காப்பீடு என்பது இடர்காப்பு மட்டுமில்லை , மிக பெரிய சொத்து சேமிப்பும் ஆகும் , உங்கள் குறிக்கோள்களை இதன் மூலமாகவும் அடையலாம்.

காப்பீடு என்பது இடர்காப்பு மட்டுமில்லை , மிக பெரிய சொத்து சேமிப்பும் ஆகும் , உங்கள் குறிக்கோள்களை   இதன் மூலமாகவும்  அடையலாம்.

P.SELLATHURAI. IFA
Financial Advisor
9443014015

ஓய்வூதியம்

ஓய்வூதியம்

P.SELLATHURAI. IFA 

Financial Advisor

9443014015

office: 04322-220299

How to Save Money

Saving money is one of those tasks that's so much easier said than done — everyone knows it's smart to save money in the long run, but many of us still have difficulty doing it. There's more to saving than simply spending less money, although this alone can be challenging. Smart money-savers also need to consider how to spend the money they do have as well as how to maximize their income. Start with Step 1 below to learn how to set realistic goals, keep your spending in check, and get the greatest long-term benefit for your money.

mutual funds

Birla Sun Life Fund Performance as on 21-Nov-2014
Scheme	1 Year	2 year	3 year	5 year	10 year
Birla Sun Life 95	51.73	27.23	22.99	14.99	19.08
Birla Sun Life Frontline Equity	54.48	30.75	27.85	15.48	22.05
Birla Sun Life Top 100	57.67	31.98	28.62	16.23	-
Birla Sun Life Equity	66.55	33.47	28.71	13.70	20.64
Birla Sun Life Mid Cap	76.89	32.38	27.31	13.79	21.28
Birla Sun Life Dividend Yield Plus	62.94	25.57	21.81	15.52	18.46
Birla Sun Life MNC	75.92	38.96	34.16	24.50	22.63
Birla Sun Life Pure Value	109.54	47.29	35.54	21.57	-
Birla Sun Life Tax Plan	61.15	32.27	27.80	15.33	18.22
Birla Sun Life Tax Relief 96	62.81	33.25	28.37	13.21	17.96

personal financial planning advice

gift your child the future he/ she deserves with

PLAN TODAY FOR RETIREMENT

உங்கள் எல் ஐ சி பாலிசியின் பிரிமியத்தை நேரடியாக ஆன் லைன் மூலமாக செலுத்த

உங்கள் எல் ஐ சி பாலிசியின் பிரிமியத்தை நேரடியாக ஆன் லைன் மூலமாக செலுத்த 
இங்கே கிளிக் செய்யவும்  :

https://customer.onlinelic.in/online_payment.htm

https://customer.onlinelic.in/LICEPS/appmanager/OnlinePayment/OnlinePaymentHome

clia award

உங்களின் குழந்தைகள் எதிர்கால படிப்பு

உங்களின் குழந்தைகள் எதிர்கால படிப்பு

Electronic insurance policy still to take off in big numbers

Electronic insurance policy still to take off in big numbers 

Digitisation of insurance policies may take some more time to take off a large scale, with customers not being too eager to convert their policies into an electronic format. Insurance industry officials said that at present while all processes have been initiated, only a small percentage of policyholders have made their policies into a paperless format.
"Customers have expressed their reluctance to have a non-paper policy that can be accessed with one number, since they are more comfortable in having a physical document," said a senior executive of a life insurance company. Insurance Regulatory and Development Authority (Irda) has not mandated customers to digitise their policies, however it is anticipated in the next 8-10 years, all processes will move into an electronic format.
An Insurance Repository (IR) is a facility to help policy holders buy and keep insurance policies in electronic form, rather than as a paper document. These repositories, like share depositories or mutual fund transfer agencies, will hold electronic records of insurance policies issued to individuals and such policies are called ’electronic policies’ or ’e-Policies’.
Though Irda has only allowed life insurance policies to be digitised first, regulatory officials added that that non-life policies like health and motor will also be allowed to be digitised in the near future.
"Motor insurance policies may be digitised soon. However, we are not sure if the state transport authorities would accept motor policies in electronic format from vehicle owners. So, for the time-being, a physical document may still be necessary," said the chief claims official of a mid-size general insurance company.
Irda rules said that customers will be allowed the facility of portability, wherein they can port or shift from one IR to the other if they are not satisfied with its services. However, they will be given a new e-Insurance Account with a new number if they avail of this facility.
At present, there are more than 330 million life insurance policies and 90 million general insurance policies that are in force in the country. On an average, Irda’s estimates suggest that annually Rs 150-200 per customer is spent by an insurance company annually in maintaining policies in physical form. This initiative by Irda is expected to 1800 million pages annually and save more than Rs 100 crore for the industry.
The five companies include NSDL Database Management Limited, Central Insurance Repository Limited, CAMS Repository Services Limited, SHCIL Projects Limited and Karvy Insurance Repository Limited. Irda has recently clarified in its regulation on insurance repositories and said that insurers can enter into agreements with one or more repositories.
However, all insurers have not tied-up with all repositories to digitise existing policies. Hence, if an insured shifts from one company to the other which does not have a tie-up with a particular repository, it may be difficult to maintain records. "Policyholders are preferring to wait for another 12-18 months till all tie-ups with all repositories are in place, so that they do not face any administrative issues while transferring policies," said the chief executive of a bank-promoted insurer.
The objective of creating an insurance repository is to provide policyholders a facility to keep insurance policies in electronic form and to undertake changes, modifications and revisions in the insurance policy with speed and accuracy in order to bring about efficiency, transparency and cost reduction in the issuance and maintenance of insurance policies. Policyholders have an option to choose to either digitise their policy or to have it in the existing format.
These repositories are required to maintain records of e-insurance accounts with an unique number, records of e-insurance policies issued and records of e-insurance policies converted back into physical form, index of policyholders and their nominees / assignees / beneficiaries in the respective life insurance policies, among others. Further, they also have to maintain history of claim data.

