Insaan aur janvar mein ek he antar hai, janvar aage ke nai sochta isliya woh pani pene hamesha taalab ke pass bhagta hai aur insaan matka baar ke rakhta hai.
Aap bhi insaaniyat ke taraf ek kadam aage badayein, apna LIC karvayein, aur apne parivar ka khayal rakhe aap ke jaane ke baad bhi.
We do financial planning to get financial freedom. Financial freedom is when you’ve enough capital that you can overcome any financial problem.
Following are steps for financial planning:
Mediclaim Policies: In our life, there may be number of times that we might get seriously sick, seriously injured, meet with an accident, become hospitalized etc. We need to plan this financial problem before it hits us. Therefore we buy a mediclaim policy. Nowadays hospital bills come not in thousands but in lacs. So we need to be prepared not only for us but also for our entire family. We all should make a family mediclaim policy that covers (You, your spouse, mother, father, kids).
Life Insurance: Yes everyone of us die ultimately, so why not leave something behind for our beloved ones. When I say life insurance I only mean a pure term plan, people often mix insurance with investment. That’s not correct, In a term plan, you pay a very little premium and on your death, your family gets a very big return. (for example: a 23 year old person can buy a 30 lacs term plan in just 6 thousand rupees. (I'm an insurance agent at LIC, I recommend to go with LIC because claim settlement with LIC comes to around 99%, yes it is more costly then any other company but you're assured that your family gets the claim after you're gone. Call me now 9860002486)
Corpus or Liquid Money: Life is complicated, sometimes it makes us happy, sometimes sad, whatever be the case, we need cash in hand to overcome (for example: you need a latest smartphone in the market to make things smoother in your business) or (for example: at your home your TV suddenly stops working, so you need to replace it within a week, as nowadays no can live without entertainment). Therefore we need to have liquid cash in our bank accounts to fulfill these types of need. This money can be a form of Fixed deposits which gives you better interest rates then by just keeping it inside a bank account.
Tax Saving: Everyone of us work to earn income, but the Government put taxes on our income too, so it time to invest in 80c plans but not more than 1.5 lacs:
Life Insurance
Elss Mutual Funds
PPF
PF
Investment: If you’ve done above all steps, you’re now financially secure, few more carefully examined steps and you’ll get financial freedom. Investment means put your money on to work to make more money, it never means gambling. To learn the skill of investment you first need to be financially literate, financial literacy is not taught in schools or colleges. Before you enter the big world of investment, you need to first learn about your own life style, you need to learn about yourself.
How much do you earn monthly?
How much are your expenses?
Are all expenses necessary?
Are you frugal or lavish, when it comes to spending money?
if you can answer above questions, you know how much is left in your pocket for investment. Now, you need to make goals before you make an investment, goals such as (I need 50 lacs in 10 years for my new house or I need 3 lacs for new car within 2 years), Goals help you to get focused. Focus gives you answers.
Please contact Kunal Bhatia (me): 9860002486, I'm on Whatsapp also.
To know why? Listen this hindi audio:
We all work, we all earn, we all consume our earned income.
Step1:
Its our daily job to go at office/shop/business, to work there, so that we get what we deserve, we earn our monthly salary. We all have a process to create income for our living.
Step 2:
We all need our basic needs (i.e. food, clothing, shelter and a source of entertainment). We all have some liabilities, some have to pay house rent other flat maintenance charges. We all pay taxes example: house tax, road tax, income tax, vat tax and so on). We all consume income we created in step 1.
Step 3:
We create income, we consume income, so our bank account should have zero balance!!!
But do our bank account have zero balance? No, We all save a percentage of amount we earn, so that we can spend it when something good or bad happens. Some people buy property, some buy Gold, some buy stocks/mutual funds, other just save it in bank. Hence We all conserve our earned income.
But for an instance assume we lose our source of income, we lose our one member of the family because of which our income is created. In this case will our needs stop, will we tell our children 'now we don't have income so we'll not buy you toys', will we stop giving rent, will we stop paying taxes?
No, these will keep piling up, here we will break our mutual funds, sell our stocks, if condition is worse even sell gold or our property. But is this decision correct?
