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Finance Is A Broad Term Thad Describe Activities Associated With Banking, Leverage Or Debt, Credit, Capital Market, Money And Investments. Basically, Finance Represents Money Management And The Process Of Acquiring Needed Funds. Finance Also Encompasses The Oversight, Creation, And Study Of Money, Banking, Credit, Investments, Assets, And Liabilities That Make Up Financial System.
The Time Value Of Money Is One Of The Most Fundamental Theories In Finance. It States That A Dollar Today Is Worth More Than A Dollar In Time.
Many Of The Basic Concepts In Finance Originate From Macro And Macroeconomic Theories. One Of The Most Fundamental Theories Is The Time Value Of Money, Which Essentially States That A Dollar Today Is Worth More Than A Dollar In A Future.
Since Individuals, Businesses, And Government Entities All Need Funding To Operate, The Finance, Field Include Three Main Sub-Categories: Personal Finance, Corporate Finance, And Public Finance.
This Includes Finance Of Investment 3 Years Or More. Sources Of Long Term Finance Include Owner Capital, Share Capital, Long Term Loans, Debentures, Internal Funds And So On
This Is Financial Done Between 1 To 13 Years, This Can Be Sourced From Bank Loan And Financial Institutions.
This Is Finance Needed Below One Year. Funds May Be Acquired From Bank Overdrafts, Commercial Paper, Advances From Customers, Trades Credit Etc
This Is Where The Finance Manger Decides Where To Put The Company Funds. Investment Decisions Relating To The Management Of Working Capital, Capital Budgeting Decision, Management Of Mergers, Buyer Or Leasing Of Assets. Investment Decision Should Create Revenue, Profit And Save Costs.
Here A Company Decides Where To Raise Funds From. They Are Two Main Sources To Consider Mainly equity And Borrowed. From The Two Decision On The Appropriate Mix Of Short And Long Term Financing Should Be Made. He Source Of Financing Best At A Given Time Should Also Be Agreed Upon
These Are Decisions As To How Much How Frequent And In What From To Return Cash To Owners. A Balance Between Profits Retained And The Amount Paid Out As Dividends Should Be Decided Here
Liquidity Means That a Firm Has Enough Money to Pay Its Bills When They Are Due and Have Sufficient Cash serves To Meet Unforeseen Mergence’s. His Decision Of The Urn Assets So You Don’t Become Insolvent Or Fail To Make Payments
Without Money, You Cannot Get Labor, Land And So On With The Finance Function You Can Determine What Is Required To Start Your Business And Plan For It.
To Remain In Business You Must Cater To The Day To Day Operating Cost Such As Paying Salaries, Buying Stationery, Raw Material, The Finance Function Ensure You Always Have Adequate Funds To Cater To This.
A Business Needs To Grow Otherwise It May Become Redundant No Time. With The Finance Function, You Can Determine And Acquire The Funds To Do So.
You Need Money To Purchase Assets. This Can Tangible Assets Like Furniture, Buildings Or Intangible Like Trademarks, Patents, Etc To Get This You Need Finances
To Starts A Business You Need To Know How Much Is Required To Open It. So, The Finance Function Helps You Know How Much The Initial Capital Is, Much Of It You Ave And How Much You Need To Raise.
Once You Know What Needs To Be Raised You Look At Are as you Can Raise The dose Funds From. You Can Borrow Or Get From Various Shareholders
After Identifying Arias Fund Sources Compare The Cost And Risk Involved. The Choose The Best Source Of Financing That Suits Your Business Needs.
Once The Funds Are Raised It Is Time To Invest Them. Investment Decisions Should Be Done In A Manner That A Business Gets Higher Returns. Cost Of Funds Procurement Should Be Done In Manner That A Business Gets Higher Returns. Coat Of Funds Procurement Should Be Lower Than The Return On Investment, This Will Show A Wise Investment was Made.
An Entity Income Exceeds Its Expenditure Can Lend Or Invest The Excess Income To Help That Excess Income Produce More Income In The Future. Though On The Other Hand, An Entity Whose Income Is Less Than Its Expenditure Can Raise Capital By Borrowing Or Selling Equality Claim Decreasing Its Expenses, Or Increasing Its Income. The Lender Can Find A Borrower A Financial Intermediary Such As A Bank Or Bu Notes Or Bond The Bond Market. The Lender Receives The Borrower Pays A Higher Interest Than The Lender Receives, And The Financial Intermediary Earns For Arranging The Loan
Finance Is Used By Individuals, By Government, By Businesses And Other Organization Such As School And Non-Profit Organization In General The Goals Of Each Of The Above Activities Are Achieved Through The Use O Appropriate Instruments Mythologies. With Consider To Their Institutional Setting
Finance Is One Of The Most Important Aspects Of Business Management And Includes Analysis Related To Use And Acquisition Of Funds For The Enterprise. In Corporate Finance A Company S Capital Structure Is Total Mix Of Financing Method It Uses To Raise Funds. One Method Of The Debt Financing, Which Include Bank Loan And Bond Sale. Another Method Is Equity Financing The Sale Of Stock By A Company To Investors, The Original Shareholders They Own A Portion Of The Business Of A Share. Ownership Of A Share Gives The Share Holder Certain Contractual Right And Power, Which Typically Include The Right To Receive Declared Dividends And To Vote The Proxy On Important Matters.
