure and happy at all times. However, life is unpredictable. To protect your loved ones, should anything unfortunate happens to you and ensure that they are able to cope with their financial obligations; you need a good Term Insurance Plan, like Term Plan. Feature Of Term Plans They provide life cover for different periods or terms at the lowest possible premium. For instance, a 34-year-old person can get a Rs 25 lakh (Rs 2.5 million) cover for an annual premium of Rs 9,550 for 25 years, a coverage that will cost him about Rs 95,550 and Rs 162,550 in endowment and money-back policies, respectively. The Term Plans Advantages Term plans are especially beneficial for young people with dependents. Low premiums set you free to invest in high-growth instruments such as equity-linked savings schemes (ELSS) initially, which also provide tax breaks.Income and assets are generally not high in the early stages of one's career or marriage, but there may be dependents to care for. Later on, as assets build up, one can withdraw from this facility.As the premium is low, it is easier to keep the policy running even during career breaks Term plans have always received a vote in their favor from individuals who are looking to insure their lives at a lower cost.Here, we present a few pointers on how to assess a term plan given the various options available.The perspective planning is concerned with long term planning. Here the long range targets are set in advance for the period, 15 to 25 years. Thus perspective planning is a blue print regarding the objectives and targets of long run growth. The perspective plan is not just a plan, rather to attain certain objectives and targets; the perspective plan is divided into certain smaller plans. Therefore, a perspective plan is split up in short term plans. Such shorter plans may be consisting of 5 years plans.The five year plan is further divided into annual plans. Accordingly, the annual development plan of a country is called the annual plan. Whether there are perspective plans or annual plans, they are can be divided into sectoral as well as regional plans. The regional plans are concerned with regions, districts and localities.

Pension Plans are Individual Plans that gaze into your future and foresee financial stability during your old age. These Pension Plans are most suited for senior citizens and those planning a secure future, so that you never give up on the best things in life. Your Life is precious and we make efforts to reduce risks in the best manner we can. In many ways, a pension plan is a method in which an employee transfers part of his or her current income stream toward retirement income. Types Of Pension Plans Defined-benefit plans : In a defined-benefit plan, the employer guarantees that the employee will receive a definite amount of benefit upon retirement, regardless of the performance of the underlying investment pool.Defined-contribution plans : In a defined-contribution plan the employer makes predefined contributions for the employee, but the final amount of benefit received by the employee depends on the investment's performance. Benefits Of Pension Plans It allows you to manage your investments as per your risk preferenceYou can opt to invest the Premiums amongst the Funds offered i.e. Pension Debt, Pension Equity or Pension LiquidYou can choose the Life Stage Investment Program which automatically adjusts your Fund allocation to secure your investments as your retirement age approachesIt ensures financial protection and enables maintenance of the same lifestyle even after the unfortunate demise of a loved oneThe beneficiaries can utilize the money to replace the income one would have earned or help pay off debts or other expenses. Download

Life insurance plans help in servicing various needs in an individual's financial planning exercise. One such need happens to be planning for his children's future. Children's Insurance Plans help in addressing many of these needs. The Child Plan is an investment plan designed to meet your child's future financial needs. It's a plan that gives your child to realize his dreams. This is a participating plan. Planning does not necessarily mean about what you wish your child would grow up to be, or have certain characteristics, but it also essentially means you as a responsible parent having various obligations to fulfill that would help him to grow better in this world. The dynamics of Child Plans have changed radically over the years. The conventional method of providing for the child was to just set aside some amount of money in a savings bank account. These funds would then be utilized for the child's life stages. A few parents would also make investments in fixed deposits with the intention of utilizing the maturity amount. However, it would be safe to say that such an approach is not only outdated, but also inadequate in the present scenario.

