#sbi life insurance plan list

[healthinsurancetips22]

[amityuniversitykolkata]

Achieve Business Brilliance At The Best B.com Colleges In Kolkata

Nowadays, getting a B.Com degree is important for a commerce student, but it is not enough. It is not easy to find high-paying jobs for B.Com graduates if one has not chosen the right B.com college. This blog will help you find the best B.com college in Kolkata. Just completing a degree can’t promise you a great career after b.com but the college that provides you with the right set of skills, great placements and state-of-the-art infrastructure is crucial. Amity University Kolkata is the best college in Kolkata, it makes its students ready for a great career in commerce. 

Scope for B.Com in different sectors

There are too many options available for you after pursuing a B.com course in Kolkata from Amity University. Some of them are listed below.

Banks

B.com graduates generally opt for the banking sector because banks have large-scale accounting operations. A B.Com graduate is proficient in handling financial transactions. Both private & PSU banks choose B.Com graduates as they are skilled in banking operations as part of their course. A plethora of private sector banks are functioning in the country that offer exceptional employment possibilities to commerce graduates. For PSU, bank candidates can appear in different exams that IBPS, & SBI conduct for recruiting officers and executives.

Finance

India is home to many Non-Banking Finance Companies (NBFC) that offer guaranteed & unsecured loans for different purposes. They operate under RBI regulations and cannot accept deposits, but are interested in financing activities.

These NBFCs hire B.Com graduates as they are proficient in accounting, taxation, & commercial operations.

Accounting

As discussed earlier, there is enormous scope for B.com graduates in accounting because they are dexterous in managing the accounts and finances of the company. All firms like to have clean accounts because they want to decrease the auditing cost every year.

Insurance

India offers an expansive market because of its middle class having exemplary purchasing power. The scope for B.Com increases because both life and general insurance products are popular among the masses. The B.com graduates are specialists in accounting who service clients by citing premiums and other advantages as part of their insurance plan.

Taxation

In this field, B.com holders can go for chartered accountants, financial risk managers, tax consultants, tax specialists, senior tax managers, tax compliance managers, cost estimators, lecturers, stockbrokers, financial analysts, and actuaries. Many people struggle to file tax returns because they cannot file returns online. B.Com graduates aid clients in filing returns and generating their tax statements, saving them from last-minute nuisances.

Education

There is immense scope for B.Com graduates in the education sector students can opt for a B.Ed and accordingly become a TGT or PGT.  Students clearing the National Eligibility Test (NET) are also eligible jobs of lecturer and professors. 

Wealth Management

If you are familiar with the various investment options that provide good returns, then wealth management is an excellent career for you. With expertise in accounts & business mathematics, B.com graduates can become wealth managers & help people create wealth through intelligent investment moves.

Apply today!!

Amity is the premium B.com college in Kolkata. Aspiring students are encouraged to grab this opportunity to be a part of the community dedicated to academic superiority, personal development, and professional success.

Source: https://amityuniversitykolkata.blogspot.com/2024/05/achieve-business-brilliance-at-best.html

[grdindia]

Top Home Loan Providers in India: Fulfilling Your Homeownership Dreams

Owning a home is a significant milestone in one's life, and it often begins with securing the right home loan. In India, several financial institutions and banks offer home loans, each with its unique features and benefits. To help you make an informed decision, we've compiled a list of some of the top home loan providers in India known for their competitive interest rates, flexible repayment options, and excellent customer service.

Introduction

Choosing the right home loan provider is a crucial step in your homeownership journey. Factors such as interest rates, loan tenure, processing fees, and customer service can significantly impact your experience. Here, we'll explore some of the leading home loan providers in India.

Factors to Consider When Choosing a Home Loan Provider

Before we dive into the list of top home loan providers, it's essential to consider the following factors:

Interest Rates: Look for competitive interest rates that suit your budget and financial goals.

Loan Tenure: Evaluate the flexibility of loan tenure options to align with your repayment capacity.

Processing Fees: Compare processing fees and choose a lender with reasonable charges.

Customer Service: Consider the quality of customer service, including responsiveness and assistance throughout the loan process.

Prepayment and Foreclosure Charges: Review any penalties or charges for prepayment or foreclosure.

Loan-to-Value Ratio: Understand the maximum loan amount as a percentage of the property's value.

Additional Features: Some lenders offer unique features like top-up loans, balance transfer options, and customized insurance plans.

Top Home Loan Providers in India

Here are some of the top home loan providers in India, renowned for their reliability and customer-centric approach:

HDFC Bank: HDFC Bank is a leading provider of home loans known for its competitive interest rates and quick approval process.

State Bank of India (SBI): As India's largest bank, SBI offers a range of home loan products, including affordable interest rates and flexible repayment options.

ICICI Bank: ICICI Bank provides tailored home loan solutions, including special schemes for non-resident Indians (NRIs).

Axis Bank: Axis Bank offers customizable home loans with competitive rates and a straightforward application process.

Bajaj Finserv: Bajaj Finserv is known for its hassle-free home loan approvals, minimal documentation, and flexible repayment options.

LIC Housing Finance: LIC Housing Finance specializes in housing finance and provides various home loan products to suit different needs.

Kotak Mahindra Bank: Kotak Mahindra Bank offers personalized home loan solutions with a focus on customer convenience.

Bank of Baroda (BOB): BOB provides affordable home loans with attractive interest rates and flexible repayment tenures.

Punjab National Bank (PNB): PNB offers competitive home loan products with additional features like top-up loans.

Housing Development Finance Corporation (HDFC Ltd.): HDFC Ltd. is one of India's largest housing finance companies, offering a wide range of home loan options and excellent customer support.

Conclusion

Securing a home loan is a significant step towards fulfilling your homeownership dreams. When choosing a home loan provider, it's crucial to carefully evaluate your options, compare offers, and consider your specific requirements. Remember that the right lender can make your journey towards homeownership smoother and more rewarding.

[sanemyamen]

Short Term Insurance Market Analysis, Size, Growth, Competitive Strategies, and Worldwide Demand

Latest business intelligence report released on Global Short Term Insurance Market, covers different industry elements and growth inclinations that helps in predicting market forecast. The report allows complete assessment of current and future scenario scaling top to bottom investigation about the market size, % share of key and emerging segment, major development, and technological advancements. Also, the statistical survey elaborates detailed commentary on changing market dynamics that includes market growth drivers, roadblocks and challenges, future opportunities, and influencing trends to better understand Short Term Insurance market outlook. List of Key Players Profiled in the study includes market overview, business strategies, financials, Development activities, Market Share and SWOT analysis are UnitedHealth Group (United States),OUTsurance Holdings Limited (South Africa),National General Insurance (United States),The IHC Group (United States),Aviva plc (United Kingdom),PSG Konsult Limited Group (South Africa),SBI Holdings (Japan),Pivot Health (United States),Lidwala Insurance (United Kingdom),Liberty Mutual Group (United States) Short term insurance policy covers various types of matters like a job change, health, car, death coverage, and various other things. The short-term insurance plans are typically for the period of 30 to 90 days and have a valid up to 12 months and provide protection for a limited period. This insurance is not costly as it is for the short term and requires a lesser premium amount than the long term insurance plans. It can be used by a group of people or any individual, although short term plan also varies according to the tenure. Key Market Trends: Increasing Consumption of Short Term Health Insurance

Integration of Telematics and AI in the Short Term Insurance Opportunities: Rising Technological Advancement in the Short Term Insurance Market Growth Drivers: Increasing Demand for Low Premium Rates Insurance Plans

Growing Number of Diseases Over the Last Few Year Requires Health Insurance Plans to Cover the Expenses

Challenges: A large number of Short Term Insurance Providing Companies The Global Short Term Insurance Market segments and Market Data Break Down by Type (Job Change Coverage, Medical Coverage, Life Coverage, Car Coverage, Others), Application (Individual, Group), Distribution Channel (Insurance Agency, Agents, Online Insurance Companies, Others), Features (Tax Benefits, Death Benefit, Additional Rider Benefit, No Survival Benefits)

Presented By

AMA Research & Media LLP

[policyidea-blog]

Why One Must Invest in a Good Life Insurance plan?

