Friday, 22 May 2015

IA Club Membership Qualification with Benefits - Yearwise

Exclusively for Insurance Advisors Only - Indians

Club Membership Regular Business (Rs.) Bonus Credit (Rs.) Group Life Insurance cover with ADB Rider (Rs.) Personal Accident Cover (Rs.) Convention Budget (Rs.) Stationary (Rs.)
Rising Star 2 Lacs 750 NA NA NA 200
DSM 3 Lacs 1000 1,00,000 NA 1000 250
ASM 5 Lacs 2500 1,50,000 1,50,000 1500 300
RSM 10 Lacs 5000 2,00,000 2,00,000 2500 400
RD 20 Lacs 10000 3,00,000 3,00,000 3000 500
CH 30 Lacs 15000 4,00,000 4,00,000 10000 600
ED 50 Lacs 40000 5,00,000 5,00,000 30000 800
MD 75 Lacs 75000 5,00,000 5,00,000 50000 1000

Wednesday, 29 April 2015

Best Child Education Policy - SBI Life

 Loving your child is what comes naturally but as a responsible parent you have certain obligations towards your child. Getting a child plan is one such obligation, infact the most important one.

The child education policy is a life insurance product specially designed as a savings tool to provide an amount of money when your child reaches the age for entry into college (18 years and above). The funds can be used to pay for your child's higher education expenses. Under this policy, the child is the life assured, while the parent/legal guardian is the policy owner. 

The cost of higher education is increasing. The need for access to higher education and the cost will put a financial strain on you and your family. That is why it is important to start planning for your child's education as soon as possible, because the earlier you begin, the more time you allow your money to grow. The child education policy will provide the funds needed by your child to pursue further education and assures that whatever happens in the future, your child will still have the means to pursue some of his/her goals in life.

(Based on 10% interest)
Insurance Coverage = 10 times the Premium



Term (PPT)

At End of 5th Year

At End of 8th Year

At End of 10th Year

At End of 15th Year

At End of 20th Year

1 24000 8 Yrs Pay mode 2,63,516 3,11,390 4,73,185 7,16,755
2 24000 10 Yrs Pay mode Pay mode 3,63,381 5,46,313 8,23,286
3 24000 15 Yrs Pay mode Pay mode Pay mode 7,01,285 10,57,927
4 24000 20 Yrs Pay mode Pay mode Pay mode Pay mode 12,12,900
5 50000 5 Yrs 3,01,926 3,84,440 4,52,265 6,80,891 10,27,049
6 50000 8 Yrs Pay mode 5,60,144 6,63,696 10,13,087 15,39,119
7 50000 10 Yrs Pay mode Pay mode 7,71,896 11,64,838 17,59,783
8 50000 15 Yrs Pay mode Pay mode Pay mode 14,87,698 22,48,618
9 50000 20 Yrs Pay mode Pay mode Pay mode Pay mode 25,71,478

Age at Entry *Child: Min: 0 yearsMax: 17 years
Proposer: Min: 18 yearsMax: 57 years
Max. Age* at Maturity65 years
Policy Term
Min: 8 years
Max: 25 years less child’s age at entry
On Maturity, the age of child should be between 18 to 25 years)
Premium Payment
Terms (PPT)
Single Premium (SP)
5 to 25 years (subject to the limits of policy term)
Premium Amounts(x100)Minimum:
5 years to 7 yearsYearly50,000
 Half Yearly25,000
Maturity Benefit: On completion of Policy Term, Fund Value will be paid.

Death Benefit:
In the event of unfortunate death of life assured, a lump sum benefit equal to higher of the Sum Assured or 105% of all premiums paid till date of death will be payable.
The company continue’s to pay your future premium(s) on your behalf (inbuilt Premium Payor Waiver Benefit) and the accumulated fund value will be paid at maturity
In case of your unfortunate accidental death or accidental total and permanent disability we pay:
Additional benefit equal to Accident benefit Sum Assured
The Accident Benefit and Premium Payor Waiver Benefit are not available in the Single Premium policies.

Tax Benefits
Tax deduction under Section 80C is available. However in case the premium paid during the financial year, exceeds 10% of the sum assured, the benefit will be limited up to 10% of the sum assured
Tax exemption under Section 10(10D) is available at the time of maturity/surrender, subject to the premium not exceeding 10% of the sum assured in any of the years during the term of the policy. However, death proceeds are completely exempt
Tax benefits, are as per the provisions of the Income Tax laws & are subject to change from time to time. Please consult your tax advisor for details

Sunday, 26 April 2015

Stock Market Terminology


  Stock Terms           

is equal to (in Ratio)

1 Stock/Share Also referred to share or equity, stock is the basic ownership unit of a company.

Margin Call

A demand for additional funds because of adverse price movement. You would receive a margin call from a broker if one or more of the securities you had bought (with borrowed money) decreased in value past a certain point. 

