LIC buys Rs 4,300-crore debt from bond auctions of seven states

MUMBAI: State-run Life Insurance Corporation of India (LIC) has bought debt worth about Rs 4,300 crore in state bond auctions conducted by the Reserve Bank of India (RBI), starting the fiscal with its first big-ticket investment after clocking nearly 10 per cent growth in premium collection last year.

The country's biggest insurer bought about four-fifths of the total notified amount in the auction conducted on Wednesday. State development loans (SDL) are the bonds issued by different state governments and sold through a process of RBI auction 

.http://www.myallagents.com/LIC-buys-Rs-4300crore-debt-from-bond-auctions-of-seven-states/details.html 

Don't depend on health cover by your employer

Most salaried are quite happy and content with their employers' health insurance schemes. Most feel they do not need any more insurance. But in the past three years, most Indian companies have been reducing the cover or insisting on co-payment for employees' parents. In such circumstances, employer's cover may not be enough. So, it is important the cover keeps pace with rising costs.  http://www.myallagents.com/Dont-depend-on-health-cover-by-your-employer/details.html

HNI To Be Benefitted With Additional Services From Insurance Companies

Alike banks, who gives priority banking to its preferred customers, insurance companies have also come out with the plan to provide specialized services to its High Net Worth Individual (HNI) customers. This plan comes under two categories viz: gold and silver. Under this, in addition to giving of personal advices and services to its customers, insurance companies will also give specialized products to these individuals. However this facility is available if a customer’s renews the policy without any break. 
http://www.myallagents.com/HNI-To-Be-Benefitted-With-Additional-Services-From-Insurance-Companies/details

How four women mutual fund managers are defying odds & breaking through

There are 52 mutual funds, and another 51 life and non-life insurance companies, registered in India. Both sets generate dozens of investment products for the Indian market and manage thousands of crores. Men manage most of these products.  .http://www.myallagents.com/How-four-women-mutual-fund-managers-are-defying-odds-and-breaking-through/details.html

With the Reserve Bank of India (RBI)’s steps to arrest the slide of the rupee leading to tight liquidity conditions, the retail investor is once again being drawn to short-term bank fixed deposits (tenures of less than a year). In the past few weeks, lenders such as HDFC Bank and YES Bank have raised interest rates on select maturities and it is expected others would follow in the near future.

With the Reserve Bank of India (RBI)’s steps to arrest the slide of the rupee leading to tight liquidity conditions, the retail investor is once again being drawn to short-term bank fixed deposits (tenures of less than a year). In the past few weeks, lenders such as HDFC Bank and YES Bank have raised interest rates on select maturities and it is expected others would follow in the near future.    http://www.myallagents.com/Liquidity-squeeze-Shortterm-fixed-deposits-draw-investors/details.htm

Even top guns fall victim to dubious insurance policies

If you thought you are among the few financially ill-informed, who is being sold insurance policies or mutual funds with dubious sales pitches, you can take heart from the fact that even some of the top guns at the finance ministry have also fallen victim to such practices, at least before they walked into the North Block.  
http://www.myallagents.com/Even-top-guns-fall-victim-to-dubious-insurance-policies/details.html

Regulatory intervention, high inflation cripple insurance industry

The agent count at Reliance Life Insurance has fallen 26,000, or 8% to 1.24 lakh at the end of March 31, 2013 since 2012 when it sold a 26% stake to Nippon Life which valued the company at three times its embedded value. In January this year, INGGroup of the Netherlands sold 26% stake at a 25% loss to its JV partner ExideBSE 1.28 %after a decade-long battle trying to make sense out of the Indian Life Insurance marke That simply is the tale of sliding fortunes of the Indian life insurance industry which until a few years ago was considered to be a sunrise industry promising decades of uninterrupted growth and loads of profits for shareholders  http://www.myallagents.com/Regulatory-intervention-high-inflation-cripple-insurance-industry/details.html

