This document discusses various types of life insurance policies including money back policies, annuities and pensions, unit linked policies, and Jeevan Sathi policies. Money back policies provide survival benefits at regular intervals and a death benefit. Annuities and pensions provide regular income in retirement. Unit linked policies allow investment flexibility and tax benefits. Jeevan Sathi is a joint life policy that provides benefits upon the death of either partner or a maturity payout if both partners survive to the end of the policy term.
All you need to know about money back policy is described smartly. Don't forget, money is the mirror that reflects our personal strength & weakness with amazing clarity, Build it strong...Be smart, have some money backup plan for your life.
All you need to know about money back policy is described smartly. Don't forget, money is the mirror that reflects our personal strength & weakness with amazing clarity, Build it strong...Be smart, have some money backup plan for your life.
Types of Life Insurance Policies Available in IndiaMyMoneyMantra
Life Insurance policy- Different types of life insurance Plans explained like Risk, Benefits of Term Plan, Whole life Plan, Endowment Plan, ULIP Plans, Money Back Policy, Child Policy & Annuity Plan available in India.
As part of our Investor education initiative, HDFC MF has sponsored a booklet on 'Plan Your Child's Education' which was printed and published with the current issue (December 30, 2013) of Outlook magazine.
Helps customer find the best policy according to their suitable needs
Features,pros,cons and suitability of various policies are given :-
1. Term Policy
2. Whole Life Policy
3. Unit Linked Insurance Policy (ULIP)
4. Money Back Policy
5. Endowment Policy
presentation on a topic of "Life Insurance Products Available For An Individual"nibedita singh
Here, i have described about life insurance products of " Bajaz Allianz Life Insurance Company Ltd " and " Life Insurance Corporation OF India " which can be availed by all eligible individuals which includes
• I-SECURE INSURANCE PLAN
• MONEY BACK PLAN/CASH ASSURE
• PENSION PLAN
• ENDOWMENT PLAN
Life Insurance is a form of risk management primarily used to transfer the risk of uncertain loss.
It provides compensation for financial loss only not profit.
Life insurance is a protection against the RISK of financial loss that would result from the premature death of an insured. The named beneficiary receives the proceeds and is thereby safeguarded from the financial impact of the death of the insured. The death benefit is paid by a life insurer in consideration of premium payments made by the insured.
TYPES OF LIFE INSURANCE PLANS YOU MUST KNOW!Mezzybatliwala
https://www.exidelife.in - Life insurance is an investment that primarily secures the life of the investor, also called the policyholder. It provides a sum assured to the nominee of the insured person, in the event of death of the insured. The life insurance company provides financial assistance and stability to the family of the insured, in case of an unfortunate event. Life insurance is important to protect your loved ones from difficult situations arising from your untimely death.
ULIP - Buy High Return ULIP Policy Online in India | HDFC LifeLisaDavid26
Click2Wealth is a high return ULIP plan by HDFC Life which offers premium waiver benefit, tax benefits and whole life coverage with golden years benefit option. Buy Now!
Types of Life Insurance Policies Available in IndiaMyMoneyMantra
Life Insurance policy- Different types of life insurance Plans explained like Risk, Benefits of Term Plan, Whole life Plan, Endowment Plan, ULIP Plans, Money Back Policy, Child Policy & Annuity Plan available in India.
As part of our Investor education initiative, HDFC MF has sponsored a booklet on 'Plan Your Child's Education' which was printed and published with the current issue (December 30, 2013) of Outlook magazine.
Helps customer find the best policy according to their suitable needs
Features,pros,cons and suitability of various policies are given :-
1. Term Policy
2. Whole Life Policy
3. Unit Linked Insurance Policy (ULIP)
4. Money Back Policy
5. Endowment Policy
presentation on a topic of "Life Insurance Products Available For An Individual"nibedita singh
Here, i have described about life insurance products of " Bajaz Allianz Life Insurance Company Ltd " and " Life Insurance Corporation OF India " which can be availed by all eligible individuals which includes
• I-SECURE INSURANCE PLAN
• MONEY BACK PLAN/CASH ASSURE
• PENSION PLAN
• ENDOWMENT PLAN
Life Insurance is a form of risk management primarily used to transfer the risk of uncertain loss.
It provides compensation for financial loss only not profit.
