life insurance Archives - Anil Regos Blog

Several Ways Insurance Broking Services Will Help You Get More Business

October 6, 2018 admin

A broker guides the investment to be made in a proper format in terms of insurance as well as management of risk. These brokers offer advice based on the advice of the clients. The agents should get the complete information about the business. These broking services guide the individuals on how to avoid the business risks and what should be insured to administrate the risks in a better way. These professionals possess a good knowledge in offering the technical advice in order to make a claim. They also understand the…

Are guaranteed life insurance plans worth buying?

March 17, 2017March 17, 2017 admin

The primary purpose of life insurance is to provide protection to one’s financial dependants. There are, however, savings-oriented life insurance plans which in addition to providing protection help one save for long-term goals. Such plans could be participatory (with-bonus) or non-participatory (without-bonus) in nature. The non-participatory plans, instead of declaring bonus which may vary depending on the profits that insurers make, may carry a guaranteed return/addition in lieu of bonus. The element of guaranteed return in the form of guaranteed additions (GA) in life insurance plans makes them attractive for…

Dummy’s guide to tax-filing documents

January 31, 2017January 31, 2017 admin

Though the process is not tedious, it still saves time if one has all the proofs of these documents ready for submission, says Anil Rego. The hustle and bustle of the New Year has not yet completely engulfed us. We are still settling in the New Year. We may still be dreamy eyed and viewing this year with rose tinted glasses! Sorry to break into your La La Land, but we want to talk about income tax and the related documents to be submitted! Immaterial of if you are salaried…

Varishtha Pension Bima Yojana (VPBY) 2017 with 8% guaranteed Pension: Things to know

January 28, 2017 admin

The Varishtha Pension Bima Yojana (VPBY) 2017, a scheme unannounced by the Prime Minster Narendra Modi on new year eve was approved by the cabinet on Tuesday. Post demonetisation banks are slashing interest rate on fixed deposits. Therefore, to guard the interest of the senior citizens (above 60 years of age) in case of falling interest rates, PM Modi announced this scheme with a guaranteed interest of 8 per cent for 10 years The scheme will be launched by Life Insurance Corporation of India on April 1st as per sources….

Last minute scramble? Five mistakes to avoid when choosing tax-saving products

January 23, 2017January 23, 2017 admin

Understand that tax planning is only a small component of your overall financial portfolio For most salaried individuals, the December-January period is usually the time when their employers ask for proofs of investments for the financial year (FY). Ideally, you should do your tax planning at the beginning of the FY and then invest throughout the year. But if you are one of those who are scrambling to complete your tax planning process and trying to meet the deadline, here is a list of mistakes you should avoid while taking…

Life Insurance Premium – Where does it exactly go?

October 10, 2016 admin

Life Insurance agents get hefty commissions and hence aggressively pursue people to sign up for new policies. Have you wondered why your neighborhood financial advisor, call him the insurance agent, always wants to sell you life insurance policies? Hefty commissions are the prime reason. Commissions paid to agents by life insurance companies touched a whopping Rs 44,585.33 crore in 2015-16, a growth of 4.3% over the previous year, according to Life Insurance Council, an apex industry body of life insurance companies. In a year when mutual funds paid 497 large…