Finance Planning Involves Analyzing The Current Financial Position Of Individuals To Formulate Strategies For Future Needs Within Financial Constraints. Personal Finance Is Specific To Every Individual’s Situation And Activity; Therefore, Financial Strategies Depend Largely On The Personal’s Earnings, Living Requirements, Goals, And Desires.
For Example, Individuals Must Save For Retirement, Which Requires Saving Or Investing Enough Money During Their Working Lives To Fund Their Long Term Plans. This Type Of Financial Management Decision Falls Under Personal Finance.
Personal Finance Includes The Purchasing Of Financial Products Such As Credit Cards, Insurance, Mortgages, And Various Type Of Investments. Banking Is Also Considered A Component Of Personal Includes Checking And Saving Accounts And Online Or Mobile Payment Services Like PayPal And Venom.
Corporate Finance Refer To The Financial Activities To Running A Corporation, Usually With A Division Or Department Set Up To Oversee The Financial Activities.
For Example, Large Company May Ave To Decide Whether To Raise Additional Funds Through A Bond Issue Or Stock Offering. Investment Bank May Advise The Firm On Such Considerations And Help Them Market The Securities.
Startup May Receive From Angel Investors Or Venture Capitalists In Exchange For A Percentage Of Ownership. If A Company Thrives And Decides To Go Public It Will Issue Shares On A Stock Exchange Through And Initial Public Offering To Raise Cash
In Other Cases, A Company Might Be Trying To Budget Their Capital And Decide Which Project To Finance Which To Put On Hold In Order To Grow The Company. These Type Of Decision Fall Under Corporate Finance.
The Federal Government Helps Prevent Market Failure By Overseeing The Allocation Of Resources, Distribution Of Income And Economic Stability. Regular Funding Is Secured Mostly Through Taxation. Borrowing From Banks. Insurance Companies, And Other Nations Also Help Finance Government Spending.
In Addition To Engaging In Day To Day Operations Government Body Also Has Social And Responsibilities. A Government Is Expected To Ensure Adequate Social Program For Its Tax-Paying Citizens And Maintain A Stable Economy So That The People Can Save And Their Money Will Be Safe.
Financial Statements Are Essentially The Report Cards For Businesses. They Tell Story, In Number, About The Financial Health Of The Business.
Financial Economic Is The Branch Of Economics Studying The Interrelation Of Financial Variables Such As Prices Interest Rate And Share As Opposed To Goods And Services. Financial Economics Concentrates On Influences Of Real Economic Variable On Financial Ones In Contrast To Pure Finance It Centers On Managing Rick In The Context Of The Financial Markets, And The Resultant Economic And Financial Models
Financial Market Is Market In Which People And Entities Can Trade Financial Securities, Commodities, And Other Fungible Items Of Value At Low Transaction Cost And At Prices That Reflect Supply And Demand. Securities Include Stocks And Bonds, And Commodities Include Precious Metals Or Agricultural Goods.
With The Financial Sector, The Term Financial Markets Is Often Used To refer Just To The Market That Are Used To Raise Finance: For Long Term Financer, The capital Markets; For Short Term Finance The Money Market .Another Common Use Of The Term Is As A Catchall For All The Market In The Financial Sector As Per Examples In The Break Down Below.
This Loan Is Currently Available Only For Select Sellers On The Marketplaces Who Have Partnered With Bank. To Know If You Are Eligible Log In To The Seller Portal On The Marketplaces You Operate In To Check If You Are Eligible For A Credit Facility From Bank
You Can Apply For The Loan By Logging Into The Seller Portal Of The Market Places That Has Partnered With And Selecting Bank As Option.
Bank Offers A Revolving Line Of Credit As Well As Term Loan To Customers To Know Which One Are Eligible For, Log In To Your Marketplace Seller Portal.
The First Line Of The Income Statement Represents Revenues Or Sale. From That We Subtract The Cost Of Goods Sold, Which Gives Gross Margin. Subtracting OPERATING Expenses From Gross Margin Gives Us Operating Income. We Then Interest Expense, Taxes, And Other Expenses To Arrive At Net Income.
