All you should know about Pradhan Mantri Suraksha Bima Yojana and Pradhan Mantri Jeevan Jyoti Bima Yojana
Pradhan Mantri Suraksha Bima Yojana and Pradhan Mantri Jeevan Jyothi Bima Yojana details explained in this article. Prime Minister Narendra Modi launched these two schemes. Read about Atal Pension Yojana also. Our Prime Minister of India launched two schemes on 9th May 2015. These two schemes are not helpful to rich people. However, these two schemes will definitely helpful to others. One of these two schemes is a Life Insurance policy called as Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY). Another one is, Accidental Insurance policy called as Pradhan Mantri Suraksha Bima Yojana (PMSBY). Let’s the features of both these schemes. Pradhan Mantri …
Term Insurance – Why you should not buy 1 crore Policy?
People are asking me about life insurance requirement etc. One of the regular they ask is term insurance for 1 crore policy is a good idea or not. Why people always ask about 1 crore life term insurance. There seems to be some mental blocking. Here, in this article I will explain the reason behind this. Unable to Calculate the term insurance required… People really do not know the life insurance coverage that they need to take. I will explain in a simple way. There are two methods that planners like me will follow to advise life insurance requirement to …
Guaranteed Income or bonus- why this kind life insurance policies are bad?
Life Insurance companies use different kind of words to attract people so that they will buy plans from them. They use words like life insurance bonus, a terminal bonus in life insurance, life insurance with bonuses. In recent years they started plans which are offering guaranteed bonus policies to the policyholder. What Kind of Guaranteed return Plans that these companies are offering?… Companies sometimes offer some kind of plans with bonus till death. Example is LIC’s Jeevan Tarun policy. Example of Guaranteed bonus… A company is asking you to pay Rs.1,000 per year for 10 years, from 11th year to …
Insurance Planning -Why some times will fail in Life Insurance, Health insurance etc?
Sometimes Insurance planning will fail. People do take life insurance and health insurance etc to protect themselves from financial loss due to unexpected death or health issues etc. For this, they do Insurance Planning. Insurance planning also part of Financial Planning. Therefore, I have added this article in Financial Planning category. But sometimes this Insurance planning will fail. Recently I had a discussion with a Government Employee. He is working in Andhra Pradesh State Government. They have mandatory Department Life Insurance called APGLI. In the conversation, he said that If Life Insurance Policy of Lic or any private Life Insurance …
Lic Vs Postal Life Insurance- Which is best? (Telugu)
Do you know your Post Office also offers Postal Life Insurance(PLI) cover? Even if you know then there is a huge confusion among buyers like whether to buy with the Post Office or with Life Insurance Corporation of India(LIC), because the Government of India backs both. So, Let’s see which one best? What is Postal Life Insurance(PLI)? PLI (Postal Life Insurance) is exactly like any Life Insurance company, for example, LIC or SBI Life Insurance. Post office runs Postal Life Insurance. Postal Life Insurance currently offers only traditional policies. Therefore, no term insurance or ULIPs(unit-linked policies). Different types of policies …
MWP ACT IN LIFE INSURANCE-Benefits? (Telugu)
1) MWP Act DEATH CLAIM BENEFIT : Death Claim Benefit will be paid to wife and children(Life Insurance Nominee) if the life insurance policy was taken under MWP ACT. 2) MWP ACT NOMINEE? In this act endorsed policies wife and children will be nominees. 3) Lenders right over Death Benefit? Lenders can not claim the claim in the courts according to this act lenders cannot claim the amount received from this kind policies. Watch youtube video which I made about this ACT. Also, click this link to read How to do investment planning with the claim amount received by Nominee …
Life Insurance Death Claim- How to invest this Death Claim Amount? (Telugu)
Term Life Insurance covers pure risk only. Term Life Insurance has no bonus and maturity. People are looking for pure risk only these days. A Lic Employee called me over the phone recently. She is a regular visitor of my Paisa Health youtube channel. The Reason is there is a LIfe Insurance Death claim in her family. For Nominee Investing Death claim amount not known… Also, Read the article about EPF nomination benefits and rules… click here to read. What is her need? : Recently her cousin’s son was dead. His age is 30 years. He has a mother and …
Investment Future Value- How to Calculate it? (Telugu)
We all work and earn money for our daily household expenses. Then we will spend on household expenses, we try to do investment in the mutual fund, shares, real estate and Life insurance etc for our future Financial needs. Banks will print investment Future value on the deposit slip You may be thinking to buy a house or planning for child higher education etc. But before starting to do invest, it is always better to calculate the future value that you will get from your investment. When you deposit money in Bank Fixed Deposits, They will issue Deposit slip stating the maturity value. …
Life Insurance Planning- How much insurance you required under need-based method?
Life Insurance Planning is very important in Insurance Planning. There two methods that you can plan to take Life Insurance Policy. 1. Human Life Value or Income Replacement Method. 2. Need-based method. The life insurance coverage required you can calculate with any one of the methods. In the first place, you should know that life insurance and insurance should not be mixed(read this), and also term insurance is the only policy which is good to take in life insurance to protect dependants from financial loss. Soon I will write an article about the term life Insurance and its benefits. In addition, …
Human Life Value(hlv)- How to calculate in Life Insurance?(Telugu)
Life Insurance a must thing to every earning person in the family to protect their dependants in case of their absence. Moreover, Life Insurance protects Life Insured Dependants financially in his absence. There are a few methods available to calculate the amount of life Insurance needed. 1. Human Life Value Method or Income Replacement Method. Here, In this article, I will give an Excel template to Calculate Human Life Value(HLV) too. Read this article about LIC vs Postal Life Insurance. Click here to read. Want to invest in Shares, then read this article? Click this link to read. Need-Based Analysis or …