9-Apr-2014
Source : Business Standard

Electronic insurance policy still to take off in big numbers

Electronic insurance policy still to take off in big numbers 

Digitisation of insurance policies may take some more time to take off a large scale, with customers not being too eager to convert their policies into an electronic format. Insurance industry officials said that at present while all processes have been initiated, only a small percentage of policyholders have made their policies into a paperless format.
"Customers have expressed their reluctance to have a non-paper policy that can be accessed with one number, since they are more comfortable in having a physical document," said a senior executive of a life insurance company. Insurance Regulatory and Development Authority (Irda) has not mandated customers to digitise their policies, however it is anticipated in the next 8-10 years, all processes will move into an electronic format.
An Insurance Repository (IR) is a facility to help policy holders buy and keep insurance policies in electronic form, rather than as a paper document. These repositories, like share depositories or mutual fund transfer agencies, will hold electronic records of insurance policies issued to individuals and such policies are called ’electronic policies’ or ’e-Policies’.
Though Irda has only allowed life insurance policies to be digitised first, regulatory officials added that that non-life policies like health and motor will also be allowed to be digitised in the near future.
"Motor insurance policies may be digitised soon. However, we are not sure if the state transport authorities would accept motor policies in electronic format from vehicle owners. So, for the time-being, a physical document may still be necessary," said the chief claims official of a mid-size general insurance company.
Irda rules said that customers will be allowed the facility of portability, wherein they can port or shift from one IR to the other if they are not satisfied with its services. However, they will be given a new e-Insurance Account with a new number if they avail of this facility.
At present, there are more than 330 million life insurance policies and 90 million general insurance policies that are in force in the country. On an average, Irda’s estimates suggest that annually Rs 150-200 per customer is spent by an insurance company annually in maintaining policies in physical form. This initiative by Irda is expected to 1800 million pages annually and save more than Rs 100 crore for the industry.
The five companies include NSDL Database Management Limited, Central Insurance Repository Limited, CAMS Repository Services Limited, SHCIL Projects Limited and Karvy Insurance Repository Limited. Irda has recently clarified in its regulation on insurance repositories and said that insurers can enter into agreements with one or more repositories.
However, all insurers have not tied-up with all repositories to digitise existing policies. Hence, if an insured shifts from one company to the other which does not have a tie-up with a particular repository, it may be difficult to maintain records. "Policyholders are preferring to wait for another 12-18 months till all tie-ups with all repositories are in place, so that they do not face any administrative issues while transferring policies," said the chief executive of a bank-promoted insurer.
The objective of creating an insurance repository is to provide policyholders a facility to keep insurance policies in electronic form and to undertake changes, modifications and revisions in the insurance policy with speed and accuracy in order to bring about efficiency, transparency and cost reduction in the issuance and maintenance of insurance policies. Policyholders have an option to choose to either digitise their policy or to have it in the existing format.
These repositories are required to maintain records of e-insurance accounts with an unique number, records of e-insurance policies issued and records of e-insurance policies converted back into physical form, index of policyholders and their nominees / assignees / beneficiaries in the respective life insurance policies, among others. Further, they also have to maintain history of claim data.

