More choice to the consumers at competitive price points is in the offing in the direct-to-home (DTH) segment as Bharti Telemedia, the DTH licence holder company of Bharti Airtel, has entered the space with a ‘test-launch' of its services.
According to sources, Bharti has seeded about 80-100 set top boxes of its DTH services to select homes across Gurgaon for the test-phase, which will be followed by the nationwide commercial launch sometime in August-September.
,
The entry, according to experts, is likely to lower the entry-level price for DTH subscription, currently Rs 2,490 (for Dish TV) and Rs 2,674 (for Tata Sky).
Between the two existing DTH players—Dish TV and Tata Sky—the market has over 5.3 million subscribers. Both the companies continue to add about 100,000 subscribers on a monthly basis.
To avail the DTH services, the consumers have to shell out for the set top box (basic hardware required to access the DTH services) and then opt for the monthly subscriptions (differ from each DTH subscribers). The monthly subscription starts with Rs 160 and Rs 175 for Dish TV and Tata Sky respectievly.
Avdhoot Investment
Jul 30, 2008
18 live bombs found in Surat
Even as Ahmedabad crawled back to normalcy, life in the glittering diamond city of Surat came to a grinding halt after police recovered as many as 18 live bombs from different areas on Tuesday.
In a significant development, Surat administration has advised malls, schools and colleges, theatres as well as textile and diamond units to shut shop on Wednesday. The police will intensify combing and patrol in the city. The commissioner of police RMS Brar has also advised people of Surat to avoid venturing out.
A large number of bombs were found in the Varachha Road area of Surat, considered to be a diamond cutting and trading hub.
Six bombs were found in Varaccha’s mini diamond bazaar, one from Mahidharpura, also known as Mota Heera Bazaar’, three from Katargaam, two from AK Road, three from four-km long Varaccha flyover, two near Labheshwar Police station and one from Patel Bhavan.
It may be recalled that on Monday, one bomb was found and defused and on Sunday two explosive laden WagonR's were also found in the city. Explosives, shrapnels and timing devices were found in the cars bearing fake number plates.
Police had yesterday released a sketch of a suspect who might have parked the car in the Heerabaugh area. The sketch was based on the description given by a watchman of a near-by building who had seen the man parking the vehicle.
Meanwhile, diamond trading activity in diamond city of Surat today came to a grinding halt especially in Varachha and Mahidharpura areas where majority of diamond trading houses and cutting and polishing units are located.
Though diamond and cutting polishing units continued with their work, diamond trading houses in Varachha and Mahidharpura remained closed for the day following dozens of live bombs recovered by the policy today in Surat.
"It could be possible that diamond industry is being targeted," said C P Vanani, president, Surat Diamond Association (SDA).
Considering the increased threat to business activity in the city, industry players have demanded more police force for the city. "The population in Surat has increased ferom 25 lakh to 40 lakh as compared to this there has not been any substantial rise in the police force available in the city. We have already intimated our demand of more police force to states home ministry. Soon, we will be approaching Gujarat chief minister Narendra Modi and Centre government asking for more security forces," said Pravin Nanavati, former president of Surat Diamond Association.
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In a significant development, Surat administration has advised malls, schools and colleges, theatres as well as textile and diamond units to shut shop on Wednesday. The police will intensify combing and patrol in the city. The commissioner of police RMS Brar has also advised people of Surat to avoid venturing out.
A large number of bombs were found in the Varachha Road area of Surat, considered to be a diamond cutting and trading hub.
Six bombs were found in Varaccha’s mini diamond bazaar, one from Mahidharpura, also known as Mota Heera Bazaar’, three from Katargaam, two from AK Road, three from four-km long Varaccha flyover, two near Labheshwar Police station and one from Patel Bhavan.
It may be recalled that on Monday, one bomb was found and defused and on Sunday two explosive laden WagonR's were also found in the city. Explosives, shrapnels and timing devices were found in the cars bearing fake number plates.
Police had yesterday released a sketch of a suspect who might have parked the car in the Heerabaugh area. The sketch was based on the description given by a watchman of a near-by building who had seen the man parking the vehicle.
Meanwhile, diamond trading activity in diamond city of Surat today came to a grinding halt especially in Varachha and Mahidharpura areas where majority of diamond trading houses and cutting and polishing units are located.
Though diamond and cutting polishing units continued with their work, diamond trading houses in Varachha and Mahidharpura remained closed for the day following dozens of live bombs recovered by the policy today in Surat.
"It could be possible that diamond industry is being targeted," said C P Vanani, president, Surat Diamond Association (SDA).
Considering the increased threat to business activity in the city, industry players have demanded more police force for the city. "The population in Surat has increased ferom 25 lakh to 40 lakh as compared to this there has not been any substantial rise in the police force available in the city. We have already intimated our demand of more police force to states home ministry. Soon, we will be approaching Gujarat chief minister Narendra Modi and Centre government asking for more security forces," said Pravin Nanavati, former president of Surat Diamond Association.
Avdhoot Investment
Parliamentary probe into cash-for-vote scam to begin tomorrow
The Parliamentary probe into the alleged 'cash-for-vote' scam would begin tomorrow but it would not be able to seek evidence from members of the Rajya Sabha who have been named in the complaint.
The Enquiry Committee headed by senior Congress member V Kishore Chandra Deo will have its first meeting tomorrow.
Constituted by Lok Sabha Speaker Somnath Chatterjee last week, the seven-member committee is expected to decide on the procedure and modalities to be followed for the task which has to be completed by August 11.
Though it would be a preliminary meeting, the committee is expected collect evidence from the three BJP MPs -- Ashok Argal, Fagan Singh Kulaste and Mahavir Bhagora -- as also the television channel which conducted the sting operation, Lok Sabha sources said.
The Committee could also look into the original video footage and make transcript as part of its enquiry, they said.
In their petition seeking a probe into the charge that attempt was made to bribe them to get their support in the trust vote, the three MPs are believed to have named SP General Secretary Amar Singh and Ahmed Patel, Political Secretary to Congress President. Both members of Rajya Sabha had denied the charge.
However, sources said that the committee would not be able to collect evidence from members who belonged to the Rajya Sabha and if such a scenario, then the complaint would be referred to an appropriate committee of the Upper House.
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The Enquiry Committee headed by senior Congress member V Kishore Chandra Deo will have its first meeting tomorrow.
Constituted by Lok Sabha Speaker Somnath Chatterjee last week, the seven-member committee is expected to decide on the procedure and modalities to be followed for the task which has to be completed by August 11.
Though it would be a preliminary meeting, the committee is expected collect evidence from the three BJP MPs -- Ashok Argal, Fagan Singh Kulaste and Mahavir Bhagora -- as also the television channel which conducted the sting operation, Lok Sabha sources said.
The Committee could also look into the original video footage and make transcript as part of its enquiry, they said.
In their petition seeking a probe into the charge that attempt was made to bribe them to get their support in the trust vote, the three MPs are believed to have named SP General Secretary Amar Singh and Ahmed Patel, Political Secretary to Congress President. Both members of Rajya Sabha had denied the charge.
However, sources said that the committee would not be able to collect evidence from members who belonged to the Rajya Sabha and if such a scenario, then the complaint would be referred to an appropriate committee of the Upper House.
Avdhoot Investment
Highlights of RBI Monetary Policy review
The Reserve Bank of India (RBI) Governor today presented the first quarter review of annual statement on Monetary Policy for the Year 2008-09.
Some of the key highlights are as follows:
- The RBI hiked repo rate by 50 basis points from 8.5 per cent to 9.00 per cent.
- Cash Reserve Ratio to be raised by 25 basis points to 9.0 per cent with effect from the fortnight beginning August 30, 2008.
- Bank Rate kept unchanged.
- Reverse Repo Rate under LAF kept unchanged.
- GDP growth projection for 2008-09 revised from the range of 8.0-8.5 per cent to around 8.0 per cent, barring domestic or external shocks.
- While the policy actions would aim to bring down the current intolerable level of inflation to a tolerable level of below 5.0 per cent as soon as possible and around 3.0 per cent over the medium-term, at this juncture a realistic policy endeavour would be to bring down inflation from the current level of about 11.0-12.0 per cent to a level close to 7.0 per cent by March 31, 2009.
- While there are early signs of some moderation in money supply and deposit growth, they continue to expand above the indicative projections warranting continuous vigilance and appropriate and timely policy responses.
- In view of the evolving environment of heightened uncertainty in global markets and the dangers of potential spillovers to domestic markets, liquidity management will continue to receive priority in the hierarchy of policy objectives over the period ahead.
- Barring the emergence of any adverse and unexpected developments in various sectors of the economy, assuming that capital flows are effectively managed, and keeping in view the current assessment of the economy including the outlook for growth and inflation, the overall stance of monetary policy in 2008-09 will broadly continue to be:
- To ensure a monetary and interest rate environment that accords high priority to price stability, well-anchored inflation expectations and orderly conditions in financial markets while being conducive to continuation of the growth momentum.
- To respond swiftly on a continuing basis to the evolving constellation of adverse international developments and to the domestic situation impinging on inflation expectations, financial stability and growth momentum, with both conventional and unconventional measures, as appropriate.
- To emphasise credit quality as well as credit delivery, in particular, for employment-intensive sectors, while pursuing financial inclusion.
Avdhoot Investment
Some of the key highlights are as follows:
- The RBI hiked repo rate by 50 basis points from 8.5 per cent to 9.00 per cent.
- Cash Reserve Ratio to be raised by 25 basis points to 9.0 per cent with effect from the fortnight beginning August 30, 2008.
- Bank Rate kept unchanged.
- Reverse Repo Rate under LAF kept unchanged.
- GDP growth projection for 2008-09 revised from the range of 8.0-8.5 per cent to around 8.0 per cent, barring domestic or external shocks.
- While the policy actions would aim to bring down the current intolerable level of inflation to a tolerable level of below 5.0 per cent as soon as possible and around 3.0 per cent over the medium-term, at this juncture a realistic policy endeavour would be to bring down inflation from the current level of about 11.0-12.0 per cent to a level close to 7.0 per cent by March 31, 2009.
- While there are early signs of some moderation in money supply and deposit growth, they continue to expand above the indicative projections warranting continuous vigilance and appropriate and timely policy responses.
- In view of the evolving environment of heightened uncertainty in global markets and the dangers of potential spillovers to domestic markets, liquidity management will continue to receive priority in the hierarchy of policy objectives over the period ahead.
- Barring the emergence of any adverse and unexpected developments in various sectors of the economy, assuming that capital flows are effectively managed, and keeping in view the current assessment of the economy including the outlook for growth and inflation, the overall stance of monetary policy in 2008-09 will broadly continue to be:
- To ensure a monetary and interest rate environment that accords high priority to price stability, well-anchored inflation expectations and orderly conditions in financial markets while being conducive to continuation of the growth momentum.
- To respond swiftly on a continuing basis to the evolving constellation of adverse international developments and to the domestic situation impinging on inflation expectations, financial stability and growth momentum, with both conventional and unconventional measures, as appropriate.
- To emphasise credit quality as well as credit delivery, in particular, for employment-intensive sectors, while pursuing financial inclusion.
Avdhoot Investment
RBI measure signals banks to moderate credit growth: FinMin
The Finance Ministry today said the hike in repo rate and cash reserve requirement is a signal to banks to moderate credit growth to contain inflation.
“The government expects that the measures taken by the Reserve Bank of India today, in continuation of the measures already taken over the last two months, will help in moderating and containing inflation,” the Ministry said in a statement today.
The RBI's decision to increase repo rate by 50 basis points and cash reserve requirement by 25 basis points will put pressure on margins of banks, who may pass on the cost to borrowers. The increase in cash reserve requirement impounds funds available with the banks. The repo rate is the rate at which banks are allowed to access funds from the RBI for liquidity adjustment.
“The increase in the CRR and the Repo rate is a signal to the banks that credit growth must be moderated, having regard to the need to moderate aggregate demand,” the statement added.
