LIC's The Best Endowment Life Insurance Plan policy not only makes provisions for the family of the Life Assured in event of his early death but also assures a lump sum at a desired age. The lump sum can be reinvested to provide an annuity during the remainder of his life or in any other way considered suitable at that time. Premiums are usually payable for the selected term of years or until death if it occurs during the term period.Suitable For:Being an endowment assurance policy, this plan is apt for people of of all ages and social groups who wish to protect their families from a financial setback that may occur owing to their demise. The amount assured if not paid by reason of his death earlier will payable at the end of the endowment term where it can be invested in an annuity provision for the rest of the policyholder's life or in any other way he may think most suitable at that time. (LIC of India)
For more Detail Visit Avdhoot Investment
Showing posts with label India. Show all posts
Showing posts with label India. Show all posts
Sep 16, 2008
LIC Monthly Savings Plans
LIC's all the Plans are specially designed for all the people who will have different thoughts in their mind. As become your LIC Insurance Advisor it's my responsibily to suggest you which is the best saving plan for you. Do not search any more on LIC Monthly Savings Plans. There is nothing but i think you need Insurance Planning Assist.
- think about future savings
- think about after retirement plannings
- think about your child career
- think about safety
- think about security
- think about your money growth
- think about your future planning
- thnik about your pension planning
- think every thing but be positive when investment planning.
For more Detail Visit Avdhoot Investment
Sep 15, 2008
LIC Group Term Insurance Scheme Life Insurance Plan
A) Nature of the Scheme:
LIC Group (term) Insurance Scheme is meant to provide life insurance protection to groups of people. Administration of the scheme is on group basis and cost is low. Under Group (Term) Insurance Scheme, life insurance cover is allowed to all the members of a group subject to some simple insurability conditions without insisting upon any medical evidence. Scheme offers covers only on death and there is no maturity value at the end of the term.
B) Premium Chargeable:
Group (Term) Insurance Scheme is at present offered under One Year Renewable Group term assurance plan (OYRGTA). Every year on Annual Renewal date LIC charges the premium depending upon the changes in size and age distribution of the age group.
C) Different Schemes:
Group (term) Insurance Scheme has a number of varieties . The Scheme may provide for a uniform cover to all members of the group or graded covers for different categories of members, cover for all amounts of outstanding housing loans or vehicle advances, or some other benefits (e.g., life cover to supplement pension or PF benefits in case of death). The schemes may have add-ons like Double Accident Benefit,Critical Illness Benefit, Disability benefit etc.
D) General Featues of various Group Insurance Schemes:
PREMIUM:
The premium under such scheme may be wholly paid by the employer or the Nodal Agency. However, the scheme may be contributory i.e. the members may also contribute.
DOUBLE ACCIDENT BENEFIT:
Double Accident Benefit, i.e. payment of double the sum assured on death due to accident (without permanent disability benefit), may be allowed under Group Insurance Schemes for an extra premium.
ELIGIBILITY:
For Group Insurance Scheme in lieu of EDLIS the insurability condition is that should be a member of the Provident Fund Scheme of the employer. For other GI Schemes of employer-employee groups the insurability condition is that the member should not be absent on ground of sickness on the entry date. For all non-employer-employee Group Schemes the basic insurability condition is that the member should be in good health on the date of entry.
ADMINISTRATION OF THE SCHEME:
At the commencement and thereafter on each Annual Renewal Date, the Group Policyholder will have to send all the member's data (and particulars of the new entrants from time to time) to the P & GS unit of LIC. Detailed OYRGTA premium calculation will be made on each Annual Renewal Date.
When a claim arises, the particulars of the respective member are to be intimated together with the claim form and death certificate.
Special Features of each Group Insurance Schemes can be obtained from the P&GS units of the Corporation.
For more Detail on LIC Group Term Insurance Scheme Life Insurance Plan Visit Avdhoot Investment
LIC Group (term) Insurance Scheme is meant to provide life insurance protection to groups of people. Administration of the scheme is on group basis and cost is low. Under Group (Term) Insurance Scheme, life insurance cover is allowed to all the members of a group subject to some simple insurability conditions without insisting upon any medical evidence. Scheme offers covers only on death and there is no maturity value at the end of the term.
B) Premium Chargeable:
Group (Term) Insurance Scheme is at present offered under One Year Renewable Group term assurance plan (OYRGTA). Every year on Annual Renewal date LIC charges the premium depending upon the changes in size and age distribution of the age group.
C) Different Schemes:
Group (term) Insurance Scheme has a number of varieties . The Scheme may provide for a uniform cover to all members of the group or graded covers for different categories of members, cover for all amounts of outstanding housing loans or vehicle advances, or some other benefits (e.g., life cover to supplement pension or PF benefits in case of death). The schemes may have add-ons like Double Accident Benefit,Critical Illness Benefit, Disability benefit etc.
