The risk of death is covered under insurance scheme but not under ordinary savings plans. In case of death, insurance pays full sum assured, which would be several times larger than the total of the premiums paid. Under ordinary savings plans, only accumulated amount is payable.
Term Life insurance is the purest and most cost effective form of life insurance. This type of life insurance provides financial protection to the nominee in case policyholder dies during policy term. Term Insurance policies provide high life cover at lower premiums.
Term insurance is a type of life insurance policy that provides coverage for a certain period of time or a specified "term" of years. If the insured dies during the time period specified in the policy and the policy is active, or in force, a death benefit will be paid. Our future plans and financial goals demand protection from twists and turns of life. A comprehensive term plan with competitive premium can be a perfect shield against financial stress caused by any life event.
Our Plan is a complete term plan that is easy on your pocket and yet provides you an all-encompassing life cover. It not only offers you the option to get back the entire premium at the time of maturity but also protects you against financial loss from several critical illnesses. Multiple variants of the plan are designed to offer a customized solution to suit your unique needs. All in all, is a complete term plan with new-age features in line with your evolving needs.
Investment is one of the best ways to fulfil your family’s and your personal aspirations by maximizing your income. It involves the allocation of small amounts of money over a period of time to gain profit and grow your money. However, investments are subject to market risks and depend majorly on multiple economic factors.
Investments in India can be classified into short-term investments and long-term investments. Short-term investments provide a considerable amount of returns within a in a certian period of years. Unlike short-term investments, long-term investments protect you from the fluctuating situations of markets, the risks in returns, and offer better tax benefits.
A steady strong ship is a smart way to manoeuvre through choppy seas. Similarly, a viable financial plan will help you sail through the various turns of life. A life insurance policy with a significant life cover is designed to help you manage the surprises of life, celebrate milestones and help in your family’s life goals.
This life insurance investment option is a non-linked, life, participating, individual, limited premium, endowment saving plan, which is filled with benefits to help you and your family work towards your life goals in an easy manner. Further the financial security or life cover helps your family stay on track with their life goals, even in your absence.
Savings plans are life insurance policies that prepare you to meet unexpected future events, whether they concern you or a loved one. The best savings plans in India offer a high amount of coverage whether you wish to pay for a medical emergency or a happy event like sending your child to a foreign university. By dint of systematic savings and investment, you can create a large corpus for future use. There are different savings schemes that account for varying goals, terms and expectations. We offer a wide range of savings plans that provide you with a regular income, promise high and steady growth, and have multiple policy term options. Every one of us has Life goals that we want to achieve in life. But some of the Life Goals are non-negotiable and we would like to achieve them with guarantee. Smart financial decisions, such as investing in guaranteed income plan, might help to turn these Life Goals into a reality.
Retirement plans offered by life insurance companies are bundled products, offering the benefits of both insurance and investment.
The first is the accumulation phase, during which you pay premiums and the money accumulates through the tenure of the plan. The accumulated money is then invested in securities approved by the Insurance Regulatory and Development Authority (IRDA ), the insurance regulator.
These products are designed to protect the value of your principal while at the same time provide you with steady returns.
The accumulation stage is followed by the vesting age, which is the age when you start getting payouts from the kitty. This can be selected by you. The vesting age in most plans is 40 to 70 years. The period when a person gets pension is also called the annuity phase.
In the immediate annuity option, a person can pay in lump-sum, instead of over the years, and start getting income immediately. The frequency of payments received can be monthly, quarterly, half-yearly or annually.