It advised the banks to carefully appraise loan requests and ensure that adequate credit is available to the productive sectors.
Yesterday, in its first quarter review, the RBI had noted that “potential inflationary pressure from international food and energy prices are likely to remain so for some time.”
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“The government expects that the measures taken by the Reserve Bank of India today, in continuation of the measures already taken over the last two months, will help in moderating and containing inflation,” the Ministry said in a statement today.
The RBI's decision to increase repo rate by 50 basis points and cash reserve requirement by 25 basis points will put pressure on margins of banks, who may pass on the cost to borrowers. The increase in cash reserve requirement impounds funds available with the banks. The repo rate is the rate at which banks are allowed to access funds from the RBI for liquidity adjustment.
“The increase in the CRR and the Repo rate is a signal to the banks that credit growth must be moderated, having regard to the need to moderate aggregate demand,” the statement added.
It advised the banks to carefully appraise loan requests and ensure that adequate credit is available to the productive sectors.
Yesterday, in its first quarter review, the RBI had noted that “potential inflationary pressure from international food and energy prices are likely to remain so for some time.”
Avdhoot Investment
Jul 29, 2008
Insurance
Insurance, in law and economics, is a form of risk management primarily used to hedge against the risk of a contingent loss. Insurance is defined as the equitable transfer of the risk of a loss, from one entity to another, in exchange for a premium. An insurer is a company selling the insurance. The insurance rate is a factor used to determine the amount, called the premium, to be charged for a certain amount of insurance coverage. Risk management, the practice of appraising and controlling risk, has evolved as a discrete field of study and practice.
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Income tax of India
An income tax is a tax levied on the financial income of persons, corporations, or other legal entities. Various income tax systems exist, with varying degrees of tax incidence. Income taxation can be progressive, proportional, or regressive. When the tax is levied on the income of companies, it is often called a corporate tax, corporate income tax, or profit tax. Individual income taxes often tax the total income of the individual (with some deductions permitted), while corporate income taxes often tax net income (the difference between gross receipts, expenses, and additional write-offs).
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Income tax collections in Delhi touches Rs 12,180 cr
Direct tax collections in the national capital have shown an unprecedented growth of 83.3 per cent and touched Rs 12,180.7 crore as on July 24 this fiscal, against Rs 6,646.2 crore a year ago.
"Looking at the growth of over 83 per cent in Direct Tax collections so far, we are certain to cross the target of Rs 64,590 crore in 2008-09," Delhi Chief Commissioner Income Tax Vijay Bhushan told reporters today.
Direct Tax collections, which include corporate and personal income tax, comprises Rs 8,090 crore tax deducted at source (TDS) mainly by the employers. TDS collection rose by 71.3 per cent over Rs 4,793 crore between April 1 and July 24, against Rs 4,793 crore during the corresponding period last fiscal.
He said to facilitate taxpayers in submiting their returns, 280 counters have been set in Delhi that would be manned by 1,300 officials of the department.
In places like Pragati Maidan, special counters would remain open till July 31, the last date of filing returns, to collect tax returns from taxpayers. Special arrangements have been made for senior citizens and women taxpayers, he said.
Over seven-to-eight lakh taxpayers are expected to submit their returns. Bhushan said taxpayers could also deposit taxes at the counters of Union Bank of India.
In addition, Bhushan said, the taxpayers could also electronically file their returns or deposit taxes.
However, in case of e-filing of returns without digital signatures, they would have to get acknowledgments forms stamped from the assessing officer concerned within 15 days otherwise their returns could be cancelled, he said.
"Looking at the growth of over 83 per cent in Direct Tax collections so far, we are certain to cross the target of Rs 64,590 crore in 2008-09," Delhi Chief Commissioner Income Tax Vijay Bhushan told reporters today.
Direct Tax collections, which include corporate and personal income tax, comprises Rs 8,090 crore tax deducted at source (TDS) mainly by the employers. TDS collection rose by 71.3 per cent over Rs 4,793 crore between April 1 and July 24, against Rs 4,793 crore during the corresponding period last fiscal.
He said to facilitate taxpayers in submiting their returns, 280 counters have been set in Delhi that would be manned by 1,300 officials of the department.
In places like Pragati Maidan, special counters would remain open till July 31, the last date of filing returns, to collect tax returns from taxpayers. Special arrangements have been made for senior citizens and women taxpayers, he said.
Over seven-to-eight lakh taxpayers are expected to submit their returns. Bhushan said taxpayers could also deposit taxes at the counters of Union Bank of India.
In addition, Bhushan said, the taxpayers could also electronically file their returns or deposit taxes.
However, in case of e-filing of returns without digital signatures, they would have to get acknowledgments forms stamped from the assessing officer concerned within 15 days otherwise their returns could be cancelled, he said.
Indian, Pakistani troops to hold flag meeting today
A flag meeting at the local level between Indian and Pakistani troops is likely to take place later today as exchange of fire between the two armies stopped this morning, a defence spokesman said.
A flag meeting at the company commander-level has been convened by the Indian army which has been accepted by its Pakistani counterpart, the spokesman said.
He said the firing between the two sides which lasted for nearly 16 hours stopped this morning. Sepoy Mahesh of Rewari in Haryana was killed during the gunbattle.
Pakistani troops initiated the firing around 3.30 pm yesterday after a group of 10 or 12 of them crossed over to this side in Nowgam sector for talks, he said.
They raised objections to a bunker and resulted in heated exchange of words with the Indian troops, the spokesman said.
After returning to their side, they opened fire indiscriminately during which the Indian soldier was killed, he said adding that the Indian troops also retaliated.
Asked if there were any casualties on the Pakistani side, the spokesman said he was not aware of any across the border. "We have not seen them (casualties on Pak side)," he added.
A flag meeting at the company commander-level has been convened by the Indian army which has been accepted by its Pakistani counterpart, the spokesman said.
He said the firing between the two sides which lasted for nearly 16 hours stopped this morning. Sepoy Mahesh of Rewari in Haryana was killed during the gunbattle.
Pakistani troops initiated the firing around 3.30 pm yesterday after a group of 10 or 12 of them crossed over to this side in Nowgam sector for talks, he said.
They raised objections to a bunker and resulted in heated exchange of words with the Indian troops, the spokesman said.
After returning to their side, they opened fire indiscriminately during which the Indian soldier was killed, he said adding that the Indian troops also retaliated.
Asked if there were any casualties on the Pakistani side, the spokesman said he was not aware of any across the border. "We have not seen them (casualties on Pak side)," he added.
PM announces compensation of Rs 3.5 lakh for A\'bad blast victim families
Prime Minister Manmohan Singh, who was on a visit to blast-hit Ahmedabad, has announced an ex gratia of Rs 3.50 lakh for the families of those dead in the Saturday blasts. The prime minister also announced a compensation of Rs 50,000 for the injured.
Earlier, the Centre had announced an ex-gratia of Rs 1 lakh for those killed in the blasts.
“I have come to express our solidarity with the people of Gujarat in their hour of crisis. I commend the people of Gujarat for the resilience they have shown. These terrorist acts are aimed at destroying our social fabric, undermining communal harmony and demoralising our people.... We will rise to the challenge and I am confident we will be able to defeat these forces,” said the prime minister.
Earlier, the Centre had announced an ex-gratia of Rs 1 lakh for those killed in the blasts.
“I have come to express our solidarity with the people of Gujarat in their hour of crisis. I commend the people of Gujarat for the resilience they have shown. These terrorist acts are aimed at destroying our social fabric, undermining communal harmony and demoralising our people.... We will rise to the challenge and I am confident we will be able to defeat these forces,” said the prime minister.
Indian-origin judge confirmed as new UN human rights chief
Indian-origin judge confirmed as new UN human rights chief
Press Trust Of India / New York July 29, 2008, 12:06 IST
Harvard-educated Indian origin judge Navanethem Pillay is the new UN High Commissioner for Human Rights after the General Assembly voted unanimously to confirm her nomination to the sensitive post.
Pillay, 67, who is from South Africa, will succeed Louise Arbour of Canada who completed her term on June 30.
Pillay, who was formally nominated to the post by UN Secretary General Ban Ki-moon last week, will assume her new post on September one for a four-year term.
Welcoming Pillay's appointment yesterday, Ban said he was "gratified" that his nomination of Pillay as Arbour's successor has been endorsed by the General Assembly."
Pillay is serving as a judge on the International Criminal Court (ICC) in the Hague since 2003. She had earlier served both as judge and president on the International Criminal Tribunal for Rwanda which she had joined in 1995.
The job of human rights commissioner is both high profile and controversial as member States are very sensitive to their respective records.
Born into an ethnic Tamil family during apartheid days she was brought up in a poor neighbourhood and had the taste of discrimination.
Despite odds, she became the first woman to start law practice in South Africa's Natal Province in 1968 and defended several anti-apartheid activists and successfully fought for the right of political prisoners, including Nelson Mandela, to have access to lawyers.
In 1992, she co-founded Equality Now which works women's rights across the world. In 2003 she received the inaugural Gruber Prize for Women's Rights.
Press Trust Of India / New York July 29, 2008, 12:06 IST
Harvard-educated Indian origin judge Navanethem Pillay is the new UN High Commissioner for Human Rights after the General Assembly voted unanimously to confirm her nomination to the sensitive post.
Pillay, 67, who is from South Africa, will succeed Louise Arbour of Canada who completed her term on June 30.
Pillay, who was formally nominated to the post by UN Secretary General Ban Ki-moon last week, will assume her new post on September one for a four-year term.
Welcoming Pillay's appointment yesterday, Ban said he was "gratified" that his nomination of Pillay as Arbour's successor has been endorsed by the General Assembly."
Pillay is serving as a judge on the International Criminal Court (ICC) in the Hague since 2003. She had earlier served both as judge and president on the International Criminal Tribunal for Rwanda which she had joined in 1995.
The job of human rights commissioner is both high profile and controversial as member States are very sensitive to their respective records.
Born into an ethnic Tamil family during apartheid days she was brought up in a poor neighbourhood and had the taste of discrimination.
Despite odds, she became the first woman to start law practice in South Africa's Natal Province in 1968 and defended several anti-apartheid activists and successfully fought for the right of political prisoners, including Nelson Mandela, to have access to lawyers.
In 1992, she co-founded Equality Now which works women's rights across the world. In 2003 she received the inaugural Gruber Prize for Women's Rights.
RBI hikes rates; repo rate up 50bps, CRR up 25bps
The Reserve Bank of India (RBI) Governor today presented the first quarter review of annual statement on Monetary Policy for the Year 2008-09.
Some of the key highlights are as follows:
- The RBI hiked repo rate by 50 basis points from 8.5 per cent to 9.00 per cent.
- Cash Reserve Ratio to be raised by 25 basis points to 9.0 per cent with effect from the fortnight beginning August 30, 2008.
- Bank Rate kept unchanged.
- Reverse Repo Rate under LAF kept unchanged.
- GDP growth projection for 2008-09 revised from the range of 8.0-8.5 per cent to around 8.0 per cent, barring domestic or external shocks.
- While the policy actions would aim to bring down the current intolerable level of inflation to a tolerable level of below 5.0 per cent as soon as possible and around 3.0 per cent over the medium-term, at this juncture a realistic policy endeavour would be to bring down inflation from the current level of about 11.0-12.0 per cent to a level close to 7.0 per cent by March 31, 2009.
- While there are early signs of some moderation in money supply and deposit growth, they continue to expand above the indicative projections warranting continuous vigilance and appropriate and timely policy responses.Avdhoot Investment
Some of the key highlights are as follows:
- The RBI hiked repo rate by 50 basis points from 8.5 per cent to 9.00 per cent.
- Cash Reserve Ratio to be raised by 25 basis points to 9.0 per cent with effect from the fortnight beginning August 30, 2008.
- Bank Rate kept unchanged.
- Reverse Repo Rate under LAF kept unchanged.
- GDP growth projection for 2008-09 revised from the range of 8.0-8.5 per cent to around 8.0 per cent, barring domestic or external shocks.
