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Historic LIC Bonus Rates

April 25, 2013 2 Comments

Sr.No	Valuation Year	Whole Life Plan	Endowment Plans
1.	1957	16	12.80
2	1959	16	12.80
3.	1961	16	12.80
4.	1963	17.50	14
5.	1965	20	16
6.	1967	20	16
7.	1969	22	17.60
8.	1971	22	17.60
9.	1973	22	17.60
10.	1975	22	17.60
11.	1977	25	20
12.	1979	31	24.80
13.	1981	35	28
14.	1983	42.5	34
15.	1985	55	44
16.	1986	65	52
17.	1987	72.50	58
18.	1988	77.50	62
19.	1989	80	64
20.	1990	82.50	66
21.	1991	84	67
22.	1992	84	67
23.	1993	84	67
24.	1994	84	67
25.	1995	86	69
26	1996	86	69
27.	1997	88	71
28	1998	91	71
29.	1999	91	71
30	2000	95	71
31	2001	80	71
32.	2002	80	65
33.	2003	80	58
34.	2004	80	51
35.	2005	71	45
36.	2006	66	40
37	2007	70	42
38.	2008	70	42
39	2009	70	42
40.	2010	70	42
41.	2011	70	42
42.	2012	70	42

Now go ahead and project the most likely returns on your insurance policies.

Filed under Paper Assets, Tool Kit Tagged with LIC bonus rates, life insurance policies, postaday, returns from your insurance policy

The ‘Modus Operandi’ of HSBC

April 2, 2013 Leave a comment

Normally I ignore anything to do with the IAC, AAP and Arvind Kejriwal but comments on the YouTube CobraPost Videos drawing parallels with HSBC got me googling to see what all the noise was about.

Following are the statements of three people who had opened accounts in Dubai, Zurich and Geneva with HSBC Bank,given when they were questioned under Section 132 (4)/133A of the Income Tax Act, 1961: Read more of this post

Filed under Paper Assets, Tool Kit Tagged with black money, Dubai, Geneva, hawala, HSBC, offshore bank, postaday, Swiss Bank, Zurich

Cobra Post Videos

April 1, 2013 Leave a comment

wealthymatters It took me a while to watch this series of videos from Aniruddha Bahal. If you are inclined to watch them,the links to the public videos are available below. But be warned that they get repetitive after a while.

So what do you think?Have you similar experience either as a customer,financial intermediary or banker? Read more of this post

Filed under Paper Assets, Theory, Tool Kit Tagged with Aniruddha Bahal, Axis Bank, black money, Cobrapost, HDFC Bank, ICICI Bank, Know your customer, Money laundering, postaday

So How Safe Are Bank Deposits?

March 23, 2013 4 Comments

wealthymatters

If you thought that by ensuring that you kept your money in scheduled banks only and in a way that the deposits were fully covered by deposit insurance, your money would be safe,think again.

Its not impossible that what is happening in Cyprus could happen to you too.You can catch up with the Cyprus story here:Link

Apparently this is not the first instance of a deposit levy.Here are some other examples:

1.In July 1992 Italy’s Socialist Prime Minister Giuliano Amato imposed a one-off levy of 0.6% on bank accounts.And again there are calls to repeat the action in Italy to tackle the national debt. Read more of this post