A child insurance plan is a combination of insurance and investment that ensure a secure future for your child. Life cover is available as a lumpsum payment at the end of policy term. Not just this, these plans also provide flexible payouts at important milestones of your child's education. While one may not want to think about unfortunate situations like death or serious medical illness, it’s important that you shield your child’s future against such incidents. Child Insurance Plans ensure that your child’s future financial needs are taken care of even in your absence. As a parent your biggest asset is your child/children and you are always most eager to see their life goals being fulfilled. Each of their precious milestones make a happy memory for you, and also helps them in preparing for their life goals. While some dreams have no financial obligation to them, several others of your child’s goals require both time and a financial investment from you. Perhaps, maybe that is why the wise suggest that you save and invest towards your child’s life goals as soon as they are born. By starting early, you not only automatically enjoy the several benefits of long-term investing, you are also able to celebrate your child’s milestones with no worry in the financial front. A traditional savings cum insurance plan will help you become a disciplined investor thus ensuring your child achieves their life goals. It is a traditional, participating, regular and limited premium payment endowment plan, which enables you to plan for financial milestones of your child’s growing years
One of the major benefits of a corporation is an individual's limited liability for business debts. However, the protection does have its limits. Corporation directors, officers and employees can be held financially liable for personal actions. Several types of corporate insurance, also known as business insurance, protects individuals involved in the company and the corporation itself.
Health Insurance is a health care coverage product that is steadily gaining importance in India due to rising medical inflation every year. Under a health insurance policy, the medical expenses of an individual or a group of individuals are covered by an insurance company or the 'insurer'. For availing the benefits of insurance, the individual(s), also called the 'insured' is required to pay a specific sum or 'premium' to the insurer.
Health insurance plans offer comprehensive health coverage. That is, it covers a range of medical expenses incurred by the insured. The expenses are not just limited to hospitalization costs incurred as a result of injury, illness or any chronic ailment.
Based on the health insurance plan, the insurer may either reimburse the incurred costs or settle the medical bills directly with the healthcare provider. Health insurance makes it easy for people to avail cashless quality medical treatment in a network hospital.
Best Health Insurance Plans
The top 6 best health insurance plans are:
Health Insurance for Family.
Health Insurance for Senior Citizens.
Maternity Health Insurance.
Diabetes Health Insurance.
Health Insurance Top Up.
Purchasing the best health insurance plan becomes easy with the online facility that allows buyers to browse through a number of available health insurance policies and choose the one that rightly fulfills their unique healthcare requirements. Buying a health insurance policy online is a highly convenient option for you owing to paperless processing, availability of complete policy details and hassle-free procedures for filing claims.
With the number of vehicles increasing on the roads and rash driving being at its prime, there is no guarantee of being able to not meet an accident. Such unavoidable circumstances can lead to serious injuries and sometimes death as well. This is when personal accident insurance kicks in.
Personal accident insurance is a type of plan which is offered to the insured person in order to provide a person or his/her family with financial compensation in case of an accident. It offers you the sum insured in the following cases:
When the insured person incurs injuries due to an accident
When the insured person faces permanent/partial treatable/untreatable disabilities
When the insured person dies in the accident
In most of the cases, people tend to get personal accident insurance when they purchase the car/motor insurance. Depending on the plan you choose, the premium costs and the amount of sum insured would vary. Also, there are a variety of other factors as well that play an important role in determining the premium you will have to pay for personal accident insurance, such as coverage for accidents occurring abroad, additional compensation to the family, child education benefit, ambulance allowance, etc.
Critical illness insurance is also known by other terms such as dread disease policy. It is one of the most critical insurance policies one should opt for these days. In a critical illness insurance policy, the insured person is provided a financial compensation in case the person is diagnosed with any of the critical illnesses that are pre-defined in the policy.
The list of critical illnesses may vary from one insurance policy to another. It is important to check these details explicitly before signing up for the policy. Religare’s critical illness insurance policy offers you coverage against over 32 critical illnesses. A lot of people consider this type of insurance policy as a “bolt-on” for their life insurance policy. These policies generally provide you financial support against medical treatments, recuperation, etc.
It's our responsibility to think for those who help us succeed. Your employees are the real drivers of change for you & we are committed to safeguard them against any Health related exigencies. With Group Care - our comprehensive health insurance that offers you flexibility to design a plan that best suits your employee's needs and help them stay financially afloat. It is best suited for institutions which looks for premium and quality healthcare coverage for their most valuable assets. It offers wide range of sum insured options from 50 thousand to 10 lakhs with different family definitions and host of additional benefits like wellness initiatives, complementary annual health check-up and much more....