Life insurance is a protection against the RISK of financial loss that would result from the premature death of an insured. The named beneficiary receives the proceeds and is thereby safeguarded from the financial impact of the death of the insured. The death benefit is paid by a life insurer in consideration of premium payments made by the insured.
TYPES OF LIFE INSURANCE PLANS YOU MUST KNOW!Mezzybatliwala
https://www.exidelife.in - Life insurance is an investment that primarily secures the life of the investor, also called the policyholder. It provides a sum assured to the nominee of the insured person, in the event of death of the insured. The life insurance company provides financial assistance and stability to the family of the insured, in case of an unfortunate event. Life insurance is important to protect your loved ones from difficult situations arising from your untimely death.
ULIP - Buy High Return ULIP Policy Online in India | HDFC LifeLisaDavid26
Click2Wealth is a high return ULIP plan by HDFC Life which offers premium waiver benefit, tax benefits and whole life coverage with golden years benefit option. Buy Now!
ULIP - Buy High Return ULIP Policy Online in India | HDFC LifeLisaDavid26
Click2Wealth is a high return ULIP plan by HDFC Life which offers premium waiver benefit, tax benefits and whole life coverage with golden years benefit option. Buy Now!
Universal Life Insurance - Protection that stays with youTim Mark
Universal life insurance is a type of permanent life insurance. This life insurance offers protection for your family and strategies for leaving a legacy to them. It can also help small business owners with continuation planning. If you have any insurance query, contact us at 65 9455 4295 Or Visit our office at 10 Ava Road, Singapore 329949.
Term Life InsuranceLife and Health Insurance FIN 3660Chapte.docxmehek4
Term Life Insurance
Life and Health Insurance FIN 3660
Chapter 5
Outline
Needs Met by Life Insurance
Personal Needs
Business Needs
Term Life Insurance
Characteristics of Term Life Insurance Products
Plans of Term Life Insurance Coverage
Features of Term Life Insurance Policies
2
Needs Met by Life Insurance
Personal Needs
Most common personal needs that life insurance can meet are:
Dependents’ support
Estate planning
Paying debts and final expenses
3
Dependents Support
Life insurance can provide funds to support the family members of a deceased loved one until they obtain new methods of support or until they adjust to living on a lower income.
The proceeds can also be used to supplement the family’s income.
In many jurisdictions, the beneficiary of a lump sum of money after the death of a loved one is usually not taxed on the money they receive.
4
Estate Planning
Estate- the accumulated assets an individual owns when he/she dies.
Will- a legal document that directs how the individual’s property is to be distributed after his death.
The executor is the person who is a personal representative of the person who has died with a valid will. (administrator if they person died without a valid will)
Estate Plan- considers the amount of assets and debts that he/she is likely to have when he/she dies and how best to preserve those assets so that they can be distributed as she desires.
Life insurance is an important part of the estate plan.
Can leave home to one child and life insurance policy to the other.
5
Debts and Final Expenses
A person’s death generally does not extinguish his/her debts.
In some cases the deceased estate isn’t large enough to pay his/her debts and final expenses.
If a life insurance policy is included in the estate plan, the proceeds can help pay those remaining debts.
6
Business needs
Two reasons for a business to purchase life insurance:
To provide funds to ensure that the business continues in the event of the death of an owner, partner, or other key person.
To provide benefits for its employees.
7
Business Continuation Insurance
An insurance plan designed to enable a business owner(s) to provide for the business’ continued operation if the owner or a key person dies.
Key Person Life Insurance- individual life insurance that a business purchases on the life of a key person.
The business owner is the beneficiary of the insurance policy if the person dies.
Buy-Sell Agreement- an agreement in which one party agrees to purchase the financial interest that a second party has in a business following the second party’s death and the second party agrees to direct his estate to sell his interest in the business to the purchasing party.
8
Characteristics of Term Life Insurance Products
Provides a death benefit only is the insured dies during the period specified in the policy.
The length of the policy term varies considerably from one policy to another.
Another common type of term life insurance cover the insured un ...
Planning for the old age when the ability to earn diminishes while the expenses to live a dignified and healthy life start rising is of utmost importance.
Get helpful insights on types of insurance policy like life insurance, child insurance, investment plans, ulip plans, pension and others. For more information visit - www.aegonreligare.com
As a business owner in Delaware, staying on top of your tax obligations is paramount, especially with the annual deadline for Delaware Franchise Tax looming on March 1. One such obligation is the annual Delaware Franchise Tax, which serves as a crucial requirement for maintaining your company’s legal standing within the state. While the prospect of handling tax matters may seem daunting, rest assured that the process can be straightforward with the right guidance. In this comprehensive guide, we’ll walk you through the steps of filing your Delaware Franchise Tax and provide insights to help you navigate the process effectively.
