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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


Nilesh Shah There seems to be lot of money waiting on the sidelines but when the correction comes and there is negativity around, they may like to time it better, said Nilesh Shah, Managing Director, Kotak Mahindra AMC.
Tue, 26 Sep 2017 12:29:22 +0530


Here#39;s a fundamental check on markets by UTI MF#39;s Swati Kulkarni Watch the interview of Swati Kulkarni of UTI MF with Prashant Nair and Ekta Batra of CNBC-TV18. She shared her reading and outlook on the market.
Mon, 25 Sep 2017 14:06:05 +0530


Mahesh Patil Mahesh Patil of Birla Sun Life believes that the Street currently could be reacting to cues such as higher current account deficit (CAD), pressure on the rupee and developments around fiscal deficit as well.
Fri, 22 Sep 2017 10:31:54 +0530


Here is a fundamental view on the market from 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.
Tue, 19 Sep 2017 12:25:49 +0530


Shweta Jain SIP work irrespective of market sentiment. Marry the SIP with your financial goal and you are home.
Tue, 19 Sep 2017 09:50:25 +0530


Sunil Singhania Says economy will continue to grow and that will drive up the equity markets going forward.
Mon, 18 Sep 2017 10:16:49 +0530


Rajeev Thakkar Among the new theme that they have added is Facebook, which is an international stock, said Rajeev Thakkar, Chief Investment Officer and Director, PPFAS MF.
Fri, 15 Sep 2017 16:24:18 +0530


Joydeep Sen Only a fund with a relatively smaller corpus size can be quickly repositioned; a large fund will have the baggage of existing portfolio which should not be disturbed.
Thu, 14 Sep 2017 09:53:45 +0530


Vaibhav Agrawal Unlike other instruments like PPF, NSC and Long term deposits, an ELSS is a long-term wealth creator due to its consistent equity exposure.
Tue, 12 Sep 2017 11:26:33 +0530


Harsha Upadhyaya Kotak MF’s Upadhyaya said that September and December could be slightly better quarters due to GST-hit sectors seeing some recovery.
Tue, 12 Sep 2017 10:27:33 +0530


Lack of jobs in economy a worry; may see job growth once GST effect reduces: Axis MF In an interview to CNBC-TV18, Chandresh Kumar Nigam, MD CEO of Axis Mutual Fund, spoke about his reading of the market and his outlook on inflows into equity mutual funds (MFs).
Thu, 07 Sep 2017 14:23:12 +0530


Anand Radhakrishnan To celebrate the Mutual Fund Day that falls on every 7 day of the month, CNBC-TV18 spoke to Anand Radhakrishnan, CIO- Equity, Franklin Templeton Investments. Last month mutual funds saw a record inflows to the tune of Rs 20,000 crore.
Thu, 07 Sep 2017 12:13:40 +0530


S Krishna Kumar Companies such as Bajaj Finance and Capital First, among others, have been able to innovate, use technology, disrupt markets and gained advantage among competitors to pursue higher growth.
Thu, 07 Sep 2017 12:02:14 +0530


Joydeep Sen The average SIP size is Rs 3,250 and the month-wise collection through SIPs is just under Rs 5,000 crore per month now. It shows investors are walking in the right direction.
Thu, 07 Sep 2017 11:03:32 +0530


Hybrid funds - A balanced approach to investing Balanced, MIPs, Equity Savings and Dynamic Allocation are categorized as Hybrid funds
Thu, 07 Sep 2017 10:53:29 +0530

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