In-Patient Hospitalization, Day Care Tratment, Pre Hospitalization & Post-Hospitalization, Ambulance Cover , No pre-policy Medical Check-up Wide Range of Sum Insured options, New Born Cover from Day 1
A group travel policy provieds coverage and protection to anyone travelling from an organization on a official trip. Group travel insurance plan is available for single as well as for multiple trips in a year.This plan is best fit for domestic and international trips. Personal accidental coverage benefits is also there for additional protection, which is a great way to ensuring financial protection for all employyees. We have a wide variety of sulution to choose From which are customizalble. Emergency medical costs, medical evacuation, hijact distress allowance or cancellation of triip are few of the benefitd covered by group travel insurance.
A two wheeler insurance policy provides you with the financial shield against the losses or damages incurred on or by your two wheeler. If you do not have a valid two wheeler insurance policy, the cost of all the financial losses, which may incur on or by your bike, would have to be borne by you. So, it is advised to stay legally and financially protected with the shield of good two wheeler insurance policy at all times.
Car Insurance works as a safety net for the owner/user of the car. Realising its importance for car owners across the country, the Government made it obligatory for vehicle owners to have a third-party insurance cover for their vehicle. This means you have to buy a policy for your car to avoid any penalty/losses/legal trouble in the future.
Purchasing a car insurance policy is often a formality among many car owners because the only reason they care about getting a cover for their four-wheeler is that it is mandatory by law. Low premium plans are generally preferred since they are easy on the pocket. This means that spending on an inadequate cover that can make the owner pay a hefty amount out of his pocket in the event of a mishap or damage.
It is very important to invest in a comprehensive car insurance plan that’s right for you. Keep in mind that you need to understand the terms and conditions of the car insurance plan and draw a comparison with other policies to come at a suitable decision.
You may be an owner of a commercial vehicle but do you have insurance to back your vehicle. A comprehensive vehicle insurance policy online protects your vehicle at the same time protects your business thus giving your business a smooth flow. Your commercial vehicle remains protected from damages or road mishap.
Under the goods carrying vehicle insurance if you have a valid policy, you need not worry about the stress that may come at the later stage. Maybe you have a change of driver, well you are still protected.
A third party commercial insurance online policy protects from legal liabilities to the third party or its property, this can also include bodily injuries or death.
A comprehensive commercial insurance policy furthermore protects from the theft of your insured vehicle.
If you own a passenger carrying vehicle is just not enough, you need to look into the safety of the vehicle thus own a passenger carrying vehicle insurance and save yourself from law and order. Passenger carrying insurance covers legal liabilities, bodily injuries, and death to the third party.Passenger Carrying Vehicle Insurance Online compromises monetary payment in the event of luckless accident or mishap with a comprehensive policy thus abolishing the concern of monetary setbacks. Passenger carrying vehicles are vulnerable to different scenarios in these days. Passenger carrying vehicles can be involved in an accident or be stolen. Thus capitalizing passenger Carrying Vehicle Insurance Online will protect you from huge financial losses. Purchasing the right or renewing your insurance to avail the benefits of your policy. In the event the vehicle is recommended by the bank under EMI payments and being unfortunate your vehicle is stolen or is completely damaged then, insurance emanates to pay off the loan amount.
The age old adage, “Home is where the heart is” stands true, especially when that home is the result of your hard earned money. A place where you weave your dreams and watch them come to life, your home needs to be secured as much as anything else in life. Home Insurance, also known as property insurance is the best way to keep your house protected. Safeguarding your property from threats like natural calamities, missile test damage, fire, burglary, and other unforeseen events, house insurance offers complete peace of mind and keeps you financially covered for the monetary loss incurred.
These funds buy investments that pay a fixed rate of return like government bonds, investment-grade corporate bonds and high-yield Corporate Bonds. They aim to have money coming into the fund on a regular basis, mostly through interest that the fund earns. High-yield corporate bond funds are generally riskier than funds that hold government and investment-grade bonds.
These funds invest in short-term fixed income securities such as Government Bonds, treasury bills, bankers’ acceptances, commercial paper and certificates of deposit. They are generally a safer investment, but with a lower potential return then other types of mutual funds.