Individual Mediclaim Insurance is a must as it saves money and covers unexpected calamities. Health insurance comes in handy to meet emergencies of severe ailment or accident. Sometimes it is associated with covering disability and custodial needs. Life is unpredictable, insurance can make it safe and secure from bearing huge loss. Individual Mediclaim Insurance is affordable and carries the assurance and freedom from insecurities that threaten life now and then. About Individual Mediclaim Insurance Individual health insurance is also commonly known as personal health insurance or private health insurance. Protect yourself with our Health Insurance Plans and get protection during sudden illness, surgeries, accidents, and against acts of terrorism. Also get tax benefits under section 80D. This is the type of policy you would purchase for yourself. You may also consider family medical insurance if you are self-employed, unemployed or a student. Individual and family health insurance plans are available for newborns on up to the seniors at age 65. Once a person turns 65, they become eligible for Medicare and Medicare supplemental insurance, and must forfeit their individual medical insurance policy. How Are Individual Health Insurance Plans Different? The qualifications and regulations that govern individual medical insurance vary from state to state and from one insurance company to another. In all states, the primary difference between group (those plans offered through an employer) and family health insurance is that the health plans available to individuals and families are not guaranteed issue.This means that the private health insurance company may turn you down for coverage based on pre-existing medical conditions or they may approve you for medical insurance coverage but exclude benefits for treatments associated with your pre-existing condition.This is what is referred to as an "exclusionary rider," which is an addendum to the standard benefits offered under the health plan that you have selected. Some states do not permit insurance companies to place exclusionary riders on individual health insurance policies.The rate of decline applications is much higher in this case because, if the personal medical insurance company is not able to exclude benefits for pre-existing conditions, they will choose not to offer you coverage. The most common example of this is California Health Insurance. You should research your state's regulations governing individual and family medical insurance.

We have the undiluted resolution for you in form of Family Mediclaim Insurance. The Family Mediclaim Insurance secures the hospitalization expenses of your entire family. Family Mediclaim Insurance comes with most benefits for the well being of your family. The Family Mediclaim Insurance seizure benefits the family to cover the sum output upon such families that need long-term caring or custodial care. The cheapest Family Mediclaim Insurance embodies healing, diagnosing of diseases, and accidents. The diagnosis, accommodation, operation as good as complete caring costs have been lonesome by seizure word if used in the policy of Family Mediclaim Insurance. Family Seizure Insurance benefits of taxation grant as referred to in territory 80D of the Act, The Income Tax.

Technology has made our daily life simpler in various ways. Motor vehicle is an invention which has made daily commuting easy. It is convenient, fast and saves our time. Though it is easy to own a vehicle, it is expensive maintaining a motor vehicle especially in case of damage caused to your vehicle due to some unavoidable circumstances or accidents. Motor Vehicle Policy helps you in maintaining your vehicle in such situation. A comprehensive Motor Insurance policy for your two-wheeler and car that keeps it secure against damage caused by natural and man-made calamities, including acts of terrorism. Avail of Own Damage, Personal Accident and Liability cover all in one policy. Motor Insurance Comprises Of Two Wheeler InsuranceCar Insurance Car Insurance A comprehensive policy that not only covers you against third party liability but also against damage to your vehicle, accidental injury and much more When it comes to choosing insurance for your health, travel, student, home, etc. you have many options to compare between the various policies available in the market. As each company offers innovative covers, it becomes easier for you to make a decision based on the coverage as well as the premium offered. However, this does not hold true when buying Car Insurance. Car Insurance in India is governed by the Indian Car Tariff, so the coverage for your vehicle would be the same no matter which company you would buy it from. Moreover, car insurance is mandatory and needs to be renewed every year. Two Wheeler Insurance A composite policy protects you against unfortunate accidents, third party liability, injuries and damages. A larger number of small town people in India prefer to buy a motorcycle instead of a car. Since there are no stringent traffic rules in a small town region, two- wheelers serve the purpose of the travel one needs to do. Still, accidents and unfortunate events can happen anytime and thus, you need to be prepared for the same to protect your savings. Bike insurance or motorcycle insurance can safeguard you from such mishaps and help you save your money. You need your two-wheeler to be insured and the best way to do this is to purchase Motor Insurance. If you are wondering how to get motor insurance and which one is right for you, we're there to help you.

