Doing AIML PGP course with Bits Pilani!!!
Saturday, February 29, 2020
Thursday, March 8, 2012
Quotes for RE-CHARGING our self's
If you don't like something change it; if you can't change it, change the way you think about it
To build toilets is easy, but to shift people's mind and hearts is the real work. Software is more important than hardware
Limitations live only in our minds. But if we use our imaginations, our possibilities become limitless
The excitement of learning separates youth from old age. As long as you're learning you're not old
Great things are done by a series of small things brought together
Your attitudes and choices you make today build your house for tomorrow
An enemy takes up more space in your head than a friend in your heart
If you encounter a problem along your way, change your direction, but not the destination
If you search for a person without faults, You will be left alone
Ego should be like a river, It should pass on, but never burst over river banks
Ever tried. Ever failed. No matter. Try Again. Fail again. Fail better.
In a day when you don't come across any problems, You can be sure that you are travelling in wrong path
If you cannot love a person whoom you see, how can we love god whoom you cannot see
Everyone thinks of changing the world, but no one thinks of chaning himslef
Beliving everybody is dangerious, but beliving nobody is more more dangerious
If you judge people you have no time to love them
We build too many walls and not enough bridges
While we try to teach our children all about life, our children teach us what life is all about
When you loose, Don't loose the lesson
Learn the rules, so you will come to know how to break them proerly
In disagreements with the loved ones, deal only with the current situation. Don't bring up the past
Happiness is not something ready made. It comes from your own actions
Any intelligent fool can make things bigger and more complex... It takes a touch of genius - and a lot of courage to move in the opposite direction
Education is what remains after one has forgotten what one has learned in school
Know more than other; Work more than other; Except less than other
He who can no longer pause to wonder and stand rapt in awe, is as good as dead; his eyes are closedI never think of the future - it comes soon enough
Any man who can drive safely while kissing a pretty girl is simply not giving the kiss the attention it deserves
Sometimes one creates a dynamic impression by saying something, and sometimes one creates as significant an impression by remaining silent
If some one feels that they had never made any mistake, that means they had never tried any thing new
Everything should be as simple as it is, but not simpler
Gravitation is not responsible for people falling in love
If you can't explain it simply, you don't understand it well enough
It's not that I'm so smart, it's just that I stay with problems longer
Intellectuals solve problems, geniuses prevent them
Logic will get you from A to B. Imagination will take you everywhere
You can complain because roses have thorns, or you can rejoice because thorns have roses
Obstacles are those frightful things you see when you take your eyes off your goal
Opportunity is missed by most people because it is dressed in overalls and looks like work
Don’t live in the past and don’t dream of the future
Not knowing something is a milestone on the way to knowledge
Everthing that Annoys about others can help us to understand ourselfs
After entering into heaven, God will not ask you what kind of car you drove, he will ask how many people you drove who did'nt have transportation
Friday, February 17, 2012
Friday, June 17, 2011
Put the Glass Down!!!
A chemistry professor decided to teach his students a different lesson one day. Holding a glass of water in his hand, he asked the students, “How much do you think this glass of water weighs?” “500 grams!” came a voice from the back. “600,” said another student. “I don’t really know!” said the professor, holding the glass up to make sure everyone could see it. “And unless we weigh it, we won’t know.” With the glass still in his outstretched hand, the professor continued, “What will happen if I hold it like this for a few minutes?”
“Nothing!” came the reply. “Right, and if I hold it for an hour like this, what might happen?” “Your hand will begin to hurt,” said a student. “Indeed. And what would happen if I held the glass in my hand like this for 24 hours?”
“You would be in tremendous pain,” said one student. “Your hand will probably go numb,” said another. “Your arm will be paralysed and we’ll need to rush you to the hospital!” said a student on the last bench.
“True,” said the professor. “But notice that through all this, the weight of the glass did not change. What then causes the pain?”
The class went quiet. The students seemed puzzled.“What should I do to avoid the pain?” asked the professor. “Put the glass down!” said a student.
“Well said!” exclaimed the professor. “And that’s a lesson I want you to remember. The problems and worries in life are like that glass of water. Think about them for a while and nothing happens. But think about it a bit longer and they begin to hurt. And if you think about them all day long, you will feel paralysed – incapable of doing anything. It’s important to remember to let go of your problems. Remember to put the glass down!”
