SBI Life - Saral Pension

Retirement – means giving up work and continuing to Celebrate Life! SBI Life - Saral Pension is a traditional, participating pension plan which offers you complete safety from market volatility, by providing you a secure future and a joyous retirement.

Key Features:
Guaranteed Bonus: Guaranteed simple reversionary Bonuses for first 5 years; @ 2.50% for first three years and @2.75% for the next two years, of the Sum Assured. Guaranteed bonus will be applicable only to in-force policies.
Vesting (Maturity) benefit: Sum Assured plus vested simple reversionary bonuses plus terminal bonus, if any. The sum assured carries an implicit guaranteed interest rate of at least 0.25% p.a. compounding annually.
Death Benefit: Total premiums paid till date accumulated at an interest rate of 0.25% p.a. compounded annually plus vested reversionary bonus plus terminal bonuses, if any.

You can buy immediate annuity from your entire proceeds or commute upto one-third of the policy proceeds and buy annuity with the rest.
Flexibility: You can defer the vesting date upto age of 70 years or extend the accumulation / deferment# period of your policy
# If age at vesting is below 55 years.

Product Snapshot
Age at Entry
Min: 18 years 
For Single premium: 65 years,

For Regular premium: 60 years
Age at Vesting
Min: 40 years
Max: 70 years
Policy Term
For Single premium: 5 years,

For Regular premium: 10 years
Max: 40 years
Sum Assured**
Min: Rs.1,00,000/- (x 1,000/-)
Max:  No Limit
Premium Frequency
Single / Yearly / Half-yearly / Monthly##
The premiums for various modes as percentage of annual premium are given below:
Monthly Premium- 8.4% of annual premium
Half-yearly Premium- 50.2 % of annual premium
Min:  Rs.7,500 p.a.
Max: No Limit
All the references to age are age as on last birthday.
##3 Months premium to be paid in advance and renewal premium payment through Electronic Clearing System (ECS) or Standing Instructions (where payment is made either by direct debit of bank account or credit card]

**Sum Assured is always greater than or equal to Total premiums paid accumulated at an interest rate of 0.25% p.a. compounded annually

Vesting Benefit: 
On attaining the vesting age, the vesting benefit proceed will be the Sum Assured plus Vested Simple Reversionary bonus plus Terminal bonus, if any. You have the following options:

To purchase immediate annuity from the entire policy proceeds 

To purchase immediate annuity with an option to commute upto onethird of the policy proceeds as per current Income Tax* rules 

To utilize the entire proceeds to purchase a Single premium deferred pension product 

To extend the accumulation period or defer the vesting date, provided you are below age of 55 years on vesting. The maximum extended period will be up to age 70 years. 
Death Benefit:
In an event of death of the policyholder, the death benefit proceed will be total premiums paid accumulated at an interest rate of 0.25% p.a. compounded annually plus vested reversionary bonus plus terminal bonuses, if any, will be paid to the nominee. The nominee will have the following options:

Receive entire proceeds as lump sum

Utilize the entire proceeds of the policy or part thereof for purchasing an annuity at the then prevailing rate
Tax Benefits*:

Premium paid under this policy is eligible for tax deduction u/s 80CCC of the Income Tax Act

On vesting, the policy holder can currently commute up to one-third of the policy proceeds as per Income Tax Act, 1961. This commuted value is exempted from tax under section 10(10A) (iii) of the Income Tax Act 1961. The non commuted pension amount taken in the form of immediate annuity is currently taxable.

Under section 10(10D) of the Income Tax Act 1961, the lump sum death proceeds is not taxable.