D) General Featues of various Group Insurance Schemes:
PREMIUM:
The premium under such scheme may be wholly paid by the employer or the Nodal Agency. However, the scheme may be contributory i.e. the members may also contribute.
DOUBLE ACCIDENT BENEFIT:
Double Accident Benefit, i.e. payment of double the sum assured on death due to accident (without permanent disability benefit), may be allowed under Group Insurance Schemes for an extra premium.
ELIGIBILITY:
For Group Insurance Scheme in lieu of EDLIS the insurability condition is that should be a member of the Provident Fund Scheme of the employer. For other GI Schemes of employer-employee groups the insurability condition is that the member should not be absent on ground of sickness on the entry date. For all non-employer-employee Group Schemes the basic insurability condition is that the member should be in good health on the date of entry.
ADMINISTRATION OF THE SCHEME:
At the commencement and thereafter on each Annual Renewal Date, the Group Policyholder will have to send all the member's data (and particulars of the new entrants from time to time) to the P & GS unit of LIC. Detailed OYRGTA premium calculation will be made on each Annual Renewal Date.
When a claim arises, the particulars of the respective member are to be intimated together with the claim form and death certificate.
Special Features of each Group Insurance Schemes can be obtained from the P&GS units of the Corporation.
For more Detail on LIC Group Term Insurance Scheme Life Insurance Plan Visit Avdhoot Investment
LIC Jeevan Amrut Life Insurance Plan Policy Detail
LIC Jeevan Amrut Life Insurance Plan Policy Detail
Product summary:
Some people, particularly the younger ones, want to have high cover at a low cost. Further, many of them do not want commitment to pay premiums for a longer duration. LIC's Jeevan Amrit is most suitable for such persons. Under this plan premium payment is limited to 3 or 4 or 5 years and the premium payable during the first year is higher than the premiums payable in subsequent years.
Options:
You may choose Sum Assured (S.A.), Premium Paying Term, Policy Term and Mode of premium payment.
Payment of Premiums :
You may pay premiums yearly or half-yearly during the premium paying term of 3 or 4 or 5 years.
For more on LIC Jeevan Amrut Life Insurance Plan Policy Detail Visit Avdhoot Investment
Product summary:
Some people, particularly the younger ones, want to have high cover at a low cost. Further, many of them do not want commitment to pay premiums for a longer duration. LIC's Jeevan Amrit is most suitable for such persons. Under this plan premium payment is limited to 3 or 4 or 5 years and the premium payable during the first year is higher than the premiums payable in subsequent years.
Options:
You may choose Sum Assured (S.A.), Premium Paying Term, Policy Term and Mode of premium payment.
Payment of Premiums :
You may pay premiums yearly or half-yearly during the premium paying term of 3 or 4 or 5 years.
For more on LIC Jeevan Amrut Life Insurance Plan Policy Detail Visit Avdhoot Investment
LIC Jeevan Pramukh Life Insurance Plan Policy Detail
LIC Jeevan Pramukh Life Insurance Plan Policy Detail
Introduction
Insurance Regulatory & Development Authority (IRDA) requires all life insurance companies operating in India to provide official illustrations to their customers. The illustrations are based on the investment rates of return set by the Life Insurance Council (constituted under Section 64C(a) of the Insurance Act 1938) and is not intended to reflect the actual investment returns achieved or may be achieved in future by Life Insurance Corporation of India (LICI).
For the year 2004-05 the two rates of investment return declared by the Life Insurance Council are 6% and 10% per annum.
Product summary
This is an Endowment Assurance plan offering the choice of three premium paying terms. It provides financial protection against death throughout the term of the plan with the payment of maturity amount on survival to the end of the policy term.
Premiums :
Premiums are payable yearly, half-yearly, quarterly or monthly, as opted by you, throughout the premium paying term or till earlier death.
Guaranteed Additions:
The policy provides for the Guaranteed Additions at the rate of Rs. 50/- per thousand Sum Assured for each completed year for first five years of the policy. The Guaranteed Additions are payable along with the Sum Assured at the time of claim.
Bonuses :
The policy participates in the profits of the Corporation’s life insurance business from the 6th year onwards. It will get a share of the profits in the form of bonuses. Simple Reversionary Bonuses will be declared per thousand Sum Assured annually at the end of each financial year. Once declared, they will form part of the guaranteed benefits of the policy.
Death Benefit :
The Sum Assured along with accrued guaranteed additions and vested simple reversionary bonuses and Terminal Bonus, if any, is payable in a lump sum on death of the life assured during the policy term.
Maturity Benefit:
The Sum Assured along with accrued guaranteed additions and vested simple reversionary bonuses and Terminal Bonus, if any, is payable in a lump sum on survival to the end of the policy term.
Surrender Value :
Buying a life insurance contract is a long-term commitment. However, surrender value is available on the plan on earlier termination of the contract.