9-Apr-2014
Source : Business Standard

step ahead in life with LIC"S new mony back plans

Shiksha Guarantee Plan

 

 

Shiksha Guarantee Plan

Pay premium for 12 years & get continuous money back every year for child's education from 13th year to 24th year
Highlights of the plan Get continuous money back (14 years) Short premium paying term (12 years) High risk cover on parent's life for 20 years Loan available anytime
Note: Plan can be customized as per customer requirements
For detailed illustration please refer to the next page.

LIC Nomura Mutual Fund aims at nearly doubling assets this fiscal

LIC Nomura Mutual Fund aims at nearly doubling assets this fiscal

LIC Nomura Mutual Fund, the subsidiary of life insurance giant Life Insurance Corporation, aims to close this fiscal with an asset under management of around Rs 20,000 crore this fiscal.
"Our average AUM is close to Rs 11,000 crore as of now. We want to grow it to Rs 20,000 crore by the end of this fiscal, which will help us to maintain an average AUM of Rs 15,000 crore for the whole financial year," LIC Nomura MF Chief Executive and Director Nilesh Sathe told PTI.
He also said the fund house will come up with host of fund launches that will help it ramp up its asset base.
"We have filed for a mid-cap fund, which will be launched after receiving approval," Sathe said, adding it will come up with several debt schemes during this fiscal.
Talking on the flows into equity schemes, the fund house said it has shown uptick in the January-March period of last fiscal and hope to sustain the momentum going forward.

உங்கள் பார்வைக்கு...

100 பயனுள்ள Run command

பொதுவாக அனைவருமே Run option ல் சென்று சில settings கள் செய்வோம் அப்படிப்பட்ட சில command களின் பட்டியல் உங்கள் பார்வைக்கு...

1) Accessibility Options : access.cpl
2) Add Hardware : hdwwiz.cpl
3) Add / Remove Programs : appwiz.cpl
4) Administrative Tools : control admintools
5) Automatic Updates : wuaucpl.cpl
6) Wizard file transfer Bluethooth : fsquirt
7) Calculator : calc
8) Certificate Manager : certmgr.msc
9) Character : charmap
10) Checking disk : chkdsk
11) Manager of the album (clipboard) : clipbrd
12) Command Prompt : cmd
13) Service components (DCOM) : dcomcnfg
14) Computer Management : compmgmt.msc
15) DDE active sharing : ddeshare
16) Device Manager : devmgmt.msc
17) DirectX Control Panel (if installed) : directx.cpl
18) DirectX Diagnostic Utility : dxdiag
19) Disk Cleanup : cleanmgr
20) System Information : dxdiag
21) Disk Defragmenter : dfrg.msc
22) Disk Management : diskmgmt.msc
23) Partition manager : diskpart
24) Display Properties : control desktop
25) Properties of the display (2) : desk.cpl
26) Properties display (tab "appearance") : control color
27) Dr. Watson : drwtsn32
28) Manager vérirficateur drivers : check
29) Event Viewer : Eventvwr.msc
30) Verification of signatures of files : sigverif
31) Findfast (if present) : findfast.cpl
32) Folder Options : control folders
33) Fonts (fonts) : control fonts
34) Fonts folder windows : fonts
35) Free Cell : freecell
36) Game Controllers : Joy.cpl
37) Group Policy (XP Pro) : gpedit.msc
38) Hearts (card game) : mshearts
39) IExpress (file generator. Cab) : IExpress
40) Indexing Service (if not disabled) : ciadv.msc
41) Internet Properties : inetcpl.cpl
42) IPConfig (display configuration) : ipconfig / all
43) IPConfig (displays the contents of the DNS cache) : ipconfig / displaydns
44) IPConfig (erases the contents of the DNS cache) : ipconfig / flushdns
45) IPConfig (IP configuration cancels maps) : ipconfig / release
46) IPConfig (renew IP configuration maps) : ipconfig / renew
47) Java Control Panel (if present) : jpicpl32.cpl
48) Java Control Panel (if present) : javaws
49) Keyboard Properties : control keyboard
50) Local Security Settings : secpol.msc
51) Local Users and Groups : lusrmgr.msc
52) Logout : logoff
53) Microsoft Chat : winchat
54) Minesweeper (game) : winmine
55) Properties of the mouse : control mouse
56) Properties of the mouse (2) : main.cpl
57) Network Connections : control NetConnect
58) Network Connections (2) : ncpa.cpl
59) Network configuration wizard : netsetup.cpl
60) Notepad : notepad
61) NView Desktop Manager (if installed) : nvtuicpl.cpl
62) Manager links : packager
63) Data Source Administrator ODBC : odbccp32.cpl
64) Screen Keyboard : OSK
65) AC3 Filter (if installed) : ac3filter.cpl
66) Password manager (if present) : Password.cpl
67) Monitor performance : perfmon.msc
68) Monitor performance (2) : perfmon
69) Dialing Properties (phone) : telephon.cpl
70) Power Options : powercfg.cpl
71) Printers and Faxes : control printers
72) Private Character Editor : eudcedit
73) Quicktime (if installed) : QuickTime.cpl
74) Regional and Language Options : intl.cpl
75) Editor of the registry : regedit
76) Remote desktop connection : mstsc
77) Removable Storage : ntmsmgr.msc
78) requests the operator to removable storage : ntmsoprq.msc
79) RSoP (traduction. ..) (XP Pro) : rsop.msc
80) Scanners and Cameras : sticpl.cpl
81) Scheduled Tasks : control schedtasks
82) Security Center : wscui.cpl
83) Console management services : services.msc
84) shared folders : fsmgmt.msc
85) Turn off windows : shutdown
86) Sounds and Audio Devices : mmsys.cpl
87) Spider (card game) : spider
88) Client Network Utility SQL server : cliconfg
89) System Configuration Editor : sysedit
90) System Configuration Utility : msconfig
91) System File Checker (SFC (Scan Now) : sfc / scannow
92) SFC (Scan next startup) : sfc / scanonce
93) SFC (Scan each démarraget) : sfc / scanboot
94) SFC (back to default settings) : sfc / revert
95) SFC (purge cache files) : sfc / purgecache
96) SFC (define size CAHC x) : sfc / cachesize = x
97) System Properties : sysdm.cpl
98) Task Manager : taskmgr
99) Telnet client : telnet
100) User Accounts : nusrmgr.cpl
101) Utility Manager (Magnifier, etc) : utilman
102) Windows firewall (XP SP2) : firewall.cpl
103) Microsoft Magnifier : magnify
104) Windows Management Infrastructure : wmimgmt.msc
105) Protection of the accounts database : syskey
106) Windows update : wupdmgr
107) Introducing Windows XP (if not erased) : tourstart
108) Wordpad : write
109) Date and Time Properties : timedate.cpl