Overseas Travel Insurance that we make available is a comprehensive Travel Insurance policy that covers unexpected medical and non-medical expenses when you are travelling abroad. Avail of benefits like Baggage loss/delay and unique facilities such as Cashless hospitalization, worldwide. Travelling, whether for business or for leisure, exposes you to many risks, including personal accidents, hospitalization in unfamiliar locations, lost baggage, baggage delay and even lost passports. Travel Shield Online Traveling abroad can be exciting and at the same time quite challenging, if we are not well prepared. A little bit of planning before you leave can make your trip smooth and memorable. Besides, your luggage, money, passport and tickets, the next important item to accompany you on your trip is a reliable travel insurance plan to take care of any unexpected event. Until you return to India, Travel Shield guards you from unexpected incidents such as baggage delay, loss of baggage, flight delays, medical expenses and loss of travel documents, all under one convenient package, at an affordable price. Key Benefits Of Overseas Travel Insurance Instant CoverageNo DocumentationNo Medical Examination

Professional Liability Insurance, also called Professional Indemnity Insurance, protects professional practitioners against potential negligence claims made by their patients/clients. Professional Liability Insurance Protects ArchitectsQuantity surveyorsHome inspectorsLawyersPhysiciansAccountants Professional Liability Insurance may take on different names depending on the profession. For example, Professional Liability Insurance in reference to the medical profession may be called Medical Malpractice. Notaries public may take out errors and omissions insurance (E&O). Other Potential E&O Policyholders Include Real estate brokersAppraisersWebsite developers There are also specific E&O policies for technology companies, such as software developers, technology consultants and other creators of technology. Coverage Focuses On The failure to performFinancial lossError or omission of the products or services sold Additional Coverage Is Provided For Breach of warrantyIntellectual propertyPersonal injurySecurity and cost of contract Professional Liability Insurance provides protection against claims that the policyholder becomes legally obligated to pay as a result of an error or omission in his professional work. Also known as Errors and Omissions insurance, this type of Professional Liability Insurance is critical to your business. E&O insurance responds to claims of Professional Liability in the delivery of your technical services. Allow us to customize errors and omissions insurance policies for you that are affordable and effective.

Workers' Compensation Insurance provides compensation medical care for employees who are injured in the course of employment, in exchange for mandatory relinquishment of the employee's right to sue his or her employer for the tort of negligence. The tradeoff between assured, limited coverage and lack of recourse outside the worker compensation system is known as “Compensation Bargain." Provision Are Made For in Workmen's Compensation Insurance Weekly payments in place of wages (functioning in this case as a form of disability insurance)Compensation for economic loss (past and future)Reimbursement or payment of medical and like expenses (functioning in this case as a form of health insurance)Benefits payable to the dependents of workers killed during employment (functioning in this case as a form of life insurance) General damages for pain and suffering, and punitive damages for employer negligence, are generally not available in worker compensation plans. The employers’ legal liability under the W.C.Act to pay compensation to employees not covered under E.S.I.Act for bodily injury or disease sustained / contracted out of and in the course of employment is covered by this policy. Liability to employees under Indian Fatal Accident Act 1855 and at Common Law is also covered under the policy.