Guaranteed Surrender Value :
The policy may be surrendered for cash after more than one year’s premium have been paid. The guaranteed surrender value will be 30% of the total amount of premiums paid excluding the first year’s premium and the extra premiums, if any.
Corporation’s policy on surrenders :
In practice, the Corporation will pay a Special Surrender Value – which is available after completion of at least 3 years from the date of commencement of your policy. The benefit payable on surrender reflects the discounted value of the reduced claim amount that would be payable on death or at maturity. This value will depend on the duration for which premiums have been paid and the policy duration at the date of surrender. In some circumstances especially in case of early termination of the policy, the surrender value payable may be less than the total premium paid.
The Corporation reviews the surrender value payable under its plans from time to time depending on the economic environment, experience and other factors.
Note :
The above is the product summary giving the key features of the plan. This is for illustrative purpose only. This does not represent a contract and for details please refer to your policy document.
Guaranteed Additions:
Guaranteed Additions @ Rs.50%o Sum Assured for each completed year, for the first five years.
Participation in profits :
The policy shall participate in profits of the Corporation from the 6th year onwards and shall be entitled to receive bonuses declared as per the experience of the Corporation.
Maturity Benefit:
Sum Assured together with accrued Guaranteed Additions and accrued simple reversionary bonuses and Final Additional Bonus, if any, will be paid to the Policyholder on surviving the term of the policy provided the policy is in full force for full sum assured.
Death Benefit:
On death of the Life Assured during the term of the policy an amount equal to the Sum Assured along with accrued Guaranteed Additions and accrued Simple Reversionary Bonuses and Final Additional Bonus, if any, will be paid provided the policy is in full force for full sum assured.
Grace Period:
A grace period of 30 days will be available for payment of yearly, half-yearly or quarterly premiums and 15 days for monthly premiums.
15 – days Cooling-off period
If you are not satisfied with the “Terms and Conditions” of the policy you may return the policy to us within 15 days.
Paid-up Value
The policy will acquire paid-up value after more than one year’s premiums have been paid subject to Terms and Conditions.
Guaranteed Surrender Value
This policy can be surrendered for cash after more than one year’s premiums have been paid.
The Guaranteed Surrender Value allowable under the policy will be equal to 30% of the total amount of premiums paid excluding the premiums for the first year and the extra premiums, if any.
The cash value of any existing vested Guaranteed Additions and vested simple reversionary bonuses, if any, will also be payable after completion of 3 years.
Revival
The policyholder can revive his lapsed policy by paying arrears of premium together with interest within a period of five years from the date of first unpaid premium subject to satisfactory evidence of health and continued insurability of the Life Assured. The rate of interest will be as determined by the Corporation from time to time. Currently, the rate of interest is 8% p.a.
Loan:
Subject to Terms and Conditions loan is permissible after the policy has acquired paid-up value. The rate of interest charged on such loan amount would be determined from time to time. The present rate is 9% p.a. payable half-yearly.
Payment of premium :
Premiums under this policy are payable over a period of 3, 4 or 5 years. The following modes of payment of premium are allowed - Yearly, Half-yearly, Quarterly or Monthly.
Policy Term: 5, 10, 15, 20 or 25 years
For more Detail on LIC Jeevan Pramukh Life Insurance Plan Policy Detail Visit Avdhoot Investment
Introduction
Insurance Regulatory & Development Authority (IRDA) requires all life insurance companies operating in India to provide official illustrations to their customers. The illustrations are based on the investment rates of return set by the Life Insurance Council (constituted under Section 64C(a) of the Insurance Act 1938) and is not intended to reflect the actual investment returns achieved or may be achieved in future by Life Insurance Corporation of India (LICI).
For the year 2004-05 the two rates of investment return declared by the Life Insurance Council are 6% and 10% per annum.
Product summary
This is an Endowment Assurance plan offering the choice of three premium paying terms. It provides financial protection against death throughout the term of the plan with the payment of maturity amount on survival to the end of the policy term.
Premiums :
Premiums are payable yearly, half-yearly, quarterly or monthly, as opted by you, throughout the premium paying term or till earlier death.
Guaranteed Additions:
The policy provides for the Guaranteed Additions at the rate of Rs. 50/- per thousand Sum Assured for each completed year for first five years of the policy. The Guaranteed Additions are payable along with the Sum Assured at the time of claim.
Bonuses :
The policy participates in the profits of the Corporation’s life insurance business from the 6th year onwards. It will get a share of the profits in the form of bonuses. Simple Reversionary Bonuses will be declared per thousand Sum Assured annually at the end of each financial year. Once declared, they will form part of the guaranteed benefits of the policy.
Death Benefit :
The Sum Assured along with accrued guaranteed additions and vested simple reversionary bonuses and Terminal Bonus, if any, is payable in a lump sum on death of the life assured during the policy term.
Maturity Benefit:
The Sum Assured along with accrued guaranteed additions and vested simple reversionary bonuses and Terminal Bonus, if any, is payable in a lump sum on survival to the end of the policy term.
