tag:blogger.com,1999:blog-58951424814062806122024-03-13T11:55:03.374+05:30Right InvestorShaping The Future With RIGHT Investments!! :)INARC_CREATIONhttp://www.blogger.com/profile/12626466371375742152noreply@blogger.comBlogger26125tag:blogger.com,1999:blog-5895142481406280612.post-23775492574136723272023-06-28T16:38:00.003+05:302023-06-28T16:38:17.596+05:30Investing in Small Cap or Micro Cap Stocks: Potential Opportunities and Considerations<div> Investing in Small Cap or Micro Cap Stocks: Potential Opportunities and Considerations</div><div><br /></div><div>Introduction:</div><div>Investing in stocks can be a rewarding way to grow wealth over time, and small cap and micro cap stocks present unique opportunities for investors. These stocks represent companies with smaller market capitalizations, often considered to be riskier but with the potential for higher returns. In this article, we will explore the potential benefits and considerations of investing in small cap or micro cap stocks.</div><div><br /></div><div>1. Growth Potential:</div><div>Small cap and micro cap stocks are often associated with significant growth potential. These companies are typically in their early stages or have yet to reach their full potential. Investing in such stocks allows investors to potentially benefit from the company's growth as it expands its operations, enters new markets, or develops innovative products or services. The growth potential of small cap and micro cap stocks can result in higher returns compared to larger, more established companies.</div><div><br /></div><div>2. Undervalued Opportunities:</div><div>Small cap and micro cap stocks may be overlooked or undervalued by mainstream investors, creating opportunities for astute investors. The lack of analyst coverage and institutional interest can lead to mispriced stocks, providing a chance to identify hidden gems that are trading below their intrinsic value. By conducting thorough research and analysis, investors may discover companies with strong fundamentals and growth prospects that the market has yet to fully recognize.</div><div><br /></div><div>3. Agility and Innovation:</div><div>Smaller companies often possess greater agility and flexibility compared to their larger counterparts. They can quickly adapt to market changes, implement innovative strategies, and capitalize on emerging trends. Investing in small cap and micro cap stocks allows investors to be part of dynamic and potentially disruptive industries, where innovation and nimbleness can drive rapid growth and generate significant returns.</div><div><br /></div><div>4. Higher Risk:</div><div>It's important to note that investing in small cap and micro cap stocks carries higher inherent risks compared to investing in larger, more established companies. These stocks are more susceptible to market volatility, economic downturns, and regulatory changes. Smaller companies may also face challenges such as limited financial resources, higher debt levels, and less established track records. Investors must carefully assess the risks and conduct thorough due diligence before investing in small cap or micro cap stocks.</div><div><br /></div><div>5. Diversification and Risk Management:</div><div>Investing in small cap and micro cap stocks should be approached with a well-diversified portfolio strategy. Due to their higher risk profile, it's advisable to allocate a smaller portion of your overall investment portfolio to these stocks. Diversification across different sectors and geographies can help mitigate risks and balance potential returns. Additionally, closely monitoring and regularly reviewing your small cap and micro cap holdings is essential to manage risk effectively.</div><div><br /></div><div>Conclusion:</div><div>Investing in small cap and micro cap stocks can offer unique opportunities for growth-oriented investors. The potential for significant returns, undervalued opportunities, agility, and innovation are all attractive aspects of investing in these stocks. However, it's important to acknowledge the higher risks associated with smaller companies and exercise due diligence in research and risk management. By carefully evaluating individual companies, diversifying investments, and staying informed about market conditions, investors can potentially benefit from the growth potential of small cap and micro cap stocks while managing risk effectively.</div><script type="text/javascript"><!--
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</script>Unknownhttp://www.blogger.com/profile/10182558073564065698noreply@blogger.com0tag:blogger.com,1999:blog-5895142481406280612.post-59863504800822178722023-06-27T13:27:00.004+05:302023-06-27T13:27:15.268+05:30 Introducing the 12% App: A Reliable Solution for Fixed Income Investments<div> Introducing the 12% App: A Reliable Solution for Fixed Income Investments</div><div><br /></div><div>Introduction:</div><div>Investors seeking stable returns and fixed income opportunities often face the challenge of finding reliable investment options. However, a new app called "12%" aims to provide a convenient and secure platform for individuals looking to earn a consistent 12% annual return on their investments. In this article, we will explore the features and benefits of the 12% App and how it can be a promising avenue for fixed income investors.</div><div><br /></div><div>1. High-Yield Fixed Income:</div><div>The 12% App offers a unique opportunity to earn a fixed 12% annual return on your investment. This competitive interest rate is significantly higher than traditional fixed income options such as savings accounts, government bonds, or certificates of deposit (CDs). The app provides a transparent and straightforward investment model that allows you to generate stable income over time.</div><div><br /></div><div>2. Diverse Investment Portfolio:</div><div>The 12% App offers a diversified investment portfolio to minimize risk and maximize returns. It strategically allocates funds across different asset classes, including real estate, small business loans, peer-to-peer lending, and other high-yield investment opportunities. This diversification helps mitigate the impact of any potential market fluctuations or economic downturns, providing investors with a more secure investment environment.</div><div><br /></div><div>3. User-Friendly Interface:</div><div>The 12% App features a user-friendly interface, making it accessible to investors of all levels of experience. The intuitive design allows you to easily navigate through investment options, monitor your portfolio performance, and track your earnings. The app provides comprehensive investment information, enabling you to make informed decisions about where to allocate your funds.</div><div><br /></div><div>4. Automated Investing:</div><div>Investing through the 12% App is hassle-free, thanks to its automated investment feature. Once you set your preferences and risk tolerance, the app's algorithm takes care of the rest. It automatically diversifies your investment across multiple opportunities, saves you time, and ensures optimal returns. The automation feature eliminates the need for constant monitoring and active management, making it a convenient solution for busy investors.</div><div><br /></div><div>5. Risk Management and Security:</div><div>The 12% App prioritizes risk management and security to protect investors' funds. Rigorous due diligence is conducted on each investment opportunity, including comprehensive risk assessments. Additionally, the app employs robust security measures, such as encryption and secure payment gateways, to safeguard your personal and financial information.</div><div><br /></div><div>6. Regular Income and Withdrawal Flexibility:</div><div>One of the key advantages of the 12% App is the ability to earn regular income. The 12% annual return is distributed on a monthly or quarterly basis, providing a consistent stream of earnings. Moreover, the app allows for flexible withdrawal options, giving you the freedom to access your funds when needed.</div><div><br /></div><div>Conclusion:</div><div>The 12% App presents a promising solution for individuals seeking fixed income investments with attractive returns. Through its high-yield fixed income model, diverse investment portfolio, user-friendly interface, automated investing, risk management, and regular income distribution, the app offers an accessible and secure platform for investors. While investing always carries some degree of risk, the 12% App strives to provide a reliable and transparent avenue for individuals looking to generate stable income from their investments.</div><script type="text/javascript"><!--
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</script>Unknownhttp://www.blogger.com/profile/10182558073564065698noreply@blogger.com0tag:blogger.com,1999:blog-5895142481406280612.post-23404363811474937002023-06-26T12:42:00.005+05:302023-06-26T12:42:30.754+05:30 The Pitfalls of Multilevel Marketing (MLM): Why It's Not a Good Bet<div> "The Pitfalls of Multilevel Marketing (MLM): Why It's Not a Good Bet"</div><div><br /></div><div>Introduction:</div><div>Multilevel marketing (MLM) companies have gained popularity in recent years as a way to earn income and potentially achieve financial freedom. However, it's essential to approach MLM opportunities with caution and critical thinking. In this article, we explore the reasons why MLM is often considered a risky and unreliable business model, highlighting its inherent flaws and the potential pitfalls that participants may encounter.</div><div><br /></div><div>1. Pyramid Structure:</div><div>One of the primary concerns with MLM is its pyramid-like structure, where participants earn income not only through sales but also by recruiting others into the network. This structure places heavy emphasis on recruitment, often leading to a saturated market and fierce competition among members. The vast majority of MLM participants struggle to build profitable businesses due to the inherent limitations of this structure.</div><div><br /></div><div>2. Emphasis on Recruitment over Product Quality:</div><div>MLM companies often prioritize recruitment over the quality and value of their products or services. The focus becomes more on bringing in new members rather than offering a genuinely desirable product to consumers. This approach raises ethical questions and can lead to products being overpriced or of questionable value, making it challenging to generate consistent sales and build a sustainable customer base.</div><div><br /></div><div>3. High Attrition Rates:</div><div>MLM companies typically experience high attrition rates, with a significant percentage of participants leaving the business within a short period. Many individuals join MLMs with unrealistic expectations of quick and easy financial success but become disillusioned when they encounter difficulties in recruiting and generating sales. The lack of proper training, support, and realistic income projections contributes to this high attrition rate.</div><div><br /></div><div>4. Income Disparity:</div><div>While MLMs often highlight success stories of individuals who have achieved significant financial gains, the reality is that only a small fraction of participants actually earn substantial income. The compensation structure of MLMs typically rewards those at the top of the pyramid, leaving the majority of participants with minimal earnings. This income disparity creates a highly competitive and challenging environment, making it difficult for newcomers to succeed.</div><div><br /></div><div>5. Potential for Exploitation:</div><div>MLM systems can be exploitative, particularly when participants are encouraged to invest significant amounts of money upfront for product inventory, training materials, and event fees. This financial burden falls on individuals who may already be financially vulnerable, leading to significant financial losses if they are unable to recoup their investments. The pressure to constantly recruit and sell can also strain personal relationships and create a sense of isolation.</div><div><br /></div><div>6. Legal and Regulatory Concerns:</div><div>MLM companies have faced numerous legal and regulatory challenges globally due to concerns about their business practices. Some MLMs have been accused of operating as pyramid schemes, which are illegal in many jurisdictions. The complex compensation plans and questionable marketing tactics employed by certain MLMs can attract scrutiny from consumer protection agencies and result in legal consequences.</div><div><br /></div><div>Conclusion:</div><div>While MLMs may promise financial freedom and entrepreneurial opportunities, they come with inherent risks and limitations. The pyramid-like structure, focus on recruitment, lack of emphasis on product quality, high attrition rates, income disparities, potential for exploitation, and legal concerns all contribute to the argument that MLM is not a good bet. It is crucial to thoroughly research and evaluate any MLM opportunity, considering factors such as product value, compensation structure, company reputation, and the potential for long-term success. Exploring alternative business models that prioritize transparency, fair compensation, and sustainable growth may be a more reliable path to financial success and personal fulfillment.</div><script type="text/javascript"><!--
