Retiring Wealthy is the most desired aspects of Retirement Planning. Thanks to the advances in modern science, the average life expectancy is continuously increasing. Changing trends show that the non-working life of an individual can be longer than his working life. With increasingly stressful life every one wants to retire early but this requires right planning.
For a 25 year old who needs Rs.30000 per month today to run his household would require Rs. 1.28 lacs per month after 25 years if inflation is assumed at 6%. This comes to Rs.15.45 lacs per annum. Now if one assumes to earn 10% return post retirement, he needs Rs.1.55 crores just to meet his monthly household expenses.
Monthly Expense: Rs. 30000/- Rate of Inflation:6% No of yrs for retirement: 25 Future Value:Rs. 1.28 lacs
You need to plan for retirement because:
* Traditional avenue of savings are not sufficient to meet retirement expenses.
* Rising cost of living.
* With higher life expectancy you need to provide for around 30 years of your retired life.
* Not all of us are covered under pension schemes.
* No social security system in India like in the USA.
Start Investing Today
Start Investing Today - A liitle can go a long way
Systematic Investment Plan
What is an SIP?
SIP means Systematic Investment Plan. This is one of the more effective investment strategy for accumulating wealth in a disciplined manner over a long period. A specific amount will be invested for a chosen period at regular intervals.
For example, if an investor wants to invest Rs 12000 and makes a one-time investment at an NAV of Rs 15, 800 (12,000/15) units will be allotted.
In the case of an SIP, the investor distributes Rs 12,000 over a year and invests Rs 1,000 every month. The amount will be invested at different levels of NAV, as market conditions and level of indices keep changing on a day-to-day basis. The investment in 12 installments will get averaged at different NAVs in an automatic manner without the investor timing the entry point.
Systematic Investment Plan
What is an SIP?
SIP means Systematic Investment Plan. This is one of the more effective investment strategy for accumulating wealth in a disciplined manner over a long period. A specific amount will be invested for a chosen period at regular intervals.
For example, if an investor wants to invest Rs 12000 and makes a one-time investment at an NAV of Rs 15, 800 (12,000/15) units will be allotted.
In the case of an SIP, the investor distributes Rs 12,000 over a year and invests Rs 1,000 every month. The amount will be invested at different levels of NAV, as market conditions and level of indices keep changing on a day-to-day basis. The investment in 12 installments will get averaged at different NAVs in an automatic manner without the investor timing the entry point.
Protection Plan Term Insurance Plan Life Insurance Cover Medical Cover
Protection Plan - Financial Uncertainities of Life
Financial Uncertainties of Life -
Like game of cricket, human life is also full of glorious uncertainties. Financial uncertainties is one of the uncertainties of life. Financial uncertainties, loss of income may dawn upon you or your family in case of -
Untimely demise or
Critical illness or
Accidental Disability
Protection Plan Need -
Safeguard your family’s financial independence and sustenance against uncertainties - Protection Plans help you shield your family from uncertainties in life due to financial losses in terms of loss of income that may dawn upon them in case of your untimely demise or critical illness. Securing the future of one’s family is one of the most important goals of life. Protection Plans go a long way in ensuring your family’s financial independence in the event of your unfortunate demise or critical illness. They are all the more important if you are the chief wage earner in your family. No matter how much you have saved or invested over the years, sudden eventualities, such as death or critical illness, always tend to affect your family financially apart from the huge emotional loss.
Financial cushion in case of an eventuality - Critical Illness can strike anyone. Today with advancement in medical science it is possible to survive a critical illness. Expenses on survival with a critical illness can be very high. Critical care plan provides for a lump sum payment on survival post diagnosis of a critical illness, so that in the event a critical illness strikes, you don’t have to dig into those precious savings of yours.
Protection Plans -
Term Insurance Plan - Pure life cover plan with no investment component. High cover at a very nominal cost. This plan is designed to help secure your family’s financial needs in case of uncertainties. The plan does this by providing a lump sum to the family of the life assured in case of death of the life assured during the term of the contract. One can choose the lump sum that would replace the income lost to one’s family in the unfortunate event of one’s death. This helps your family to maintain their financial independence, even when you are not around
Medical Insurance Plan - This plan provides cover for the medical expenses, so that you do not have to big into your savings and / or investments. This cover is useful when the individual recovers from illness in short period of time and is able to start working / earning again soon. This plan is useful when the loss of income is not pro-longed
Critical Care Plan - This plan provides valuable financial protection on survival post diagnosis of critical illnesses or disability. This cover is useful when the recovery process, from critical illness or disability, is prolonged and there is loss of income for long period of time. Lump sum benefit payment paid irrespective of medical expenses. The policy continues even after the benefit payment paid on selected illness
Suggest you to do the following reviews -
Life Insurance Cover - Review your existing savings, assets and life cover. Is the existing life cover sufficient to compensate your earnings and cover your financial liabilities
Medical Cover - Is your office medical cover sufficient to cover the medical expenses for you & your family
Critical Care Cover - Do you have critical care cover to compensate for financial loss because of serious illness which results in pro-longed period of loss of earnings
Financial Uncertainties of Life -
Like game of cricket, human life is also full of glorious uncertainties. Financial uncertainties is one of the uncertainties of life. Financial uncertainties, loss of income may dawn upon you or your family in case of -
Untimely demise or
Critical illness or
Accidental Disability
Protection Plan Need -
Safeguard your family’s financial independence and sustenance against uncertainties - Protection Plans help you shield your family from uncertainties in life due to financial losses in terms of loss of income that may dawn upon them in case of your untimely demise or critical illness. Securing the future of one’s family is one of the most important goals of life. Protection Plans go a long way in ensuring your family’s financial independence in the event of your unfortunate demise or critical illness. They are all the more important if you are the chief wage earner in your family. No matter how much you have saved or invested over the years, sudden eventualities, such as death or critical illness, always tend to affect your family financially apart from the huge emotional loss.
Financial cushion in case of an eventuality - Critical Illness can strike anyone. Today with advancement in medical science it is possible to survive a critical illness. Expenses on survival with a critical illness can be very high. Critical care plan provides for a lump sum payment on survival post diagnosis of a critical illness, so that in the event a critical illness strikes, you don’t have to dig into those precious savings of yours.
Protection Plans -
Term Insurance Plan - Pure life cover plan with no investment component. High cover at a very nominal cost. This plan is designed to help secure your family’s financial needs in case of uncertainties. The plan does this by providing a lump sum to the family of the life assured in case of death of the life assured during the term of the contract. One can choose the lump sum that would replace the income lost to one’s family in the unfortunate event of one’s death. This helps your family to maintain their financial independence, even when you are not around
Medical Insurance Plan - This plan provides cover for the medical expenses, so that you do not have to big into your savings and / or investments. This cover is useful when the individual recovers from illness in short period of time and is able to start working / earning again soon. This plan is useful when the loss of income is not pro-longed
Critical Care Plan - This plan provides valuable financial protection on survival post diagnosis of critical illnesses or disability. This cover is useful when the recovery process, from critical illness or disability, is prolonged and there is loss of income for long period of time. Lump sum benefit payment paid irrespective of medical expenses. The policy continues even after the benefit payment paid on selected illness
Suggest you to do the following reviews -
Life Insurance Cover - Review your existing savings, assets and life cover. Is the existing life cover sufficient to compensate your earnings and cover your financial liabilities
Medical Cover - Is your office medical cover sufficient to cover the medical expenses for you & your family
Critical Care Cover - Do you have critical care cover to compensate for financial loss because of serious illness which results in pro-longed period of loss of earnings
New Janaraksha Plan
New Janaraksha Plan is an Endowment Assurance plan that provides financial protection against death throughout the term of plan. It provides full life insurance for 3 years even when the premiums are not paid. New Janaraksha Plan (with Profits) is specially designed for people with irregular income and whose job is not secure due to fluctuating income, i.e. Workers with unorganized sector, Daily wage earners, Call Center Employees, Farmers, Small businessman etc.
