Tuesday 27 October 2015

Policy Seller: Do You Really Need Life Insurance?

Policy Seller: Do You Really Need Life Insurance?: Do You Really Need Life Insurance?  Life coverage is one of those unthinkable subjects for typical, easygoing or well disposed discu...
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Do You Really Need Life Insurance?

Do You Really Need Life Insurance? 

Life coverage is one of those unthinkable subjects for typical, easygoing or well disposed discussion. At whatever point individuals, be that as it may, add to an existence debilitating ailment, have a nearby experience with another vehicle on the roadway, or generally wind up in a circumstance where they are prone to be evaluated or declined by an insurance agency, they all of a sudden add to a craving for a decent extra security approachhttp://policyseller.in/
 To acknowledge a job well done, there are some insightfully restrained individuals who give their portfolios standard survey and verify they have satisfactory scope at all times. 

I need such a great amount for all individuals to think like the taught ones. In my profession as a life coverage specialists I twisted in reverse to induce such individuals to stay up with the latest. I have seen the distinction between a sufficiently protected provider at death, and one who scarcely had enough extra security to cover him. The last circumstance is entirely excruciating to watch. 

I, in this manner, think it is basic that everybody set aside an ideal opportunity to assess and comprehend what extra security truly can do. Make this inquiry, "do I require life coverage and why do I require it." 

In the event that somebody, be it your wife, your kids or your business accomplice, rely on upon you in any capacity that can be seen as a money related reliance, then you require life coverage. On account of unexpected passing your family will require cash to pay your last costs, such as extraordinary bills, burial service costs, lawyer's charges, hospital expenses and bequest charges. The representative will require disaster protection to subsidize a "purchase offer" understanding, to pay off extraordinary obligation, or may be to stay with the above water while they discover a trade for a perished important worker. 

I beg you to take a gander at the accompanying circumstances which will offer you some assistance with deciding regardless of whether you require disaster protection. So simply attempt to unwind and unbiasedly as you can assess the circumstance for yourself. 

One Parent Only Working 

The most pulverizing circumstance happens when one guardian works and alternate stays at home. Should the working guardian bite the dust during an era when there are lacking assets for the survivors to keep living in the way to which they have ended up usual, then they may need to offer the house. The solaces which they had delighted in for a considerable length of time would absolutely change. The insignificant necessity is adequate assets which would permit the survivors to modify their way of life. 

The perfect circumstance is to have adequate assets which would permit the surviving guardian not to work by any means, amid the developmental years of the youngsters. They can live in the same house, they can proceed in the same school, and when the time comes to enter school, they go to the school of their decision. 

A decent protection arrangement is an astounding instrument that you can use to deal with these things. 

Both Parents Working 

In todays world, in many families, both folks work and share the costs. In the event that one guardian ought to rashly pass on, would the wage earned by the surviving guardian be adequate for the family to live on? Most likely not. In reckoning of that probability an asset could be set up, through an Insurance arrangement, to supplant, absolutely or to some degree, the expired folks wage. 

Single Parent 

On account of a solitary parent, all the money related obligations regarding the family may lay on his or her shoulders. In the event that that folks kicked the bucket while the kids are still in school, by what method will the youngsters survive? 

Organization Or Corporation 

Give us a chance to take a gander at the circumstance where you possess your own particular business. You have one accomplice or a few accomplices. One accomplice kicks the bucket. Is it not reasonable that the surviving accomplices ought to possess the business and the expired accomplices family get full esteem for his or her stock? Satisfactory Insurance scope can deal with this outcome too. 

It might be alluring by all gatherings worried that the recipient of the perished accomplice turn into a full and dynamic accomplice, if this is the circumstance then the assets can be utilized as a pad while the new accomplice or shareholder takes in the business and changes with his or her new part. 
ey Employee 
A few workers are hard to supplant. It may require some investment to get a substitution up to the creation level of your long time, very much prepared and exceptionally productive worker. On the off chance that your business depends an extraordinary arrangement on a specific key representative, would it not be savvy to guarantee that worker on the off chance that he or she ought to bite the dust abruptly? The organization would get the passing advantage for this situation, and the cash would be utilized to stay with the above water, while a substitution is discovered and prepared.