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</script>Unknownhttp://www.blogger.com/profile/10182558073564065698noreply@blogger.com0tag:blogger.com,1999:blog-5895142481406280612.post-71130161666174585032023-06-25T22:00:00.002+05:302023-06-25T22:00:10.261+05:30Investing Wisely: Strategies for Building a Strong Financial Future<div>"Investing Wisely: Strategies for Building a Strong Financial Future"</div><div><br /></div><div>Introduction:</div><div>Investing wisely is a key component of building long-term financial security and achieving your financial goals. Making informed investment decisions requires careful planning, understanding risk and return, and adopting a disciplined approach. In this article, we explore essential strategies for investing wisely to help you maximize returns, mitigate risks, and set yourself on a path to financial success.</div><div><br /></div><div>1. Set Clear Financial Goals:</div><div>Before investing, it is crucial to define your financial goals. Whether you're saving for retirement, buying a home, funding your child's education, or achieving financial independence, having clear goals provides direction and purpose to your investment strategy. Determine your time horizon, risk tolerance, and desired returns for each goal to guide your investment decisions.</div><div><br /></div><div>2. Educate Yourself:</div><div>Investing wisely requires knowledge and understanding of the financial markets. Take the time to educate yourself about different investment vehicles, such as stocks, bonds, mutual funds, real estate, and other investment options. Understand basic financial concepts, market trends, and factors that influence investment performance. Stay informed through books, articles, reputable financial websites, and consider seeking advice from financial professionals if needed.</div><div><br /></div><div>3. Diversify Your Portfolio:</div><div>Diversification is a fundamental principle of wise investing. Spreading your investments across different asset classes, sectors, and geographic regions helps mitigate risk and potentially enhance returns. A diversified portfolio reduces exposure to the volatility of any single investment and increases the chances of capturing positive returns from different areas of the market.</div><div><br /></div><div>4. Understand Risk and Return:</div><div>Investing involves a trade-off between risk and return. Higher potential returns usually come with higher risks. It is important to understand your risk tolerance and align your investments accordingly. Conservative investors may opt for lower-risk investments like bonds or fixed deposits, while more aggressive investors may be comfortable with higher-risk options like stocks or real estate. Striking a balance between risk and return is essential to build a well-suited investment portfolio.</div><div><br /></div><div>5. Invest for the Long Term:</div><div>Investing is a long-term endeavor. While short-term market fluctuations are inevitable, historically, the stock market and other investment classes have shown long-term growth. Stay focused on your financial goals and avoid making impulsive decisions based on short-term market trends. Regularly review and rebalance your portfolio to align with your goals and risk tolerance, but resist the temptation to make drastic changes based on short-term market fluctuations.</div><div><br /></div><div>6. Practice Dollar-Cost Averaging:</div><div>Dollar-cost averaging is an investment strategy that involves investing a fixed amount of money at regular intervals, regardless of market conditions. This approach allows you to buy more shares when prices are low and fewer shares when prices are high, potentially reducing the impact of market volatility. Over time, this disciplined approach can help smooth out the effects of market fluctuations and build wealth.</div><div><br /></div><div>7. Monitor and Reassess Your Investments:</div><div>Regularly monitor your investments and stay updated on market trends. Review your portfolio's performance and make adjustments as necessary to align with your goals and changing market conditions. Stay informed about economic factors, geopolitical events, and other factors that can impact your investments. Consider seeking professional advice when needed to ensure your investments are on track.</div><div><br /></div><div>Conclusion:</div><div>Investing wisely is a journey that requires careful planning, knowledge, and discipline. By setting clear financial goals, educating yourself, diversifying your portfolio, understanding risk and return, investing for the long term, practicing dollar-cost averaging, and monitoring your investments, you can build a strong financial future. Remember, investing involves risks, and it's important to make informed decisions based on your unique financial situation and goals. Seek professional guidance if needed and stay committed to your long-term investment strategy to reap the rewards of your wise investment choices.</div><script type="text/javascript"><!--
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</script>Unknownhttp://www.blogger.com/profile/10182558073564065698noreply@blogger.com0tag:blogger.com,1999:blog-5895142481406280612.post-26737080856376117242011-05-31T13:53:00.000+05:302011-05-31T13:53:07.564+05:30Secure your child’s future<div name="textContainer"><span><h2><span style="text-align: justify;">Secure your child’s future </span></h2><h3><span style="text-align: justify;">Children’s insurance plans provide a security blanket for your child’s future. Lead a worry-free life with it… </span></h3><h4><span style="text-align: justify;">Ruchi Saxena </span></h4><br />
<span style="text-align: justify;"><br />
Consider this: One morning you drop your child off to school on your way to work, and, you meet with a premature death. What will happen? Aside from the emotional trauma, your child’s future is now in someone else’s hand. How will he complete his education and reach all the milestones that both of you had dreamt of without financial support? <br />
<b>Worried? </b>Well, you can heave a sigh of relief as you have the option to purchase child insurance, which enables you to secure your child’s future even if something untoward were to happen to you. <br />
<b>Why? </b>Children’s life insurance plans are tailor-made to meet a parent’s financial responsibilities towards his or her children. These policies are ideal for meeting future education and marriage expenses as they deliver lump sums of money at pre-specified intervals. These intervals could be chosen to coincide with your child’s requirements. <br />
<b>Common plan options </b>There are two popular options that </span><span style="text-align: justify;">are usually available under children’s insurance plans. Plain vanilla plans provide the sum assured on maturity or in case of your unfortunate demise during the term of the plan. The second option is unit linked insurance plans in which a part of the premium paid is invested on your behalf by the insurance company in a fund of your choice from their bouquet of fund offerings. Each fund offers different levels of exposure to instruments such as bank deposits, government securities, equities, etc. Based on the policy features on maturity, your child will receive the accumulated value of your fund or the sum assured or both. <br />
<b>Making the right choice </b>With the plethora of children’s plans available, it has become a daunting task to choose one that is most suitable. Some aspects that you may consider while making the selection include: <br />
Insure the earning member of the <br />
family with the maturity/claim <br />
benefits used for the benefit of the <br />
child. <br />
Policy should continue even after <br />
the demise of the insured. <br />
There should be a premium waver <br />
for all the future payments after </span><span style="text-align: justify;">the death of the insured. The benefits receivable should take into account inflation. The plan should clearly earmark the fund for the use of the child at a target date for a particular purpose. Riders that can enhance the coverage at a marginal cost. <br />
<b>End Note </b>Although no insurance plan can compensate for the loss of your life, children’s plans can enable your child to fulfil his/her dreams. </span><span style="text-align: justify;"><br />
<b>SUMMING UP </b>Children’s insurance plans empower you to provide financial security to your child. Based on your requirements you can choose a plain vanilla plan or a unit linked plan. Consider various aspects before making the plan choice. </span></span></div><span class="pda"><span style="font-size: large;">This article sourced from times of India </span></span><span style="font-size: large;"><span id="main" style="visibility: visible;"><span id="search" style="visibility: visible;"><span class="f"><cite><b>:-http://timesofindia.indiatimes.com/</b></cite></span></span></span></span><div class="HTMLImage"><img border="1" id="Pc0130700" src="http://epaper.timesofindia.com/Repository/getimage.dll?path=CAP/2010/09/29/13/Img/Pc0130700.jpg" /></div>Unknownhttp://www.blogger.com/profile/10182558073564065698noreply@blogger.com0tag:blogger.com,1999:blog-5895142481406280612.post-53440579758442307622011-02-14T22:22:00.001+05:302011-02-14T22:26:47.397+05:30Six provident fund secrets you did not know<div dir="ltr" style="text-align: left;" trbidi="on"><div style="float: left;"><div id="sshow"><div class="cnt" style="display: inline; float: left; margin-right: 10px; margin-top: 3px; width: 310px;"><div id="bellyad"><div class="mainimg1"><a href="http://www.blogger.com/post-edit.g?blogID=5895142481406280612&postID=5344057975844230762"><img alt="Provident fund" border="0" src="http://economictimes.indiatimes.com/thumb.cms?msid=7436987&width=300&resizemode=4" title="Provident fund" vspace="0" width="300" /></a></div></div></div></div></div><div class="Normal" style="text-align: justify;"><span style="font-weight: bold;">1) Your PF entitles you to pension too</span> <br />
<br />
Despite the popularity of the EPF as a saving tool, not many people are enthused by or even aware of the Employees’ Pension Scheme. Introduced in 1995, it is funded by diverting 8.3%, or a little more than a third of your PF contribution. The pension on retirement is linked to the number of years in service and the average salary drawn in the year before retirement. <br />
<br />
However, the scheme has failed to draw the EPFO’s 5 crore members because of the measly payouts associated with it. The reason is that since most employers pay PF only on the mandatory salary cap of Rs 6,500 per month, the pension income for a majority of workers is abysmally low, at times, less than Rs 1,000 a month. <br />
<br />
It is, however, possible to get a higher pension income. “Good employers like Infosys pay Provident Fund contributions on the entire basic salaries,” says SC Chatterjee, the Central PF Commissioner. “If your basic pay is Rs 30,000 a month, employers can invest 24% of this amount into your PF account. “You will be entitled to a pension on the basis of your actual basic pay rather than Rs 6,500,” he adds. <br />
<br />
For salaries up to Rs 6,500, the government also chips in with a subsidy of Rs 75. This added up to Rs 994 crore for all EPF members in 2009-10. Another way smart employers help boost the pension is by raising the worker’s salary in the last year of employment. <br />
<br />
“Suppose I earn Rs 25,000 and contribute 8.33% towards EPS. However, on my 57th birthday, my employer can raise my salary to Rs 1 lakh. Since my salary for the last one year will be Rs 1 lakh, I can get a pension of around Rs 50,000. So you can get twice your original salary as pension,” says Chatterjee. <br />
<br />
However, for this to happen, the employer should have contributed his share to the Provident Fund on the actual basic salary, not the mandated limit of Rs 6,500 for the entire service period. Though this is not fair to other workers who are part of the pension pool, the pension scheme’s design makes this manipulation possible. <br />
<br />
If you don’t want a pension from EPF, you can get the EPS money as a lump sum along with your PF balance. The benefit will not be linked to the actual contributions made, but to your last year’s average salary and the number of years in service. <br />
<br />
<span style="font-weight: bold;">What if: You retire early, die in harness, change jobs...</span> <br />
<br />
<span style="font-style: italic; font-weight: bold;">If you retire before the age of 58</span> <br />
<br />
Even if you stop working before reaching the age of superannuation, you can avail of pension benefits. However, you shouldn’t be less than 50 years of age. Also, the pension amount will be reduced by 2% for every year. So, if after working for 25 years, you take retirement at 50, your pension amount should be Rs 2,321 per month. But as you left service eight years before the age of superannuation, your pension will be reduced by 16%—it will be Rs 1,950. </div><div class="Normal" style="text-align: justify;"></div><div class="Normal" style="text-align: justify;"></div><div class="Normal" style="text-align: justify;"><div class="Normal" style="text-align: justify;"><span style="font-style: italic; font-weight: bold;">If you have worked for less than 10 years</span> <br />
<br />
If you have completed less than 10 years of service, you can avail of the pension as a lump sum by opting for the withdrawal benefit. This amount will be provided to you on the basis of your annual contribution to the pension fund multiplied by the number of years that you have completed in service. You will also be entitled to a small interest on this amount, again depending on the number of years that you have been in service. <br />
<br />
<span style="font-style: italic; font-weight: bold;">If you die before retiring</span> <br />
<br />
If you die while you are employed with an organisation, your pension benefit is not lost. Your legal heirs will be entitled to a pension, which is a maximum of Rs 1,000 per month (Rs 750 for spouse and Rs 250 for two children till they turn 25). However, you should have put in a minimum of one month’s service to avail of this benefit. Also, the widow will not be entitled to a pension if she marries again, while dependent parents will be if the employee has no eligible family or has made no nomination. <br />
<br />
<span style="font-style: italic; font-weight: bold;">If you change jobs</span> <br />
<br />
