Term Plans: Benefits and Positives of Purchasing Online

The number of Internet users in India grew from 205 million in October 2013 to a whopping 354 million by the of June 2015, according to a report by the Internet and Mobile Association of India. We now have more Internet users than the entire population of the US, second only to China in the number of internet users! With growing Internet penetration has come a plethora of services that we can now enjoy without ever have to leave our chair. From shopping to paying bills and even banking, the ecommerce space is only slated to grow. This is good news for insurance seekers as well, with the different companies vying with each other to offer better and simpler online services and products for the consumer. But does it really make sense to buy an online term plan?

Why Buy Term Plans Online

Online term insurance offers a wide range of benefits, such as:

  • A simple process: It was never easier to research, compare and make an informed decision regarding your insurance needs and solutions. All you need to do is visit the website of the insurer of your choice, read up on the products, use the insurance calculator to make an informed choice, fill in a simple form and make an online, secure payments. That is all.
  • Informed decision: This is possibly the most important advantage of an online term policy. You get to weigh all the information for yourself, rather than being swayed by what an agent might be interested in selling. You can chat directly with the company’s representative, either via email or live chat, or even a phone call. You have all the terms and conditions laid out in detail, so that you are not taken by surprise at any point. You can even check on the feedback of existing customers to get a better idea of what works.
  • Low cost, high sum assured: Did you know that you could expect to save 30% to 50% on the premium payments when you buy online term insurance plans? Term plans are the cheapest life insurance type to start with and when you buy the policy online, you are likely to make added savings. This is because in the virtual world, the insurer saves on overheads, such as infrastructures and agent commissions. These savings are then used to reward consumers with lower premiums. You can also look for special offers and discounts online.
  • Smoother application & claim processes: Not only are you saved the hassle of travelling to a physical office, standing in long queues and wasting a lot of time and effort, you are get a simplified form to fill. This is true for applying for a new online term plan, renewing an existing plan and for beneficiaries to claim death benefits. The processing time is also shorter, with lesser possibility of human error.

A Traditional Participating Whole Life Insurance Plan

In your journey through life, you plan and save for your child’s education, marriage, your retirement, etc. but what about creating a legacy for your loved ones after you.
To cater to this unique need, we have introduced Max Life Whole Life Super, a life insurance plan in which you pay premiums only for a limited number of years and enjoy protection up to the age of 100 years. With the power of bonuses, life cover continues to increase as your age increases. In case of your death, your family will get a comprehensive death benefit that will take care of all the financial needs and provide a legacy for your family.
Additionally, this plan also provides the flexibility to withdraw money from your policy to support major or minor events without having to surrender your policy.

Key Benefits and Features

1. Protection till age 100 years

The plan offers you guaranteed protection for life insurance till age 100 years, which continues to grow through bonuses. On attainment of age 100 years, this plan gives you 100% of Guaranteed Maturity Sum Assured along with Accrued Paid Up Additions (if any) and Terminal Bonus (if any).

2. Flexible premium payment terms

The plan offers you flexibility to choose your premium payment terms that suits your requirement. You can choose either 10, 15 or 20 years as your premium payment term, depending on your financial goals.

3. Flexible Bonus Options

The plan offers the flexibility to choose among the following bonus options basis your need:

  1. Paid in Cash – Bonus declared is paid to you in cash
  2. Premium Offset – Bonus declared is used to offset future premiums payable by you
  3. Paid Up Additions – Bonus declared is used to purchase additional sum assured that helps you boost the maturity value through power of compounding.

4. Flexibility to withdraw money to meet any of your Life’s milestones

You have the flexibility to withdraw the accumulated bonuses (cash value of Paid up Additions) in case of any need*
*This is applicable if the bonus option chosen is Paid Up Additions (PUA).