LIC’s JEEVAN NISCHAY TABLE NO. 199 Santosh Rathod- 9986184653
LIC’s JEEVAN NISCHAY TABLE NO. 199
Introduction:
LIC’s JEEVAN NISCHAY TABLE NO. 199 (UIN : 512N258V01)
LIC�s Jeevan Nischay is a Single Premium closed ended plan designed exclusively for our valuable policyholders like you who have at least one in force risk bearing policy with us accepted at our standard rate. You may choose the premium amount you wish to pay and the sum payable on maturity (Maturity Sum Assured) will depend on the premium amount, your age and the term selected.
1. ELIGIBILITY CONDITIONS
Minimum age at entry 18 years (completed)
Maximum age at entry 50 years (nearest birthday)
Policy term 5, 7 and 10 years
Minimum Single Premium Rs. 10,000/-
Maximum Single Premium Rs. 10,00,000/-
(Premium shall be in multiples of Rs.1,000/-) Maximum Basic Sum Assured (First Year Death Benefit) : Lower of- Rs. 50,00,000, and 50% of total Sum Assured (total death benefit) under all existing in force policies
2. INCENTIVE FOR HIGH PREMIUM PAID
If your premium amount is Rs. 25,000 or more, you will receive higher maturity sum assured due to available incentive.
3. LOAN
You can avail loan under this plan after completion of one policy year.
4. SURRENDER VALUE:
You may surrender the policy after it has run for at least one year. The Guaranteed Surrendered Value will be equal to 90% of the Single premium paid excluding the extra premium, if any. Corporation may however pay Special Surrender value as applicable on the date of surrender provided the same is higher than the guaranteed surrender value.
5. EXCLUSIONS:
Suicide: This policy shall be void if the Life Assured commits suicide (whether sane or insane at that time) at any time within one year from the date of commencement of risk and the Corporation will not entertain any other claim by virtue of this policy except to the extent of a maximum of (i) 90% of the Single Premium paid excluding any extra premium paid, or (ii) third party�s bonafide beneficial interest acquired in the policy for valuable consideration (but limited to the death benefit available under this policy) of which notice has been given in writing to the branch where this policy is being presently serviced (where the policy records are kept) at least one calendar month prior to death.
6. COOLING OFF PERIOD:
If you are not satisfied with the �Terms and Conditions� of the policy, you may return the policy to us within 15 days.
Introduction:
LIC’s JEEVAN NISCHAY TABLE NO. 199 (UIN : 512N258V01)
LIC�s Jeevan Nischay is a Single Premium closed ended plan designed exclusively for our valuable policyholders like you who have at least one in force risk bearing policy with us accepted at our standard rate. You may choose the premium amount you wish to pay and the sum payable on maturity (Maturity Sum Assured) will depend on the premium amount, your age and the term selected.
1. ELIGIBILITY CONDITIONS
Minimum age at entry 18 years (completed)
Maximum age at entry 50 years (nearest birthday)
Policy term 5, 7 and 10 years
Minimum Single Premium Rs. 10,000/-
Maximum Single Premium Rs. 10,00,000/-
(Premium shall be in multiples of Rs.1,000/-) Maximum Basic Sum Assured (First Year Death Benefit) : Lower of- Rs. 50,00,000, and 50% of total Sum Assured (total death benefit) under all existing in force policies
2. INCENTIVE FOR HIGH PREMIUM PAID
If your premium amount is Rs. 25,000 or more, you will receive higher maturity sum assured due to available incentive.
3. LOAN
You can avail loan under this plan after completion of one policy year.
4. SURRENDER VALUE:
You may surrender the policy after it has run for at least one year. The Guaranteed Surrendered Value will be equal to 90% of the Single premium paid excluding the extra premium, if any. Corporation may however pay Special Surrender value as applicable on the date of surrender provided the same is higher than the guaranteed surrender value.
5. EXCLUSIONS:
Suicide: This policy shall be void if the Life Assured commits suicide (whether sane or insane at that time) at any time within one year from the date of commencement of risk and the Corporation will not entertain any other claim by virtue of this policy except to the extent of a maximum of (i) 90% of the Single Premium paid excluding any extra premium paid, or (ii) third party�s bonafide beneficial interest acquired in the policy for valuable consideration (but limited to the death benefit available under this policy) of which notice has been given in writing to the branch where this policy is being presently serviced (where the policy records are kept) at least one calendar month prior to death.
6. COOLING OFF PERIOD:
If you are not satisfied with the �Terms and Conditions� of the policy, you may return the policy to us within 15 days.
Be a Successful Investor
Be a Successful Investor ...
“Wall Street people learn nothing and forget everything”
This comment by Benjamin Graham pretty much sums up how most of us are. Most of us are generally stuck with our own ideas and philosophy… having little hunger to understand, absorb and practice new things. Most of us further believe that their way of investing is the smartest and the best in the street. But the reality may be different to what we may believe. This article focuses on how we should look at investing … and the philosophy that should ideally be followed.
The successful investor is one who:
_ Does the needed Planning
_ Makes investments Systematically
_ Has Diversified his investments
_ Does regular Reviews of his investments
_ Does not look to time markets…Long Term Investing
_ Doesn’t carry too much Debt
_ Has Taxes in mind while investing (and spending!)
Santosh
9986184653
rsantoshrathod@gmail.com
“Wall Street people learn nothing and forget everything”
This comment by Benjamin Graham pretty much sums up how most of us are. Most of us are generally stuck with our own ideas and philosophy… having little hunger to understand, absorb and practice new things. Most of us further believe that their way of investing is the smartest and the best in the street. But the reality may be different to what we may believe. This article focuses on how we should look at investing … and the philosophy that should ideally be followed.
The successful investor is one who:
_ Does the needed Planning
_ Makes investments Systematically
_ Has Diversified his investments
_ Does regular Reviews of his investments
_ Does not look to time markets…Long Term Investing
_ Doesn’t carry too much Debt
_ Has Taxes in mind while investing (and spending!)
Santosh
9986184653
rsantoshrathod@gmail.com
Pick UR Advisor for Financial Goals, Protection. Savings. Savings - Children Plan, Investment, Retirement
Pick UR Advisor
When it comes to planning for your financial goals, you need an advisor whom you can trust the most and who can talk your language! We bring to you a unique and personalized service which helps you pick a qualified and experienced financial advisor who can talk in your free time at your convenience.
Simply fill up the form below to get started!
Name:
Gender:
Marital Status:
Date of Birth:
Insurance Need: 1. Protection 2. Savings 3. Savings - Children Plan
4. Investment 5. Retirement
City:
Mobile Number:
E-mail:
R. Santosh Rathod
9986184653
rsantoshrathod@gmail.com
When it comes to planning for your financial goals, you need an advisor whom you can trust the most and who can talk your language! We bring to you a unique and personalized service which helps you pick a qualified and experienced financial advisor who can talk in your free time at your convenience.
Simply fill up the form below to get started!
Name:
Gender:
Marital Status:
Date of Birth:
Insurance Need: 1. Protection 2. Savings 3. Savings - Children Plan
4. Investment 5. Retirement
City:
Mobile Number:
E-mail:
R. Santosh Rathod
9986184653
rsantoshrathod@gmail.com
LIC’s JEEVAN NISCHAY TABLE NO. 199 9986184653 rsantoshrathod@gmail.com
Introduction:LIC’s JEEVAN NISCHAY TABLE NO. 199
LIC's Jeevan Nischay is a single premium closed ended plan designed exclusively for our valuable policyholders like you who have at least one in force risk bearing policy with us accepted at our standard rate. You may choose the premium amount you wish to pay and the sum payable on maturity (Maturity Sum Assured) will depend on the premium amount, your age and the term selected.
1. ELIGIBILITY CONDITIONS
Minimum age at entry: 18 years (completed)
Maximum age at entry: 50 years (nearest birthday)
Policy term: 5, 7 and 10 years
Minimum Single Premium: Rs. 10,000/-
Maximum Single Premium: Rs. 10,00,000/-
(Premium shall be in multiples of Rs.1,000/-) Maximum Basic Sum Assured (First Year Death Benefit) : Lower of- Rs. 50,00,000, and 50% of total Sum Assured (total death benefit) under all existing in force policies
2. INCENTIVE FOR HIGH PREMIUM PAID
If your premium amount is Rs. 25,000 or more, you will receive higher maturity sum assured due to available incentive.
3. LOAN
You can avail loan under this plan after completion of one policy year.