We may not have been in that classroom that day, but it’s a lesson we would all do well to remember. Put the glass down! Always. It’s not just problems and worries. Sometimes, we feel hurt and betrayed by a friend. And we carry that grudge through our lives. It grows and causes us anguish and pain. Learning to forgive – and forget – is not just good for the other people, it’s great for you. Nelson Mandela spent 27 years in jail and when he was finally freed, you can understand how angry and vengeful he must have felt. But guess what? When he became President, he invited his jailers to be present at the inauguration – in the VIP seats! If he could forgive after 27 years of suffering, surely we can too.
It is the same with our fears too. A failure or an incident in early childhood becomes a deeply entrenched fear over time. Fear of public speaking, fear of Maths, fear of rejection. You name it, and chances are, we have it. Someone gave us that glass to hold when we were little kids – ‘you are clumsy, you are no good, you can’t do it’ - and we have faithfully held on to it all our lives. ‘I can’t’ - becomes a thought that stays in our mind and grows – leading us to complete paralysis. Time to put the glass down!
The story goes that there was a hardworking man who lived a contented life with his wife and children. Every evening when he returned from work, he’d follow a ritual. Outside the door to his house were three nails. On the first one, he’d put his hat. On the second he’d hang his coat. And on the third nail, he’d unwrap an imaginary turban from his head and ‘put’ it there. A friend happened to see this and enquired what he was putting on the third nail every day.
“Those are my problems, my worries and my anger,” said the man. “I have lots of that at work, but when I come home, I remember to take it off – and leave them outside. I don’t take them home with me.” Maybe you should learn to do that too. Starting today. Put the glass down. And see the difference!
“Nothing!” came the reply. “Right, and if I hold it for an hour like this, what might happen?” “Your hand will begin to hurt,” said a student. “Indeed. And what would happen if I held the glass in my hand like this for 24 hours?”
“You would be in tremendous pain,” said one student. “Your hand will probably go numb,” said another. “Your arm will be paralysed and we’ll need to rush you to the hospital!” said a student on the last bench.
“True,” said the professor. “But notice that through all this, the weight of the glass did not change. What then causes the pain?”
The class went quiet. The students seemed puzzled.“What should I do to avoid the pain?” asked the professor. “Put the glass down!” said a student.
“Well said!” exclaimed the professor. “And that’s a lesson I want you to remember. The problems and worries in life are like that glass of water. Think about them for a while and nothing happens. But think about it a bit longer and they begin to hurt. And if you think about them all day long, you will feel paralysed – incapable of doing anything. It’s important to remember to let go of your problems. Remember to put the glass down!”
We may not have been in that classroom that day, but it’s a lesson we would all do well to remember. Put the glass down! Always. It’s not just problems and worries. Sometimes, we feel hurt and betrayed by a friend. And we carry that grudge through our lives. It grows and causes us anguish and pain. Learning to forgive – and forget – is not just good for the other people, it’s great for you. Nelson Mandela spent 27 years in jail and when he was finally freed, you can understand how angry and vengeful he must have felt. But guess what? When he became President, he invited his jailers to be present at the inauguration – in the VIP seats! If he could forgive after 27 years of suffering, surely we can too.
It is the same with our fears too. A failure or an incident in early childhood becomes a deeply entrenched fear over time. Fear of public speaking, fear of Maths, fear of rejection. You name it, and chances are, we have it. Someone gave us that glass to hold when we were little kids – ‘you are clumsy, you are no good, you can’t do it’ - and we have faithfully held on to it all our lives. ‘I can’t’ - becomes a thought that stays in our mind and grows – leading us to complete paralysis. Time to put the glass down!
The story goes that there was a hardworking man who lived a contented life with his wife and children. Every evening when he returned from work, he’d follow a ritual. Outside the door to his house were three nails. On the first one, he’d put his hat. On the second he’d hang his coat. And on the third nail, he’d unwrap an imaginary turban from his head and ‘put’ it there. A friend happened to see this and enquired what he was putting on the third nail every day.
“Those are my problems, my worries and my anger,” said the man. “I have lots of that at work, but when I come home, I remember to take it off – and leave them outside. I don’t take them home with me.” Maybe you should learn to do that too. Starting today. Put the glass down. And see the difference!