Life Insurance is an Investment that can help meeting our various financial goals. It also provides life protection in case of any unforeseen circumstances. As a matter of fact, it can secure your family even after your demise. In short life Insurance policy enables the dual benefit of life coverage as well as returns on maturity.

There are many categories of Life Insurance policies. Premium paid in all varies based on their features.

Some Life Insurance policy types are enlisted below.

Life Insurance Policy Plans

Endowment Plans

Pension Plans

Group Plans

Unit Linked Insurance Plans

Rural Plans

Health Insurance Plans

Term Plans

How Rahul Secured his future & family with Life Insurance plans.

Rahul is 35 years old married marketing professional. His wife is a homemaker, they got 2 kids, 5 years and 2 years old respectively. Rahul is earning Rs. 75,000 monthly. He's having few concerns as follows.

1. What will happen to his family if he dies?

2. How will he arrange huge funds for his children's education?

3. How shall he save his tax?

He wanted to go for a plan that can address all his concerns. One day when he was searching for something online he saw in the advertisement. It was related to some Life Insurance. He never paid attention to such flashy messages earlier. But this time he liked the message. Actually, it covered all his pain areas. It was visible on one of the online policy aggregators websites. He immediately got a solution to all his issues. These details on the website were related to Term Plans; endowment and other related policies. With the help of these products, he could safeguard his family. At the same time could build a corpus of funds for his kid's education after 15-20 years. Both these plans were good to save taxes as well.

The best part was the Investment required was not much. However, was good enough to save taxes. He felt on top of the world. His happiness was as good as winning a jackpot. He immediately brought these plans. One was a traditional plan for Investment. Another was the term plan for life cover.

Initially, it was difficult for him to decide which company to choose from. All of them had different products at different prices.

Some of the leading players, he came across were as follows.

Life Insurance Companies

ICICI Life Insurance

PNP Met Life

Aviva Life Insurance

Max New Your Life Insurance

SBI Life Insurance

Life Insurance Corporation of India

Aditya Birla Capital

Birla Sun Life

Aegon Life Insurance

Bajaj Alliance Life Insurance

HDFC Standard Life Insurance

Exide Life Insurance

IDBI Federal Life Insurance

Bharati Axa Life Insurance

He did a quick comparison of the products and plans of these Insurance companies online. Finally selected the one that had the most suitable features.

Salient Features of Life Insurance Companies

Why people choose these Life Insurance companies is because they offer many benefits because of  their features and benefits as follows.

1. Life Coverage

One of the best advantage of these Insurance policies is Life coverage. That means that at the time of the death of policyholder his family is entitled to get the Insured amount. The premium that needs to be paid is very nominal. Policy terms may vary between 10 to 30 years. Even if the Insured person expires at 3rd year of the policy even than his beneficiary will get the complete amount.

2. Maturity Benefits

Life Insurance is not just covering your life for any uncertainty it is a kind of investment as well. The premium that we paid gets accumulated as a fund. After the completion of the policy term, we get an accumulated amount. It is a great investment as funds that we get after maturity is including interest and other bonuses.

3. Financial Goals.

Life Insurance policies help in meeting many financial goals.A few of them are as follows.

Financial Goals

Child Education

Daughters Marriage

Buying a house

Retirement Benefits

Wealth Maximization

We may have many financial goals. All these can be achieved with ease with the help of these Life Insurance policies. We can get in touch with any distribution network or an agent and address our query. Alternatively, we can also check the comparison sites and take decisions accordingly.

5. Income Tax Benefits.

These Life Insurance policies provide many Income Tax benefits as well. As per section 80c, we can plan our tax savings. While choosing the policy we should select the one that can assist in saving maximum tax.

6. Riders Benefits.

All these policies come with more than one riders. There are many riders available with term plans. They help us in managing many ad-hoc risks. Some of the riders are listed below

Sno. Riders

Terminal Illness

Critical Illness

Additional Disability

Additional Coverage

How to select Life Insurance companies?

Since there are so many companies available in the market. It becomes difficult to decide where should we buy the policy.

We can take the decision based on a few factors as follows.

Amount of premium

We can calculate the amount of premium easily by using online calculators. The premium amount is based on many other factors as well. Some of them are like the amount of Sum Insured, riders, age, etc. If we want to ensure more amount for life than premium will be more and vice versa. Earlier we start investing lesser will be the amount of premium. The rider can increase the amount of our premium too. After adding all these factors such as age, riders we can check the exact amount. We can compare it with different Insurance companies as well. We may select the one that provides the best price.

Financial Targets

Financial goals differ from person to person. Whether our concern is child education or daughter's marriage we will need funds. However, a requirement may be different from person to person. Likewise, we may have many other challenges. Many of them will involve money. Another objective that one may have is wealth maximization. With Life Insurance plans we can solve all our problems and achieve our goals.

Company year of operation

If the company is in operation for a long time than it automatically builds credibility. We must check the year of establishment of the firm. That will give us some idea about their business history.

Kind of Products

Life Insurance Companies have many customized plans. They are designed as per the need of an individual or business. We can choose from any of the categories. Many of them have been listed above.  To summarize they are in the form of various endowments plans, pension plans, specialised health plans, term plans, etc.

Features of the policies

Life insurance policy got numerous products as we know.  Every plan has got different features. For example, If we take Health Plans than they will offer different benefits as compared to Pension. Furthermore, within the same plans, benefits will differ. So first we should decide what plan we want term, endowment or health. Accordingly, compare the features and select the most suitable.

Additional benefits

In this competitive world, every Insurance policy wants to be better than others. To excel they usually offer many benefits better than the competitors. We should consider that before buying any policy. Some of these additional benefits can be in the form of riders or otherwise. There are few policies that offer the benefits of loans against your policy. Whereas others may have the benefit of providing bonuses after locking year. We should analyze and know all these advantages and make our decision accordingly.

With so many variants available, we must select a policy with due diligence. Important is we must make a decision early. As Life Insurance serves as a very good source of Investment.

[paybimainsurance]

Best Guaranteed Return Plan

We should all plan our funds to deal with unexpected expenses so that we can be better prepared for the future. With several insurance firms providing many insurance policies with more benefits. By investing in the greatest guaranteed income plans, you can be sure of receiving guaranteed returns that will help you achieve your goals to a large extent.

