Number of visitors

Saturday, September 18, 2021

Tuesday, March 14, 2017

Is your LIC Policy is due for payment?



Is your LIC policy money back amount or Maturity amount is due for payment ?

Hurry up .....

Claim your money 💰
by Submitting

1) NEFT form ( http://www.licindia.in/getattachment/Bottom-Links/Download-Forms/Neft_Mandate_Form_format(1).pdf.aspx  )

2)Original Policy Bond

3) Discharge form (MC - http://www.licindia.in/Bottom-Links/Download-Forms/form_no_3825 )

and KYC documents in your policy servicing Branch


Thursday, June 9, 2016

Friday, September 13, 2013

Important factors to keep in mind while buying a child insurance plan





Selecting an insurance policy for children is one of the best ways to secure their future. Child plans can take care of your child’s higher education and marriage expenses. In the event of demise of the main breadwinner, a child plan will take care of the child's future. It is equally important to select the right policy that gives you maximum benefit.
Few important factors which you need to keep in mind while buying a child insurance plan:
Maturity benefit: Children’s insurance plans are designed in such a manner that your child is protected financially at every important stage of his life. Most often, the maturity of child plans is around a specific stage of a child’s life. Most child insurance plans will offer a maturity period which is related to your child’s age, for instance, when he child turns 18, 21 or 24 years.
Adequate protection: The most important benefit of buying a child insurance plan is to protect your child in case of an unfortunate event. A good insurance policy covering your children’s financial needs can take care of their welfare even in case of your absence.
Premium waiver benefit: In case of death of the provider, premium waiver benefit allows continuation of the plan without the burden of further premium payments.
Thus choosing a comprehensive child insurance policy that provides maximum benefits will not only ensure that all your child’s needs are met, but also that his future is financially secure even if you are no longer around.

Wednesday, August 21, 2013

Why it makes sense to start investment planning early?


Sachin is a 22 year old software engineer with a good job and a handsome salary. He was recently advised by his financial advisor about the benefits of investing early in life. He wants to invest in a good plan, but at the same time he also feels that delaying it by a few years would not make a big difference as he has just started his career. Through this article let us try to understand the benefits of early investing. Investment can be defined as the action or process of investing money for profit. Advantages of investing at a young age: 1. Advantage of time on your side - This is the most important benefit. By investing at a young age, you are able to save more money to invest and for a longer time period resulting in a higher benefits. 2. Benefit of compounding returns - According to Albert Einstein, compound interest is the greatest mathematical discovery of all time. The wonder of compounding transforms your working money into a highly powerful income-generating tool. Compounding is the process of generating earnings on an asset's reinvested earnings. To work, it requires two things: the re-investment of earnings and time. The more time you give your investments, the more you are able to accelerate the income potential of your original investment, which takes the pressure off of you. 3. Better financial security - The earlier you begin investing, the better your personal financial situation will be in future. As compared to people who chose to invest later in life, you will be able to afford things that others can’t.
4. Less responsibilities – When you are young and single you have less number of responsibilities as compared to when you are married and have children. So when you start early you have more funds to invest.
5. Money for emergencies: By investing early, you would have a comfortable backup which you can use in case of emergencies.

Saturday, August 3, 2013

Are you an NRI? Why life insurance is important for you?


Working in a foreign country, whose currency has a higher exchange rate, offers the advantage of higher savings when the money earned there is remitted to India. At the same time there could be disadvantages such as uncertain economic conditions which result in recessions and job layoffs. We all know what happened in USA post 9/11. Many people lost their jobs. A similar situation was again repeated during 2007-2008, not just in USA, but across the world. Many Indians working in the Gulf were left with no option but to comeback to India.
Hence it is important to have an adequate financial plan in place to provide for long-term security and achieve financial goals for you and your dependents.
Listed below are some questions which will help you to analyze your requirements for life insurance.
Do you wish to settle in India after retirement?
Do you have dependent parents?
Do you have dependent children?
Do you have long term financial goals?
If the answers to the above questions are yes, adequate life insurance is a must for you. Besides financially securing your dependents, adequate life insurance can also create a provision for your retirement. Over a period of time, your life insurance policy will build up a substantial cash value can come in handy in case of unforeseen circumstances such as loss of job due to recession. LIC offers a variety of insurance plans which can help you to fulfill your long term financial goals. If you still do not have adequate life insurance it is just the right time to get in touch with  us and buy adequate life insurance.

Wednesday, July 24, 2013

There is difference between depositing money to bank and insurance companies.


It is a real experience. Lesson from this experience is we should not be late in paying insurance premium. One of my customer has delayed in paying insurance premium. He did not care as he is ready to pay the late fee. Meanwhile he unfortunately died. His wife the nominee did not get anything!!
As customer  not paid the premium within grace period, (that too in first continuous two years) nothing is due from insurance company!. So kindly take care on this, as there is difference between depositing  money to bank and insurance companies.