When you change jobs, and shift you PF account, your pension doesn’t automatically get transferred. You need to apply for a scheme certificate through Form 10C and route it through the new employer. The certificate has details of the previous employer and years of pension contribution. “The PF account is linked to an individual, but the EPS scheme is pool-based and can’t be started all over again. So when you change jobs, your earlier service is not considered and it reduces the pension amount,” says Chatterjee. <br />
<br />
<span style="font-weight: bold;">2) Insurance benefits</span> <br />
<br />
Besides a monthly stream of income, the EPF subscription entitles you to an insurance cover on your life through the Employees’ Deposit Linked Insurance (EDLI) scheme. For this, your organisation contributes 0.5% of your monthly basic pay, capped at Rs 6,500, as premium. Till recently the insurance amount was entirely linked to the balance in your PF. According to the new rules, your cover amount is higher of the two: 20 times the average wages of the past 12 months (up to Rs 6,500 per month), that is Rs 1,30,000, or the full amount in your PF account up to Rs 50,000 and 40% of the balance amount. <br />
<br />
<span style="font-weight: bold;">3) Claim interest on withdrawn amount</span> <br />
<br />
The EPF rate has to be declared at the beginning of every financial year so that all members withdrawing or retiring from the system through the year get the interest that is due to them. But in recent years, the EPF rate has become a matter of prolonged political debate and is often declared and notified much after the end of the financial year. <br />
<br />
</div><div align="left" style="position: relative;"><table align="left" border="0" cellpadding="2" cellspacing="0"><colgroup> <col width="100.0%"></col> </colgroup> <tbody>
<tr valign="top"> <td colspan="1" rowspan="1" style="background-color: white;" width="100.0%"><div class="Normal" style="text-align: justify;"><img alt="PF rate" border=" 0" src="http://economictimes.indiatimes.com/photo.cms?msid=7436994" /> </div></td> </tr>
</tbody></table></div><div class="Normal" style="text-align: justify;">Till the rate is notified for a particular year, workers’ withdrawals are credited at the previous year’s rate. For instance, in 2010-11, the Labour Ministry announced a rate of 9.5%, but it is yet to be notified. So, lakhs of workers, whose PF claims have been settled so far, have lost out on the 1% increase over last year’s rate of 8.5%. <br />
<br />
The Central PF Commissioner admits this is a problem, but has promised that his department will pay the difference to all the affected members. “If you have withdrawn your PF balance during this year while the government hasn’t notified the PF rate, you can approach your PF office later to pay you the higher interest rate on the balance,” says Chatterjee. </div><div class="Normal" style="text-align: justify;"></div><div class="Normal" style="text-align: justify;"></div><div class="Normal" style="text-align: justify;"></div><div class="Normal" style="text-align: justify;"></div><div class="Normal" style="text-align: justify;"><span id="advenueINTEXT" name="advenueINTEXT"><div class="storydiv" id="storydiv"><div class="Normal" style="text-align: justify;">If, on the other hand, your claim is not settled within 30 days of applying, you can move the court. If it is established that the delay was due to ‘inadequate reasons’, you will be entitled to an interest on the balance at the rate of 1% for every month of delay. <br />
<br />
<span style="font-weight: bold;">4) Use EPF to fund the following</span> <br />
<br />
Have you finally zeroed in on your dream house but are running short of funds? Or perhaps your child’s education cost is more than you had planned for? At such times, it’s easy to fall back on your EPF savings. While you cannot withdraw the entire corpus to fund such needs, you can do so partially for specific occasions, such as children’s education, marriages, or for buying a house or a plot of land. Go through the following list to find out when you can avail of this facility, the amount you can withdraw and the conditions you need to fulfill. <br />
<br />
<span style="font-style: italic; font-weight: bold;">Marriage or education of self, children or siblings</span> <br />
<br />
<span style="font-weight: bold;">--></span> You should have completed a minimum of seven years of service. <br />
<br />
<span style="font-weight: bold;">--></span> The maximum amount you can draw is 50% of your contribution (12% of the basic salary). <br />
<br />
<span style="font-weight: bold;">--></span> You can avail of it three times in your working life. <br />
<br />
<span style="font-weight: bold;">--></span> You will have to submit the wedding invite or a certified copy of the fee payable to the educational institution. <br />
<br />
<span style="font-style: italic; font-weight: bold;">Medical treatment for Self or family (spouse, children, dependent parents)</span> <br />
<br />
<span style="font-weight: bold;">--></span> You can avail of it for major surgical operations in a hospital or by those suffering from TB, leprosy, paralysis, cancer, mental derangement or heart ailments. <br />
<br />
<span style="font-weight: bold;">--></span> The maximum amount you can draw is six times your salary or the entire contribution made by you till date, whichever is less. <br />
<br />
<span style="font-weight: bold;">--></span> You must show proof of hospitalisation for one month or more with leave certificate for that period from your employer. You must also prove that you are not a member of the Employees’ State Insurance Corporation or are unable to use its facilities for surgery/treatment. <br />
<br />
<span style="font-style: italic; font-weight: bold;">Repay a housing loan for a house in the name of self, spouse or owned jointly</span> <br />
<br />
<span style="font-weight: bold;">--></span> You should have completed at least 10 years of service. <br />
<br />
<span style="font-weight: bold;">--></span> You are eligible to withdraw an amount that is up to 36 times your wages. <br />
<br />
<span style="font-style: italic; font-weight: bold;">Alterations/repairs to an existing home for house in the name of self, spouse or jointly</span> <br />
<br />
<span style="font-weight: bold;">--></span> You need a minimum service of five years (10 years for repairs) after the house was built/bought. <br />
<br />
<span style="font-weight: bold;">--></span> You can draw up to 12 times the wages, only once. <br />
<br />
<span style="font-style: italic; font-weight: bold;">Damage due to natural calamity</span> <br />
<br />
<span style="font-weight: bold;">--></span> You can withdraw up to Rs 5,000 or 50% of your contribution to the provident fund. <br />
<br />
<span style="font-weight: bold;">--></span> You have to apply within four months of the calamity. <br />
<br />
<span style="font-weight: bold;">--></span> As proof, you need a certificate of damage from the requisite authority and a calamity declaration by the state government. <br />
<br />
<span style="font-style: italic; font-weight: bold;">Construction or purchase of house or flat/site or plot for self or spouse or joint ownership</span> <br />
<br />
<span style="font-weight: bold;">--></span> You should have completed at least five years of service. <br />
<br />
<span style="font-weight: bold;">--></span> The maximum amount you can avail of is 36 times your wages. To buy a site or plot, the amount is 24 times your salary. <br />
<br />
<span style="font-weight: bold;">--></span> Can be avail of it just once during the entire service. </div><div class="Normal" style="text-align: justify;"><br />
</div><div class="Normal" style="text-align: justify;"><span id="advenueINTEXT" name="advenueINTEXT"><span style="font-style: italic; font-weight: bold;">Equipment purchased by physically handicapped employees</span> <br />
<br />
<span style="font-weight: bold;">--></span> You can draw up to six months’ basic salary and dearness allowance, or your share of PF contribution with interest, or the cost of equipment. <br />
<br />
<span style="font-weight: bold;">--></span> You will have to submit a medical certificate. <br />
<br />
<span style="font-weight: bold;">5) Premature withdrawal</span> <br />
<br />
Under the EPF Act, you cannot withdraw the full amount in your provident fund account before the age of superannuation. However, if you suffer permanent and complete disability or are moving abroad to settle, you can withdraw this amount. It is also possible to do so in case of mass retrenchment by the employer. If, however, you retire voluntarily before you are 55 years old, you cannot withdraw the full amount. Under normal circumstances, you can withdraw up to 90% of the fund amount after you turn 54 or within one year of actual retirement or superannuation, whichever is earlier. <br />
<br />
<span style="font-weight: bold;">6) Have your grievances addressed</span> <br />
<br />
The EPF Organisation has a grievance redressal mechanism in place and it is covered under the Consumer Protection Act. The process of registering your grievance is simple. All you have to do is log on to http://epfigms.gov.in/. Since late last year, the EPFO has become a part of the Centralised Public Grievances Redressal and Monitoring System, which allows you to register the grievances and track their status online. It’s a centralised system, so all your complaints are also monitored by the head office. “We reply to all the grievance within 30 days of their receipt. If someone is not satisfied with the response, he/she can come and meet me,” says Chatterjee. </span></div><div class="Normal" style="text-align: justify;"><span id="advenueINTEXT" name="advenueINTEXT"><br />
</span> </div><div class="Normal" style="text-align: justify;"><span style="text-align: justify;"></span><span class="pda"><span style="font-size: medium;">This article sourced from times of India </span></span><span style="font-size: medium;"><span id="main" style="visibility: visible;"><span id="search" style="visibility: visible;"><span class="f"><cite><b>:-http://timesofindia.indiatimes.com/</b></cite></span></span></span></span></div><div class="Normal" style="text-align: justify;"><br />
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</script></div>Unknownhttp://www.blogger.com/profile/10182558073564065698noreply@blogger.com0tag:blogger.com,1999:blog-5895142481406280612.post-72794748333714462682010-10-04T21:32:00.002+05:302011-02-14T22:27:20.878+05:30Insurance and the Direct Tax Code<div dir="ltr" style="text-align: left;" trbidi="on"><h2><span style="text-align: justify;">Insurance and the Direct Tax Code </span></h2><h3><span style="text-align: justify;">The DTC, which will become effective from April 1, 2012, has a number of implications for the insurance sector – both life and non-life. Here’s a look at the proposals that will affect policy holders and companies… </span></h3><h4><span style="text-align: justify;">Chirag Vajani (CA) & Tulsi Vajani (CA) </span><br />
</h4><br />
<span style="text-align: justify;"><b>IMPLICATIONS FOR <br />
POLICYHOLDERS <br />
</b><b>Deductions under Section 80C </b>- Presently, deductions under Section 80C are available, up to ‘1 lakh, for various investment instruments including premium paid for life insurance, provident fund, etc. Under the DTC, only sums paid to towards a contract for an annuity plan of any insurer (subject to it being an approved plan) is eligible for a deduction of up to an aggregate limit of ‘1 lakh (along with other approved funds). <br />
<b>Deduction of LIC premiums: </b>It is also proposed that premiums paid to LIC should be included in the additional deduction of ‘ 50,000, which is currently available to other payments such as health insurance and education of children. An important condition, however, is that only those insurance policies where the premium does not exceed 5 per cent of the capital sum assured in any year during the term of the policy would be eligible for this deduction. <br />
<b>Tax free investments: </b>As the EEE (Exempt-Exempt-Exempt) system of taxation (i.e. contributions are tax free, accretions are tax free and withdrawals are also tax free) will continue, long-term savings instruments such as contributions to provident funds, approved superannuation funds, life insurance, gratuity funds, etc. will continue to be tax free. <br />
<b>Tax on maturity proceeds - </b>DTC provides that proceeds on maturity of life insurance policies (in cases other than the death of the policyholder) will be taxable in the policyholder’s hands. The exception, however, is in the case of polices where the premium paid does not exceed 5 per cent of the sum assured or the insurer has paid distribution tax. In such cases, the life insurance company would have to withhold tax at specified rates from these proceeds being paid to policy holders. In the case the policy holder is an individual or has HUF status the tax withheld will be at the rate of 10 per cent, in the case of any other deductee, </span><span style="text-align: justify;">the withholding would be at the rate of 20 per cent, where payment exceeds ‘10,000. <br />
<b>IMPLICATIONS FOR COMPANIES </b><b>Life Insurance Companies <br />
</b><b>Higher corporate tax - </b>Presently, life insurance companies are subject to a concessional tax rate of 12.5 per cent (plus surcharge and education cess) on the surplus disclosed by the actuarial valuation, as per the Insurance Act, 1938, less the opening surplus disclosed by that valuation. Now, DTC proposes to do away with this taxation scheme and proposes to tax the profits in the shareholders’ account at the normal corporate tax rate of 30 per cent, leaving policyholders’ funds to be taxed in the hands of shareholders. <br />
<b>Distribution tax - </b>In addition to corporate tax, insurers will have to pay a 5 per cent distribution tax on the income distributed or paid to policyholders, in case of ‘approved equityoriented life insurance schemes’. These are life insurance schemes where more than 65 per cent of the total premiums received are invested in equity shares of domestic companies. <br />