Complaints Against Insurance Companies On A Rise

The Central system of Insurance Regulatory and Development Authority that keeps the data of complaints of policy holders against all the insurance companies, for the year ending March 2013, posted a figure of 3.41 lakhs complaints against the life insurance companies. Majority of these complaints were against insurance giant Life Insurance Corporation of India, Birla Sunlife and Bajaj Allianz and were related to issue like unfair business practice, alleged mis-selling by insurance companies etc.   Further the complaint cell stated that most of the complaints (more than 30%) pertained to unfair business practice. Of the total 3.41 lakhs complaints, 168,482 complaints were of unfair trade practices  http://www.myallagents.com/Complaints-Against-Insurance-Companies-On-A-Rise/details.html

Kotak Life Insurance launches immediate annuity plan

Kotak Life Insurance has launched Kotak e-Lifetime income plan, an immediate annuity product. The plan offers the purchaser of the annuity the option to choose an annuitant or beneficiary other than self. This will ensure regular income to any close blood relative or spouse, other than self. The plan is also available online, said a press release issued by Kotak Life Insurance. The one time premium paid by the proposer is paid out to the annuitant or beneficiary at the interval chosen – monthly, quarterly, half yearly or yearly at the predefined annuity rate promised at the time of purchase. Annuity rates will depend upon the age of the annuitant, the amount invested and the annuity option chosen.  http://www.myallagents.com/Kotak-Life-Insurance-launches-immediate-annuity-plan/details.html

Get the most out of your car insurance

Comprehensive motor insurance policy without Add-on covers, in reality is not comprehensive in its true sense. If motor insurance policy holder has to pay from his wallet (partly or fully) for replacing rubber or metal parts in case the car met with an accident, then the entire purpose of insurance gets defeated. One can overcome this if motor insurance is bought with some very useful add on covers like Engine protection, Road side assistance, Protection for no claim bonus, Nil depreciation, Return to invoice and Personal belongings. Furthermore, spare parts in high-end cars are very expensive. It is recommended that cars valued upwards of Rs. 8-10 Lacs should have Add-on covers as part of the motor comprehensive policy. This reduces the financial impact on the car owner in the event of a claim  http://www.myallagents.com/Get-the-most-out-of-your-car-insurance/details.html

 

LIC online term plan: How is it different?

Pankaaj Maalde, Head-Financial Planning, Apna Paisa. It’s rightly said “It’s never too late to start a new beginning”. At last LIC, one of the largest players in life insurance business, launches online term plan which will not only increase awareness but also increase the competition in the market. LIC move also will force other players, who still have not launched it, to launch online term plan soon. Even premium of LIC online term plans is higher compared to peers it will help people to understand the need of life insurance and also reveal the facts that how the investment products are bundled. This will help them to separate insurance and investment need in future.   http://www.myallagents.com/LIC-online-term-plan-How-is-it-different/details.html

Top Mutual Funds in India

Deciding or searching for the top mutual funds generally requires lot of things to be taken into consideration. It is here that the role of the fund manager creeps in. The fund manager determines the performance of the fund for that particular period, so it is a compulsion that he is consulted prior to making the investment. Another important segment that should be taken care of is the proper selection of Assets. Asset Allocation is the art of bifurcating your finances into a mixture of Assets (stocks, bonds, etc). It is imperative that some amount of research is done prior to choosing a fund for investment. The performance of a mutual fund over the last few years does give an insight to it’s value. The Mutual fund performance 
http://www.myallagents.com/Top-Mutual-Funds-in-India/details.html 

Personal Accident Insurance Online

Sometimes even a small accident or mishap can throw your financials out of gear.Get insured to be prepared for those trying times.