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You may contact me and schedule an appointment for more details @ 09347848640 (Naresh)

Apollo Munich Health Insurance Plans

=> Comprehensive coverage for hospitalisation
=> Sum insured options ranging from 3 lakhs to 15 lakhs
=> Cashless hospitalization in more than 4000 hospitals across India
=> Lifelong Renewal
=> No Sub-Limits on room rent or Co-Payments
=> No additional loadings at renewal due to claims
=> First of its kind Restore benefit which restores entire sum insured with no extra charges
=> Unique multiplier benefit that offers a bonus of 50% of sum insured for every claim free year

=> Covers spouse, dependent children and dependent parents under one plan
=> Sum insured options ranging from 3 lakhs to 15 lakhs
=> Cashless hospitalization in more than 4000 hospitals across India
=> Lifelong Renewal
=> No Sub-Limits on room rent or Co-Payments
=> No additional loadings at renewal due to claims
=> First of its kind Restore benefit which restores entire sum insured with no extra charges
=> Unique multiplier benefit that offers a bonus of 50% of sum insured for every claim free year

=>  A Plan exclusively created for Senior Citizens above 61 years of age. 
=> Choose insurance cover starting from 2-5 Lakh
=>  Comprehensive coverage for hospitalization
=> Lifelong cover for self and spouse
=> No claim-based loadings on renewals
=> Cashless treatment across 4000 network hospitals across 800 cities
=> 5% Discount on Renewal Premium for every Claim Free Year 
=> Free second opinion from medical panel for listed ‘Critical Illnesses’

Let's Uncomplicate With best-in-class benefits
=>  Wide options Choose from the wide choices of the sum insured starting from Rs 1 lac to 10 lacs and enjoy best health insurance benefits at affordable premium. 
=>  Portability - A customer-friendly policy that ensures that you avail of most of the accrued benefits when you opt for Apollo Munich Health’s Easy Health Insurance Plans. Assuring the availability of best healthcare, they promise wide ranging benefits. It assures a trouble free medical care giving a provision for a secured tomorrow. The reasonable insurance cost resolves the affordability issues for all.
=>  Pre-Hospitalization and Post-Hospitalization cover - Pre-Hospitalization and Post-Hospitalization cover takes care of medical expenses incurred for treatment before and after hospitalization. It gives you relief from the medical expenses incurred before and after the hospitalization, that can sometimes prove to be as costly as the hospitalization expenses. Intimate your insurer about the hospitalization as per the policy guidelines and enjoy benefit of it.
=>  Cumulative Bonus - The insured receives an increment on the sum insured on account of a claim free year. The policy entitles the insured to a bonus amount on every renewal. In case of no claim the bonus gets accumulated, hence increasing the coverage amount at no extra cost.
=>  Tax Benefits - Get tax benefits for the premium amount under Section 80D of the Income Tax Act.

    Terms of Health Insurance Policy Renewal
=>  We offer life-long renewal unless the Insured Person or any one acting on behalf of an Insured Person has acted in a dishonest or fraudulent manner or any misrepresentation under or in relation to this policy or the Policy poses a moral hazard.
=>  Maximum Age - There is no maximum cover ceasing age in this policy. For Additional cover of Critical Illness maximum cover ceasing age in this policy would be 70 yrs.
=>  Waiting Period - The Waiting Periods mentioned in the policy wording will get reduced by 1 year on every continuous renewal of your Easy Health Insurance Plan.
=>  Renewal Premium - Renewal premium are subject to change with prior approval from IRDA.
=>  Sum Insured Enhancement - Sum Insured can be enhanced only at the time of renewal subject to no claim have been lodged/ paid under the policy. If the insured increases the sum insured one grid up, no fresh medicals shall be required. In cases where the sum insured increase is more than one grid up, the case shall be subject to medicals. In case of increase in the Sum Insured waiting period will apply afresh in relation to the amount by which the Sum Insured has been enhanced. However the quantum of increase shall be at the discretion of the company.
Acquire the coverage of a right health cover and ensure best health insurance coverage in times of need. 
This is only a summary of the product features. The actual benefits available are as described in the policy, and will be subject to the policy terms, conditions and exclusions. Please seek the advice of your insurance advisor if you require any further information or clarification.