Wednesday, March 2, 2011
New Income Tax Slabs in Budget 2011-12
Personal income tax slabs got changed in the recent budget given by Pranab Mukharjee, details are as follows:
--> Income upto Rs.1.8 lakhs – nil.
--> Income between Rs. 1.8 lakhs and Rs. 5 lakhs – 10%.
--> Income between Rs. 5 lakhs and Rs. 8 lakhs – 20%.
--> Income above Rs. 8 lakhs – 30%.
--> Incomes of senior citizens between 60 and 80 years of age, to be exempted upto Rs.
2.5 lakhs and for those above 80 years, exemption applicable upto Rs. 5 lakhs.
Some key Highlights in this budget are:
Fiscal deficit pegged at 4.6% of GDP for 2011-12.
Fiscal deficit projected at 4.1% and 3.5% for 2012-13 and 2013-14, respectively.
Revenue deficit for 2011-12 pegged at 3.4%.
Revenue deficit for 2010-11 revised downwards to 3.4% from the budgeted estimate of 4.0%.
Net market borrowings for 2011-12 is budgeted at Rs. 3,430 billion, 2.3% over 2010-11.
Total expenditure for 2011-12 to increase by 3.4% over 2010-11.
1.4% fall in capital expenditure, while 4.1% increase in revenue expenditure over 2010-11.
Standard rate of excise duty on all non-petroleum products to be maintained at 10%.
Minimum Alternate Tax (MAT) rate to be increased from 18% to 18.5%.
Rate of service tax retained at 10%, but coverage extended.
Disinvestment receipts for 2011-12 estimated at Rs 40,000 cr.
Government to move towards direct transfer of cash subsidy for kerosene and fertilizers.
Foreign investors who meet Know Your Customers (KYC) norms to be allowed to invest in
Indian equity mutual funds.
FII limit for investment in corporate bond with residual maturity of over five years issued by companies in infrastructure sector, is raised by US$ 20 billion to US$ 25 billion
Rs 6,000 cr allotted to public sector banks to maintain a Tier 1 CRAR of 8% during 2011-12
Direct Tax Code to be implemented by April 1, 2012
Allocation to infrastructure at Rs. 2,14,000 cr for 2011-12, 23.2% higher over previous year
--> Income upto Rs.1.8 lakhs – nil.
--> Income between Rs. 1.8 lakhs and Rs. 5 lakhs – 10%.
--> Income between Rs. 5 lakhs and Rs. 8 lakhs – 20%.
--> Income above Rs. 8 lakhs – 30%.
--> Incomes of senior citizens between 60 and 80 years of age, to be exempted upto Rs.
2.5 lakhs and for those above 80 years, exemption applicable upto Rs. 5 lakhs.
Some key Highlights in this budget are:
Fiscal deficit pegged at 4.6% of GDP for 2011-12.
Fiscal deficit projected at 4.1% and 3.5% for 2012-13 and 2013-14, respectively.
Revenue deficit for 2011-12 pegged at 3.4%.
Revenue deficit for 2010-11 revised downwards to 3.4% from the budgeted estimate of 4.0%.
Net market borrowings for 2011-12 is budgeted at Rs. 3,430 billion, 2.3% over 2010-11.
Total expenditure for 2011-12 to increase by 3.4% over 2010-11.
1.4% fall in capital expenditure, while 4.1% increase in revenue expenditure over 2010-11.
Standard rate of excise duty on all non-petroleum products to be maintained at 10%.
Minimum Alternate Tax (MAT) rate to be increased from 18% to 18.5%.
Rate of service tax retained at 10%, but coverage extended.
Disinvestment receipts for 2011-12 estimated at Rs 40,000 cr.
Government to move towards direct transfer of cash subsidy for kerosene and fertilizers.
Foreign investors who meet Know Your Customers (KYC) norms to be allowed to invest in
Indian equity mutual funds.
FII limit for investment in corporate bond with residual maturity of over five years issued by companies in infrastructure sector, is raised by US$ 20 billion to US$ 25 billion
Rs 6,000 cr allotted to public sector banks to maintain a Tier 1 CRAR of 8% during 2011-12
Direct Tax Code to be implemented by April 1, 2012
Allocation to infrastructure at Rs. 2,14,000 cr for 2011-12, 23.2% higher over previous year
Monday, February 7, 2011
How to pay LIC premium Online
No need to stand in long queues, you can easily make your payment though lic online portal in few SECONDS. You need to follow some simple steps for doing this.