Before investing in any plan, it is best to thoroughly examine it to see whether it provides adequate benefits in terms of life coverage and maturity. Additionally, it should offer death benefits to the beneficiary after you die. Along with these, you will receive a bonus, tax deductions, regular income, and peace of mind from these assured plans.

Here are listed the 10 best guaranteed return plan in India that can prove a better investment option in 2022.

ICICI Prudential Cash Advantage Plan

Max Life Guaranteed Income Plan

Bajaj Allianz Save Assure Plan

LIC New Jeevan Anand

Edelweiss Tokio Life G CAP Plan

SBI Life Smart Money Back Gold Plan

Canara Smart Monthly Income Plan

Tata AIA Life Insurance Secure 7 Plan

HDFC Life Sampoorn Samridhi Plus Plan

PNB Metlife Money Back Plan

[norimeanewsletter]

Know why term insurance premiums are likely to increase

While the death claims are across product categories, insurance companies do not re-insure the underwriting risks taken across all products.

NEW DELHI: The term insurance plans, which provide only life cover and have no investment component – are likely to become expensive by anywhere between 10-20% next year.

The reason being reinsurers, who share some of the underwriting risk of the insurance companies, have decided to increase their rates (for sharing the risk).

During the Covid-19 pandemic, the life insurance companies saw the death claims increase substantially, and so was their claims from reinsurers.

For example, SBI Life, one of the listed life insurance companies, saw total death claims rise 74% in 2020-21, while HDFC Life witnessed payment related to death claims rise 28% during the financial year.

While the death claims are across product categories, insurance companies do not re-insure the underwriting risks taken across all products. Since term insurance plans are pure protection products, they give a much bigger life cover at a fraction of cost.

For example, one can take a Rs 1-crore insurance cover by paying as low as Rs 7,500-12,000 a year.And since the insurance companies are taking a bigger risk on these plans, they share the risk with a reinsurance company by paying a fee.

The pandemic has resulted in larger death claims payments, which in turn mean reinsurers had to also make increased reinsurance payments to insurance companies. An increase in premium depends on the claims ratio or claim experience of the insurers.

“It is likely that some re-insurers may raise their prices. The reason for the same is that due to multiple factors, including Covid-19, the actual number of claims settled has been higher than expected. Hence, keeping in mind the future macroeconomic factors, the underlying mortality rate along with other criteria, some reinsurers have taken the decision to revise rates,” says Varun Gupta, Chief & Appointed Actuary, Bharti AXA Life Insurance.

According to Jitendra Singh, vice-president, Swastika Insurance Broking Services Limited, the premium may increase between 10 -20%. He says that many insurers have already increased the premium whereas some insurers are likely to increase it in due course of time.

Who’s getting impacted

If you already have one or more term insurance plan(s), you should not be worried about any increase in your premium as life insurance premiums are locked from the day one purchases the insurance policy.

“Existing customer or customers who are looking to buy insurance in the next few days, need not worry about the increase in premiums as the premium amount they are currently paying will remain locked and not be impacted by the reinsurers decision to increase premiums,” says Gupta. But those looking to delay their purchases may have to shell out more – especially – if they fall in the above 35-year age category.

Why term insurance is necessary

As explained earlier, term insurance plans are pure protection plans, which means that only in case of the death of the life insured, the family/nominee gets the sum assured.

Term insurance plans are cheaper because the whole premium goes towards providing death cover unlike in investment insurance products such as Unit-linked Insurance Plans (ULIPs), where a part of the premium is used for creating an investment portfolio.

Term insurance premiums may get expensive by 10-20%, but they are still the most effective when it comes to providing financial security to your family in your absence.

Credit: Dipak Mondal

Date: 13th December 2021

Source: https://www.newindianexpress.com/business/2021/dec/13/know-why-term-insurance-premiums-are-likely-to-increase-2394985.html

[firstwatercapital]

lic ipo: LIC, Adani Wilmar, NSE and OYO among 75 IPOs to watch out for in 2022

New Delhi: The primary markets saw 2021 as a historic year and are contemplating 2022 on similar lines, with a long queue of companies eyeing to make their Dalal Street debut.

 As many as 75 companies are in the IPO pipeline, with 37 having valid observations from Sebi and the remaining 38 awaiting market regulator’s go-ahead after filing their DRHP, suggests a report from Axis Capital.

 Even in the March quarter, 23 companies are looking to collectively raise nearly Rs 44,000 crore through initial share sales, of which a significant chunk will be garnered by technology-driven companies.

 “We foresee moderation in the primary market in terms of numbers of offerings,” said Vinod Nair, Head of Research at Geojit Financial Services.

 However, the IPO market will be supported by the government’s divestment plan, start-ups and new growth in the economy, he added. “Going ahead, investors are expected to be choosy in terms of quality and pricing of IPOs.”

 However, investors are keenly waiting for the issues of some of the most buzzed names, including the insurance behemoth Life Insurance Corporation of India (LIC).

 LIC is the most awaited issue this year, but the company has not filed its DRHP yet and it requires ample clearances and regulatory approvals before knocking on the doors of the primary market.

 Even for the government itself, LIC’s IPO holds paramount importance. The Centre is eyeing to raise to Rs 80,000-1,00,000 crore, a major chunk of Rs 1.75 lakh crore divestment plans, diluting its 5-10 per cent stake.

 The market for primary issuances is likely to be buoyant in 2022, thanks to a strong pipeline of DRHP with SEBI and observations received from the market regulator, said Ricky Kirpalani, Lead Sponsor, First Water Capital Fund.

 “However, the LIC IPO is likely to take the lion’s share of the expected mobilization,” he added. “The recent tepid listings may slow the flurry run, but overall it will be healthy, as long as quality names are available at a reasonable price.”

 NSE is another highly anticipated issue. The largest derivatives bourse and India’s leading exchange is eyeing to raise Rs 10,000 crore via the share sale.

 The company’s shareholders include several prominent names such as State Bank of India (SBI), LIC, IFCI, IDBI Bank, Goldman Sachs, Stock Holding Corporation, Tiger Global and Citigroup, among others.

 Adani Wilmar, the joint venture between Adani Group and Singapore’s Wilmar Group, is likely to raise Rs 4,500 crore via IPO route for capital expenditure for expansion of existing manufacturing facilities, which will entirely be a fresh issue.

 After the success of, and PB Fintech, homegrown start-ups will continue to launch their mega issue for the investors in 2022. Oravel Stays (OYO), Delhivery and PharmaEasy will hog the limelight this year, as they eye to raise to Rs 22,150 crore via IPOs.

 Apart from these, Snapdeal, Droom Technology, LE Travenues Technology (Ixigo), Ola, One Mobikwik Systems and Byju’s are some of the key start-ups lined up to raise fresh capital via the primary route.

 However, the majority of start-up IPOs have been mega-sized issues as they provide an exit to a large number of existing investors and promoters to offload their stake.

 “Our start-up ecosystem, already the 3rd largest in the world, too, will continue to flourish. We have already seen several start-ups attaining unicorn status this year and believe that it is a trend that will continue in 2022,” said Ravi Kumar, Co-Founder & CEO, Upstox.

Among the traditional businesses, investors will be keenly awaiting the IPOs SBI Mutual Funds and Bajaj Energy along with VLCC Health Care, Sterlite Power Transmission, Tracxn Technologies and Go Airlines.