Buy Health Insurance Policy - Contact Naresh (09347848640)

Max Bupa – Family First (Health Insurance plan)

Features (Gold*):

Hospital Accommodation - Single Private Room

In-patient Care (Hospitalisation)
We cover cost of medical treatment while you or your insured family members are hospitalized for treatment.

 Pre & Post Hospitalization Medical Expenses
We reimburse medical expenses incurred due to Illness up to 30 days period immediately before you get admitted to a hospital and 60 days immediately after you get discharged from a Hospital.

All Day Care Treatment Covered
We cover all day care Treatments, not a select few. However, such a procedure should not be in the outpatient department of a hospital.

      Maternity Benefits

The plan provides you maternity benefits for up to two deliveries. This benefit is available after you have paid three continuous premiums and only if a minimum of three adult members(including atleast one male person) are included in the same policy

       Newborn Baby

The new born baby will be covered as an insured person from birth without additional premium, till the next renewal, if the delivery of the baby is covered under the policy. We also cover vaccination expenses of the new born baby for the first year if you add the baby in the policy for the next policy year.

       Any Age enrollment

We cover every member of your family across every stage of life.

       Health Relationship Program

You are eligible for our Health Relationship Program if the Policy is renewed with us without any break. Under this program, you are eligible for health services and products with a market value of up-to 10% of your last paid premium.

       Free Annual Health Check-Up

Cost of health check-up arranged for you with our empanelled service providers.

           Tax Benefit

You will save tax under Section 80D of the Income Tax Act when you buy a Max Bupa health insurance policy. Tax benefits are subject to changes in the tax laws, please consult your tax advisor for more details.

       Direct Claim Settlement

We believe you should focus on the treatment of your loved ones rather than running after claim settlement. Therefore, all claims are processed directly by our own customer services team.

        Assured Policy Renewal for Life

Once insured with us, you will always remain our customers. We assure you renewability for life with no extra loadings based on your claim history.

       Organ Transplant

Medical Expenses for an organ donor’s treatment for the harvesting of the organ donated is also covered.

       Cashless Facility

You can access cashless facility at your nearest hospital.

           Domiciliary Treatment

In case a bed in the hospital is unavailable or on advice of the attending medical practitioner, treatment is administered at home; we pay for medical treatment taken at home, which would otherwise have required hospitalization.

           Emergency Ambulance

We also cover the ambulance expenses to transfer the policyholder following an emergency to the nearest hospital. These expenses are paid once we have accepted an In-patient claim.

           Free Look Period

We endeavor for transparency and complete satisfaction and therefore, our policies are transparent and easy to understand. If you are not satisfied, we provide a 15 day free look period within which you can cancel your plan stating the reason.

  Permanent Exclusions
Addictive conditions and disorders,  Ageing and puberty,  Artificial life maintenance, Circumcision, Dental/oral treatment, Conflict and disaster,  Congenital conditions, Convalescence and Rehabilitation, Cosmetic surgery, Drugs and dressings for Out-patient or take-home use,  Eyesight, Unproven/Experimental treatment, Health hydros, nature cure, wellness clinics etc.,  HIV and AIDS, Obesity,  Hereditary conditions, Genetic Disorder, Items of personal comfort and convenience, Alternative Treatment, Psychiatric and Psychosomatic Conditions, OPD Treatment, Reproductive medicine - Birth control & Assisted reproduction, Self-inflicted injuries, Sexual problems and gender issues,  Sexually transmitted diseases, Unrecognized physician or Hospital, Sleep disorders, Speech disorders, Treatment for developmental problems, Treatment received outside India, Unlawful Activity.

           What are the minimum and maximum policy durations?

You have the option of buying a health insurance policy for a period of one year or two years. You will be able to get discounts on purchase of a policy for two years. This is applicable for Heartbeat (Individual and Family Floater) and Health@Companion (Individual and Family Floater) plans on the premium for the second year only. At the end of your insurance period you need to renew your policy if you wish to continue being covered, without a break.

           Is there any tax benefit that one can avail of while purchasing Health Insurance?