The world of search engine optimization (SEO) is buzzing with discussions after Google confirmed that around 2,500 leaked internal documents related to its Search feature are indeed authentic. The revelation has sparked significant concerns within the SEO community. The leaked documents were initially reported by SEO experts Rand Fishkin and Mike King, igniting widespread analysis and discourse. For More Info:- https://news.arihantwebtech.com/search-disrupted-googles-leaked-documents-rock-the-seo-world/
Memorandum Of Association Constitution of Company.pptseri bangash
www.seribangash.com
A Memorandum of Association (MOA) is a legal document that outlines the fundamental principles and objectives upon which a company operates. It serves as the company's charter or constitution and defines the scope of its activities. Here's a detailed note on the MOA:
Contents of Memorandum of Association:
Name Clause: This clause states the name of the company, which should end with words like "Limited" or "Ltd." for a public limited company and "Private Limited" or "Pvt. Ltd." for a private limited company.
https://seribangash.com/article-of-association-is-legal-doc-of-company/
Registered Office Clause: It specifies the location where the company's registered office is situated. This office is where all official communications and notices are sent.
Objective Clause: This clause delineates the main objectives for which the company is formed. It's important to define these objectives clearly, as the company cannot undertake activities beyond those mentioned in this clause.
www.seribangash.com
Liability Clause: It outlines the extent of liability of the company's members. In the case of companies limited by shares, the liability of members is limited to the amount unpaid on their shares. For companies limited by guarantee, members' liability is limited to the amount they undertake to contribute if the company is wound up.
https://seribangash.com/promotors-is-person-conceived-formation-company/
Capital Clause: This clause specifies the authorized capital of the company, i.e., the maximum amount of share capital the company is authorized to issue. It also mentions the division of this capital into shares and their respective nominal value.
Association Clause: It simply states that the subscribers wish to form a company and agree to become members of it, in accordance with the terms of the MOA.
Importance of Memorandum of Association:
Legal Requirement: The MOA is a legal requirement for the formation of a company. It must be filed with the Registrar of Companies during the incorporation process.
Constitutional Document: It serves as the company's constitutional document, defining its scope, powers, and limitations.
Protection of Members: It protects the interests of the company's members by clearly defining the objectives and limiting their liability.
External Communication: It provides clarity to external parties, such as investors, creditors, and regulatory authorities, regarding the company's objectives and powers.
https://seribangash.com/difference-public-and-private-company-law/
Binding Authority: The company and its members are bound by the provisions of the MOA. Any action taken beyond its scope may be considered ultra vires (beyond the powers) of the company and therefore void.
Amendment of MOA:
While the MOA lays down the company's fundamental principles, it is not entirely immutable. It can be amended, but only under specific circumstances and in compliance with legal procedures. Amendments typically require shareholder
RMD24 | Debunking the non-endemic revenue myth Marvin Vacquier Droop | First ...BBPMedia1
Marvin neemt je in deze presentatie mee in de voordelen van non-endemic advertising op retail media netwerken. Hij brengt ook de uitdagingen in beeld die de markt op dit moment heeft op het gebied van retail media voor niet-leveranciers.
Retail media wordt gezien als het nieuwe advertising-medium en ook mediabureaus richten massaal retail media-afdelingen op. Merken die niet in de betreffende winkel liggen staan ook nog niet in de rij om op de retail media netwerken te adverteren. Marvin belicht de uitdagingen die er zijn om echt aansluiting te vinden op die markt van non-endemic advertising.
RMD24 | Retail media: hoe zet je dit in als je geen AH of Unilever bent? Heid...BBPMedia1
Grote partijen zijn al een tijdje onderweg met retail media. Ondertussen worden in dit domein ook de kansen zichtbaar voor andere spelers in de markt. Maar met die kansen ontstaan ook vragen: Zelf retail media worden of erop adverteren? In welke fase van de funnel past het en hoe integreer je het in een mediaplan? Wat is nu precies het verschil met marketplaces en Programmatic ads? In dit half uur beslechten we de dilemma's en krijg je antwoorden op wanneer het voor jou tijd is om de volgende stap te zetten.
