Future Generali Smart Life

Invest In Tax Saving Mutual Funds Online

Download Tax Saving Mutual Fund Application Forms

Buy Gold Mutual Funds

Call 0 94 8300 8300 (India)

 

Future Generali Smart Life

 

	Objective		This is an online term insurance policy, not available through any other distribution source.
What does it do?		This is a pure risk term insurance plan that pays policy benefits to nominees when a claim is made.
Pros		High sum assured policies can get a rebate on premium. A lapsed policy can be revived within 3 years from the date of lapse, unlike most of its peers which provide a revival term of 2 years. With the combination of accident and dreaded disease rider; the policyholder can maximise deductions under Section 80C and Section 80DD on premiums paid.
Cons		The policy is available online only. The premiums can only be paid annually. There are no rider options available with this plan.
Suited for		Those who prefer online purchase over agents' assistance can buy this policy. A pure risk term plan is a definite buy for everyone.
Our View		By eliminating intermediaries on sale of the policy, the insurer is able to provide lower premium rates. The scope of enhancing the risk cover with the plan is limited as there are no riders. The discount on premiums for large sum assured policies can make a meaningful difference to the cost.

 

	Eligibility
Entry Age (years)
Minimum		18
Maximum		60
Maximum Maturity Age (years)		68
Policy Term (years)
Minimum		8
Maximum		30
Sum Assured (Rs)
Minimum		1500000
Maximum		4999999
Minimum Premium (Rs)
Yearly		2500
Premium Payment Frequency		Yearly
Premium Payment Term		Regular, equal to policy tenure
Policy Cover		Cover remains fixed for the tenure of the policy
Other Features
Free Look Cancellation		In case, you are not satisfied, you may choose to cancel the policy within 15 days of receiving the policy documents. Upon such cancellation, you will be paid back the premiums, minus the cost of stamp duty, medical reports and proportionate premium for the period for which the risk was covered
Grace Period		You are allowed to pay premiums within 30 days from the due date. If a due premium is not received within the grace period of 30 days, your policy will lapse and the life insurance cover, including the rider cover, if any, will be terminated
Lapsed Policy Reinstatement		You can reinstate your lapsed policy any time (within 3 years from the due date of the first unpaid premium) by paying all the due premiums and undergoing underwriting requirements, if any
Tax Benefits		Section 80C and Section 10 (10D) of the Income Tax Act, 1961 would apply
Exclusions		In case of death by suicide during the first policy year, or within one year from the date of reinstatement, no death benefit is payable
Surrender Value		There is no surrender benefit in this plan
Customer Service
Address		Future Generali Life Insurance, Indiabulls Finance Centre, Tower 1, 12th & 15th Floor, Senapati Bapat Marg, Elphinstone (W), Mumbai - 400 013

Happy Investing!!

We can help. Call 0 94 8300 8300 (India)

Leave your comment with mail ID and we will answer them

OR

You can write back to us at PrajnaCapital [at] Gmail [dot] Com

---------------------------------------------

Invest in Tax Saving Mutual Funds ( ELSS Mutual Funds ) to upto Rs 1 lakh and Save tax under Section 80C.

Invest Tax Saving Mutual Funds Online

Tax Saving Mutual Funds Online

These links can be used to Purchase Mutual Funds Online that are regular also (Investment, non-tax saving)

Download Tax Saving Mutual Fund Application Forms from all AMCs

Download Tax Saving Mutual Fund Applications

These Application Forms can be used for buying regular mutual funds also

Some of the best Tax Saving Mutual Funds available ( ELSS Mutual Funds )

1. ICICI Prudential Tax Plan Invest Online
2. HDFC TaxSaver Invest Online
3. DSP BlackRock Tax Saver Fund Invest Online
4. Reliance Tax Saver (ELSS) Fund Invest Online
5. Birla Sun Life Tax Relief '96 Invest Online
6. IDFC Tax Advantage (ELSS) Fund Invest Online
7. SBI Magnum Tax Gain Scheme 1993 Invest Online
8. Sundaram Tax Saver Invest Online
9. Edelweiss ELSS Invest Online

------------------

Best Performing Mutual Funds

1. Largecap Funds Invest Online
1. DSP BlackRock Top 100 Fund
2. ICICI Prudential Focused Blue Chip Fund
3. Birla Sun Life Front Line Equity Fund
2. Large and Midcap Funds Invest Online

1. ICICI Prudential Dynamic Plan
2. HDFC Top 200 Fund
3. UTI Dividend Yield Fund
2. Mid and SmallCap Funds Invest Online

1. Reliance Equity Opportunities Fund
2. DSP BlackRock Small & Midcap Fund
3. Sundaram Select Midcap
4. IDFC Premier Equity Fund
3. Small and MicroCap Funds Invest Online

1. DSP BlackRock MicroCap Fund
4. Sector Funds Invest Online

1. Reliance Banking Fund
2. Reliance Banking Fund
5. Tax Saver MutualFunds Invest Online
1. ICICI Prudential Tax Plan
2. HDFC Taxsaver
3. DSP BlackRock Tax Saver Fund
4. Reliance Tax Saver (ELSS) Fund
6. Gold Mutual Funds Invest Online

1. Relaince Gold Savings Fund
2. ICICI Prudential Regular Gold Savings Fund
3. HDFC Gold Fund