- While the policy actions would aim to bring down the current intolerable level of inflation to a tolerable level of below 5.0 per cent as soon as possible and around 3.0 per cent over the medium-term, at this juncture a realistic policy endeavour would be to bring down inflation from the current level of about 11.0-12.0 per cent to a level close to 7.0 per cent by March 31, 2009.
- While there are early signs of some moderation in money supply and deposit growth, they continue to expand above the indicative projections warranting continuous vigilance and appropriate and timely policy responses.Avdhoot Investment
Sensex tumbles on RBI rate hike move
The Sensex is now down 441 points at 13,908.
- Sensex ends down 484pts at 15,349
- Sensex up 267pts; Maruti slips 3%
- Sensex down 53pts in early trades
- Sensex down 152pts; Grasim, L&T drag
- Sensex down 398pts; Ranbaxy up 3%
The NSE Nifty is down 119 points at 4,213.
ICICI Bank has slumped 6.7% to Rs 619. HDFC and HDFC Bank have tumbled over 5% each to Rs 2,102 and Rs 1,068, respectively.
Tata Motors, Larsen & Toubro and Maruti have shed 5% each at Rs 405, Rs 2,588 and Rs 581, respectively.
Mahindra & Mahindra, Reliance Communications and Reliance Infrastructure have slipped around 4% each to Rs 507, Rs 492 and Rs 949, respectively.
SBI and Hindalco have dropped 3.7% each to Rs 1,365 and Rs 141, respectively. Grasim has shed 3.5% at Rs 1,752.
Ranbaxy, Jaiprakash Associates and DLF have declined over 3% each to Rs 478, RS 157 and Rs 484, respectively.
Bharti Airtel, ONGC and ACC are down 3% each at Rs 771, Rs 982 and Rs 576, respectively.
Sterlite has moved up 1.4% to Rs 591.
- Sensex ends down 484pts at 15,349
- Sensex up 267pts; Maruti slips 3%
- Sensex down 53pts in early trades
- Sensex down 152pts; Grasim, L&T drag
- Sensex down 398pts; Ranbaxy up 3%
The NSE Nifty is down 119 points at 4,213.
ICICI Bank has slumped 6.7% to Rs 619. HDFC and HDFC Bank have tumbled over 5% each to Rs 2,102 and Rs 1,068, respectively.
Tata Motors, Larsen & Toubro and Maruti have shed 5% each at Rs 405, Rs 2,588 and Rs 581, respectively.
Mahindra & Mahindra, Reliance Communications and Reliance Infrastructure have slipped around 4% each to Rs 507, Rs 492 and Rs 949, respectively.
SBI and Hindalco have dropped 3.7% each to Rs 1,365 and Rs 141, respectively. Grasim has shed 3.5% at Rs 1,752.
Ranbaxy, Jaiprakash Associates and DLF have declined over 3% each to Rs 478, RS 157 and Rs 484, respectively.
Bharti Airtel, ONGC and ACC are down 3% each at Rs 771, Rs 982 and Rs 576, respectively.
Sterlite has moved up 1.4% to Rs 591.
Jul 28, 2008
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Bombay Rayon Fashions Results - Announces Qtr Ending June 2008-2009 results
Bombay Rayon Fashions net profit rose 58.41% to Rs 34.93 crore in the quarter ended June 2008 compared to Rs 22.05 crore during the previous quarter ended June 2007. Sales rose 36.68% to Rs 275.07 crore in Qtr ending June 2008 for the financial year 2008-2009 compared to Rs 201.25 crore in qtr ending june 2007.
Avdhoot Investment
Avdhoot Investment
Divi’s Laboratories Results - Announces Qtr Ending June 2008-2009 results
Divi’s Laboratories net profit rose 43.40% to Rs 96.48 crore in the quarter ended June 2008 compared to Rs 67.28 crore in qtr ending june 2007. Sales rose 16.66% to Rs 266.07 crore in Qtr ending June 2008 for the financial year 2008-2009 compared to Rs 228.07 crore in qtr ending june 2007.
Avdhoot Investment
Avdhoot Investment
Dolphin Offshore Enterprises Results - Announces Qtr Ending June 2008-2009 results
Dolphin Offshore Enterprises (India) net profit rose 241.70% to Rs 8.44 crore in the quarter ended June 2008 compared to Rs 2.47 crore during the previous quarter ended June 2007. Sales rose 33.27% to Rs 66.93 crore in Qtr ending June 2008 for the financial year 2008-2009 compared to Rs 50.22 crore in qtr ending june 2007.
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Avdhoot Investment
PTC India Results - Announces Qtr Ending June 2008-2009 results
PTC India net profit rose 58.67% to Rs 18.85 crore in Qtr ending June 2008 for the financial year 2008-2009 compared to Rs 11.88 crore in qtr ending june 2007. Sales rose 3.85% to Rs 1203.10 crore in Qtr ending June 2008 for the financial year 2008-2009 compared to Rs 1158.55 crore in qtr ending june 2007.
Avdhoot Investment
Avdhoot Investment
Techno Electric & Engineering Results - Announces Qtr Ending June 2008-2009 results
Techno Electric & Engineering Company net profit rose 147.42% to Rs 11.01 crore in the quarter ended June 2008 compared to Rs 4.45 crore during the previous quarter ended June 2007. Sales rose 63.13% to Rs 115.17 crore in Qtr ending June 2008 for the financial year 2008-2009 compared to Rs 70.60 crore in qtr ending june 2007.Avdhoot Investment
JM Financial Results - Announces Qtr Ending June 2008-2009 results
JM Financial net profit rose 600.00% to Rs 2.66 crore in the quarter ended June 2008 compared to Rs 0.38 crore in qtr ending june 2007. Sales rose 204.30% to Rs 5.66 crore in Qtr ending June 2008 for the financial year 2008-2009 compared to Rs 1.86 crore in qtr ending june 2007.
Avdhoot Investment
Avdhoot Investment
Dover Securities Results - Announces Qtr Ending June 2008-2009 results
Dover Securities net profit rose 133600.00% to Rs 13.37 crore in the quarter ended June 2008 compared to Rs 0.01 crore in qtr ending june 2007. Sales rose 958.85% to Rs 23.93 crore in Qtr ending June 2008 for the financial year 2008-2009 compared to Rs 2.26 crore in qtr ending june 2007.
Avdhoot Investment
Avdhoot Investment
ICICI Bank Results - Announces Qtr Ending June 2008-2009 results
ICICI Bank net profit declined 6.07% to Rs 728.01 crore in the quarter ended June 2008 compared to Rs 775.08 crore in qtr ending june 2007. Total operating income rose 7.65% to Rs 7891.80 crore in Qtr ending June 2008 for the financial year 2008-2009 as against Rs 7330.83 crore in qtr ending june 2007.
Avdhoot Investment
Avdhoot Investment
State Bank of India Results - Announces Qtr Ending June 2008-2009 results
State Bank of India net profit rose 15.08% to Rs 1640.79 crore in the quarter ended June 2008 compared to Rs 1425.81 crore during the previous quarter ended June 2007. Total operating income rose 24.42% to Rs 13799.20 crore in the quarter ended June 2008 compared to Rs 11090.50 crore in qtr ending june 2007.Avdhoot Investment
Nutek IPO - Nutek IPO opens on july 29th 2008
About Nutek
Nu Tek offers integrated telecom-infrastructure related services for operators and equipment manufacturers. They begin from the conception to installation and operations. They also provide premium-outsourcing solutions. Their differentiation point has always been their four qualities Flexibility,speed,innovation and reliability.
Nutek IPO Details
Symbol - Series : NUTEKEQ
Issue Period : Jul 29, 2008 to Aug 01, 2008
Issue Size : 45,00,000 EQUITY SHARES
Face Value : Rs. 10/-
Price Range : RS. 170 /- TO RS. 192 /-
Minimum Order Quantity : 30 shares
Avdhoot Investment
Nu Tek offers integrated telecom-infrastructure related services for operators and equipment manufacturers. They begin from the conception to installation and operations. They also provide premium-outsourcing solutions. Their differentiation point has always been their four qualities Flexibility,speed,innovation and reliability.
Nutek IPO Details
Symbol - Series : NUTEKEQ
Issue Period : Jul 29, 2008 to Aug 01, 2008
Issue Size : 45,00,000 EQUITY SHARES
Face Value : Rs. 10/-
Price Range : RS. 170 /- TO RS. 192 /-
Minimum Order Quantity : 30 shares
Avdhoot Investment
Maruti 800 Uniq - Is this for Tata Nano
Maruti suzuki which came out with results that are below par and also the sales where down , They are already getting the heat as its not too far that tata nano is going to come to market ,They have come out with ‘Uniq’ way to give further sell its oldest variant M800 , the new car will come at an extra cost of Rs 5,200 over the regular model. Currently, regular M800 AC model is priced at Rs 2,11,176 . Contact us for your Car Insurance here.
Avdhoot Investment
Avdhoot Investment
Jul 26, 2008
News Bomb Blast at Ahmedabad
Breaking news Serial Bomb Blast in Ahmedabad today in 4-5 Areas. News by Aaj Tak Channel Avdhoot Investment
Jul 25, 2008
How to connect your domain to Wordpress Blog?
1.I'm buying domains in yahoo
2.When your domain is active go to Dashboard -> Upgrades -> Domains in your admin wordpress account, enter domain name in the text box after http:// and click on the button "Add domain to blog" - you get message
Credits
Domain mapping is available for 10 credits per domain per year, registration not included. You have 0.00 credits. You will have to purchase additional credits via PayPal. Note that some forms of payment (eChecks) may take several days to process.
Possible problem with tomorrowstyle.com
We were unable to verify that tomorrowstyle.com is pointing to WordPress.com. If you own this domain, follow the directions below to get it ready for your blog. If you don’t own it, try a different name to see if something else is available. If the domain is available, you may be able to register it with another registrar and then map it to your blog.
How to fix it
Using the DNS tools provided by your domain registrar, remove any existing nameservers and add the following:
NS1.WORDPRESS.COM
NS2.WORDPRESS.COM
NS3.WORDPRESS.COM
Then come back here and try again. It may take several hours for our system to recognize the changes.
4. Go to yahoo small Business, click on the Domain Control Panel that you need
5. Click on Edit Domain Locking
6. Click on the button "Unlock Domain", also in the next screen too
7. Back to Domain Control Panel and click on Manage Advanced DNS Settings
8. Click on Change Nameservers
9. Replace yns1.yahoo.com to NS1.WORDPRESS.COM, yns2.yahoo.com to NS2.WORDPRESS.COM and add in Additional text box NS3.WORDPRESS.COM, click on Submit button
10. Back to wordpress admin account and clikc on Try again button
11. Click on Buy 10 Credits button
12. After paying 10$ from your paypal account you back automaticly to wordpress and choose option - put my blog on own domain Avdhoot Investment
2.When your domain is active go to Dashboard -> Upgrades -> Domains in your admin wordpress account, enter domain name in the text box after http:// and click on the button "Add domain to blog" - you get message
Credits
Domain mapping is available for 10 credits per domain per year, registration not included. You have 0.00 credits. You will have to purchase additional credits via PayPal. Note that some forms of payment (eChecks) may take several days to process.
Possible problem with tomorrowstyle.com
We were unable to verify that tomorrowstyle.com is pointing to WordPress.com. If you own this domain, follow the directions below to get it ready for your blog. If you don’t own it, try a different name to see if something else is available. If the domain is available, you may be able to register it with another registrar and then map it to your blog.
How to fix it
Using the DNS tools provided by your domain registrar, remove any existing nameservers and add the following:
NS1.WORDPRESS.COM
NS2.WORDPRESS.COM
NS3.WORDPRESS.COM
Then come back here and try again. It may take several hours for our system to recognize the changes.
