compare star health -comprehensive health insurance vs religare health -care comprehensive health
[formidable id=”4″ title=”1″ description=”1″]
Star Health Medical policy in 10 minutes
[formidable id=”4″ title=”1″ description=”1″]
STAR HEALTH AGENT LOGIN
[formidable id=”4″ title=”1″ description=”1″]
YOUNG STAR – STAR HEALTH NEW PLAN
LIC -Short Term Policy – Pay only 9 Yrs or 8 Yrs and get Good Returns
Available till 31st January 2020 Only
You may getting various calls from all Private Insurance Companies for short term policy. And my experience also All investors attract to take short term policy.
But all Private Insurance Companies, personal call center always attract investor with fake policy details about plan and most of investors purchased that plan.
That is very blunder by Investors, without knowing plan they attract on fake calls and invested.
LIC Limited Premium Policy-
To get out from those all fake plans, LIC come with very good Plan LIMITED Premium. Here you have to pay only 8 yrs or 9 Yrs and option to maturity at 12, 16 or 21 yrs with very attractive returns. so LIC HAI TO KAHI AUR KYO JANA.
LIC Limited Premium Endowment Policy (Plan No:830)
LIC’s Limited premium endowment policy (Plan No: 830) is a non-linked guaranteed life insurance plan which provides protection with investment. This plan is having fixed premium paying terms of 8 & 9 years and fixed policy terms 12, 16 & 21 years which allows policy holder to plan for financial requirements by paying less number of years and secure life and receive maturity at later stage.
This plan may be recommended for everyone because of following reasons.
- A sound combination of Life insurance and investment.
- Less number of premium paying term than policy term.
- Eligible for bonus and Final Addition bonus declared by LIC.
- Comparatively High Bonus
- Double Accidental benefit with rider.
- Tax saving on premium paid.
- Tax Free maturity amount.
Plan Parameters
| Age of Entry | 18 to 62 years |
|---|---|
| Premium Paying Mode | Yearly, Half Yearly, Quarterly, Monthly (ECS Only) |
| Premium Payment Term | 8 or 9 Years (Fixed) |
| Policy Term | 12, 16 and 21 Years (Fixed) |
| Basic Sum Assured | 300000 and above ( in multiple of 10000) |
| Policy Revival | within 2 year |
| Rebate Premiums | 2% on yearly, 1% on Half Yearly, Nil on Quarterly |
| Loan | After 2 years |
| Surrender | After 2 years of full premium payment |
| Guaranteed Surrender Value | From 30% to Maximum 80% of total premium paid |
Benefit Illustrations
To Illustrate the benefits of Limited Premium Endowment Plan, Lets take
an example of a person who is purchasing this plan with following
details.
Sum Assured: Rs. 500000
Premium Paying term: 9 Years
Policy Term: 16 Years
Policy Purchase Year: 2015
Age: 28 Years
Premium: Rs. 43995(Yearly)
With above proposed policy details, following benefit chart has been generated according to bonus rate Rs. 52 per thousand of sum assured.
| Maturity Year | Maturity Age | Maturity Amount |
|---|---|---|
| 2031 | 44 | 910000 |
For each year during the term of policy, LIC declares Bonus (Per Thousand of Sum Assured) for that particular year. This policy may eligible for Final Addition bonus after certain number of years. As the policy term progresses, these benefits in the form of Bonuses keep accumulating and at the time of matuirty, policy holder gets lump sum amount i.e. Sum Assured + Bonus. In case of death during the policy term, nominee gets sum assured plus bonus accumulated up to that peroid. Year-wise and Age-wise benefits in case of death is indicated below.
| End of year | Year | Age | Premium Paid | Normal Life Cover | Accidental Life Cover |
|---|---|---|---|---|---|
| 1 | 2016 | 29 | 43950 | 522500 | 1022500 |
| 2 | 2017 | 30 | 87900 | 545000 | 1045000 |
| 3 | 2018 | 31 | 131850 | 567500 | 1067500 |
| 4 | 2019 | 32 | 175800 | 590000 | 1090000 |
| 5 | 2020 | 33 | 219750 | 612500 | 1112500 |
| 6 | 2021 | 34 | 263700 | 635000 | 1135000 |
| 7 | 2022 | 35 | 307650 | 657500 | 1157500 |
| 8 | 2023 | 36 | 351600 | 680000 | 1180000 |
| 9 | 2024 | 37 | 395550 | 702500 | 1202500 |
| 10 | 2025 | 38 | 0 | 725000 | 1225000 |
| 11 | 2026 | 39 | 0 | 747500 | 1247500 |
| 12 | 2027 | 40 | 0 | 770000 | 1270000 |
| 13 | 2028 | 41 | 0 | 792500 | 1292500 |
| 14 | 2029 | 42 | 0 | 815000 | 1315000 |
| 15 | 2030 | 43 | 0 | 877500 | 1377500 |
| 16 | 2031 | 44 | 0 | 910000 | 1410000 |
Above example illustrates that premium paying stops after 9 years and insurance receives maturity after completion of 16th year. This illustration also includes double accidental benefit which gives the nominee an extra amount equal to sum assure in case of accidental death.