For paying premiums online you need to first register with the website (www.licindia.in) and then onwards you can pay your renewal premiums from your net banking accounts.
As of now Credit card payments are not accepted through this gateway.
First time Users Step by step Guide:
Open IE or Firefox, copy and paste the below link:
http://www.licindia.in/
Click on the New User link to register yourself with the portal.
You will be prompted to enter details (Policy No, Installment Premium, Date of Birth in (dd/mm/yyyy) format, and your Email ID for future communication) of the policy you wish to enroll. If you have multiple policies you can give either one of those here and later add the remaining through add policies link in the portal. Click on the button proceed.
After clicking on proceed, you will be shown the next page where you need to choose a unique username and password. Provide an username and password of your wish(remember these, you need to use these for loging in next time).
You will be landed on the below screen post successful registration.
You can check the enrolled policy(s) under the view enrolled plicies link. Eg. Below is the enrolled policy used during registration.
You can select “Enroll Policies” option to enroll all your other existing policies.
Select how many policies you wanna enroll and click on proceed
You will be shown the below screen to provide details of the othe rpolicies you wished to enroll.
Please do remember that combination of the policy number and the premium is the primary key for enrollment and you to specify the exacts of these. Once the details are entered click on Enroll Your Policies.
This is a one time enrollment, once done you will receive alerts through mails as well as sms s for the policies which are due for payment. You can see those policies highlighted on the portal which are due for payment as on date.
On the right hand side, You will see the link "Pay Premium Online" under the Customer Services menu as highlighted above. That link will open the following page.
Leave the options as they are if you want to pay premiums for the regular policies (i.e. Non Unit Linked) and click on Submit button.
You will be shown with all the policies that are due for payment as of date like below.
You may wish to select one or more policies at time by checking the check-boxes right beside the policy amount as highlighted above. If you select multiple policies in a single transaction you will get a consolidated receipt for those selected ones.
As of now LIC online portal support only online banking /debit card payments. You will be re-directed to the gateway page where you can choose your bank from a list of banks. And once you submit that page you will be directed to the respective bank’s payment channel.
At the bank site you will need to login with your net banking username/password or debit card creds. follow the formalities by the bank to complete the transaction. Post successful payment automatically you will be redirected to LIC site.
On successful transaction, a digitally signed e-receipt will be generated and e-mailed to you. In case of an unsuccessful transaction you will be informed and the reason thereof.
In the case you forgot your password, you can use the “Forgot Password” option provided on this page and reset your password.
In case you miss the receipt or wish to fetch old receipts, you can always get them (which are paid online) through on the portal.
Select the financial year and click Submit
You will see all online payments made here
Click on the respective receipt to open/save it in pdf format. Rememver this receipt will be shown in a separate window, so please allow pop-ups for this site and click on view receipt again if you don’t see it on the first click. Save it on to your hard drive for future ref.
Paying a renewal premiums as almost on the same lines mentioned above.
Now you can get the consolidated premium paid statement of all the policies(irrespective of whether you have paid the premium online or through any branch) you have registered on your profile on single click.
Note: As mentioned above you can just the consolidated IT statement but not the receipts for the individual policies for those premiums which you paid through branch. 95% of the companies(Software etc…) You can always show this IT statement as a proof fo premiums paid, which will reduce the burden of submitting multiple receipts and confusion !!!
Follow below steps post login to get the same from the portal.
Click on the consolidated premium paid statement on the right hand menu as highlighted below.
This would basically ask you select the yer for which you need the statement.
Select a financial year and clicking on submit window will open a pop-up window as shown below
As highlighted above even for the payments you have done through branches(for the policies you have enrolled on your profile) you will get a consolidated receipt.
Should you have any queries/need any help or info please feel free to get in touch with me @ subbaraobh@gmail.com
Yours Sincerely,
Subbarao Bhagavatula, SanthaMurthy Bhagavatula
Mob: 08939902193, 09866651012, 08088103005
Email: subbaraobh@gmail.com
Sunday, June 27, 2010
Why to Invest Money
It seems to be quite un-important or worth-less topic to discuss for many of the people who have just started earning. But soon after some days or may be months we will realize that we should start saving some thing planning for our future to be fruitful. There might be, In fact should be ‘n’ number of reasons behind every investment.