Earnings Before Interest, Depreciation, Taxes And Amortization Gives A Good Idea Of Company’s Profitability And Is Quick Metric For Free Cash Flow Because It Will Allow You To Determine How Much Cash Is Available From Operations To Pay Interest, Capes, Etc. Abita Rev-Exp. It Can Be Used In Rough Valuation As A Metric Such As Abita.
Enterprise Value Is The Value Of An Entire Dorm, Both Debt And Equity. This Is The Price That Would Be Paid For The Company In The Event Of An Acquisition Without Premium. Ev = Market Value Of Equity + Debt+ Preferred+ Minority Interest – Cash
FAO Is The Contracting Out Of A finance Or Accounting That Was Once Commonly Performed In House
The Process Of Providing The Finance And Accounting Functional Outsourcing From Services From Remote Location This Type Will Usually Result In The Most Cost Effective Solution For Companies That Select A Mature Outsourcing Vendor As It Allows To Leverage An Outsourcer Investment In Infrastructure, System Personal And Processes.
This Is The Process Of Outsourcing A Finance And Accounting Function To Accompany That Perform These Services In Another Country. This Type Of Outsourcing Is Most Effective When Dealing With Large Volumes Of Repetitive Transactions, Mostly For Fortune 1000 Companies. Most Organization Utilize This Method When Cost Saving Is The Primary Objective
This Is The Process Of Outsourcing A Finance And Accounting Function To Company In The Same Country.
The Process Of Providing The Finance And Accounting Functional Outsourcing Services By Placing Staff On Site At The Client Location. While This Does Allow For Aces To Expertise, It Si Not Generally The Most Effective Method Of Outsourcing As It Provides Limited Leverage Of The Outsourcers Investment In Infrastructure And Systems.
Accounting System Are Safe. Rfs Processes And Workflow Solutions Integrate Seamlessly With Most Earp And Accounting.
THE FLOW OF MONEY THROUGHT THE FINANCIAL SYSTEM SLOWA DOWN OR STEP AS ARESULT ALL FACETS OF THE GLOBAL ECONOMY DEPEND UPON AN ORDERLY PROCESS OF FINANCE, CAPITAL MARKETS PROVIDE THE MONEY TO SUPPORT BUSINESS AND BUSINESS PROVIDE THE MONEY TO SUPPORT INDIVIDUALS.
THE FIELD OF FINANCE IS LARGELY ABOUT HELPING BUSINESS AND OTHER ORGANIZATIONS MAKE MONEY. FINANCE MAJORE LEARN HOW TO MAKE FINANCIAL DECISION FOR ORGANIZATIONS. COURSE WORK COVERS SUCH TOPICS AS PLANNING, RAISING FUNDS MAKING WISE INVESTMENT, AND CONTROLLING COSTS
THE MOST COMMON TYPE OF FINANCIAL INSTITUTIONS INCLUDE COMMERCIAL BANK, INVESTMENT BANKS, BROKERAGE FIRMS, INSURANCE COMPANIES, AND ASSET MANAGEMENT UNDS. OTHER TYPE INCLUDE CREDIT UNION AND FINANCE FIRM. FINANCIAL INSTITUTIONS ARE REGULATED TO CONTROL THE SUPPLY OF MONEY IN THE MARKET AND PROTECT CONSUMER
A BANK IS A FINANCIAL INSTITUTION THAT ACCEPTS DEPOSITS FROM THE PUBLIC AND CREATES CREDIT. LENDING ACTIVITIES CAN BE PERFORMED EITHER INDIRECTLY THROUGH APITAL MARKETS. DUE TO THEIR IMPORTANCE IN THE FINANCIAL STABILITY OF A COUNTRY, BANK ARE HIGHLY REGULATED IN MOST COUNTRIES.
HE DIFEENCE BETWEEN FIAC AND ACCOUNTING IS THAT ACCOUNTING FOCUSES ON THE DAY-TO-DAY FLOW OF MONEY N AND OUT OF A COMPANY OR INSTITUTION, WHEREAS FINANCE IS A BROADER TERM FOR THEMANEMETN OF ASSETS AND LIABILITES AND THE PLAING OF FUTURE GROWTH.
Insurance Is A Term In Law And Economics. It Is Something People Buy To Protect Them Selves From Losing Money. People Who Buy Insurance Pay A Premium (Often Paid Every Month) And Promise To Be Careful (A Duty Of Care)
Insurance Is A Contract, Represented By A Policy, In Which An Individual Or Entity Receives Financial Protection Or Reimbursement Against Losses From An Insurance Company Pools Clients Risks To Make Payment More Affordable For Insured.
Insurance Policies Are Used To Hedge Against The Risk Of Financial Losses, Both Big And Small, That May Result From Damage To The Insured Or Her Property, Or From Liability For Damage Or Injury Caused To A Third Party.