More details you can contact to 9891423442 or write your comments in comment section. Also you can write to [email protected] for personalised presentation.
How to become Health Insurance Advisor- Star Health Insurance
Starting part time/ Full time carrier in Advisory service is one of best Job for long term income as well as relationship.
Joining is very easy :
a) Documents Required : –
1- Education minimum 10th Pass
2- 02 passport size Photographs
3- Educational Certificate
4- Aadhar/Passport or any address proof
5- PAN Card
6- Name Printed Cancel Cheque or Bank Statement
7- Age -above 18 Yrs maximum no limit
8- Retired person can also join
b) Call to Sales Manager
1- Call at Mob No – 9891423442 or
2- Whatsapp at – 9891423442 or
3- Mail at – [email protected] or
c) Star Health Manger will call and coordinate you to provide all details for further process of allot agency for you.
Training – After allotment of Agency, team will be available to provide training for all plans
Online Supports – After allotment of Agency you can do your business online from your mobile, laptop, desktop from anywhere in India.
Aviva Life Insurance – Bankrupt
The National Company Law Tribunal has ordered to initiate insolvency proceedings against Aviva Life Insurance in a case filed by Apeejay Trust.
A two-member bench of NCLT Delhi comprising Justice R D Khare and Sumita Purkayastha allowed the plea against Aviva Life Insurance and has also appointed an interim resolution professional to run day-to-day affairs of the company.
Apeejay Trust, which had leased its Mumbai-based (Vashi) premise to Aviva Life Insurance, claimed a default of ₹27.67 lakh as an operational creditor for not receiving payments towards service tax and license fee for the premise.
According to the trust, Aviva — a JV between Dabur Invest Corp (Dabur group) and Aviva International Holding Ltd — has not paid license fee, car parking, maintenance/service charge and service tax. It had made its last payment in this regard on October 5, 2017 and from then the debt was lying due.
“Considering the circumstances this tribunal is inclined to admit this petition and initiate CIRP of the corporate debtor. Accordingly this petition is admitted,” The National Company Law Tribunal (NCLT) said.
It has also declared a moratorium under section 14 of the Insolvency and Bankruptcy Code, protecting the company from its lenders during the process.
During the proceedings, Aviva had questioned the maintainability of Appeejay Trust’s plea on the ground that it is an insurance company and thus being a financial service provider, IBC can not be applied against it.
According to it, there is an absolute bar under IBC to initiate any proceedings against insurance companies.
This was rejected by the NCLT saying “the operational creditor does not have any claim in respect of contract of insurance. The claim is with respect to the outstanding license fee and the service tax amount”.
“Hence, the corporate debtor can not use the provision of … IBC as a blanket cover to claim exclusion from IBC proceedings on the ground that it is an financial service provider,” said the NCLT in its order dated November 4, 2019.
My recommendation to all my friends to quit from AVIVA LIFE INSURANCE on priority. This is personal view, As money security is very important.
LIC Pradhan Mantri Vaya Vandana Yojana
Pradhan Mantri Vaya Vandana Yojana (PMVVY) is a Pension Scheme announced by the Government of India exclusively for the senior citizens aged 60 years and above which is available from 4th May, 2017 to 31st March, 2020.
Benefits of the scheme
Following are the major benefits under the Pradhan Mantri Vaya Vandana Yojana (PMVVY):
- Scheme provides an assured return of 8% p.a. payable monthly (equivalent to 8.30% p.a. effective) for 10 years.
- Pension is payable at the end of each period, during the policy term of 10 years, as per the frequency of monthly/ quarterly/ half-yearly/ yearly as chosen by the pensioner at the time of purchase.
- The scheme is exempted from Service Tax/ GST.
- On survival of the pensioner to the end of the policy term of 10 years, Purchase price along with final pension installment shall be payable.
- Loan upto 75% of Purchase Price shall be allowed after 3 policy years (to meet the liquidity needs). Loan interest shall be recovered from the pension installments and loan to be recovered from claim proceeds.
- The scheme also allows for premature exit for the treatment of any critical/ terminal illness of self or spouse. On such premature exit, 98% of the Purchase Price shall be refunded.
- On death of the pensioner during the policy term of 10 years, the Purchase Price shall be paid to the beneficiary.