<b>General Insurance Company <br />
</b><b>No significant change - </b>The taxation scheme remains more or less the same as existing presently. The profits, as per the profit and loss account submitted to the insurance regulator IRDA, continue to be the basis of computing the taxable income. <br />
<b>Other provisions which impact the insurance sector <br />
</b>Any insurance premium, including re-insurance premiums accrued from or payable by any resident or non-resident, in respect of insurance covering any risk in India, is deemed to accrue or arise in India and is subject to tax in India. Such pay</span><span style="text-align: justify;">ments are subject to withholding tax at the rate of 20 per cent on a gross basis, without any deduction for expenses. <br />
Apart from the above change, the definition of ‘Permanent establishment’ has been expanded to include the person acting in India on behalf of a non-resident engaged in the business of insurance, through whom the non-resident collects premiums in India/ insures risk situated in India. However, if a tax treaty provides a definition narrower than what has been prescribed under the DTC, then that definition would apply. <br />
Under the DTC, an important departure from the present position is that a provision for loss in the diminution of the value of investments held should be allowed and unrealised gains on revaluation, if any, on revaluation could become taxable, if routed through the Profit and Loss Account statement. <br />
MAT would be charged on both the companies at the rate of 20 per cent. </span><br />
<span class="pda"><span style="font-size: large;">This article sourced from times of India </span></span><span style="font-size: large;"><span id="main" style="visibility: visible;"><span id="search" style="visibility: visible;"><span class="f"><cite><b>:-http://timesofindia.indiatimes.com/</b></cite></span></span></span></span><br />
<div class="HTMLImage"><img border="1" id="Pc0130800" src="http://epaper.timesofindia.com/Repository/getimage.dll?path=CAP/2010/09/29/13/Img/Pc0130800.jpg" /></div></div>Unknownhttp://www.blogger.com/profile/10182558073564065698noreply@blogger.com0tag:blogger.com,1999:blog-5895142481406280612.post-37915850159499172592010-10-04T21:29:00.000+05:302010-10-04T21:29:51.803+05:30Your brief guide to pension plans<div name="textContainer"><br />
<h2><span style="text-align: justify;">Your brief guide to pension plans </span></h2><h3><span style="text-align: justify;">Pension plans ensure that you are financially secure during your golden years. Take a look at the important aspects that you must keep in mind while opting for one... </span></h3><h4><span style="text-align: justify;">Manoj Kumar Joshi </span></h4><br />
<span style="text-align: justify;"><br />
Gone are the days when a leading criterion for choosing an employer was the type of pension plan that came with your salary package. Today, more important issues like matching of skill sets to job requirements, scope for personal and financial growth, etc. have come to the forefront. However, this has left individuals with the responsibility of financially planning for their golden years. And it’s all for the best as there are a variety of pension plans available in the market to suit different individuals and their specific needs. <br />
<b>WHAT ARE PENSION PLANS? <br />
</b>In a pension plan, you are required to pay premiums for a certain number of years and once you reach the retirement age, the insurer returns a lump sum amount that can be then used to purchase an annuity or stream of income for the rest of your life. As in the case of other insurance products, pension plans allow you to choose between unit linked and non-unit linked plans. </span><span style="text-align: justify;"><br />
<b>CHOOSING A PENSION PLAN <br />
</b>Here are some thumb rules you could consider while choosing a pension plan that is most suitable for you: <br />
<b>Decide on your retirement age: </b>The premium paying tenure and the premium amount will depend upon the number of years to retirement, in addition to how much you would like to receive on retirement. The earlier you begin to subscribe to a pension plan, the lower your premium payable will be, other things being the same. Alternatively, with a longer tenure, the accumulated amount at the time of maturity would be high, resulting in a higher annuity. </span><span style="text-align: justify;"><br />
<b>Don’t only consider tax benefits: </b>Don’t subscribe to a pension plan solely for its tax benefits. Rather it should form an integral part of the overall retirement planning, taking into account the financial needs of your family members as well. <br />
<b>Think ahead: </b>Decide on the amount of premium that you will pay after taking into account your present as well as future financial commitments. </span><span style="text-align: justify;"><br />
<b>Check out the lock-in period: </b>Generally pension plans have a lock-in period but those plans which offer flexibility of withdrawing a part of the accumulated amount before maturity are helpful in times of financial emergency. <br />
<b>Be aware of your risk-return preferences: </b>Insurance companies invest premium amounts in varying proportions in different financial instruments across equity and debt. The returns from such investments are subject to market risks. <br />
<b>Add-ons: </b>There are pension plans which also offer life cover, accident cover, health cover, guarantee of capital, etc. Other plans share profit and also give bonus. However, additional features embedded in a pension plan come at an additional premium. </span><span style="text-align: justify;"><br />
<b>SUMMING UP </b>Today many individuals are left with the responsibility of financially planning for their golden years. Pension plans are available to facilitate retirement planning. Choosing a pension plan carefully can ensure that it suits your needs. </span></div><div name="textContainer"><span style="text-align: justify;"> </span><span class="pda"><span style="font-size: large;">This article sourced from times of India </span></span><span style="font-size: large;"><span id="main" style="visibility: visible;"><span id="search" style="visibility: visible;"><span class="f"><cite><b>:-http://timesofindia.indiatimes.com/</b></cite></span></span></span></span></div><br />
<div class="HTMLImage"><img border="1" id="Pc0110500" src="http://epaper.timesofindia.com/Repository/getimage.dll?path=CAP/2010/09/29/11/Img/Pc0110500.jpg" /></div>Unknownhttp://www.blogger.com/profile/10182558073564065698noreply@blogger.com0tag:blogger.com,1999:blog-5895142481406280612.post-2867736595175114372010-09-29T20:43:00.002+05:302010-11-17T17:10:11.938+05:30ULIPs – Revamped for the better<div name="textContainer"><h2><span style="text-align: justify;">ULIPs – Revamped for the better </span></h2><h3><span style="text-align: justify;">With the new guidelines, ULIPs have become more investorfriendly than before. Read to know ‘why’…. </span></h3><h4><span style="text-align: justify;">Rahul Mantri </span></h4><br />
<span style="text-align: justify;"><br />
The Insurance Regulation and Development Authority (IRDA) have made some critical changes with respect to Unit Linked Insurance Plans (ULIPs), making these instruments more attractive than earlier… </span><span style="text-align: justify;"><br />
<b>CHANGES </b></span><span style="text-align: justify;"><b>1. </b></span><span style="text-align: justify;"><b>Lock-in period increased to five years: </b>By imple</span><span style="text-align: justify;">menting this change the IRDA has ensured that investors’ commitment to stay with ULIPs is higher and they enter these products with a long term view only. </span><span style="text-align: justify;"><br />
<b>2. </b></span><span style="text-align: justify;"><b>Difference between the net yield and gross </b></span><span style="text-align: justify;"><b>yield capped: </b>As per the IRDA, the difference between the gross yield (actual return earned by the fund) and the net yield (yield after deducting the actual expenses incurred by the fund) should not be more than 3 per cent in case of products with a tenure of less than 10 years and 2.25 per cent in case of products over 10 years. With this cap, unwanted expenses and extremely high agent commissions will be kept under control. </span><span style="text-align: justify;"><br />
<b>3. </b></span><span style="text-align: justify;"><b>Surrender charges capped at much lower </b></span><span style="text-align: justify;"><b>levels: </b>Now, the insurance company can recover only the client acquisition cost and not earn huge amounts under the tag of ‘surrender </span><span style="text-align: justify;"><br />
charges’. This will ensure that the policy holder will receive a higher sum in case of premature surrender as compared to earlier. </span><span style="text-align: justify;"><br />
<b>4. </b></span><span style="text-align: justify;"><b>Minimum annualised guarantee of 4.5 per </b></span><span style="text-align: justify;"><b>cent return on pension </b></span><span style="text-align: justify;"><b>funds mandatory: </b>This means that the policy holders (especially senior citizens) will be protected from market volatility. This will also ensure that the insurance companies will take limited risk while managing pension funds. </span><span style="text-align: justify;"><br />
<b>5. </b></span><span style="text-align: justify;"><b>Loan up to 40 per cent of the market value of </b></span><span style="text-align: justify;"><b>ULIPs can be sanctioned: </b>With a loan facility available on ULIPs, investors can arrange for the funds without having to surrender the policy. </span><span style="text-align: justify;"><br />
<b>6. </b></span><span style="text-align: justify;"><b>Minimum insurance cover prescribed for reg</b></span><span style="text-align: justify;"><b>ular and top-ups: </b>With this guideline, IRDA aims to ensure, to a certain extent, that insurance products will not be viewed as only an investment product. </span><span style="text-align: justify;"><br />
<b>TO CONCLUDE </b>With these new guidelines, the IRDA has made a good attempt to make ULIPs more consumer-friendly. The step is certainly in the right direction… </span><span style="text-align: justify;"><br />
<b>SUMMING UP </b></span><span style="text-align: justify;"><br />
ULIPs have emerged as suitable long-term insurance-cum-investment solutions for all. <br />
The benefits will make them appropriatefor long-term investing, enable access to better liquidity and offer scope for better returns. </span></div><div name="textContainer"><span class="pda"><span style="font-size: large;">This article sourced from times of India </span></span><span style="font-size: large;"><span id="main" style="visibility: visible;"><span id="search" style="visibility: visible;"><span class="f"><cite><b>:-http://timesofindia.indiatimes.com/</b></cite></span></span></span></span><span style="text-align: justify;"> </span></div><div name="textContainer"></div><div name="textContainer"></div><br />
<div class="HTMLImage"></div><div class="HTMLImage"></div><div class="HTMLImage"><img border="1" id="Pc0110400" src="http://epaper.timesofindia.com/Repository/getimage.dll?path=CAP/2010/09/29/11/Img/Pc0110400.jpg" /></div>Unknownhttp://www.blogger.com/profile/10182558073564065698noreply@blogger.com0tag:blogger.com,1999:blog-5895142481406280612.post-84626050544930141982010-07-08T10:39:00.002+05:302010-08-12T15:39:31.571+05:30Advantages of Life InsuranceAdvantages of Life Insurance<br />
Life Insurance provides the dual benefits of savings and security.<br />
The following benefits explain why this investment tool should be an<br />
integral part of your financial plans.Advantages of Life Insurance•<br />
Risk Cover - Life today is full of uncertainties; in this scenario<br />
Life Insurance ensures that your loved ones continue to enjoy a good<br />
quality of life against any unforeseen event.<br />
• Planning for life stage needs - Life Insurance not only provides<br />
for financial support in the event of untimely death but also acts as<br />
a long term investment. You can meet your goals, be it your children's<br />
education, their marriage, building your dream home or planning a<br />
relaxed retired life, according to your life stage and risk appetite.<br />
Traditional life insurance policies i.e. traditional endowment plans,<br />
offer in-built guarantees and defined maturity benefits through<br />
variety of product options such as Money Back, Guaranteed Cash Values,<br />
Guaranteed Maturity Values.<br />
• Protection against rising health expenses - Life Insurers through<br />
riders or stand alone health insurance plans offer the benefits of<br />
protection against critical diseases and hospitalization expenses.<br />
This benefit has assumed critical importance given the increasing<br />
incidence of lifestyle diseases and escalating medical costs.<br />
• Builds the habit of thrift - Life Insurance is a long-term contract<br />
where as policyholder, you have to pay a fixed amount at a defined<br />
periodicity. This builds the habit of long-term savings. Regular<br />
savings over a long period ensures that a decent corpus is built to<br />
meet financial needs at various life stages.<br />
• Safe and profitable long-term investment - Life Insurance is a<br />
highly regulated sector. IRDA, the regulatory body, through various<br />
rules and regulations ensures that the safety of the policyholder's<br />
money is the primary responsibility of all stakeholders. Life<br />
Insurance being a long-term savings instrument, also ensures that the<br />
life insurers focus on returns over a long-term and do not take risky<br />
investment decisions for short term gains.<br />
• Assured income through annuities - Life Insurance is one of the best<br />
instruments for retirement planning. The money saved during the<br />
earning life span is utilized to provide a steady source of income<br />
