jayantharde.com

*Team MarketConnected Global Updates:* "Topic in Trend: China rush the financial system with cash." -PBOC pumped $165 billion into the domestic money markets last week, record for one week and highest since it pumped $136 billion in mid-September. -Also bank would make 28-days loans available to several unidentified large commercial banks at market rates via a new mechanism called a temporary liquidity facility. -Short-term tools are aimed at pre-empting a seasonal cash crunch without signaling a shift toward an easier monetary policy. Impact: -Short-term measures are used to ease financial conditions rather than blunter instruments such as interest-rate reductions because they want to avoid raising concerns about the economy health that might in turn encourage more heavy capital outflows from the country. -Also money-market operations can quickly pull back if it decides that market conditions may have become too easy. -While the PBOC want

*MarketConnected Global Updates:* “Topic in Trend” – Budget Series Part 1- Budget 2017-18 & its Expectations. Before we start with the discussion on Union Budget let us understand its meaning first. Budget is a financial statement presenting the government’s proposed revenues and spending for a financial year. **Budget explains: --Financial performance of the government over the past one year. --About the financial programmes & policies of the government for the next one year. --How the standard of living will be affected by the financial policies of the government in the next one year. Now we will discuss what FY18 Budget expected to deliver: -As per the market sentiments the government is expected to provide some relief to individual/corporate tax payers and announce an exclusive scheme for the poor. There may be increase in the income tax slab and deduction under Sec 80C. Also reintroduction of Tax-free or Long-term infra bonds will boost investments. -Since G

Just dial 9373284136  to know more about investing to save tax

Premium Wavier Benefit              Rider is an additional benefit along a life insurance policy. It cannot be taken completely on its own. It is considered as an add-on benefit along with the base policy.          The  Waiver of Premium Rider  entitles waiver of future premiums to be paid by the policy holder in case of the occurrence of the specified event like death of life insured, disability, dismemberment, etc. So in case because of certain pre-defined reasons you are unable to generate income to pay the premiums of the life insurance policy, because you have availed the Waiver of Premium Rider benefit. The rider is provided with many types of policies especially with child plans, disability plans, unit linked plans, etc.            There are some terms and conditions to get the benefit of the  Waiver of Premium Rider  (like the ones mentioned below) and they vary from company to company – so check the details before availing the  Waiver of Premium Rider.

Jeevansathi Plan :  Product summary :              This is an Endowment Assurance Plan issued on the lives of husband and wife. The plan provides financial protection against death of both the lives. It pays the maturity amount on survival of one or both the lives to the end of the policy term. Premiums :          Premiums are payable yearly, half-yearly, quarterly, monthly or through salary deductions as opted by you throughout the term of the policy or till the first death of the lives covered, whichever is earlier. Bonuses :            This is a with-profit plan and participates in the profits of the Corporation’s life insurance business. It gets a share of the profits in the form of bonuses. Simple Reversionary Bonuses are declared per thousand Sum Assured annually at the end of each financial year. Once declared, they form part of the guaranteed benefits of the plan. Such bonuses are to be added till date of maturity or the second death of the lives covered, whichever i

Pension Plus Plan Scheme                           Achieving the dream about a safe, relaxed retirement life is much simpler if you plan your finances.This blog gives detailed information about LIC retirement plans. It also highlights things you may want to look at as you prepare for the future. A pension fund is any plan, deposit, or scheme which offers retirement income. It is a typical asset pool used to generate constant growth over the long term. Strong, smart & secure investments for your future.

Benefit of Pension planning : 1) Guaranteed income for the life time. 2) We can enjoy life as per our wish. 3) Insurances Cover & nomination facility. 4) we become Self dependent. 5) We can support our children to invest their saving for children future not on us.

JEEVAN ANAND                         Jeevan Anand is a combination of  Endowment Assurance  (a life insurance  designed to pay a lump sum after a specified term, usually on its ‘maturity’ or on death, whichever is earlier) and  Whole Life Plan   (a type of life insurance contract that provides for insurance coverage of the contract holder for his/her entire life). Under this plan, you have to pay a fixed premium amount for a particular term. On survival, you will get a lump sum amount, which will be equal to the  Sum Assured                           (SA)  plus  Accumulated Bonuses  and  Final Additional Bonus  at the end of selected term. If death happens before the maturity, the survivor/nominee gets all the aforementioned benefits. The main feature of this plan is you are insured for you whole life, even after your maturity period is over. If death happens  after the maturity period , the survivor/nominee will only get the  Sum Assured(SA) . No wonder, it has been marketed with a t

LIC Jeevan Rakshak Plan Key Features & Highlights of LIC Jeevan Rakshak LIC Jeevan Rakshak is a participating Endowment plan offering savings and protection It offers bonus in the form of loyalty additions post the completion of 5 years of the plan It is a non-medical fixed benefit plan that allows participation in profits through loyalty additions An optional rider of LIC Accident Benefit can be opted for with the plan.                                                                                                                                                                                                       Benefits of LIC Jeevan Rakshak Maturity Benefit -  The Basic Sum Assured along with Loyalty Additions (if any) are paid in a lump sum amount to the policyholder on survival at the end of the policy term. This is applicable only if all premiums have been duly paid.LIC Jeevan Rakshak offers the following benefits to the prospective policyholder - Death Benef

