Markets hoping for a strong & stable government

ET Now: IMF growth projections for India seem fairly upbeaten. Perhaps some would say that is what fueled the rally yesterday in the equity markets. 5.4% for FY14, 6.4% for FY15. What is your stance on these projections?Killol Pandya: I will not really be able to see so far into the future, especially in the context of elections. Our best hope is that we get a strong central government. From that perspective it does not really matter which party comes into power. Of course the markets appeared to be strongly siding with one of the two factions, but from the political sense a strong government at the centre will do us well. 
http://www.myallagents.com/Markets-hoping-for-a-strong-and-stable-government-Killol-Pandya-LIC-Nomura-Mutual-Fund/details.html

RBI allows FPIs, NRIs to invest upto 26% in insurance

NEW DELHI: The Reserve Bank today said overseas investors, including FPIs and NRIs, can invest up to 26 per cent in insurance and allied activities through the automatic route. "Effective from February 4, 2014, foreign investment by way of FDI, investment by FIIs/FPIs and NRIs up to 26 per cent under automatic route shall be permitted in insurance sector," RBI said in a circular.  http://www.myallagents.com/RBI-allows-FPIs-NRIs-to-invest-upto-26-in-insurance/details.html

 

Metal stocks surge on China demand, RBI policy move

Improving Chinese demand, partial lifting of the Odisha mining ban and the central bank’s move to ease liquidity boded well for metal sector stocks, which climbed to a one-year high on Tuesday. Chinese manufacturing data for the month of May touched a four-month high, leading to hopes that demand from the world’s largest consumer of metals will revive going forward. Further, the Reserve Bank of India’s move to cut the statutory liquidity ratio or SLR by 50 basis points to 22.5 per cent boosted market sentiment resulting in heavy buying in these stocks which have not been major participants in the recent market rally .  http://www.myallagents.com/Metal-stocks-surge-on-China-demand-RBI-policy-move/details.html

ING Life now named Exide Life Insurance

BANGALORE: ING Vysya Life Insurance Company has been renamed Exide Life Insurance Company, following approvals from Insurance Regulatory and Development Authority and thecorporate affairs ministry. 
This move follows Kolkata-based Exide Industries acquiring 100% ownership of the insurance company last year.  
www.myallagents.com/ING-Life-now-named-Exide-Life-Insurance/details.html 

Government asks RBI to set up committee to look into banks' raising of Tier-II capital

NEW DELHI: The government has asked the Reserve Bank (RBI) to set up a committee to look into the insuranceregulator's concerns that some of the instruments issued by banks to raise tier-II capital were perpetual and illiquid. The Insurance Regulatory & Development Authority (IRDA) has also said that some of these instruments are flouting its investment norms. The committee will look into issue of and subscription to tier-II instruments under the new Basel-III capitalisation guidelines, a finance ministry official said.  http://www.myallagents.com/Government-asks-RBI-to-set-up-committee-to-look-into-banks-raising-of-TierII-capital/deta

Queries of Life Insurance

I have a LIC policy in my name that is nearing maturity next month, the premiums were all paid by my mother in India. I am US citizen and hold a valid NRE account with SBI. Can LIC submit the money upon maturity into my NRE account, or will i have to open an NRO account?

This is not a concern of LIC but according to the banking norms, all income within India needs to be credited only in an NRO Account of an NRI and only income which is earned outside India can be credited in NRE Account, which is freely repatriable. Money of NRO Account is also repatriable but after the payment of the applicable taxes, if any.

Hence, you would have to contact LIC but they would provide you with a cheque of the maturity amount favouring your name and the sae needs to be credited only in an NRO account. 

http://www.myallagents.com/Queries-of-Life-Insurance/details.html 

LIC hopes to retain market share of 82 percent this fiscal

"We hope to retain the existing market share in the current financial year at 82 per cent," LIC Managing Director SB Mainak said

LIC 's market share increased to 82 percent last fiscal as against the previous year's level of 76 percent, he sai

He added that LIC has introduced many new products since January 2014"Products require time to get market acceptance," he told reporters on the sidelines of a seminar organized by BCCI on Tuesday. 

http://www.myallagents.com/LIC-hopes-to-retain-market-share-of-82-percent-this-fiscal/details.html 

Should you opt for a high-value health cover?