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Policy Seller: Life Insurance: 6 Good Things To Know ?We know t...

Policy Seller: Life Insurance: 6 Good Things To Know ?

We know t...: Life Insurance: 6 Good Things To Know ? We know the significance of disaster protection as we need to ensure that our friends an...
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Life Insurance: 6 Good Things To Know ?



We know the significance of disaster protection as we need to ensure that our friends and family are dealt with when we kick the bucket. In any case, do some exploration so you'll make sure to get the most ideal scope at the right cost. Here are some useful tips: 

1. Look for your extra security scope 

2. Never purchase more scope than you require 

3. Purchase within the near future 

4. Understand the significance of checking on your scope 

5. You will be paying so as to pay more month to month 

6. Try not to depend singularly on the extra security offered by your manager 


With regards to extra security, it pays to look around in light of the fact that premiums can shift broadly. What's more, on account of the Internet, it's presently less demanding than ever.Make beyond any doubt the site considers the elements in your medicinal history that can influence the premiums. 


The way to acquiring the appropriate measure of extra security is to have enough to address your issues. It's imperative not to have too little scope as it is hard to buy on the off chance that you become ill. 

The more beneficial you are, the better the disaster protection rates 

Sound individuals show signs of improvement rates on disaster protection. You will be requested that pay a higher rate in the event that you smoke, take meds frequently, are overweight or have an awful driving record. 


In the event that you've been putting off acquiring disaster protection on the grounds that you would prefer not to pay the premiums, you may be doing yourself an insult over the long haul. On the off chance that you are healthy, purchase it now. 


You'll need to verify that a noteworthy life occasion, for example, the conception of a youngster, marriage, separation or maybe that the kids are developed won't abandon you underinsured or overinsured. 


You will be paying more for your extra security in the event that you pay your premium in regularly scheduled payments. 


Try not to depend singularly on the life coverage offered by your manager 

Numerous businesses offer their representatives some kind of gathering life coverage. Be that as it may, this measure of scope is generally insufficient and bunch extra security arrangements are not compact, implying that on the off chance that you leave your occupation, you can't take your life coverage scope with you.
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Wednesday 14 October 2015


 Life Insurance is the fastest growing sector in India since 2000 as Government allowed Private players and FDI up to 26% and recently Cabinet approved a proposal to increase it to 49%. Life Insurance in India was nationalised by incorporating Life Insurance Corporation (LIC) in 1956. All private life insurance companies at that time were taken over by LIC.
In 1993, the Government of India appointed RN Malhotra Committee to lay down a road map for privatisation of the life insurance sector.
While the committee submitted its report in 1994, it took another six years before the enabling legislation was passed in the year 2000, legislation amending the Insurance Act of 1938 and legislating the Insurance Regulatory and Development Authority Act of 2000. The same year the newly appointed insurance regulator - Insurance Regulatory and Development Authority IRDA started issuing licenses to private life insurers.

Types of Life Insurance in India

Life insurance products come in a variety of offerings catering to the investment needs and objectives of different kinds of investors. Following is the list of broad categories of life insurance products:

Term Insurance Policies

The basic premise of a term insurance policy is to secure the immediate needs of nominees or beneficiaries in the event of sudden or unfortunate demise of the policy holder. The policy holder does not get any monetary benefit at the end of the policy term except for the tax benefits he or she can choose to avail of throughout the tenure of the policy. In the event of death of the policy holder, the sum assured is paid to his or her beneficiaries. Term insurance policies are also relatively cheap to acquire compared to other insurance products.