4. SURRENDER VALUE:
You may surrender the policy after it has run for at least one year. The Guaranteed Surrendered Value will be equal to 90% of the Single premium paid excluding the extra premium, if any. Corporation may however pay Special Surrender value as applicable on the date of surrender provided the same is higher than the guaranteed surrender value.
5. EXCLUSIONS:
Suicide: This policy shall be void if the Life Assured commits suicide (whether sane or insane at that time) at any time within one year from the date of commencement of risk and the Corporation will not entertain any other claim by virtue of this policy except to the extent of a maximum of (i) 90% of the Single Premium paid excluding any extra premium paid, or (ii) third party�s bonafide beneficial interest acquired in the policy for valuable consideration (but limited to the death benefit available under this policy) of which notice has been given in writing to the branch where this policy is being presently serviced (where the policy records are kept) at least one calendar month prior to death.
6. COOLING OFF PERIOD:
If you are not satisfied with the �Terms and Conditions� of the policy, you may return the policy to us within 15 days.
Enterprises has emerged as frontrunner to acquire American International Group’s (AIG) investment unit
The latest report suggests that the Delhi-based firm may buy the asset management firm
independently.New Delhi : -->
Financial services conglomerate Religare Enterprises has emerged as frontrunner to acquire American International Group’s (AIG) investment unit. Earlier reports indicated that Religare will partner will Australian banking giant Macquarie to buyout AIG Investments.
The latest report suggests that the Delhi-based firm may buy the asset management firm independently according to Financial News. Religare is being advised by Jefferies on the bid.
A spokesperson from Religare declined to comment on this development when contacted by VCCircle.
Franklin Templeton Investments, one of the largest asset managers in the world, was also in the race but pulled out last month. Singapore state investor Temasek Holdings Pte Ltd, Hong Kong tycoon Richard Li's Pacific Century Group, and New York-based private equity firm Crestview Partners LP, were also part of the Franklin consortium.
While Temasek and Pacific Century pulled out with Franklin, Crestview is still reported to be in the race. Last week the PE firm was reported to be close to the deal at a price of $300-400 million.
AIG Investments, which manages funds in excess of $85 billion, is expecting a valuation of $500 million. The latest report says that Religare is willing to spend $500 million to build an international
asset management business. AIG is selling its assets in order to repay the $182.5 billion bailout by the US government.
Last year, Religare acquired London-based broker Hichens Harrison & Co Plc for £56 million. The firm appointed Matthew H Mongia as a Director, Global Asset Management, of Religare Hichens Harrison earlier this year to develop its asset management vertical via new
product launches and strategic acquisitions globally. Mongia has worked with Monsoon Capital and Fidelity Investments.
Religare Enterprises Ltd is the financial services company owned by Malvinder and Shivinder Singh, the promoters of Ranbaxy Pharmaceuticals. The Singhs signed a deal with Japanese pharma company Daiichi Sankyo in June 2008 to sell their 34.8% stake in the company
for Rs 9,576 crore.
Since then, the Singhs have been expanding their financial services and healthcare business.
source
vccircle.com
independently.New Delhi : -->
Financial services conglomerate Religare Enterprises has emerged as frontrunner to acquire American International Group’s (AIG) investment unit. Earlier reports indicated that Religare will partner will Australian banking giant Macquarie to buyout AIG Investments.
The latest report suggests that the Delhi-based firm may buy the asset management firm independently according to Financial News. Religare is being advised by Jefferies on the bid.
A spokesperson from Religare declined to comment on this development when contacted by VCCircle.
Franklin Templeton Investments, one of the largest asset managers in the world, was also in the race but pulled out last month. Singapore state investor Temasek Holdings Pte Ltd, Hong Kong tycoon Richard Li's Pacific Century Group, and New York-based private equity firm Crestview Partners LP, were also part of the Franklin consortium.
While Temasek and Pacific Century pulled out with Franklin, Crestview is still reported to be in the race. Last week the PE firm was reported to be close to the deal at a price of $300-400 million.
AIG Investments, which manages funds in excess of $85 billion, is expecting a valuation of $500 million. The latest report says that Religare is willing to spend $500 million to build an international
asset management business. AIG is selling its assets in order to repay the $182.5 billion bailout by the US government.
Last year, Religare acquired London-based broker Hichens Harrison & Co Plc for £56 million. The firm appointed Matthew H Mongia as a Director, Global Asset Management, of Religare Hichens Harrison earlier this year to develop its asset management vertical via new
product launches and strategic acquisitions globally. Mongia has worked with Monsoon Capital and Fidelity Investments.
Religare Enterprises Ltd is the financial services company owned by Malvinder and Shivinder Singh, the promoters of Ranbaxy Pharmaceuticals. The Singhs signed a deal with Japanese pharma company Daiichi Sankyo in June 2008 to sell their 34.8% stake in the company
for Rs 9,576 crore.
Since then, the Singhs have been expanding their financial services and healthcare business.
source
vccircle.com
One can consider investing in the Religare PSU Equity Fund
Religare Mutual Fund has come out with a New Fund Offer named Religare PSU Equity fund.
Religare AMC post its acquisition of Lotus AMC in Dec 2009, has seen its AUM grow 4 fold to Rs. 14,700 crores, over a 10 month period.
Fund Facts :
The fund seeks to invest in Companies where the Central / State Government(s) has majority shareholding or management control or has powers to appoint majority of directors.
Fund Manager Mr. Pradeep Kumar
Benchmark BSE PSU Index
The fund will invest 65 per cent of its assets in companies in the BSE PSU index and the remaining 35 per cent in other PSU companies. The fund will also participate in forthcoming IPOs of Government companies. In addition, the Fund mandate has been carefully thought through and provides the flexibility to hold up to 20% of the companies even after the Government exits or becomes a minority shareholder, past examples being Hindustan Zinc and Maruti.
The fund will adopt a bottom up & top down approach to create a diversified portfolio of stocks. The fund will have no capitalization bias and will be style neutral.
Religare PSU Equity New Fund Offer opened on Tuesday September 29th 2009 and will close on October 28 2009.
WHY INVEST :
Valuation wise PSU Companies are available at a discount of approx 25% to Sensex, giving adequate comfort in terms of safety.
Govt's disinvestment programme will be a good booster for PSU companies. The disinvestment will also improve the free float which will in turn improve their weightage in Nifty, forcing Funds across the World with India exposure to increase exposure to PSUs and giving their Stocks a boost.
Lesser Govt intervention is helping manage the PSUs more professionally thus attacting more FII interest.
All these measure are expected to re-rate PSUs on par with Private Companies in terms of PE, if not more thus giving Above Average Gains.
COMMENTS & RECOMMENDATION :
As you would have already guessed, my recommendation is INVEST. Most PSUs are BIG companies and are Leaders in their industries, in fact, many are virtual Monopolies. Thus this Fund will be like a Large Cap Fund. This Fund will is recommended for Long Term Investors.
In the Last Year's Big Bear Crash, PSUs were the Least Affected thus giving a sort of comfort to investors. This Fund being a Proxy to PSUs and a proxy to the India Growth Story and thus, should make it to every Investor's Portfolio.
Religare Mutual Fund has come out with a New Fund Offer named Religare PSU Equity fund.
Religare AMC post its acquisition of Lotus AMC in Dec 2009, has seen its AUM grow 4 fold to Rs. 14,700 crores, over a 10 month period.
Fund Facts :
The fund seeks to invest in Companies where the Central / State Government(s) has majority shareholding or management control or has powers to appoint majority of directors.
Fund Manager Mr. Pradeep Kumar
Benchmark BSE PSU Index
The fund will invest 65 per cent of its assets in companies in the BSE PSU index and the remaining 35 per cent in other PSU companies. The fund will also participate in forthcoming IPOs of Government companies. In addition, the Fund mandate has been carefully thought through and provides the flexibility to hold up to 20% of the companies even after the Government exits or becomes a minority shareholder, past examples being Hindustan Zinc and Maruti.
The fund will adopt a bottom up & top down approach to create a diversified portfolio of stocks. The fund will have no capitalization bias and will be style neutral.
Religare PSU Equity New Fund Offer opened on Tuesday September 29th 2009 and will close on October 28 2009.
WHY INVEST :
Valuation wise PSU Companies are available at a discount of approx 25% to Sensex, giving adequate comfort in terms of safety.