4. Go to yahoo small Business, click on the Domain Control Panel that you need
5. Click on Edit Domain Locking
6. Click on the button "Unlock Domain", also in the next screen too
7. Back to Domain Control Panel and click on Manage Advanced DNS Settings
8. Click on Change Nameservers
9. Replace yns1.yahoo.com to NS1.WORDPRESS.COM, yns2.yahoo.com to NS2.WORDPRESS.COM and add in Additional text box NS3.WORDPRESS.COM, click on Submit button
10. Back to wordpress admin account and clikc on Try again button
11. Click on Buy 10 Credits button
12. After paying 10$ from your paypal account you back automaticly to wordpress and choose option - put my blog on own domain Avdhoot Investment
Google Office: Google Apps for Your Domain
The first version of Google Apps for Your Domain has been released, offering hosted applications that provide free, ad-supported services including email, chat, calendar, and simple web page creation. Each of the services is integrated with Google's authentication, and offers features that are either close to or on par with the best-of-breed individual hosted applications in their category. Google Apps doesn't compete with Microsoft Office; The primary challenge will be to market this offering to the small- and medium-sized businesses that are its primary audience.
Avdhoot Investment
Avdhoot Investment
We need Marketing Executive in Ahmedabad.
People who will connect in Financial Sector may join with us for sell out of our LIC, Non Life Insurance, Mutual Funds, Company Deposits, Postal Schemes etc. This is part time job with higher payout on commission based.Post your Resume immediate on info@avdhootinvestment.com see our site for detail Avdhoot Investment
We need your help in SEO, Webdesigning, Hosting
Dear All
Avdhoot Investment need helps on Search Engine Optimization, SEO, Website Designer, Hosting in Ahmedabad for my WebsiteAvdhoot Investment. Contcact me for your cheaper plan. How can i coneect my Google Blog with my website?
Avdhoot Investment need helps on Search Engine Optimization, SEO, Website Designer, Hosting in Ahmedabad for my WebsiteAvdhoot Investment. Contcact me for your cheaper plan. How can i coneect my Google Blog with my website?
Jul 24, 2008
LIC's New Money Plus -1 Unit Plan Policy Detail LIC
LIC's New Money Plus -1 Unit Plan Policy Detail: This is a unit linked Endowment plan with regular premium paying term which offers investment cum insurance during the term of the policy. You can choose the level of cover within the limits, which will depend on the level of premium you agree to pay.
Four types of investment Funds are offered. Premiums paid after allocation charge will purchase units of the Fund type chosen. The Unit Fund is subject to various charges and value of units may increase or decrease, depending on the Net Asset Value (NAV).LIC
1. Payment of Premiums: You may pay premiums regularly at yearly, half-yearly, quarterly or monthly (ECS) intervals over the term of the policy. The minimum annual premium will be Rs.5,000/- increasing thereafter in multiples of Rs.1,000/-. The minimum monthly (ECS) premium will be Rs. 1000/- increasing thereafter in multiples of Rs. 250/-.
Avdhoot Investment
Four types of investment Funds are offered. Premiums paid after allocation charge will purchase units of the Fund type chosen. The Unit Fund is subject to various charges and value of units may increase or decrease, depending on the Net Asset Value (NAV).LIC
1. Payment of Premiums: You may pay premiums regularly at yearly, half-yearly, quarterly or monthly (ECS) intervals over the term of the policy. The minimum annual premium will be Rs.5,000/- increasing thereafter in multiples of Rs.1,000/-. The minimum monthly (ECS) premium will be Rs. 1000/- increasing thereafter in multiples of Rs. 250/-.
Avdhoot Investment
Sesa Goa Results - Announces June 2008 QTR End results
Sesa Goa net profit rose 442.42% to Rs 644.72 crore in the first qtr ending june of 2008-2009 compared to Rs 118.86 crore during the Prv QOQ of june 2007. Sales rose 175.59% to Rs 1251.68 crore in the first qtr ending june of 2008-2009 compared to Rs 454.18 crore during the Prv QOQ of june 2007.
Avdhoot Investment
Avdhoot Investment
Sensex up by 838 points
Sensex up by 838 points or almost 5.45 percent , this is what will happen if the investor is happy and the global market is also happy , the market returned back gift for the uncertainity drama that was goign in the UPA govenment and also the oil price which is at 125 $ per barrel which was at a high of 147 dollar 2 weeks back.Almost 5 scrip in the sesex stock has gone up by more than 10 percent .
Sensex stock up by more than 10 percent
Reliance Communication (up 12.33% at Rs 525.85),
Housing Development Finance Corporation (up 12.03% at Rs 2404),
State Bank of India (up 10.75% at Rs 1548),
Bharat Heavy Elelctricals (up 10.68% at Rs 1768.10), and
Reliance Infrastructure (up 9.87% at Rs 1010)
Market finally closed by
SENSEX 14,942.28 +838.08 +5.94
MIDCAP 5,615.94 +269.91 +5.05
SMLCAP 6,812.64 +276.22 +4.23
BSE-500 5,692.25 +320.14 +5.96
Avdhoot Investment
Sensex stock up by more than 10 percent
Reliance Communication (up 12.33% at Rs 525.85),
Housing Development Finance Corporation (up 12.03% at Rs 2404),
State Bank of India (up 10.75% at Rs 1548),
Bharat Heavy Elelctricals (up 10.68% at Rs 1768.10), and
Reliance Infrastructure (up 9.87% at Rs 1010)
Market finally closed by
SENSEX 14,942.28 +838.08 +5.94
MIDCAP 5,615.94 +269.91 +5.05
SMLCAP 6,812.64 +276.22 +4.23
BSE-500 5,692.25 +320.14 +5.96
Avdhoot Investment
Jul 22, 2008
We are now ICICI Bank Home Finance Fixed Deposits Authorised Agent
We are now working with ICICI Bank Housing Finance LTD. Authorised Associates. Contact us for attractive Fixed Deposits rates. Avdhoot Investment
Jul 19, 2008
Senior Citizen's Saving Scheme
9% interest per annum payable quarterly.
Minimum Deposit: Rs 1000 and multiples thereof.
Maximum Limit : 15 Lakhs.
The scheme is for 5 years and can be extended for a further period of 3 years.
Premature closure facility is available after 1 year with nominal penelaty.
Risk free investment.
Individual aged of 60 years and above can invest.
Retiring employees aged 55 years and above can invest under scheme.
No TDS.
Joint account can be opened with spouse. Avdhoot Investment
Minimum Deposit: Rs 1000 and multiples thereof.
Maximum Limit : 15 Lakhs.
The scheme is for 5 years and can be extended for a further period of 3 years.
Premature closure facility is available after 1 year with nominal penelaty.
Risk free investment.
Individual aged of 60 years and above can invest.
Retiring employees aged 55 years and above can invest under scheme.
No TDS.
Joint account can be opened with spouse. Avdhoot Investment
Monthly Income Schemes/ MIS
Interest rate of 8% per annum payable monthly.
Maturity period is 6 years.
Minimum investment amount is Rs.1500/- or in multiple thereof.
Maximum amount is Rs. 4.5 lacs in single account and Rs. 9 lacs in a joint account.
Account can be opened by an individual, two/three adults jointly and a minor through a guardian.
A minor having attained 10 years of age can open an account in his/her own name directly.
Non-Resident Indian / HUF cannot open the Account.
Minor has a separate limit of investment of Rs. 3 lacs and the same is not clubbed with the limit of guardian.
A separate account is opened for each deposit.
Any number of accounts can be opened subject to the maximum prescribed limit.
Facility of automatic credit of monthly interest to saving account if accounts are at the same post office.
Facility of premature closure of account after one year @ 3.50% discount.
No deduction of 3.5% if account is closed on completion of three years.
Facility of reinvestment on maturity of an account.
Interest not with-drawan does not carry any interest.
Maturity proceeds not drawn are eligible to saving account interest rate for a maximum period of two years.
Account is transferable from one post office to any Post office in India free of cost.
Nomination facility available.
Rebate under section 80 C not admissible.
Interest income is taxable, but no TDS
Only scheme in Post office where monthly interest is payable.
Most suitable scheme for senior citizens and for those who need regular monthly income.
Deposits are exempt from Wealth Tax.
Avdhoot Investment
Maturity period is 6 years.
Minimum investment amount is Rs.1500/- or in multiple thereof.
Maximum amount is Rs. 4.5 lacs in single account and Rs. 9 lacs in a joint account.
Account can be opened by an individual, two/three adults jointly and a minor through a guardian.
A minor having attained 10 years of age can open an account in his/her own name directly.
Non-Resident Indian / HUF cannot open the Account.
Minor has a separate limit of investment of Rs. 3 lacs and the same is not clubbed with the limit of guardian.
A separate account is opened for each deposit.
Any number of accounts can be opened subject to the maximum prescribed limit.
Facility of automatic credit of monthly interest to saving account if accounts are at the same post office.
Facility of premature closure of account after one year @ 3.50% discount.
No deduction of 3.5% if account is closed on completion of three years.
Facility of reinvestment on maturity of an account.
Interest not with-drawan does not carry any interest.
Maturity proceeds not drawn are eligible to saving account interest rate for a maximum period of two years.
Account is transferable from one post office to any Post office in India free of cost.
Nomination facility available.
Rebate under section 80 C not admissible.
Interest income is taxable, but no TDS
Only scheme in Post office where monthly interest is payable.
Most suitable scheme for senior citizens and for those who need regular monthly income.
Deposits are exempt from Wealth Tax.
Avdhoot Investment
Small Savings Schemes/ Postal Schemes- Kisan Vikas Patra/ KVP
Kisan Vikas Patra/ KVP
Minimum Investment Rs. 500/- No maximum limit.
Rate of interest 8.40% compounded annually.
Money doubles in 8 years and 7 months.
Two adults, Individuals and minor through guardian can purchase.
Companies, Trusts, Societies and any other Institution not eligible to purchase.
Non-Resident Indian/HUF are not eligible to purchase.
Facility of encashment from 2 ½ years.
Maturity proceeds not drawn are eligible to Post office Savings account interest for a maximum period of two years.
Facility of reinvestment on maturity.
Patras can be pledged as security against a loan to Banks/Govt. Institutions.
Patras are encashable at any Post office before maturity by way of transfer to desired Post office.
Patras are transferable to any Post office in India.
Patras are transferable from one person to another person before maturity.
Duplicate can be issued for lost, stolen, destroyed, mutilated and defaced patras.
Nomination facility available.
Facility of purchase/payment of Kisan vikas Patras to the holder of Power of attorney.
Rebate under section 80 C not admissible.
Interest income taxable but no TDS.
Deposits are exempt from Wealth tax.
Avdhoot Investment
Minimum Investment Rs. 500/- No maximum limit.
Rate of interest 8.40% compounded annually.
Money doubles in 8 years and 7 months.
Two adults, Individuals and minor through guardian can purchase.
Companies, Trusts, Societies and any other Institution not eligible to purchase.
Non-Resident Indian/HUF are not eligible to purchase.
Facility of encashment from 2 ½ years.
Maturity proceeds not drawn are eligible to Post office Savings account interest for a maximum period of two years.
Facility of reinvestment on maturity.
Patras can be pledged as security against a loan to Banks/Govt. Institutions.
Patras are encashable at any Post office before maturity by way of transfer to desired Post office.
Patras are transferable to any Post office in India.
Patras are transferable from one person to another person before maturity.
Duplicate can be issued for lost, stolen, destroyed, mutilated and defaced patras.
Nomination facility available.
Facility of purchase/payment of Kisan vikas Patras to the holder of Power of attorney.
Rebate under section 80 C not admissible.
Interest income taxable but no TDS.
Deposits are exempt from Wealth tax.
Avdhoot Investment
Small Savings Schemes/ Postal Schemes
National Savings Certificates (NSC)
Minimum investment Rs. 500/- No maximum limit.
Rate of interest 8% compounded half yearly.
Rs. 1000/- grow to Rs. 1601/- in six years.
Two adults, Individuals, and minor through guardian can purchase.
Companies, Trusts, Societies and any other Institutions not eligible to purchase.