Money-back Policies

Money back policies are basically an extension of endowment plans wherein the policy holder receives a fixed amount at specific intervals throughout the duration of the policy. In the event of the unfortunate death of the policy holder, the full sum assured is paid to the beneficiaries. The terms again might slightly vary from one insurance company to another.

Unit-linked Investment Policies (ULIP)

Main article: Unit-linked insurance plan
Unit linked insurance policies again belong to the insurance-cum-investment category where one gets to enjoy the benefits of both insurance and investment. While a part of the monthly premium pay-out goes towards the insurance cover, the remaining money is invested in various types of funds that invest in debt and equity instruments. ULIP plans are more or less similar in comparison to mutual funds except for the difference that ULIPs offer the additional benefit of insurance.

Pension Policies

Pension policies let individuals determine a fixed stream of income post retirement. This basically is a retirement planning investment scheme where the sum assured or the monthly pay-out after retirement entirely depends on the capital invested, the investment timeframe, and the age at which one wishes to retire. There are again several types of pension plans that cater to different investment needs. Now it is recognized as insurance product and being regulated by IRDA.

List of Life Insurers (as of June 2014)

Apart from Life Insurance Corporation, the public sector life insurer, there are 23 other private sector life insurers, most of them joint ventures between Indian groups and global insurance giants.
Life Insurer in Public Sector
  1. Life Insurance Corporation of India
  2. Postal Life Insurance
  3. Employees' State Insurance
Life Insurers in Private Sector
  1. SBI Life Insurance
  2. PNB Metlife India Life Insurance
  3. ICICI Prudential Life Insurance
  4. Bajaj Allianz Life
  5. Max Life Insurance
  6. Sahara Life Insurance
  7. Tata AIG Life
  8. HDFC Life
  9. Birla Sun Life Insurance
  10. Kotak Life Insurance
  11. IndiaFirst Life Insurance
  12. Aviva Life Insurance
  13. Reliance Life Insurance Company Limited - Formerly known as AMP Sanmar LIC
  14. Exide Life Insurance - Formerly known as ING Vysya Life Insurance
  15. Shriram Life Insurance
  16. Bharti AXA Life Insurance Co Ltd.
  17. Future Generali Life Insurance Co Ltd
  18. IDBI Federal Life Insurance
  19. AEGON Religare Life Insurance
  20. DHFL Pramerica Life Insurance - Formerly known as DLF Pramerica Life Insurance
  21. CANARA HSBC Oriental Bank of Commerce
  22. Star Union Dia-ichi Life Insurance Co. Ltd
  23. Edelweiss Tokio Life Insurance Company Ltd.

Foreign Direct Investment (FDI) Policy in Insurance Sector

As per the current (March 2006) FDI norms, foreign participation in an Indian insurance company is restricted to 26.0% of its equity / ordinary share capital. The Insurance Regulator has stipulated that foreign investment in Indian Insurance companies be limited to 26% of total equity issued (FDI limit) with the balance being funded by Indian promoter entities. The limit to foreign investment includes both direct and indirect investment and has been a cause of significant lobbying by foreign insurance companies for a change in regulations to increase the FDI limit to 49% of equity issued. Recently,In the Fiscal Budget of Modi Government of 2014-15 it has introduced 49.0% FDI which will bring in more investments in Insurance Sector.
The Indian government has supported an increase in the FDI limit, which requires a change in the Insurance Act. The Union Budget for fiscal 2005 had recommended that the ceiling on foreign holding be increased to 49.0%.
A change in the Insurance Act requires a passage of the bill in both houses of Parliament. The Indian government has tabled the bill in the Upper House of Parliament in August 2010.

Initial Public Offer (IPO) rules for Indian Life Insurance Companies[edit]

A key piece of legislation impacting on the Life Insurance industries capital raising abilities is the lock-in period of 10 years for investment to be limited to promoter group equity investments. Under the Insurance Guidelines, Indian Life Insurance companies can opt for a public issue of equity through an Initial Public Offer (IPO) after 10 years of operations.
In October 2010, the securities market regulator, Securities and Exchange Board of India (SEBI), issued disclosure norms for Indian Life Insurance Companies seeking to make an initial public offer for sale of equity shares to the public.