How Insurance Works>
There Is A Multitude Of Different Type Of Insurance Policies Available, And Virtually Any Individual Or Business Can Find Insurance Company Willing To Insure Them For A Price. The Most Common Types Of Personal Insurance Policies Are Auto, Health, Homeowners, And Life. Most Individuals In The United States Have At Least One Of These Types Of Insurance, And Car Insurance Is Required By Law.
Businesses Required Special Type Of Insurance Policies That Insure Against Specific Type Of Risks Faced By A Particular Business. For Example, St Odstarant Ed Policy That Cover Damage Or Injury That Occurs As A Result Of Cooking With A Deep Fryer. An Auto Dealer Is Not Subject To This Type Of Risk Does Require Coverage For Damage Or Injury That Could During Test Drives.
When Choosing Policy, It Is Important To Understand How Insurance Works
A Firm Understanding Of These Concepts Goes A Long Way In Helping You Choose The Policy That Best Suits You Needs.
A Policy’s Premium Is Its Price, Typically Expressed As A Monthly Cost. The Premium Is Determined by the Insurer Based on Your Business’s Risk Profile, Which May Include Credit Worthiness. For Example, If You Own Several Expensive Automobiles And Have A History Of Reckless Driving, You Will Likely Pay More For An Auto Policy Than Someone With A Single Mid Range Sedan And A Perfect Driving record. However, Different Insurers May Charge Different Premiums For Similar Policies O Finding The Price That Is Right For You Requires Some Legwork.
As A process, Insurance Companies Examine The Type Of Coverage, The Like hood Of A Claim Eying Ade, The Area Where The Policy Holder Lives, His Employment, His Habits, His Medical Condition Among Other Factors.
Insurance Companies Employ Actuaries For The Purpose Of Determining, For Example, The Likelihood Of A claim Being For A Heart Attack Or Cancer Or Another Critical Illness By Individuals Across Various Age Groups And Lifestyles. The Greater The Risk Associated With An Event / Claim, The More Expensive The Insurance Premium Will Be.
Insurance Companies Offer Policyholder A Number Of Option When It Comes To Paying Insurance Premium. Policyholder Can Generally Pay The Insurance Premium In Installments, For Example Monthly Or Semi-Annual Payment Or They Can Even Pay The Entire Amount Upfront Before Cover ages Starts.
The Policy Limit Is The Maximum Amount An Insurer Will Pay Under A Policy For A Covered Loss. Maximums May Be Set Per Period, Per Loss Or Injury, Or Over The Life Of The Police, Also Known As The Life Time Maximum.
Typically, Higher Limits Carry Higher Premiums. For A General Life Insurance Policy, The Maximum Amount The Insurer Will pay Is Referred To As The Face Value, Which Is The Amount Paid To A Beneficiary Upon The Death Of The Insured.
The Deductible Is Specific Amount The Policy Holder Must Pay Out Of Pocket Before The Insurer Pays A Claim. Deductibles Serve As Deterrents To Large Volumes Before Small And Insignificant Claims. Deductibles Can Per Policy Or Per Claim Depending On The Insurer And The Type Of Policy. Policy With Very High Deductibles Are Typically Les Expensive Because The High Out Of Pocket Expense Generally Results In Fewer Small Claims.
With Regard Health Insurance, People Who Have Chronic Health Issues Or Need Regular Medical Attention Should Look For Policies With Lower Deductibles. Though The Annual Premium Access To Medical Care Thought The Year May Be Worth The Trade Off.
Health Insurance Is An Insurance Product Which Cover Medical D Surgical Expenses Of Animus Individual. It Reimburses The Expenses Incurred Due To Illness or Injury Or Pays The Care Provider Of The Nurse Individual Directly.
Medicare Or Medical Cost Are Rising Year On Year. As A matter Of Fact, Inflation In Medicare Is Higher Than Inflation In Food And Other Articles. While Inflation In Food And Clothing Is In Single , Digit Medicare Cost Usually Escalate In Double Digits
For An Individual Who Hasn’t Saved That Much Money, Arranging For Funds At The Eleventh Hour Can Be Task. This Is Particularly Daunting For Seniors, Given That Most Ailments Strike At An Advanced Age.
One way To Provide For Health Related Medical Emergencies S By Health Insurance. Health Insurance Offers Considerable Flexibility In Term Of Disease Ailment Coverage
Is A Type Of Health Insurance Designed To Manage Risks Associated With Cancer. It Helps Mitigate The Cost Of Cancer Treatment And Provides Policy Older With Financial Support.