I know 90% of the people who are reading my blog know all the info provided here, but un-fortunately we neglect/ignore in our busy life some important things.
At the age of 20 to around 35 people, especially men should be earning covetously, at the same time they should be saving materialistically. Because we never know how/what we are going to be in this dynamic world after 2 to 3 decades.
“Security” is the utmost important term we should be keeping in mind throughout our plan for future. There might be several things we need to plan which will fall under any of the below categories.
1. Children’s Education
2. Children’s Marriage
3. Want to buy a new house
4. Want to get Pension at your old age
5. Want to be safe for any medical emergencies
6. Want to keep your family stable in your absence bla bla bla & finally comes
7. Exemption from Tax in the current year
Investments should always be diversified You can paint this on your wall. Funnily, Ambani wouldn’t have become this richest if he has invested only in Petrol. TATAs, an omni-potential giant from India have invested in around 150+ different fields to become this giant. Conclusion is that “One should always think of diversifying their investment into different sectors”. While doing this we should keep in mind
1. Our investment should yield us maximum profit (Greedy, but we should be – includes maximum risk)
2. Our investment should at least be growing good even at market crisis time (Balanced and most of us fall under this sect - includes average risk)
3. Our investment should at least never throw us into losses(Safe – includes minimum risk)
Of the above three the first one requires much skill, much time to analyze the market conditions. Though this method yields max profits there will be huge risk involved. Third option mentioned above is the safest but yields minimum profits examples for this type of investments are NSS bonds. Coming to the 2nd option, this is the most common area where majority of the people are interested to invest.
As per my knowledge one should be investing in all the above 3 areas (as I have mentioned above, investments should be diversified - not only in different fields/sectors but also with different types of profit/security margins). But majority of our investment share should be falling on the 2nd bucket keeping a share on the remaining two. Just to give you a quick heads up, I have charted down an example.
Investment today Expected Amt 10 Years down the line
Aggressive X 10X (May or Maynot be - since this
includes maximum risk)
Balanced X 5X (Guarenteed)
Safe X 2.5X (Double guarenteed)
Now after going through all the above stuff, you would need to remember one more thing to distribute your investment in 1:3:1 for being balanced altogether.
Some thing like, you wanted to save a lakh this year it should be 20k in an aggressive area, 60k in a balanced area and 20k in a safe area as mentioned earlier.
Now comes where/how we will know which investment falls under which area listed above.
ULIPs/Mutual funds/Secondary market Investments – 1st Category – Aggressive & Risky
Life Insurance Policies – 2nd Category – Balanced
NSS (Postal) Bonds – 3rd Category – Safe
FYI: All the above 3 categorized investments can be claimed for tax exemption under different sections.
I want to now walk you through different aspects of Insurance policies, which comes under the 2nd (Balanced) category we were discussing so far.
The term Life Insurance is basically self explanatory, we insuring our life to back up several aspects. The prime areas this policies cover are
1. Saving
2. Risk coverage
3. Security
4. Bulk returns &
5. Tax Exemption
These days we see many companies (public/private listed) are into this field providing different schemes/plans etc… Now while going to choose a better in fact the best insurer that suits/fits our need we should consider the following aspects
1. Standard of the company
2. Credibility/Reliability of the company
3. Financial Backup of the company
4. Service offered by the company
5. Returns guaranteed by the company
6. Previous results(consistent between what if offers and what it provides)
7. Hidden aspects
8. Risks included/involved
Below info gives you the list of Insurers registered with IRDA so far(In total they are 23).
Bajaj Allianz Life Insurance Company Limited
Birla Sun Life Insurance Co. Ltd
HDFC Standard Life Insurance Co. Ltd
ICICI Prudential Life Insurance Co. Ltd
IndiaFirst Life Insurance Company Ltd
ING Vysya Life Insurance Company Ltd.
Life Insurance Corporation of India
Max New York Life Insurance Co. Ltd
Met Life India Insurance Company Ltd.
Kotak Mahindra Old Mutual Life Insurance Limited
SBI Life Insurance Co. Ltd
Tata AIG Life Insurance Company Limited
Reliance Life Insurance Company Limited.
Aviva Life Insurance Company India Limited
Sahara India Life Insurance Co, Ltd.
Shriram Life Insurance Co, Ltd.
Bharti AXA Life Insurance Company Ltd.
