life insurance | Enrichwise

November 26, 2012 Insurance, Tutorials admin

Understand : What is Paid Up Value in your Insurance Policy

. Awareness precedes success Most of the Insurance Policy Holders are unaware of the concept of Surrender Value and Paid Up Value in case of lapse of a policy for any reason. This note with an example will help understand the concept. Guaranteed Surrender Value Under Sec 113 of Insurance Act 1938 if a person […]

July 4, 2012 Insurance, Tutorials admin

IRDA Consumer Education website ~ Insurance ~ Educating Customers

Insurance is a sophisticated financial instrument which requires a fairly high level of involvement on the part of the consumer to make it effective. Yet insurance is also a basic requirement that every person should have. This universal need coupled with its complexity makes for a difficult combination since there is a mismatch between the […]

June 5, 2012 Insurance admin

Components of Life Insurance Premium for Endowment Plan

In many parts of the world, Insurance policies get sold. They do not get bought. Almost 70-80% of the Insurance Policies which get sold in India comprise of the Non-Term Life Variety (means that approx 80% policies are not pure risk cover). Do you know the components of the premium which gets paid periodically. Many […]

July 24, 2010 Financial Planning, Investment Planning admin

The Simple rules to Successful Investing – Part 1

. “No amount of talking or reading can teach you swimming. You will have to get in the water.” There are these little general rules which are applicable and useful for decision making and taking actions. And these simple rules are applicable in so many aspects of life, they are just some small reminders, some […]

July 11, 2010 Insurance, Reviews, Stocks, Mutual Funds, Etf's etc, Tutorials, Uncategorized admin

"Free Lunch" Seminars—Avoiding the Heartburn of a Hard Sell

. BEWARE —-Investors frequently get invited to free seminars. These seminars make tall promises. To educate about investing, or profit from home trading strategies or about managing money in retirement. They also provide VIP treatment , sometimes provide an expensive meal at no cost. Please remember that , just because someone buys you breakfast, lunch or dinner […]

February 21, 2010 Tax Planning admin

Tax Savings – Section 80C – Part II

In this part, I will cover the Life Insurance premiums, pension plans on mutual funds and from insurance companies, and various expenses which are also eligible for deductions under 80C. Life Insurance premiums covered under Section 80C Premium paid towards life insurance for yourself or your family (spouse and children) is eligible for section 80C […]

February 17, 2010 Financial Planning, Insurance, Life Planning admin

What is adequate life insurance coverage?

. “Death is certain and Life is uncertain.” You work hard, You earn , You save. You plan and have dreams. You do this to secure your future and the future your loved ones. However, your untimely demise, can jeopardize the future of your loved ones. Emotional needs, of your loved ones and your dependents […]

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