maths

LIC’s New Jeevan Nidhi Plan

LIC’s New Jeevan Nidhi Plan is a conventional with profits pension plan with a combination of protection and saving features. This plan provides for death cover during the deferment period and offers annuity on survival to the date of vesting. Benefits: Benefit on Vesting:  Provided the policy is in full force, on vesting an amount equal to the Basic Sum Assured along with accrued Guaranteed Additions, vested Simple Reversionary bonuses and Final Additional bonus, if any, shall be made available to the Life Assured. The following options shall be available to the Life Assured for utilization of the benefit amount. To purchase an immediate annuity The Life Assured shall have a choice to commute the amount available on vesting to the extent allowed under Income Tax Act. The entire amount available on vesting or the balance amount after commutation, as the case may be, shall be utilized to purchase immediate annuity at the then prevailing annuity rates. Commutation shall only be allowed provided the balance amount is sufficient to purchase a minimum amount of annuity as per the provisions of section 4 of Insurance Act, 1938. In case the total benefit amount is insufficient to purchase the minimum amount of annuity, then the said amount shall be paid as a lump sum to the Life assured. The annuity shall only be purchased from Life Insurance Corporation of India. or To purchase a new Single Premium deferred pension product from Life Insurance Corporation of India Under this option the entire proceeds available on vesting shall be utilized to purchase a single premium deferred pension product provided the policyholder satisfies the eligibility criteria for purchasing single premium deferred pension product. The Life Assured will have to intimate his / her intention to go for a particular option available on the date of vesting atleast six months prior to the date of vesting. Death Benefit: Death during first five policy years: Provided the policy is in full force, Basic Sum Assured along with accrued Guaranteed Addition shall be paid as lump sum or in the form of an annuity or partly in lump sum and balance in the form of an annuity to the nominee.  Death after first five policy years: Provided the policy is in full force, Basic Sum Assured along with accrued Guaranteed Addition, Simple Reversionary and Final Additional Bonus, if any, shall be paid as lump sum or in the form of an annuity or partly in lump sum and balance in the form of an annuity to the nominee. In any case, provided all due premiums have been paid, the total death benefit at any time shall not be less than 105% of the total premiums paid (excluding taxes, extra premium and rider premium, if any). The amount of annuity will depend on the payable lump sum and the then prevailing immediate annuity rates. Guaranteed Additions:  The policy provides for Guaranteed Additions @ Rs.50/- per thousand Basic Sum Assured for each completed year, for the first five years. Participation in profits: Provided the policy is in full force, depending upon the Corporation’s experience the policies shall participate in profits from 6th year onwards for a Simple Reversionary Bonus at such rate and on such terms as may be declared by the Corporation. Final (Additional) Bonus may also be declared under the policy in the year when the policy results into a claim either by way of death or on vesting, provided the policy has run for certain minimum term. Optional Benefit: LIC’s Accidental Death and Disability Benefit Rider:  LIC’s Accidental Death and Disability Benefit Rider is available as an optional rider by payment of additional premium under regular premium policies. In case of accidental death, the Accident Benefit Sum Assured will be payable as lumpsum along with the death benefit under the basic plan.  In case of accidental disability arising due to accident (within 180 days from the date of accident), an amount equal to the Accident Benefit Sum Assured will be paid in equal monthly instalments spread over 10 years and future premiums for Accident Benefit Sum Assured as well as premiums for the portion of Basic Sum Assured which is equal to Accident Benefit Sum Assured under the policy, shall be waived. If the policy becomes a claim either by way of death or the policy vests before the expiry of the said period of 10 years, the disability benefit instalments which have not fallen due will be paid in lump sum.   The Accident Benefit Sum Assured may be opted for an amount upto the Basic Sum Assured subject to minimum of Rs. 1,00,000 and maximum of Rs. 50 lakh (under individual as well as group policies with LIC of India). This benefit will be available only till the vesting age.

