"Is LIC offer any Term Insurance Plans?" this is the common question which I face during my conversation with my clients when I recommend them to have Term Insurance Plan to cover their Life Risk. This is the situation we are facing due to lack of knowledge sharing and eagerness to sell the products … [Read more...]
Archives for April 2012
Revised (2012-13) interest rate of Employees Provident Fund (EPF)
Labour Minister confirmed that for current fiscal, interest on Employees Provident Fund is fixed at 8.5%. Previously for the years 2010-11 it was 9.5% and for 2011-12 it was 8.25%. So as was hope from all it is now 8.6% which is really beneficial to salaried class.But when you compare with … [Read more...]
How life insurance premium is calculated?
Today I want share with you basic knowledge about how your life insurance premium is calculated. I am mainly concentrating on Pure Risk Plans like Term Insurance. Premium is the payment made by you to Insurance company to cover your life risk. It consists of two factors. One is Pure Premium, which … [Read more...]
Part Time Advisers-Effect on your Investments
Previous week I came across two of my new clients portfolio for revision. They invested heavily in the products called Equity Mutual Funds and ULIPs. Both the investments are on the advise given by close adviser of them. But when you look at the current situation of portfolios they look pathetic in … [Read more...]
Child education-How well are you prepared?
Recently I came across news article about IIM fees for coming educational year. Shocking news is, fees of IIM tripled in just 3 years. So what will be condition of future if the same thing continue? Reason they are putting is "Cost of Infrastructure" and "Quota Reservations".Now let us look … [Read more...]
IT Return filing changes (1st April 2012)
Recently IT Department issued some changes related to IT Return submission effective from this FY. Let us look at the changes.1) An individual or Hindu Undivided Family (HUF), if his or its total income, or the total income in respect of which he is or it is assessable under the act during the … [Read more...]
NASSCOM’s Techie Health Plan
NASSCOM tied up with Oriental Insurance to provide health cover to the people who are working in IT Sector. Let us look at it's features. I expressed my views also on each feature.1) Insurance cover is upto Rs.3,00,000-Looks bit low2) It covers Self, Spouse and Children (Only 2 children and … [Read more...]
Mis-Selling in Insurance industry with example
One of my client recently got an interesting message about offer to invest in insurance plan and he forward the same message to me. When I looked at it, it looks like amazing plan to me. I will share that message with you all, except the contact number they provided.BAJAJ UGADI OFFERINVEST … [Read more...]