Surrender Value :
Buying a life insurance contract is a long-term commitment. However, surrender value is available on the plan on earlier termination of the contract.
Guaranteed Surrender Value :
The policy may be surrendered for cash after more than one year’s premium have been paid. The guaranteed surrender value will be 30% of the total amount of premiums paid excluding the first year’s premium and the extra premiums, if any.
Corporation’s policy on surrenders :
In practice, the Corporation will pay a Special Surrender Value – which is available after completion of at least 3 years from the date of commencement of your policy. The benefit payable on surrender reflects the discounted value of the reduced claim amount that would be payable on death or at maturity. This value will depend on the duration for which premiums have been paid and the policy duration at the date of surrender. In some circumstances especially in case of early termination of the policy, the surrender value payable may be less than the total premium paid.
The Corporation reviews the surrender value payable under its plans from time to time depending on the economic environment, experience and other factors.
Note :
The above is the product summary giving the key features of the plan. This is for illustrative purpose only. This does not represent a contract and for details please refer to your policy document.
Guaranteed Additions:
Guaranteed Additions @ Rs.50%o Sum Assured for each completed year, for the first five years.
Participation in profits :
The policy shall participate in profits of the Corporation from the 6th year onwards and shall be entitled to receive bonuses declared as per the experience of the Corporation.
Maturity Benefit:
Sum Assured together with accrued Guaranteed Additions and accrued simple reversionary bonuses and Final Additional Bonus, if any, will be paid to the Policyholder on surviving the term of the policy provided the policy is in full force for full sum assured.
Death Benefit:
On death of the Life Assured during the term of the policy an amount equal to the Sum Assured along with accrued Guaranteed Additions and accrued Simple Reversionary Bonuses and Final Additional Bonus, if any, will be paid provided the policy is in full force for full sum assured.
Grace Period:
A grace period of 30 days will be available for payment of yearly, half-yearly or quarterly premiums and 15 days for monthly premiums.
15 – days Cooling-off period
If you are not satisfied with the “Terms and Conditions” of the policy you may return the policy to us within 15 days.
Paid-up Value
The policy will acquire paid-up value after more than one year’s premiums have been paid subject to Terms and Conditions.
Guaranteed Surrender Value
This policy can be surrendered for cash after more than one year’s premiums have been paid.
The Guaranteed Surrender Value allowable under the policy will be equal to 30% of the total amount of premiums paid excluding the premiums for the first year and the extra premiums, if any.
The cash value of any existing vested Guaranteed Additions and vested simple reversionary bonuses, if any, will also be payable after completion of 3 years.
Revival
The policyholder can revive his lapsed policy by paying arrears of premium together with interest within a period of five years from the date of first unpaid premium subject to satisfactory evidence of health and continued insurability of the Life Assured. The rate of interest will be as determined by the Corporation from time to time. Currently, the rate of interest is 8% p.a.
Loan:
Subject to Terms and Conditions loan is permissible after the policy has acquired paid-up value. The rate of interest charged on such loan amount would be determined from time to time. The present rate is 9% p.a. payable half-yearly.
Payment of premium :
Premiums under this policy are payable over a period of 3, 4 or 5 years. The following modes of payment of premium are allowed - Yearly, Half-yearly, Quarterly or Monthly.
Policy Term: 5, 10, 15, 20 or 25 years
For more Detail on LIC Jeevan Pramukh Life Insurance Plan Policy Detail Visit Avdhoot Investment
LIC Jeevan Tarang Life Insurance Policy Plan Features
LIC Jeevan Tarang Life Insurance Policy Plan Features
Introduction:
This is a with-profits whole of life plan which provides for annual survival benefit at a rate of 5½ % of the Sum Assured after the chosen Accumulation Period. The vested bonuses in a lump sum are payable on survival to the end of the Accumulation Period or on earlier death. Further, the Sum Assured, along with Loyalty Additions, if any, is payable on survival to age 100 years or on earlier death.
Accumulation Period :
The plan offers three Accumulation periods – 10, 15 and 20 years. A proposer may choose any of them.
Payment of Premium:
Premiums can be paid regularly at yearly, half-yearly, quarterly or monthly intervals or through salary deductions over the Accumulation Period. Alternatively, a Single Premium can be paid on commencement of a policy.
Sample Premium Rates:
The tables below provide tabular premiums for various age-term combinations for Rs. 1000/- Sum Assured.
For more Detail on LIC Jeevan Tarang Life Insurance Policy Plan Features Visit Avdhoot Investment
Introduction:
This is a with-profits whole of life plan which provides for annual survival benefit at a rate of 5½ % of the Sum Assured after the chosen Accumulation Period. The vested bonuses in a lump sum are payable on survival to the end of the Accumulation Period or on earlier death. Further, the Sum Assured, along with Loyalty Additions, if any, is payable on survival to age 100 years or on earlier death.
