Posts Tagged ‘Life insurance’

Let’s Talk About Mutual Funds ;)

mutual-funds-basics

Friends we will discuss now as to what are mutual funds before going on to seeing why to invest in mutual funds instead of stock 🙂

What is a Mutual Fund?

A mutual fund is an investment that pools money from many investors, and that money is used to invest in stocks, bonds and other securities.

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One mutual fund share includes a portion of a share of each stock held in the fund’s portfolio.

The stocks these mutual funds have are very fluid and are used for buying or redeeming and/or selling shares at a net asset value.

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Mutual funds posses shares of several companies and receive dividends in lieu of them and the earnings are distributed among the share holders.

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Who Decides What a Mutual Fund Invests In?

Mutual fund managers decide what securities to buy or sell guided by the mutual fund’s objectives.

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If a mutual fund’s objective is to invest in the energy sector, the manager cannot buy shares in technology stocks.

Fund objectives let you know what to expect now and in the future.

Mutual funds can be either or both of open ended and closed ended investment companies depending on their fund management pattern.

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An open-end fund offers to sell its shares (units) continuously to investors either in retail or in bulk without a limit on the number as opposed to a closed-end fund.

Closed end funds have limited number of shares.

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Why Invest in Mutual Funds Instead of Stock?

You can invest in both mutual funds and individual stocks, but mutual funds are particularly useful in some cases.

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*Diversification: If you do not have a lot of money to invest, creating your own diversified portfolio to spread risk will be difficult.

Diversification is automatic in mutual funds.

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*Time : Successful investors take hours every week to analyze their holdings, stock market conditions and to educate themselves further on investing.

Mutual funds are a wise choice for those who lack the time to follow stocks so closely.

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* Experience: Consistently investing well takes a few years of experience and learning from mistakes and successes.
If you are not experienced with trading stocks but want returns over and above what a savings account offers, investing in mutual funds is a good way to grow your personal assets.

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Private Sector Life Insurers Sailing in Choppy Waters :(

Private insurers sailing in choppy waters

Even after 8 years in operations, most of the companies seem to be sailing in choppy waters while the latest profit/loss numbers reveals that almost all of the 22 companies are still making losses.

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Net losses of the private sector life insurers have risen to a whopping Rs 4850 crore during the last fiscal from 2001-2002, showing a uncanny rise of over 2000%.

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However, Reliance Life has suffered the highest loss of Rs 1085 crore and its pool of the policy holders fund is a meager Rs 50 crore.

Moreover, ICICI Prudential Life is sitting on a net loss of Rs 780 crore while the cushion for policy holders is Rs 200 crore.

As for Birla Sunlife, the loss amounts to Rs 700 crore with a 130 crore surplus for the policy holders fund while HDFC Standard Life has netted losses of Rs 500 crore with a policy holders fund of 160 crore.

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Additionally, IRDA is looking at the numbers very closely now and is also doing a check on the risk profile of individual companies and trying to build in a system of early warning given the fact that life insurance is a long gestation business.

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Meanwhile, it is the speedy expansion in business that has cost the companies dear and the coming days will see a change in strategy.

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At the same it is said that such multi million losses may hit valuations of private life insurers especially if the companies are keen to list on the stock exchanges.

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Better Advice Will Insure Better Future :)

Better Advice Will Insure Better Future

Welcome To SMC Advisory House.  SMC is a powerful resource of yours to evaluate,quantify, and transfer risk to the insurance company.

SMC provides insurance broking services for both life and general insurance.

SMC believes that ‘a transaction is for a moment, but a relationship is forever’. Hence it gives all transactions equal importance and strives to offer its esteemed clientele an unmatched service.

SMC is licensed as a Direct Insurance Broker with Insurance Regulatory and Development Authority (IRDA) for providing a wide array of insurance services under professional guidance by experienced and experts of the field.

SMC is authorized to offer all types of insurance products, insurance consultancy besides risk assessment and policy servicing for all life and general insurance companies in India.

* Insurance solutions for both life and general Insurance

* Honesty, Transparency , Fairness and Customer care upheld in every transaction

* Product customization to meet client’s requirements

* Ability to quote quickly and efficiently

* Personalized solution and attention offered to each client

* Insurance product products of all the insurance provides under one umbrella

* Ability to settle Claims Quickly

SMC understands the needs of its clients and meet their requirements on a pre-agreed basis within well defined time frames and quality assurance.

SMC Global Offers :

Insurance Product (LIFE)

Individual Products

* Terms Insurance

* Key Man Insurance

* Unit Linked Investment Plans(ULIP)

* Endowment Plans

* Pension Plans

* Child Plans

Group Products

* Terms Insurance

* Gratuity Plans

* Super Annuation plans

* EDLI (Employees Deposit Linked Insurance)

* Leave Encashment Policies

Insurance Product (GENERAL)

* Motor Insurance

* Mediclaim (individual, group, overseas)

* Personal Cover

* Safeguard against fire hazard (office/shop/factory/godown/ house)

* Household Insurance (furniture, jewellery, electronics etc.)

* Protection against burglary & house breaking

* Office Umbrella

* Marine Insurance ( inland & overseas)

* Professional Indemnity

* Baggage Insurance

* Aviation hulk & loss of license

SMC Global & Insurance Broking !

SMC

SMC

Insurance Broking :

SMC provides insurance broking services for both life and general insurance.

SMC believes that ‘a transaction is for a moment, but a relationship is forever’.Hence it gives all transactions equal importance and strives to offer its esteemed clientele an unmatched service.

SMC is licensed as a Direct Insurance Broker with Insurance Regulatory and Development Authority (IRDA) for providing a wide array of insurance services under professional guidance by experienced and experts of the field.

SMC is authorized to offer all types of insurance products, insurance consultancy besides risk assessment and policy servicing for all life and general insurance companies in India.

* Insurance solutions for both life and general Insurance

* Honesty, Transparency , Fairness and Customer care upheld in every transaction

* Product customization to meet client’s requirements

* Ability to quote quickly and efficiently

* Personalized solution and attention offered to each client

* Insurance product products of all the insurance provides under one umbrella

* Ability to settle Claims Quickly

SMC understands the needs of its clients and meet their requirements on a pre-agreed basis within well defined time frames and quality assurance. SMC Global Offers :

Insurance Product (LIFE)

Individual Products

* Terms Insurance

* Key Man Insurance

* Unit Linked Investment Plans(ULIP)

* Endowment Plans

* Pension Plans

* Child Plans

Group Products

* Terms Insurance

* Gratuity Plans

* Super Annuation plans

* EDLI (Employees Deposit Linked Insurance)

* Leave Encashment Policies

Insurance Product (GENERAL)

* Motor Insurance

* Mediclaim (individual, group, overseas)

* Personal Cover

* Safeguard against fire hazard (office/shop/factory/godown/ house)

* Household Insurance (furniture, jewellery, electronics etc.)

* Protection against burglary & house breaking

* Office Umbrella

* Marine Insurance ( inland & overseas)

* Professional Indemnity

* Baggage Insurance

* Aviation hulk & loss of license