It Si Critical To Provide For Health Related Contingencies Like Cancer So As To Reduce Rest On Your Finances. O One Wants To Be Afflicted By Cancer. But Wishing T Away Is Hardy The Solution If There Is Something About Cancer That Is Fairly Well- Acknowledged It Is The Fact That It Can Strike Anyone Regardless Of Family History And Lifestyle Incidence Of Cancer Is Rising In India Alarmingly
Term Insurance Is A Life Insurance Product, Which Offer Financial Coverage To The Policyholder For A Specific Time Period. In Case Of Death Of The Insured Individual During The Policy Term, The Death Benefit Is Paid By The Company To The Beneficiary. One Should Know Importance Of Term Insurance Key Feature And Why You Should Opt For It Before Buying Term Insurance
The Purpose Of Taking Life Insurance Is To Provide Life Cover To The Policy Holder And Financial Security To His Family.
FSince Term Life Insurance Plans Are More Affordable It Is Possible For An Individual To Option For A Higher Life Cover For The Same Premium As An Endowment Plan. For E.G. 30- Years Old Can Get A Term Plan With A Cover Of Rs 1crore For A 30 Years Term By Paying A Premium.
The Policy Holder Can Attach Rider To The Term Plan. There by Enhancing The Utility Of The Policy. So By Option For A Critical Illness Rider Or A Critical Illness Plan, For Instance, He Is Entitled He Is Entitled To Receive The Sum Assured On Being Diagnosed The Critical Illness. This Is In Addition To The Death Benefit Of An Equal Amount On Death Over The Term Of The Policy. There Are Other Riders To Choose From Like Loss of Employment The Life Cover More Suitable And Meaning
Certain Insurance Companies Offer the Flexibility to Enhance the Life Cover during Critical Stage of the Policyholder’s Life. For Instance, The Policyholder May Be Permitted To Enhance Life Cover By 50% At The Time Of Marriage And By 25% At The Time Of Turning A Parent. This Makes It Possible For Him To Start With A Modest Cover And Then Enhance It As Responsibilities Increase As Also The Ability To Pay Higher Premium
While Insurance Companies Have Ben quick To Innovate In General They Have Been Most Innovative With Regards To What Is Term plan. For Instance Companies Have Been Quick And Proactive In Cutting Premium Rates Even Offering Extra Discount To Certain Categories Like Non Smoker, For Instance. By in Term Plans Is Now Convenient Thanks To The Internet. It Is Possible For Healthy Individual, As Defined By The Insure, Buy A Term Plan Over The Internet Without Taking A Medical Test.
The Net Asst Value Of A Unit Linked Insurance Plan Mutual Fund Is The Total Value Of Its Holdings Net Of Admissible Expenses.
The Nav Is Calculated By Adding The Mutual Fund’s Holding As On Particular Day Less All Liabilities Like Management Fees, Operating Expenses, Marketing Expenses, Among Other Permissible Expenses And Charges.
The Net Asset Value Represents The Value Of The Total Holding Of The Ulip/ Mutual Fund.
It Ay Be Divided By The Number Of Unit Held By Investors And, There by Represent The Net Asset Value Per Unit
There Is Some Misconception With Regards The Nav. Investors Perceive A Higher Nav As Being Expensive And May Choose To Give The Investment A Miss. They May Settle For An Investment With A Lower Nav Because It Is Inexpensive
As We Have Seen Rhea Nave Is Merely The Book Value Of The Mutual Fund’s Investment Minus Expenses. It Is Not Inflated Nor Is It Misrepresentative. It Represents The Fair Price Of Its Assets Should The Mutual Fund Liquidate All Its Investments On That Day. Investors Need Not Be Concerned About The Price Being Too High Or Low. There for, Higher Or Lower Nav Holder No Significance And Should Not Be The Basic For Indentifying The Right Ulp / Mutual Fund.
A Term Insurance policy Provides Financial Security To The Family In Case Of Untimely Demise Of The Primary Breadwinner. As A Rule Of Thumb, You Should Get A cover Equal To Ten To Twenty Times Your Annual Income. Based On Your Requirements You Can Choose From Various Types Of Term Plans Available: A Pure Term Plan, turn Of Premium Plan, Increasing Sum Assured Plan, Or arm Insurance Plan With Income Benefit. You Can Further Customize The Coverage TO MEET YOUR PARTICULAR REQUIREMENTS THROUGH ADD ON Covers Including Accidental Death Benefit Rider, Critical Illness Cover, And Waiver Of Premium . There Are Considerable Benefits Of Purchasing An Insurance Policy Online. Read On To Find Out Everything You Need To Know Before Buying A Term Insurance Plan.
Term Plans With Many Flexibilities And Additional Benefits Are Available Aplenty. The Most Popular Propositions/ Plans Available In The Market Are Describe Below. You Can Choose One Based On Your Insurance Needs.