Maturity Benefit

On maturity, that is, policy anniversary coinciding with or immediately following Life Insured’s 100th birthday, the following benefit will be paid:
i. Guaranteed Maturity Sum Assured, plus

ii. Accrued Paid Up Additions (if any), plus

iii. Terminal Bonus (if any)

Death Benefit:

On death during the term of the policy, the following benefits will be paid:

  • Guaranteed Death Benefit, plus
  • Accrued Paid Up Additions (if any), plus
  • Terminal Bonus (if any)
  • Guaranteed Death Benefit is defined as higher of:
    • 11 times the annualised premium#,
    • 105% of all premiums paid by Policyholder as on the date of death of the life insured,
    • Guaranteed Maturity Sum Assured chosen by the Policyholder at policy inception
  • The policy will terminate in case of the death of the life insured.

#Annualised Premium includes extra premium (if any) but excludes service tax, education cess and any loadings for modal premiums and remains same irrespective of the premium payment mode.…

Why Concert Insurance Is Must for Any Music Promoter

Life on the road as a music promoter can be thrilling but as they say it is rife with challenges. This is perhaps the reason is why being a music promoter is one of the toughest jobs in the industry. You are responsible for the musicians, their instruments; the sound and lighting equipment used during the event and of course your fans. Be it a rock show or a classical event you can afford to take no chances while arranging an event and plan it out meticulously. But even the best of planning and arrangement may not be able to prevent an unfortunate event on the day of the show, prior to it or after it has been successfully organized. In such cases the only thing that you can turn to is your insurance plan. Concert insurance has become popular among all professional music promoters and there are many reasons you should invest in such a plan.

The Risk To Fans & Musicians

Irrespective of the size and scale of your event there is always an element of risk that the musicians and fans are exposed to. The temporary stage that you create for the concert may cave in and cause injury to the fans and those performing. A section of the crowd may turn violent or be overwhelmed leading to injuries. In all such cases without a concert insurance plan you would have to deal with third-party claims, settle medical bills, loss of wages and deal with other types of compensation. An insurance plan with liability coverage would shield you against such claims. They cover medical costs for all who have suffered injuries during your event or when the crew members are setting up or dismantling temporary structures erected for the event. These plans also cover any damage to the indoor or outdoor property while staging the event.

Damage To The Equipment

Like fans and musicians the equipment used during the event are also at great risk at various stages during the event. All the equipment has to be transported to the venue and from it before and after the event. There is also a process of loading and unloading equipment exposing them to the risk of breakage. Also there is the risk of the equipment suffering damage during violence or when there is any other kind of damage to the property during the event. A concert insurance plan would cover total or partial damage to the equipment and take care of the repair and replacement costs involved. They also take care of the damage and loss of equipment whether self-owned or rented when it is being transported from one location to another.
Concert insurance plans offer you the financial protection that you need while organizing events. They also take care of your needs in case of cancellation of events due to bad weather and other reasons. While choosing a plan make sure it covers risks which even have the remotest possibility of occurrence. They should offer you complete peace of mind and let you focus on making the event successful.…

Goldankauf: Most Profitable Business

Some of the most profitable financial sectors in the stock exchange are the investments that are made in the gold stock market. It is one of the most safe and constantly growing markets in the stock exchange. Now it is a superb time to make your investment in gold and assuring yourself a great future investment. There is a limit on the world’s supply of gold which is another reason why the gold market is one of the dependable ways to invest your money. The gold stock market can withstand damaging effects of inflation, and will be able to preserve its value and maintain your investment. Additionally you can invest in the gold stock market or choose to have gold bars obtained by the bank. Gold is a commodity that is diminishing in supply and resources; this is a factor in the constant rise of demand and stock prices.

What exactly is Goldankauf

If you are interested in buying or selling gold and silver coins or jewelry and looking for the proper website where you can place orders then goldankauf can be very useful to you. Goldankauf, Gold Verkaufen, Silberankauf is a very profitable business venture especially in Germany, Austria, Britain, Spain and Portugal. You can rely on some reputed business companies in Germany which deals with the purchase and sale of gold and silver jewels and coins.