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
What is the TDS Return Filing Due Date for FY 2024-25.pdfseoforlegalpillers
It is crucial for the taxpayers to understand about the TDS Return Filing Due Date, so that they can fulfill your TDS obligations efficiently. Taxpayers can avoid penalties by sticking to the deadlines and by accurate filing of TDS. Timely filing of TDS will make sure about the availability of tax credits. You can also seek the professional guidance of experts like Legal Pillers for timely filing of the TDS Return.
Remote sensing and monitoring are changing the mining industry for the better. These are providing innovative solutions to long-standing challenges. Those related to exploration, extraction, and overall environmental management by mining technology companies Odisha. These technologies make use of satellite imaging, aerial photography and sensors to collect data that might be inaccessible or from hazardous locations. With the use of this technology, mining operations are becoming increasingly efficient. Let us gain more insight into the key aspects associated with remote sensing and monitoring when it comes to mining.
2. Group Members
Himadri Gwari 11
Rajpreet Kaur 36
Angad Sandhu 39
Harleen Kaur 53
Laveena Surve 55
Pushkar Khot 60
3. Money Back Policy
Money Back Plan is a special type of life insurance policy
that falls under Endowment Plans. In Insurance language
it is called Anticipated Endowment Plans and commonly
known as Money Back Policies.
It simply means that in Money Back Plans, the money
comes back to the Life Insured after a specific interval of
time as Survival Benefit.
However, if the Life Insured dies during the policy term,
then the Death Benefit would be paid to the nominee and
the policy would be terminated and no further money
would be paid to him on the intervals.
4. Who should buy Money
Back Insurance Policies?
Money Back Insurance Policies should be taken by
someone who might require money at regular and specific
intervals, like children’s education, etc.
Also the Death Benefit is guaranteed irrespective of the
Survival Benefits already paid. Thus, if the Life Insured dies
on the year of the policy maturity even after receiving 4
Survival Benefit, the nominee would get the entire Sum
Assured and not a reduced one. You can also save tax as
the premiums paid and the money received in installments
are tax-free.
5. Benefits of Money back
policies
Money Back Insurance Policies help us to plan our
finances in a very systematic way by guaranteeing a
regular flow of income at fixed stages in our lives.
A Money Back Insurance Policy can be used
effectively to plan for your child's higher education
or marriage, purchase a car or even to pay the down-
payment for your dream house.
6. Annuities and pension
which an insurance company
Annuities are a form of pension in
makes a series of periodic payments to a person (annuitant) or his
or her dependents over a number of years (term), in return for the
money paid to the insurance company either in a lump sum or in
installments.
Annuities start where life insurance ends. It is called the reserve of
life insurance.
This policy is also useful to those who prefer regular income in old
age.
In these types of life insurance policies, the insurer agrees to pay
the insured a stipulated sum of money periodically. The purpose
of an annuity is to protect against financial risks as well as provide
money in the form of pension at regular intervals.
7. Basically, there are four kind of pension/annuity plans
from which a person can choose, which depends upon his
personal requirement.
o Guaranteed period annuity
o Life annuity
o Deferred annuities
o Annuity certain
8. Types of pension plans
Employment-based pensions (retirement plans)
A retirement plan is an arrangement to provide people with an
income during retirement when they are no longer earning a
steady income from employment.
Social and state pensions
Many countries have created funds for their citizens and
residents to provide income when they retire (or in some cases
become disabled).
Disability pensions
Some pension plans will provide for members in the event they
suffer a disability. This may take the form of early entry into a
retirement plan for a disabled member below the normal
retirement age.
9. Benefits of Pension Plans
income when we
All of us are worried about our
retire. Pension Plans, also called Retirement Plans are one of
the safest and surest ways of a trouble-free retirement life.
Pension Plans are flexible and can be used effectively if
planned out well. On attaining the retirement age, the policy
holder can withdraw 33% of the maturity amount for some
immediate financial needs.
Pension Plans come in 2 variants - Traditional plans in
which the amount of payout is guaranteed and ULIPs in
which part of the amount paid as premiums every year is
invested in financial instruments which are known to
appreciate greatly over a long period of time.
10. What is unit linked policy?
is a type of life
A unit-linked insurance plan (ULIP)
insurance where the cash value of a policy varies according
to the current net asset value of the underlying investment
assets. It allows protection and flexibility in investment,
which are not present in other types of life insurance such as
whole life policies. The premium paid is used to purchase
units in investment assets chosen by the policyholder.
