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Life Insurance In India

Discussion in 'Money Matters' started by manjur, Nov 19, 2008.

  1. manjur

    manjur Senior IL'ite

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    insurance plans

    hi friends,


    i am a house wife and i am getting some money as house rent every month. i want to know some insurance scheme that i can take .
    there are lot of plans like lic , reliance, icici prudential etc. i am confused . could anyone please suggest from what you have already taken.


    manju
     
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  2. sdevrn

    sdevrn New IL'ite

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    Re: insurance plans

    Please check up wheather you have any mediclaim policy/Health insurance to cover your family from any unforeseen hospitalisation expenses.
    Your family’s health needs always arrive unannounced.
    Let it be your spouse or children, hospitalization can happen at different times and the extent of health needs always vary.
    Definitely all this can put you to undue stress and financial strain. Not anymore! For now Family Health Optima policy that optimizes your resources to meet every kind of health emergencies. What’s more, it’s a single premium policy that covers your entire family’s health needs, which means no more multiple premiums and multiplied worries only peace of mind.

    A small premium paid annually and renewing the policy will save you from financial worry during the time of crisis.
    policy cover from 1 lac to 5 lac available. premium depends upo the highest age of the family member. for a family consists 2 adult and 2 children highest age of the family member is presumed around 36 to 45 years, premium may come around 22275 for 1 lac cover , 4129 for 2 lac cover. like that.

    It is always best to have
    1. Medlclaim/Health Insurance
    2. Personal accident insurance
    3. Life insurance
    and other investment avenues are more.
     
  3. sangoo4u

    sangoo4u New IL'ite

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    Re: insurance plans

    Hi,
    It is gud that u r planning for insurance. The first thing u have to do is discuss ur needs with a financial consultant who can give u the best advice and best service at a later stage. I can help u very well. Contact me for further details

    Regards,
    Lalitha.G
     
  4. chituapr

    chituapr New IL'ite

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    Re: insurance plans

    hi,
    Good you are planning to invest in insurance..

    If you are not planning not to touch that money for more than three years then only go for insurance. Otherwise its not worth it..

    The leading ULIP insurance providers are ICICI and Birla Sunlife. Check out their ULIP products. I think so Birla gives guaranteed return.

    Choose for a maximiser option so that your money will grow....
     
  5. manjur

    manjur Senior IL'ite

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    Re: insurance plans

    hi friends,

    thank you for giving your valuable suggestions. i checked with ICICI and BIRLA.
    i will choose one of this.



    manju
     
  6. kuttimayil

    kuttimayil New IL'ite

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    Re: insurance plans

    dear friends,

    Good Day to all of u. I was totally busy with my insurance business. That's why I couldn't post anything useful to my dear IL members. sorry about that.

    As I was looking at this page, I thought it's relevant for me to post this msg for your perusal.

    I have a good start-up with Bajaj Allianz insurance now by investing in Insurance. My chances of earning the income has doubled as I have taken two insurance policies.

    Bajaj Allianz has now a business partner called Team Life Care co.P.Ltd, which has branches all over India and Dubai too. Pl.visit www.tlcnet.in for having a look at their current offers for taking an insurance in our own name. Believe me or not, I am going to get a G7 laptop soon.

    This TLC co. is sharing the commission they earn from Bajaj with its customers, that's the real thing happening. No cheating, no escaping, etc. with money. Pl. read below some of the details:-

    Premium to be paid - Rs.25,000/- p.a. for 3 years.
    life covered - 20-40 years : for 20 years;40-60 years: for 10 years

    After 3 years of payment, we can partially withdraw from the premium amount, and after 6 years, we get double the amount of premium paid.
    does that sound great? not only this but also we get referral income for our lifetime when each member joins under us. for the above policy we get 9 months x Rs.1000 =9000 + Rs.1,800/- so 10,800/-per pair joined. when we get 6 people under us, we get a new G7 laptop worth Rs.32,000/- absolutely free.

    Great? Pl. PM me if u r really interested. It's very simple and fast. no need to worry. I am based in Saudi and having more customers here. Anywhere u live, u get the forms and get the policy in India.

    thanks in advance,
    uma.
     
  7. goodu

    goodu New IL'ite

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    Safe and secure life insurance from icici.........