during the retired phase of life.<br />
• Protection plus savings over a long term - Since traditional<br />
policies are viewed both by the distributors as well as the customers<br />
as a long term commitment; these policies help the policyholders meet<br />
the dual need of protection and long term wealth creation efficiently.<br />
• Growth through dividends - Traditional policies offer an opportunity<br />
to participate in the economic growth without taking the investment<br />
risk. The investment income is distributed among the policyholders<br />
through annual announcement of dividends/bonus.<br />
• Facility of loans without affecting the policy benefits -<br />
Policyholders have the option of taking loan against the policy. This<br />
helps you meet your unplanned life stage needs without adversely<br />
affecting the benefits of the policy they have bought.<br />
• Tax Benefits-Insurance plans provide attractive tax-benefits for<br />
both at the time of entry and exit under most of the plans.<br />
• Mortgage Redemption- Insurance acts as an effective tool to cover<br />
mortgages and loans taken by the policyholders so that, in case of any<br />
unforeseen event, the burden of repayment does not fall on the<br />
bereaved family.<iframe src="http://rcm.amazon.com/e/cm?t=righti-20&o=1&p=8&l=bpl&asins=0470464682&fc1=000000&IS2=1<1=_blank&m=amazon&lc1=0000FF&bc1=000000&bg1=FFFFFF&f=ifr" style="align:left;padding-top:5px;width:131px;height:245px;padding-right:10px;"align="left" scrolling="no" marginwidth="0" marginheight="0" frameborder="0"></iframe>Unknownhttp://www.blogger.com/profile/10182558073564065698noreply@blogger.com0tag:blogger.com,1999:blog-5895142481406280612.post-21080053514859615412010-07-04T12:24:00.001+05:302010-07-04T12:24:58.181+05:30What is insuranceWhat is insurance? Life Insurance is the key to good financial<br>planning. On one hand, it safeguards your money and on the other,<br>ensures its growth, thus providing you with complete financial well<br>being. Life Insurance can be termed as an agreement between the policy<br>owner and the insurer, where the insurer for a consideration agrees to<br>pay a sum of money upon the occurrence of the insured individual's or<br>individuals' death or other event, such as terminal illness, critical<br>illness or maturity of the policy. Life insurance plans, unlike mutual<br>funds, are beneficial when you look at them as a long term avenue of<br>investment which also offers protection through life cover. Life<br>insurance policies are broadly categorized into 2 types; Traditional<br>Plans and Unit Linked Insurance Plans (ULIPs). Traditional<br>policies offer in-built guarantees and define maturity benefits<br>through variety of products such as guaranteed maturity value. The<br>investment risk in traditional life insurance policies is borne by<br>life insurance companies. Additionally, the investment decisions are<br>regulated to a large extent by IRDA rules and regulations, ensuring<br>stable returns with minimal risk. Investment income is distributed<br>amongst the policy holders through annual bonus. These policies are<br>ideal for policy holders who are not market savvy and do not wish to<br>take investment risks.ULIPs, on the other hand provide a combination<br>of risk cover and investment. More importantly they offer a<br>flexibility to decide your risk taking profile. Here's a list of<br>the investment plans you can benefit from: Term Plan Term<br>Insurance helps the customers in safeguarding their families from<br>financial worries that arise due to unfortunate circumstances. Term<br>plans are pure risk cover plans with or without maturity benefits.<br>These pure risk plans cover your life at a nominal costTerm plans also<br>let you avail the benefit to cover your outstanding debts like<br>mortgage, home loan etc. In case of something happens to you, the<br>financial burden is borne by the insurance company and not your loved<br>ones.Term Plan offers you the following benefits: • High insurance<br>Cover at lower costs • Financial security against loans and mortgages,<br>• Single premium payment option available • Available with host of<br>Additional rider benefits Health Insurance Endowment Plans<br> Whole Life Insurance Group Insurance Retirement Plans<br> Children's Plans Wealth PlansUnknownhttp://www.blogger.com/profile/10182558073564065698noreply@blogger.com0tag:blogger.com,1999:blog-5895142481406280612.post-68284295932711112492010-07-04T12:21:00.002+05:302010-08-12T15:41:08.282+05:30Benefits of ULIPsBenefits of ULIPs<br />
Unit Linked Plans offer unique opportunity to combine protection with<br />
investments. Some special features of Unit Linked Life Insurance<br />
Policies (ULIPs) are: •<br />
Provides flexibility in investmentsULIPs offer a complete selection of<br />
high, medium and low risk investment options under the same policy.<br />
You can choose an appropriate policy according to your risk taking<br />
appetite, coupled with the opportunity to switch between fund options<br />
without any additional expense. ULIPs provide the flexibility to<br />
choose the sum assured and investment ratio in the annual targeted<br />
premium. It also offers the flexibility of one time increase in<br />
investment portfolio, through top-ups to avail investment opportunity<br />
offered by external environment or own income flows.<br />
• Transparency<br />
The charge structure, value of investment and expected IRR based on 6%<br />
and 10% rate of returns, for the complete tenure of the policy are<br />
shared with you before you buy a product. Similarly, the annual<br />
account statement, quarterly investment portfolio and daily NAV<br />
reporting, ensures that you are aware of the status of your investment<br />
portfolio at all times. Most companies publish latest NAVs on their<br />
respective websites.<br />
• Liquidity<br />
To cope with unforeseen circumstances, ULIPs offer the benefit of<br />
partial withdrawal; wherein after 3 years you can withdraw funds from<br />
our Unit Linked account, retaining only the stipulated minimum amount.<br />
• Disciplined and regular savings<br />
ULIPs help you inculcate a regular saving habit. Also, the average<br />
unit costs tend to be lower than one time investment.<br />
• Multiple benefits bundled in one product<br />
ULIP is an outstanding solution for risk cover, long term investments<br />
with the benefit of various investment opportunities, coupled with tax<br />
benefits.<br />
• Spread of risk<br />
ULIPS are ideal for those investors who wish to avail the benefit of<br />
market linked growth without actually participating in the stock<iframe src="http://rcm.amazon.com/e/cm?t=righti-20&o=1&p=8&l=bpl&asins=0470087536&fc1=000000&IS2=1<1=_blank&m=amazon&lc1=0000FF&bc1=000000&bg1=FFFFFF&f=ifr" style="align:left;padding-top:5px;width:131px;height:245px;padding-right:10px;"align="left" scrolling="no" marginwidth="0" marginheight="0" frameborder="0"></iframe>Unknownhttp://www.blogger.com/profile/10182558073564065698noreply@blogger.com0tag:blogger.com,1999:blog-5895142481406280612.post-49737471184747040702010-06-29T10:21:00.001+05:302010-06-29T10:21:47.000+05:30Now, buying ULIPS will cost lessMUMBAI: Insurance sector regulator IRDA on Monday came out with a set<br>of guidelines directing life insurers to offer unit-linked insurance<br>plans (Ulips) at a much lower cost to buyers, while simultaneously<br>offering higher life cover though with a longer lock-in period.<br>While life insurance customers will benefit, the new rules could lead<br>to a substantial cut in commission for insurance agents and force life<br>insurance companies to drastically cut costs, leading to lower sales,<br>industry players said.<br>Interestingly, IRDA's decision to change rules governing Ulips came<br>within three months of stock market regulator Sebi saying that Ulips<br>were investment products as well (on which Sebi is the sole authority)<br>and banning 14 life insurers from selling Ulips without its<br>permission.<br>IRDA, on Monday, said that insurers will now be allowed to charge up<br>to 4% on annual premium paid on Ulips for the first five years, and<br>thereafter charges will be reduced during the tenure of the policy.<br>For plans of 15 years and above, the charges will be restricted at<br>2.25% of the yearly premium.<br>These cut in charges would make Ulips more attractive to the buyers<br>since they will have to pay lower charges for the same premium they<br>paid earlier. In the long run, this will add to the Ulip buyers'<br>funds. "Lower charges will benefit the customers," said GV Nageswara<br>Rao, MD & CEO, IDBI Fortis Life Insurance. However, this could mean<br>lower commission to insurance agents which in turn might affect sales<br>of ULIPs, Rao added.<br>The life insurers will also have to cut their expenses and becuase of<br>lower sales, it may affect their topline as well as bottomline. "The<br>capping of expenses guidelines have been made very stringent, this<br>will have quite farreaching consequences for the industry," said<br>Kamesh Goyal, country manager & CEO, Bajaj Allianz Life Insurance.<br>"Small regular premium policies will become unviable, thus a large<br>proportion of people who were paying premium of less than Rs 15,000 or<br>so a year will suffer badly," Goyal added. There is also fear in the<br>insurance industry that the new commission structure might not be able<br>to sustain an insurance agent's income and this channel could suffer.<br>IRDA has also increased the lock-in period for all Ulips from three<br>years to five years now, including the top-up premiums.<br>The decision is expected to make these products more like long-term<br>financial instruments that can provide risk protection. Longer lock-in<br>would also discourage those insurance buyers who often entered Ulips,<br>which are market-linked products, for short term gains. The regulator<br>also increased the insurance cover on such products to 10 times of the<br>first-year premium compared to five times now. In its Monday circular<br>IRDA also said that all pension products should have a guaranteed<br>return of 4.5% per annum. However industry players feel this could be<br>difficult to offer. "Providing a fixed guaranteed interest rate could<br>be a challenge. The returns here should be linked to market-related<br>rates," said Rao of IDBI FortisUnknownhttp://www.blogger.com/profile/10182558073564065698noreply@blogger.com0tag:blogger.com,1999:blog-5895142481406280612.post-54265680670783794842010-06-02T19:23:00.001+05:302010-08-12T15:43:19.259+05:30SBI Life - Scholar IIIntroduction:<br />
<br />
As a caring parent you would always want your child to get the very best. Is there a way to protect your children against life’s risks? Is there a way to make tomorrow safe for them? Therefore this is the time when careful financial planning can help you fulfill the aspirations that you have for your children’s.<br />
<br />
We at SBI Life can help you ensure that your children’s future is secure and prosperous.<br />
SBI Life - Scholar II is designed to protect your child’s future educational needs.<br />
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<br />
Key Features:<br />
Twin benefit of saving for your child’s education and securing a bright future despite the uncertainties of life.<br />
Full risk cover throughout the policy term irrespective of payment of survival benefits installments.<br />
Option to receive the installments in lump sum at the due date of first installment of Survival benefit.<br />
Attractive rider options<br />
Attractive rebate for Female lives and High Sum Assured.<br />
15 days Free Look Period.<br />
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Product type:<br />
It is a traditional participating plan.<br />
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Benefits<br />
Guaranteed payment at regular intervals<br />
When the child attains 18 years of age, the parent has an option of:<br />
Receiving the Sum Assured in 4 installments:<br />
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<a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiatRuC2k-ZPEkJ-A-eCzxiLGwJQH3snsIvsozn6PgxRR16hoKhKn8hnbqzTkuinThPIMKq9XlAwZpD_hMt-N9g2FqE_AWDDf9jkoaLhjx_E1WHL7Y0uHm9qrElXDwS_jTstT8GI1ioquNK/s1600/SBI+Life+-+Scholar+II.JPG"><img style="float:left; margin:0 10px 10px 0;cursor:pointer; cursor:hand;width: 320px; height: 257px;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiatRuC2k-ZPEkJ-A-eCzxiLGwJQH3snsIvsozn6PgxRR16hoKhKn8hnbqzTkuinThPIMKq9XlAwZpD_hMt-N9g2FqE_AWDDf9jkoaLhjx_E1WHL7Y0uHm9qrElXDwS_jTstT8GI1ioquNK/s320/SBI+Life+-+Scholar+II.JPG" border="0" alt=""id="BLOGGER_PHOTO_ID_5478174575541703970" /></a><span style="font-weight:bold;"> Please click on the snapshot for a better view </span><br />
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Receiving the Survival Benefits in a single installment along with the Vested Bonus* (Policy terminates thereafter) * Vested bonus is the total amount of bonus accrued till date, under the policy.<br />
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DEATH BENEFIT :In the event of unfortunate incident of your early death during the term of the plan, your child’s future remains secured in 3 ways:<br />
Child future educational needs: 25% of Sum Assured is payable in 4 equal installments when the child attains the age 18 years to 21 years. This ensures the child’s higher educational needs are met.<br />
Immediate Payment: The nominee receives the Sum Assured along with the bonus declared until that date.<br />
All future basic premiums need not be paid: Ensuring that your family is not financially burdened in your absence.<br />
<br />
Other Optional Benefits:<br />
SBI Life - Accidental Death and Accidental Total Permanent Disability Rider<br />
In case of death due to an accident, the nominee gets the additional rider Sum Assured.<br />