The Simplest To Understand Is A Pure Term Plan That Pays Out A Fixed Sum Assured To The Nominee In Case Of The Death Of The Insured During The Term Of The Term Of The Policy. Such Plans Do Not Pay Anything On Survival Of The Insured Till The End Of The Policy Term. The Premium Of Pure Term Plan Primarily Depends On Factory Such As Age Of The Insured, Gender, Whether The Insured Is A Smoker, Term Of The Policy, Premium Payment Term And The Sum Assured These Are Plain Vanilla Offerings Within Products Typically Have The Lowest Premiums Among All Product Option Available.
Many Customers Cannot Reconcile With The Fact That Pure Term Plans Do Not Provide Any Monies Back If They Survive Till The End Of The Policy Term. For Such Customers, Return Of Premiums Paid Under Plan Are Paid Back. The Sum Assured Is Paid Out To The Nominee In Case Of Death During The Term. These Kinds Of Plans Are Much Costlier Than Pure Plans As They Promise A Benefits On Survival In Addition To That On Death.
The Exact Opposite Of A Decreasing Plan In This Plan The Sum Assured Increased By A certain Percentage Typically Capped To Multiple Of The Original Sum Assured. The Premiums Are Higher Than A Level Plan As Benefit Amount Increases With Each Passing Year. Such Plan Are Designed To Increase Cover Along With Increasing Income Levels Of The Customer. Many Plans Give An Option At The Time Of Purchase To Increase Sum Assured Each Year Without The Need For Further Underwriting. Customer Can Pay Higher Premiums Each Years And Available The Revised Higher Sum Assured.
Term Insurance Is Typically Taken For The Purpose Of Income Replacement. To Make The Product Benefits Match Customer Needs Better, Income Benefit Is Offered Where In The Nominee Gets Desired Sum Assured In Periodic Installment. A Part Of The Benefit Is Still Offered As Lump Sum In Some Of These Plans. A Key Benefit Of The Plan Is That It Is More Tax Efficient The Hands Of The Nominee Than A Lump Sum based Plan. Typically, ANY Lump Sum Assured Will Be Invested In An Interest-Bearing Financial Instrument, And The Periodic Interest Received Could Be Taxable. Nominee Also Get Option To Commute The Future Income Payment An Any Point And Get A Lump Sum Instead Which Is Equal To The Present Value Of Outstanding Income Benefit Installments.
Additional Benefits/Risk Covers Might Be Built In Some Term Plan Making Them More Comprehensive Term Plan Aims To Cover The Financial Risk Associated With Death, Disease And Disability. Some Of These Risk Cover Are In Built And
Some Are Offered As Rider Or Add Ones By Charging An Additional Premium. Some Of The Most Rider Or Add-On Cover Are:>
This Rider Pays An Additional Sum To The Nominee, Over And Above The Sum Insured, In Case The Insured Dies In An Accident. Such Plans Are Preferred By Young Customer Who Perceive A Higher Threat Of Accident As A Cause Of Death.
This Cover Pays A Lump Sum Amount To The Insured One Diagnosis Of Any Of The Specified Critical Illnesses. This Amount Can Be Used As The Insured Sees Fit And Has No Sub Limits Or Conditions Imposed. Critical Illnesses Can Lead to Massive Medical Expenditure Which Can Far Overshoot the Cover Available in the Medical claim/ Indemnity Based Plans. Hence, Critical Illness Cover Become Truly A Critical Component Of Protection Needs Of An Individual. Such Plans Are Offered On Accelerated Or Additional Basis. In Case Of Accelerated Critical Illness Covers, Part The Death Benefits Is Paid In Advance At The Time Of Critical Illness Diagnosis And The Rest Is Paid On Death. Additional Critical Illness Rider Provide A Critical Illness Sum Assured Independent Of And Without Reducing The Death Benefit.
This Rider Off All The Future Premiums In Case A Covered Condition Such As Disability Or Critical Illness Occurs. In Such Case, The Policy Continues To Be In Force Despite The Premiums Not Being Paid And Death Benefit Is Paid In Case Of Unfortunate Death During The Term.
Before Purchasing An Insurance Policy, A Prospective Buyer Can Research About Various Insurance As Well As The Offerings. This Is Easily Possible Thanks To Insurance Aggregators. One Can Read Various Articles About Different Of Insurance Products As Well As SCRUTINIZE Reviews Offered By Customer Before Finalizing The Product And The Insurer.
One Can Complete The Entire Process Of Purchasing Insurance Right From Research To Finally Receiving The Documents From The Comfort Of One Home Office
The Entire Process Of Purchasing Term Insurance Online Is Paperless. The Distributor Commission Is Also Eliminated As Customer Is Buying Directly From Insurer Online. This Enable The Insure To Offer You Saving In The From Of Lower Premiums.