    Hi Mates,

    The best way to start is to design an investment plan to suit your individual circumstances and regularly monitor the same. As you begin and travel on your financial expressway, these ten lessons should ensure that you remain on track and keep achieving your financial goals on the way. Define your starting point – What are: Your resources? Your risk tolerance? Your time horizon? Your goals? Risk is inevitable – Manage it Once you decide to put your money to build long-term wealth, you have to decide, not whether to take risk, but what kind of risk you wish to take. Determining your risk appetite involves measuring the impact of a loss on your financial health - and mental well being too. Money in a savings account is safe. But inflation will erode its’ value, a risk that would almost ensure your failure to reach your goal of long-term wealth. On the other hand, investment in stock market may be risky over the short-term, but should provide consistent and remarkable growth over the long term. Start early – Benefit from compounding There is no truth to statements like ‘I am too young to start saving’. For example, if you want to be crorepati by 45, you would need to invest only Rs.1.6 lakh per year if you start at the age of 25 (assuming 10% returns p.a.). But if you start at the age of 35 you will need to invest Rs.5.7 lakh per year to achieve your ‘crorepati at 45’ objective. If you start saving and investing early, it will set the stage for significant financial growth later in your life. Have realistic expectations – Greed is bad Most people invest in stocks and expect them to double in quick time. If you want to double your money, either buy a lottery or go to a casino (but be prepared to lose everything). Stock market is not gambling. The market is ultimately a reflection of economic growth. As such one needs to align one’s expectation of returns in line with the expected GDP growth. Compare the performance of your portfolio with relevant benchmark indices and develop realistic expectations. Expecting unreasonable returns will surely cause disappointment, leading to excessive risk-taking. Invest regularly – Use time not timing Market timing is impossible. You may be lucky once or twice but history has not produced a single investor who has made money regularly by timing the market. Don’t panic when the market is dropping and don’t become greedy when prices are rising. Emotions can be the greatest enemy to your long-term investment plan. History has shown that when most investors are selling, you may have been better off buying. Stay Invested – Be a marathon runner The markets have seen lots of ups and downs, but history shows that over time the value of a well-diversified portfolio will increase. That’s because prices don't rise every day – they spurt only during a few short intervals of time. Stay invested for longer periods. It will keep you from making common mistakes such as timing the market, picking bad stocks, speculating on stocks that are worthless, investing on borrowed money, trying to make a killing in some fad-of-the-day stock, etc. The reason most people don't get rich with stocks is that they don’t stay in long enough. Don't churn your investments – It only increases costs Don’t buy stocks. Buy businesses and that too after due research. And since businesses generally don’t change fortunes overnight, there is no need to get in/out frequently as and when some short-term events play out in the market. Too-frequent trading cuts into the investment returns more than anything else. Remember that the only person who makes money in regular churning is your broker. Asset allocation – Each investment class is important Build a portfolio that is diversified among different types of investments. Because different sectors of the market move at different times in different patterns, asset allocation tends to reduce the risk of huge losses and improves the chances of stable returns. Lack of a well-diversified portfolio, would leave you vulnerable to fluctuations of a particular investment. However, remember not to over-diversify and own too many investment products – more so if the corpus is small – resulting in higher fees relative to the corpus size. Always seek to maintain a balance between the two. Sell your losers – Hold the winners Historically it is seen that investors book profits by selling the stocks, which have appreciated, but continue to hold onto stocks that have declined, in hopes of a bounce back. This one single fact has been the reason why most investors don’t get the true benefit of the markets. While it's important not to underestimate good stocks, it's equally important to be realistic about investments that are performing badly. Recognizing your losers is hard because it's also an acknowledgment of your mistake. But it's important that one should be honest and book a loss, else future losses may even be greater. In both cases, judge the companies on their merits according to your own research. You will never have a tenbagger if you simply sell everything that has say doubled or tripled. Hot tips usually burn your investments – A them Relying on so-called hot-tips from someone, be it your friend, broker, neighbor or anyone else, is akin to gambling. Sure, you may sometimes be lucky with tips, but they will never make you an informed investor, which is what you need to be to be successful in the long run. Focus on the future of the company whose stocks you plan to acquire and not on the share price or some hot news. If you’ve got some information, chances are that so have many others and so the information is already factored into the market price. Taxes are important - But not that important The primary goal of investing is long-term growth of your money through sound investment decisions. Tax implications are important, and you should always try to minimize taxes thereby maximizing your after-tax returns. But putting taxes above all else can often lead to poor decisions. For instance, people invest in insurance because it gives tax sops. But in the process they forgo opportunities of earning good returns and end-up compromising on the achievement of their financial objective. Keep the above rules in mind and chances are that you will more often than not turn your dreams into reality. for more clarification, please contact me. I'm from chennai....
    Ms.Nithya,

    110 Lakh Peoples trusted ICICI Prudential in INDIA is the corporation only one is now in the market to full fill the needs of corporate companies Employees Insurance, Investment & health covered plans with high benefits/returns for fewer investments. ICICI Prudential give the plans for Individual and Corporates and medium scale or firms to full fill there needs of risk cover and health cover.

    Only chennai peoples can contact me.. or any other clarifications...:thumbsup:yes::goodidea::exactly:
     
    Last edited: Aug 6, 2009
  8. sophia5rt

    sophia5rt New IL'ite

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    Re: insurance plans

    I have tried Bajaj Alliance for insurance and they are quite efficient. Maybe you could take a look at it - they have various schemes for different purposes.
     
  9. sreedevikan

    sreedevikan New IL'ite

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    Re: insurance plans

    hi iam in khobar wen i read ur plan abt ins iam interested can u explain more abt it ur nor clear
     
  10. princyjoshu

    princyjoshu New IL'ite

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    Re: insurance plans

    Thanks for sharing with us nice plans hope we can take any insurance,,,,
     

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