These funds invest in stocks. These funds aim to grow faster than money market or fixed income funds, so there is usually a higher risk that you could lose money. You can choose from different types of equity funds including those that specialize in growth stocks (which don’t usually pay dividends), income funds (which hold stocks that pay large dividends), value stocks, large-cap stocks, mid-cap stocks, small-cap stocks, or combinations of these.
These funds invest in a mix of equities and fixed income securities. They try to balance the aim of achieving higher returns against the risk of losing money. Most of these funds follow a formula to split money among the different types of investments. They tend to have more risk than fixed income funds, but less risk than pure equity funds. Aggressive funds hold more equities and fewer bonds, while conservative funds hold fewer equities relative to bonds.
These funds aim to track the performance of a specific index such as the S&P/ TSK Composite Index. The value of the mutual fund will go up or down as the index goes up or down. Index funds typically have lower costs than actively managed mutual funds because the portfolio manager doesn’t have to do as much research or make as many investment decisions.
These funds focus on specialized mandates such as real estate, commodities or socially responsible investing. For example, a socially responsible fund may invest in companies that support environmental stewardship, human rights and diversity, and may avoid companies involved in alcohol, tobacco, gambling, weapons and the military.
These funds invest in other funds. Similar to balanced funds, they try to make asset allocation and diversification easier for the investor. The MER for fund-of-funds tend to be higher than stand-alone mutual funds.
Demat account (short for Dematerialized account) is an account to hold financial securities (equity or debt) in electronic form. In India, Demat accounts are maintained by two depository organisations, National Securities Depository Limited and Central Depository Services Limited. A Depository participant, such as a bank, acts as an intermediary between the investor and the depository. The Demat account number is quoted for all transactions to enable electronic settlements of trades to take place. Access to the Dematerialized account requires an internet password and a transaction password. Transfers or purchases of securities can then be initiated. Purchases and sales of securities on the Dematerialized account are automatically made once transactions are confirmed and completed.
Benefit Of Demat Services
*Easy and convenient way to hold securities
*Safer than paper-shares
*Reduced paperwork for transfer of securities
*Automatic credit into Demat account for shares arising out of bonus/split, consolidation/merger, etc.
*A single Demat account can hold investments in both equity and debt instruments
*Traders can work from anywhere (e.g. even from home).
*Reduced transaction cost
*No "odd lot" problem: even one share can be sold
*Transmission of securities is done by the depository participant, eliminating the need for notifying companies.
*Change in address recorded with a depository participant gets registered with all companies in which investor holds securities eliminating the need to correspond with each of them separately.
In finance, a loan is the lending of money by one or more individuals, organizations, or other entities to other individuals, organizations etc. The recipient (i.e., the borrower) incurs a debt and is usually liable to pay interest on that debt until it is repaid as well as to repay the principal amount borrowed. The document evidencing the debt (e.g., a promissory note) will normally specify, among other things, the principal amount of money borrowed, the interest rate the lender is charging, and the date of repayment. A loan entails the reallocation of the subject asset(s) for a period of time, between the lender and the borrower. The interest provides an incentive for the lender to engage in the loan. In a legal loan, each of these obligations and restrictions is enforced by contract, which can also place the borrower under additional restrictions known as loan covenants. Although this article focuses on monetary loans, in practice, any material object might be lent. Acting as a provider of loans is one of the main activities of financial institutions such as banks and credit card companies. For other institutions, issuing of debt contracts such as bonds is a typical source of funding.
Real estate is real—that is, tangible—property made up of land as well as anything on it, including buildings, flora and fauna, and natural resources. Real estate has three basic categories: residential, commercial and industrial. When it comes to investing, residential real estate is less expensive and more feasible to individuals, while commercial real estate is more valuable and more stable. As an investment, real estate offers income and capital appreciation. You can invest in real estate directly—buying land or property—or indirectly through buying shares in publicly traded real estate investment trusts (REITs) or mortgage-backed securities (MBS).
ELLABIC is a brand of RJ Multi Services(RJMS). RJMS is one of India’s leading partnership firm provide various Financial Services like Life Insurance, General Insurance, Term Insurance, Mutual Fund, Loan And Assets etc, E-commerce Services, Manufacture Units and many others. RJMS began its operations in March 2019.