health insurance -lic

1. Benefits offered under the plan are • Hospital cash benefit (HCB) • Major Surgical Benefit (MSB) • Day Care Procedure Benefit • Other Surgical Benefit • Ambulance Benefit • Premium waiver Benefit (PWB) A) Hospital Cash Benefit: If you or any of the insured lives covered under the policy is hospitalised due to Accidental Body Injury or Sickness and the stay in hospital exceeds a continuous period of 24 hours, then for any continuous period of 24 hours or part thereof, provided any such part stay exceeds a continuous period of 4 hours (after having completed the 24 hours as above) in a non-ICU ward/room of a hospital, an amount equal to the Applicable Daily Benefit (ADB) available under the policy during that policy year shall be payable subject to benefit limits and conditions mentioned in Para 11A) and exclusions mentioned in Para 15 below. During the first year of cover commencement in respect of each insured, the Applicable Daily Benefit shall be the Initial Daily Benefit amount chosen by you and mentioned in the policy Schedule. The amount of ADB for each policy year, after the first policy year, shall consist of 2 parts: • An arithmetic addition of an amount equal to 5% (five percent) of the Initial Daily Benefit to the Applicable Daily Benefit of the previous Policy Year. Such increase in the Applicable Daily Benefit shall be effected on each policy anniversary during the Cover Period and shall continue until it attains a maximum amount of 1.5 times the Initial Daily Benefit. Thereafter, this amount in each Policy Year in future shall remain at that maximum level attained. • Further arithmetic addition of an amount equal to “No Claim Benefit” (as described in Para 1.G) below) provided the policy attracts and is eligible for it. There shall be no maximum limit for such increase which means that if this policy is eligible for “No Claim Benefit”, the same shall be granted throughout the Cover Period without any maximum limit. For members included subsequently under the policy, the benefit in the first year shall be equal to Initial Daily Benefit amount and thereafter the Applicable Daily Benefit shall increase as above. If any of the member insured is required to stay in an Intensive Care Unit of a hospital, two times the Applicable Daily Benefit will be payable subject to benefit limits and conditions mentioned in Para 11A) and exclusions mentioned in Para 15 below. During one period of 24 continuous hours (i.e. one day) of Hospitalisation (after having completed the 24 hours as above), if the said Hospitalisation included stay in an Intensive Care Unit as well as in any other in-patient (non-Intensive Care Unit) ward of the Hospital, the Corporation shall pay benefits as if the admission was to the Intensive Care Unit provided that the period of Hospitalisation in the Intensive Care Unit was at least 4 continuous hours. No benefit will be payable for the first 24 hours of hospitalisation. However, for every Hospitalization that extends for a continuous period of 7 days or more, the Daily Hospital Cash Benefit would also be paid for first 24 hours (day one) of hospitalization, regardless of whether the Insured was admitted in a general or special ward or in an intensive care unit. B) Major Surgical Benefit: In the event of an Insured under this plan, due to medical necessity, undergoing one of the surgeries defined in Major Surgical Benefit Annexure, within the cover period in a hospital due to Accidental Bodily Injury or Sickness, the respective benefit percentage of the Major Surgical Benefit Sum Assured, as specified against each of the eligible surgeries mentioned in Major Surgical Benefit Annexure, shall be paid subject to benefit limits and conditions mentioned in Para 11B) and exclusions mentioned in Para 15 below. C) Day Care Procedure Benefit: In the event of an Insured under this Plan undergoing any specified Day Care Procedure mentioned in the Day Care Procedure Benefit Annexure due to medical necessity, a lump sum amount equal to 5 (five) times the Applicable Daily Benefit shall be paid, regardless of the actual costs incurred, subject to benefit limits and conditions mentioned in Para 11C) and exclusions mentioned in Para 15 below. D) Other Surgical Benefit: In the event of an Insured under this Plan, due to medical necessity, undergoing any Surgery not listed under Major Surgical Benefit or Day Care Procedure Benefit, causing the Insured’s Hospitalization to exceed a continuous period of 24 hours within the Cover Period, then, a daily benefit equal to 2 (two) times the Applicable Daily Benefit shall be paid for each continuous period of 24 hours or part thereof provided any such part stay exceeds a continuous period of 4 hours of Hospitalization, subject