Invest In Tax Saving Mutual Funds Online
|
| ||
|
These are policies issued online as against a physical copy. Banks accept e- policies for loans against them and the repository will make a remark on the same. E- policies are bought online. However, a few insurers still send the policy in a hard copy after it has been purchased online. This obviates the utility of buying a policy online. Hence, the Insurance Regulatory and Development Authority (IRDA) now allows insurers to partner one or more insurance repositories (NSDL, CAMS, etc) where life insurance policies sold to customers are saved in an electronic form. Insurers are gearing up and building infrastructure so they can issue all types of life policies in e- format. At present, no deadline has been given to insurers. However, customers will continue to have the option to digitise policies or have those in a physical format. Once insurers start issuing e- policies, slippages will reduce and the quality of after- sales service will improve. The cost incurred by the insurers would drop, leading to a decline in insurance premiums. About 20,000 e- policies are sold online monthly, mainly in health, motor and protection (term) products. E- policies help customers to buy a policy without the help of an agent. Another benefit of an e- policy is you don't have to undergo the know- your- customer norms every time you buy an insurance. At present, it takes two to three weeks to issue a policy offline, whereas an online one can be issued in a week. E- policies make it easier for insurers to maintain and records. The issuance of duplicate policies in case policy documents are misplaced would become easier and the customer would have an easy access to the online repository. The e- format would also enable quick retrieval of policies, leading to faster claim processing. One can also reduce the chances of an insurance policy getting rejected. Life products sold online today go through the underwriting checks during the buying process itself. Any ambiguity an insurer has about a customers health is discussed with him and only then he is allowed to buy it online. Also, since the purchase would be genuine, this would result in people holding their policies for a longer time, with fewer lapsed policies. Insurers are gearing up and building infrastructure so they can issue all types of life policies in the electronic- format. At present, no deadline has been given to insurers. However, customers will continue to have the option to digitise policies or have those in a physical format | ||
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 )
- ICICI Prudential Tax Plan Invest Online
- HDFC TaxSaver Invest Online
- DSP BlackRock Tax Saver Fund Invest Online
- Reliance Tax Saver (ELSS) Fund Invest Online
- Birla Sun Life Tax Relief '96 Invest Online
- IDFC Tax Advantage (ELSS) Fund Invest Online
- SBI Magnum Tax Gain Scheme 1993 Invest Online
- Sundaram Tax Saver Invest Online
- Edelweiss ELSS Invest Online
Best Performing Mutual Funds
- Largecap Funds Invest Online
- DSP BlackRock Top 100 Fund
- ICICI Prudential Focused Blue Chip Fund
- Birla Sun Life Front Line Equity Fund
- Large and Midcap Funds Invest Online
- ICICI Prudential Dynamic Plan
- HDFC Top 200 Fund
- UTI Dividend Yield Fund
- Mid and SmallCap Funds Invest Online
- Reliance Equity Opportunities Fund
- DSP BlackRock Small & Midcap Fund
- Sundaram Select Midcap
- IDFC Premier Equity Fund
- Small and MicroCap Funds Invest Online
- DSP BlackRock MicroCap Fund
- Sector Funds Invest Online
- Reliance Banking Fund
- Reliance Banking Fund
- Tax Saver MutualFunds Invest Online
- ICICI Prudential Tax Plan
- HDFC Taxsaver
- DSP BlackRock Tax Saver Fund
- Reliance Tax Saver (ELSS) Fund
- Gold Mutual Funds Invest Online
- Relaince Gold Savings Fund
- ICICI Prudential Regular Gold Savings Fund
- HDFC Gold Fund
Posts
No comments:
Post a Comment