Accumulation Period :
The plan offers three Accumulation periods – 10, 15 and 20 years. A proposer may choose any of them.
Payment of Premium:
Premiums can be paid regularly at yearly, half-yearly, quarterly or monthly intervals or through salary deductions over the Accumulation Period. Alternatively, a Single Premium can be paid on commencement of a policy.
Sample Premium Rates:
The tables below provide tabular premiums for various age-term combinations for Rs. 1000/- Sum Assured.
For more Detail on LIC Jeevan Tarang Life Insurance Policy Plan Features Visit Avdhoot Investment
LIC Jeevan Anurag Life Insurance Plan Policy Detail
LIC’s Jeevan ANURAG is a with profits plan specifically designed to take care of the educational needs of children. The plan can be taken by a parent on his or her own life. Benefits under the plan are payable at prespecified durations irrespective of whether the Life Assured survives to the end of the policy term or dies during the term of the policy. In addition, this plan also provides for an immediate payment of Basic Sum Assured amount on death of the Life Assured during the term of the policy.
Assured Benefit
Payment of 20% of the Basic Sum Assured at the start of every year during last 3 policy years before maturity. At maturity, 40% of the Basic Sum Assured along with reversionary bonuses declared from time to time on full Sum Assured for the full term and the Terminal bonus, if any shall be payable. For example, if term of the policy is 20 years, 20% of the Sum assured will be payable at the end of the 17th,18th, 19th year and 40% of the Sum Assured along with the reversionary bonuses and the terminal bonus, if any, at the end of the 20th year.
Death Benefit
Payment of an amount equal to Sum Assured under the basic plan immediately on the death of the life assured.
For more Detail Visit Avdhoot Investment
Assured Benefit
Payment of 20% of the Basic Sum Assured at the start of every year during last 3 policy years before maturity. At maturity, 40% of the Basic Sum Assured along with reversionary bonuses declared from time to time on full Sum Assured for the full term and the Terminal bonus, if any shall be payable. For example, if term of the policy is 20 years, 20% of the Sum assured will be payable at the end of the 17th,18th, 19th year and 40% of the Sum Assured along with the reversionary bonuses and the terminal bonus, if any, at the end of the 20th year.
Death Benefit
Payment of an amount equal to Sum Assured under the basic plan immediately on the death of the life assured.
For more Detail Visit Avdhoot Investment
Sep 11, 2008
Life Insurance planning in India
Life Insurance Planning
In case of Term assurance policy (one type of policy) you can get a large amount of Insurance for next 15-20 years for a very low cost. The insurance claim can be made only in case of death/disability withing the next 15-20 yrs. After that the policy will expire. Though you do not get back any money but also the amount payable is very low compared ot any other policy.
Second useful policy is Whole life Limited payment. This policy is valid for whole life but premium payment may end at the time of your retirement. In this case the Insured amount will be received by your family/nominee after your Death. You can also have add ons in this policy like Disability rider etc. that will allow you to benefit in case of disability.
Other then these 2 schemes, other Life Insurance policies are (Investment + Life Insurance) policies. i.e. part of your premium is used for giving you Insurance and rest of the part is invested in markets (like mutual funds) to give you returns after maturity. By making different combinations Insurance companies create several hundred different confusing schemes.
For employees who earn below 20k per month, i suggest to consider combination schemes.
For employees who earn above 20k per month, i suggest to invest separately in the Life Insurance & Investment schemes. Do not mix them, as in future when your income grow your investment requirements will grow faster but your insurance requirements may not grow. It is easier to close a investment and start new one, combine investment but combining or reviewing Insurance policies is not possible. Also as India is growing new and new investment options are coming to the market and you may like to change your investment planning every few year.For more Detail Visit Avdhoot Investment
In case of Term assurance policy (one type of policy) you can get a large amount of Insurance for next 15-20 years for a very low cost. The insurance claim can be made only in case of death/disability withing the next 15-20 yrs. After that the policy will expire. Though you do not get back any money but also the amount payable is very low compared ot any other policy.
Second useful policy is Whole life Limited payment. This policy is valid for whole life but premium payment may end at the time of your retirement. In this case the Insured amount will be received by your family/nominee after your Death. You can also have add ons in this policy like Disability rider etc. that will allow you to benefit in case of disability.
Other then these 2 schemes, other Life Insurance policies are (Investment + Life Insurance) policies. i.e. part of your premium is used for giving you Insurance and rest of the part is invested in markets (like mutual funds) to give you returns after maturity. By making different combinations Insurance companies create several hundred different confusing schemes.
For employees who earn below 20k per month, i suggest to consider combination schemes.