to benefit limits and conditions mentioned in Para 11D) and exclusions mentioned in Para 15 below. E) Ambulance Benefit: In the event that a Major Surgical Benefit falling under Category 1 or Category 2 (as mentioned in the Major Surgical Benefit Annexure) is payable and emergency transportation costs by an ambulance have been incurred, an additional lump sum of ` 1,000 will be payable in lieu of ambulance expenses. F) Premium Waiver Benefit: In the event that a Major Surgical Benefit falling under Category 1 or Category 2 (as mentioned in the Major Surgical Benefit Annexure) is payable in respect of any Insured covered under the policy, the total annualized premium i.e. total one year premium in respect of that Policy from the date of instalment premium due coinciding with or next following the date of the Surgery will be waived. G) No claim benefit: A no claim benefit will be paid in the event that during the period between Date of Commencement of policy and next Automatic Renewal Date or between two Automatic Renewal Dates (described in Para 4 below) there are no claims in respect of any Insured covered under your policy. The amount of the no claim benefit would be equal to 5% (five percent) of the Initial Daily Benefit in respect of each Insured and the resulting amount shall be added to arrive at the Applicable Daily Benefit in respect of each Insured for the Policy Year next following the most recent Automatic Renewal Date. i) Benefit Limits and Conditions: A) Hospital Cash Benefit: i) The Hospital Cash Benefit shall be payable only if Hospitalisation has occurred within India. ii) The total number of days for which hospital cash benefit would be payable, in respect of each Insured, in a Policy Year would be restricted to - a) A maximum of 30 (thirty) days of Hospitalization out of which not more than 15 (fifteen) days shall be in an Intensive Care Unit in the first Policy Year following the date of commencement of cover in respect of that Insured b) A maximum of 90 (ninety) days of Hospitalization out of which not more than 45 (forty five) days shall be in an Intensive Care Unit in the second and subsequent Policy Years following the date of commencement of cover in respect of that Insured iii) The total number of days of Hospitalization for which Hospital Cash Benefit is payable during the Cover Period, in respect of each and every Insured covered under the policy, shall be limited to a maximum of 720 (seven hundred and twenty) days out of which not more than 360 (three hundred and sixty) days shall be in an Intensive Care Unit. Upon attainment of this limit by an Insured, the Hospital Cash Benefit in respect of that Insured shall cease immediately. iv) The Benefit Limits specified in the above clauses in respect of an Insured under this Policy, shall solely and exclusively apply to that Insured. Any unclaimed Hospital Cash Benefit of any one Insured is not transferable to any other Insured. v) The Hospital Cash Benefit shall not be payable in the event of an Insured under this Policy undergoing any specified Day Care Procedure (as mentioned in the Day Care Procedure Benefit Annexure). B) Major Surgical Benefit: i) If more than one Surgery is performed on the Insured, through the same incision or by making different incisions, during the same surgical session, the Corporation shall only pay for that Surgery performed in respect of which the largest amount shall become payable. ii) The Major Surgical Benefit shall be paid as a lump sum as specified for the benefit concerned and is subject to providing proof of Surgery to the satisfaction of the Corporation. iii) All Surgical Procedures claimed should be confirmed as essential and required, by a qualified Physician or Surgeon, to the satisfaction of the Corporation. iv) The Major Surgical Benefit will be payable only after the Corporation is satisfied on the basis of medical evidence that the specified Surgery covered under the Policy has been performed. v) The Major Surgical Benefit shall be payable only if the Surgery has been performed within India. vi) The amount in lieu of ambulance expenses shall be payable only once in respect of each Insured in any Policy Year and is subject to providing satisfactory evidence to the Corporation. vii) The total amount payable in respect of each Insured under the Major Surgical Benefit in any Policy Year during the Cover Period shall not exceed 100% of the Major Surgical Benefit Sum Assured in that Policy year. viii) The total amount payable in respect of each Insured during the Cover Period under the Major Surgical Benefit shall not exceed a maximum limit of 800% of the Major Surgical Benefit Sum Assured. If the total amount paid in respect of an Insured equals this lifetime maximum