Non-resident Indian/HUF can not purchase.
No pre-mature encashment.
Annual interest earned is deemed to be reinvested and qualifies for tax rebate for first 5 years under section 80 C of Income Tax Act.
Maturity proceeds not drawn are eligible to Post Office Savings account interest for a maximum period of two years.
Facility of reinvestment on maturity.
Certificate can be pledged as security against a loan to banks/ Govt. Institutions.
Facility of encashment of certificates through banks.
Certificates are encashable any Post office in India before maturity by way of transfer to desired post office.
Certificates are transferable from one Post office to any Post office.
Certificates are transferable from one person to another person before maturity.
Duplicate Certificate can be issued for lost, stolen, destroyed, mutilated or defaced certificate.
Nomination facility available.
Facility of purchase/payment to the holder of Power of attorney.
Tax Saving instrument - Rebate admissible under section 80 C of Income Tax Act.
Interest income is taxable but no TDS
Deposits are exempt from Wealth tax.
Avdhoot Investment
Minimum investment Rs. 500/- No maximum limit.
Rate of interest 8% compounded half yearly.
Rs. 1000/- grow to Rs. 1601/- in six years.
Two adults, Individuals, and minor through guardian can purchase.
Companies, Trusts, Societies and any other Institutions not eligible to purchase.
Non-resident Indian/HUF can not purchase.
No pre-mature encashment.
Annual interest earned is deemed to be reinvested and qualifies for tax rebate for first 5 years under section 80 C of Income Tax Act.
Maturity proceeds not drawn are eligible to Post Office Savings account interest for a maximum period of two years.
Facility of reinvestment on maturity.
Certificate can be pledged as security against a loan to banks/ Govt. Institutions.
Facility of encashment of certificates through banks.
Certificates are encashable any Post office in India before maturity by way of transfer to desired post office.
Certificates are transferable from one Post office to any Post office.
Certificates are transferable from one person to another person before maturity.
Duplicate Certificate can be issued for lost, stolen, destroyed, mutilated or defaced certificate.
Nomination facility available.
Facility of purchase/payment to the holder of Power of attorney.
Tax Saving instrument - Rebate admissible under section 80 C of Income Tax Act.
Interest income is taxable but no TDS
Deposits are exempt from Wealth tax.
Avdhoot Investment
Lic's New Jeevan Saral Insurance Policy Just Pay Rupees 250/- Per Month Scheme
Plan Highlights
LIC's Cheapest Plan Jeevan Saral Monthly Recurring Type Schemes Policy is a unique plan having good features of the conventional plans and the flexibility of
unit linked plans. To the policyholder it provides -
Higher Cover,
smooth returns,
liquidity and
a lot of flexibility
BENEFITS:
On Death:
250 times the monthly premium, plus
return of premiums excluding extra/rider premium and first year premium, plus
the loyalty addition, if any.
On Maturity:
Maturity sum assured, plus
The Loyalty Additions, if any
SPECIAL FEATURES:
High risk cover at low premium
Extended risk cover for one year after 3 years premium payment.
Optional higher cover through Term Riders
The policyholder can choose a maximum term but can surrender at any time without any
surrender penalty or loss after 5 years
Any number of withdrawals through partial surrendering
OTHER ELIGIBILITY CONDITIONS:
Premium : Minimum premium of Rs.250/- per month for entry age upto 49 years.
and Rs.400/- per month for entry age 50 years and above.
The maximum premium will be Rs.10,000/- per month.
Mode : Yearly, Half-yearly, Quarterly and Monthly under Salary Saving Scheme
In case of term rider, minimum and maximum age at entry will be 18 and 50 years respectively. Write your Review on our mail address. Ask to our experts for Claculation/ Premium Quotes by Clicking here. Avdhoot Investment
LIC's Cheapest Plan Jeevan Saral Monthly Recurring Type Schemes Policy is a unique plan having good features of the conventional plans and the flexibility of
unit linked plans. To the policyholder it provides -
Higher Cover,
smooth returns,
liquidity and
a lot of flexibility
BENEFITS:
On Death:
250 times the monthly premium, plus
return of premiums excluding extra/rider premium and first year premium, plus
the loyalty addition, if any.
On Maturity:
Maturity sum assured, plus
The Loyalty Additions, if any
SPECIAL FEATURES:
High risk cover at low premium
Extended risk cover for one year after 3 years premium payment.
Optional higher cover through Term Riders
The policyholder can choose a maximum term but can surrender at any time without any
surrender penalty or loss after 5 years
Any number of withdrawals through partial surrendering
OTHER ELIGIBILITY CONDITIONS:
Premium : Minimum premium of Rs.250/- per month for entry age upto 49 years.
and Rs.400/- per month for entry age 50 years and above.
The maximum premium will be Rs.10,000/- per month.
Mode : Yearly, Half-yearly, Quarterly and Monthly under Salary Saving Scheme
In case of term rider, minimum and maximum age at entry will be 18 and 50 years respectively. Write your Review on our mail address. Ask to our experts for Claculation/ Premium Quotes by Clicking here. Avdhoot Investment
Check latest LIC & Mutual Fund NAV here.
Check your mutual fund's latest NAV here. Also check the LIC's Unit Linked Insurance Plan (ULIP) Net Asset Value (NAV) by one click.
Avdhoot Investment
Avdhoot Investment
Jul 18, 2008
Can extra charges like overtime, night work, work on holidays be covered under the Erection All Risk insurance policy?
By paying additional premium, the extra charges like overtime, night work, work on holidays can be covered under the Erection All Risk insurance policy.
Avdhoot Investment
Avdhoot Investment
Which factors are considered for arriving at the sum insured under the Erection All Risk insurance policy?
Under the Erection All Risk Insurance policy, various factors have to be considered such as:
Prime cost of the machinery (Bare cost) (Manufacturers / Suppliers / Fabricators) +
Freight (Inland and Ocean) +
Duties / Excise paid at the point of origin, if any +
Supervision cost at the point of loading, if any +
Supervision cost at the point of destination, if any +
Customs / Excise duty at the point of discharge, if any +
Warehousing charges, if any +
Clearing and forwarding expenses +
Fabrication charges +
Handling charges +
Erection, supervision and other incidentals and other overheads
Avdhoot Investment
Prime cost of the machinery (Bare cost) (Manufacturers / Suppliers / Fabricators) +
Freight (Inland and Ocean) +
Duties / Excise paid at the point of origin, if any +
Supervision cost at the point of loading, if any +
Supervision cost at the point of destination, if any +
Customs / Excise duty at the point of discharge, if any +
Warehousing charges, if any +
Clearing and forwarding expenses +
Fabrication charges +
Handling charges +
Erection, supervision and other incidentals and other overheads
Avdhoot Investment
What are the warranties under the Deterioration of Stock policy?
The Deterioration of Stock policy is subject to certain warranties:
There should an annual inspection of the chambers by the duly appointed inspectors.
There must be a current and unqualified permission for the operation of the plant.
The policyholder must inform of any abnormalities in the working of the plant that might be likely to result in a rise in temperature.
In case it is proved that the stock was affected by any infection or disease, all the benefits under the policy will cease.
The policyholder should take care to maintain the temperature at the specified level.
The policyholder should not accept any stock for storage that has been kept in the sun for more than its dormancy period.
In case there is an accident resulting in a claim under the policy, conscious efforts must be made to minimise the loss by segregation and disposal of affected stocks as well as making arrangements for storage in alternate place.
Avdhoot Investment
There should an annual inspection of the chambers by the duly appointed inspectors.
There must be a current and unqualified permission for the operation of the plant.
The policyholder must inform of any abnormalities in the working of the plant that might be likely to result in a rise in temperature.
In case it is proved that the stock was affected by any infection or disease, all the benefits under the policy will cease.
The policyholder should take care to maintain the temperature at the specified level.
The policyholder should not accept any stock for storage that has been kept in the sun for more than its dormancy period.
In case there is an accident resulting in a claim under the policy, conscious efforts must be made to minimise the loss by segregation and disposal of affected stocks as well as making arrangements for storage in alternate place.
Avdhoot Investment
Which legal liabilities of couriers are covered under the Courier's Legal Liability policy?
The Courier's Legal Liability policy covers the courier's legal liability arising out of professional / negligence/ errors during the policy period against loss or damage to the parcel / goods / documents given to the courier for which they are responsible until their delivery.
Avdhoot Investment
Avdhoot Investment
What kind of civil engineering projects can be covered under the Contractor's All Risk insurance policy?
All types of civil engineering projects like residential dwellings, office buildings, commercial buildings, godowns and warehouses, hospitals, schools and all sorts of factory buildings, cinemas, silos, steel structures, canals, tunnels, drainage systems, road and sewer systems, hangers, dams, bridges, water supply lines, construction work in relation to electric power house, ports and all other construction work depending upon merits of the contractors and quantum of the project are covered under the Contractor's All Risk insurance policy.
Avdhoot Investment
Avdhoot Investment
Which legal liability of the transport contractor is covered under the Carriers Legal Liability insurance policy?
If the goods are not delivered to the owner safely or in case they are delivered in a damaged condition, the transport contractor is liable to compensate for the damages. This liability of the transport contractors arises both under a statute and common law. This legal liability of the contractor is covered under the Carriers legal Liability insurance policy.
Avdhoot Investment
Avdhoot Investment
Who can be issued with a Burglary Insurance on First Loss Basis policy ?
The Burglary Insurance on First Loss Basis policy can be issued only for large warehouses and stores where the value of stock is considerable and of a bulky nature (not less than Rs.2 Lakhs) e.g. baled goods, machinery, etc.
Avdhoot Investment
Avdhoot Investment
What is the replacement value under Boiler Explosion insurance policy ?
Under the Boiler Explosion insurance policy, the replacement value is the value of a new boiler of same kind including all incidental expenses like duties, taxes, excise, freight, etc.
Avdhoot Investment
Avdhoot Investment
What is the scope of cover under Boiler Explosion insurance?
The Boiler Explosion insurance policy is issued for boilers like furnaces, fuel and fire tubes, boiler of the Lancashire, Scottish and locomotive types as well as vertical boilers, water tube boilers, combined fire-tube and water tube boilers, other fired vessels including package boilers, fired and unfired pressure vessels. The policy also covers liability for third party property damage and / or fatal or non-fatal personal injuries.
Avdhoot Investment
Avdhoot Investment
What is the minimum sum insured under the Industrial All Risks insurance policy?
The minimum sum insured under the All Risk insurance policy is Rs.100 crores and above except for the petrochemicals industry.
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Avdhoot Investment
What cover is available under Money insurance?
The Money insurance policy covers loss of cash for the payment of wages, salaries and cheques drawn by the policyholder that are in transit between the specified locations. It also covers cash in the custody of the policyholder and petty cash kept in the locked safe.
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Avdhoot Investment
Who is entitled to Product Liability insurance?
Manufacturers of products like biscuits, food drinks, engineering goods, medicines, etc are entitled for Product Liability insurance. The manufacturers have to be very careful in preparing them. In case they fail in their duty carelessly, they have to pay the compensation for the consequences because of defective products that will cause loss of life and damage to property. This responsibility of the manufacturers is covered under the Product Liability policy.
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Avdhoot Investment
What is Liability insurance?
A liability may arise by violation of any statute. A person may be liable to another as a result of loss or damage sustained by him on account of the wrong done to him. When the quantum of liability is to be decided only by a court of law, such liability would be a legal liability. Liability insurance covers such legal liabilities of the policyholder.
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Avdhoot Investment
What is the limit of indemnity under the Stockbrokers insurance policy?
