VIEW ON LIC JEEVAN SARAL POLICY

Hello Mahesh ji
I am a regular reader of your blog and first of all i would like to thank for your free guidance on stocks and I have one question on LIC JEEVAN SARAL Policy. I have bought a Policy and paying premium of 60000 per anum. Could you please tell me about your views on the policy and returns.
Regards,
Suresh
1. Suresh ji LIC JEEVAN SARAL POLICY is a mixture of traditional insurance plans and unit links plans.
2. When unit link policies of all companies is dislike by most of investors due to hidden charges and unclear benefits than LIC plan to launch this special plan for beating recurring deposits of post office.
3. LIC JEEVAN SARAL POLICY have higher risk cover, liquidity , flexibility
4. In death case LIC JEEVAN SARAL POLICY return you 250 time monthly premiums plus all paid premiums ( excluding first year premium and all extra rider premium) and loyalty editions.
5. On maturity LIC JEEVAN SARAL POLICY give sum assured plus loyalty edition.
6. The policyholder can choose a maximum term but can surrender at any time without any surrender penalty or loss after 5 years.
7. You can make Any number of withdrawals through partial surrendering in LIC JEEVAN SARAL POLICY.
8. Overall please remember one thing that any insurance plans as well as LIC JEEVAN SARAL POLICY give only 6 % to 10 % return if we see them as investment but if you see insurance as risk cover then my view is positive for this policy.
9. It is no doubt it is best plan in available policies.

VIEW ON BAJAJ ALLIANZ I-GAIN –III INSURANCE PLAN

1. Bajaj Allianz life insurance Company is launching a new plan “Bajaj Allianz I GAIN-III”
2. Bajaj Allianz iGain III Insurance Plan is a complete Online life insurance plan that gives you complete Freedom to buy directly from company. This facility reduces agent commission Burdon on consumer so provide you a high allocation compared to insurance agent base life insurance scheme.
3. So if you buy Bajaj Allianz iGain III Insurance Plan online then you get high allocation of 98% from the start of the policy. and 100% allocation from 6th policy year onwards think this is good from old ULIP’s where some companies give only 60-70 % unit allocation in first year due to high commission Burdon of insurance agents.
4. Bajaj Allianz iGain III Insurance Plan have Inbuilt accidental death cover .
5. in Bajaj Allianz iGain III Insurance Plan you have Option to select policy term of 10/ 15 or 20 years and premium paying term of 5 years to policy term.
6. in this plan company provide Automatic annual increase in sum assured from 6th policy anniversary to suit your needs.
7. in Bajaj Allianz iGain III Insurance Plan policy you have Choice of 7 different investment funds to invest in as per your risk appetite, in these 7 funds 4 funds name Equity Growth Fund II, Accelerator Mid-Cap Fund II, Pure Stock Fund and Blue-chip Equity Fund have 60-100 % allocation in equity and remain 3 funds name Asset Allocation Fund bond fund and liquid fund are debt funds.
8. In this plan two investment portfolio strategies to manage your investments which will help you to balance and safeguard your investment.
9.for example in 20 year Bajaj Allianz iGain III Insurance Plan starting years of investments, your investment is allocate in equity funds and after 5 year equity funds portion is gradually reduce and bond fund portion is gradually up, in last 5 years all of your investment shifted gradually in liquid fund.
10. You will have the option to receive the maturity benefit in installments (payable yearly, half yearly, quarterly or monthly, at the option of the policyholder) spread over a maximum period of 5 years.
11.you have Flexibility of Partial withdrawals anytime after five years from the commencement of the policy.
12. Top-up premium payment over and above regular premiums the minimum top up premium is Rs. 5,000.
13. overall my view is positive for Bajaj Allianz iGain III Insurance Plan and I think company professionals work hard for preparing this new ULIP but please remember author is not an insurance agent of any company and these points which I mention here is only for educational purpose read disclaimer on this blog before make any decision.
14. CLICK HERE TO DOWNLOAD OFFER DOCUMENTS FOR MORE DETAIL.

HOW TO BECOME A MILLANEAR INSURANCE AGENT PART 3

This is part 3 of this series

CLICK HERE TO READ PART 1

CLICK HERE TO READ PART 2

This time I give you a spiritual tip for improve your customer base. Just try it …
Take a note book on Wednesday (I think coming Wednesday with labh panchmi date 10.11.2010 is good for it) if this date is gone then no problem take note book in any Wednesday.
Now take 4 teaspoonful honey mix some kumkum in this honey and dilute it with help of some warm milk... (Take this red color honey milk kumkum mixture in an inkpot)
Use this ink in an ink fountain pen and write your targeted customer name with targeted plan to sell in above note book with this ink.
Also make a brief note that why this plan is necessary to this customer
After that try to sell your insurance plan to targeted customer which name you write this note book and you wonder your customer easily buy your plan.
Make your comments if you find this tip is work
HOW THIS TIP WORK: - our body have a subconscious mind every subconscious mind is connected with each other like a network and when you done above exercise then vibration of your brief note go spiritually to your target customer sub conscious mind and he accept your proposal when you offer him…simple it is a science not magic unfortunately our modern science not try to work on this field.

part 4 of this article will publish soon

GET YOUR RELIANCE LIFE INSURANCE POLICY STATUS BY SMS?

I think reliance life insurance company not launch SMS service like other insurance company but they have very powerful customer care service and IVR service for knew your fund status and renewal etc. just dial or Call 30338181 or 1800 300 08181 (toll-free) and get your policy status updates renewal date etc through IVR

FIND YOUR SBI LIFE INSURANCE POLICY DETAILS BY SMS

for using this service SBI LIFE policy holder has to register for these services by sending a SMS to 56161 mentioning his policy number and date of birth (DOB)

FOR REGISTRATION

sms REGNEW <(policy no.) > <(DOB)> send it to 56161

On sending the SMS for registration, the service will be activated within 24 hours. A confirmation SMS will be sent to the policyholder regarding the activation

after this registration you can get following information through SMS

for find Fund Value: To know the current value of your policy send,

FV <> (Policy Number) to 56161.

for find Fund Switch Transaction details: To find out the details about your last fund switch request,

SWTR <> (Policy Number) to 56161

for find Policy Status: To know the status of your policy send ,

POLSTATUS <> (Policy Number) to 56161

for find Renewal details: In order to know your next premium due and the due date,

RENDET <> (Policy Number) to 56161

for find Policy Dispatch details: If you have purchased a New Policy recently within last SIX months then the Policy Dispatch details can be obtained

NEWPOL <> (Policy Number) to 56161