Dear Friend,

Thank you for visiting my Blog. Not all of us were born in a rich family and we always think about retiring as a CROREPATI. Thinking is one thing, have you done anything to achieve that dream?

In order to become rich, you have to invest and do it wisely. For that you need knowledge and ideas. There are a few good books that I have published which you can buy for a nominal price which can help you with that.
With the New Year on the horizon, the price of all the books have been slashed by 50% or more.

To know more about these books, their price and check out a sneak preview, please Click Here...


Best Wishes!!

Anand

Insurance

Below are the articles in this Blog that cover topics on Life Insurance and other forms of Insurance.

1. What is Insurance?
2. Insurance & Indian Income Tax
3. Life Insurance Cover – Policy Lapse & Revival
4. Do You Have Health Insurance?
5. Cashless Hospitalization in Health Insurance
6. Insurance Claims Process - Simplified
7. Bad News for Insurance Investors & Agents
8. Is Buying Insurance from Private Insurance Co.’s in India a Good Idea?


ULIPs:

The following are the articles in this Blog about Unit Linked Insurance Plans which are more commonly called ULIPs. Please click on the links to read more about them.

1. ULIPs De-Mystified
2. Can ULIPs Really Guarantee Returns
3. SEBI Bans Insurance companies from selling ULIPs
4. Are ULIPs becoming Obsolete
5. Should You Exit your ULIPs Now
6. Returns Comparison - ULIPs Vs NPS




14 comments:

  1. Hai sir,



    i need your advice for my investment.i would like to invest LIC market plus (for next 10 or 20years{10or 20 idont know which is better} ,half yearly 2500rupees) or UTI dividend yeild MF(SIP monthly500rupees for next10years).actually one of my friend advice me to invest in lic but another one advice me to invest UTI.kindly advice me which is better for me

    ReplyDelete
  2. Hai sir,



    i need your advice for my investment.i would like to invest LIC market plus (for next 10 or 20years{10or 20 idont know which is better} ,half yearly 2500rupees) or UTI dividend yeild MF(SIP monthly500rupees for next10years).actually one of my friend advice me to invest in lic but another one advice me to invest UTI.kindly advice me which is better for me

    ReplyDelete
  3. @ Anonymous

    UTI Dividend yield is a good investment and LIC Market plus will give you insurance as well. So both of them are good choices.

    If you want insurance then go for the LIC scheme and if you dont need insurance, go for the UTI scheme.

    Both of them invest in the stock market so, dont expect any guaranteed returns. If the market performs nicely, you will get good returns.

    ReplyDelete
  4. Hi

    I dont know if this blog is active or not. Was just wondering if you could be of help. Can we get tax exemption for life insurance of our parents (Dependent). If yes, how much and under what section.
    Thanks for your help and time!

    ReplyDelete
    Replies
    1. Hi Anonymous,

      Yes, this blog is very much active.

      Yes, you can get tax exemption if they are dependents - you need to prove that both your parents are retired and do not have any source of income. Even if either one has any sort of income like retirement pension, house rent etc, you cannot claim exemption.

      Anand

      Delete
    2. thank you so much for the quick reply!

      Delete
  5. Thanks for writing so well really appreciate the efforts.
    I have gained much knowledge form here.
    Can you tell me the role of an Administrative officer in United India insurance Company and if not specific than any other general insurance company?

    ReplyDelete
    Replies
    1. Hi Anonymous,
      I am sorry - such details reg. what an Admin officer does in an Insurance company are privileged info which only people who work in the insurance company will know. Bloggers like me wouldnt know all those things.

      I tried a google search and it took me to this site: http://uiic.co.in/recruitment/details/3144

      You can download the pdf reg. the job and see if it helps you

      Anand

      Delete
  6. Hi Anand...

    I have two policies in which I have invested in two years then discontinued to invest...one is from lic and other from sbi... Its been more than three yrs I discontinued...

    Is there any way I can get some amount of what I invested in the policies ( because the total for two years is like around 30 thousand) .
    So even if I get ateast 50%... I would be more than happy...

    Please suggest.

    ReplyDelete
    Replies
    1. You need to contact the agent/advisor who sold you that policy. In most cases of discontinued insurance policies, you will not get much money unless you make at least 3-5 years worth of premium payments.

      Check out the policy document - The termination clause will explain how much you will get.

      Delete
  7. How will u rate the e wealth builder-- suggest to take it or not.. can u explain in brief regarding this insurance

    ReplyDelete
  8. Hi Anand ji,
    state bank sold me SBI life Smart Wealth Builder plan in Dec 2015. It's 50k annually. Am thinking to surrender this and invest 50k in PPF or ELSS with decent gains in 3yr. I got remaining 1lakh taken care towards LIC and PF. You thoughts pls would be highly appreciated.

    Regards,
    KVenkat

    ReplyDelete
    Replies
    1. Check out my book on indian income tax if you want to take advantage of the 80c section investments option to build a portfolio. https://anandvijayakumar.blogspot.sg/p/books-by-this-blog-author.html

      Delete

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All the contents of this blog are the Authors personal opinion only and are not endorsed by any Company. This website or Author does not provide stock recommendations. The purpose of this blog is to educate people about the financial industry and to share my opinion about the day to day happenings in the Indian and world economy. Contents described here are not a recommendation to buy or sell any stock or investment product. The Author does not have any vested interest in recommending or reviewing any Investment Product discussed in this Blog. Readers are requested to perform their own analysis and make investment decisions at their own personal judgement and the site or the author cannot be claimed liable for any losses incurred out of the same.