 Emcure Pharmaceuticals, Vedant Fashions, Paradeep Phosphates, Medanta, Seven Islands Shipping, Aether Industries, Five Star Business Finance and Vedant Fashions (Manyavar) are expected to float their initial share-sales.

 India will continue to be an attractive destination for investment as the macroeconomic parameters remain stable, and will continue to support consumption and investment, said Kumar of Upstox.

 “A large untapped market, favourable demographics, rising financial literacy, increasing smartphones and low-cost internet penetration will continue to boost equity participation,” he added.

 In 2021, 63 companies raised about Rs 1.20 lakh crore through their initial stake sales. Apart from this, a couple of REITs and InvITs raised more than Rs 11,500 crore during the year.

 The record funding for companies comes despite weak market sentiment arising from the nationwide Covid-19 lockdown in the first half of the calendar year.

[supernews]

SBI planning to offload 6% stake in AMC through initial public offer

The country’s largest lender, State Bank of India (SBI,) is planning to offload a 6 per cent stake in its mutual fund subsidiary SBI Funds Management Private Ltd (SBI mutual fund) through an initial public offer (IPO). The lender however, has not indicated a timeline for coming to the market with a public offer.

The executive committee of the bank's central board has accorded approval for exploring possibilities to offload a 6 six per cent stake of the bank in SBI Funds Management Private Limited through IPO route. The move is subject to receipt of all regulatory approvals, the bank said in filing with the BSE.

SBI currently holds 63 per cent stake in the mutual fund company and the remaining 37 per cent stake is held by AMUNDI Asset Management through a wholly owned subsidiary, Amundi India Holding.

The other asset companies listed on exchanges are UTI Asset Management, Aditya Birla Sun Life Asset Management Company and Nippon Life India Asset Management Ltd.

SBI has maintained that it is looking to monetise a part of its stake in the subsidiaries by listing them on the stock exchange. The monetisation is expected to bring in capital for parent SBI. Apart from the mutual fund company, the bank had also indicated that it would list the general insurance company.

The other SBI group entities already listed on exchanges include SBI Cards and SBI Life Insurance.

[healthinsurancetips22]

[classyfoxdestiny]

ASK AJIT: Are these stocks good to hold for one year?

ASK AJIT: Are these stocks good to hold for one year?

‘Should I hold , exit or accumulate in 1-3 months short term and 1+ year long term?’

  Ajit Mishra, vice president, Research, Religare Broking, answers your queries:

Chidambarasamy Manickam: Can you let me know if I should hold or exit the below scripts please?

Ajit Mishra:

Company No of shares Price Recommendation HCL Info Systems 1,905 Rs 18.50 Exit Indian Railway Finance Corporation 575 Rs 26 Hold ONGC 85 Rs 145 Hold Sun TV 255 Rs 566 Exit South Indian Bank Limited 3,360 Rs 18.50 Prefer ICICI Bank TV18 Broadcast Limited 1,575 Rs 36 Exit Yes Bank 225 Rs 55 Exit if not under lock-in

  Sriparna Mondal: I have the following stocks for the past 4-5 years. Other than the ETF, almost all are down 50 per cent from the purchase price. Does it make sense to hold the stocks any longer or how should I exit and what stocks I can buy in lieu? Please advise.

Ajit Mishra:

Company No of shares Price Recommendation BSE 90 Rs 1,013 Hold ICICI ETF 1,152 Rs 113 NA (Which ETF?) JK Tyre 250 Rs 173 Hold SML Isuzu 50 Rs 1,006 Prefer Ashok Leyland Tata Motors 100 @442 Prefer Ashok Leyland

    Deepti Ambadipudi: Bought 100 shares of Bambino Agrotech at Rs 211. Should I hold, exit or add? Please guide me. 

Ajit Mishra: Exit

  Srinu Kodi: I have been seeing your opinion on many people’s portfolios and I am thankful for your unbiased review.

Recently, I have purchased these stocks with some conviction, wrt long term like 2-3 years as of now or more. I would like to have your view once if possible.

I am not in panic mode looking at market conditions as of now as I know these are quality stocks I have invested in.

Note: I purchased Gland Pharma for the short term recently as I see some potential till the time Covid is there, as it is doing vaccine manufacturing for Sputnik. I am thinking about profits for Gland Pharma.

Could you please tell me if I can hold this or sell after it reaches Rs 2,800 level? Please tell me if I can hold this for the long term.

Ajit Mishra: Yes, one can hold for long term

  Company No of shares Price Recommendation AUBANK 20 Rs 1,008.40 Hold BAJFINANCE 3 Rs 4,411.30 Hold DFM 56 Rs 333.86 Prefer Britannia DIXON 14 Rs 3,643.18 Hold DMART 9 Rs 2,854.99 Hold GLAND 39 Rs 2,542.81 Hold HDFCBANK 15 Rs 1,399.54 Hold ICICIGI 29 Rs 1,354.63 Hold INDIAMART 5 Rs 7,873.97 Hold JUBLFOOD 7 Rs 2,757.75 Hold MCDOWELL-N 51 Rs 513.71 Hold MUTHOOTFIN EVENT 17 Rs 1,129.30 Hold NAUKRI 10 Rs 4,622.06 Hold RELIANCE 12 Rs 1,911.23 Hold SYNGENE 70 Rs 602.38 Hold

  Sukanta Mandal: Need your suggestion on these — whether to hold, exit or accumulate — in 1-3 months short term and 1+ year long term. Awaiting your thoughts and views.

Ajit Mishra:

Company Recommendation Ashok Leyland Hold JK Tyre Hold Bank of Baroda Prefer SBI HDFC bank Hold Shree Digvijay Cement Prefer Ultratech/Ambuja Coal India Exit Gujarat Mineral Development Co Hold Indian Railway Catering and Tourism Corporation Hold Jaiprakash Power Exit NTPC Hold NHPC Hold HFCL Ltd Hold United Spirits Hold EIH Exit JSW Energy Ltd Hold

  Rohith Adiga: I am a starter in the stock market and trading from the last six months. Below is the list of stocks I have purchased. Advise me about buying additional stock, or holding or selling.

I am also looking for a short term plan of 6-10 months starting from June. Please suggest from my existing stock list or a new stock for short term gain. Also would like to know when to purchase the additional stock, when it’s growing or when it dips.

For example, I purchased 50 shares of Tata Motors @ Rs 124, then added another 25 when it went to @ Rs 185 and again purchased 10 @ Rs 290. Now my average pricing is @ Rs 244.

Ajit Mishra:

Company No of shares Price Recommendation HAL 5 Rs 1,100.96 Hold BIOCON 1 Rs 459 Hold ZEEL 5 Rs 224.4 Exit ITC 5 Rs 210.45 Hold HDFCBANK 1 Rs 1,377.60 Hold and buy on dips L&TFH 15 Rs 84.62 Hold ASIANPAINT 3 Rs 2,039.53 Hold HCLTECH 6 Rs 758.96 Hold AXISBANK 6 Rs 547.89 Hold RELIANCE 5 Rs 1,720.75 Hold TATAMOTORS 25 Rs 244.71 Hold for 2-3 years at least KOTAKBANK 5 Rs 1,369.65 Hold INFY 10 Rs 972.27 Hold TCS 5 Rs 2,318.60 Hold BAJFINANCE 2 Rs 3,636.00 Hold

  Jasminkumar Maheshbhai Gajjar: I have been following your posts on a regular basis. I have invested for long/mid-term. Request you to advise for the below stocks held by me.