For employees who earn above 20k per month, i suggest to invest separately in the Life Insurance & Investment schemes. Do not mix them, as in future when your income grow your investment requirements will grow faster but your insurance requirements may not grow. It is easier to close a investment and start new one, combine investment but combining or reviewing Insurance policies is not possible. Also as India is growing new and new investment options are coming to the market and you may like to change your investment planning every few year.For more Detail Visit Avdhoot Investment
Sep 4, 2008
GAIL India approves bonus share of 1:2
GAIL India approves bonus share of 1:2
In a bonanza to shareholders, GAIL India on Thursday approved a bonus share in the ratio of one additional share for two shares held.
The shares issued will be in the ratio of 1:2 and which will double the authorised share capital to Rs 2,000 crore, GAIL Chairman and Managing Director U D Choubey said.
He said the company proposes to raise Pata Petrochemicals' annual capacity to 500,000 tons in the next one year from the existing 400,000 tons.
It will further raise the annual capacity to 800,000 tons in future, Choubey said. "The increased production of polymers at Pata shall further add value," he told shareholders.
The company's share surged to Rs 416 in morning trade, up from yesterday's close of Rs 405.55.
Avdhoot Investment
In a bonanza to shareholders, GAIL India on Thursday approved a bonus share in the ratio of one additional share for two shares held.
The shares issued will be in the ratio of 1:2 and which will double the authorised share capital to Rs 2,000 crore, GAIL Chairman and Managing Director U D Choubey said.
He said the company proposes to raise Pata Petrochemicals' annual capacity to 500,000 tons in the next one year from the existing 400,000 tons.
It will further raise the annual capacity to 800,000 tons in future, Choubey said. "The increased production of polymers at Pata shall further add value," he told shareholders.
The company's share surged to Rs 416 in morning trade, up from yesterday's close of Rs 405.55.
Avdhoot Investment
Sep 2, 2008
LIC of India Life Insurance Agent Policy Features Detail List
Heare is the some LIC Life Insurance Product List. Find Key Features, Plan Presentation, Maximum/ Minimum Age Entry, Report about your Investment in Lic of India
LIC Endowment Policy
• LIC's Endowment with Profits
• LIC's Limited Payment Endowment With Profits
• LIC's New JanaRaksha Policy
• LIC's Bhavishya Jeevan Sp. Endowment
• LIC's Jeevan Anand *
• LIC's Jeevan Mitra (Double) / Jeevan Mitra (Triple)
• LIC's New Jeevan saral *
LIC Money Back Policy
• LIC's Money Back with Profits (Plan-75)
• LIC's Jeevan Surabhi [15/20/25] yrs
• LIC's Bima Gold Plan *
• LIC's Jeevan Sanchaya Plan
• LIC's Jeevan Rekha
LIC's Unit Link Life Insurance Policy
• LIC's Market Plus-1*
• LIC's Profit Plus
• LIC's Fortune Plus ULIP
• LIC's Money Plus-I*
LIC Special Plans
• LIC's Jeevan Shree
• LIC's Health Plus Insurance*
• LIC's Asha Deep II
• LIC's Jeevan Asha / Jeevan Asha II (Medical)
• LIC's Jeevan Vishwas
• LIC's Bima Nivesh Triple Cover
LIC's Term Policy
• LIC's Convertible Term Assurance
• LIC's Term Assurance
• LIC's New Bima Kiran
• LIC's Anmol Jeevan *
LIC Joint Life Policy
• LIC's Jeevan Sathi
LIC Children's Policy
• LIC's Jeevan Kishore
• LIC's Jeevan Chhaya
• LIC's Komal Jeevan *
• LIC's Marriage Endowment/ Educational Annuity
• LIC's Jeevan Annurag
LIC Whole Life Policy
• LIC's Whole Life with Profits
• LIC's Convertible Whole Life Policy
LIC Women's Policy
• LIC's Jeevan Bharati (FOR WOMEN ONLY)
LIC policies for Disabled Dependents
• LIC's Jeevan Aadhar
• LIC's Jeevan Vishwas
LIC's Group Insurance
LIC Housing loan Plans
• LIC's Jeevan Griha Triple Cover
• LIC's Jeevan Mitra Triple Cover
• LIC's Jeevan Griha Double Cover
LIC Pension Plans And Annuities
• LIC's Jeevan Dhara
• LIC's Jeevan Akshay
• LIC's Jeevan Suraksha
• LIC's New Jeevan Akshay
• LIC's New Jeevan Dhara
• NRI Insurance Investment
• FAQ's on Life Insurance here
• Today's Latest LIC ULIP NAV
• Check Your Income Tax
• LIC's New Bonus Rates
Contact us for Free Quotes on Life Insurance at sameer.lic@gmail.com or Call on +91-9825472919 for getting more detail. Ask our Insurance/ Investment/ Financial/ Agent/ Expert/ Advisor/ Consultant/ Corporate Agents for lower Cheapest Recurring low cost high risk cover calculations at Avdhoot Investment see here how much combinations, charts, options, premium calculations, reviews, feedback, comparision free.