Again No, So what's the solution?
Step 4: Continuation of money, even when our all sources of income are stopped, our investments will feed us with money needed to run our life. A insurance policy after death, pays a big amount to your family,
A insurance policy which on maturity pays you and your family a big amount so that you could fulfill that big dream and still continues to cover your life. (Listen to Jeevan Anand).
A insurance policy which gives you a percentage of money in after every particular duration, so that you could overcome hurdles of life. (Listen to Moneyback).
A insurance policy with so little premium, that you can easily manage and big return at maturity with life cover. (Listen to Jeevan Rakshak).
We all should always invest in LIC's insurance policies as, they are here from very long time and always with us when we need them.
Contact me Kunal Bhatia: 9860002846, for any information on policies, I'll assist you to buy a good policy for you.
Please contact Kunal Bhatia (me): 9860002486, I'm on Whatsapp also.
Jeevan Rakshak Policy also know as "Aam Aadami Policy" is an Endowment Plan, meaning benefit is paid either on maturity or on death whichever comes early.
To understand this policy better listen to the below audio
Features of this policy are:
Double Accident Benefit – Allowed with Additional Premium
NO Medical Check up Required
Loan – Allowed after payment of premiums for at least 3 years.
Suicide Clause – If life insurance policy holder commits suicide at any time within 12 months from date of commencement of risk LIC will not entertain any claim under this policy.
Free Look Period – If policy holder is not satisfied with “Terms and Condition” of policy he/she may return policy to LIC stating reason within 15 days from date of receipt of policy.
Now, see below an example:
Age at entry: 25 years
Premium paying term: 20 years
Sum Assured: Rs.2,00,000/-
1st Year with TAX 3.09 %
Yearly: 6997 [6787 + 210]
Half-Yearly: 3535 [3429 + 106]
Quarterly: 1786 [1733 + 54]
Monthly: 595 [578 + 18]
From the 2nd Year with TAX 1.545 %
Yearly: 6892 [6787 + 105]
Half-Yearly: 3482 [3429 + 53]
Quarterly: 1759 [1733 + 27]
Monthly: 586 [578 + 9]
You've invested (6997 X 1) + (6892 X 19) = 137945/- in 20 years, Calculation done on Yearly premium.
Please contact Kunal Bhatia (me): 9860002486, I'm on Whatsapp also.
Moneyback plan from Lic is a profit plan, which gives you money back every five years. Insurance is complimentary. It is a attractive combination of protection against death throughout the term of the plan along with the periodic payment on survival at specified durations during the term. This unique combination provides financial support for the family of the deceased policyholder any time before maturity and lump sum amount at the time of maturity for the surviving policyholders. This plan also takes care of liquidity needs through its loan facility.
Listen to below audio in hindi for better understanding the policy.
Please contact Kunal Bhatia (me): 9860002486, I'm on Whatsapp also.
Jeevan Anand Policy is an Endowment Plan, meaning benefit is paid either on maturity or on death whichever comes early, but there is more to it in Jeevan Anand Policy, Even after maturity, your insurance keep on going till your death. On your death your family is paid sum assured once again. (jeevan ke saath bhi jeevan ke baad bhi)
To understand this Lic policy better, lets listen a audio.
After listening the audio see below an example
Age at
entry: 25 years
Premium
paying term: 35 years
Sum
Assured: Rs.1,00,000/-
1st
Year with TAX 3.09 %
Yearly:
3225 [3128 + 97]
Half-Yearly:
1628 [1580 + 49]
Quarterly:
822 [798 + 25]
Monthly:
274 [266 + 8]
From
the 2nd Year with TAX 1.545 %
Yearly: 3177
[3128 + 48]
Half-Yearly: 1604
[1580 + 24]
Quarterly: 810
[798 + 12]
Monthly: 270
[266 + 4]
You've invested (3225 X 1) + (3177 X 34) = 111243/- in 35 years,
Calculation done on Yearly premium.
So
your approximate Maturity Calculation will be:
Bonus: 168000/-
Final
Addition Bonus: 185000/-
Total
Maturity (Sum Assured + Bonus + FAB ): 453000/-