Factory Insurance quotes aim to provide tailor-made cover that meets your business̢۪ unique insurance needs. Factory Insurance meets the demands and needs of businesses wishing to protect their assets against potential hazards such as fire, theft, flood, accidental damage, etc. Cover can be provided for buildings, machinery/plant, stock (raw and finished goods), public/product liability insurance, employers' liability insurance, goods in transit insurance, money, etc. Factory Insurance provides the protection to the businesses against the possible hazards like flood, theft, damage, fire etc. This Factory Insurance usually covers the buildings, plants, machineries, stocks. Also in addition to that employer's liability insurance, product liability insurance is covered within this policy. Shop Insurance Introduction Insurance for shops can be quite complex as it covers a variety of risks. As you are in personal contact with customers and suppliers, public liability insurance should be a priority but there are a few other equally important shop insurance covers to consider too. To help you choose the right covers for your business, we̢۪ve made our quote form and buying process simple to use and easy to understand. Scope of Cover Fire (Building and Contents) : Covers losses caused by fire, lightening, riot, strike, storm, cyclone, flood and terrorismBurglary : Protects contents of your shop against any loss or damage caused by burglary or attempted burglaryBurglary of cash in safe : Provides for losses resulting from the burglary of cash kept in safeCash in transit Covers losses because of burglary of cash while it is being carried from the bank/ATM to your shopGlass breakage : Covers loss or damage to any fixed plain glass caused by any accident, external and visible meansDamage to neon sign : Covers neon or glow signs displayed at your shop premises against damage caused by fire, accident, riot, and floodCheque forgery : Covers loss caused by forgery or material alteration of cheques, drafts or any other negotiable instruments issued by you or in your favourFidelity : Covers direct financial losses sustained due to fraud or any dishonest act by your salaried employeesTenant̢۪s legal liability : This cover provides for legal liability imposed on you by the property owner on account of damage to property by fire, earthquake, flood and riotsEmployer̢۪s liability : It provides for legal liability to your employees. Office Insurance Office Policy is a comprehensive insurance policy that offers protection to business enterprises against different kinds of risks and contingencies. It is a single insurance policy, which is suitable for large MNC-owned offices, as well as small and medium sized offices such as travel agencies. Professionals including chartered accountants, architects, engineers or any other service provider can also acquire benefit from office umbrella policy. Being a package policy, the office umbrella insurance provides total coverage of all risks that are common to office environment and does away with the need to take different policies. Office Insurance Includes Buildings Insurance : You can insure your premises against damage to the building from disasters such as fire and flood. If you rent your business space you are unlikely to need buildings insurance, however you should contact your commercial landlord to make sure.Contents Insurance : You can insure the contents of your business premises against damage, destruction, loss or theft. A policy will pay the cost of repair if any of your business possessions are damaged, or pay for replacements if lost, destroyed or stolen.Fixtures and fittings cover : While contents insurance covers your possessions, you may also choose to take out fixtures and fittings insurance to cover fixed items such as shelving, kitchen units, carpet or flooring, counters, fixed display cases etc.Shop front cover : If you own a retail outlet or restaurant, you may wish to insure the front of your premises. This insurance covers things like windows, awnings and signage.Stock cover : If you keep stock on your premises, it is sensible to insure it separately from your contents insurance. The value of stock can run to thousands or tens of thousands of pounds so if it was damaged, destroyed or stolen your stock cover would pay the cost of replacements.

Contractor's All Risk Insurance offers comprehensive and adequate protection against loss or damage in respect of contract works, construction plant and equipment and/ or construction machinery, as well as third party claims in respect of property damage or bodily injury arising in connection with the execution of a civil engineering project. The Contractor's All Risk Insurance policy is extremely useful for consulting engineers, architects and financiers because it contributes to reducing the overall construction expenses and at the same time offers efficient financial protection for all parties concerned. The Contractor's All Risk Insurance Policy that covers all risks associated normally with a construction project. Issued commonly under the joint names of a contractor and a principal (client), it usually also includes public liability. Scope Of Cover Contractor's All Risk provides 'all risk' cover unless the hazard is specifically excluded. Contractor's All Risk Insurance Covers The Risk Of FireLightningExplosionFloodInundationRainSnowEarthquakeTheftBurglaryBad workmanshipLack of skillNegligenceCivil construction projectsresidentialcommercial buildingstheatresfactory shedswarehousesroadsbridgesdamsreservoirstunnelsoil / gas pipelineswater / sewage disposal worksPerils coveredFire & Allied PerilsFloodStormTempestCycloneEarthquakeFire & ShockCollapseWater Damage for Wet Risks The Sum Insured in Contractor's All Risk Insurance shall include landed cost at site of imported/ indigenous materials, construction cost (including visits of specialists/experts, supervision charges). It is the completely erected value of property inclusive of freights, custom duty, erection cost adjusted to fluctuations in wages / prices. Premium Rate Is Based On The type of projectNature of constructionPeriod of projectEQ zone and voluntary excess

