Life Insurance Industry is changing very fast, IRDA (Insurance Regulatory Development Authority) is trying day and night to provide best Life Insurance Advisors to Life Insurance Industry. It has changed the syllabus, and pass percentage of the candidates applying for IRDA exam dropped from 80-90% to 30-40%. There are various reasons behind it. Most of the people are joining life insurance industry are part timers and they have very busy life style and it is difficult for them to crack the IRDA exam by just studying 50hours in a classroom training.
There is a online training course is available for people who are facing problems in clearing IRDA exam or for those who need detailed idea about IC-33 like difficult words, concepts, practice papers, course curriculum, chapter wise marks bifurcation, study material, mock test etc. There are more than 15 online practice papers based on IRDA exam pattern, each and every chapter is explained with the help of training videos, you can access these videos 24X7 from your home either early morning, late night, during Sunday or from your office during lunch hour. All you need to do is register there and start studying.
Filing Income tax is on main priority these days for every one as 31st July 2012 is the last date for many people but there are many cases as well where ITR can be filed by 31st March 2013.
For Saving taxes under Section 80 (C) &Section 80 (D) Call 99100-39879 Services only in Delhi NCR
For Saving taxes under Section 80 (C) &Section 80 (D) Call 99100-39879 Services only in Delhi NCR
Why filling return is important what are benefits/losses of filing ITR’s? What is refund? Do I have to attach any document along ?
How to Save Income Tax, Pan & Return, Refund, and where to deposit.
For Saving taxes under Section 80 (C) &Section 80 (D) Call 99100-39879 Services only in Delhi NCR
Which form is required to file ITR? There are many forms like ITR 1, ITR 2, ITR 3, ITR 4, ITR 4S or SUGAM.
ITR forms as per your income and profession
For Saving taxes under Section 80 (C) &Section 80 (D) Call 99100-39879 Services only in Delhi NCR
When you have learned which form is to be filled you can download them by clicking on their names.
LIC is the biggest insurer in India with maximum number of child plans. There are 10 plans in LIC OF INDIA and they can surely meet the requirements of any individual who wants to plan for the future of his kids.
LIC OF INDIA’s child plans can be divided into two categories.
Category I : It includes plans like Marriage Endowment, Jeevan Chhaya, Jeevan Anurag & Jeevan Ankur
Category II : It included plans like Komal Jeevan, Jeevan Kishore, Child Career, Child Future, Jeevan Tarang
In Category I plans Parent are insured and child is the beneficiary( Nominee) so these plans are suitable for those people who have no insurance at all on their name or their insurance is not adequate. If these people take these plans then their family is safe along with their kids.It guarantees a corpus for your kids whether you are there with them or not.
LIC MARRIAGE ENDOWMENT
Marriage Endowment : This is an Endowment Assurance plan that provides for benefits on or from the selected maturity date to meet the Marriage/Educational expenses of the named child. 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 Revisionary 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 maturity even if the life assured dies before the maturity date. Final (Additional) Bonus may also be payable provided a policy is of a certain minimum term.
Death Benefit: The Sum Assured plus accrued bonuses up to maturity is payable on maturity even though death occurs during policy term. This may be paid in a lump sum or in ten half-yearly instalments at the option of the beneficiary.
Maturity Benefit:
The Sum Assured plus all bonuses declared up to maturity date is payable on survival to the end of the term either in a lump sum or in ten half-yearly installments, as opted by you.
LIC JEEVAN CHHAYA
Jeevan Chhaya : This is an Endowment Assurance plan that provides financial protection against death throughout the term of the plan. Besides payment of Sum Assured immediately on death, one-fourth of Sum Assured is payable at the end of each of last four years of policy term whether the life assured dies or survives the term of the policy.
This is a with-profits plan and participates in the profits of the Corporation’s life insurance business. It gets a share of 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. Bonuses for full term on the full Sum assured are paid at the end of the term even if death occurs during policy term. Final (Additional) Bonus may also be payable provided policy has run for certain minimum period.
Benefits on death/survival: One fourth of the sum assured is payable at the end of each of last four years of the policy term. On death/survival all bonuses declared during the term of policy will also be paid along with the last installment. These benefits are payable whether the life assured survives the policy term or dies during the term of policy. Further, on death during the policy term, an amount equal to Sum Assured is also payable immediately.
LIC JEEVAN ANURAG
Jeevan Anurag : LIC’s Jeevan ANURAG is a with profits plan specifically designed to take care of the educational needs of children. The plan can be taken by a parent on his or her own life. Benefits under the plan are payable at pre specified durations irrespective of whether the Life Assured survives to the end of the policy term or dies during the term of the policy. In addition, this plan also provides for an immediate payment of Basic Sum Assured amount on death of the Life Assured during the term of the policy.
Assured Benefit Payment of 20% of the Basic Sum Assured at the start of every year during last 3 policy years before maturity. At maturity, 40% of the Basic Sum Assured along with reversionary bonuses declared from time to time on full Sum Assured for the full term and the Terminal bonus, if any shall be payable. For example, if term of the policy is 20 years, 20% of the Sum assured will be payable at the end of the 17th,18th, 19th year and 40% of the Sum Assured along with the reversionary bonuses and the terminal bonus, if any, at the end of the 20th year.
Death Benefit Payment of an amount equal to Sum Assured under the basic plan immediately on the death of the life assured. No premiums are payable thereafter. Benefits as per following table are payable in addition:
Table giving pre-specified benefits :
Date on which payable
Payable Amount
Three years before date of maturity
20% of Sum Assured
Two years before date of maturity
20% of Sum Assured
One year before date of maturity
20% of Sum Assured
On date of maturity
40% of Sum Assured + vested Simple Reversionary Bonuses + Final (Additional) Bonus, if any
OPTIONS OF PAYMENT OF PREMIUM
Following premium paying terms are offered:
(i) Single Premium- One Year
(ii) Regular Premium payable during (n-3) Years, where n is the policy term
(iii) Regular Premium payable throughout the policy term
Loan: Policy Loan is permissible under the policy after it acquires a paid-up value but before starting of payment of assured benefits. The terms and conditions of loan and the rate of interest applicable will be as fixed by the Corporation from time to time. At present, the rate of interest is 9% p.a. compounding half-yearly.
LIC JEEVAN ANKUR
Jeevan Ankur : Please click on http://www.licjeevanankur.com for more details.
In Category II plans Kid are insured and Parents are the proposers so these plans are suitable for those people who already have insurance at all on their name and that too adequate as in these plans LIC follow the concept of matching Insurance i.e. A parent can take insurance on his child’s name equal to Rs 2lac or in case of more than 2 lacs to the extent equal to his existing insurance only.