Ajit Mishra:

Company No of shares Price View Recommendation Alok Industries 350 Rs 22.78 Mid-term Exit Bandhan Bank 50 Rs 348.43 Long-term Hold Bharat Elec Ltd 75 Rs 134.71 Mid-term Hold Biocon 30 Rs 410.81 Mid-term Hold Burger King 50 Rs 132.38 Long-term Hold Cyient 15 Rs 690.22 Mid-term Hold Firstsource Sol 80 Rs 116.64 Mid-term Hold India Cements 60 Rs 168.43 Mid-term Hold Inox Leisure 30 Rs 332.34 Mid-term Hold J K Tyre 50 Rs 118.32 Long-term Hold Laurus Labs 20 Rs 468.02 Mid-term Hold Manappuram 50 Rs 159.96 Mid-term Hold Motherson sumi 40 Rs 236.75 Mid-term Hold NMDC 50 Rs 157.46 Long-term Hold Spicejet 130 Rs 86.35 Long-term Hold Sun Pharma Adv 50 Rs 183.02 Mid-term Hold Sundaram Fin ltd 6 Rs 2,528.45 Long-term Hold Tata Chemicals 15 Rs 690.82 Long-term Hold Tata Power 75 Rs 92.85 Long-term Hold Tata Steel BSL 100 Rs 96.18 Long-term Hold Time Technopl 75 Rs 84.34 Mid-term Exit Zen Tech 100 Rs 86.60 Long-term Exit

  Rajkumar Dhyani: Namaskar. I’m a small investor who looks for mid and small-cap scrips to invest in. I can invest Rs 5-10K monthly in stocks. I’m looking for a long-term vision, probably 1-2 years vision. Can you please suggest few important scrips which match my requirement?

Ajit Mishra: One can invest in Finolex Industries, Ashok Leyland, INOX Leisure, Exide Industries, Kansai Nerolac.

  Marshall: Please review my portfolio, if I can hold, accumulate or exit from these stocks. I’m not sure of the period if I have to hold these stocks. Please advise.

Ajit Mishra:

Company No of shares Price Recommendation Balaji Amines 20 10 @ Rs 824 and 10 @ Rs 2,500 Hold Laurus Labs 100 50 @ Rs 400 and 50 @ Rs 490 Hold Sun Pharma 10 Rs 60 Hold Wock Pharma 10 Rs 590 Hold Eicher Motors 10 Rs 2,520 Hold Titan 10 5 @ Rs 1,126 and 5 @ Rs 1450 Hold Tech Mahindra 10 Rs 1,000 Hold TataSTLBSL 50 Rs 100 Hold Poly Cab 10 Rs 1,480 Hold SUN TV 10 Rs 520 Exit Adani Power 100 Rs 100 Exit Larsen and Turbo 10 Rs 1,450 Hold

  Rane Tushar: I hold following stocks. Which should I hold and which should I exit?

Ajit Mishra:

Company No of shares Recommendation IOB 60 Exit URJA 5,000 Exit TTML 700 Hold for 2-3 years DHFL 203 Exit GMBREW 85 Hold GRAPHITE 96 Hold NOCIL 942 Hold PRAKASH 965 Exit

  Sunil: I want to invest Rs 2 lakhs rupees for long term. Please suggest and guide me about some good equity shares.

Ajit Mishra: Bharti Airtel, ICICI Bank, Nippon AMC, Britannia Industries, Maruti Suzuki

  GOPAL CHAKRABORTY: I am holding the following mentioned stocks for the long term. Kindly advise.

Ajit Mishra:

Company No of shares Price Recommendation Tata Steel 220 Rs 470 Hold Suzlon Energy 2,300 Rs 5.70 Exit Tilaknagar Industries 600 Rs 72 Exit Clariant Chemicals 59 Rs 598 Hold NCC Ltd 213 Rs 67 Exit Suven Lifescience 175 Rs 62 Hold HCC Ltd. 180 Rs 57 Exit Andhra cements 1,200 Rs 23 Prefer Ultratech Educomp 2,200 Rs 190 Exit Yes Bank 2,500 Rs 17.50 Exit Gufic Bioscience 135 Rs 167 Hold

  Shyam Kannacham Veettil: I would like to have hold/exit strategy for following stocks. I can hold long term

Ajit Mishra:

Stock Unit holding Average price Recommendation Bandhan Bank 30 Rs 303 Hold Federal Bank 500 Rs 57 Hold HDFC AMC 60 Rs 1,733 Hold HDFC Standard Life 260 Rs 300 Hold SBI Card 30 Rs 770 Hold Yes bank 1,000 Rs 116 Exit if not under lock-in. Dixon Tchnology 100 Rs 917 Hold Havells 600 Rs 302 Hold V guard 550 Rs 185 Hold L&T 105 Rs 1,117 Hold Tata consumer products 160 Rs 367 Hold Varun Beverages 380 Rs 435 Hold Jubilant food 25 Rs 1,846 Hold First source solutions 1,000 Rs 55 Hold Tata elxi 30 Rs 851 Hold IRCTC 20 Rs 1,309 Hold Berger Paints 90 Rs 560 Hold Petronet LNG 925 Rs 115 Hold Adani Port 100 Rs 230 Hold

  Rajesh Nair: I have 50 shares of Dixon Technologies at an average price of Rs 3,742. If I am looking at holding these for a horizon of three years, should I hold/accumulate or exit these ?

Ajit Mishra: Hold the stock. Accumulate on dips only.

  Nitesh Shah: I have these shares. Can you advise if I can hold, sell or buy more?

Ajit Mishra:

Stock Average of investment price Recommendation Aarvee Denim Rs 19.4 Exit AB Capital Rs 59.9 Exit Aditya Birla F Rs 136 Prefer Titan AFL Rs 13.7 Exit Aishwarya Tech Rs 34.3 Exit Albert David Rs 464 Exit Alok Industries Rs 60.9 Exit Amara Raja Batteries Rs 873 Hold Arvind Rs 55.8 Exit Arvind Smart Rs 91 Exit Ashtavinayak Rs 6 Exit Aster DM Health Rs 174 Hold Avenue Supermarts Rs 299 Hold Bajaj Consumer Rs 316 Hold Bandhan Bank Rs 340 Hold Bank of Baroda Rs 46.5 Exit BEML Rs 762 Exit Berger Paints Rs 160 Hold Bharti Airtel Rs 537 Hold BHEL Rs 37.5 Exit Binani Cement Rs 85 Exit Canara Bank Rs 168 Exit Cigniti Tech Rs 430 Exit Cipla Rs 474 Hold Coal India Rs 143 Exit Cosmo Films Rs 633 Exit CreditAccess Grameen Rs 702 Hold Cummins Rs 732 Hold Dalmia Bharat Rs 789 Hold Deepak Nitrite Rs 668 Hold Digjam — BSE Rs 26.4 Exit Diligent Media Re 1 Exit Dishman Carbogen Rs 161 Hold Divis Labs Rs 2,484 Hold D-Link India Rs 113 Exit Dollar Industries Rs 450 Hold Endurance Technologies Rs 1,444 Hold Eveready Industries Rs 374 Hold Fortis Health Rs 108 Hold Ganesha Ecosphere Rs 18.7 Exit General Insurance Rs 456 Prefer ICICI Lombard Glenmark Rs 515 Hold Godawari Power Rs 201 Exit Granules India Rs 343 Hold Grasim Rs 667 Hold GTL Infra