Accident Shield Online Insurance is a worldwide, Personal Accident Cover that is specially designed to protect you from the following unforeseen events - Death, Total Disability and Permanent Partial Disability. This comprehensive policy will help your family meet its financial commitments in the hour of need. 

http://www.myallagents.com/Personal-Accident-Insurance-Online/details.html 

Health Insurance Guide

Health has always been uncertain. We can try our best to keep fit, but after a certain age the expenses on health do increase. Its better to keep ourselves insured under a Medical Plan to make sure that our medical expenses are taken care of.
If we talk about Individual Health Insurance Plans in US, they are designed to help an individual and their families access care and cover the medical cost of receiving medical services from any physician, hospital or other provider 
http://www.myallagents.com/Health-Insurance-Guide/details.html

LIC to invest more in state-run enterprises

nsurance companies have been the biggest buyers of equity in 2010. Life Insurance Corp. of India (LIC) has invested nearly Rs7,000 crore since January, chairman T.S. Vijayan said in an interview.

He also spoke of the insurer’s investment plans, and discussed its aggressive bidding at state-run power utility NTPC Ltd’s follow-on public offer (FPO), which has sparked claims that the government was using LIC to lure other institutional investors to its divestment programme. Edited excerpts: 

http://www.myallagents.com/LIC-to-invest-more-in-staterun-enterprises/details.html 

Business Insurance Agents

Online insurance quotes and buying insurance online is no longer a novelty. Many business insurers are online and, while buying insurance for a business on the internet is not as prevalent as buying personal auto insurance online, growing numbers of small business owners are going to online sources for their insurance. If one follows some guidelines when using online quote sites to purchase insurance, business internet insurance sites can offer premium savings.

What is missing is the insurance agent or broker. Insurance professionals will tell you that they offer significant value to the insured. They will contend that the absence of an insurance professional will cost a business in the long run. Contrary to that argument is the claim that online sites offer insurance for less and can offer more quotes from more sources. Let's look at the website versus the insurance professional. 

http://www.myallagents.com/Business-Insurance-Agents/details.html 

Buying Life Insurance

1. Buying Life Insurance

Conventional wisdom says that life insurance is sold, not purchased. In other words, some people are reluctant to discuss the importance of owning life insurance, and others are simply unaware of the need to have life insurance. Although many large companies provide life insurance as part of their benefits package, this coverage may be insufficie

Who needs life insurance? If there are individuals who depend on you for financial support, or if you work at home providing your family with such services as child care, cooking, and cleaning, you need life insurance. Older couples also may need life insurance to protect a surviving spouse against the possibility of the couple's retirement savings being depleted by unexpected medical expenses. And individuals with substantial assets may need life insurance to help reduce the effects of estate taxes or to transfer wealth to future generations 

http://www.myallagents.com/Buying-Life-Insurance/details.html 

Settlement Loans Vs. Traditional Loans

When considering a settlement loan you should always know the differences between a settlement loan and a traditional loan. They are two complete different ways to obtain fund during a pending lawsuit when a client has no income. This article is designed to explain the differences between a settlement loan and a traditional loan and allow the reader to determine which can be a better solution 
.http://www.myallagents.com/Settlement-Loans-Vs-Traditional-Loans/details.html 

Long Term Investments for the Future

If you are ready to invest money for a future event, such as retirement or a child’s college education, you have several options. You do not have to invest in risky stocks or ventures. You can easily invest your money in ways that are very safe, which will show a decent return over a long period of time.
First consider bonds. There are various types of bonds that you can purchase. Bond’s are similar to Certificates of Deposit. Instead of being issued by banks, however, bonds are issued by the Government. Depending on the type of bonds that you buy, your initial investment may double over a specific period of time 
.http://www.myallagents.com/Long-Term-Investments-for-the-Future/details.htm 

What Is Your Investment Style?

Knowing what your risk tolerance and investment style are will help you choose investments more wisely. While there are many different types of investments that one can make, there are really only three specific investment styles – and those three styles tie in with your risk tolerance. The three investment styles are conservative, moderate, and aggressive.
Naturally, if you find that you have a low tolerance for risk, your investment style will most likely be conservative or moderate at best. If you have a high tolerance for risk, you will most likely be a moderate or aggressive investor. At the same time, your financial goals will also determine what style of investing you use. 
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