Potentially, everyone on earth is subject to flood, fire, or earthquake damage. Naturally some areas are more prone to natural disasters forcing many private insurance companies to suspend insurance coverage. To determine what kind of coverage you will need in your insurance policy you should see what your current policy covers and add on the prices of inexpensive endorsements to your policy. If you don̢۪t know about your area find out what types of natural disasters are related to your location such as floods, earthquakes, hurricanes, forest fires, and tornadoes. An unnatural disaster would include war, nuclear accidents, civil disobedience, and terrorism. Fire & Earthquake Insurance is a form of property insurance that pays the policyholder in the event of an earthquake that causes damage to the property. Most ordinary insurance policies do not cover earthquake damage. Most Fire & Earthquake Insurances feature a high deductible. Rates depend on location and the probability of an earthquake, as well as the construction. Flood insurance protects against property loss due to flooding. Many insurers do not provide Flood Insurance in some portions of the country. The federal government created the National Flood Insurance Program which serves as the insurer of last resort. Terrorism insurance provides protection against any loss or damage caused by terrorist activities. Volcano insurance is an insurance that covers volcano damage. Windstorm insurance is an insurance covering the damage that can be caused by hurricanes and tropical cyclones. A Fire Insurance Policy involves an insurance company agreeing to pay a certain amount equivalent to the estimated loss caused by fire to the insured, within the time specified in the contract. The indemnity is subject to change depending upon the policy. One should confirm with the insurer about the types of risks covered, since one cannot insure the property against all types of risks of fire.

Flats Insurance that protects the physical property and equipment of a business against loss from theft, fire or other perils; all-risk coverage covers against all risks; named-peril coverage covers only against specific perils named in the policy. When it comes to Flats Insurance for your physical property, you want to make sure to get a policy written on an all-risk basis rather than on a named-peril basis. While the latter only covers the specific perils named in the policy, an all-risk policy will cover you for virtually anything. Types Of Coverage Available In Flats Insurance BasicBroadSpecial Your Flats Insurance Policy will be written as one of the three and there are significant differences between all three. In most cases, you will find your property insurance policy is written with special coverage, but there are instances where it may not be. When a Flats Insurance Policy is written on a basic form, you only receive coverage for your items if they are damaged by a covered cause of loss listed on your insurance policy. Causes Of Loss FireLightningExplosionWindstorm or hailSmokeAircraft or vehiclesRiot or civil commotionVandalismSprinkler leakageSinkhole collapseVolcanic Action If the damage to your home or is caused by something other than those 11 things, there will be no insurance coverage. In addition, it's important to check your policy for the definition of those 11 causes of loss because the insurance company can limit or exclude how the insurance applies. For example, if your home is damaged because you didn't maintain your sprinkler system properly there would be no coverage; however, if a fire causes the sprinkler system to be damaged or go off, the policy would pay to repair the damage caused by the sprinkler. When Flats Insurance is written on a broad form, you receive coverage for the 11 causes of loss mentioned in the description of the basic form, with the addition of three new causes of loss: falling objects, weight of ice, sleet or snow, and accidental water damage. You will not find much exclusion on this form except for those designed to further define how the 14 causes of loss are applied. Note The basic and broad forms the insurance company has the duty to specifically include coverage. If it's not included on the list, it's not covered.

The Birla Sun Life Asset Management Company Ltd. (BSLAMC) manages Birla Mutual Fund. Birla Mutual Fund provides various schemes like fund of funds, monthly income funds, equity schemes, debt and treasury products, and offshore funds. Birla Mutual Fund - Overview Birla Mutual Fund is a joint venture between the Aditya Birla Group and the Sun Life Financial Services Inc. based in Canada. The Birla Mutual Fund was set up in the year 1994. The company is one of the leading mutual fund investment companies in India. The spectrum of the investment options offered by Birla Mutual Fund is very big catering all kinds of investors, be it big or small. The range includes diverse sector specific fund of fund schemes, monthly income funds, equity schemes, debt and treasury products, and offshore funds. Birla Sunlife Mutual Fund is one of India's leading mutual funds with assets of over Rs.17,098 crore under management as of Aug 2006. Birla Sun Life Asset Management Company Limited, the investment manager of Birla Sunlife Mutual Fund. Download