Rs 80.5

Exit GV Films Rs 7.75 Exit GVK Power Rs 35.1 Exit HBL Power Rs 57.7 Exit HCL Tech Rs 348 Hold HDFC Rs 1,217 Hold HDFC Life Rs 688 Hold HFCL Rs 27.9 Hold Hindustan Construction Rs 43 Exit Hindustan Zinc Rs 218 Hold HUDCO Rs 82.9 Hold ICICI Lombard Rs 661 Hold ICICI Prudential Rs 402 Hold IDFC First Bank Rs 57.8 Exit IFCI Rs 18 Exit IKF Tech – BSE Rs 6.93 Exit Indian Acrylics Rs 10 Exit Indo Count Rs 85.5 Exit Indostar Capita Rs 572 Hold Infomedia Press Rs 24.4 Exit Infosys Rs 555 Hold Interworld Rs 3.89 Exit IOB Rs 42.4 Exit IOC Rs 125 Hold Ion Exchange Rs 677 Hold IRFC Rs 26 Hold ITC Rs 216 Hold Jenson Nicholson Rs 16.2 Exit Jindal SAW Rs 80.8 Hold JSW Steel Rs 228 Hold Kajaria Ceramics Rs 422 Hold L&T Finance Rs 82.8 Hold Larsen Rs 837 Hold LIC Housing Finance Rs 353 Hold M&M Financial Rs 165 Hold Maharashtra Seamless Rs 500 Exit Marathon Realty Rs 67.6 Exit Maruti Suzuki Rs 6,632 Hold Max Healthcare Rs 78.9 Hold Max India Rs 391 Hold Mirc Electronic Rs 51.1 Exit MOIL Rs 156 Hold Munjal Showa Rs 61.4 Exit Nahar Poly Film Rs 48.1 Exit National Steel Rs 27 Exit Network 18 Rs 33 Exit New India Assurance Rs 400 Prefer HDFC Life Newgen Software Rs 245 Hold NHPC Rs 31.5 Hold Nippon ETF Gold Rs 35.5 Hold NOCIL Rs 157 Hold NTPC Rs 146 Hold ONGC Rs 139 Hold Paramount Communications Rs 28 Exit Pennar Industries Rs 23.3 Exit Pidilite Industries Rs 1,773 Hold Power Grid Corporation Rs 145 Hold Precision Electricals Rs 14.7 Exit Precision Wires Rs 80 Exit Raj Oil Mills Rs 10 Exit Rajapalayam Rs 348 Hold RBL Bank Rs 526 Hold Reliance Rs 1,482 Hold Reliance Communications Rs 2.55 Exit Reliance Power Rs 232 Exit Rico Auto Rs 38 Exit Saregama India Rs 767 Exit SBI Rs 270 Hold SBI Life Insurance Rs 700 Hold SGN Cable Rs 0.42 Exit Siti Networks Rs 32.5 Exit South Indian Bank Rs 25.8 Exit Sumeet Industries Rs 14.2 Exit Sun Pharma Rs 893 Hold TAEL Rs 0.24 Exit Talbros Auto Rs 307 Exit TCS Rs 198 Hold Tech Mahindra Rs 574 Hold Terruzzi Fercalx Rs 50.7 Exit Tirupati Foam Rs 10 Exit TV18 Broadcast Rs 48.1 Hold Unitech Rs 1.95 Exit Usha Martin Rs 1.25 Exit Usha Martin Edu Rs 1.25 Exit UTI AMC Rs 554 Prefer HDFC AMC or Nippon AMC Varroc Engineer Rs 421 Hold Vascon Engineer Rs 46.7 Exit Visa Steel Rs 53.5 Exit VRL Logistics Rs 432 Hold Wipro Rs 254 Hold Zee Media Rs 41.1 Exit

  Please mail your questions to getahead@rediff.co.in with the subject line ‘Ask Ajit’, along with your name, and Mr Ajit Mishra will offer his unbiased views.

Disclaimer: This article is meant for information purposes only. This article and information do not constitute a distribution, an endorsement, an investment advice, an offer to buy or sell or the solicitation of an offer to buy or sell any securities/schemes or any other financial products/investment products mentioned in this QnA or an attempt to influence the opinion or behaviour of the investors/recipients.

Any use of the information/any investment and investment related decisions of the investors/recipients are at their sole discretion and risk. Any advice herein is made on a general basis and does not take into account the specific investment objectives of the specific person or group of persons. Opinions expressed herein are subject to change without notice.

Feature Presentation: Ashish Narsale/ Rediff.com

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[avanidas]

5 Steps on Retirement Planning | SBI Life

To enjoy a comfortable life post-retirement, one needs to start planning financially. We list down 5 things that can contribute to making your retirement plan a success.

Read more at: https://www.sbilife.co.in/en/knowledge-centre/insurance-basics-financial-advice/5-ways-make-retirement-plan-success

[sunshineweb]

Top 5 Best Term Insurance Plans in India 2021

There are 24 Life Insurance companies in India. Among those 24 companies, which one we can choose to buy the term life insurance? Let me share with you my Top 5 Best Term Insurance Plans in India 2021.

Majority of us who are looking for term life insurance always try to concentrate on the claim settlement ratio as a first indicator. However, what are the other things we have to consider while buying term life insurance?

What is Term Life Insurance?

Term Insurance is the type of Life Insurance. If death occurs of the policyholder during the policy period, then his/her nominee will receive the Sum Assured selected. If the policyholder survives till the end of the policy period, then he/she will not receive any maturity amount.

This is the reason, these policies cost you very less and cover a large amount of life risk. This is the PURE LIFE INSURANCE. Hence, anyone who has financial dependents must buy this product immediately.

However, nowadays there are so many variants in Term Life Insurance. For example, the return of premium, Term Life Insurance up to 100 years of age, a variety of riders, and a variety of claim payable options.

But instead of complicating your dependents, buy simple plain term life insurance. Why you complicate your dependents when you are buying this is that this product’s benefit will come into the picture when you are not here.

What are the advantages of online Term Insurance Plans?

Nowadays all Life Insurance companies offer you online term insurance plans. The advantages of online term plans are as below.

# It is convenient to buy as with the click of a button you can buy it.

# As there will not be any middlemen involved, the price is cheap than offline term insurance plans.

# You fill the proposal form on your own. Hence, an error of margin is LESS.

# Undue influence by agents is not there.

# Those who claim that online buying is RISKY as there are no middlemen involved are those who are representative of some companies and they may get a commission if you buy through them. Hence, they crease such stories.

Top 5 Best Term Insurance Plans in India 2021

Now let us discuss on what basis we can choose our Top 5 Best Term Insurance Plans in India 2021. Few pointers I will suggest which may help you in selecting your term life insurance.

# Claim Settlement Ratio

DON”T RELY ON THIS DATA. The reason is that it is raw data of all life insurance products a company is selling. It will not classify the death claim settlement ratio of term life insurance. This is the biggest reason why you must stay away from concentrating too much on this data.