LIC Endowment Policy
• LIC's Endowment with Profits
• LIC's Limited Payment Endowment With Profits
• LIC's New JanaRaksha Policy
• LIC's Bhavishya Jeevan Sp. Endowment
• LIC's Jeevan Anand *
• LIC's Jeevan Mitra (Double) / Jeevan Mitra (Triple)
• LIC's New Jeevan saral *
LIC Money Back Policy
• LIC's Money Back with Profits (Plan-75)
• LIC's Jeevan Surabhi [15/20/25] yrs
• LIC's Bima Gold Plan *
• LIC's Jeevan Sanchaya Plan
• LIC's Jeevan Rekha
LIC's Unit Link Life Insurance Policy
• LIC's Market Plus-1*
• LIC's Profit Plus
• LIC's Fortune Plus ULIP
• LIC's Money Plus-I*
LIC Special Plans
• LIC's Jeevan Shree
• LIC's Health Plus Insurance*
• LIC's Asha Deep II
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Aug 3, 2008
80 killed in stampede at the Naina Devi temple
Around 80 pilgrims were feared killed and over 30 others injured today in a stampede at the Naina Devi temple in Bilaspur district in Himachal Pradesh.
"About 80 people have died and about 30 are injured as per latest reports from Bilaspur district," Himachal Pradesh government's Principal Secretary P C Kapoor said. The temple is located about 160 kms from Shimla.
However, Chief Minister P K Dhumal, who was in Chamba, said the toll was 68. He said he was trying to reach the spot but was stuck due to heavy rain.
Rumours of a landslide and rolling down of stones from a nearby hilltop led to a commotion which apparently caused the stampede as a large number of pilgrims tried to push their way causing collapse of a railing along the four-km trek to the temple. The pilgrims had gathered to offer prayers on the occasion of 'Navratra'. The incident that took place around 1000 hrs, Additional District Magistrate C P Verma told reporters from the spot, about 50 kms from district headquarters of Bilaspur.
Officials said the stampede took place as there was sudden rush at a point along the temple trek caused by people returning from the hilltop shrine and those going up.
"The stampede happened after a railing fell. People started running here and there," Kapoor said.
"It is presumed that most of the people there are from neighbouring Punjab and Himachal Pradesh," he said.
Superintendent of Police K K Indoria and other senior civil and police officials were at the spot to supervise the relief work which was hampered due to rain. The temple of under government control.
A temple functionary said devotees with minor injuries have been sent to a hospital in nearby Dawar Chowk while those with serious injuries were being sent to hospitals in Punjab's Anandpur Sahib.
Inspector General of Police (Law and Order) S R Mardi has rushed to the incident site from Shimla. BJP MLA Randhir Sharma from Kot Kahloor, under which the Naina Devi temple of Goddess Durga falls, has also rushed to the spot. Avdhoot Investment
"About 80 people have died and about 30 are injured as per latest reports from Bilaspur district," Himachal Pradesh government's Principal Secretary P C Kapoor said. The temple is located about 160 kms from Shimla.
However, Chief Minister P K Dhumal, who was in Chamba, said the toll was 68. He said he was trying to reach the spot but was stuck due to heavy rain.
Rumours of a landslide and rolling down of stones from a nearby hilltop led to a commotion which apparently caused the stampede as a large number of pilgrims tried to push their way causing collapse of a railing along the four-km trek to the temple. The pilgrims had gathered to offer prayers on the occasion of 'Navratra'. The incident that took place around 1000 hrs, Additional District Magistrate C P Verma told reporters from the spot, about 50 kms from district headquarters of Bilaspur.
Officials said the stampede took place as there was sudden rush at a point along the temple trek caused by people returning from the hilltop shrine and those going up.
"The stampede happened after a railing fell. People started running here and there," Kapoor said.
"It is presumed that most of the people there are from neighbouring Punjab and Himachal Pradesh," he said.
Superintendent of Police K K Indoria and other senior civil and police officials were at the spot to supervise the relief work which was hampered due to rain. The temple of under government control.
A temple functionary said devotees with minor injuries have been sent to a hospital in nearby Dawar Chowk while those with serious injuries were being sent to hospitals in Punjab's Anandpur Sahib.
Inspector General of Police (Law and Order) S R Mardi has rushed to the incident site from Shimla. BJP MLA Randhir Sharma from Kot Kahloor, under which the Naina Devi temple of Goddess Durga falls, has also rushed to the spot. Avdhoot Investment
Aug 2, 2008
Govt starts download of 3G bids, number switch
NEW DELHI: India's 300-million mobile subscribers have reasons to cheer. From mid-2009 they will be able to access third-generation (3G) services such as high-speed internet, interactive gaming, and instant downloads of movies, video clips and music on their mobile phones. And that’s not all. They will also have the option of changing their telecom operator without having to change their mobile numbers.
After nearly two years of debate and controversy, the government on Friday finally announced its plans for a global auction of third-generation (3G) radio frequencies, a move that could bring in billions of dollars for the government. The government also announced the introduction of mobile number portability (MNP) as well as a separate auction for broadband wireless access (BWA) services spectrum, popularly called WiMAX.
