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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


How to accomplish your financial goals through twin strategy of SIP and SWP It’s advisable to adopt the twin strategy of Systematic Investment Plan (SIP) and Systematic Withdrawal Plan (SWP) to meet financial goals.
Fri, 16 Feb 2018 10:12:01 +0530


Direct plans of mutual funds: Why do they suit everyone Product awareness campaigns by market participants and sustained backing from the regulator would motivate more retail investors to embrace direct plans.
Fri, 09 Feb 2018 10:35:25 +0530


S Naren Investors had forgotten the word ‘risk’ and now they will be more careful, said investors had forgotten the word ‘risk’ and now they will be more careful.
Wed, 07 Feb 2018 11:31:14 +0530


Dr.Renu Pothen GOI has decided to introduce a 10% tax on long term capital gains on equities and equity oriented mutual funds exceeding INR 1 lakh.
Fri, 02 Feb 2018 15:21:35 +0530


Lalit Nambiar Watch the interview of Lalit Nambiar of UTI MF with Prashant Nair and Ekta Batra of CNBC-TV18, where he shared his readings and outlook on the fundamentals of the market, and specific stocks and sectors.
Tue, 23 Jan 2018 12:04:32 +0530


Harsha Upadhyaya The expert believes that it would be prudent to tilt the portfolio towards largecaps, where valuations are slightly better.
Mon, 22 Jan 2018 11:01:26 +0530


Sunil Subramaniam In an interview with CNBC-TV18, Sunil Subramaniam, CEO of Sundaram Mutual Fund discussed the mutual fund (MF) industry wish-list and their expectations from Budget 2018.
Thu, 18 Jan 2018 14:56:59 +0530


Bill Maldonado The one thing they like about investing in India is the prudent manner in which the economy has been managed by the government and the RBI, said Bill Maldonado of HSBC Global AMC.
Fri, 12 Jan 2018 15:50:33 +0530


S Krishna Kumar The overall market is factoring in a lot of positive news, said S Krishna Kumar. Cues such as India being fastest-growing economy going ahead along with swelling order books of EPC firms are working well.
Thu, 11 Jan 2018 10:28:56 +0530

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