The demand for a higher health insurance   cover is increasing. Renuka Kanvinde, assistant vice-president, health insurance,Bajaj Allianz General Insurance , says the company has seen a 35-40 per cent increase in demand for their Extra Care, a top-up plan, in the past two years. They also saw buyers shift from a Rs 3-5- lakh policy to Rs 7.5-10 lakh in the period.
This led the private insurer to believe health insurance policybuyers want a bigger cover. Hence, a fortnight earlier, it launched a Health Care Supreme product, offering a cover between Rs 5 lakh and Rs 50 lakh. 
http://www.myallagents.com/Should-you-opt-for-a-highvalue-health-cover/details.html

Replacing your life insurance policy might get tougherv

Often, insurance policyholders are misled into replacing their policies with new ones, with promises of lower premia or better returns. Though the process wasn’t difficult so far, this might change soon. The Insurance Regulatory and Development Authority (Irda) has issued draft guidelines on replacement of life insurance policies. Now, an agent should secure the written consent of the policyholder, inform the existing insurer 15 days before submitting new proposal forms, and send the forms to the new company only after this 15-day period. In their policy documents, insurance companies must advise customers not to surrender, lapse or make paid-up existing policies before taking on a new one. They should also advise customers not to withhold full or part amount of the surrender value payable, and inform the new company of a customer’s existing policies. 
http://www.myallagents.com/Replacing-your-life-insurance-policy-might-get-tougher/details.html 

Are private insurance companies safe for investment?

People always think twice before investing in a private insurance company . They have a doubt whether their investment will be safe with private insurers in India or not. With globalization in the year 2000, there has been a surge of private insurance  companies in the Indian economy. But even now the attitude of the investors’ is skeptical. The private insurers are relatively new in the country and do not have a past record, and thus people often doubt their credibility 
http://www.myallagents.com/Are-private-insurance-companies-safe-for-investment/details.html

Should I buy an Insurance policy from a Public Sector Company or Private Sector Company?

It is a matter of choice for each individual customer. Private sector companies are perceived to much quicker in delivery, but Public Sector companies are fast catching up on this front. Factors like trust, speed of delivery and claims efficiency should be kept in mind while making your choice. 
.http://www.myallagents.com/Should-I-buy-an-Insurance-policy-from-a-Public-Sector-Company-or-Private- 
Sector-Compa

We expect a growth of 20-25 per cent this year: LIC chairman DK Mehrotra

Life Insurance Corporation of India (LIC), which has an investment corpus of Rs 12 lakh crore, doesn’t act on anybody’s behalf while making investments, says its current-in-charge chairman DK Mehrotra in an interview to George Mathew.

Excerpts:

How was the last fiscal for you?

Our performance was impacted because of the general slowdown. The market was also volatile and retail investors were holding back. Our premium collection fell last year but our overall collection was more or less steady. Customers have continued with old policies. 

http://www.myallagents.com/We-expect-a-growth-of-2025-per-cent-this-year-LIC-chairman-DK-Mehrotra/details.html 

Irda for govt-backed health insurance scheme

The Insurance Regulatory and Development Authority (Irda) has strongly come out in support of a government-backed health insurance policy, which is in the works with an aim to provide health cover to a large population. “Why not we have a state-backed health insurance coverage for people when practically all the governments in the world have similar coverage for their citizens,” Irda chairman J Hari Narayan said. He was referring to a meeting of a group of experts in the Planning Commission today on the new health insurance scheme.  http://www.myallagents.com/Irda-for-govtbacked-health-insurance-scheme/details.html