3 After-Hour's deal The stock market usually closes at 4:00pm. After this scheduled time, deals can also be made but the transaction is dated the next day, known as an after-hours deal.

4 Annual Report An audit report to shareholders produced yearly.

5 Balance Sheet The financial statement which shows the liabilities and assets of a company.

6 Bearer Stocks This is the stock that is unregistered with the owner’s name.

7 Bed and Breakfast Deal This refers to the sale of share and repurchase on another day. It’s done to set up profit or loss for the purpose of tax.

8 Bid Price sale price of stocks or shares.

9 Blue Chip These are shares of big and reputed companies.

10 Call An extra installment due on shares.

11 Capital The amount of money used for setting up a new business.

12 Contract Note This is a printed confirmation letter from any broker indicating a bargain which is carried out.

13 Coupon Refers to interest amount payable only for fixed interest stock.

14 Dawn Raid Refers to the buying of a huge amount of shares in the morning at the opening of stock market.

15 Liquidation Converting the prevailing assets to cash.

16 Offer Price Refers to the specific price at which one can buy stocks and shares.

17 Options the right to purchase (call option) and sell (put option) a particular share at a particular price within a particular period.

18 Portfolio A selection of shares usually held by a person or fund.

19 Proxy Anybody who votes on another person’s behalf if the person is unable to attend a shareholders’ meeting.

20 Earnings Per Share [EPS] (Company's Profit - Dividends) / Outstanding Shares

21 Price-Earning Ratio [P/E]

Market Value per Share / EPS
22 Put-Call Ratio [P/C] PUT option volume / CALL option volume
23 Book Value Tangible Assets - Liabilities
24 Price-To-Book [P/B Ratio]

Stock Price / Book Value

25 Dividend per Share

Dividend % * Face Value
26 Dividend Yield
Annual Dividends per Share / Price per Share

27 Face Value Original Cost of the Stock shown on the Certificate.

28 American Depositary Receipt (ADR) A stock representing a specified number of shares in a foreign corporation. ADRs are bought and sold in the American markets just like regular stocks.

29 Bullish
One who expects prices to rise.


One who expects the prices to decrease.

31 Derivatives A derivative is a contract between two parties which derives its value/price from an underlying asset. 

32 GAAP Generally Accepted Accounting Principles

33 Initial Margin The funds required when a position (or a short position) is opened.

34 NASDAQ National Association of Securities Dealers Automatic Quotation System

35 NSCCL National Securities Clearing Corporation Ltd.

36 NSE National Stock Exhange Of India ltd.

37 SEBI Securities and Exchange Board of India

38 Settlement Price Price that is used to calculate gains and losses in futures and options market accounts.

Friday, 24 April 2015

SBI Life Smart Guaranteed Savings Plan with Bond

Have You ever come across any savings plan which guarantee particular additions in written format. Yes, you are at right place. Your family has total peace of mind as you have protection of insurance cover too.
SBI - Smart Guaranteed Savings Plan is traditional non-participating individual plan with guaranteed additions of 6.17% interest of Premium paid. This will mention in Bond which will handed you through post. Pay premiums only for a limited period of 7 years and enjoy the benefits throughout the policy term of 15 years.
Take a look on details below:
Premium for 7     Years
Total Premium      Paid
Maturity Returns after 15 Years
Sum Assured (Life Insurance Coverage)
Pension/Month (Life-Long)
21000 147000 242,000 2,00,000 1613
30927 2,13,708 365,100 3,00,000 2434
51545 3,56,180 6,08,500 5,00,000 4055
77318 5,34,270 9,12,750 7,00,000 6085

Product Snapshot
Age at Entry*Min: 18 yearsMax: 50 years
Maximum Age at Maturity*65 years
Policy Term15 Years
Premium Payment Term7 Years
Premium FrequencyYearly
Premium Amount (X 1000)MinMax (Per life limit)
Rs 20,000Rs 75,000
Sum AssuredDepends on the premium chosen

Maturity Benefit (For In-force policies): On completion of Policy Term, Basic Sum Assured Plus accrued Guaranteed Additions, will be paid.
Death Benefit (For In-force policies): In the unfortunate event of death of the Life Assured, ‘Sum Assured on death’ along with accrued guaranteed additions will be payable to the beneficiary. Where, Sum Assured on death is Higher of (Basic Sum Assured or 10 times the Annualized Premium or 105% of total premiums paid as on the date of death).
Tax Benefits:
Tax deduction under Section 80C is available. However in case the premium paid during the financial year, exceeds 10% of the sum assured, the benefit will be limited up to 10% of the sum assured.