Govt's disinvestment programme will be a good booster for PSU companies. The disinvestment will also improve the free float which will in turn improve their weightage in Nifty, forcing Funds across the World with India exposure to increase exposure to PSUs and giving their Stocks a boost.
Lesser Govt intervention is helping manage the PSUs more professionally thus attacting more FII interest.
All these measure are expected to re-rate PSUs on par with Private Companies in terms of PE, if not more thus giving Above Average Gains.
COMMENTS & RECOMMENDATION :
As you would have already guessed, my recommendation is INVEST. Most PSUs are BIG companies and are Leaders in their industries, in fact, many are virtual Monopolies. Thus this Fund will be like a Large Cap Fund. This Fund will is recommended for Long Term Investors.
In the Last Year's Big Bear Crash, PSUs were the Least Affected thus giving a sort of comfort to investors. This Fund being a Proxy to PSUs and a proxy to the India Growth Story and thus, should make it to every Investor's Portfolio.
BSE PSU Index has delivered 20% CAGR in the last 10 years and has outperformed the Sensex by 8%.
SPECIAL TIP :
Invest in small lump-sums instead of SIPs if you can track the sector and are prepared to book profits occasionally.
Best of luck,
Santosh Rathod
Jeevan kishore lic children policy
Jeevan kishore
Example: Mr. Ram aged 35 years takes a Jeevan kishore policy for his 3 years old son master Rinku for S.A. 2 lac to be matured at the age of 22 of his son.
He also opts for premium waiver benefit.Life risk will commenced from the policy anniversary after completion of 7 yrs. Of Rinku’s age.
On maturity master Rinku will get Rs.3,89,000+FAB , if any (2 lac S.A. +Bonus as per bonus rates of 2005 i.e. Rs.45 per 1000 .S.A. per annum 45 x 200 x 21 = 1,89,000 + FAB if any).In case of master sunny dies at the age of 12 after commencement of risk cover, then the nominee will get 2,81,000 (2 lac S.A. + Bonus i.e. 45 x 200 x 9 = 81,000).On attaining the age of 18 master Rinku’s has the option to opt for accident benefit by paying Re. 1 extra per thousand S.A
9986184653
Example: Mr. Ram aged 35 years takes a Jeevan kishore policy for his 3 years old son master Rinku for S.A. 2 lac to be matured at the age of 22 of his son.
He also opts for premium waiver benefit.Life risk will commenced from the policy anniversary after completion of 7 yrs. Of Rinku’s age.
On maturity master Rinku will get Rs.3,89,000+FAB , if any (2 lac S.A. +Bonus as per bonus rates of 2005 i.e. Rs.45 per 1000 .S.A. per annum 45 x 200 x 21 = 1,89,000 + FAB if any).In case of master sunny dies at the age of 12 after commencement of risk cover, then the nominee will get 2,81,000 (2 lac S.A. + Bonus i.e. 45 x 200 x 9 = 81,000).On attaining the age of 18 master Rinku’s has the option to opt for accident benefit by paying Re. 1 extra per thousand S.A
9986184653
Jeevan Anuurag plan a Children Plan
Jeevan Anuurag plan a Children Plan
Example: Mr. Ganesh Rao aged 35 years opted for Jeevan Anuurag plan, S.A 2 Lac, for a term of 15 years.
He pays an annual premium of Rs.15,323/(only 40 rupees per day)- if the policy is in full force,
Mr. Ganesh Rao Will get 20% of S.A i.e. Rs.40,000/- at the start of 31th, 14th & 15th policy year and the balance 40% of S.A i.e. Rs.80,000 will be given at the end of 15th year along with reversionary bonuses declared from time to time for the full term, plus terminal bonus, if any shall be payable.
in case Mr. Ganesh Rao dies during 10th year his nominee will receive Rs.2 lac. No premiums are payable thereafter Moreover the nominee will get Rs.40,000/- at the start of 31th, 14th & 15th policy year and on maturity Rs.80,000 + Reversionary Bonus + terminal bonus, if any.
call 9986184653, Santosh
New Bima Gold get 20,000 at every 4 years
New Bima Gold (T. No.179)
Example: Mr. John, aged 30 years opts for New Bima Gold (T. No.179) for 2 Lakh S.A, paying an annual premium of Rs.7363/- for 20 years period.
He receives Rs.20,000 each at the end of 4,8,12 and 16 years.
On maturity the net amount payable will be total premium paid _ paid up survival benefit + loyalty addition, if any
i.e. 7363 x 20 - 20,000 x 4 = 1,47,260 + loyalty addition,
if any, he will also enjoy the extended term of 10 years
i.e. the term will be 20+10 = 30 years.
But if Mr. John dies after 12 years, his nominee will receive Rs.2lac without deducting the survival benefit paid to Mr. John
Example: Mr. John, aged 30 years opts for New Bima Gold (T. No.179) for 2 Lakh S.A, paying an annual premium of Rs.7363/- for 20 years period.
He receives Rs.20,000 each at the end of 4,8,12 and 16 years.
On maturity the net amount payable will be total premium paid _ paid up survival benefit + loyalty addition, if any
i.e. 7363 x 20 - 20,000 x 4 = 1,47,260 + loyalty addition,
if any, he will also enjoy the extended term of 10 years
i.e. the term will be 20+10 = 30 years.
But if Mr. John dies after 12 years, his nominee will receive Rs.2lac without deducting the survival benefit paid to Mr. John
Sales Financial Services
Position Details
Postion: Sales & Marketing
Qualifications: MBA – Sales/Marketing, BE, BSc, BTech with good written & oral communication skills
Experience: 3.5 to 4 years of experience in sales financial services. Have carried out the entire sales cycle from Lead generation to sales closure and payment collections. Is self drawn with keenness to work with targets and timeliness. Awareness of investment product will be an added advantage.
Job Description: He will need to have a thorough understanding of the products and services. He will be required to generate his own leads and follow them up until closure. This will involve
i. Initial product presentation to prospect
ii. Proposal building
Postion: Sales & Marketing
Qualifications: MBA – Sales/Marketing, BE, BSc, BTech with good written & oral communication skills
Experience: 3.5 to 4 years of experience in sales financial services. Have carried out the entire sales cycle from Lead generation to sales closure and payment collections. Is self drawn with keenness to work with targets and timeliness. Awareness of investment product will be an added advantage.
Job Description: He will need to have a thorough understanding of the products and services. He will be required to generate his own leads and follow them up until closure. This will involve
i. Initial product presentation to prospect
ii. Proposal building
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Free Insurance Quotes
You can contact us at 9986184653 or write to rsantoshrathod@gmail.com Providing your : Name,
Date of birth, etc
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LIFE INSURANCE HEALTH INSURANCE CAR INSURANCE MUTUAL FUNDS HOME LOANS
Why YOU NEED INSURANCE POLICY
Risk cover Tax savings
Permanent and complete protection Protection for your family
Cash lump sum (Bonus Additions) Long-term Investment
Extra income in retirement days Lifetime financial security
Best deal from top Insurance Providers LIC
ICICI Prudential Metlife Bharti Axa Birla sun lifeSBI Life Max New York Reliance HDFC Kotak ING Vysya ICICI Lombard United India Star Health
Get Tax Benefits under Section 80D* with ICICI Lombard Health Insurance
Get Tax Benefits under Section 80D* with ICICI Lombard Health Insurance
Jeevan Anand LIC POLICY ILLUSTRATION
Eg: Following table will highlight the Maturity benefits for a healthy person of age 30 years and for term of 25 years.
If person dies in between the term nominee will receive
S.A + Bonus (Till the death) + F.A.B(If any).
If Person dies any time after term nominee will receive S.A.
S.A 5,00,000 10,00,000
Yearly prm 20,978 41,206
Total Prm 52,4450 10,30,150
Maturity Benefit. S.A 5,00,000 10,00,000
Bonus @ 45/1000, 5, 62,500 12,37,500
FAB @ 550/1000 2,75,000 5,50,000
Total amount(apx.) 13,37,500 27,87,500
If person dies in between the term nominee will receive
S.A + Bonus (Till the death) + F.A.B(If any).
If Person dies any time after term nominee will receive S.A.