If the policyholder is involved in an accident, resulting in total permanent disability, he/she will get Sum Assured under this rider in 10 equal annual installments; He/she will exit from all the rider covers thereafter, but continue to be covered for basic cover on receipt of further premium due, if any.<br />
SBI Life - Premium Waiver Benefit Rider: Under this rider the policy holder need not pay future premiums for the base product, if he/she suffers from total and permanent disability due to an accident after the rider is opted for.<br />
SBI Life - Critical Illness Rider:<br />
On diagnosis of any of the 6 critical illnesses and you survive for more than 30 days from diagnosis; the Critical Illness Cover Amount is paid in a lump sum. No more claims will be admitted under this cover. The Basic policy remains in force for all the other benefits.<br />
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Tax Benefits<br />
Tax benefit u/s 80 C and 10 (10 D) of IT Act*<br />
Premiums paid for Critical Illness Benefit qualify for tax exemption under Sec 80D*<br />
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What is the policy term?<br />
The premium payment term depends on the age of the child and ends when the child attains the age 18 years. You are covered till the child attains the age 21 years.<br />
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Who can buy this product? <br />
Anyone between 18 to 60 years of age(as on last birthday) with a child between 0 to 15 years..<br />
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What is the sum assured?<br />
Minimum Maximum<br />
Rs. 50,000 Rs. 1 Crore<br />
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<br />
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Riders available<br />
SBI Life - Premium Waiver Benefit Rider<br />
SBI Life - Accidental Death and total permanent disability rider<br />
SBI Life - Critical Illness Rider<iframe src="http://rcm.amazon.com/e/cm?t=righti-20&o=1&p=8&l=bpl&asins=B000TVRG66&fc1=000000&IS2=1<1=_blank&m=amazon&lc1=0000FF&bc1=000000&bg1=FFFFFF&f=ifr" style="align:left;padding-top:5px;width:131px;height:245px;padding-right:10px;"align="left" scrolling="no" marginwidth="0" marginheight="0" frameborder="0"></iframe>INARC_CREATIONhttp://www.blogger.com/profile/12626466371375742152noreply@blogger.com0tag:blogger.com,1999:blog-5895142481406280612.post-7143434264174481772010-06-02T19:16:00.000+05:302010-06-02T19:19:31.142+05:30SBI Life - Lifelong Pension PlusIntroduction:<br />SBI Life Lifelong Pension Plus is a unique individual non participating traditional pension plan, which gives you total safety and security while offering you complete transparency and flexibility. This Plan is a perfect way for you to accumulate your savings and purchase an annuity with it, a time of your choice, to give you regular income. You would agree that all this will surely give you a secure future, and a joyous retirement.<br /> <br />Key Feature of SBI Life - Lifelong Pension Plus:<br /> <br />You have complete freedom to avail of a Pure Pension option or get the added advantage of insurance protection.<br /> <br />Choice of Add on Covers ,thus meeting your additional requirements at a nominal cost<br /> Term cover<br /> Total Permanent Disability(TPD) cover due to<br /> Accident OR<br /> Accident and Sickness<br /> <br />Complete Transparency: You will know how your premiums are growing each step of the way. At the end of each financial year, the fund will be credited with investment income based on the investment return earned. <br /> <br />Guaranteed Additions of 10% of Annual Premium on 15th policy anniversary & 10% of Annual Premium on every 5th policy anniversary thereafter in case of Regular Premium policy whereas for Single Premium policy, 1% of Single Premium on 15th policy anniversary & 1% of Single Premium on every 5th policy anniversary thereafter.<br /> <br />Added to this is the matchless advantage of our expertise in investment management that shields you from the vagaries of the markets and gives you stable investment returns that grow your retirement kitty<br /> <br />Choose Single or Regular payment, as per your need.<br /> Augment your retirement kitty at any time during the policy term by making Additional Contributions.<br /> <br />Option to Prepone or Postpone the Vesting Age<br /> <br />Product Snapshot:<br /><br /><a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjessmln-R2tx33plgTXVgColNEZp4gr6NqoTInJ2XTfIM1gZJovmLMm9_rH6b3CNh1h2tqxQdfEqbMBk3kXNh5v3a8rchCLHk7rn1a7kf3GiuvYzjqyd2Ac52HeGkj8iKd2ZebUQLeWOyH/s1600/SBI+Life+-+Lifelong+Pension+Plus.JPG"><img style="float:left; margin:0 10px 10px 0;cursor:pointer; cursor:hand;width: 320px; height: 257px;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjessmln-R2tx33plgTXVgColNEZp4gr6NqoTInJ2XTfIM1gZJovmLMm9_rH6b3CNh1h2tqxQdfEqbMBk3kXNh5v3a8rchCLHk7rn1a7kf3GiuvYzjqyd2Ac52HeGkj8iKd2ZebUQLeWOyH/s320/SBI+Life+-+Lifelong+Pension+Plus.JPG" border="0" alt=""id="BLOGGER_PHOTO_ID_5478172896373374450" /></a> <span style="font-weight:bold;">Please click on the snapshot for a better view </span><br /><br /> All the references to age are age as on last birthday.<br />Benefits<br /> Maturity Benefit: The fund value payable on maturity/vesting can be utilized as follows:<br /> Purchase Annuity Plan for the entire amount.<br /> Commute up to one third of Fund Value as lump sum and the balance can be used for the purchase of annuity.<br /> Death Benefit: In the unfortunate event of death, the accumulated fund value will be paid to the nominee or legal heir. Term cover sum assured if opted for is also payable and the policy terminates thereafter.<br /> Add-on Cover Benefits: <br /> Term Cover:<br /><br />In the event of death when this benefit is in force (before the life assured completes 65 years of age or during the benefit term if there is no unpaid premium), the nominee would be paid an amount equal to benefit Sum Assured.<br /> Total Permanent Disability Cover (Accident):<br /><br />If the policyholder has taken this cover and during the tenure of Policy in the event the insured becomes incapacitated and as a result not able to earn an income from any work, occupation or profession for the rest of his/her life, then the sum assured will be paid,<br /> Total Permanent Disability Cover (Accident & Sickness):<br /><br />This cover option benefit is payable when. If the policyholder has taken this cover, then in case of a state of total, permanent and irreversible disability exists as a result of an accident or disease and the life insured is rendered permanently incapable of earning an income from any occupation whatsoever, the sum assured will be paid.<br /> <br /><br />Please Note: Either of the Total Permanent Disability (TPD) covers can only be availed if Term Cover has been opted.INARC_CREATIONhttp://www.blogger.com/profile/12626466371375742152noreply@blogger.com0tag:blogger.com,1999:blog-5895142481406280612.post-42663933248441463542010-06-02T19:15:00.001+05:302010-06-02T19:16:38.483+05:30SBI Life - Immediate Annuity PlanIntroduction:<br /><br />SBI Life Insurance introduces SBI Life - Immediate Annuity Plan for Pension Policyholders. This product provides annuity payments immediately from payment of purchase price. It has been specially designed to cater to the annuity needs of our existing policyholders (SBI Life - Lifelong Pensions, SBI Life - Horizon II Pension, SBI Life - Unit Plus II Pension) at the vesting age.<br /> <br />All you need to do is choose the annuity option and pay a purchase price to commence the annuity for the required amount. We at SBI Life will calculate the amount of each annuity payments based on the purchase amount and life expectancy.<br /> <br /><br />What are the Key Features?<br /> You can opt for any one of the 6 Annuity options available and your annuity option stays the same throughout the tenure.<br /> Option to choose the periodicity of your annuity: Members can choose the periodicity of the annuity depending upon their needs. The options available are Annual, Half yearly, Quarterly, and Monthly.<br /> Annuity rates guaranteed for life: Attractive annuity rates due to group effect. Annuity rates decided at the time of entry are guaranteed for the rest of life for the given purchase price.<br /> Age at Entry for member : 50 to 70 Years as on last birthday<br /> Minimum Annuity will be Rs. 250 per month.<br /> <br /><br />What are the Annuity Options* Available?<br /> A variety of Options to choose from:<br /> Life annuity at constant rate.<br /> Annuity payable at constant rate throughout the life of the Annuitant with facility of receiving on death of the Annuitant a refund of purchase price less the sum total of annuity already paid till date of death.<br /> Annuity payable at constant simple rate throughout the life of the Annuitant with facility of receiving on death of the Annuitant 100% refund of purchase price.<br /> Annuity increasing at the rate of 1% or 2% or 3% per annum as the case may be and payable during the life of the Annuitant<br /> Annuity certain for 5/ 10 / 15 years as the case may be and for the life thereafter<br /> Last survivor annuity, whereby upon the death of the Annuitant his/ her spouse* will receive a life annuity, which will be either 100% or 50% of the last annuity amount paid to the Annuitant, as the case may be.<br /> <br /><br />*Annuity is not available if the difference in age of the annuitant and the spouse is more than 10 years.<br /> <br /><br />Why SBI Life Insurance?<br /><br />SBI Life Insurance is a joint venture between the State Bank of India and BNP Paribas Assurance. State Bank of India enjoys the largest banking franchise in India. Along with its 7 Associate Banks, BNP Paribas Assurance is the insurance arm of BNP Paribas - Euro Zone’s leading Bank. BNP Paribas, part of the worlds top 10 group of banks by market value and part of Europe top 3 banking companies, is one of the oldest foreign banks.<br /> <br /><br />The above information is a brief summary of SBI Life - Immediate AnnuityINARC_CREATIONhttp://www.blogger.com/profile/12626466371375742152noreply@blogger.com0tag:blogger.com,1999:blog-5895142481406280612.post-25988019766763525182010-06-02T19:15:00.000+05:302010-06-02T19:16:37.459+05:30SBI Life - Immediate Annuity PlanIntroduction:<br /><br />SBI Life Insurance introduces SBI Life - Immediate Annuity Plan for Pension Policyholders. This product provides annuity payments immediately from payment of purchase price. It has been specially designed to cater to the annuity needs of our existing policyholders (SBI Life - Lifelong Pensions, SBI Life - Horizon II Pension, SBI Life - Unit Plus II Pension) at the vesting age.<br /> <br />All you need to do is choose the annuity option and pay a purchase price to commence the annuity for the required amount. We at SBI Life will calculate the amount of each annuity payments based on the purchase amount and life expectancy.<br /> <br /><br />What are the Key Features?<br /> You can opt for any one of the 6 Annuity options available and your annuity option stays the same throughout the tenure.<br /> Option to choose the periodicity of your annuity: Members can choose the periodicity of the annuity depending upon their needs. The options available are Annual, Half yearly, Quarterly, and Monthly.<br /> Annuity rates guaranteed for life: Attractive annuity rates due to group effect. Annuity rates decided at the time of entry are guaranteed for the rest of life for the given purchase price.<br /> Age at Entry for member : 50 to 70 Years as on last birthday<br /> Minimum Annuity will be Rs. 250 per month.<br /> <br /><br />What are the Annuity Options* Available?<br /> A variety of Options to choose from:<br /> Life annuity at constant rate.<br /> Annuity payable at constant rate throughout the life of the Annuitant with facility of receiving on death of the Annuitant a refund of purchase price less the sum total of annuity already paid till date of death.<br /> Annuity payable at constant simple rate throughout the life of the Annuitant with facility of receiving on death of the Annuitant 100% refund of purchase price.<br /> Annuity increasing at the rate of 1% or 2% or 3% per annum as the case may be and payable during the life of the Annuitant<br /> Annuity certain for 5/ 10 / 15 years as the case may be and for the life thereafter<br /> Last survivor annuity, whereby upon the death of the Annuitant his/ her spouse* will receive a life annuity, which will be either 100% or 50% of the last annuity amount paid to the Annuitant, as the case may be.<br /> <br /><br />*Annuity is not available if the difference in age of the annuitant and the spouse is more than 10 years.<br /> <br /><br />Why SBI Life Insurance?<br /><br />SBI Life Insurance is a joint venture between the State Bank of India and BNP Paribas Assurance. State Bank of India enjoys the largest banking franchise in India. Along with its 7 Associate Banks, BNP Paribas Assurance is the insurance arm of BNP Paribas - Euro Zone’s leading Bank. BNP Paribas, part of the worlds top 10 group of banks by market value and part of Europe top 3 banking companies, is one of the oldest foreign banks.<br /> <br /><br />The above information is a brief summary of SBI Life - Immediate AnnuityINARC_CREATIONhttp://www.blogger.com/profile/12626466371375742152noreply@blogger.com0tag:blogger.com,1999:blog-5895142481406280612.post-72285703376649172872010-06-02T19:12:00.000+05:302010-06-02T19:14:58.797+05:30SBI Life – Horizon III PensionIntroduction:<br /> <br />Horizon III Pension is a flexible and a hassle free unit linked pension plan with an opportunity for you to get higher market-linked returns. It truly offers you the best of both worlds with the choice of Automatic Asset Allocation or Active Fund Management! To top it all, you can now enjoy the benefits of no premium allocation charges from the 4th policy year along with all the innovative and flexible options that you ever wanted...So go for it now! <br /> <br /> Features of SBI Life – Horizon III Pension:<br /> <br /> <br />Automatic Asset Allocation, through which SBI Life manages your investments on your behalf.