Tax exemption under Section 10(10D) is available at the time of maturity/surrender, subject to the premium not exceeding 10% of the sum assured in any of the years during the term of the policy. However, death proceeds are completely exempt.

Thursday, 16 April 2015

Insurance Jobs are the most Searched Online

As per Google Search trend analysis, here's a list of the 'Most-Googled' jobs of the present quarter by the Indian workforce:
Rank-1: Insurance Jobs
               Search Keywords: Insurance recruitment; Insurance jobs;
               Most searched in: Telangana, Delhi, Tamil Nadu, West                                                 Bengal, Uttar Pradesh, Karnataka. 
Rank-2: Finance Jobs
    Search Keywords: Finance jobs, Finance Interview questions;
     Most searched in: Karnataka, Uttar Pradesh, Tamil Nadu, Delhi,                                          Maharashtra.
Rank-3: Information Technology Jobs
               Search Keywords: IT jobs, Information technology jobs;
           Most searched in: Tamilnadu, Karnataka, Maharashtra, Uttar                                          Pradesh, Delhi.
Rank-4: Marketing Jobs
         Search Keywords: Marketing jobs, Jobs in marketing,                                                     Marketing Interview questions;
    Most searched in: Andhra Pradesh, Telangana, Karnataka,                                              Maharashtra, Uttar Pradesh, Delhi.
Rank-5: Law/Legal Jobs
                Search Keywords: Legal jobs;
    Most searched in: Delhi, Uttar Pradesh, Karnataka, Maharashtra.

Monday, 13 April 2015

SBI offers cheapest Home Loans for Women

State Bank of India (RBI) on 12th April announced a further reduction of 10 basis points in its home loan rate - the second reduction in four days - to regain position as the cheapest home loan provider i.e 9.85% for new borrowers. The move comes after HDFC on 10th April stated that it will provide home loans at 9.9%. SBI has always been competitive in financial market. 

RBI's nudge to bankers to bring downlending rates which has upset the equilibrium among the top banks with every lender offering loans at almost the same rate of 10.1%. 

"Those who choose to refinance their existing home loans with SBI can do it under the new rates" said J. Lakshmi, CGM, SBI. SBI's current borrowers, who have locked into their agreements at a higher speed, will have to pay 0.5% of the outstanding amount to get their loans refinanced at the new rates.

Tuesday, 17 March 2015

Tax Saving Schemes (Options)

Individual Taxpayers have under Section 80C - a Rs. 1.5 Lac Investment limit. 
Image result for tax benefit optionsFor Salaried individuals, a part of this 80C limit gets exhausted through their contribution towards Employee Provident Fund [EPF] that their employees deduct every Month. Also for Taxpayers who are paying EMIs for their homes bought on loans (Home-loans) from a bank (or) a financial institution, repayment of principal amount is also included with in 80C limit.

Last-minute options:
  • On the Equity side, Equity Linked Savings Schemes (ELSSs) are the best bet for investors to save taxes which has out-performed the most popular tax-saving scheme PPF very handsomely. These are mutual fund schemes floated by fund houses which are notified by the government to qualify as investment schemes within 80C limit. There is a lock-in period of 3 years. In case of any withdrawal within the lock-in period, the investor will stand to lose the previous tax deductions. People who are not used to investing in the Stock Markets are sceptical about investing in ELSS. 
  • On the debt side, one of the best tax-saving options is the Public Provident Fund (PPF). It's a Triple-Exempt product. It saves tax at the time of investment, the interest is tax-free and the proceeds at the time of maturity also tax-free. The rate of interest varies every year and is usually around the average annual yield that one gets on 10-year Government Securities (G-Secs), which is called benchmark yield. An investor can put the entire 80C limit, i.e Rs. 1.5 Lac into PPF in one shot. Here, an investor can partially withdraw the PPF money after 5 years.
  • The New Pension Scheme (NPS) is another tax-saving instrument that investors can opt for. The investor gets to take money out only on attaining 60 years of age. At 60, you can withdraw a third of the accumulated corpus but the balance has to be used for buying annuity.
  • Other than these, Investors can look at tax-saving Fixed Deposits (FDs), Insurance Companies like SBI Life, etc and National Savings Certificates (NSCs) at post offices.