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ELSS OR Equity Linked Savings Scheme, as the name suggests, is an equity based mutual fund. Through ELSS, one can invest in tax saving mutual funds & avail tax deductions under Section 80C. There are many advantages to investing via ELSS like: 1.       Your principal amount gets multiplied due to the  POWER OF COMPOUNDING 2.       The returns you earn within the lock in period are  TAX FREE 3.       Substantially  HIGHER RETURN 4.       Minimum lock in period of  3 YEARS ELSS is an equity diversified fund & investors enjoy both the benefits of capital appreciation as well as tax benefits. But for long term , ELSS generate better returns though with slightly higher risk. Benefits of ELSS Here’s some points of advantage one can derive by investing in ELSS: Equity’s Potential in Getting Return: Equities are known for giving poten...

Term Life Insurance The most affordable form of life insurance, premiums of plan under this category are cheap compared to other life insurance products. The Sum Assured is paid out to the beneficiaries on the completion of the policy tenure. Whole Life Policy As in the name, this type of policy covers an individual for his/her entire life. This type of insurance covers insurance and investment components. The insurance part covers the nominee in the event of death of the policyholder and the investment component helps the holder to borrow or withdraw against. Endowment Plan One main difference that Endowment Plans offer from term plans is the Maturity Benefit. This type of plan pays out sum assured along with profits under both scenarios - death & survival. The profits that are availed in such plans are the result of investment in equities & debt. Unit Linked Insurance Plans (ULIPs) As the name suggests, this plan is li...

Insurance has lot to offer in terms financial security and peace of mind. It ensures that your family is taken care of in your absence. It not only helps in providing coverage for all sorts of risks but builds an opportunity to help you grow your investments. Life insurance is a long-term investment tool that helps you meet future costs like children’s education expenses, retirement expenses etc. There are plenty of life insurance plans available, depending on an individual’s needs, many of these plans can also be customized to meet their likes.

There are many categories of insurance policies available in the market today. Depending upon your needs and requirement your Financial Advisor will help you pick out the right one. You need to give complete details on your current financial status, along with your short term and long term goals, so that you Advisor is well-equipped to make a prudent choice for you. There are many categories like Retirement plans, Money Back Plans, Child Protection Plans, Endowment plans and much more. Remember, life insurance is a great tool for both protection and helping you save in a disciplined manner which eventually leads to creation of good corpus. With help of your advisor, fix your goals align them with your financial objectives and lead a stress free life with a financially secured future.

There is a saying that goes, “Discipline is the bridge between goals and accomplishment.” And with regards to financial goals, teach joined with insightfulness is the way to progress. Do you have any financial goal in life which you wish to accomplish inside the time period? Obviously, you would have, there are some basic destinations which are wanted to achieved by all. Here we will educate you concerning the " Goal Planner " which is explicitly intended to enable you to accomplish your changed financial dreams. Everybody has dreams and desires which take us ahead throughout everyday life and help with forming our future. In spite of the fact that we vary from each other somehow, our goals are through and through normal. Purchasing a major house, owning an extravagance auto, guaranteeing youngster's future, or aggregating riches for the retirement, are the essential destinations throughout everybody's life. What we have to accomplish them is the satisfactory...

Marriage Endowment/ Education Annuity Plan i s a child policy such that Sum Assured plus Bonus would be paid for the child’s benefit on the term’s maturity even if the Life Insured dies before. Thus, nothing is payable immediately to the nominee on death of the Life Insured, unless accidental; only the future premiums are waived and paid by the company such that the Maturity Benefit of the Sum Assured plus Bonus is duly paid. Advantages of LIC Marriage Endowment / Educational Annuity Plan •            On maturity, maturity benefits are paid to the policyholder. •            If the insured dies during the policy term, death benefit is offered to the nominee. •            Tax benefits can be availed. •            The policy can be surrendered after completing 3 policy years ...

Accident Care Individual Insurance by Star Health company is a standalone personal accident disability plan which offers coverage in case of death or disability resulting from an accident. Under this coverage compensation is provided in case of accident related death or injury. This lump sum amount depends on the severity of the injury. Benefits offered in this plan –   Most important – The Accident Care policy offered by Star Health  offers benefits like: ACCIDENTAL DEATH – Death due to accident within 12 calendar months after accident are covered up to 100% of sum insured. PERMANENT TOTAL DISABILITY – This benefit is available only for individuals covered under Table B and Table C of this policy. Under this benefit, an injury resulting in permanent disability within 12 months after an accident is covered in the range of 50 to 150% of sum insured, depending on the part of the body affected. Example- Loss of both the eyes, hands, etc. in or after an acc...

Health is the most important possession that one can be blessed with, but unfortunately maintaining it is not for free. There are times when you might get sick or get injured because of tragic accidents. Thus, it becomes essential to have a medical policy, but then, finding a gold mine is far easier than finding an apt health plan that offers optimum health benefits at an affordable price. When time is difficult for you, you usually seek for a person you can trust and can depend upon. Thus, you just can’t trust any company with your health requirements. You need somebody worth your hard earned money. New India’s Janata Mediclaim Policy is one of the most cost effective medical policies that you can buy for yourself or your family. It was created keeping in mind the fact that people with low-income need monetary aid the most at the time of accident or illness. It offers you features such as day-care procedures, compensation for hospitalization, etc. and gives you hope at your da...

Star Health Unique Insurance policy stands true to its name as it offers the unique feature of covering medical expenses for certain pre-existing diseases within 11 months only as compared to most of the health insurance policies which cover pre-existing diseases after 48 months. Key Features Sum Insured Sum Insured is the amount of cover provided by the insurance company. The plan provides a cover of Rs. 1,2 and 3 lacs. In-patient hospitalization This covers hospitalization expenses due to an illness or accident. The plan covers hospital accommodation, charges for stay in Intensive Care Unit, related hospitalization expenses such as surgeon’s fees, nursing, anesthesia, blood, oxygen, operation theater charges, surgical appliances, medicines, drugs and consumables up to the sum insured. Pre-hospitalization It covers the medical expenses due to an illness before the insured is hospitalized. The plan covers pre-hospitalization expenses of up to 30 days. Post-...

The insurance policy offered by Star Health insurance company for diabetic’s patients fall under individual and floater coverage type. Under Plan A only, pre-medical screening required. If the policy is rejected after the screening, 50% of the medical screening will be charged to the policy seeker. ELIGIBILITY Any person between 18 years and 65 years of age who is already living with Diabetes Mellitus can take this insurance. Guaranteed Lifetime Renewals: Life-long renewals beyond 65 years are offered under this policy. Tax Benefits: Amount paid by any mode other than by cash for this insurance is eligible for relief under Section 80D of the Income Tax Act. Free Look Period: 15 days from the date of receipt of the policy is available for reviewing the policy terms and conditions. In case insured is not satisfied he can seek cancellation of the policy and in such event the Company will allow refund of premium after adjusting the cost of pre- acceptance of med...

Life insurance is of significant importance if you wish to protect your family or dependents from any economic hardship in your absence. It’s not an expense-many people think of it as one & choose to completely even consider its importance. It’s an very essential tool that will help you build wealth and at the same time offer complete protection to you and your family. Single Individual Even if you have no immediate dependents relying on you financially, it doesn't mean that you don’t need a  life insurance. There are many costs that you need to factor in and which needs additional income to fulfill them. Life insurance helps you meet such expenses while safeguarding your current income. With Family Unexpected passing of an individual leaves a lot of void and the surviving members are left to cope with a lot of stress and trauma. And no matter what, expenses never ceases to exist; it just piles on- be it rent, childcare expenses, loans, etc. In such scenario...