NOW A DAYS, LEADING INSURRERS AS WELL AS AGGREGATORS POSE INTUITIVE AND LOGIC DRIVEN QUESTION S TO A PROSPECTIVE BUYER. ON THE BASIC OF THE ANSWER, OPTIONS ARE OFFERED TO THE PROSPECTIVE BUYER. THIS MAKES IT EXTREMELY EASY FOR INDIVIDUAL TO CHOOSE THE APPROPIATE POLICY.
NLEADING INSURANCE HAVE DEVELOPED MOBILE APPLICATION TO SMOOTHEN THE CLAIM SETTLEMENT PROCESS. CUSTOMERS CAN BE KEPT INTIMATED ABOUT CLAIM SETTLEMENT STATUS THROUGH EMAIL AND SMS.
THIS PLAIN OFFER ENTIRE SUM ASSURED AS LUMP- SUM ON DEATH OF THE POLICY HOLDER OR O DIAGNOSIS OF TERMINAL ILLNESS. ALSO, ALL FUTURE PREMIUMS ARE WAIED UPON TOTAL PERMANENT DISABILITY DUE TO AN ACCIDENT..
IN THIS PLAIN, IN ADDITION TO THE LIFE OPTION, IN THIS PLAN, YOU WILL RECEIVE OF FUTURE PREMIUMS NOT ONNLY ON TOTAL PERMANENT ACCIDENTAL DISABILITY BUT ALSO ON DIAGNOSIS OF THE COVERED CRITICAL ILLNESS.
IN ADDITION TO THE BENEFITS OF LIFE OPTION, IN THIS PLAN, YOU WILL RECEIVE WAIVER OF FUTURE PREMIUMS NOT ONLY ON TOTAL PERMANET ACCIDENTAL DISABILITY BUT ALSO ON DIAGNOSIS OF ANY OF THE 34 COVERD CRITICAL ILLNESS.
IN ADDITION TO THE BENEFITS UNDER LIFE LONG PROTECTION PTION, YOU WILL ALSO RECEIVE WAIVER OF FUTURE PREMIUMS UPON DIAGNOSIS OF ANY OF THE 34 COVERED CRITICAL ILLNESS. YOU PAY PREMIUMS ONLY TILL THE AGE OF65 BUT STAY COVERED FOR WHOLE LIFE.
THIS PLAN OFFER OU THE BENEFITS OF LIFE OPTION ALONG WITH RETURN OF ALL YOUR PREMIUMS PAID ON SURVIVAL AT THE END OF THE POLICY TERM
IN THIS OPTION, YOU CAN CHOOSE THE TERM FOR EITHER LEVEL OR INCREASING MONTHLY INCOME DEPENDING ON YOURREQUIREMENT, TO BE RECEIVED BY YOUR NOMINEE TO ENSURE CONTINUOUS FINANCIAL STABILITY OF THE FAMILY.ALONG WITH THIS, YOU RECIVE ALL THE BENEFITS OF THE OPTION.
AN EXTENSION TO THE INCOME OPTION, BENEFITS INCLUDE AN ADDITIONAL SUM ASSURED PAID OUT ON ACCIDENTAL DEATH PARTLY AS LUMPSUM AND PARTLY AS INCOME.
IN THIS PLAN OPTION, THE NOMINEE RECEIVES THE INCOME STREAM EVEN IN ONE’S ABSENCE. IN CASE OF DEATH OR DIAGNOSIS OF TERMINAL ILLNESS, THE NOMINEE WILL RECEIVE 2 TIME THE APPLICABLE MONTHLY INCOME AS LUMPPSUM AS WELL AS A LEVEL INCREASING INCOME FOR RESIDUAL POLICY TERM. APART FROM THIS, ALL FUTURE PREMIUMS ARE WAIVED OFF IN CASE OF TOTAL PERMANENT ACCIDENTAL DISABILITY.
IT IS KIND OF SHARED BOND BETWEEN AN INSURED INDIVIDUAL AN INSURANCE COMPANY WHERE IN YOU PAY A CERTAIN AMOUNT OF MONEY AS PREMIUMS ON MONTHLY, YEARLY OR QUARTERLY BASIS TO AN INSURANCE COMPANY. THE INSURANCE COMPANY, IN RETURN, PROTECTS YOU AGAINST FUTURE EVENTUALITIES SUCH AS LOS OR DAMAGE DONE TO YOU YOUR FAMILY MEMBER AND PROPERTY. THERE ARE DIFFERENT LIFE INSURANCE PLANS AVAILABLE IN INDIA OFERED BY BOTH PRIVATE AND PUBLIC LIFE INSURANCE COMPANIES TO HELP YOU MEET YOUR DIFFERENT FINANCIAL NEEDS AT DIFFERENT JUNCTURE OF LIFE. THE SUM ASSURED RECEIVED FROM LIFE INSURANCE PLANS CAN BE USED FOR FULFILLING A VARIETY OF TASKS SUCH SECURITY AFTER RETIREMENT, PROTECTION, AGAINST HEALTH CARE THE COST. LIFE INSURANSE POLICIES NOT OFFER RISK COVERAGE, YO CAN ALSO BORROW MONEY AGAINST CERTAIN POLICIES. THESE POLICIES WHOLE LIFE INSURANCE PLAN.
