Review Aegon Religare I-Maximize: Low cost Online ULIP to multiply your returns

It was in later part of 2009 that Online term Insurance was launched by Aegon Religare by the name of I-Term plan, which at that time had offered us at less than half the rate then prevailing in the market. Later there was a revolution in the market and many other Insurance companies followed the same Route to offer Term Insurance Product Online. This included ICICI Prudential with Launch of I-Protect, Metlife's Metprotect, and Kotak Life Insurance with Kotak Term Plan. Since the launch of these products people are becoming more aware and they have started realizing the importance of Term Plan.

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Tax Saving and other Investment option in India Ready Reckoner

I wish All my readers a Very Happy new Year. Since financial year end is approaching fast, we have very less to to invest in tax savings instruments. Please find comparison of various investment options in the form of a ready reckoner.

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ICICI Prudential Child care Plan from ICICI Prudential Mutual Fund

Yes, its a Mutual Fund. Children Plans which has always been in the form of Life insurance, is what we all have heard, which had been working exactly like normal ULIP's or Mutual fund with slight twist and turns. Actually it never added any value except for the fact that it was sold with an emotional touch, but with very high Loading Charges.

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Twelve steps before buying an Insurance policy

Insurance is one of the most important aspect of financial planning, which takes care of the Risk part. However it is really difficult to understand which Insurance product is most suitable according to our needs as well as stages in our life. Most of us rely on the expertise of their Insurance advisor, broker, or sales representative to help us make the right decision. It would not be advisable to rely totally on the advise of Insurance agents/Representative as Insurance is a push based product and the product in which agents/representatives get is generally advised by them.

Here are some steps you can take to ensure you get the right product for the right price:

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Charges levied in ULIP Policies

Are you aware of all kind of charges you pay in your ULIP? Many people do this mistake, by listening to the magical words of insurance agents, However you note that Your insurance agent is so humble just because his earnings and commissions are totally dependent on the policy sale to you. Just for your information, whichever policy charges highest, pays highest commission to agents and hence they pitch in the same policy to you .

However all charges are not the same in all the policies and even 2 policies from the same life insurance company may have different charges. Hence We at http://www.assettreat.com make an effort to educate all its readers about various charges being charged in the ULIP policy.

Please compare the below mentioned charges before

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Lowest Premium Term Insurance Policy in India & Lowest Charges Unit Linked regular Premium Policy

Friends, I have personally shortlisted 2 types of insurance which can be bought online only. Since there are no agents involved, charges deduction in these pans are minimal and even agent's profit share are passed on to you.

Term Insurance plan
The term insurance plan with lowest premium is offered by Aegon Religare I-term plan. This is an online insurance and hence can be bought online only or by calling the toll free customer helpline no of the company. You will be amazed to see that premium offered by this company is 50% lower than any other Life insurance company. According to me this insurance deal is a steal.

Please find the comparison of Term insurance policies from various Insurance companies for a 30 year old healthy male for a term of 25 years.

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Retirement/Pension Plan with lowest charges

I have personally gone through Pension plans of various life insurance companies and found the lowest charge ULIP. One is Bajaj Allianz Retirement Advantage SP(Single Premium) and Second is LIC Market Plus

Main Advantage of Bajaj Allianz is Online switching option through internet is there and also Unlimited switches are free. Trust me no insurance company is giving Unlimited free switches. Also policy administration charges are levied for first four policy years only.

Although Being a single premium policy for both LIC and Bajaj Allianz, you can invest with unlimited topups with just 1% allocation charges.

Charges Under Bajaj Allianz Retirement Advantage SP

! Policy Administration Charges will be chargeable for the first four

policy years only, by monthly cancellation of units. It will be 1.2% of

the single premium subject to a maximum of Rs. 600/- per annum

at the inception of the policy. The charge will inflate at 5% per

annum at every policy anniversary.

! Fund Management Charge will be 1.35% per annum of the net

assets value for Equity Growth Pension Fund, Accelerator Mid-Cap

Pension Fund and Pure Stock Pension Fund, 1.25% p.a. of the NAV

for Equity Index Pension Fund II and Asset Allocation Pension Fund

0.95% p.a. of the NAV for Bond Pension Fund and 0.95% p.a. of NAV

for Liquid Pension Fund will be charged.

! Switching Charges: Unlimited free switches would be allowed

under the plan.

! Allocation Rate: The allocation to your fund will be 98% of single

premium & 99% of top up premium.

! Surrender Charge: Nil

! Miscellaneous Charge: The miscellaneous charge would be

charged at the rate of Rs.100/- per transaction in respect of

reinstatement, alteration of premium mode, increase in regular

premium or issuance of copy of policy document.

The above charges are subject to applicable service tax.