Future Generali India Life Insurance Company Limited
IDBI Fortis Life Insurance Company Ltd.
Canara HSBC Oriental Bank of Commerce Life Insurance Company Ltd.
Aegon Religare Life Insurance Company Limited
DLF Pramerica Life Insurance Company Limited
Star Union Dai-Ichi Life Insurance Company Limited
Profit and Loss list of All the Insurers
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About LIC...
• Founded in “1 September 1956”, having 54 years of experience with total assets around Rs 9.31 trillion (US$ 198.3 billion) – Covers points 1 &3 above
• LIC is serving over 250 million policy holders now in India – Covers points 2 &4 above
• The recent Economic Times Brand Equity Survey rated LIC as the No. 1 Service Brand of the Country – Covers point 4 above
• There are only 3% to 5% of the cases you find where the policy holder lost his money after investing in LIC – This case happens when the policy holder ignores/neglects his payments but even here is possibility of getting part of your investment back if you would have made payment for at least 3 years – Covers points 2 &5 above
• Competing with several different private organizations, LIC provides excellent service through different channels like ‘n’ no. of branches that offer direct service to the customers, supports fully online transactions (payment reminders, online payments, online status statements etc…)– Covers point 4 above
• Through out the years since the time of emerging LIC made sure that it is committed honestly in terms of claim and maturity payments. – Covers point 6 above
• There are not much hidden charges and no hidden aspects from public in case of LIC, unlike the some of the other private organizations. – Covers point 7 above
• Finally from (m)any of the past experiences no body can dare to say investing in LIC involves risk (unless for some of the ULIPs that LIC it self sponsor which comes under the 1st aggressive category we have discussed above) – Covers point 8 above
• All in All you will have all the above said 8 qualities in LIC of India in a positive direction/sense.
I hope you understand and felt a sense of saving while reading through my blog. I am an LIC agent, Chairman’s Club member serving around 1500+ clients till now through LIC. Please reach out to me for any further queries on the above.
Please feel free to drop me a mail/call me on my mobile any time you feel like.
Yours Sincerely,
SanthaMurthy Bhagavatula,
Mob: 9985502193
Email: subbaraobh@gmail.com
I know 90% of the people who are reading my blog know all the info provided here, but un-fortunately we neglect/ignore in our busy life some important things.
At the age of 20 to around 35 people, especially men should be earning covetously, at the same time they should be saving materialistically. Because we never know how/what we are going to be in this dynamic world after 2 to 3 decades.
“Security” is the utmost important term we should be keeping in mind throughout our plan for future. There might be several things we need to plan which will fall under any of the below categories.
1. Children’s Education
2. Children’s Marriage
3. Want to buy a new house
4. Want to get Pension at your old age
5. Want to be safe for any medical emergencies
6. Want to keep your family stable in your absence bla bla bla & finally comes
7. Exemption from Tax in the current year
Investments should always be diversified You can paint this on your wall. Funnily, Ambani wouldn’t have become this richest if he has invested only in Petrol. TATAs, an omni-potential giant from India have invested in around 150+ different fields to become this giant. Conclusion is that “One should always think of diversifying their investment into different sectors”. While doing this we should keep in mind
1. Our investment should yield us maximum profit (Greedy, but we should be – includes maximum risk)
2. Our investment should at least be growing good even at market crisis time (Balanced and most of us fall under this sect - includes average risk)
3. Our investment should at least never throw us into losses(Safe – includes minimum risk)
Of the above three the first one requires much skill, much time to analyze the market conditions. Though this method yields max profits there will be huge risk involved. Third option mentioned above is the safest but yields minimum profits examples for this type of investments are NSS bonds. Coming to the 2nd option, this is the most common area where majority of the people are interested to invest.
As per my knowledge one should be investing in all the above 3 areas (as I have mentioned above, investments should be diversified - not only in different fields/sectors but also with different types of profit/security margins). But majority of our investment share should be falling on the 2nd bucket keeping a share on the remaining two. Just to give you a quick heads up, I have charted down an example.
Investment today Expected Amt 10 Years down the line
Aggressive X 10X (May or Maynot be - since this
includes maximum risk)
Balanced X 5X (Guarenteed)
Safe X 2.5X (Double guarenteed)
Now after going through all the above stuff, you would need to remember one more thing to distribute your investment in 1:3:1 for being balanced altogether.