limit, the Major Surgical Benefit in respect of that Insured will cease immediately. ix) The Benefit Limits specified in the above clauses in respect of an Insured under this Policy, shall solely and exclusively apply to that Insured. Any unclaimed Major Surgical Benefit of any one Insured is not transferable to any other Insured. x) The Major Surgical benefit for any surgery cannot be claimed and shall not be payable more than once for the same surgery during the term of the policy. C) Day Care Procedure Benefit: i) If more than one Day Care Procedure is performed on the Insured, through the same incision or by making different incisions, during the same surgical session, the Corporation shall only pay for one Day Care Surgical Procedure. ii) The Day Care Procedure Benefit shall be paid as a lump sum and is subject to providing proof of Surgery to the satisfaction of the Corporation. iii) All Surgical Procedures claimed should be confirmed as essential and required, by a qualified Physician or Surgeon, to the satisfaction of the Corporation. iv) The Day Care Procedure Benefit will be payable only after the Corporation is satisfied on the basis of medical evidence that the specified Surgical Procedure covered under the policy has been performed. v) The Day Care Procedure Benefit shall be payable only if the Surgical Procedure has been performed within India. vi) In respect of each Insured, the Day Care Procedure Benefit will be payable only up to a maximum of 3 (three) Surgical Procedures in any Policy Year during the Cover Period. vii) In respect of each Insured during the Cover Period, the Day Care Procedure Benefit will be payable only up to a maximum of 24 (twenty four) Surgical Procedures. If the number of Surgical Procedures eligible for the Day Care Procedure Benefit in respect of an Insured equals this lifetime maximum limit, the Day Care Procedure Benefit in respect of that Insured will cease immediately. viii) The Benefit Limits specified in the above clauses in respect of an Insured under this Policy, shall solely and exclusively apply to that Insured. Any unclaimed Day Care Procedure Benefit of any one Insured is not transferable to any other Insured. ix) If a Day Care Procedure Benefit is performed no Hospital Cash Benefit shall be paid. D) Other Surgical Benefit: i) If more than one Surgical Procedure is performed on the Insured, through the same incision or by making different incisions, during the same surgical session, the Corporation shall only pay for one Surgical Procedure. ii) The Other Surgical Benefit shall be paid as a Daily Benefit and is subject to providing proof of Surgery to the satisfaction of the Corporation. iii) All Surgical Procedures claimed should be confirmed as essential and required, by a qualified Physician or Surgeon, to the satisfaction of the Corporation. iv) The Other Surgical Benefit will be payable only after the Corporation is satisfied on the basis of medical evidence that the specified Surgical Procedure covered under the policy has been performed. v) The Other Surgical Benefit shall be payable only if the Surgical Procedure has been performed within India. vi) The total number of days of Hospitalization for which the Other Surgical Benefit is payable during a Policy Year in respect of each and every Insured covered under the Policy shall not exceed 15 (fifteen) days in the first Policy Year following the date of commencement of cover in respect of that Insured and 45 (forty five) days for the second and subsequent Policy Years following the date of commencement of cover in respect of that Insured. vii) The total number of days of Hospitalization for which the Other Surgical Benefit is payable during the Cover Period, in respect of each and every Insured covered under the Policy shall not exceed a maximum limit of 360 (three hundred and sixty) days. Upon attainment of this lifetime maximum limit, the Other Surgical Benefit in respect of that Insured will cease immediately. viii) The Benefit Limits specified in the above clauses in respect of an Insured under this Policy, shall solely and exclusively apply to that Insured. Any unclaimed Other Surgical Benefit on any one Insured is not transferable to any other Insured. ii) Commencement And Termination Of Benefit Covers: The Hospital Cash Benefit, Major Surgical Benefit, Day Care Procedure Benefit and Other Surgical Benefit cover in respect of each Insured covered under your policy shall commence on the Date of Cover Commencement individually stated in the Policy Schedule. The Hospital Cash Benefit, Major Surgical Benefit, Day Care Procedure Benefit and Other Surgical Benefit cover in respect of each Insured shall terminate at the earliest of the following: i. The Date of Cover Expiry mentioned in