However, if you are willing to know the current data, then you can refer to my latest post “IRDA Life Insurance Claim Settlement Ratio 2021“. Below are few latest reports from IRDA Annual Report.

As I pointed, few Life Insurance companies claim settlement ratio may be attractive. However, it is not an indication that they are settling your claims. Hence, don’t be get fooled by the claim settlement ratio. As a pointer to validate my saying, refer to the below image.

Notice the average claim settlement of LIC. It is the least compared to all others. This data itself shows that their claim settlement is mainly traditional plans.

However, if you are a fan of the claim settlement ratio, then it is left with you to decide which one to consider.

# Premium cost of Term Life Insurance plans

Even though whatever the features we look for, the premium is what we have to take into consideration while buying our term life insurance. I am not saying that the one which is offering at cheap is the best and at the same time the one which is offering at costly is worst. I mean to say that you have to balance between feature and price.

Hence, consider this point while buying your term life insurance. However, never choose the option like RETURN of PREMIUM. It is a waste feature that these insurers added you to lure while buying. Stay away from this return of premium.

# Features of Term Life Insurance

Term Life Insurance is the simplest product a life insurance company can offer you. However, if you look at the current products, I am sure that you will run away or get confused about which one to buy. Hence, rather than complicating your life, follow the below steps.

The ideal coverage should be around 15-20 times of your yearly income. Hence, buy accordingly. Term of the life insurance should be up to your working age. During your retirement age, Life Insurance is a WASTE product. Hence, don’t go for a term of up to 80 years or 100 years.

Never go for riders like accidental or critical illness. The main reason is that life insurance is required only for a limited period. However, accidental or critical illness insurance is required for you throughout your life. Also, if you buy these riders as a standalone product, then they may offer better features than these riders.

Stick to the yearly payment option rather than choosing monthly or limited payment. Few choose premium payment as monthly. However, these term life insurance products are high sum assured, a single default of premium may be converted to a lapsed of policy. To reinstate the same, life insurance companies may ask you to undergo a medical examination. Hence, to avoid such hassle, better to opt for a yearly premium. To accumulate the same, RD of a year is enough.

These are the main pointers when you look for plan features. Few more are listed at the end of this post which may help you in shortlisting a product.

# Age of the company

As Life Insurance is a long-term contract between you and the company, look for stable companies than the one where the management or takeover happening frequently or the newly entrant.

Go for stable and old companies. However, even if a new company shut its doors, it can’t run away from the responsibility. For a better understanding of this concept, read my post “What if your Insurance Company goes bankrupt?“.

List of Term Life Insruance products available in India

Now, let me share with you Term Life Insurance products available among all 24 companies.

LIC Jeevan Amar (Offline Plan)

LIC Tech Term (Online Plan)

HDFC Click2Protect Life

ICICI Pru iProtect Smart

Max Life Smart Term Plan

Max Life Term Plan with return of premium

Max Life Online Term Plan Plus

Kotak e-Term Plan

ABSLI Life Shield Plan

ABSLI Digishield Plan

Tata AIA Maha Raksha Supreme

Tata AIA Sampporna Raksha

Tata AIA Sampporna Raksha+

SBI Life eShield

SBI Life Poorna Suraksha

SBI Life Smart Shield

Exide Life Elite Term Life Insurance

Exide Life Smart Term Pro

Exide Life Smart Term Edge

Exide Life Term with Return of Premium Plan

Bajaj Allianz Life Smart Protect Goal

Bajaj Allianz Life eTouch Online Term

Bajaj Allianz iSecure

PNB Metlife Mera Term Plan Plus

PNB Metlife Mera Term Plan

PNB Metlife Aajeevan Suraksha Plan

Reliance Nippon Life Protection Plus

Reliance Nippon Life Digi-Term Insurance Plan

Aviva Lifeshield Advantage

Aviva Jana Suraksha

Shriram Life Smart Protection Plan

Shriram Life Smart Protection Plan SP

Shriram Life My Spouse Term Plan

Shriram Life Cash Back Term

Shriram Life Family Protection

Bharti Axa Flexi Term Plan

Bharti Axa Premium Protect Plan

Bharti Axa Smart Jeevan

Bharti Axa Income Protection Plan

Future Generali Flexi Online Term Plan

Future Generali Express Term Life Plan

Ageas Federal Life Insurance MyLife Protection Plan

Ageas Federal Life Insurance Income Protection Plan

Ageas Federal Life Insurance Termsurance Life Protection Insurance Plan

Canara HSBC Oriental Bank of Commerce Life Insurance iSelect Star Term Plan

Aegon Life iTerm

Aegon Life iTerm Plus

Pramerica Life Trushield

Pramerica Life U-Protect

Star Union Dai-Ichi Life Insurance Life Abhay

IndiaFirst Life Insurance Guaranteed Protection Plan

IndiaFirst Life Insurance Life Plan

IndiaFirst Life Insurance Online Term Plan

Edelweiss Tokio Life Insurance Zindagi Plus

You get confused right?? Yes, me too 🙂 This is a classic example know how the financial industry complicates your life. Term Life Insurance is a simple product. But in the mad rush to show that they are the BEST in the market, these life insurance companies are adding one by one feature to the product and made our LIFE COMPLICATED.

Then which one to buy? The answer is IRDAs recent initiative of standard Term Life Insurance called “SARAL JEEVAN BIMA YOJANA“.

It is a standard life insurance product with a standard feature. You can look into this product. However, the default maximum cover is Rs.25 Lakh (however insurers can offer you higher coverage also). Hence, if your opted life insurance company is offering Saral Jeevan Bima Yojana at higher coverage, then the best option is to choose it. Mainly because it is simple to understand and standard basic features are available with this product. Sharing with you the features of the same.

Let me now share my choice of Top 5 Best Term Insurance Plans in India 2021.

LICs Tech Term

HDFC Click2Protect Life

ICICI Pru iProtect Smart

Max Life Online Term Plan Plus

Aegon Life iTerm

Few points to consider while buying term insurance

# Never rely on Claim Settlement Ratio

Claim Settlement Ratio is raw data. This data will not give you enough picture of what type of products the insurance companies settled. Hence, relying too much on this single data and selecting a product is not a good idea.

# Quantum of Life Cover

Ideally one must have at least 15-20 times of your yearly income. This is the basic calculation.

# Fill the data properly

Sharing data especially materialistic information must be accurate. If you are unable to understand anything, then immediately contact Life Insurer for help. Understand the questions and fill them only when you know what you are filling.

# Never allow someone to take over your decision

Never budge on the decision which is against your wish. If you are fully comfortable, then only go ahead and buy.

# Term of the policy

Ideally, it should be up to your retirement age. Because you retire when you are financially free. Hence, Life Insurance is not required during your retirement age.

# Splitting of Term Insurance

There are few who are apprehensive of relying on a single insurer. Hence, they try to split among few. But in reality, there is no logic in splitting. What is the guarantee that all insurers will accept or reject the claim?

# Stay away from riders

Never combine Life Insurance with General Insurance requirements. You will get better-featured covers from general insurers regarding accidental and critical illness covers. Hence, simply avoid riders.