An ELSS (Equity Linked Savings Scheme) is a mutual fund that has to invest a minimum of 80% in Equity Shares. The balance 20% can be in debt, money market instruments, cash or even more equity. There is a 3 year lock-in period for the ELSS mutual funds. Post the 36 months, the funds remain invested and work like any other open-ended mutual fund. Why an ELSS? It has been an established fact that in the long run equity gives a much higher inflation adjusted returns when compared to any other investment except for maybe real estate. The top 5 ELSS funds have given returns from 22% to 26% compounded annually over the past 5 years. This is again higher than the market (Nifty) returns over the past 5 years which is at 19%.ELSS is part of the Section 80C instruments which are cumulatively eligible for a deduction from income up to Rs.1L. This gives the tax payers benefits from 10% to 30% (excluding the educational cess) based on their current tax slab.The return (maturity and the dividend [(if opted for]) from the ELSS is also tax free under the present EEE (Exempt - Exempt - Exempt) regime.The 3 year lock-in period makes sure one stays invested. Otherwise in a normal mutual fund one tends to withdraw in case of any monetary requirement.The lock-in period also helps the fund managers to plan their investments better and also to hold on to valuable investments as they do not have to worry about sudden redemption pressures.The above logic is proved in the higher returns achieved by the ELSS funds when compared to the market returns. Wealth creation because of this is much better than most of the other mutual funds. Only some sector based mutual funds have given better returns than the ELSS fund in the past 5 years. Options With The ELSS Salaried people with a tight budget can opt for a monthly investment (SIP using ECS). The automatic investment from the bank through ECS makes it an easy way to invest. Those who want an income in between can opt for the dividend option. This is particularly suitable for senior citizens. Also, the ELSS gives a tax free return compared to a bank or company deposit, which is taxable. Advantages With ELSS The advantage with ELSS compared to the ULIPs is the frequency (mostly a single investment or a monthly investment for a year) and term for investment, for getting good returns. Limitations With ELSS The investment in an ELSS cannot be switched or closed before the 3 years are completed form the date of investment. During market downturns, this becomes a limitation as one can only sit and watch the funds go down. One has the option of averaging when the market goes down, but an investment to save tax may not be required in the year in which the market is going down. The lock-in works negatively also for the monthly investment because the lock-in is calculated from the date of the investment and not from the date the scheme was started. This means that the 12th month's investment can be withdrawn only on the 48th month. This is a disadvantage compared to ULIPs, where the lock-in is from the date of start of the scheme ELSS - A Favored Option Most fund houses start an ELSS regular investment at Rs.500/- per month. Single investments start generally at Rs.5000/-. This makes ELSS accessible to all tax payers. With the compulsory lock-in giving better returns than other investments, even the most risk averse can look at an exposure to the ELSS fund for their tax benefits.

HDFC Mutual Fund has been one of the best performing mutual funds in the last few years. HDFC Asset Management Company Limited (AMC) functions as an Asset Management Company for the HDFC Mutual Fund. AMC is a joint venture between housing finance giant HDFC and British investment firm Standard Life Investments Limited. It conducts the operations of the Mutual Fund and manages assets of the schemes, including the schemes launched from time to time. As of Aug 2006, the fund has assets of Rs.25,892 under management. IN 2003, following a decision by the Zurich Insurance Company (ZIC), the Sponsor of Zurich India Mutual Fund, to divest its asset management business in India, AMC had entered into an agreement with ZIC to acquire the asset management business. Consequently, all the schemes of Zurich Mutual Fund in India had been transferred to HDFC Mutual Fund and renamed as HDFC schemes.

