Plans

A unit linked product where premium paid will be subject to deduction of Allocation Charge. Balance credited to Policy Fund account.
Policy Administration Charges, Premium for HCB and MSB with Service tax @ 12.36% are deducted on a monthly basis.
Policyholder is entitled to claim benefits for self and other members of the family as mentioned in the Policy Bond.
Policy Fund will be invested according to investment pattern as under:

FUND INVESTMENT:

FUND TYPE	HEALTH PLUS FUND
Govt./ Govt. guaranteed Securities / Corporate Debt	Not Less than 50%
Shorter investments, such as Money Market Invt. Including Govt. Securities & Corporate Debt	Not more than 90%
Investment in listed equity shares	> 10% and <50%
Simply, it's a Low Risk- income & Growth fund. NAV is declared on a daily basis

Eligibility Conditions & Features:

Min. Premium (in multiples of Rs 500/-)	On Single life- Higher of Rs. 5000/- and 6 times the HCB of Principal insured. On 2 lives - Higher of Rs.7,500/- p.a. and 6 times the HCB of Pl and 3 times the HCB of other insured. On more than 2 lives- Higher of Rs.10,000/- p.a. and 6 times the HCB of Pl and 3 times the HCB of each of the other insured.
Max. Premium	No limit
Min. Entry Age	Pl and Spouse - 18 years LBD Dependent Children -3 month completed.
Max. Entry Age	Pl and insured Spouse -55 years NBD Insured Dependent Children -17 years NBD
Max. cover ceasing age	Pl and insured Spouse -65 years Insured Dependent Children -25 years
Max. cover ceasing age	Pl and insured Spouse -65 years Insured Dependent Children -25 years
Policy Term	65 years NBD of Pl minus age at entry of Pl
Mode of Payment	Yly, Hly, Mly (ECS Only
Day of grace	30 days for yly /hly modes and 15 days for ECS

WHO IS ELIGIBILE

Cover can be taken for self (Principal Insured ), Spouse, Dependent children (no limit of numbers)
Any eligible existing spouse / children if not covered initially, cannot be covered in future.
Any subsequent spouse (on marriage / remarriage ) or children (on birth / adoption) can be covered within one year from policy anniversary.

HOSPITAL CASH BENEFITS:

Depending on the cover opted, HCB is payable if insured is hospitalized due to Accidental body injury or sickness
Daily Hospital Cash Benefits at selected rate which increases by 5% at each Policy Anniversary up to a maximum of 1.5 times of Initial Daily Benefits (IDB). IDB must be in multiples of Rs 50/-
In case of ICU, the Benefit is TWO times of the daily Hospital Cash Benefit.
If stay in hospital exceeds a continuous period of 48 hours, then payment will be made for any continuous period of 24 hours or a continuous part thereof, which exceeds 4 hours (after having completed 48 hours).

	Principal Insured	Insured Spouse
Min. IDB Max IDB	Rs.250/- Rs.2,500/-	Rs.250/- Less than or equal to Pl subject to a max. Of Rs.1,500/- per day	Rs.250/- Less than or equal to Spouse/Pl subject to a max. of Rs.1,500/- per day
Min Age at entry	18 Yrs LBD 3 Month completed
Max Age at entry	55 Yrs NBD 17 Yrs NBD
Max. cover Age	65 Yrs NBD 25 Yrs NBD
Max annual Benefit Period	18 days in 1st Year Max. 60 days per year thereafter, inclusive of stay in ICU Max. No. of days in ICU is restricted to 9 days in 1st Year and 30 days thereafter.
Max. Benefits Period	365 days	365 days	365 days 90 days upto age 5

MAJOR SURGICAL BENEFITS:

	Principal Insured	Insured Spouse	Insured Children
Sum Assured	200 times of IDB of HCB of Pl	200 times of IDB of HCB of Insured Spouse	200 times of IDB of HCB of each Child
Min. age for cover	18 yrs lbd	18 yrs lbd	18 yrs lbd
Max. age for cover	65 yrs nbd	65 yrs nbd	25 yrs nbd
Max. Annual benefit	100% of Sum Assured	100% of Sum Assured	100% of Sum Assured
Max. Life time benefit	3 times the Sum Assured	3 times the Sum Assured	3 times the Sum Assured

Major Surgical Benefit as a Percentage of Sum Assured a few examples:

Open Heart Surgery 100%	Lung Transplantation 100%
Implantation of Pacemaker 60%	Open surgery for peptic ulcer 60%
Angioplasty (stent) 40%	Replacement of Hip/ knee joint 60%
Bone marrow transplantation 60%	Partial resection of liver 60%
Surgery to remove Tumor (Brain) 100%	Partial excision of Thyroid/ Adrenal 40%
Renal Transplantation 100%	Eye Surgery for corneal /retinal repair 40%
Nephrectomy due to medical advice 60%

WAITING PERIOD

A waiting period of 180 days from the date of cover commencement in respect of each insured during which no HCB/MSB shall be payable.
A child included in the policy will be automatically covered for MSB from policy anniversary on which the age lbd is 18 years without any waiting period.
A waiting period of 90 days from the date of Revival/Reinstatement in respect of each insured during which no HCB/MSB shall be payable.
There shall be NO waiting period for HCB/MSB in case of Accidental Bodily Injury.

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FSDC worried over artificial devaluation of currencies
The government today voiced concern over artificial devaluation of currencies and said it could hurt the competitiveness of Indian companies.

Indira Rajaraman: Regulating capital flows
The year 2010 marked a dramatic change in the stance of the international policy establishment towards capital controls in emerging markets, where I use the term not in the sense of differences between countries in levels of restriction, but in the sense of imposition of (renewed) controls in countries which had previously liberalised their capital account regimes.

RBI to develop unbanked villages as model villages
Having already adopted 75 unbanked villages in the country to be developed as model villages, the Reserve Bank of India (RBI) is planning to adopt as many villages as possible. RBI has already told banks they must provide basic banking services in all the villages with a population of 2,000 and more by March 2012. This was disclosed by G Gopalkrishna, executive director, RBI who was in the city.

Estonia joins euro club
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External debt up 12.8% between March and Sept
Indias external debt increased 12.8 per cent to $295.8 billion at the end of September 2010 from $262.3 billion at the end of March, on account of rise in overseas borrowings by companies and strengthening of the Indian currency. The long-term debt increased by 9.5 per cent to $229.8 billion, while short-term debt showed an increase of 25.8 per cent to $66 billion.