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One has to consider the market value of the house when one takes that home insurance policy. Market value is often mistaken as resale value where the land as well as the construction and the locality are factored in. In the case of a home insurance policy one has the market value minus the depreciation at the rate of 2% per annum. After a period of 50 years the market value minus the depreciation will be zero. Hence houses over 50 Years of age are not insured. Under a reinstatement policy the cost of rebuilding the house structure is considered. No depreciation is deducted in this case. Let us consider ones house is destroyed due to a flood. The land remains in ones name and the new structure can be built at the same location as home protection cover is a basic structure replacement cover. The reconstruction costs are reimbursed after the house has been reconstructed and in some cases the money is reimbursed in installments. One of the most important factors to be noted is one does not need to consider the value of the property but only the cost of reconstruction or structural protection. If a 1000 Square Foot apartment in Bangalore costs INR 80 Lakhs one has to bear only the reconstruction costs of the structure and the land price is not factored in .One can purchase home insurance protection against structural damage for as low as INR 50 per Lakh and for a sum of INR 2000 premium paid per annum protection of about INR 40 Lakhs on the structure can be obtained

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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