# Never heed the aggregators choice

Nowadays there are so many online aggregators. You may not know that they act exactly like insurance agents. Hence, never rely on their claim. Do your own research. If you are satisfied, then only go ahead and buy. Refer to my post about the same “Beware of Insurance Comparison portals in India“.

# Know about Sec.45 of Insurance Act

After the recent clarification about Sec.45 of the Insurance Act, the customer became king. It states “No policy of life insurance shall be called in question on any ground whatsoever after the expiry of three years from the date of the policy, i.e. from the date of issuance of the policy or the date of commencement of risk or the date of revival of the policy or the date of the rider to the policy, whichever is later.”

Refer the complete post at “Term Insurance-Claim Settlement Ratio no more a big criteria“.

# Review your life insurance cover

Buying Life Insurance of Rs.1 Cr or Rs.3 Cr is not a one-time affair. You must review your life insurance requirement at least once in 5 years. If required, then you must increase the sum assured.

# Be cautious with premium payment

In case of term insurance, you have to be very cautious when it comes to the premium payment. It is always better to opt for yearly premium payment and also if possible make it automated by the way of ECS. If policy lapses due to your negligence, then you have to undergo medical tests and all kinds of stuff once again. If there are any health issues, then the insurer may reject to renew the policy.

# Never go for Telemedical Examination

Recently one of my blog readers pointed that few Life Insurance companies insisting just Telemedical Examination by questioning about your health details on the phone (Refer-Can I buy Term Life Insurance with Telemedical Verification?).

It may be the easiest process for you and for life insurance companies. However, I feel suspicious of such kind of medical examination. Because in future insurance companies may find 100000 reasons to reject the claim on health ground.

Instead, I suggest you to go for a medical examination. This will really clear the dust or doubt in your mind about future claim settlement.

Final Note:-The list of “Top 5 Best Term Insurance Plans in India 2021” is my personal choice and comfort with insurance companies and by verifying features. However, it does not mean that my selection will be the UNIVERSAL selection.

Hence, if you have a different opinion from my selection, then it does not mean you are buying the wrong product. My only concern here is not to shortlist “Top 5 Best Term Insurance Plans in India 2021”, but to give the gyaan which you must take into consideration before you shortlist your term life insurance.

The post Top 5 Best Term Insurance Plans in India 2021 appeared first on BasuNivesh.

Top 5 Best Term Insurance Plans in India 2021 published first on https://mbploans.tumblr.com/

[bimakaro]

Best Term Insurance Plans in India 2021 – A Few Top Term Plans and the Selecting Guide

With plenty of term plans available from different companies and with various features, the task to select a perfect one for you may become challenging. You may get confused about which one can precisely meet your expectations and can fulfil your overall needs. Notably, a term you choose should focus on meeting your family's financial needs without any defaults after you. Taking only such plan can become meaningful to the effort you put in and the money you pay towards the premium for a decade or two or even more. 

Therefore, gaining knowledge about the best-term plan can make you feel convinced and happy is crucial. 

 If you are confused about which a term plan can be yours, and not knowing how to get forward, then continue reading, this information is for you; 

 There are many term plans available at low-cost options and with maximum coverages. However, it is not only the regular premium that will determine your selection process, but there are also plenty of other things that you need to take into consideration. Besides the death benefits, today, the new types of term plans have many significant advantages to offer. Such benefits and advantages benefit the family members after the insured demises and can also support or be beneficial to the insured even during his lifetime. In this connotation, there becomes a necessity to pay attention to the types of term plans available in the present scenario. 

  Term Insurance Plan in Brief 

Before going to check out the types of term plans available in 2021, here are a few things to know about the term insurance plan in brief; 

This is the most     straightforward insurance plan with a low premium cost. 

It enables the     insured family to get a lump sum amount, that is the sum assured after the     insured demises. 

Such lump sum     amount can help the family meet its financial needs when the family's     primary income earner is lost. 

The sum assured     can be chosen according to the insured's interest. However, the premium     will also vary accordingly. 

There will be no     benefit apart from the death benefit. 

Some latest     plans come with rider options, which can help the insured get some     benefits during their lifetime. 

This is the most     cost-effective plan when compared to any other types of insurance     plan. 

There will be no     maturity value paid to the insurer during his lifetime when the policy     matures. 

In simple, if     there is no death, then no maturity value. 

Term plans can     help get you tax benefits under Section 80C and Section 10(10D)

Term plans are different from a traditional life insurance policy. Term plans can help get more coverage compared to the conventional plan. 

 Best Term Insurance Plans in India 2021 

At present, about 24 insurance companies are functioning across India. These insurance companies are selling both offline and online plans. However, while choosing an insurance plan, you need to check a few factors like the sum assured, premium, the term of the policy, riders, and more options available. 

Here are a few best term plans in India offered by top Insurance companies in 2021: 

 1.     Max Life Term Plan Plus: This plan has an entry age of 18 and a maximum of 60 years. The maturity age will be 85 years. The term can be chosen from 10 years to a maximum of 50 years. The premium payment will be equal to the policy term, or you may pay the term until your age of 60 years. The sum assured will be from minimum Rs 25 lacs to maximum Rs. 100 cr. The claim settlement ratio will be 98.47%. 

 2.     HDFC Life Click 2 Protect 3D Plus: This policy has a minimum entry age of 18 years and a maximum of 65 years. The maturity age will be 23 years and a maximum of 85 years. It has a policy term of 10 years to a maximum of 67 years. It has a minimum sum assured of Rs. 50 lacs and maximum no limits. It has a claim settlement ratio of 99.04%. 

 3.     ICICI Prudential iProtect Smart: The minimum entry age is 18 years and maximum of 60 years. The maturity age is 23 years to 99 years, and the policy term will be five years to 85 years. The sum assured will be subject to a minimum premium and has no maximum limits. The claim settlement ratio is 98.58%. 

 4.     TATA AIA Life insurance Sampoorna Raksha: This has an entry age of 18 years to 70 years and maturity age of 28 years to 100 years. The premium payment term will be equal to the polity term or up to 50 years. The sum assured is minimum Rs. 50 lac and has no maximum limit, and the claim settlement ratio is 99.07%. 

 5.     LIC Tech Term Insurance Plan: This term plan has a minimum entry of 18 to a maximum of 65 years. The maturity age is a minimum of 28 years and a maximum of 80 years. The term of the plan is ten years to a maximum of 40 years. The sum assured is Rs. 50 lac and has no maximum limits. The claim settlement ratio is 97.79%. 

 6.     SBI Life eShield: This term plan features an inbuilt accelerated terminal illness benefit and comes with two rider options. It also offers a discount on the premium for non-smokers. The minimum policy term is five years and a maximum of 30 years. This plan provides the coverage of maximum up to 75 years of age. 

 7.     LIC Jeevan Amar Term plan: This plan comes with two options, and they include, the level sum assured and increasing sum assured. This plan has a special premium rate for non-smokers and women. It has a maximum coverage age of 80 years, and the death benefit payment can be chosen as a lump sum or in instalment. It offers the minimum sum assured Rs. 25 lacs, and there is no maximum limit. The policy term will be from 10 years to 40 years. 

 These are some of the exciting plans available for you on online platforms like BimaKaro.in. If you want to research more about the latest plans, then head over to Bimakaro. For the most comprehensive list of plans suited for various individuals' needs.