Yes. You can avail a tax benefit available under Section 80D of the Income Tax Act 1961 by buying a health insurance policy. Every taxpayer can avail an annual deduction of Rs. 15,000 from his/her taxable income for health insurance premium for self and dependants. For senior citizens, this amount is Rs. 20,000. Please note that you will have to show the proof of payment of premium. (Section 80D benefit is different from the exemption of Rs 1,00,000 under Section 80 C). These benefits are as per prevalent applicable tax laws. We advise you to consult your tax advisor for further details or clarifications.

            Is a medical checkup necessary before buying a policy?

A medical checkup may be necessary when you sign up for a new health insurance policy. However, medical checkups are not usually needed for renewal of policies. It is in your best interests to undergo a medical check-up at the time of enrollment so that when you need us, we‘re there to provide speedy and efficient support and faster settlement of claims.

           What is Annual Insurance Cover?

The Annual Insurance Cover amount is the maximum amount payable during the year in the event of one or more claims. It is also known as ‘sum insured’ and ‘sum assured’. The premium of the policy is also dependent on the annual insurance amount that you choose.

         My wife and children are residing at Chandigarh while I am here in Delhi. Can I cover all of us in one policy?

Of course. You can cover your family residing in India under one policy. Your health insurance policy can be used by you all across India. For cashless facility, all you need to do is check for a Max Bupa network hospital near your place of residence. You can also get your claims reimbursed if you get treated at a hospital which is not in Max Bupa’s hospital network.
*Options: Gold & Silver available.


Max Bupa is also dealing with following plans:
Heartbeat (Individual and Family Floater),
Health@Companion (Individual and Family Floater)

You can buy policy by calling: Mobile 09347848640(Naresh)

Aviva Child Plan - Aviva Young Scholar Secure


At Aviva we believe there is no greater insurance in the world than a good education. Education is the bridge between your child’s dreams and reality. This journey has many milestones -schooling years leading up to Board exams, entrance exams, college years and professional courses. Each of the milestones has a cost attached to it right from extra coaching for Boards to reference material for entrance exams to admission fee for a professional course.
Now guarantee funds for each of these milestones with Aviva Young Scholar Secure and provide your child the best education. With Aviva Young Scholar Secure you can plan your savings and payouts for your child’s education in a manner that match the child’s educational journey.

· Entry age: Parent: 21-50 years and Child: 0-12 years (last birthday)
· Policy term: 21 minus age at entry of the child
  • Premium payment term: For entry age 0-8 years of child – 13 minus age of child
 For entry age 9-12 years of child: Fixed 5 years
· Premium Payment Frequency: Yearly, Half-yearly and Monthly
· Annual Premium: Silver – Rs 25,000; Gold – Rs 50,000; Diamond– Rs 100,000;
Platinum (5 options) – Rs 200,000/400,000/600,000/800,000 or 10,00,000
* Service tax as applicable from time to time will be payable separately
· Sum Assured: Based on age of the parent, age of the child and premium option
· Riders Available: Aviva Term Plus rider 

Death Benefit:
Upon death, Life cover is paid to the nominee (beneficiary) and the policy continues with all benefits intact. Any installment already paid by us will not be deducted from the death benefit.
All future installments of Tuition Fee Support, College Admission Fund & Higher Education Reserve will be paid on the scheduled dates
Additional benefits as detailed below will also be paid if the corresponding riders are opted for:
– Aviva Term plus rider Sum Assured is also payable on death if this rider has been opted for
The said benefits are applicable only if the policy is inforce as on date of eventuality.
Guaranteed Education Support Benefit:
This plan provides guaranteed Tuition fee support, College Admission Fund and Higher Education Reserve irrespective of you being there or not. Please click here for further details on payout pattern.
If you would like to understand the benefits using an Illustration please click here

Tax Benefit:
Tax benefits will be as per section 80C and 10(10(D) of Income Tax Act, 1961. Tax benefits as per the prevailing tax laws are applicable and are subject to change from time to time.
Contact me @ 09347848640 (Naresh)

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