Marriage Fund Plan :                                                       LIC Marriage Endowment/ Education Annuity Plan  is a  child policy  such that Sum Assured plus Bonus would be paid for the child’ s benefit on the term’ s maturity even if the Life Insured dies before. Thus, nothing is payable immediately to the nominee on death of the Life Insured, unless accidental; only the future premiums are waived and paid by the company such that the Maturity Benefit of the Sum Assured plus Bonus is duly paid. Key Features of LIC Marriage Endowment / Education Annuity Plan : Premium needs to be paid till maturity or earlier death. T here are inbuilt benefits like Premium Waiver Benefit and Accidental Death Benefit. There are additional riders like Critical Illness Benefit and Term Benefit riders. On Maturity the Life Insured or his nominee would receive the Sum Assured + Bonus. The proposer or his nominee has the option to get the Maturity Amount in 10 half-yearly instalment

Child Insurance Plans                                              You wish to see your child do better than you.... this dream can be realized only if you support it with the right financial planning and secure your child's education and higher education expenses, their extracurricular activities as well as supporting their talent and of course marriage expenses. The only way to get over this worry is to choose a sizeable child planwhich will secure the future of your child.                                             Child plans are regular life insurance policies designed in such a way that they meet the needs of your children financially as and when it arises. The most important benefit in child plan is that even if the parent were to meet with an unfortunate event your child's needs would still be taken care of. Not only does the child plan offer a lump-sum payment on the death of the policyholder, but it also waives of all future premiums and the insurance company c

LIC Insurance Jeevan Saathi                               This is a joint life insurance plan for married couples. The plan provides financial protection against death of both the lives. It pays the maturity amount on survival of one or both the lives to the end of the policy term.                                The premiums under this policy is calculated on the mean age of Husband and Wife. Mean age is calculated as per the chart provided by LIC. Premium waiver benefit is inbuilt in this policy. Features Joint life insurance policy for husband and wife Additional accidental sum assured Double tax benefit (either husband or wife can avail the tax benefit) Premium waiver benefit on death of any one Loan available against the policy

LIC Insurance Home Loan Home insurance or homeowners’ insurance is a type of insurance which providers the policy holder coverage against damages sustained by the house, its contents and any loss of valuables. Additional living expenses, damage inflicted by the homeowners on the home is also covered, provided it is under the terms and conditions of the property policy. With house and home insurance in India, the policy holder is offered a great deal of protection against such events if they were to occur. Companies such as LIC and Bajaj Allianz offer homeinsurance and homeowners insurance policies at reasonable rates and ones which come with many add-ons and benefits. There are two main types which you will learn about in our Introduction to home insurance. The first one is content insurance, which provides protection against damages sustained to any personal items and valuables. Documents, jewelry and other personal belongings which the homeowners hold valuable are insured

LIC Insurance in Nagpur                                                         We see advertisements for it numerous times when watching television and billboards put up across town, urging pedestrians to sign up for life insurance or advertisements for LIC in India. So what is Life Insurance exactly? Through our Introduction to Life Insurance section at BankandFinance.com we will teach you everything you need to know. It is a type of contract between two parties, usually an insurer and an insurance policy holder. An insurer is the individual who insures or protects the future of another in the form of money. He/she will pay the beneficiary (policy holder) a certain amount of money at the time of their death. This is done to protect the beneficiary from future financial worries and problems. When looking at India in particular, insurance is used to increase the individual’s personal finance and to plan for income tax payment. Over the last fourteen years, lifeinsurance has becom

LIC Children Plan                                       After becoming a father you need to start planning for the expenses on your children's higher education, professional degree and marriage. Children's plan is a life insurance policy that helps you in sharing expenses in the future of your children.                                              Higher education in India, especially professional courses, is becoming expensive by the each day. The good old days of government support is practically over. Marriage is also an expensive event in the life of an average Indian. Insurance companies offer policies such as children's money back, which give a defined payout at a defined period for the need of the children. The most favorable aspect of a children insurance plan is that the money is clearly earmarked for the use of the child at a target date for a particular purpose, be it education or marriage.                                            According to children

LIC Investment Plan                                   An endowment policy is a life insurance policy designed to pay a lump sum after a specified term or on earlier death of the insured. It is a long-term, regular savings plan with built-in life cover. An endowment policy works as an investment tool, benefiting the insured from the addition of bonuses over time.                              According to an endowment plan, the policyholder pays regular premiums for the policy term. If the policyholder dies during the policy term, the nominee gets the death benefit - the sum assured and accumulated bonuses up to that point. On survival, the policyholder gets a survival benefit, including bonuses, if any. An endowment policy typically matures after ten, fifteen or twenty years up to a certain age limit. Some policies also pay out in the case of critical illness. Endowment plans are popular as they instill a regular saving habit in people. They ensure a secure present and a more secu

LIC Money Back Plan Money back is a type of insurance where the insured person gets insurance coverage as well as a regular income. This kind of insurance is very good for the purpose of saving. Additionally you have many tax saving benefits.  You may go in for this money back policy to utilize the tax-free sum of money receivable that can be used for any purpose. Or you can re-invest the amount. According to money back life insurance policy, you keep getting a percentage of the sum assured during lifetime of the insurance policy. In case of the insurer outliving the term, he gets the remaining corpus with accrued options like bonus. In the event of the death of the insured before the full term of the policy, the insurer's nominee gets the sum assured irrespective of the number of installments received, with accrued benefits.

