| LIC
launches 4 new products |
| Jeevan
Pramukh |
Life has
been tough. It has thrown several obstacles at you. But with
the trademark of a true champion you have emerged stronger and
successful. Your vision, intelligence & charisma drive those
who look upon you, in today’s increasingly competitive
world.
Know
more here... |
| Jeevan
Anurag |
A rush of
emotion, the fluttering heart, a feeling of elation, pride and
great happiness. Especially when it is your
own bundle of joy- your flesh and blood -Your child.
Know
more here... |
| Jeevan
Nidhi |
You are
a young successful professional, 18 to 35 years of age. Today
you earn enough to enjoy the best that life can offer. You work
hard and you play harder. But can you afford the same lifestyle
when you retire?
Know
more here... |
| Jeevan
Akshay III |
Money or
the lack of it is always a worrying factor after retirement.
Hence it is very important to invest wisely. Something that
LIC’s Jeevan Akshay –III is specially designed to
do – help you take care of your future.
Know
more here... |
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To
get an insurance solution that
best suits your objectives,
CONTACT US
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Heard of the famous Ant that toiled hard
day and night to save food for the winter and the Grasshopper
who only mocked at the ant then and died for want of food later?
Though such extremities are mostly found in fables, the valuable
message behind it cannot be ignored.
Saving for a rainy day becomes important simply because the
future is uncertain. And while the ant did not have to worry
about inflation, sadly you need to.
Ever given a thought to Personal Financial Planning? Personal
financial planning means chalking out your future financial
aspirations and Goals and charting out your course of action
to meet them.
It is about knowing the amount of expenditure you incur during
a given period, let's say a month versus the income you earn
leaving you with a positive or a negative balance through Budgeting.
It is also about Investments. Investing the money that you have
saved over a period of time, rightly, in avenues that can multiply
your money fetching you good returns in the bargain. Heard about
the magic of Compounding?
You dream of a secure future for yourself and your family. Good
education for your children, a comfortable lifestyle and enough
funds to fall back on just in case the unexpected happens. And
you would like to ensure that these good times continue forever.
But what if YOU, fall critically ill, or meet with an accident
leaving you crippled for life.
What if the unforeseen, the unexpected happens. Will your family
be able to enjoy the same lifestyle as before? What about your
children’s future - their education. Will they have to
suffer?
Would you not like to ensure that your family receives all the
comforts even when God forbid, you are not around. But how?
Insurance is the answer to such worries.
Over a period of time you would be on the verge of retirement;
a stage of life when you would want to relax after having fulfilled
all your responsibilities towards your family and spend your
old age in comfort. But you still need funds for fulfilling
your day-to-day needs, for taking care of the illnesses that
may strike etc. Hence you must consider Retirement Planning
early in life in order that you are in a position to create
a nest egg for yourself.
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The
monstrous tsunami spared no one. It came unannounced and gobbled
up young and old alike causing untold misery and devastation.
And people found themselves helpless and powerless to fight
against the forces of nature.
Loss of human lives is unimaginable and property losses too
run into huge numbers. And with most of it being uninsured,
those who were fortunate enough to have survived are unfortunately
left with nothing to rely on.
Spare a thought to those who have sadly lost the breadwinner
of the family? Will life be the same for them? Will they be
able to continue with the comforts and standard of living that
they were used to? Not really. Loss of the breadwinner is definitely
a major loss but that’s what life is all about. One needs
to be prepared for the unexpected and not get caught unawares.
So doesn’t it make sense to buy insurance much beforehand
rather than wait till a tragedy strikes.
Insurance helps you gear up to face the unforeseen circumstances
life throws up. It prepares you financially and mentally. It
makes you feel relaxed. It takes care of your family’s
present as well as their future anytime, everytime. Have you
bought insurance? If not, consider it now before its too late.
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| Life is full of twists and turns. Needless
to say life is anything but predictable. Each of us handle life
in our own way. Some of us go rushing in headlong. Believing
in crossing bridges once they get there. The remaining, probably
wiser, plan out their life. They know very well that everything
can’t be forecast accurately. So they make contingency
plans.
That’s what Insurance is all about. Planning, to make
your life more comfortable. Comfortable in the thought that
that you & yours are well protected. Eventually it all
comes down to one thing. Your approach to life.
A little history:
Like everything, Insurance was born out of a basic need. The
story starts around 2100 B.C. in the ancient civilisation of
Babylon and in a business practice called ‘bottomry’.
For all practical purposes a form of marine insurance, bottomry
enabled ship owners to borrow money against their ships to
pay for their trips. This was due to the fact that at that
time piracy was rampant on the high seas & traders naturally
felt insecure. As a result traders & seafarers were reluctant
to sail for fear of their lives & goods. Bottomry gave
them some sort of security. The arrangement was that only
if their ship returned did traders have to repay the loan,
along with interest, which was pegged at an above-market rate
for the risk covered. So, if their ship failed to make it
back, they did not have to repay the loan, thereby recovering
some or all of the loss. So you see insurance too was born
out of a primal need and shaped by socio-eonomic realities
of that time. Something that has not changed over the years.
Contd..in the next edition.
(Reference : The Layman’s Guide to Insurance)
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