<br /> <br /> <br />Option for Active Fund Management, through a choice of 4 diverse fund options <br /> <br />Enjoy the best of both worlds, by allocating between Automatic Asset allocation and Active Fund Management option.<br /> <br />Enhanced Fund Value - No Premium Allocation Charges from the 4th policy year<br /> <br />Freedom to avail of a Pure Pension plan or get added protection with 2 new riders- SBI Life - Criti Care 13 Rider (UIN: 111A018V01) and SBI Life - Income Sustainer Rider (UIN: 111A020V01)<br /> <br />Twin Benefit of Market linked returns & regular income.<br /> <br />Enjoy complete flexibility to increase or decrease your premium amount.<br /> <br />Choice of early or late retirement: Option to alter the vesting age to suit your requirements.<br /> <br />Investment Flexibility through Switching, Redirection and Top-Ups.<br /> <br /> Product Snapshot:<br /><br /><br /> <a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgfAl1DD7z7dzlwqTAqsRYUnyzBUribjKB-BJbZcJWrq3WZRssfoQWh38jTqqNZ7PSBlntAR8au-R1vbITw6NVltzihU2XHPn14ntMH3DcSc5UfasNfq7JOAz3WACYDbjX7FvNPWo09C_YC/s1600/SBI+Life+%E2%80%93+Horizon+III+Pension.JPG"><img style="float:left; margin:0 10px 10px 0;cursor:pointer; cursor:hand;width: 320px; height: 257px;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgfAl1DD7z7dzlwqTAqsRYUnyzBUribjKB-BJbZcJWrq3WZRssfoQWh38jTqqNZ7PSBlntAR8au-R1vbITw6NVltzihU2XHPn14ntMH3DcSc5UfasNfq7JOAz3WACYDbjX7FvNPWo09C_YC/s320/SBI+Life+%E2%80%93+Horizon+III+Pension.JPG" border="0" alt=""id="BLOGGER_PHOTO_ID_5478171731044642594" /></a> <span style="font-weight:bold;">Please click on the snapshot for a better view </span><br /> All the references to age are age as on last birthday.<br />**Tax benefits are subject to change in tax laws. Please consult your Tax advisor for details.<br /> <br /> Benefits:<br /> Maturity Benefit:-The fund value payable on maturity/vesting can be utilized as follows:<br /> Purchase Annuity Plan for the entire amount.<br /> Commute up to one third of Fund Value as lump sum and the balance can be used for the purchase of annuity.<br /> Death Benefit:-<br /> <br /> In the unfortunate event of death or total permanent disability or critical illness whichever is earlier, the fund value at that time shall be payable.<br /> Rider Benefits:<br /> <br />Criti Care 13 Rider: Provides lump sum amount to take care of 13 Critical Illnesses which include Cancer, Coronary Artery Bypass Graft Surgery, Heart Attack, Heart Valve Surgery, Kidney Failure, Major Burns, Major Organ Transplant, Paralysis, Stroke, Surgery of Aorta, Coma, Motor Neurone Disease and Multiple Sclerosis<br /> <br /> Income Sustainer Rider: Provides additional benefit in the case of death or in the case of Total & Permanent Disability due to Accident or Sickness, whichever is earlier. A 25% of income sustainer benefit sum assured is paid upfront and 1% of income sustainer benefit sum assured is paid monthly in arrears for 10 years or till the end of the base policy term (capped at a maximum of 30 years) whichever is higher.INARC_CREATIONhttp://www.blogger.com/profile/12626466371375742152noreply@blogger.com0tag:blogger.com,1999:blog-5895142481406280612.post-15308778396979471802010-06-02T19:06:00.001+05:302010-08-12T15:43:54.514+05:30SBI Life:- Unit Plus III PensionIntroduction:<br />
Your golden years will now indeed be ‘Golden’…SBI Life Insurance introduces Unit Plus III Pension, a unit linked non-participating pension plan that makes sure that you have regular income after you retire. With the unique advantage of 8 diverse fund options to suit your risk profile, Unit Plus III Pension also packs in the added protection through two attractive riders. All this and more at surprisingly lower costs, that deliver superior value so you can be sure that good times are here to stay.<br />
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Key Features:<br />
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Guaranteed Additions of 5% every year from the 6th policy year onwards, on one annualized regular premium and 1% on the Single Premium<br />
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Enhanced investment opportunity through 8 Dynamic Fund Options including Index Pension Fund, Top 300 Pension Fund<br />
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No Premium Allocation Charge from 6th year onwards, thereby enhancing your fund value.<br />
Option to avail added protection with 2 new riders – SBI Life - Criti Care 13 Rider (UIN: 111A018V01), and SBI Life Income Sustainer Rider (UIN: 111A020V01)<br />
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Twin Benefit of Market linked returns & regular income<br />
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Enjoy complete flexibility to increase/decrease your premium amount.<br />
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Choice of early/ late retirement: Option to alter your vesting age to suit your requirements.<br />
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Convenience to pay premiums at regular intervals or as a single premium.<br />
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Option to boost your investments through Top-ups.<br />
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Product Snapshot:<br />
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<a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjv5LPrDZ1FTaWkq0WtEZ-iI6bwEr3kiJEQLERVY6eukYyK4QcHHBE7_qVmFHxUAy3UN7LERJUnBDd6r9QpESzPm2mysaHj9K2HAu3CVsWLQtUBpPjyG3Rt3Q-pmR3UJPzbyoXh_Iw4oYtk/s1600/SBI+Life-+Unit+Plus+III+Pension.JPG"><img style="float:left; margin:0 10px 10px 0;cursor:pointer; cursor:hand;width: 320px; height: 257px;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjv5LPrDZ1FTaWkq0WtEZ-iI6bwEr3kiJEQLERVY6eukYyK4QcHHBE7_qVmFHxUAy3UN7LERJUnBDd6r9QpESzPm2mysaHj9K2HAu3CVsWLQtUBpPjyG3Rt3Q-pmR3UJPzbyoXh_Iw4oYtk/s320/SBI+Life-+Unit+Plus+III+Pension.JPG" border="0" alt=""id="BLOGGER_PHOTO_ID_5478170901109859602" /></a> <span style="font-weight:bold;">Please click on the snapshot for a better view</span> <br />
<br />
All the references to age are age as on last birthday.<br />
**Tax benefits are subject to change in tax laws. Please consult your Tax advisor for details.<br />
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Benefits<br />
<br />
On Death, Total Permanent Disability or Critical Illness (Before Vesting Date) :-In the unfortunate event of death or total permanent disability or critical illness whichever is earlier, the Fund Value at that time shall be payable<br />
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Maturity/Vesting Retirement Benefit:- The Policy will be terminated on vesting, and the fund value payable on vesting can be utilized as follows:<br />
Purchase Annuity Plan for the entire amount.<br />
Commute up to one third of Fund Value as lump sum and the balance can be used for the purchase of annuity.<br />
Rider Benefits:<br />
Criti Care 13 Rider: Provides lump sum amount to take care of 13 Critical Illnesses which include Cancer, Coronary Artery Bypass Graft Surgery, Heart Attack, Heart Valve Surgery, Kidney Failure, Major Burns, Major Organ Transplant, Paralysis, Stroke, Surgery of Aorta, Coma, Motor Neurone Disease and Multiple Sclerosis<br />
Income Sustainer Rider: Provides additional benefit in the case of death or in the case of Total & Permanent Disability due to Accident or Sickness, whichever is earlier. A 25% of income sustainer benefit sum assured is paid upfront and 1% of income sustainer benefit sum assured is paid monthly in arrears for 10 years or till the end of the base policy term (capped at a maximum of 30 years) whichever is higher.<iframe src="http://rcm.amazon.com/e/cm?t=righti-20&o=1&p=8&l=bpl&asins=019516590X&fc1=000000&IS2=1<1=_blank&m=amazon&lc1=0000FF&bc1=000000&bg1=FFFFFF&f=ifr" style="align:left;padding-top:5px;width:131px;height:245px;padding-right:10px;"align="left" scrolling="no" marginwidth="0" marginheight="0" frameborder="0"></iframe>INARC_CREATIONhttp://www.blogger.com/profile/12626466371375742152noreply@blogger.com0tag:blogger.com,1999:blog-5895142481406280612.post-35613956995537074512010-06-02T18:49:00.000+05:302010-06-02T18:51:46.249+05:30SBI Life- Unit Plus - Elite IIIntroduction:<br /> <br />SBI Life- Unit Plus - Elite II is a Unit Linked Insurance plan, exclusively for special customers like you. It gives you flexibility to pay premium for limited term with the freedom to stay invested and protected for the long term. What’s more, you have the power of choosing the options best suited to your needs, which come to you at unbelievably low costs. All this and more, coming from SBI Life- your preferred insurer- adds enormous value to your investments.<br /> <br />Features of SBI Life – Unit Plus - Elite II:<br /> <br /> <br />Pay premiums only for a limited term of 3, 5, 7 or 10 years as per your convenience and enjoy benefits throughout the chosen policy term.<br /> <br />Twin Benefit of Market linked returns & insurance cover<br /> <br />Two protection covers available: Gold Cover which gives you the higher of Sum Assured or Fund Value & Platinum Cover gives you both Sum Insured and Fund Value.<br /> <br />Option to increase/decrease your premium and Sum Assured from 4th year onwards<br /> <br /> Invest in wide range of funds and manage them as per your convenience.<br /> <br /> Facility to make Top up payments, to boost your investment<br /> <br />Liquidity through partial withdrawals<br /> <br /> Enhanced Value at optimal costs.<br /> Accidental Death and Accidental Total and Permanent Disability benefit automatically comes to you as an integral part of the plan!<br /> <br /><br />Product Snapshot:<br /><br /><a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjAFT7s3J2TgXJlzY0Mwst9XnVU4s7z8YRdF35XpcD9aBu5tSinUufMdwsNOWF9EyCpFnwX9GNm2kQSyiaI1SyjwIyGP2oERBDBC2y03tiGxir07zpYgSigHRk7Xldk3hbaOwT37d3G41qN/s1600/SBI+Life-+Unit+Plus+-+Elite+II.JPG"><img style="float:left; margin:0 10px 10px 0;cursor:pointer; cursor:hand;width: 320px; height: 257px;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjAFT7s3J2TgXJlzY0Mwst9XnVU4s7z8YRdF35XpcD9aBu5tSinUufMdwsNOWF9EyCpFnwX9GNm2kQSyiaI1SyjwIyGP2oERBDBC2y03tiGxir07zpYgSigHRk7Xldk3hbaOwT37d3G41qN/s320/SBI+Life-+Unit+Plus+-+Elite+II.JPG" border="0" alt=""id="BLOGGER_PHOTO_ID_5478165741627326818" /></a> <span style="font-weight:bold;">Please click on the snapshot for a better view </span><br />* All the references to age are age as on last birthday.<br /># Subject to change in the tax laws. Please consult your Tax advisor for details.<br /> <br /><br />Benefits:<br /> Maturity Benefit: On completion of policy term, Fund Value will be paid.<br /> Death Benefit:<br /> <br /> For Gold Cover: Sum Assured or Fund Value, whichever is higher.<br /> <br /> <br /><br />For Platinum Cover: Sum Assured plus Fund Value.<br /> In-Built Benefit:<br /> <br /> Accidental Death and Accidental Total and Permanent Disability (Accidental Cover) which covers for amount equal to basic sum assured subject to an overall maximum of Rs 50 Lakhs.INARC_CREATIONhttp://www.blogger.com/profile/12626466371375742152noreply@blogger.com0tag:blogger.com,1999:blog-5895142481406280612.post-77210091354005189302010-06-02T18:45:00.001+05:302010-08-12T15:44:37.811+05:30SBI Life – Unit Plus II Child PlanIntroduction:<br />
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Life begins afresh when you become a parent. Amidst all the divine happiness, there’s a new sense of responsibility that fills your heart. Like you may not really believe that life’s a rose bed or a tender cushion, but you certainly want it to be for your lovely children. At SBI Life, we understand that. That’s why, we provide you with a unique, flexible and all-encompassing solution through our New and Improved SBI Life – Unit Plus II Child Plan.<br />
Our specially crafted Unit Plus II Child Plan is as accommodating as you are to your child.<br />
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Features of SBI Life – Unit Plus II Child Plan:<br />
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Dual protection for your family, in case you are not around<br />
In addition, Inbuilt - Accident Cover which includes Accidental Death Benefit and Accidental Total and Permanent Disability (Accidental TPD) Benefit<br />
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Free allocation of units by way of Loyalty Units<br />
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No Premium Allocation Charge from 6th year onwards, thereby boosting your fund value<br />
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Enhanced investment opportunity through 8 varied Fund Options including Index Fund & Top 300 Fund<br />
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Twin Benefit of Market linked returns & insurance cover<br />
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Flexible options to meet your changing requirement<br />
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Option to pay Top-up Premium<br />
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Liquidity through Partial Withdrawal<br />
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Attractive Tax benefits under the Income Tax Act, 1961, subject to conditions<br />
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Product Snapshot:<br />
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<a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhETBJc2n4RfzYFxbk01dyELYK72marlqARNxf6cQyF4zZwU_J2ef_dD3NTSw5aBC6Chk_N5VAXlMHHYUXi_ndmvtEiBu6xqx6N-Z9I5fSnEcN0vxEn974kH74jHbaVFSDG1TSgHVX_dE1B/s1600/SBI+Life+%E2%80%93+Unit+Plus+II+Child+Plan..JPG"><img style="float:left; margin:0 10px 10px 0;cursor:pointer; cursor:hand;width: 320px; height: 257px;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhETBJc2n4RfzYFxbk01dyELYK72marlqARNxf6cQyF4zZwU_J2ef_dD3NTSw5aBC6Chk_N5VAXlMHHYUXi_ndmvtEiBu6xqx6N-Z9I5fSnEcN0vxEn974kH74jHbaVFSDG1TSgHVX_dE1B/s320/SBI+Life+%E2%80%93+Unit+Plus+II+Child+Plan..JPG" border="0" alt=""id="BLOGGER_PHOTO_ID_5478164936620374962" /></a> <span style="font-weight:bold;">Please click on the snapshot for a better view </span><br />