In India investments in ULIP are covered under Section 80C
of IT Act. The overall limit of permissible deductions under
Section 80C is Rs. 1 Lac. However, the concept of having an
insurance is governed by the Insurance Regulatory and
Development Authority
11. UNIT LINKED POLICIES
A unit linked policy is a life insurance policy in which the
beneits depend on the performance of a portfolio of shares.
Each premium paid by the insured person is split.
A part is used to provide life insurance cover, while the balance
is used to buy units in a unit of Mutual Fund after deduction of
cost, expenses etc.
In this way, a small investor can benefit from investment in a
managed fund without making a large financial commitment.
The unit linked policies can go up or down in value as they are
linked to the value of shares.
12. Categories of ULIP
are divided into the
Depending on the objective, ULIP
following categories:
Wealth Plan: These plans are usually of shorter time frame
around 10-15 years and focus on getting higher returns to
create a good maturity amount.
Child Plan: These plans are for securing child’s financial
future. The money is invested to ensure that the child’s future
financial goals like education are secured. Along with it, death
benefit in most child plan is very comprehensive so that
child’s future is not compromised.
Pension Plan: These plans focus on creating a corpus amount
so that life insured gets regular pension after retirement.
13. Who should buy ULIP
Policies?
If you are comfortable with the notion of taking
risks on the equity, debt market etc. Ulip’s are
transparent and flexible.
If you are willing to regularly monitor the fund.
If you are willing to take market associated risk.
14. Benefits of unit linked
policy
Unit linked Insurance Plan, better known as ULIP is
a type of life insurance plan that pro-vides benefits
of protection against risks and flexibility to manage
the investments of pre-miums.
ULIPs work best when invested for a longer period
of time with multiple investment options.
ULIPs are very flexible.
15. Things to consider before
buying an ULIP
Investment Option
Charges
Loyalty Additions
Features
Riders
16. How to discontinue the
ULIP?
Before 5 years: There is lock in period of 5 years in a
ULIP. That is if you cancel ULIP, the amount will be
provided to you only after 5 years from date of
commencement of life insurance policy. If you cancel
ULIP within 5 years, then the fund value will be
shifted to discontinued fund which will grow at 3.5%
compounded annually. After 5 years, the fund value
will be provided to you.
After 5 years: You can withdraw complete amount
after 5 policy years.
17. Jeevan sathi
A double cover joint life plan, Jeevan Sathi is an endowment
assurance policy, but with dual benefits.
Unlike many other joint life plans that terminate upon the
death of any one partner, Jeevan Sathi not only provides
financial security against the death of either partner, but also
ensures a lump-sum maturity amount on survival of either or
both the partners at the end of the policy term.
This policy was started issuing with effect from July 1985 and
can be obtained in the joint lives of husband and wife.
If the lives (husband and wife) survive till maturity, the sum
assured together with bonus declared by the LIC from time
to time is also paid.
18. Key features
Unique Joint Life Insurance Policy from India’s No.1
Insurance company
Tax benefit
You can pay monthly, quarterly, half yearly or yearly
premiums.
Maturity Benefits:
Sum assured plus Bonus are given, if husband and
wife are alive upto maturity period.
19. Conditions and Requirement:
Min. age at entry 20
Max. age at entry 50
Max. Maturity age 70
Min. Term 15
Max. Term 30
Accident benefits per 1000 SA Rs. 2 extra
Min. S.A. Rs 50000
Max. S.A. No Limit
Modes allowed all
SA in multiples Rs 5000
Revival yes
Surrender of Policy yes
Housing Loan yes
20. Death Benefits
Future premiums are waived and survivor gets Sum
Assured immediately on the death of Husband/wife.
He/She gets Sum Assured again with full bonus, if
the survivor (husband/wife) survives till maturity.
Sum Assured plus Bonus is paid till that time to the
nominee, if the survivor also dies before maturity.
21. Other benefits
Maturity Benefit
If one or both the lives survive till the end of the policy
term, Sum Assured along with all bonuses declared up to
maturity date is payable in a lump sum.
Supplementary/Extra Benefits
These are the optional benefits that can be added to your
basic plan for extra protection/option. An additional
premium is required to be paid for these benefits.
Survival benefits
If one or both the lives survive to the maturity date, the
sum assured, along with the accumulated bonus, is
payable.