Don’t you have friends and relatives and even close family members residing in different countries abroad. Don’t you long to meet them when they come to India for a short vacation ?. But why do our close relatives and family members go abroad?. Isn’t it to tap or make use of the better growth opportunities prevalent in these countries? .How nice it would be for a non resident I...
Everything you want is a Click Away... Remember those Pop Ups asking us to purchase an insurance policy online... We Are The Best Financial Products Available Online And We Know How To Serve You Best ... Protection Of Your Loved Ones Just A Click Away… Remember that Dream house you wanted to Purchase? We have heard the phrase" Knock And The Door Will Be Opened " Doesn’t purchase of ...
Doubling Return’s... Multiplication.....Pay Less Get more…Aren’t all of these are favorite words. Money doesn’t grow on trees. Whenever returns in any kind of financial products are offered which seem too good to be true, alarm bells should ring in our head... Here there is a famous saying "The Best Thing You Can Do Is The Right Thing; The Next Best Thing You Can Do Is T...
An Opportunity to make a quick buck…An Opportunity never to be missed... Money is to be made .....Carpe Diem 'Seize the Day' this is the motto of the insurance agents. Few careers match the job of an insurance agent. There is no upper limit in the pay checks. More the number of policies we sell greater is the amount we earn. An insurance agent who works for a good insurance company can ea...
I would like to start this article by quoting the famous saying Prevention Is Better Than Cure. In order to prevent misselling from occurring one must know the tricks used against us and the remedial questions we need to ask in order to prevent misselling from happening to us. Don’t we All think it is our duty to prevent misselling from occurring in our society? If you have any complaint ...
Oh My God… …I have been fooled again…Why Is It Always Me…These are the questions floating through my mind every time I read about misselling of insurance in the newspapers or television. This is a word ‘Misselling’ which all of us have heard and many of us have experienced in some form or the other particularly in Financial Products. My insurance agent sol...
1. For what purposes can I seek a first time home loan? You can generally seek a first time home loan for buying a house or a flat, renovation, extension and repairs to your existing house. Most banks have a separate policy for those who are going for a second house. Please remember to seek specific clarifications on the above-mentioned issues from your commercial bank. To Get Best Home Lo...
If you are unhappy with your insurance company Approach the Grievance Redressal Officer of its branch or any other office that you deal with. Click here for contact details of Grievance Redressal Officers, GRO, of all insurance companies Give your complaint in writing along with the necessary support documents Take a written acknowledgement of your complaint with th...
Direct Taxes 5% surcharge on domestic companies whose income exceeds Rs 1 crore 10 % surcharge on domestic companies whose income exceeds Rs 10 crores Surcharge on Dividend Distribution Tax (DDT) increased from 5 % to 10% Securities Transaction Tax (STT) rates cut on equity futures to 0.01% and for Mutual Funds to 0.001 % Commodities transaction tax (CTT) levied on non-agriculture comm...
Formalities for making a property insurance claim There could be several types of policies that cover property and the property itself could be stationery - like a building, or moving around - like your household goods being transported. When you receive your policy familiarise yourself with the documents required for a claim as well as the procedures to be followed. Whether or not a claim aris...
Insurance is a form of risk management primarily used as a protection against the risk of loss. It transfers the risk of a loss, from one entity to another, in exchange for a premium. The insurance rate is a factor used to determine the amount called the premium, to be charged for a certain amount of insurance coverage. By purchasing insurance policies, individuals and businesses can receive rei...
Insurance in simple terms is a contract between two parties to cover the risks which may incur in the due course of life. There are basically two types of risk: one is speculative risk and the other is pure risk. Speculative risk is a risk which yields either a profit or a loss or a no change, and pure risk is a risk which yields either a loss or effects to a no change situation. Insurance can c...
The process of identification, analysis and either acceptance or mitigation of uncertainty in investment decision-making. Essentially, risk management occurs anytime an investor or fund manager analyzes and attempts to quantify the potential for losses in an investment and then takes the appropriate action (or inaction) given their investment objectives and risk tolerance. Inadequate risk manage...
Imagine a situation where an individual works with full sincerity to earn an income to lead a comfortable life, but due to lack of tax planning he ends up losing a major chunk of his earnings by paying tax. Have you ever faced this jeopardy? Taxes are essentially one of the major sources of income to the government. Government levies taxes in order to fund various projects and foster economic de...
Reinsurance contracts are those contracts in which one insurance company transfers its risk to another insurance company. Insurance companies which transfer the risk are known as ceding companies also, direct writers. Accepting company .i.e. the company which accepts the risk is also known as reinsurer. Say for instance Mr. has a life insurance policy with an insurance company for Rs.10 crore an...
Insurance is the equitable transfer of the risk of a loss, from one entity to another in exchange for payment. It is a form of risk management primarily used to hedge against the risk of a contingent, uncertain loss. An insurer, or insurance carrier, is a company selling the insurance; the insured, or policyholder, is the person or entity buying the insurance policy. The amount of money to be ch...
Is your Friend or relative an Insurance Agent.....??? Have you ever forced by them to take an insurance policy.....??? Nowadays we can see that most of the youngsters are getting attracted towards this industry. Huge salary, commissions and incentives make them to choose this industry. But have you ever thought how companies are providing them this much.....??? or how these companies are paying ...
Do you have an Insurance policy.....??? If your answer is ‘NO’ you are at risk because life is the most uncertain thing in this world. Nobody can predict what is going to happen next moment, covering your life with an insurance policy can safe guard the life of your dependents in case of an uncertain event. After taking a policy, what if you feel that the benefits of the policy you h...
With the increasing number of houses in the country, the importance of home insurance is also increasing. Boom in the real estate industry really increases the significance of home insurance. How many of you really understand the significance of home insurance…..??? most of the people are not aware of its benefits. Home is a cover against the possible damages to your house. If any damage ...
Consider a situation you pay 500 rupees for a pen which has the name “PARKER” on it. You go home and take out the pen to write. It comes as a shock to you when you see that this pen has a refill of Cello Gripper inside. You start fuming and rush to the shop and yell at the shopkeeper. The shopkeeper says that he never guaranteed you about that pen and you never asked for a guarantee,...