Under the Stockbrokers insurance policy, the limit of indemnity or the maximum amount payable in the event of a claim is
Stockbroker
Rs.5,00,000 per registered stockbroker and
Rs.1,00,00,000 for all registered members / stockbrokers for the entire policy period
Joint Stock companies
Rs.10,000 per shareholder
Rs.10,00,000 for the entire policy period
Mutual Funds
Rs.20,000 per certificate holder
Rs.20,00,000 limit for the entire policy period
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Stockbroker
Rs.5,00,000 per registered stockbroker and
Rs.1,00,00,000 for all registered members / stockbrokers for the entire policy period
Joint Stock companies
Rs.10,000 per shareholder
Rs.10,00,000 for the entire policy period
Mutual Funds
Rs.20,000 per certificate holder
Rs.20,00,000 limit for the entire policy period
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Who is entitled to the Stockbrokers insurance policy?
All stockbrokers, joint stock and mutual fund companies are entitled to the Stockbrokers insurance Policy.
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Avdhoot Investment
Under which circumstances, can the Errors and Omissions policy for Computer Software be extended?
Under which circumstances, can the Errors and Omissions policy for Computer Software be extended?
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Avdhoot Investment
How can organisations be protected by the Errors and Omissions policy for Computer Software?
The Errors and Omissions policy for Computer Software protects companies and organisations that are involved in exporting computer software to foreign countries against legal liability by paying compensation that includes the claimant's costs, fees and expenses in accordance with the law of the country to which the software is exported excluding the US and Canada.
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Avdhoot Investment
Will I need to buy insurance?
I do not have many businesses. Your business howsoever small or big it may be needs to be insured against every risk such as loss, damage and liability. This is because it is your major source of income, in other words your bread and butter.
You could go for 2 types of insurance available. Property and liability insurance. Property insurance as the name suggests will cover damages and losses to your property whereas liability insurance will take care of compensation you may have to pay for damages caused by you. This will also include the litigation suits that may be filed against you.
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You could go for 2 types of insurance available. Property and liability insurance. Property insurance as the name suggests will cover damages and losses to your property whereas liability insurance will take care of compensation you may have to pay for damages caused by you. This will also include the litigation suits that may be filed against you.
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What is the Overseas Mediclaim Policy ?
This policy is devised to cover people travelling abroad for business, pleasure, study and for employment.
Period of insurance is 180 days for business and pleasure travel and for employment and study purpose, the policy is issued on annual basis.
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For more detail on Overseas Insurance Policy Click here
Period of insurance is 180 days for business and pleasure travel and for employment and study purpose, the policy is issued on annual basis.
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For more detail on Overseas Insurance Policy Click here
What is the maximum indemnity available under the Executive Travel Policy ?
In case of personal accident, the maximum limit of indemnity is Rs.30 lakhs. In case of loss of checked baggage outside India, the maximum limit of indemnity is Rs.75,000/- and within India it is Rs.40,000/-
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Avdhoot Investment
Who is entitled to an Executive Travel Policy ?
Any Indian National over the age of 18 years residing in India is entitled for Executive Travel Policy against risks during their travel overseas and within India on the following basis:
Travel Overseas - All 24 hours during the covered trip up to 60 days only
Travel Within India - Travels by commercial plane as a ticketed passenger by train / licensed coach / taxi including private taxi, outstation use of company car and while as a pedestrian but excluding two wheelers or the public road transport system.
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Travel Overseas - All 24 hours during the covered trip up to 60 days only
Travel Within India - Travels by commercial plane as a ticketed passenger by train / licensed coach / taxi including private taxi, outstation use of company car and while as a pedestrian but excluding two wheelers or the public road transport system.
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What is "Baggage Insurance" ?
Baggage Insurance is insurance that covers the loss or damages to personal baggage of the policyholder or his family members due to fire, theft or accident during the course of journey anywhere in India including stoppage enroute.
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Avdhoot Investment
Can jewellery lying in bank vaults be covered under the Householders' Package policy ?
Under the Householders' Package policy, the client has the option to cover such jewellery also.
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Avdhoot Investment
Under the Householders' Package policy, can jewellery be listed with the rest of the contents of the household ?
Under the Householders' Package policy, jewellery should be listed individually along with the values.
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Avdhoot Investment
What are the tariff and non-tariff sections under the Householders' Package policy ?
Under the Householders' Package policy - Fire, public liability, workmen's compensation are tariff sections while the rest are non-tariff sections.
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Avdhoot Investment
Is there any discount available under the Householders' package policy ?
If a client selects more than four sections, a discount of 15 percent is available. If he selects more than six sections, a discount of 20 percent is available on the non-tariff sections.
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Avdhoot Investment
Are all the sections compulsory under the Householders' package policy ?
Only section I B (fire) for contents is compulsory. In addition, two more sections need to be covered under the Householders' package policy.
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Avdhoot Investment
How many sections are there under the Householders' package policy ?
There are ten sections under the Householders' package policy:
Section I Fire & Allied Perils
Section II Burglary & Housebreaking including larceny or theft (Contents only)
Section III All Risks
Section IV Plate Glass
Section V Breakdown of domestic appliances
Section VI Television sets & VCR / VCP/ VCD
Section VII Pedal cycle
Section VIII Baggage
Section IX Personal Accident
Section X Public Liability Risks and Workmen's Compensation Risks
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Section I Fire & Allied Perils
Section II Burglary & Housebreaking including larceny or theft (Contents only)
Section III All Risks
Section IV Plate Glass
Section V Breakdown of domestic appliances
Section VI Television sets & VCR / VCP/ VCD
Section VII Pedal cycle
Section VIII Baggage
Section IX Personal Accident
Section X Public Liability Risks and Workmen's Compensation Risks
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What is the Householders' package policy about ?
The Householders' package policy is a policy which offers covers that are suitable for a household. Instead of taking different policies the client can opt for multiple sections or covers of his choice under one policy.
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Avdhoot Investment
Who is a Third Party?
According to the Motor Vehicles Act, a third party is any person who is not the insured or the insurer and includes the Government. Pedestrians constitute a large section of third parties. The pedestrians have not only a right to use the footpath but also occasionally to use the road and also cross it. Fare-paying passengers are those who are carried in a public service vehicle.
The owner of the vehicle has a legal duty not only to provide roadworthy vehicles but also to appoint competent drivers. The owner’s responsibility commences from the time the passenger enters the vehicle and continues until he alights from it.
Any accident in the interim period is the responsibility of the owner. Non-fare paying passengers are those who are allowed to travel in the vehicle by gratis. In other words, owner of goods traveling in the goods vehicle hired by him for transportation of his goods is a non-fare paying passenger.
Passengers allowed travel on humanitarian grounds are also non-fare paying passengers.
The duty of the vehicle owner towards such passengers is to provide them with a reasonably safe mode of conveyance. Persons in other vehicles like drivers, the owner or passengers are also third parties. Children are not expected to exercise the same care as adults and therefore the driver of a motor vehicle has to show extra care towards children on the roads.
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The owner of the vehicle has a legal duty not only to provide roadworthy vehicles but also to appoint competent drivers. The owner’s responsibility commences from the time the passenger enters the vehicle and continues until he alights from it.
Any accident in the interim period is the responsibility of the owner. Non-fare paying passengers are those who are allowed to travel in the vehicle by gratis. In other words, owner of goods traveling in the goods vehicle hired by him for transportation of his goods is a non-fare paying passenger.
Passengers allowed travel on humanitarian grounds are also non-fare paying passengers.
The duty of the vehicle owner towards such passengers is to provide them with a reasonably safe mode of conveyance. Persons in other vehicles like drivers, the owner or passengers are also third parties. Children are not expected to exercise the same care as adults and therefore the driver of a motor vehicle has to show extra care towards children on the roads.
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Calculate the Premium Payable for Building against Fire and Allied perils
Covered under Sections 1(a) and (b) of the Householder's Insurance scheme, the premium payable is Rs.0.65 per Rs.1000/- value of Sum Assured.
For a building valued at Rs.500000/-, the annual premium payable would be Rs.375/- only.
This covers the building, its fixtures and fittings as well as contents (excluding money and valuables) belonging to the insured and his family whilst lying in the insured premises.
Derive the Premium Payable for protecting the household against burglary, housebreaking, larceny or theft?
Covered under Sections 2 and 3 of the Householder's Insurance scheme, the premium payable would be Rs.2.40 per Rs.1000/- value of Sum Assured.
For goods valued at Rs.50000/-, the annual premium payable would be Rs.120/- only.
This will cover the household against burglary, housebreaking, larceny and theft.
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For a building valued at Rs.500000/-, the annual premium payable would be Rs.375/- only.
This covers the building, its fixtures and fittings as well as contents (excluding money and valuables) belonging to the insured and his family whilst lying in the insured premises.
Derive the Premium Payable for protecting the household against burglary, housebreaking, larceny or theft?
Covered under Sections 2 and 3 of the Householder's Insurance scheme, the premium payable would be Rs.2.40 per Rs.1000/- value of Sum Assured.
For goods valued at Rs.50000/-, the annual premium payable would be Rs.120/- only.
This will cover the household against burglary, housebreaking, larceny and theft.
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What is expected of the insured in the event of an accident involving damage to the vehicle and/or injury to third party ?
Damage to the Vehicle:
When an accident takes place, a report should be immediately filed with the insurance company and a set of claim forms submitted to them. An estimate for repairs and/or replacements has also to be prepared and submitted. The insurance company may then appoint an independent Surveyor who will also value the damage and hold discussions with the repairers and arrive at the amount at which the claim will be settled.
On completion of the survey, the repair work can be undertaken. When the relevant bills are produced, settlement will be made under the Policy. The claim amount may be paid either directly to the repairer or to the Insured if the latter has already made payment to the repairer and holds proof of the same.
In case of settlement of claim either for total loss of the vehicle or for replacement of certain items, such damaged vehicle or parts belong to the insurance company. They may arrange for disposal of the same in the best manner possible.
Death or Injury to Third Party:
The moment an accident takes place and a third party is involved, a report should be immediately filed with the police. Simultaneously, notice should be sent to the Insurance Company.
No settlement should be made with the third parties for any compensation to the latter and no commitment should be entered into with regard to the Insured's liability with the third parties.
All dealings with the third parties will be only with the knowledge and approval of the Insurance Company. Any claim from third parties will have to be suitably defended in consultation with the Insurance company and expenses for such defence will be payable by the insurance company if incurred with their consent.
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When an accident takes place, a report should be immediately filed with the insurance company and a set of claim forms submitted to them. An estimate for repairs and/or replacements has also to be prepared and submitted. The insurance company may then appoint an independent Surveyor who will also value the damage and hold discussions with the repairers and arrive at the amount at which the claim will be settled.
On completion of the survey, the repair work can be undertaken. When the relevant bills are produced, settlement will be made under the Policy. The claim amount may be paid either directly to the repairer or to the Insured if the latter has already made payment to the repairer and holds proof of the same.
In case of settlement of claim either for total loss of the vehicle or for replacement of certain items, such damaged vehicle or parts belong to the insurance company. They may arrange for disposal of the same in the best manner possible.
Death or Injury to Third Party:
The moment an accident takes place and a third party is involved, a report should be immediately filed with the police. Simultaneously, notice should be sent to the Insurance Company.
No settlement should be made with the third parties for any compensation to the latter and no commitment should be entered into with regard to the Insured's liability with the third parties.
All dealings with the third parties will be only with the knowledge and approval of the Insurance Company. Any claim from third parties will have to be suitably defended in consultation with the Insurance company and expenses for such defence will be payable by the insurance company if incurred with their consent.
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What briefly is the risk covered under the Own Damage Policy?
The insurance company will indemnify the insured persons against loss or damage caused to the insured vehicle by any of the following:
fire, explosion, self ignition or lightning
burglary, housebreaking or theft
riot and strike
earthquake (fire and shock damage)
flood, typhoon, hurricane, storm, tempest, inundation, cyclone, hailstorm, frost,
accidental external means
malicious act
terrorist activity
while in transit by road, rail, inland waterway, lift, elevator or air
land or rockslide
NOTE: The basic rate for premium calculation is a comprehensive rate covering all the above-mentioned risks. If you do not want a cover for earthquake (for instance if you don't live in an earthquake prone area), flood and / or riot and strike, you would be given a discount of 0.10 percent of "Insured's Estimated Value" for exclusion of earthquake and 0.15 percent of the same for exclusion of flood and for riot and strike respectively.