S.A 5,00,000 10,00,000
Yearly prm 20,978 41,206
Total Prm 52,4450 10,30,150
Maturity Benefit. S.A 5,00,000 10,00,000
Bonus @ 45/1000, 5, 62,500 12,37,500
FAB @ 550/1000 2,75,000 5,50,000
Total amount(apx.) 13,37,500 27,87,500
Digits of MICR Codes Tax Return
Friends,
While filing Income Tax Return , there is a coloumn of MICR (Magnetic Ink Character Recognition) code. In case of refund cases, this column is very much helpful for everyone. It is commanly used by Banking Industries to faciliate the cheques processing. It makes very easy to refund by Income Tax Department.
Digits of MICR Codes
MICR code contains 9 digits,
First three digits display the city/first 3 character of pin( Postal Index Number) like as in case of Rohtak , Pin number is 124001 , therefore 3 digits of Micr code will be 124.
4-6 Digits display the bank codes alloted to each bank. For example State Bank of India has been alloted "002" . there fore 6 digits of MICR code will be 124002
7-9 Digits display the Bank Branch Codes alloted to each branches of bank. For Example SBI, Mdu branch has been alloted 006. Therefore 9 digits of MICR code will be 124002006.
Finally MICR code will be 124 002 006 (City+Bank+Branch) Codes
While filing Income Tax Return , there is a coloumn of MICR (Magnetic Ink Character Recognition) code. In case of refund cases, this column is very much helpful for everyone. It is commanly used by Banking Industries to faciliate the cheques processing. It makes very easy to refund by Income Tax Department.
Digits of MICR Codes
MICR code contains 9 digits,
First three digits display the city/first 3 character of pin( Postal Index Number) like as in case of Rohtak , Pin number is 124001 , therefore 3 digits of Micr code will be 124.
4-6 Digits display the bank codes alloted to each bank. For example State Bank of India has been alloted "002" . there fore 6 digits of MICR code will be 124002
7-9 Digits display the Bank Branch Codes alloted to each branches of bank. For Example SBI, Mdu branch has been alloted 006. Therefore 9 digits of MICR code will be 124002006.
Finally MICR code will be 124 002 006 (City+Bank+Branch) Codes
SWINE FLU FACT FILE
What are the symptoms?
Swine flu symptoms are similar to the symptoms of regular flu and include fever of over 100.4°F, fatigue, lack of appetite, and cold. Some people with swine flu have also reported runny nose, sore throat, nausea, vomiting and diarrhoea. Nearly everyone with flu has at least two of these symptoms.So, how do you know if you have flu or just cold? There is one clue: when you have the flu, you feel flu symptoms sooner than you would cold symptoms, and they come on with much greater intensity. With the flu, you may feel very weak and fatigued for up to 2 or 3 weeks. You'll have muscle aches and periods of chills and sweats as fever comes and goes. You may also have a stuffy or runny nose, headache, and sore throat. Can I compare flu symptoms with cold symptoms? Yes. The following chart can help you compare flu symptoms with cold symptoms. Use it to lean the differences and similarities between flu and cold symptoms. Then, if you get flu symptoms, call your doctor and ask about an antiviral drug.
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Symptoms
Cold
Flu
Fever
Rare
Characteristic, high 100-102 degrees F); lasts 3-4 days
Headache
Rare
Prominent
General aches, pains
Slight
Usual; often severe
Fatigue, Weakness
Quite mild
Can last up to 2-3 weeks
Extreme Exhaustion
Never
Early and prominent
Stuffy Nose
Common
Sometimes
Chest Discomfort,Cough
Mild to moderate; hacking cough
Common; can become severe
You cannot confirm if you have swine flu just based on your symptoms. Like seasonal flu, pandemic swine flu can cause neurologic symptoms in children. These events are rare, but, as cases associated with seasonal flu have shown, they can be very severe and often fatal.Doctors may offer a rapid flu test, but what you need to understand is a negative result doesn't necessarily mean you don't have the flu. Only lab tests can definitively show whether you've got swine flu. State health departments can do these tests. Source: WebMD
What should you do immediately?
Those of you who have travelled from the affected countries in the past ten days and show symptoms swine flu like fever, cough, sore throat and difficulty in breathing should immediately contact the telephone number given below or visit the nearby Government Hospital.Important contact numbers:Outbreak Monitoring Cell (Control Room, NICD): 011-23921401Websites: www.mohfw.nic.in and www.nicd.nic.inYou can also contact a toll free number 2392 1401 at the National Institute of Communicable DiseaseContact number for each cities:Bangalore BIAL Swine Flu Center - 91-80-22001490SDS TUBERCULOSIS & RAJIV GANDHI INSTITUTE OF CHEST DISEASES(Govt. of Karnataka), Hosur Road, Bangalore - 560029Helpline No: 91-80-26631923ChennaiCommunicable Disease Hospital, 87, T.H. Road, Tondiarpet, Chennai, Tamil NaduHyderabadGovt. General and Chest Diseases Hospital, Erragadda , Hyderabad Hospital Helpline Number - 040-23814939KolkataBeliaghata Infectious Diseases Hospital, 57, Beliaghata Main Road, KolkataMumbaiKasturba Hospital, Arthur Road, Sane Guruji Marg, Mumbai 400011 Ph: 022- 23083901 / 23092458 / 23000889New DelhiYellow Fever Quarantine Centre, Near AAI Residential Colony, New Delhi Ph: 91-11-25652129Influenza Ward, Ward no 5, Second Floor, New Building, RML Hospital, Delhi-1RML- 91-11-24525211,23404328,23365525- Ext 4328Source: Swine Flu India website
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Who is at risk?
Those who are more at risk from becoming seriously ill with swine flu are people with:
chronic (long-term) lung disease, including people who have had drug treatment for their asthma within the past three years,
chronic heart disease,
chronic kidney disease,
chronic liver disease,
chronic neurological disease (neurological disorders include motor neurone disease, Parkinson's disease and multiple sclerosis),
suppressed immune systems (whether caused by disease or treatment),
diabetes,
pregnant women,
people aged 65 or older, and
young children under five.
Source: National Health Service, UK website
How does it spread?
The new swine flu virus is highly contagious, that is it spreads from person to person. The virus is spread through the droplets that come out of the nose or mouth when someone coughs or sneezes. If someone coughs or sneezes and they do not cover it, those droplets can spread about one metre (3ft). If you are very nearby you might breathe them in.Or, if someone coughs or sneezes into their hand, those droplets and the virus within them are easily transferred to surfaces that the person touches, such as door handles, hand rails, telephones and keyboards. If you touch these surfaces and touch your face, the virus can enter your system, and you can become infected.Source: National Health Service, UK website
Can it be prevented?
Influenza antiviral drugs also can be used to prevent influenza when they are given to a person who is not ill, but who has been or may be near a person with swine influenza. When used to prevent the flu, antiviral drugs are about 70% to 90% effective. When used for prevention, the number of days that they should be used will vary depending on a person’s particular situation.Follow this general procedure to reduce the risk of catching or spreading the virus, you should:
Cover your mouth and nose when coughing and sneezing, using a tissue
Throw the tissue away quickly and carefully
Wash your hands regularly with soap and water
Clean hard surfaces (like door handles and remote controls) frequently with a normal cleaning product
Keep away from others as much as possible. This is to keep from making others sick. Do not go to work or school while ill
Stay home for at least 24 hours after fever is gone, except to seek medical care or for other necessities. (Fever should be gone without the use of a fever-reducing medicine.)
Drink clear fluids (such as water, broth, sports drinks, electrolyte beverages for infants) to keep from being dehydrated
Wear a facemask – if available and tolerable – when sharing common spaces with other household members to help prevent spreading the virus to others.
Source: CDC, National Health Service, UK website
Will it help to wear a mask?
Information on the effectiveness of facemasks and respirators for decreasing the risk of influenza infection in community settings is extremely limited. So, it is difficult to assess their potential effectiveness in decreasing the risk of Swine Flu virus transmission in these settings. However, a well-fitted, FDA-approved mask together with other preventive measures MAY reduce the risk of contracting the flu. Those who are sick or caring for someone who is ill should consider using a mask or respirator if leaving the house becomes necessary. Source: CDC
What precautions should one take at home?
