Whether a person needs life insurance at all or anything beyond term insurance is a moot point in personal finance.My personal stand is that it really depends.As with all things personal finance, personality,personal habits,age,health,job profile,risk profile,income profile,net worth,cash flow,tax issues,number of dependents,social obligations,extent of financial liabilities etc.go towards shaping the answer.For most people the proverb above sums the situation with life-insurance.
As of 15 May 2013,I am legally qualified to offer Life Insurance advice.Details:Here.Following is a list of what I can do for you:
1.Do a fact-find and determine the appropriate amount of life and health insurance cover you and your family need.So you can be sure that you are neither over nor under insured.The former is a waste of money and the latter is dangerous to your wealth building efforts.Your ideal life insurance cover is not a static figure and changes over time,so if its some time since your last assessment,feel free to take me up on this offer.
2.Help you understand insurance products.So if you have a particular insurance product in mind and want some professional advice on its merits and demerits,get in touch with me.Same goes for if you wish to compare 2 or more products.
3.I can suggest suitable products given your needs,age,risk,income and tax profile.
4.If you are struggling to pay premiums or suspect that you are paying for a lemon of a product and debating whether to continue,let me take a look at your case and give you advice on the best way forward.
5.I could help you raise money either via loans against your policy or help you sell them to raise cash.
6.I can help you with getting your policy assigned as surety.
7.I can help you make corrections and changes in your policy.
8.I can help set up convenient premium payment options.
9.I can assist you in making claims.
10. I can advice you on the best way to get your grievances settled whether they relate to nominations,assignments,surrender value,loans,maturity values,claims etc.
11.I can help set up policies as trusts under the Married Women’s Property Act,1874.This helps business people ring-fence personal assets.It also helps safeguard the interests of women and children in joint-families,in case of divorce and in reconstituted families.
12.I can help you create an estate for your handicapped dependents to ensure their well-being in your absence.
13.I can help creditors and guarantors secure their interests in loans
14.I can help businesses with partnership insurance, key-person insurance,group insurance and gratuity schemes.
15.I can help NGOs,societies,institutions,organizations and other groups of people access micro-insurance.
16.As part of retirement planning I can help you pick retirement plans and annuities.
17.I can offer advice with estate planning, inheritance planning and the creation of endowments.
18.I can help NRI’s and non-Indian nationals purchase life-insurance policies and annuities denominated in Indian Rupees and foreign currencies.I can also assist with the servicing of such policies and in claim settlement and grievance redressal. Similarly I can assist NRIs and Non-Indian nationals who wish to transfer their pensions to India.The returns from insurance policies offered in India are indeed very interesting.
19.I can advice on mortgage insurance.
20.I can suggest ways to get the most out of bonus and other wind-falls.
So do get in touch with me if you are in need.Be assured that the advice is free and comes with no strings attached.
I can be reached on+919920527208
My address is :11 Sagar Tarang
Khan Abdul Gafar Khan Road
Alternatively you can use the comment feature or reach me privately via the contact form.
Following is a list of links to posts dealing with life insurance.Perhaps some of your queries will be answered here.I will add to the list as and when time permits.
Historic LIC bonus Rates:Link
Human Life Value calculator:Link
Real Life Story:Link
Story About Endowments:Link
History Of Life Insurance In India:Link
The Difference between Life Insurance And Life Assurance:Link
List Of Insurance Companies In India:Link
Interest Rates Around The World:Link
10yr. Government Bond Rates Round The World:Link
Trade Related Information
Best way To Prepare for IC-33:Link