Insurance guide

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Insurance guide

  1. 1. Money Simplified is back! www.PersonalFN.com
  2. 2. Guide to Insurance Planning and Protecting your Financial Future www.PersonalFN.com
  3. 3. www.PersonalFN.com Presented By
  4. 4. Index <ul><li>Introduction </li></ul><ul><li>How do you judge which insurance plan suits you? </li></ul><ul><li>How to select the right insurer? </li></ul><ul><li>How to select the right insurance advisor ? </li></ul><ul><li>Regulating the Regulator: SEBI guides IRDA </li></ul>www.PersonalFN.com
  5. 5. Introduction <ul><li>What is Insurance? </li></ul><ul><li>What is the need of Insurance ? </li></ul><ul><li>How much Insurance cover is required? </li></ul>www.PersonalFN.com
  6. 6. How do you judge which insurance plan suits you? <ul><li>Life Insurance </li></ul><ul><li>Term Insurance (Pure Insurance) </li></ul><ul><li>Endowment Policy (Savings based) </li></ul><ul><li>Money Back Policy (Savings based) </li></ul><ul><li>Unit Linked Insurance Plan (ULIP) </li></ul><ul><li>(Savings based, market linked) </li></ul><ul><li>General / Non-Life Insurance </li></ul>www.PersonalFN.com
  7. 7. How to select the right insurer? <ul><li>Promoter’s background </li></ul><ul><li>Number of years of existence </li></ul><ul><li>Financial Background </li></ul><ul><li>Claim Settlement Ratio (CSR) </li></ul><ul><li>Solvency Ratio </li></ul><ul><li>Profitability ratio </li></ul><ul><li>Reading the devil in the fine print </li></ul>www.PersonalFN.com
  8. 8. How to select the right insurance advisor ? <ul><li>Quality of knowledge </li></ul><ul><li>Quality of service </li></ul><ul><li>Multiple insurance companies </li></ul><ul><li>Location </li></ul>www.PersonalFN.com
  9. 9. Regulating the Regulator: SEBI guides IRDA <ul><li>Standard format of reporting monthly portfolio disclosure for ULIPs </li></ul><ul><li>Better disclosure of following important ratios in the public domain for decision making: </li></ul><ul><li>Claim Settlement Ratios </li></ul><ul><li>Solvency Ratios </li></ul><ul><li>Lucid disclosure of other financial statements such as profit & loss and Balance Sheet </li></ul><ul><li>Making the fonts of important terms and conditions legible </li></ul>www.PersonalFN.com
  10. 11. <ul><li>For all this and much more – Click here to Download </li></ul><ul><li>Money Simplified </li></ul>THANK YOU www.PersonalFN.com Your Wealth Tracker Track Your Income , Expenses,Gold , And Other Assets Know how much you require to insurance? Get a GRIP on your Financial Health. Take Financial Health Check Up Now ! Know how much you require to retire? PersonalFN Tools and Services Retirement Calculator Financial Health Check Up My Planner HLV Calculater

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