All this will of course come at a price for the consumer. Monthly phone bills went up by as much as 50% for subscribers in some countries when they switched from the normal 2G services to 3G services. Moreover, many subscribers may have to upgrade their handsets to avail 3G services.
The starting price for a 3G-enabled handset is about Rs 6,000 compared to an entry level phone of Rs 700. Finally, India is primarily a ‘voice’ market and it remains to be seen how many subscribers take to 3G-driven data services. It took nearly eight to ten years for customers in Europe to adopt 3G services in a big way.
3G rollout in India may be impacted by a parallel WiMax rollout. WiMax, an evolving technology is considered a threat to 3G as it offers data download speeds that are 10-30 times faster than 3G. And so while consumers can choose between opting for the two services, telcos would probably want to offer both services
Avdhoot Investment
After nearly two years of debate and controversy, the government on Friday finally announced its plans for a global auction of third-generation (3G) radio frequencies, a move that could bring in billions of dollars for the government. The government also announced the introduction of mobile number portability (MNP) as well as a separate auction for broadband wireless access (BWA) services spectrum, popularly called WiMAX.
All this will of course come at a price for the consumer. Monthly phone bills went up by as much as 50% for subscribers in some countries when they switched from the normal 2G services to 3G services. Moreover, many subscribers may have to upgrade their handsets to avail 3G services.
The starting price for a 3G-enabled handset is about Rs 6,000 compared to an entry level phone of Rs 700. Finally, India is primarily a ‘voice’ market and it remains to be seen how many subscribers take to 3G-driven data services. It took nearly eight to ten years for customers in Europe to adopt 3G services in a big way.
3G rollout in India may be impacted by a parallel WiMax rollout. WiMax, an evolving technology is considered a threat to 3G as it offers data download speeds that are 10-30 times faster than 3G. And so while consumers can choose between opting for the two services, telcos would probably want to offer both services
Avdhoot Investment
Aug 1, 2008
Govt to give Rs 1,000 cr more to LIC for Aam Admi Bima Yojana
NEW DELHI: The government on Thursday decided to provide an additional Rs 1,000 crore to Life Insurance Corporation to cover another one crore rural landless households under the social security scheme 'Aam Admi Bima Yojana'. The scheme will cover an additional one crore landless households by September 30, 2009 under the AABY to provide death and disability benefits to the head of the family or earning members of the family, Information and Broadcasting Minister P R Dasmunsi told reporters after the Cabinet meeting.
The scheme, which is being implemented through the LIC, was launched on October 2 last year. The union government bears 50 per cent of the premium of Rs 200 per year per person and the state governments pays the rest of the premium on behalf of the beneficiaries.
Besides, the Cabinet also approved giving Rs 500 crore towards Social Security Fund maintained by LIC to provide 50 per cent share of premium Janshree Bima Yojana for all women self help groups credit linked to banks. Dasmunsi said the decision will facilitate providing life and permanent disability cover to 2.5 lakh women SHGs under the scheme by March 31, 2009.
Janshree Bima Yojana was launched in August 2000 to provide life insurance protection to the rural and urban poor under various vocational groups. The premium under the scheme is Rs 200 per member per annum, of which 50 per cent premium is paid by beneficiaries of the scheme and the rest pitched in by the government through the fund maintained by LIC. At present, there are 45 vocational or occupational groups covered under the scheme. Avdhoot Investment
The scheme, which is being implemented through the LIC, was launched on October 2 last year. The union government bears 50 per cent of the premium of Rs 200 per year per person and the state governments pays the rest of the premium on behalf of the beneficiaries.
Besides, the Cabinet also approved giving Rs 500 crore towards Social Security Fund maintained by LIC to provide 50 per cent share of premium Janshree Bima Yojana for all women self help groups credit linked to banks. Dasmunsi said the decision will facilitate providing life and permanent disability cover to 2.5 lakh women SHGs under the scheme by March 31, 2009.
Janshree Bima Yojana was launched in August 2000 to provide life insurance protection to the rural and urban poor under various vocational groups. The premium under the scheme is Rs 200 per member per annum, of which 50 per cent premium is paid by beneficiaries of the scheme and the rest pitched in by the government through the fund maintained by LIC. At present, there are 45 vocational or occupational groups covered under the scheme. 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.
Avdhoot Investment
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
Jul 29, 2008
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).
Avdhoot Investment
Avdhoot Investment
Jul 28, 2008
LIC LIC of India LIC Agent Ambavadi Ambawadi Ahmedabad Gujarat INDIA
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To know abour us visit www.avdhootinvestment.com
To know abour us visit www.avdhootinvestment.com
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 19, 2008
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
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
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.
Avdhoot Investment
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.
Avdhoot Investment
For more detail on Overseas Insurance Policy Click here
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