Two things - soap and water can reduce the chance of infection by 30 per cent. All you need to do is keep washing your hand with soap and water frequently. Wash hands frequently with soap and water or use alcohol-based hand cleaner when soap and water are not available. Avoid touching your eyes, nose and mouthEat healthy: Proteins are essential to help your body maintain and build strength. Lean meat, poultry, fish, legumes, dairy, eggs, and nuts and seeds are good sources of protein.The Food and Drug Administration recommends that adults eat 50 grams of protein per day. Pregnant and nursing women need more. By eating foods high in protein, we also get the benefit of other healing nutrients such as vitamins B6 and B12, both of which contribute to a healthy immune system.Vitamin B6 is widely available in foods, including protein foods such as turkey and beans as well as potatoes, spinach, and enriched cereal grains. Proteins such as meats, milk, and fish also contain vitamin B12, a powerful immune booster.Minerals such as selenium and zinc work to keep the immune system strong. These minerals are found in protein rich foods such as beans, nuts, meat, and poultry.Exercise: Regular exercise may help prevent the flu. According to recent findings, when moderate exercise is repeated on a near daily basis, there is a cumulative immune-enhancing effect. That is, your strong immune system can fight flu better. When you exercise, your white blood cells -- the blood cells that fight infections in the body -- travel through your body more quickly, fighting bacteria and viruses (such as flu) more efficiently. To maintain good health, experts recommend at least 30 minutes of aerobic activity such as walking, swimming, biking, or running each day.Source: Flu India website, CDC, WebMD
What precautions should one take at schools?
Avoid close contact with people who are sick
People who are sick with an influenza-like illness should stay home and keep away from others as much as possible, including avoiding travel, for at least 24 hours after fever is gone except to get medical care or for other necessities. (Fever should be gone without the use of fever-reducing medicine). Cover your mouth and nose with a tissue when coughing or sneezing
Wash your hands often
Avoid touching your eyes, nose or mouth
Source: CDC
Is it safe to travel?
Avoid traveling unnecessarily. However, if you must travel, check how the country you're going to handles swine flu. Although, the WHO doesn't recommend travel restrictions, many countries have set up their own H1N1 policies, and some travelers have been screened or quarantined in other countries because of swine flu concerns.
Source: WebMD.com
Why should I spend money on health insurance
Why should I spend money on health insurance? Has this question ever crossed your mind? If yes, you are not alone. Most people tend to think that Health Insurance is something that they need to think about only when they grow old.
- However, the truth is that health insurance protects you in case you become seriously ill or meet with an accident. A sudden accident, loss of health or natural disaster can happen to anyone. Such situations can drastically alter a person’s life, causing loss of income and inability to pay bills. Sudden death can cause serious financial hardship to the spouse and children left behind. Over and above the emotional turmoil, it can throw their regular life out of gear due to lack of finances.
- A health insurance policy not only covers the cost of financial losses when disaster strikes, but also helps you tide over emergency medical bills due to hospitalization. If you think your health insurance premium is expensive, just wait till you receive a medical bill.
- Even if someone is down with jaundice or malaria and requires hospitalization for a couple of days, his hospital bill could range from anywhere between Rs 15,000 and 25,000 depending on the hospital. And in these days of rising health care costs, imagine a chronic diabetic who needs insulin injections everyday, some one who needs frequent dialysis/chemotherapy or someone who needs continuous medication to keep living. How long will the person be able to pay out of his own pocket without any support from an Insurance company? So think, can you really afford to go without health insurance? If the unimaginable does happen, you will certainly want to have an insurance policy covering a portion of the extremely expensive cost. What are the benefits of taking a Health Insurance policy? The immediate benefit of taking up a Health Insurance policy is the Tax benefit that you can enjoy under section 80 D of the Income Tax Act. Do not worry if you do not have adequate money to pay for sudden hospitalization or surgery. Your health insurance policy offers a cashless hospitalization facility. This facility is a great help since one doesn’t have to run around in the middle of the night to collect cash for paying up large deposits prior to admission.If a person gets hospitalized all his medical expenses 30 days prior to hospitalization and 60 days post hospitalization will be covered. This includes nursing expenses, diagnostic and medical expenses, surgery, anesthesia cost, doctor’s expense, specialist fees, scanning, x-ray, ambulance expense, oxygen, operation theatre expenses, cost of surgical appliances, room expenditure, day care expense and similar expenses. There are few treatments which due to technological advancement are done as an outpatient, that is, you need not have prolonged hospitalization. These treatments are also covered under health insurance. If you are a non-claimant don’t think that your money is wasted. In fact, a Health Insurance policy is most advantageous to you when you do not claim for the first few years and stay insured continuously. You will not only enjoy the Income tax benefits under Section 80D of the IT Act, but also your sum insured gets increased without paying any extra premium by way of cumulative bonus. Also, you will get covered for medical conditions diagnosed over the years. Since accidents, natural disasters and sudden loss of health can happen to anyone, it makes sense to stay insured in spite of not claiming in any given year or for a series of years. How do I get the best out of my health insurance policy? Health insurance premium tends to increase with age - more the age, higher the premium. So insure at a young age. Always carry your health card with you. This might save you in case you are alone in a situation and you require immediate medical attention.If your current employer provides you with health insurance cover, check whether your dependents are also included in the plan. If that is not the case, it makes sense to take a separate insurance plan for your dependents. Also, remember your current employer will provide you health insurance cover only till the time you are employed with them. If you are in-between jobs or if you retire there is a possibility that you and your loved ones might be stranded in case of a medical contingency. Hence, it makes sense to invest in a personal health insurance policy. It is not only important to be insured, but also important to ensure that you are adequately covered. Please choose the right kind of plan to get maximum coverage in case of any eventuality. Also, due to rising health care costs, it is better to get individual cover for all the members in your family.Royal Sundaram has a comprehensive Health Insurance plan that covers you, your spouse, your dependent children and parents. Just visit Star Health Insurance, Icici Lombard or CALL 9986184653 to know more.
Star Health & Allied Insurance Company Limited
Star Health and Allied Insurance Company Limited (Star Health) is a joint venture between Oman Insurance Company, ETA Ascon Group and a number of insurance veterans in the country. Star Health has chosen to be in the field of health insurance and was the first stand-alone health insurance company in India. It offers a wide range of health insurance services and related products at affordable prices, dealing in personal accident, Mediclaim, and overseas travel insurance.
Plan Name
Medi classic
Coverage:
Hospitalisation Cover : In-patient hospitalisation expenses for a minimum of 24 hours.Includes room rent and boarding @2% of sum insured, subject to a maximum of Rs.4000/- per day, Nursing expenses, Surgeon's fees, Consultant's fees, Anaesthetist's and Specialist's fees, Cost of medicines and drugs, Emergency ambulance charges for transporting the insured patient to the hospital up to a sum of Rs 750/- per hospitalisation and overall limit of Rs 1500/- per policy period.
Exclusions:
Expenses for the treatment of any illness/disease/condition,which is pre-existing, Treatment of illness/disease/sickness contracted by the insured person during the first 30 days from the commencement date of this policy, First Two Years Exclusions: Cataract,Hysterectomy for Menorrhagia or Fibromyoma,Replacement surgery for knee and/or joint(other than caused by an accident),Prolapse of intervertibral disc (other than caused by accident), Varicose Veins and Varicose Ulcers, FirstYearExclusions:Benign Prostate Hypertrophy,Hernia,Hydrocele,Fistula in anus,Piles,Sinusitis and related disorders,Congenital internal disease/defect,removal of gallstones and renal stone, Naturopathy treatment, Expenses which are purely diagnostic in nature with no positive existence of any disease, Treatment of Cogential external disease/defects/anomalies, Expenses which are mainly cosmetic in nature.
Coverage of Existing disease: All pre existing diseases are covered after 5 consecutive policy years.
Pre Hospitalization Expenses Coverage Period: Covered for medical expenses incurred 30 days prior to hospitalization.
Post Hospitalization Expenses Coverage Period: Covered for 7% of the hospitalization expenses, subject to a maximum of Rs.5000/-
Cumulative Bonus: On sum assured of 5% for every claim free year to a maximum of 25%
Cashless: Access to over 4000 hospitals thus managing your expenses and providing hassle-free transactions.
