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INSURANCE


You can deal with your present insurance advisors if theyoffer you satisfactory services and you have trust in them. But take the policies which we recommend, because we focus on purpose of the policy with the minimum cost to you and investments with the maximum returns. We value for your money.

 

Insurance is a Social Security Tool:

Fund collected as premiums is held in a trust for the benefit of policy holders. It is a contract that pays the amount to the person or to the nominee. The policy is valid for the contracted duration if the premiums are paid.

 

Life Insurance

Purpose & Need of Insurance:

  1. Time of death is uncertain. If bread-earner is lost, dependents will suffer and if someone lives too long, expenses are to be met.
  2. You can become non-earner or liability due to accident / heart attack etc.
  3. Insurance tries to reduce the impact of the risk on dependants.
  4. There is a possibility of loss or damage. In case of its occurrence, it needs financial compensation.
  5. It removes the fear, worry and anxiety associated with future uncertainty.
  6. No bank or financial institution would advance loans unless insured against loss or damage.

 

Life insurance, in short, is concerned with 2main hazards that stand across the life-path of every person:

  1. That of dying prematurely leaves a dependent family to fend for itself.
  2. That of living too long without visible means of financial support.

With Profit and Without Profit Plans

  1. An insurance policy can be with or without profit. In the former, bonuses disclosed, if any, after periodical valuations are allotted to the policy and are payable along with the contracted amount.
  2. In without profit plan the contracted amount is paid without any addition. The premium rate charged for a with profit policy is therefore higher than for a without profit policy.

 

General Insurance

  1. Health Insurance :Classification of Insurable Risks with Example:

1)       Critical risk- Wiping out everything by tsunami causes total loss which can lead to bankruptcy

2)       Important risk  - Bread earner’s death may upset family which requires a lot of time to recover.

3)       Unimportant risk- Temporary illness

4)       Pure risk- Accidental death

  1. Other than Health Insurance :Classification of Insurable Risks with Example:

1)       Financial risk   - Factory damaged due to earthquake, Material in shop damaged due to flood

2)       Static risk- Fire

3)       Fundamental risk- Flood

4)       Particular risk  - Theft


Juzer Gabajiwala The SWP enables investors to withdraw a specified amount regularly, thus addressing two shortcomings of the dividend option viz., quantum and timing.
Thu, 23 Nov 2017 10:10:09 +0530


Coffee Can Portfolio: Here#39;s all you need to know Watch the interview of Rakshit Ranjan, Coffee Can Portfolio Manager of Ambit Asset Management with Ekta Batra and Prashant Nair of CNBC-TV18, where he shared what the Coffee Can Portfolio is all about.
Mon, 20 Nov 2017 13:15:58 +0530


Confused about which fund to invest in? Mutual funds just got easy All mutual fund schemes within a fund house will need to be appropriately distinct from each other in terms of strategy, asset allocation, etc.
Fri, 17 Nov 2017 11:45:27 +0530


Sunil Subramaniam Watch the interview of Sunil Subramaniam, CEO at Sundaram Mutual Fund with Prashant Nair and Ekta Batra on CNBC-TV18, in which he shared his readings and outlook on market and specific stocks.
Wed, 08 Nov 2017 12:05:50 +0530


Manish Sonthalia Manish Sonthalia also said that telco ARPUs could have bottomed out and a tariff hike is likely to be around the corner.
Fri, 03 Nov 2017 10:56:31 +0530


Swati Kulkarni Watch the interview of Swati Kulkarni, Executive Vice President and Fund Manager at UTI MF with Prashant Nair and Ekta Batra on CNBC-TV18, in which she shared her readings and outlook on market and specific stocks and sectors.
Tue, 31 Oct 2017 12:04:40 +0530


Can mutual funds help you generate tax efficient monthly fixed income? For regular returns, investors opt for fixed deposit, company deposit or small saving schemes. These suffer from disadvantages when it comes to taxation, falling interest rates liquidity in case of some emergency.
Wed, 25 Oct 2017 12:25:28 +0530


S Krishna Kumar S Krishna Kumar said that the bank recap step changed the framework with which PSU banks will be seen. He expects cement, infra stocks to get better as well.
Wed, 25 Oct 2017 10:41:39 +0530


Leo Puri CNBC-TV18 caught up with Leo Puri, MD, UTI AMC to talk about SIP culture and the outlook for the mutual fund industry going forward.
Mon, 23 Oct 2017 15:53:02 +0530


Lalit Nambiar Watch the interview of Lalit Nambiar, EVP - Fund Manager Head of Research at UTI MF with Prashant Nair, and Ekta Batra on CNBC-TV18, in which he shared his readings and outlook on market and specific stocks.
Wed, 18 Oct 2017 12:43:51 +0530

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