Indian life insurance industry overview

All life insurance companies in India have to comply with the strict regulations laid out by Insurance Regulatory and Development Authority of India (IRDAI).
Life Insurance Corporation of India (LIC), the state owned behemoth, remains by far the largest player in the market. The private companies have come out with products called ULIPs (Unit Linked Investment Plans) which offer both life cover as well as scope for savings or investment options as the customer desires. These type of plans are subject to a minimum lock-in period of three years to prevent misuse of the significant tax benefits offered to such plans under the Income Tax Act. Comparison of such products with mutual funds would be erroneous.
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Thursday 8 October 2015

Policy Seller:  WHYHEALTH INSURANCELife is a surprise package of...

Policy Seller:
 WHYHEALTH INSURANCELife is a surprise package of...:  WHYHEALTH INSURANCE Life is a surprise package of joys, happiness, challenges and setbacks. Sudden illness, accidental injuries an...
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 WHYHEALTH INSURANCE
Life is a surprise package of joys, happiness, challenges and setbacks. Sudden illness, accidental injuries and medical emergencies can throw us off guard anytime. While they drain us emotionally, owing to the soaring prices of medical services, the hospitalization and medicinal expenses can burn a big hole in your pocket. A good health insurance policy is mandatory to combat these tough times as it covers you and your loved ones completely against sudden financial burden caused by medical emergencies. Having a good health insurance plan ensures an immense peace of mind and assurance that you can focus on the healing and recuperation of your loved ones, instead of financial worries.

WHY POLICY SELLER HEALTH INSURANCE
Individual health insurance in India can be availed by any individual resident between the ages of 18 to 65 to undergo treatment in India. Policyseller is a comprehensive health coverage that takes care of your expenses related to hospitalization and domiciliary so that all your financial burdens are covered during a sudden medical emergency. Buying a health policy at Policyselleris extremely convenient now as you can acquire a hassle free online health insurance plan from Policyseller website.

KEY FEATURES OF POLICY SELLER PLANS
Here are the special elements of our medical insurance plan:
Double coverage for accidents and critical illness on selected health plans (on selected health Plans)
Cover for Domiciliary hospitalization
Lifetime coverage
Cashless hospitalization at 4300+ hospitals across India
Cover for 140+ Day-care procedures
Pre and post hospitalization expenses
20 main critical illnesses covered (on selected health plans)
Unlimited room rent (on selected health plans)
Lifetime renewal
Tax benefit under section 80 (D)
24x7 claim assistance and easy claim settlement
Why Choose Health Insurance by Policy seller?
Medical insurance from Policy seller provides you the following benefits:
Cashless treatment - We provide you a network of hospitals, where you can avail cashless treatment facilities.
Pre and post hospitalization - We pay for your pre and post hospitalization charges, up to 30 days prior to hospitalization & up to 60 days after discharge from hospital.
Ambulance charges - In case of any medical emergency, ambulance charges as listed in the policy shall be payable.

Cumulative Bonus - If no claims are made on your health cover in a particular year, you will be entitled for special benefits through an increment in the sum insured when you renew the policy the following year.

Free medical check up - A history of no claims is rewarded with a free medical check up.
Tax benefits - When you pay the premium for your health insurance policy, you are liable to get a tax rebate under section 80D of the Income Tax Act for a maximum value of Rs.15,000 for normal and Rs. 20,000 for senior citizens.

Co-payment - If you wish to reduce the premium amount, you can opt for voluntary deductibles mentioned in the policy. This means that some amount will be paid by the insured for any treatment undertaken, while the rest will be paid by the insurer.


Critical illness - We will pay the insured person the sum insured as a lump sum if the insured is diagnosed as suffering from a critical illness listed in the policy.
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