ANOTHER TYPE OF INSURANCE AVAILABLE IN INDIA IS HEALTH INSURANCE. IT GIVES YOU PROTECTION YO AGAIN COST INCURRED IN HOSPITALIZATION DUE TO ILLNESS OR ACCIDENT, NURSING CARE, SURGERIES, CONSULTATION, DIAGNOSTIC TESTS, AMBULANCE SERVICE, HOSPITAL MEDICAL BILL E. THE ONLY THING YOU HAVE TO DO TO AVAIL THESE BENEFITS IS TO PURCHASE A HEALTH INSURANCE POLICY BY PAYING CERTIAIN AMOUNT OF PREMIUM OF YOUR INSURANCE PROVIDER WILL TAKE THE COMPLETE RESPONSIBILITY OF PROTECTING YOU AGAINST THE COST INVOLVED IN MEDICAL IN MEDICAL TREATMENT. CERTAIN HEALTH INSURANCE POLICE ALSO PAY FOR REGULAR MEDICAL CHECKUPS.
THE IDEA OF PURCHASING A NEW CAR IN INDIA ISN’T COMPLETE WITHOUT THE ASSOCIATIVE PURCHASE OF GOOD CAR INSURANCE POLICY. AS THE NAME SO APPLY IMPLIES, CAR INSURANCE IS DESIGNED TO SAVE THE OWNER OF A VEHICLE FROM THE OFTEN EXUBERANT FINANCIAL LIABILITY IS SET TO OCCUR WHEN HIS/HER CHERISHED MEETS WITH AN UNFORTUNATE ACCIDENT OR SI DEEMED LOST. ACCIDENTS COME IN DIFFERENT FORMS BOTH NATURAL AND MAN MADE WITH A ROBUST CAR INSURANCE POLICY PROVIDING COMPREHENSIVE PROTECTION AGAINST BOTH THESEUNFORESEEN INSTANCES.
IN INDIA THE NUMBER OF TWO WHEELER MASSIVELY OUT NUMBER FOUR WHEELERS. THUS, FOR MOST INDIANS, A ROBUST TWO WHEELER INSURANCE POLICY THAT PROTECTS THEIR BIKES AGAINST NATURAL OR MAN MADE ACCIDENTS IS AN ESSENTIAL INVESTMENT. ALMOST ALL INSURE IN INDIA OFFER TWO WHEELER INSURANCE AS PRIORITY OFFERING IN THEIR ARESENAL OF PRODUCT WITH THE ADDITIONAL OPTION OF SPECIFIC ADD ON ROAD ISSUES, EVERYTHING IS TAKEN CARE OF.
TRSVELING IS ONE OF HUMANITY ‘S GREATEST PASSIONS, AND A ROBUST TRAVELS INSURANCE POLICY ENSURE THAT TRAVEL THAT ADVENTURES THAT HAVE GONE OUT OF HAND DO NOT CLAM YOU BACK FINANCIALLY. OFFERING COMPLET PROTECTION AGAINST SUCH INSTANCES AS LOSS OF BAGGAGE, PASSPOTRT AND TRIP CANCELLATION TO MAJOR MEDICAL ISSUES AND UNFORSEEN RISKS WHILE TRAVELING ABORAD, A COMPREHENSIVE TRAVEL INSURANCE POLICY IS AN EAGER EXPLORER’S BEST FRIENDS. AND PURCHASING TRAVEL INSURANCE ONLINE ONLINE IS A BREEZE AND A CONTRIBUTING FACTOR TO ITS STEADY POPULARITY.
LIKE THEY SAY HOME IS WHERE THE HEART IS WHICH EQUATES TO THE FACT THAT ENSURING THE SAFETY OF YOUR CHERISHED ASCERTAINS THE SAFETY AND HAPPINESS OF YOU AND YOU LOVED ONES. HOME INSURANCE POLICIES ARE THUS, AN IMPORTANT INVESTMENT. PROVIDING YOU ROUND THE CLOCK PROTECTION AGAINST FINANCIAL LIABILITIES ARISING FROM DAMAGE INCURRED BY YOUR HOUSE AND ITS CONTENTS, GOOD HOME INSURANCE POLICY IS THE CAUTIONS HOME OWNER’S BEST FRIEND ALMOST ALL INDIAN INSURANCE OFFER THIS PRODUCT, AND THE SAME CAN BE EASILY PURCHASED ONLINE.
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