When you compare the market price list of gold and silver from your local jeweler shop and some of these internationally reputed companies then you will find a great difference. Actually it so happens because the market price of gold and silver varies with different countries at different times. You will surely like to switch over all the Goldankauf, Gold verkaufen businesses to the European company. There are many online business stores which may be dealing with goldankauf and silberankauf but not all can be trusted to keep up their promises. This whole business runs on mutual trust and understanding.

Being an avid lover of gold or silver coins collection you may easily avail the service of the company to make purchases for new gold coins as this maintains fully fledged gold coins archives. The trust and reputation some of these German companies have built can be gauged by the fact that one company has made 15000 sales this year with no negative reviews. Therefore most of the customers on the global scale have reposed their faith or trust on this company and likes to sell their gold or silver jewelry to some reputed companies in Germany, Austria, and other parts of Europe.

If you are running a business dealing with the purchase and sale of gold, silver, platinum jewels then it would be best for you to first select the best buying or selling vendor and compare and contrast the service quality, the price they offer, the customers’ feedback and the methods adopted for carrying out their businesses. These European companies also make gold buying tours periodically in various cities of Germany such that no interested party is left out. This ultimately turns out to be a highly profitable venture for the companies which have the global competitive lead in purchase and sale of gold and silver jewels.…

US Pushing Back-up Plan Amidst Fear Of Default

A back-up plan hatched by the US Senate’s top leaders seems to be the prominent solution that will spare the country a pending default on August 2, Shaw Capital Management Online found out. This contingency measure by Democrat leader Harry Reid and Republican leader Mitch McConnell aims to ease the dilemma in the seemingly endless debate on increasing the country’s debt limit.

The US government hit their debt limit of $14.3 trillion in May and currently in danger of defaulting if the limit is not raised by August. This will result to higher interest rates for the public as well as on the borrowed money of the government. But for the new borrowing ceiling to last them until the end of next year, it should be raised by $2.4 trillion.

Warnings of possible downgrade have also been issued by various entities, including the Federal Reserve and JPMorgan Chase. Moody’s Investor service is also looking at a possible downgrade of the US bond rating while Standard and Poor’s stated that they will strip the US government of its AAA rating if the deal on raising the debt ceiling is not agreed on.

“Further delays in raising the debt ceiling could lead us to conclude that a default is more possible than we previously thought. If so, we could lower the long-term rating on U.S. government this month,” S&P said.

Republicans want any increase in the borrowing limit to come with an equal amount of spending reduction. On the other hand, Democrats and President Barrack Obama aims on having tax increases as part of a long-term deficit-cutting plan.

“United States is in a different position from other countries. This is not some fiscal reform programme that they have to put in place. This is just political machinations,” said Adrian Foster of Asia Pacific at Rabobank International in Hong Kong.

True enough, President Obama has been having problems with both parties; on one side are the Republicans who want to replace him and on the other are the Democrats who want to re-elect him. Bottomline: both parties seems to be using the issue to further their personal interests which ends up with the debate looking more like performances to impress the public.

Another idea that surfaced is that US might not have the problem of being under-taxed, but just spends way too much. And as SCM Online discovered, the Central Bank is not planning on any stimulus measure any time soon.

“There’s just too much at stake politically and economically for a deal not to get done,” says John Briggs, Treasury strategist at the Royal Bank of Scotland. “It seems hard to believe that any politician would want their name attached to a default of U.S. debt.”

Surprisingly, Wall Street seems to be complacent as the stocks and bonds have been showing only the slightest hint of being concerned.

“In financial markets, you’re playing with people’s confidence,” Sam Yake, a stock analyst, says. “If enough people start thinking it’s a catastrophe, it could become so.” The prospect of such terrible consequences may be exactly the reason investors aren’t all that worried.…