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fire, explosion, self ignition or lightning
burglary, housebreaking or theft
riot and strike
earthquake (fire and shock damage)
flood, typhoon, hurricane, storm, tempest, inundation, cyclone, hailstorm, frost,
accidental external means
malicious act
terrorist activity
while in transit by road, rail, inland waterway, lift, elevator or air
land or rockslide
NOTE: The basic rate for premium calculation is a comprehensive rate covering all the above-mentioned risks. If you do not want a cover for earthquake (for instance if you don't live in an earthquake prone area), flood and / or riot and strike, you would be given a discount of 0.10 percent of "Insured's Estimated Value" for exclusion of earthquake and 0.15 percent of the same for exclusion of flood and for riot and strike respectively.
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What are the risks covered under Third Party Policy ?
The insurance company covers any amount which is legally required to be paid by the insured person, to third parties on account of their death, bodily injury or damage to their property arising out of the use of the insured car. The insurance company also indemnifies the legal costs and expenses incurred by the claimant, if the insured becomes legally liable to pay them.
The insurance company will further indemnify any legal liability payable by the insured to the occupants in the car (insured vehicle) provided they are not carried for hire or reward and are not employees / family members of insured. The indemnity under this policy is available to any driver who is driving the car if he has been permitted to do so by the insured and provided such driver does not have any other similar cover.
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The insurance company will further indemnify any legal liability payable by the insured to the occupants in the car (insured vehicle) provided they are not carried for hire or reward and are not employees / family members of insured. The indemnity under this policy is available to any driver who is driving the car if he has been permitted to do so by the insured and provided such driver does not have any other similar cover.
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What are the categories of vehicles that are covered by a Motor Insurance Policy?
For the purpose of insurance, motor vehicles are divided into three classes:
Private cars: This category comprises of cars, including station wagons, used for social, domestic, business or professional purposes (excluding those used for the carriage of goods other than samples)
Motor Cycles: This includes motorcycles with or without sidecars, pedal cycles, mechanically assisted pedal cycles and motor scooters with or without sidecars
Commercial Vehicles: All vehicles excluding private cars, motor cycles and vehicles running on rails come under this category
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Private cars: This category comprises of cars, including station wagons, used for social, domestic, business or professional purposes (excluding those used for the carriage of goods other than samples)
Motor Cycles: This includes motorcycles with or without sidecars, pedal cycles, mechanically assisted pedal cycles and motor scooters with or without sidecars
Commercial Vehicles: All vehicles excluding private cars, motor cycles and vehicles running on rails come under this category
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Can Motor Insurance Policies be taken for a shorter term than the normal period of one year?
Motor Insurance Policies are normally taken for a period of one year. However, according to the requirements of the vehicle owner, a policy for a shorter term can be issued.
Situations do arise when a person plans to sell off his vehicle within a couple of months and he does not intend to renew his policy for another year. In such circumstances, he may go for a shorter period of cover. Short period insurance attracts Short Period Scale for calculating premium and obviously comes out costlier than the pro rata for the said period.
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Situations do arise when a person plans to sell off his vehicle within a couple of months and he does not intend to renew his policy for another year. In such circumstances, he may go for a shorter period of cover. Short period insurance attracts Short Period Scale for calculating premium and obviously comes out costlier than the pro rata for the said period.
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Jul 16, 2008
Jul 10, 2008
What is the Premium Payable under the Janata Personal Accident scheme?
Under the Janata Personal Accident PAP scheme, the Premium Payable increases with the number of years that the cover is sought for.
No of Years Single Gross Premium (In Rupees)
1 15/-
2 28/-
3 40/-
4 51/-
5 57/-
Contact us for more detail on Janta Personal Accident Insurance Policy. Visit our Website: Avdhoot Investment or mail us at sameer.lic@gmail.com
No of Years Single Gross Premium (In Rupees)
1 15/-
2 28/-
3 40/-
4 51/-
5 57/-
Contact us for more detail on Janta Personal Accident Insurance Policy. Visit our Website: Avdhoot Investment or mail us at sameer.lic@gmail.com
What are the benefits available to the insured under the Janata Personal Accident Policy?
Under the Janata Personal Accident Policy, any individual between the age of 10 to 70 years of age irrespective of his occupation can qualify for protection against any untoward mishap
Benefits Amount of indemnity
Death due to accident Rs.25000
Loss of use of 2 limbs/sight in both eyes Rs.25000
Total and irrecoverable loss of use of one limb/sight in one eye due to accident Rs.12500
Permanent total disablement due to accident Rs.25000
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Benefits Amount of indemnity
Death due to accident Rs.25000
Loss of use of 2 limbs/sight in both eyes Rs.25000
Total and irrecoverable loss of use of one limb/sight in one eye due to accident Rs.12500
Permanent total disablement due to accident Rs.25000
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What is the Premium Payable under the Gramin Accident insurance scheme?
The Premium Payable under the Gramin Accident scheme increases directly with the number of years that the cover is sought for.
No of Years Single Gross Premium
(In Rupees)
1 5/-
2 10/-
3 12.50
4 15.60
5 19/-
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No of Years Single Gross Premium
(In Rupees)
1 5/-
2 10/-
3 12.50
4 15.60
5 19/-
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What benefits can be made available to the insured under a Gramin Accident Insurance policy?
Any individual aged between 10 to 70 years of age irrespective of his or her occupation can qualify for protection under the Gramin Accident insurance scheme.
The benefits are subject to the level of the loss suffered by the insured individual.
Death by accident Rs.10000/-
Totally irrecoverable loss of use of both eyes or two limbs or one eye and one limb due to accident Rs.10000/-
Total irrecoverable loss of use of one eye or one limb due to accident Rs.5000/-
Permanent total disablement due to accident Rs.10000/-
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The benefits are subject to the level of the loss suffered by the insured individual.
Death by accident Rs.10000/-
Totally irrecoverable loss of use of both eyes or two limbs or one eye and one limb due to accident Rs.10000/-
Total irrecoverable loss of use of one eye or one limb due to accident Rs.5000/-
Permanent total disablement due to accident Rs.10000/-
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What is the procedure to be followed to apply for cover under an Overseas Mediclaim policy?
To acquire cover under an Overseas Mediclaim policy, the traveler must submit his
Visa details and its validity
Country of visit
Passport details
Name and address of the sponsor, a certificate giving details of employment / studies and its duration
Period of cover required
Medical examination certificate as per the prescribed guideline
Income certificate of the sponsor in case of student
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Visa details and its validity
Country of visit
Passport details
Name and address of the sponsor, a certificate giving details of employment / studies and its duration
Period of cover required
Medical examination certificate as per the prescribed guideline
Income certificate of the sponsor in case of student
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What is the extent of liability under an overseas mediclaim policy?
For trips where the destination does NOT include the United States of America and its Northern neighbour, Canada, the extent of liability is limited to $50000.
For trips where the destination does include the USA and Canada, the extent of liability can be as high as $100000.
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For trips where the destination does include the USA and Canada, the extent of liability can be as high as $100000.
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Who is entitled to an overseas mediclaim policy?
Anyone traveling abroad for business or pleasure or as student going for higher studies can qualify for an Overseas Mediclaim. Needless to say, this policy does not cover trips abroad for pre-planned medical treatment.
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Avdhoot Investment
What are the different benefits that can be claimed under the Mediclaim insurance policy in event of hospitalisation?
Different heads of benefits under hospitalisation:
Room boarding expenses by the hospital nursing home
Nursing expenses
Surgeon, anaesthetist, medical practitioner, consultants, specialist’s fees
Anaesthesia, blood, oxygen, operation charge, surgical appliances, medicines and drugs, diagnostic material and x-rays, dialysis and chemotherapy, radiotherapy, pacemaker, artificial limbs and cost of organs and similar expenses
All the above benefits are limited to the max sum insured
The minimum period of hospitalisation should be for 24 hours. However for certain treatments this limit is not applicable when a package charges are levied for treatment by the hospital.
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Room boarding expenses by the hospital nursing home
Nursing expenses
Surgeon, anaesthetist, medical practitioner, consultants, specialist’s fees
Anaesthesia, blood, oxygen, operation charge, surgical appliances, medicines and drugs, diagnostic material and x-rays, dialysis and chemotherapy, radiotherapy, pacemaker, artificial limbs and cost of organs and similar expenses
All the above benefits are limited to the max sum insured
The minimum period of hospitalisation should be for 24 hours. However for certain treatments this limit is not applicable when a package charges are levied for treatment by the hospital.
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Which discounts are available under the Group scheme for the Personal Accident Policy?
There are chiefly two types of Group Schemes, first called Group A where an employer-employee relationship exists as in corporate firms, companies, etc. The second known as Group B is where an employer-employee relationship does NOT exist as in a club, association, club or any social institution.
Group discounts are applicable for groups of people not exceeding 500. The larger the group, the higher are the discounts given by the insurance company.
101-300 people 15 percent of the total premium
301-500 people 25 percent of the total premium
501-1000 people 30 percent of the total premium
1001-5000 people 35 percent of the total premium
5001-50000 people 40 percent of the total premium
> 50000 people 50 percent of the total premium
The benefits mentioned within the Group scheme are all those mentioned in the Personal Accident Policy except the Cumulative Bonus and the Education Fund.
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Group discounts are applicable for groups of people not exceeding 500. The larger the group, the higher are the discounts given by the insurance company.
101-300 people 15 percent of the total premium
301-500 people 25 percent of the total premium
501-1000 people 30 percent of the total premium
1001-5000 people 35 percent of the total premium
5001-50000 people 40 percent of the total premium
> 50000 people 50 percent of the total premium
The benefits mentioned within the Group scheme are all those mentioned in the Personal Accident Policy except the Cumulative Bonus and the Education Fund.
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What compensation is provided under the Individual Personal Accident Policy?
Under the Individual Personal Accident Policy:
If the accident results in death, the full Capital Sum Insured must be paid to the Insured’s beneficiaries.
In the accident results in permanent disablement that involves the total loss of both eyes or two limbs or one eye and one limb, the full Capital Sum Insured is payable.
In case the accident results in loss of one eye and one limb, then only 50 percent of the Capital Sum Insured will be paid.
In case the accident results in partial disablement of certain parts of the insured’s body, only a specified percentage of the Capital Sum Insured will be paid.
In case there is disablement excluding injuries that are not visible or verifiable through medical tests like sprains, muscular spasms, etc ALL the benefits listed above have to be paid PLUS 1 percent of the Capital Sum Insured subject to a maximum of Rs.3000 per week over the Capital Sum Insured. However the total period of compensation will not exceed 104 weeks or 2 years approximately. Avdhoot Investment
If the accident results in death, the full Capital Sum Insured must be paid to the Insured’s beneficiaries.
In the accident results in permanent disablement that involves the total loss of both eyes or two limbs or one eye and one limb, the full Capital Sum Insured is payable.
In case the accident results in loss of one eye and one limb, then only 50 percent of the Capital Sum Insured will be paid.
In case the accident results in partial disablement of certain parts of the insured’s body, only a specified percentage of the Capital Sum Insured will be paid.
In case there is disablement excluding injuries that are not visible or verifiable through medical tests like sprains, muscular spasms, etc ALL the benefits listed above have to be paid PLUS 1 percent of the Capital Sum Insured subject to a maximum of Rs.3000 per week over the Capital Sum Insured. However the total period of compensation will not exceed 104 weeks or 2 years approximately. Avdhoot Investment
Who should the policyholder contact in the event of claim under Overseas Mediclaim Policy ?
In the event of claim under Overseas Mediclaim Policy the policyholder can contact
Mercury International Assistance and Claims Limited
P.O.Box 673, Brighton,
Sussex, BNI 4, EZ,
England.
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Mercury International Assistance and Claims Limited
P.O.Box 673, Brighton,
Sussex, BNI 4, EZ,
England.