Some thing like, you wanted to save a lakh this year it should be 20k in an aggressive area, 60k in a balanced area and 20k in a safe area as mentioned earlier.
Now comes where/how we will know which investment falls under which area listed above.
ULIPs/Mutual funds/Secondary market Investments – 1st Category – Aggressive & Risky
Life Insurance Policies – 2nd Category – Balanced
NSS (Postal) Bonds – 3rd Category – Safe
FYI: All the above 3 categorized investments can be claimed for tax exemption under different sections.
I want to now walk you through different aspects of Insurance policies, which comes under the 2nd (Balanced) category we were discussing so far.
The term Life Insurance is basically self explanatory, we insuring our life to back up several aspects. The prime areas this policies cover are
1. Saving
2. Risk coverage
3. Security
4. Bulk returns &
5. Tax Exemption
These days we see many companies (public/private listed) are into this field providing different schemes/plans etc… Now while going to choose a better in fact the best insurer that suits/fits our need we should consider the following aspects
1. Standard of the company
2. Credibility/Reliability of the company
3. Financial Backup of the company
4. Service offered by the company
5. Returns guaranteed by the company
6. Previous results(consistent between what if offers and what it provides)
7. Hidden aspects
8. Risks included/involved
Below info gives you the list of Insurers registered with IRDA so far(In total they are 23).
Bajaj Allianz Life Insurance Company Limited
Birla Sun Life Insurance Co. Ltd
HDFC Standard Life Insurance Co. Ltd
ICICI Prudential Life Insurance Co. Ltd
IndiaFirst Life Insurance Company Ltd
ING Vysya Life Insurance Company Ltd.
Life Insurance Corporation of India
Max New York Life Insurance Co. Ltd
Met Life India Insurance Company Ltd.
Kotak Mahindra Old Mutual Life Insurance Limited
SBI Life Insurance Co. Ltd
Tata AIG Life Insurance Company Limited
Reliance Life Insurance Company Limited.
Aviva Life Insurance Company India Limited
Sahara India Life Insurance Co, Ltd.
Shriram Life Insurance Co, Ltd.
Bharti AXA Life Insurance Company Ltd.
Future Generali India Life Insurance Company Limited
IDBI Fortis Life Insurance Company Ltd.
Canara HSBC Oriental Bank of Commerce Life Insurance Company Ltd.
Aegon Religare Life Insurance Company Limited
DLF Pramerica Life Insurance Company Limited
Star Union Dai-Ichi Life Insurance Company Limited
Profit and Loss list of All the Insurers
javascript:void(0)
About LIC...
• Founded in “1 September 1956”, having 54 years of experience with total assets around Rs 9.31 trillion (US$ 198.3 billion) – Covers points 1 &3 above
• LIC is serving over 250 million policy holders now in India – Covers points 2 &4 above
• The recent Economic Times Brand Equity Survey rated LIC as the No. 1 Service Brand of the Country – Covers point 4 above
• There are only 3% to 5% of the cases you find where the policy holder lost his money after investing in LIC – This case happens when the policy holder ignores/neglects his payments but even here is possibility of getting part of your investment back if you would have made payment for at least 3 years – Covers points 2 &5 above
• Competing with several different private organizations, LIC provides excellent service through different channels like ‘n’ no. of branches that offer direct service to the customers, supports fully online transactions (payment reminders, online payments, online status statements etc…)– Covers point 4 above
• Through out the years since the time of emerging LIC made sure that it is committed honestly in terms of claim and maturity payments. – Covers point 6 above
• There are not much hidden charges and no hidden aspects from public in case of LIC, unlike the some of the other private organizations. – Covers point 7 above
• Finally from (m)any of the past experiences no body can dare to say investing in LIC involves risk (unless for some of the ULIPs that LIC it self sponsor which comes under the 1st aggressive category we have discussed above) – Covers point 8 above
• All in All you will have all the above said 8 qualities in LIC of India in a positive direction/sense.
I hope you understand and felt a sense of saving while reading through my blog. I am an LIC agent, Chairman’s Club member serving around 1500+ clients till now through LIC. Please reach out to me for any further queries on the above.
Please feel free to drop me a mail/call me on my mobile any time you feel like.
Yours Sincerely,
SanthaMurthy Bhagavatula,
Mob: 9985502193
Email: subbaraobh@gmail.com
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