Top Mutual Funds in India

Deciding or searching for the top mutual funds generally requires lot of things to be taken into consideration. It is here that the role of the fund manager creeps in. The fund manager determines the performance of the fund for that particular period, so it is a compulsion that he is consulted prior to making the investment. Another important segment that should be taken care of is the proper selection of Assets. Asset Allocation is the art of bifurcating your finances into a mixture of Assets (stocks, bonds, etc). It is imperative that some amount of research is done prior to choosing a fund for investment. The performance of a mutual fund over the last few years does give an insight to it’s value. The Mutual fund performance 
http://www.myallagents.com/Top-Mutual-Funds-in-India/details.html  

How to Become an Insurance Agent

How to Become an Insurance Agent A successful insurance agent must be an excellent salesperson with an outgoing personality. The agent must also possess superior mathematical skills and constantly keep up-to-date on any changes within the Insurance Industry.  http://www.myallagents.com/How-to-Become-an-Insurance-Agent/details.html

A Good Life Insurance Policy

will have a huge array of plans to  select from and also details of rates and reviews so that you can  select a better life insurance in Charlotte. Our customer care  executives will answer all your queries and doubts related to Life Insurance policy. Rest peacefully by  selecting a Charlotte Life Insurance policy and protect your family.

Charlotte Life Insurance offers a valuable range of Life Insurance Solutions for all insurance seekers

Get valuable counseling from Charlotte life insurance experts while  selecting your life insurance policy. At Charlotte Life insurance, Our customers feel  tension free and satisfied after signing a life insurance policy. With Charlotte life insurance, you have the  facility of getting easy assistance and claims. 

http://www.myallagents.com/A-Good-Life-Insurance-Policy/details.html 

The importance having life insurance settlement

When people age closer to their retirement age, having a secured financial future is essential especially if there’s no more monthly salary or paycheck coming in when a person enters their retirement age. When we take a deep look into any kind of factors that involves financial involvement, we can really see that it’s not really a good sight because of the seemingly endless increase of health care cost and also energy cost. Not to mention that the social security and its ability to finance is in serious doubt and many experts says that it might even become bankrupt in the following decades and yes you can really tell how financially scary is tha 
http://www.myallagents.com/The-importance-having-life-insurance-settlement/details.html 

Maximum Deduction of Income Tax From Life Insurance Plan:

Applicable if	·All Life Insurance Plans gives you the tax benefit
Conditions	·You should have Life Insurance Policy
Max Deductions	·Complete amount invested in Life Insurance Policy is tax Free. ·Payout from life insurance policy is tax free.
Limitations	·  Go for plan which is suitable to your life and your financial planning. ·  You need not buy every year new policy. ·  If you think that you have already invested enough in life insurance plan  but want to invest again then you should go for ULIP plans.

 

http://www.myallagents.com/Maximum-Deduction-of-Income-Tax-From-Life-Insurance-Plan/details.html

Health Insurance and Income Tax

ealth is our most valuable asset. If we have a good health we can enjoy our wealth too and also can gain more if require. But if we are unwell, then having wealth will not mean anything. That’s why it is commonly said “Health is Wealth”.

So we should not loose our Health creating more and more wealth. We should ensure that we don’t lose this precious wealth of ours. Current lifestyle has changed drastically, long office hours, unhealthy eating, and increasing pollution level are badly affecting our health
http://www.myallagents.com/Health-Insurance-and-Income-Tax/details.html

Whole Life Insurance and the Waiver of Premium Rider

Whole life insurance provides financial security for you and your family. Once you purchase a policy, you don't want to lose the coverage. But if you become injured and are unable to work,  and as a result cannot pay your premiums, your whole life insurance policy may be put in jeopardy. Adding a waiver of premium rider to your policy may safeguard your life insurance coverage.

http://www.myallagents.com/Whole-Life-Insurance-and-the-Waiver-of-Premium-Rider/details.html