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How do you decide whether a disease was a pre-existing one or not?
While filling up the proposal form for insurance you need to provide details of the illnesses you have suffered during your lifetime. Such disclosures are important else at a later stage if discovered you could end up losing out terribly. At the time of insurance, you should be aware whether you have any disease and whether you are undergoing any treatment. The insurers refer such health issues to their medical panel to differentiate between pre-existing and newly contracted illnesses.
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Avdhoot Investment
What are the criteria for deciding on the best health cover?
Choosing a health cover for yourself must be done after careful analysis of your needs. In case you need a wide cover as also Income tax benefits the mediclaim policy with a family package cover could be a suitable option for you. You may also decide on the major ailments policy with annual, five and ten year cover options offering you a reasonable amount of premium savings.
Those going for a wide coverage as also long term cover about five or ten years can opt for the term hospitalisation policy. This gives benefits that are not available under the normal mediclaim policy. Another convenience this policy offers is the non-requirement of every year renewal of the policy. If you plan to go for a less costlier health cover with tax benefit and limited coverage you could choose the Jan Arogya cover. For those closer to retirement age the long-term retirement benefit plan would be the ideal cover.
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Those going for a wide coverage as also long term cover about five or ten years can opt for the term hospitalisation policy. This gives benefits that are not available under the normal mediclaim policy. Another convenience this policy offers is the non-requirement of every year renewal of the policy. If you plan to go for a less costlier health cover with tax benefit and limited coverage you could choose the Jan Arogya cover. For those closer to retirement age the long-term retirement benefit plan would be the ideal cover.
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Should you allow your policy to become a Paid-up one?
NO. Once a policy becomes a paid-up one, the sum assured is reduced to such a pitiful figure that it cannot provide any cover to the policyholder or his dependants. Besides, you should also consider the facts that
The cost of insurance goes up with advancing age. The next time you obtain a policy, the terms will not be as advantageous as available earlier.
The chances of insurability also diminish with the advancement of age despite the fact that insurance is needed more along with increasing age and growing responsibilities
The reinstatement of a policy once converted into a paid-up policy requires numerous cumbersome formalities to be completed
A paid-up policy cannot participate in the bonus declared by LIC
LIC will not issue a fresh policy for at least 3 years in case an earlier policy of yours stands lapsed or was converted into a paid-up one.
It is strongly advised that you should NOT allow any of your policies to become paid-up policies.
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The cost of insurance goes up with advancing age. The next time you obtain a policy, the terms will not be as advantageous as available earlier.
The chances of insurability also diminish with the advancement of age despite the fact that insurance is needed more along with increasing age and growing responsibilities
The reinstatement of a policy once converted into a paid-up policy requires numerous cumbersome formalities to be completed
A paid-up policy cannot participate in the bonus declared by LIC
LIC will not issue a fresh policy for at least 3 years in case an earlier policy of yours stands lapsed or was converted into a paid-up one.
It is strongly advised that you should NOT allow any of your policies to become paid-up policies.
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What benefits are not accrued to a Paid-up policy?
A paid-up policy loses all the additional benefits attached to the policy:
Double Accident benefits
Survival benefit installments in the case of money-back policies
A paid-up policy may be free from payment of further premium but is subject to the payment of interest on any loan and other charges, if any are applicable. The interest on the loan must be paid regularly or LIC will start write off the policy towards the repayment of loan amount and the interest in terms of the conditions governing the grant of the loan.
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Double Accident benefits
Survival benefit installments in the case of money-back policies
A paid-up policy may be free from payment of further premium but is subject to the payment of interest on any loan and other charges, if any are applicable. The interest on the loan must be paid regularly or LIC will start write off the policy towards the repayment of loan amount and the interest in terms of the conditions governing the grant of the loan.
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How is the Paid-up value of policy calculated?
The paid-up value of a policy is the reduced sum assured calculated on a proportionate basis by using a simple formula
Paid-up Value=(No of premiums paid/Total no of premiums payable) x Sum Assured Avdhoot Investment
Paid-up Value=(No of premiums paid/Total no of premiums payable) x Sum Assured Avdhoot Investment
What is a Paid-up policy?
According to LIC rules and regulations, once you pay the premiums on a life insurance policy for 3 full years, the policy does not become wholly void even if no subsequent premiums are paid.
Such policies are known as paid-up policies. In such cases, the sum originally assured is reduced to a sum bearing the same ratio to the full sum assured as the number of premiums actually paid to total number of premiums originally stipulated as payable under the policy.
If 6 out of the originally stipulated 30 premiums are paid, the sum assured under a paid-up policy would still be 20 percent of the original sum assured by the policy.
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Such policies are known as paid-up policies. In such cases, the sum originally assured is reduced to a sum bearing the same ratio to the full sum assured as the number of premiums actually paid to total number of premiums originally stipulated as payable under the policy.
If 6 out of the originally stipulated 30 premiums are paid, the sum assured under a paid-up policy would still be 20 percent of the original sum assured by the policy.
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What is Assignment of a policy?
If your intention is that your policy monies should go to a particular person only then you need to assign the policy in that person's favour. Thereafter the insurer will pay the policy monies ONLY to the assignee who becomes its owner, irrespective of whether he or she is your legal heir.
Thanks to assignments, the proceeds of a policy can be protected against the claims of any of the policyholder's creditors. Assignment is a legal instrument and the insurer cannot be held responsible for its legal liability. The insurer will nevertheless register the assignment in its books.
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Thanks to assignments, the proceeds of a policy can be protected against the claims of any of the policyholder's creditors. Assignment is a legal instrument and the insurer cannot be held responsible for its legal liability. The insurer will nevertheless register the assignment in its books.
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What is Nomination ?
When you make a nomination within your life insurance policy, as the policyholder you still continue to be the owner. However after your death, the nominee who did not have any right under the policy while you were alive becomes the rightful recipient who will receive the policy monies. He or she may not be the rightful heir in which case the legal heir can implement his rights and claim the monies from the nominee.Avdhoot Investment
What is the Double Accident Benefit (DAB)?
Upon payment of an additional premium of only Re.1/- per annum against a sum assured of Rs.1000/-, you could opt for a very attractive Double Accident Benefit.
The benefit provides for the payment of an additional amount equal to the sum assured in the case of death of a policyholder owing to any accident. The death claim under Double Accident Benefit becomes double of the normal claim.
If owing to an accident, a permanent and total disability occurs to the life assured, all the subsequent premiums are waived off and the policy is still kept in full force. Additionally, LIC will pay the policyholder an amount equal to the original sum assured through monthly installments spread over 10 years. Upon maturity of the policy, the sum assured and the accumulated bonus amount is payable as well.
To be eligible for this benefit, the policy should be in full force for the full sum assured before the policy anniversary and the life assured must not be over 70 years of age either.
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The benefit provides for the payment of an additional amount equal to the sum assured in the case of death of a policyholder owing to any accident. The death claim under Double Accident Benefit becomes double of the normal claim.
If owing to an accident, a permanent and total disability occurs to the life assured, all the subsequent premiums are waived off and the policy is still kept in full force. Additionally, LIC will pay the policyholder an amount equal to the original sum assured through monthly installments spread over 10 years. Upon maturity of the policy, the sum assured and the accumulated bonus amount is payable as well.
To be eligible for this benefit, the policy should be in full force for the full sum assured before the policy anniversary and the life assured must not be over 70 years of age either.
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Which policy qualifies for Bonus eligibility?
Bonus is payable on all profits' policies of LIC
The amount of bonus for each Rs.1000/- sum assured in respect of Whole Life with Profits' policies is 125 percent of corresponding bonus amount for Endowment with Profits' Assurance policies
Bonus is payable once a policy has been in force for the full sum assured for a period of 5 years from the date of commencement of the policy
However, in case of a death claim within 5 years bonus is payable if the policy is in force for the full sum assured. Basically, a policy must be kept in full force for at least 5 years for it to be eligible for bonus unless a death claim were to arise within this period as a result of the death of a policyholder.
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The amount of bonus for each Rs.1000/- sum assured in respect of Whole Life with Profits' policies is 125 percent of corresponding bonus amount for Endowment with Profits' Assurance policies
Bonus is payable once a policy has been in force for the full sum assured for a period of 5 years from the date of commencement of the policy
However, in case of a death claim within 5 years bonus is payable if the policy is in force for the full sum assured. Basically, a policy must be kept in full force for at least 5 years for it to be eligible for bonus unless a death claim were to arise within this period as a result of the death of a policyholder.
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Who are Insurance Brokers?
An insurance broker would provide the following:
Pre sales and after sales service to the customers.
Provisions of relevant information to the underwriters to assess the risk and decide the premium.
Design covers that meet the client requirements.
Recommend risk improvement and loss minimisation measures.
Provide risk management and insurance education. Collection of premiums.
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Pre sales and after sales service to the customers.
Provisions of relevant information to the underwriters to assess the risk and decide the premium.
Design covers that meet the client requirements.
Recommend risk improvement and loss minimisation measures.
Provide risk management and insurance education. Collection of premiums.
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Is there any other benefit of buying insurance other than the risk cover?
There are several benefits of buying insurance. Other than the risk cover the most important you receive Income Tax Relief under Section 88 of the Income Tax Act, which means premiums paid by you, reduces your tax liability. Such exemptions are also available for premiums paid on health covers.
Besides it helps you build up compulsory savings.
Also through a valid assignment the beneficiaries of the policy are protected from claims of creditors. Life insurance policies can also be a great source of help as a security while availing of loans. One could also surrender his policy in case of emergencies.
For a policy taken under the MWP Act 1874, (Married Women's Property Act), a trust is created for wife and children as beneficiaries.
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Besides it helps you build up compulsory savings.
Also through a valid assignment the beneficiaries of the policy are protected from claims of creditors. Life insurance policies can also be a great source of help as a security while availing of loans. One could also surrender his policy in case of emergencies.
For a policy taken under the MWP Act 1874, (Married Women's Property Act), a trust is created for wife and children as beneficiaries.
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Is there a difference between an Agent and a Broker?
Yes, there is a difference. An agent is the representative of the insurance company but the broker is the representative of the consumer or policyholder.
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When does a policy lapse?
If the policyholder fails to pay his premium within the days of grace provided after the due date, the policy lapses. The grace period in case of yearly, half-yearly and quarterly modes of payment is one month and in case of the monthly mode of payment, the grace period is 15 days.
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How do I revive a lapsed policy?
A lapsed policy can be revived during the lifetime of the assured, but within a period of 5 years from the due date of the first unpaid premium and before the date of maturity. Revival of a lapsed policy is considered either on non-medical or medical basis depending upon the age of the life assured at the time of revival and the sum to be revived. If the revival of the policy is completed by payment of over-due premium within 14 days from the expiry of the grace period, only the late fee for one month has to be paid.
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What is Surrender Value?
When a policyholder wishes to encash his policy due to urgent need of cash he returns back the policy to the insurer for which is entitled to an amount. This is called surrender of policy or termination of the policy before the stipulated period. Policies can be surrendered provided it is kept in force for atleast 3 years. If it has been in force for five years the bonus is also added to the surrender value.
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What are Loyalty Additions?
In addition to the Guaranteed Additions for certain policies the Life Insurance Corporation declares further additions, which benefits the policyholder. This is usually an amount declared per thousand of sum assured every five years, depending on the corporation’s performance. This is known as Loyalty Addition.
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What do you mean by Guaranteed Additions?
In case of some policies, the Life Insurance Corporation provides the policyholder with the bonus or the profits declared as a certain amount per thousand of sum assured. This assured bonus will be given to the policyholder whatever be the performance of the corporation for the period in question. These are Guaranteed Additions and are paid at the end of the term of the policy or in case of the early death of the policyholder.
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Avdhoot Investment
Mediclaim Insurance Policy is now available upto age 80 years.
Mediclaim Insurance Policy is now available upto 80 years age without any Medical Reports. For getting mediclaim policy of your old age Father & Mother contact at...
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