- The ceiling of maximum pension is for a family as a whole, the family will comprise of pensioner, his/her spouse and dependants.
- The shortfall owing to the difference between the interest guaranteed and the actual interest earned and the expenses relating to administration shall be subsidized by the Government of India and reimbursed to the Corporation.
Eligibility Conditions and Other Restrictions
- Minimum Entry Age: 60 years (completed)
- Maximum Entry Age: No limit
- Policy Term : 10 years
- Investment limit : Rs 15 lakh per senior citizen
- Minimum Pension: Rs. 1,000/- per month
Rs. 3,000/- per quarter
Rs.6,000/- per half-year
Rs.12,000/- per year - Maximum Pension: Rs. 10,000/- per month
Rs. 30,000/- per quarter
Rs. 60,000/- per half-year
Rs. 1,20,000/- per year
Ceiling of maximum pension is for a family as a whole i.e. total amount of pension under all the policies allowed to a family under this plan shall not exceed the maximum pension limit. The family for this purpose will comprise of pensioner, his/her spouse and dependents.
The Scheme can be purchased offline through Life Insurance Corporation (LIC) of India which has been given the sole privilege to operate this Scheme. To Buy you can call us @ 9891423442, 9990190909 or whatsapps on same numbers.
Payment of Purchase Price
The scheme can be purchased by payment of a lump sum Purchase Price. The pensioner has an option to choose either the amount of pension or the Purchase Price. The minimum and maximum Purchase Price under different modes of pension will be as under:
| Mode of Pension | Minimum Purchase Price | Maximum Purchase Price |
| Yearly | Rs. 1,44,578/- | Rs. 7,22,892/- |
| Half-yearly | Rs. 1,47,601/- | Rs. 7,38,007/- |
| Quarterly | Rs. 1,49,068/- | Rs. 7,45,342/- |
| Monthly | Rs. 1,50,000/- | Rs. 7,50,000/- |
Mode of pension payment
The modes of pension payment are monthly, quarterly, half-yearly & yearly. The pension payment shall be through NEFT or Aadhaar Enabled Payment System.
The first instalment of pension shall be paid after 1 year, 6 months, 3 months or 1 month from the date of purchase of the same depending on the mode of pension payment i.e. yearly, half-yearly, quarterly or monthly respectively.
Surrender Value
The scheme allows premature exit during the policy term under exceptional circumstances like the Pensioner requiring money for the treatment of any critical/terminal illness of self or spouse. The Surrender Value payable in such cases shall be 98% of Purchase Price.
Loan
Loan facility is available after completion of 3 policy years. The maximum loan that can be granted shall be 75% of the Purchase Price.
The rate of interest to be charged for loan amount shall be determined at periodic intervals. For the loan sanctioned in Financial Year 2016-17, the applicable interest rate is 10% p.a. payable half-yearly for the entire term of the loan.
Loan interest will be recovered from pension amount payable under the policy. The Loan interest will accrue as per the frequency of pension payment under the policy and it will be due on the due date of pension. However, the loan outstanding shall be recovered from the claim proceeds at the time of exit.
Free Look period
If a policyholder is not satisfied with the “Terms and Conditions” of the policy, he/she may return the policy to the Corporation within 15 days (30 days if this policy is purchased online) from the date of receipt of the policy stating the reason of objections.
The amount to be refunded within free look period shall be the Purchase Price deposited by the policyholder after deducting the charges for Stamp duty and pension paid, if any.
Exclusion
Suicide: There shall be no exclusion on count of suicide and full Purchase Price shall be payable
why life insurance ? how to take life insurance ? whole life insurance. should you buy whole life insurace
Life Insurance is pillar of Wealth. So if you don’t have life insurance means you are creating your family more poor and poor.
So my request everyone to get proper insurance for life. Supposed you have not taken life insurance and happened any mis-happening. Then think about your family. Who is totally depend on you and your income. How will they get food, cloth, bills etc day to day expenses. In that case your wife or child may have to work for survive. In summary your family get more poor than current situation. If every family is doing the same then our country get poor and more poor. So we have to plan our family safety.
Term of Life Insurance : When you going to buy life insurance then think as different way.
I use life insurance as property creator and recommend you too take life insurance for whole life. Currently everyone is taking life insurance for certain tenure. After completing of tenure, you get money and policy end.
This is blunders. Please let me know.. when car tyre get maximum chances to puncher ?. I know your answer will be when tyre get old. So the same scenario, when is maximum chances to die, everyone will say that when become old. And at that time everyone get uninsured. So always take policy for whole life. As all insurance company focus not to sale whole life policy due to his liabilities.
I hope, I have given my thoughts in a proper way to you.
Please feel free to call or whatsapp @9891423442 or visit us www.agindiaonline.com for more