Benefits:<br />
Maturity Benefit:-<br />
On completion of Policy Term, Fund Value will be paid.<br />
Death Benefit:-<br />
Sum Assured (net of partial withdrawals) will be paid. Though Inbuilt Waiver Benefit – SBI Life continues to pay your Regular Premium and the Accumulated Fund Value will be paid at Maturity.<br />
<br />
In case of Accidental Death or Accidental Total and Permanent Disability, additional benefit equal to Basic Sum Assured will be paid.<iframe src="http://rcm.amazon.com/e/cm?t=righti-20&o=1&p=8&l=bpl&asins=B002JS7SL0&fc1=000000&IS2=1<1=_blank&m=amazon&lc1=0000FF&bc1=000000&bg1=FFFFFF&f=ifr" style="align:left;padding-top:5px;width:131px;height:245px;padding-right:10px;"align="left" scrolling="no" marginwidth="0" marginheight="0" frameborder="0"></iframe>INARC_CREATIONhttp://www.blogger.com/profile/12626466371375742152noreply@blogger.com0tag:blogger.com,1999:blog-5895142481406280612.post-38544120260341348572010-06-02T18:26:00.000+05:302010-06-02T18:31:18.291+05:30SBI Life - Smart ULIP(Series II)Introduction:<br />Due to the unpredictable nature of the market, you need a plan which not only protects your investment, but also enables you to get market related returns. SBI Life - Smart ULIP(Series II) is the perfect answer to your need, and will give you not only Guarantee on select NAVs during the first seven years, but also gives you the added attraction of participating in the market upside!<br /> <br />Benefits of SBI Life - Smart ULIP (Series II) :<br /> Guarantee of the highest of select NAVs in during the first seven years on Maturity.<br /> <br />Convenience through shorter premium paying term, giving you a choice between 2 premium paying terms (PPT).<br /> <br />‘Power of more’ - Guaranteed Maturity NAV, continues beyond the premium payment term.<br /> <br />Innovative structured investment fund -‘FlexiProtect Fund (Series II)’.<br /> <br />Hassle free plan - we manage your investment, giving you maximum opportunity for growth while protecting your investments against adverse market conditions.<br /> <br />Investment cum Insurance plan giving market related returns.<br /> <br />Attractive Tax benefits under the Income Tax Act, 1961, subject to conditions<br /> <br />Product Snapshot:<br /><a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiJRZMFwe2E1yX_G6ptBW7p4q9RvFrJtwgTDpZaPwbxjsKwUCBfRzrIL1XjpJ9m5ZPV1wNKvnpgbukBz5snJDHtlnzdJVArRG8jLhNW2kJrjVD2M9xDwvo22iYfiX9PxzSGpDRFGINNYw8K/s1600/SBI+Life+-+Smart+ULIP(Series+II).bmp"><img style="float:left; margin:0 10px 10px 0;cursor:pointer; cursor:hand;width: 320px; height: 257px;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiJRZMFwe2E1yX_G6ptBW7p4q9RvFrJtwgTDpZaPwbxjsKwUCBfRzrIL1XjpJ9m5ZPV1wNKvnpgbukBz5snJDHtlnzdJVArRG8jLhNW2kJrjVD2M9xDwvo22iYfiX9PxzSGpDRFGINNYw8K/s320/SBI+Life+-+Smart+ULIP(Series+II).bmp" border="0" alt=""id="BLOGGER_PHOTO_ID_5478159823323023426" /></a> <span style="font-weight:bold;">Please click on snapshot for a better view</span>INARC_CREATIONhttp://www.blogger.com/profile/12626466371375742152noreply@blogger.com0tag:blogger.com,1999:blog-5895142481406280612.post-85947223196701017292010-04-30T22:06:00.000+05:302010-06-02T18:24:29.249+05:30SBI Life – Unit Plus III<a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjmVEYmpLQ5qo_dQwfdR_5yxAYAcsfwUsT3EOX0gBQWg3G4Mtx3DTJatQbqBE6ei_oThV3eNJbgh2y2sRXuSa_hbnENrqnUQUDjAffos0WAYxccPKaF1Tq8YOsBXtxe-wj5AQJ1c1vj6eyI/s1600/sbi.jpg"><img style="float:left; margin:0 10px 10px 0;cursor:pointer; cursor:hand;width: 130px; height: 50px;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjmVEYmpLQ5qo_dQwfdR_5yxAYAcsfwUsT3EOX0gBQWg3G4Mtx3DTJatQbqBE6ei_oThV3eNJbgh2y2sRXuSa_hbnENrqnUQUDjAffos0WAYxccPKaF1Tq8YOsBXtxe-wj5AQJ1c1vj6eyI/s320/sbi.jpg" border="0" alt=""id="BLOGGER_PHOTO_ID_5465970582394221554" /></a><br /> Introduction:<br /> <br />SBI Life – Unit Plus III is an excellent and flexible non participating Unit linked Plan , specially designed to meet your changing requirements at various stages of life. With a wide array of funds, riders and other options, this product gives you the complete freedom to fulfill all your investment and insurance needs. And that’s not all; we now also offer you guaranteed additions and choice of payment options at a lower cost, giving you far superior value. <br /> <br /> Key Features:<br /> Go to Top<br /> <br />Guaranteed Additions of upto 200% of your current years premium for Regular Premium Option and upto 25% for Single Premium Option.<br /> <br />No Premium Allocation Charge from 11th year onwards, thereby boosting your fund value<br /> <br />Enhanced investment opportunity through 8 varied Fund Options including Index Fund & Top 300 Fund<br /> <br />Twin Benefit of Market linked returns & insurance cover<br /> <br />Flexible product with an option to increase/decrease your premium and Sum Assured from 4th year onwards<br /> <br />Option to customize the product with a wide range of riders: <br />· SBI Life - Criti Care 13 Rider (UIN: 111A018V01)<br />· SBI Life - Accidental Death Benefit Linked Rider (UIN: 111A019V01),<br />· SBI Life - Premium Payor Waiver Benefit Rider (UIN: 111A017V01)<br />· SBI Life - Income Sustainer Rider (UIN: 111A020V01).<br /> <br /> <br /> Product Snapshot<br /><a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgy9e7ZIPcXBPJSqAFS6KrBQebCFfqK47NKyLqkOtFeFXXZ6n2QXIWFNob68dCyt8ljdBHAEwjIXf3oQac04BJabUaqzwSNNelmCN0f0wIKGcNb5gZYjXx_-RTd1rnAon16Xy5S_8NA8tnJ/s1600/SBI+Life+%E2%80%93+Unit+Plus+III.JPG"><img style="float:left; margin:0 10px 10px 0;cursor:pointer; cursor:hand;width: 320px; height: 275px;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgy9e7ZIPcXBPJSqAFS6KrBQebCFfqK47NKyLqkOtFeFXXZ6n2QXIWFNob68dCyt8ljdBHAEwjIXf3oQac04BJabUaqzwSNNelmCN0f0wIKGcNb5gZYjXx_-RTd1rnAon16Xy5S_8NA8tnJ/s320/SBI+Life+%E2%80%93+Unit+Plus+III.JPG" border="0" alt=""id="BLOGGER_PHOTO_ID_5478158458207183938" /></a> <span style="font-weight:bold;">Please click on the snapshot for better reading veiw</span>INARC_CREATIONhttp://www.blogger.com/profile/12626466371375742152noreply@blogger.com0tag:blogger.com,1999:blog-5895142481406280612.post-15231799360495384262010-04-30T22:04:00.001+05:302010-06-02T18:39:29.951+05:30SBI Life – Maha Anand II<a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjpN8ZEA3BIpbAox-oLtqjSCxIvtK916xFkBGKaxTNCDTu-WaA_XzKSCXokops3nsJUtgMem1wQU9YvJBNojWx4flZwrQfiNCYeu1oooYwy7dev53PoG74iBlqnckJht0Xk-ZlGSb9DwiRg/s1600/sbi.jpg"><img style="float:left; margin:0 10px 10px 0;cursor:pointer; cursor:hand;width: 130px; height: 50px;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjpN8ZEA3BIpbAox-oLtqjSCxIvtK916xFkBGKaxTNCDTu-WaA_XzKSCXokops3nsJUtgMem1wQU9YvJBNojWx4flZwrQfiNCYeu1oooYwy7dev53PoG74iBlqnckJht0Xk-ZlGSb9DwiRg/s320/sbi.jpg" border="0" alt=""id="BLOGGER_PHOTO_ID_5465969938860589986" /></a><br /> Introduction:<br />SBI Life – Maha Anand II is a unique product created just for you, which provides you insurance cover without any medicals. With a wide array of funds, allows you to manage your investments according to your risk appetite thereby giving you the power to realise market related returns on your policy.<br /> <br />Features of SBI Life – Maha Anand II:<br /> <br /> <br />It’s simple to own a Maha Anand II policy, no medical examination <br /> <br /> Guaranteed Additions of upto 90% of annualized premium<br /> <br /> Twin Benefit of Market linked returns & insurance cover<br /> <br />Option to avail of additional rider benefit under SBI Life - Accidental Death Benefit Linked Rider (UIN: 111A019V01)<br /> <br />4 fund options to enjoy market related returns as per your risk appetite<br /> <br />Facility to make Top up payments, to boost your investment<br /> <br /> Liquidity through partial withdrawals<br /> <br />Enhanced Value at optimal costs<br /> <br />Product Snapshot:<br /><a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi-1LBKjjH47tCzAb3zSJXVPWs9_u5G2lLQEFKvOmPFFaMYX_CGeG1GLWgZJYV-2w9ZiU-t6TmVkux_kj_dr_ZP65ZIJG0eZea0720Ueg0sKHoCjh0d9srlcMvfCj2QL_KjgAcTqvQTzjxG/s1600/SBI+Life+%E2%80%93+Maha+Anand+II.JPG"><img style="float:left; margin:0 10px 10px 0;cursor:pointer; cursor:hand;width: 320px; height: 257px;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi-1LBKjjH47tCzAb3zSJXVPWs9_u5G2lLQEFKvOmPFFaMYX_CGeG1GLWgZJYV-2w9ZiU-t6TmVkux_kj_dr_ZP65ZIJG0eZea0720Ueg0sKHoCjh0d9srlcMvfCj2QL_KjgAcTqvQTzjxG/s320/SBI+Life+%E2%80%93+Maha+Anand+II.JPG" border="0" alt=""id="BLOGGER_PHOTO_ID_5478162184400340530" /></a><span style="font-weight:bold;"> Please click on the snapshot for a better view</span><br />* All the references to age are age as on last birthday.<br /># Subject to change in the tax laws. Please consult your Tax advisor for details.<br /> <br />Benefits: <br /> <br /> Maturity Benefit: On completion of policy term, Fund Value will be paid.<br /> <br />Death Benefit: Higher of Fund Value or Sum Assured is paid in case of an unfortunate event of death.<br /> <br /> Rider Benefits: <br />- Accidental Death Benefit Linked Rider: Provides an additional benefit in unfortunate event of death occurring as a result of an accident.INARC_CREATIONhttp://www.blogger.com/profile/12626466371375742152noreply@blogger.com0tag:blogger.com,1999:blog-5895142481406280612.post-74205896812483648752010-04-30T22:03:00.001+05:302010-06-02T18:45:01.094+05:30SBI Life – Horizon III<a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg6NICjp_ca2JtNMMsrvepATk69GM_51pMdZ9I73_jT3PzO0LmJvW86YkIMD3o1_x7gjozStY_Ss9wmYqidntMeBNd36phdKljkbqp2nE4qOrFKcCez_Im6b0WVQyzkOn8ib8HawDFdnLd3/s1600/sbi.jpg"><img style="float:left; margin:0 10px 10px 0;cursor:pointer; cursor:hand;width: 130px; height: 50px;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg6NICjp_ca2JtNMMsrvepATk69GM_51pMdZ9I73_jT3PzO0LmJvW86YkIMD3o1_x7gjozStY_Ss9wmYqidntMeBNd36phdKljkbqp2nE4qOrFKcCez_Im6b0WVQyzkOn8ib8HawDFdnLd3/s320/sbi.jpg" border="0" alt=""id="BLOGGER_PHOTO_ID_5465969659323446962" /></a> <br /> Introduction:<br /> <br />SBI Life – Horizon III, is a dynamic and attractive non participating Unit Linked Insurance Plan. With Horizon III, we give you a hassle free way to get market linked returns through the unique feature of Automatic Asset Allocation, so you truly don’t need to be an expert to grow your money! Should you be keen on managing your money actively, we also give you the freedom to take charge of your investments.<br /> <br /> Features of SBI Life – Horizon III :<br /> <br />Hassle free investment management by way of Automatic Asset Allocation where SBI Life through its proven investment expertise manages your investments on your behalf.<br /> <br />If you believe in managing your Investments actively, you can choose between 4 diverse fund options at your disposal.<br /> <br />You can also enjoy the best of both worlds, through a combination of Automatic Asset Allocation and Active Fund Management option.<br /> <br />No Premium Allocation Charge from 6th year onwards, thereby enhancing your fund value.<br /> <br />Twin Benefit of Market linked returns and insurance cover.<br /> <br />Flexible product with an option to increase/decrease your premium and Sum Assured from 4th year onwards<br /> <br />Option to boost your investments through Top-ups.<br /> <br /> Switch facility and redirection facility to give you the power for active management of your investments<br /> <br />Option to customize the product with a wide range of riders - Criti Care 13 Rider (UIN: 111A018V01), Accidental Death Benefit Linked Rider (UIN: 111A019V01), Premium Payor Waiver Benefit Rider (UIN: 111A017V01) and Income Sustainer Rider (UIN: 111A020V01).<br /> <br />Product Snapshot:<br /><br /><a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgVoqmqs3Z86OXR60U-N1X1ej-0VFw6f6mVmf4Qz6ffGx3erbvmJ1Mw7ZChklX2k4SmnBWjLafjj3zAMctNzu7bE0OJcusotepgZu5oPgNgZqz847pHOBMcbYd_r9-mJPHvf10zoB_HIFs7/s1600/SBI+Life+%E2%80%93+Horizon+III.JPG"><img style="float:left; margin:0 10px 10px 0;cursor:pointer; cursor:hand;width: 320px; height: 257px;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgVoqmqs3Z86OXR60U-N1X1ej-0VFw6f6mVmf4Qz6ffGx3erbvmJ1Mw7ZChklX2k4SmnBWjLafjj3zAMctNzu7bE0OJcusotepgZu5oPgNgZqz847pHOBMcbYd_r9-mJPHvf10zoB_HIFs7/s320/SBI+Life+%E2%80%93+Horizon+III.JPG" border="0" alt=""id="BLOGGER_PHOTO_ID_5478163716819173330" /></a> <span style="font-weight:bold;">Please click on the snapshot for a better view</span> <br /> Benefits:<br /> Death Benefit:- Higher of the Fund Value or Sum Assured is payable. However for minor lives the risk commences from 7 years of age last birthday and on death before attainment of 7 years of age the fund value is payable.<br /> Maturity Benefit:- On survival of the life assured, the Fund value shall be paid. You have the option of taking the Fund Value as a Lump Sum or through the Settlement Option.<br /> Rider Benefits:<br /> Criti Care 13 Rider: Provides lump sum amount to take care of 13 Critical Illnesses which include Cancer, Coronary Artery Bypass Graft Surgery, Heart Attack, Heart Valve Surgery, Kidney Failure, Major Burns, Major Organ Transplant, Paralysis, Stroke, Surgery of Aorta, Coma, Motor Neurone Disease and Multiple Sclerosis<br /> Accidental Death Benefit Linked Rider: Provides additional death benefit if the death occurs as a result of an accident.<br /> Premium Payor Waiver Benefit Rider: In the event of the death of the Proposer, the cover for the Life Assured under the base policy continues and the future premiums under the base policy, payable during the rider term, will be paid by the Company.<br /> Income Sustainer Rider: Provides additional benefit in the case of death or in the case of Total & Permanent Disability due to Accident or Sickness, whichever is earlier. A 25% of income sustainer benefit sum assured is paid upfront and 1% of income sustainer benefit sum assured is paid monthly in arrears for 10 years or till the end of the base policy term (capped at a maximum of 30 years) whichever is higher.INARC_CREATIONhttp://www.blogger.com/profile/12626466371375742152noreply@blogger.com0