Domiciliary Treatment: Not covered.
Claim Filing Time: TPA need to be informed within 15 days of discharge from nursing home/ hospital.
Cancellation Of Policy: By sending a notice of 30 days by registered post at the insured last known address.
Tax Benefits for Insurance Plans LIC OF INDIA
Tax Benefits for Insurance Plans
1) Deduction from Income for payment of Premium (Sec. 80C).
(a) Life Insurance premia:The insurance premia paid for a policy is eligible for deduction. The premium paid should not be in excess of 20% of capital sum assured.
(b) Contribution to Deferred Annuity Plans : The premia paid for a Deferred Annuity , provided such contract does not contain a provision to exercise an option by the insured to received a cash payment in lieu of the payment of annuity is eligible for deduction.
(c) Contribution to Pension/Annuity Plans :Contribution to New Jeevan Dhara-I and New Jeevan Akshay-V Schemes of LIC are qualified for rebate under this section.
2) Income tax exemption on Maturity/Death Claims proceeds under Section 10(10D)
All the benefits payable under a Life Insurance policy are tax free. However in cases the premium paid in excess of 20% of the capital sum assured within a year, benefits paid excess of premiums will be taxable. The benefits from a key man Insurance policy and any sum received under Sec 80DD, Sub-section (3) are also taxable.
3) Jeevan Nidhi Plan & New Jeevan Suraksha - I Plan (U/s. 80CCC)
Amounts paid from the taxable income to premiums of the above annuity are deductible.
4) Deduction under section 80D
Medical Premium paid for a Health Insurance policy is deductible to the extent of Rs. 15000 for an assessee and/or his family members� policiy/s. A separate exemption to the extent of Rs. 15,000 for premiums paid for an assessee�s parents is also available. If any one or both of the parents are Senior citizens, then an enhanced exemption limit of Rs. 20,000 is available. Section 80D also covers payment of premium exclusively for Critical Illness Rider.
Avail Income Tax Benefit of Rs.15,000/- under section 80 (D) by investing in Health Protection Plus Plan
5) Jeevan Aadhar Plan (Sec.80DD)
Premium paid for LIC Jeevan Aadhar Plan (for the maintenance of an handicapped dependent) is eligible for deduction from the total income to the extent of Rs.50,000 and to the extent of Rs.75,000/- where handicapped dependent is suffering from specified severe disability.
6) Exemption in respect of commutation of pension under Jeevan Suraksha & Jeevan Nidhi Plans.(Section 10A):
A payment received by way of commutation of pension from Jeevan Suraksha & Jeevan Nidhi Annuity plans is exempt from tax
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You can contact us at 9986184653 or write to rsantoshrathod@gmail.com for free quotations by providing your Name, Date of birth, etc
1) Deduction from Income for payment of Premium (Sec. 80C).
(a) Life Insurance premia:The insurance premia paid for a policy is eligible for deduction. The premium paid should not be in excess of 20% of capital sum assured.
(b) Contribution to Deferred Annuity Plans : The premia paid for a Deferred Annuity , provided such contract does not contain a provision to exercise an option by the insured to received a cash payment in lieu of the payment of annuity is eligible for deduction.
(c) Contribution to Pension/Annuity Plans :Contribution to New Jeevan Dhara-I and New Jeevan Akshay-V Schemes of LIC are qualified for rebate under this section.
2) Income tax exemption on Maturity/Death Claims proceeds under Section 10(10D)
All the benefits payable under a Life Insurance policy are tax free. However in cases the premium paid in excess of 20% of the capital sum assured within a year, benefits paid excess of premiums will be taxable. The benefits from a key man Insurance policy and any sum received under Sec 80DD, Sub-section (3) are also taxable.
3) Jeevan Nidhi Plan & New Jeevan Suraksha - I Plan (U/s. 80CCC)
Amounts paid from the taxable income to premiums of the above annuity are deductible.
4) Deduction under section 80D
Medical Premium paid for a Health Insurance policy is deductible to the extent of Rs. 15000 for an assessee and/or his family members� policiy/s. A separate exemption to the extent of Rs. 15,000 for premiums paid for an assessee�s parents is also available. If any one or both of the parents are Senior citizens, then an enhanced exemption limit of Rs. 20,000 is available. Section 80D also covers payment of premium exclusively for Critical Illness Rider.
Avail Income Tax Benefit of Rs.15,000/- under section 80 (D) by investing in Health Protection Plus Plan
5) Jeevan Aadhar Plan (Sec.80DD)
Premium paid for LIC Jeevan Aadhar Plan (for the maintenance of an handicapped dependent) is eligible for deduction from the total income to the extent of Rs.50,000 and to the extent of Rs.75,000/- where handicapped dependent is suffering from specified severe disability.
6) Exemption in respect of commutation of pension under Jeevan Suraksha & Jeevan Nidhi Plans.(Section 10A):
A payment received by way of commutation of pension from Jeevan Suraksha & Jeevan Nidhi Annuity plans is exempt from tax
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Discount on Insurance Premiums, Monitor and Track your Life Insurance needs 9986184653 , rsantoshrathod@gmail.com
Have you missed payment for Insurance Premium? Forget those old days, Join us and we make sure you will never make a late payment any more. Be at home , office or in between, we are there to follow you. So, never again think of late fee.
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Our process is simple and unique. Register with us and enter ur Insurance policy details. We shall remind you when your premium is due, Send you a SMS to the number registered. We shall also provide you regular emails about new insurance plans, local Insurance agents providing discounted premiums.
Why pay more Insurance Premiums? Don't you like receving 10% to 20% off your insurance premiums. Every body likes discount, let be a Rs 1.00 or Rs 100.00. We have a database of the insurance agents who provide discounts. They shall guide you and review your needs for Life Insurance, let it be Term or Whole or Children Insurance.
We also have UNIT LINKED plans, which is a very good investment. It not only acts as investment, but also can have insurance linked to it along with Accident coverage.
Hurry up, and join our network. Our service charge is very minimum. We charge you Rs 100.00 per year. And you get,
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Financial Planning : Insurance 9986184653 Santosh Rathod LIC INDIA
Financial Planning : Insurance
We do not think (or do not want to think) of what will happen to our family, if we are gone - especially when we have not met all of life's responsibilities. Though the family goes through emotional trauma, financial burden adds to the pain. One has no remedy for the emotional pain, but smart financial planning can certainly ease the financial pain.
If one is under insured, it could lead to a slip in family's lifestyle in case of an unfortunate death of the breadwinner. The family may have to compromise on various fronts to make the ends meet. These could include cutting down household expenses like food, medical, entertainment expenses, marriage expenses of children or moving to lower grade school for your children and many more expenses.
While life insurance is critical to meet financial responsibilities, adequate insurance cover is the key for meeting your responsibilities. So having a cover is not enough - having adequate cover is critical. Also, investment planning is not enough because plan could work only if funding the plan is regular and enough wealth is built up to take care of all life stages responsibilities. What happens if the funding suddenly stops?
Life insurance has moved from protecting life to protecting lifestyle. Financial needs can be classified broadly into following two categories.
- Protection: if anything happens to the breadwinner, the family continues to be financially protected and maintain the same life style.
- Savings: one should be able to generate required corpus to meet milestones such as education / marriage expenses of children, buying a house etc. The first step in buying insurance cover (Life Protection cover) is to adequately assess your need and responsibilities. One should ask the following questions:
- What is my life stage? (Age, family etc.)
- What are my responsibilities? (Buying a house, children's education / marriage expenses, protecting my income etc.)
- How much corpus I require to meet the above financial responsibilities?
- What is my current corpus / net worth?
- What are my liabilities (like car loan / housing loan etc)
- How do I plan (including selection of insurance plan) so that even if I am not around, my family can still sail through milestones?
The above data can be compiled in the following Protection Cover Computation Table to assess whether you are adequately protected:
A. Expenses protection» Household expenses of family members
B. Goal protection» Education expenses of children» Marriage expenses of children
C. Liabilities protection» Outstanding Housing Loan» Outstanding Car Loan» Any other Loan (Personal Loan) Total funds needed to cover expenses: (A + B + C)
D. Less: Existing Cover (if any)
E. Less: Current Assets / Investments (excluding assets for self consumption like house, car etc)
Additional cover required to be purchased = (A + B + C) - (D + E)
Note:» If the result of the above computation is positive, one is under insured and needs additional protection. If the result is negative, one is sufficiently covered or over insured.