         LIC Educational Loan                                        Banks have set eligibility for students as well for co-applicant.The student should be an Indian national with good academic track record and has secured admission to a recognized University/College. All loans require a co-applicant who has to fulfill the basic criteria to apply for an educational loan.The co-applicant can be a salaried or self employed parent, sibling or a relative with a steady source of income.The age, annual income, work experience in the current organization and total work experience, educational qualification and profession of the co-applicant are all considered by banks to decide on a amount for an educational loan.

LIC Business Loan                  Banks provide loans to business people for their short or long term financial needs. At various stages of running a business, capital is needed either for long term or short term needs. Business loans are provided to all kinds of enterprises like sole proprietorships, partnerships and private limited companies. Though income requirements can vary depending on banks, normally net income of the concern should be more than Rs. 150,000 per annum for business loan up to Rs. 15 lakh and over Rs.3 lakh for business loan above Rs. 15 lakh. A maximum of two incomes of the partners or directors holding a minimum of 25% stake each can be clubbed to the income of the concern. So, before going for a business loan properly review the situation and see how much money you need and at what time. And don't forget to review your financial situation to know how much loan you actually need and how much money you can repay easily.

LIC Personal Loan                       Eligibility criteria for personal Loan will differ for salaried and self employed individual. Your age, annual income, work experience in the current organization and your total work experience, educational qualification and your profession are all considered by banks and financial institutions to decide on a personal loan amount for you. For some banks and financial institutions the city you live in and the company you work for are important deciding factors.

 Loan against property is a secured multi-purpose loan with longer tenure and lesser rate of interest than a personal loan. If you own a valuable asset in the form of a self-occupied house or a commercial property you can go for it. The criterion for applying for a loan against property is that it should be a freehold and self-owned property, having a clear and marketable title. The loan is given as a certain percentage of the property's market value.

LIC Money Back plan                                  This is a money back plan which provides periodical returns of survival benefits during the policy term. In this plan 20% of the sum assured is payable at the end of 5th,10th and 15th year of the policy term, and the balance of 40% plus the accrued bonuses becomes payable at the 20th year.                                  In the event of death at any time within the policy term, the death claim comprises full sum assured without deducting any of the survival benefit amounts, which have already been paid. Similarly, the bonus is also calculated on the full sum assured.  Features Survival Benefits are paid periodically Balance of the sum assured along with accrued bonuses is paid at the end of policy term  Premium payment term is only 15 years Double Tax Benefit u/s 80 C and u/s 10 D Death risk cover is 125% of the basic sum assured Additional accidental sum assured Loan is available against this plan

LIC Insurance Anmol Jeevan Plan                                 Anmol Jeevan   II  is a pure term insurance plan which is primarily for protection only.  This policy provides high risk coverage at low premiums but there is no maturity value. The plan provides financial protection to the insured's family and dependent against unfortunate death of the policy holder during the policy term. In case, the policy holder survives the policy term, the insurance policy is terminated without any maturity returns. Features High risk coverage at low premiums No maturity returns This plan has no surrender value Loan cannot be taken against this policy Tax benefit u/s 80C and u/s 10(D)

LIC Insurance Amulya Jeevan Plan                             Amulya  Jeevan   II  is also a pure term insurance plan which is primarily for protection only.  This policy provides high risk coverage at low premiums but there is no maturity value. The plan provides financial protection to the insured's family and dependent against unfortunate death of the policy holder during the policy term. In case, the policy holder survives the policy term, the insurance policy is terminated without any maturity returns. The basic difference between Anmol Jeevan  II  and Amulya Jeevan  II  is the Sum Assured. Anmol Jeevan  II  is limited to the maximum sum assured of  Rs  24,00,000.00 ( Rupees 24 Lakhs only).  Amulya Jeevan  II  is for the customers who want even higher risk cover. Features: High risk coverage at low premiums No maturity returns This plan has no surrender value Loan cannot be taken against this policy Tax benefit u/s 80 C and u/s 10(D)

  LIC Insurance Endowment Plan                       This is the most popular form of life assurance since it not only makes provision for the family of the Life Assured in the event of his early death, but also assures a lump sum at any desired age. Being an Endowment assurance plan, this policy is suitable for people of all ages and social groups. This is a savings oriented plan which earns a high bonus. The premium is very low as compared to other policies and returns are high.  Features Life risk cover for the life insured Additional accidental risk cover Moderate Premiums High bonus Savings oriented plan The upper limit of additional accidental sum assured is Rs 50 Lakhs only.