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...
Here in insurance we have a number of different kinds of life policies. The choices we have are vast which results in confusion while choosing which kind of policy one wants. Here when one is faced with a greater number of choices greater is the chance he will make the wrong one. So how are you going to make the right decision? Will you be just another face in the crowd…If not read abou...
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...
Insurance Intermediaries Insurance is a complex product representing a promise to compensate the insured or third party according to specified terms and conditions in the event of the occurrence of a covered contingency. In most insurance transactions there is usually an intermediary - an insurance agent (individual or corporate) or an insurance broker. Insurance intermediaries serve as a ...
Kinds of Life Insurance Policies : Term Insurance You can choose to have protection for a set period of time with Term Insurance. In the event of death or Total and Permanent Disability (if the benefit is offered), your dependants will be paid a benefit. In Term Insurance, no benefit is normally payable if the life assured survives the term. Whole Life Insurance: With whole life insur...
Life Insurance is a financial cover for a contingency linked with human life, like death, disability, accident, retirement etc. Human life is subject to risks of death and disability due to natural and accidental causes. When human life is lost or a person is disabled permanently or temporarily, there is loss of income to the household. Though human life cannot be valued, a monetary sum could be...
Formalities for a death claim When a person with a life insurance policy – called a life assured – dies, a claim intimation should be sent to the insurance company as early as possible. The assignee or nominee under the policy can do this. So can any close relative or the agent who handles the policy. The claim intimation should contain information like the date, place and cause of ...
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...
When we talk about Insurance as an investment option, ULIPs have an important role as many of the investor nowadays goes for this as a profitable avenue. ULIP is an abbreviation for Unit Linked Insurance Policy. A ULIP is a life insurance policy which provides an arrangement of risk cover and investment. The dynamics of the capital market have a direct impact on the performance of theULIPs. Reme...
After the fight between Securities and Exchange Board of India (SEBI) and Insurance Regulatory and Development Authority (IRDA) regarding Unit Linked Insurance Policy (ULIP) the Supreme Court of India have decided that investments in ULIP which were covered under Section 80C of Income Tax act were to be placed under the governance of the IRDA. Unit Linked Insurance Policy (ULIP) is a product whi...
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...
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...