» Inflation needs to be considered while calculating expenses.
» Present value of future expenses to be discounted to compute protection required.
Santosh Rathod. R
Mobile : 91 99861 84653
E-mail : rsantoshrathod@gmail.com,
LIC’s Market Plus 1 Unit Linked Insurance Plan Table No 191LIC’s Market Plus – I (Plan 191): , launched on 17thJune 2008, is a Unit Linked Deferred Pension plan where the policy holder can choose the plan with or without risk cover.
BenefitsOn death of the policyholder within the deferment term where Life cover is opted for and is in force, the nominee is eligible to get the Sum Assured under the Basic Plan together with the Policyholder’s Fund value
On death of the policyholder where the policy is taken without life cover, then the Policyholder’s Fund value, is payable to the nominee.
On the policyholder surviving upto the date of vesting, the Policyholder’s Fund value will compulsorily be utilised to provide an annuity based on the then prevailing immediate annuity rates under the relevant annuity option.
Top-Up (Additional Premium)The policyholder can pay Top-up in multiples of Rs.1,000/- without any limit at anytime during the term of the policy.
Eligibility & Conditions:
For Basic Plan without Life Cover
a)Minimum Sum Assured : NIL.b)Maximum Sum Assured : NIL.c)Minimum Premium : Rs. 5,000 p.a. for Regular premium (other than monthly (ECS) mode)Rs. 1,000 p.m. for monthly (ECS) mode, increasing thereafter in multiples of Rs. 250. thereafter in multiples of Rs. 250.d)Maximum Premium : No Limit.e)Minimum Entry Age : 18 years last birthday.f)Maximum Entry Age : 74 years nearest birthday.g)Minimum Deferment Team : 5 years.h)Minimum Vesting Age : 40 years completed.i)Maximum Vesting Age : 79 years completed.
Related to : LIC’s Market Plus 1 Unit Linked Insurance Plan Table No 191, -
Call R. Santosh Rathod, 9986184653
Market Plus: Investment Bhi Pension Bhi 9986184653, Santosh Rathod
LIC OF INDIA
Best of Investment LIC Insurance plans, Jeevan Anand - Double Benefit for yourself and for Family Also, Jeevan shree, for your children future education, marriage and endowment, Money Back Policy, Ulip Policy for Profit Plus, Market Plus-1, High Return plan of policies offered. Call me immediate with me for all your insurance needs 9986184653, rsantoshrathod@gmail.com in Karnataka.
LIC of LIFE INSURANCE OF INDIA PLANS(Products) FOR INSURANCE & INVESTMENT
Insurance Plans Pension Plans Unit
Plans
Special Plans Group Scheme
Insurance Plans
As individuals it is inherent to differ. Each individual’s
Insurance needs and requirements are different from that of the others.
LIC’s Insurance Plans are policies that talk to you individually And give you the most suitable options that can fit your requirement.
Children Plans
Jeevan Anurag Komal Jeevan CDA Endowment Vesting At 21
Marriage Endowment Or Educational Annuity Plan
CDA Endowment Vesting At 18 Jeevan Kishore
Jeevan Chhaya Child Career Plan Child Future Plan
Child Fortune Plus
--------------------------
Plans for Handicappes Dependents
Jeevan Aadhar Jeevan Vishwas
-----------------------
Endowment Assurance Plans
The Endowment Assurance Policy
The Endowment Assurance Policy-Limited Payment
Jeevan Mitra(Double Cover Endowment Plan)
Jeevan Mitra(Triple Cover Endowment Plan)
Jeevan Anand
New Janaraksha Plan
Jeevan Amrit
--------------------------------------
Plans for high Worth Individuals
Jeevan Shree-I
Jeevan Pramukh
-----------------------------------
Money back Plans
The Money Back Policy-20 Years
The Money Back Policy-25 Years
Jeevan Surabhi-15 Years
Jeevan Surabhi-20 Years
Jeevan Surabhi-25 Years
Bima Bachat
Special Money Back Plan For Women
Jeevan Bharati - I
Whole Life Plans
The Whole Life Policy
The Whole Life Policy- Limited Payment
The Whole Life Policy- Single Premium
Jeevan Anand
Jeevan Tarang
Term Assurance Plans
Two Year Temporary Assurance Policy
The Convertible Term Assurance Policy
Anmol Jeevan-I Amulya Jeevan-I
Joint life plan Decreasing Term Assurance
to Cover Home Loan Repayment
Jeevan Saathi Mortgage Redemption
PENSION PLANS
Pension Plans are Individual Plans that gaze into your future
And foresee financial stability during your old age. These policies are most suited for senior citizens and those planning A secure future, so that you never give up on the best things in life.
Pension Plans
Jeevan Nidhi Jeevan Akshay-V
New Jeevan Dhara-I New Jeevan Suraksha-I
UNIT PLANS
Unit plans are investment plans for those who realize
the worth of hard-earned money. These plans help
CALL 9986184653
rsantoshrathod@gmail.com
LIC OF INDIA
Benefit yourself and help others just referring
Related to : lic of india, money, Contact : Rathod
Best of Investment LIC Insurance plans, Jeevan Anand - Double Benefit for yourself and for Family Also, Jeevan shree, for your children future education, marriage and endowment, Money Back Policy, Ulip Policy for Profit Plus, Market Plus-1, High Return plan of policies offered. Call me immediate with me for all your insurance needs 9986184653, rsantoshrathod@gmail.com in Karnataka.
LIC of LIFE INSURANCE OF INDIA PLANS(Products) FOR INSURANCE & INVESTMENT
Insurance Plans Pension Plans Unit
Plans
Special Plans Group Scheme
Insurance Plans
As individuals it is inherent to differ. Each individual’s
Insurance needs and requirements are different from that of the others.
LIC’s Insurance Plans are policies that talk to you individually And give you the most suitable options that can fit your requirement.
Children Plans
Jeevan Anurag Komal Jeevan CDA Endowment Vesting At 21
Marriage Endowment Or Educational Annuity Plan
CDA Endowment Vesting At 18 Jeevan Kishore
Jeevan Chhaya Child Career Plan Child Future Plan
Child Fortune Plus
--------------------------
Plans for Handicappes Dependents
Jeevan Aadhar Jeevan Vishwas
-----------------------
Endowment Assurance Plans
The Endowment Assurance Policy
The Endowment Assurance Policy-Limited Payment
Jeevan Mitra(Double Cover Endowment Plan)
Jeevan Mitra(Triple Cover Endowment Plan)
Jeevan Anand
New Janaraksha Plan
Jeevan Amrit
--------------------------------------
Plans for high Worth Individuals
Jeevan Shree-I
Jeevan Pramukh
-----------------------------------
Money back Plans
The Money Back Policy-20 Years
The Money Back Policy-25 Years
Jeevan Surabhi-15 Years
Jeevan Surabhi-20 Years
Jeevan Surabhi-25 Years
Bima Bachat
Special Money Back Plan For Women
Jeevan Bharati - I
Whole Life Plans
The Whole Life Policy
The Whole Life Policy- Limited Payment
The Whole Life Policy- Single Premium
Jeevan Anand
Jeevan Tarang
Term Assurance Plans
Two Year Temporary Assurance Policy
The Convertible Term Assurance Policy
Anmol Jeevan-I Amulya Jeevan-I
Joint life plan Decreasing Term Assurance
to Cover Home Loan Repayment
Jeevan Saathi Mortgage Redemption
PENSION PLANS
Pension Plans are Individual Plans that gaze into your future
And foresee financial stability during your old age. These policies are most suited for senior citizens and those planning A secure future, so that you never give up on the best things in life.
Pension Plans
Jeevan Nidhi Jeevan Akshay-V
New Jeevan Dhara-I New Jeevan Suraksha-I
UNIT PLANS
Unit plans are investment plans for those who realize
the worth of hard-earned money. These plans help
CALL 9986184653
rsantoshrathod@gmail.com
LIC OF INDIA
Benefit yourself and help others just referring
Related to : lic of india, money, Contact : Rathod
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