the Policy Schedule; ii. On exhausting all the lifetime maximum Benefit Limits as specified in Para 11 above; iii. On death or Date of Cover Expiry of the Principal Insured and if the Policy does not continue with the Insured Spouse as the Principal Insured; iv. On death or Date of Cover Expiry of Insured Spouse after the Policy continues with the Insured Spouse as the Principal Insured after the PI dies or reaches his/her Date of Cover Expiry. v. On death of the Insured; vi. In respect of the Insured Spouse, on divorce or legal separation from the Principal Insured; vii. On termination of the Policy due to non-payment of premium or any other reason. iii) Termination of Policy: A) If policy is issued on single life: The policy shall terminate at the earliest of the following: i) Non-payment of premiums within the revival period; ii) On death; iii) On the Date of Cover Expiry mentioned in the Policy Schedule; iv) On exhausting all the lifetime maximum Benefit Limits as specified in Para 11 above. B) If policy is issued on more than one life: The policy shall terminate at the earliest of the following: i) Non-payment of premiums within the revival period; ii) On PI exhausting all the lifetime maximum Benefit Limits as specified in Para 11 above. iii) On death or Date of Cover Expiry, of the Principal Insured and if the Policy does not continue with the Insured Spouse as the Principal Insured. iv) On the death or Date of Cover Expiry, of Insured Spouse after the Policy continues with the Insured Spouse as the Principal Insured after the PI dies or reaches his/her Date of Cover Expiry. iv) Waiting Period: General waiting period: There shall be no general waiting period in case Hospitalization or Surgery is due to Accidental Bodily Injury. There shall be a general waiting period during which no benefits shall be payable in the event of Hospitalization or Surgery, if the said Hospitalization or Surgery occurred due to Sickness. i. The general waiting period shall be 90 (ninety) days from the Date of Cover Commencement in respect of each Insured. ii. If the policy is revived after discontinuance of the Cover then the following shall apply in respect of each Insured: a) If the request for revival is received by the Corporation within 90 (ninety) days from the due date of the first unpaid premium, then there shall be a general waiting period of 45 (forty five) days from the Date of Revival in respect of each Insured. b) If the request for revival is received by the Corporation beyond 90 (ninety) days from the due date of the first unpaid premium, then there shall be a general waiting period of 90 (ninety) days from the Date of Revival in respect of each Insured. Specific waiting period: In addition, in respect of each Insured, no benefits are available hereunder and no payment will be made by the Corporation for any claim under this Policy on account of Hospitalization or Surgery directly or indirectly caused by, based on, arising out of or howsoever attributable to any of the following during the specific waiting period: i. Treatment for adenoid or tonsillar disorders ii. Treatment for anal fistula or anal fissure iii. Treatment for benign enlargement of prostate gland iv. Treatment for benign uterine disorders like fibroids, uterine prolapse, dysfunctional uterine bleeding etc v. Treatment for Cataract vi. Treatment for Gall stones vii. Treatment for slip disc viii. Treatment for Piles ix. Treatment for benign thyroid disorders x. Treatment for Hernia xi. Treatment for hydrocele xii. Treatment for degenerative joint conditions xiii. Treatment for sinus disorders xiv. Treatment for kidney or urinary tract stones xv. Treatment for varicose veins xvi. Treatment for Carpal tunnel syndrome xvii. Treatment for benign breast disorders e.g. fibroadenoma, fibrocystic disease etc The specific waiting period in respect of the treatments specified in the list above shall be as follows: i. The specific waiting period shall be 2 (two) years from the Date of Cover Commencement in respect of each Insured. ii. If the policy is revived after discontinuance of the Cover then the following shall apply in respect of each Insured: a) If the request for revival is received by the Corporation within less than 90 (ninety) days from the due date of the first unpaid premium, then the specific waiting period shall continue to be till 2 (two) years from the Date of Cover Commencement in respect of each Insured. b) If the request for revival is received by the Corporation beyond 90 (ninety) days from the due date of the first unpaid premium, then there shall be a specific waiting period of 2 (two) years from the Date of Revival in respect of each Insured. No charges for this benefit shall be deducted after the benefit ceases.