The Reliance Mutual Fund is one of the most popular and leading mutual funds in the mutual fund sector of India. The Reliance Mutual Fund is owned by Anil Dhirubhai Ambani Group and with respect to net worth it ranks among the top three of all the private financial service providers in India. It is an ISO 9001:2000 certified company, which offers innovative mutual fund products to a wide pool of customers. The Reliance mutual fund products are available in hundred and fifteen cities across India. It is one of the fastest growing mutual funds in India and the main reason of its popularity is that it has a wide portfolio of products that meets the requirements of each and every type of investors. The Reliance Mutual Fund is headed by Mr. Vikrant Gugnani - the CEO of the company. Benefits Of Reliance Mutual Fund Make transactions onlineNew PurchasesAdditional PurchasesRedemptionSwitchRegistration / Cancellation of STPs & SWPsDividend Transfer PlanTrack your TransactionsSubscribe for E statementsApply online for Reliance Any Time Money CardModify your Personal DetailsCheck the balance of Units in a FolioRegister for E-statementRegister Mobile number for SMS alerts With Reliance Mutual fund online transaction facility you no longer have to work through the heaps of paperwork to manage your account. Simply log ontowww.reliancemutual.com and enjoy the comfort of accessing your portfolio right from your desktop.

Prudential ICICI Mutual Fund is one of the largest mutual fund houses in India. Prudential ICICI Mutual Fund is a joint venture between Prudential plc, one of UK's largest players in the insurance & fund management sectors and ICICI Bank, a well-known and trusted name in financial services in India. Prudential Plc holds 55 per cent of the asset management company and the balance is held by ICICI Bank. ICICI Prudential Asset Management Company is a joint venture between Prudential plc and ICICI Bank. Neither ICICI Prudential Asset Management Company nor Prudential plc are affiliated in any manner with Prudential Financial, Inc., a company whose principal place of business is in the United States of America. Equity Funds ICICI Prudential Discovery FundICICI Prudential Power FundICICI Prudential Dynamic PlanICICI Prudential Emerging Star FundICICI Prudential Tax PlanICICI Prudential Growth PlanICICI Prudential Fusion Fund Series - i, ii, iii

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The wellbeing of the family is very important. We at Insurance Shoppee, help the associated clients in securing the families against any type of health risk with our Family Medical Insurance Services. We provide our reliable guidance to the clients that help them to choose the best Family Medical Insurance policy. The Family Medical Insurance covers up all the unexpected medical risks such as any disease, accident, surgery and so on. Our highly professional experts guide the clients in making the right decision to choose the best suited Family Medical Insurance Plan. Family Seizure Insurance benefits of taxation grant as referred to in territory 80D of the Act, The Income Tax.

Life is unpredictable, insurance can make it safe and secure from bearing huge loss. Individual Mediclaim Insurance is a must as it saves money and covers unexpected calamities. Health insurance comes in handy to meet emergencies of severe ailment or accident. Sometimes it is associated with covering disability and custodial needs. Our Individual Medical Insurance Services facilitates an individual in selecting the best suited Personal Health Insurance Policy. The Individual Mediclaim Insurance secures the hospitalization expenses of an individual. Further, Individual Mediclaim Insurance comes with most benefits such as the tax benefits under section 80D. Thus, Individual Mediclaim Insurance is the type of policy you would purchase for yourself. How Are Individual Health Insurance Plans Different? The qualifications and regulations that govern individual medical insurance vary from state to state and from one insurance company to another. In all states, the primary difference between group (those plans offered through an employer) and family health insurance is that the health plans available to individuals and families are not guaranteed issue.This means that the private health insurance company may turn you down for coverage based on pre-existing medical conditions or they may approve you for medical insurance coverage but exclude benefits for treatments associated with your pre-existing condition.This is what is referred to as an "exclusionary rider," which is an addendum to the standard benefits offered under the health plan that you have selected. Some states do not permit insurance companies to place exclusionary riders on individual health insurance policies.The rate of decline applications is much higher in this case because, if the personal medical insurance company is not able to exclude benefits for pre-existing conditions, they will choose not to offer you coverage. The most common example of this is California Health Insurance. You should research your state's regulations governing individual and family medical insurance.