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Making Your Life Thought By Thought,Choice By Choice

May 23, 2013 1 Comment

wealthymatters

Filed under Theory, Tool Kit Tagged with designing your life, Oprah Winfrey, Oprah Winfrey quote, postaday, the importance of your choices, the importance of your thoughts

History of Life Insurance In India

May 23, 2013 2 Comments

wealthymatters Indians have been a prudent lot for millenia and risk mitigation has taxed the Indian mind from ancient times. The works of Manu ( Manusmrithi ), Yagnavalkya (Dharmasastra ) and Kautilya ( Arthasastra ) talk about the pooling of resources that could be re-distributed in times of calamities such as fire, floods, epidemics and famine. This is a pre-cursor to modern day insurance which is based on the law of large numbers and pooling of risk.

Life insurance in modern India evolved by drawing heavily from developments in other countries,especially England.

In 1818 the Oriental Life Insurance Company was established by Europeans in Calcutta. However,the company was short-lived and by 1834 the company had failed.Then in 1829, the Madras Equitable begun transacting life insurance business in the Madras Presidency. Read more of this post

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Interest Rates Around The World

May 23, 2013 2 Comments

wealthymatters.com

Have you ever wondered how local interest rates compare to those abroad?Here is the link to satisfy your curiosity.

Filed under Paper Assets, Tool Kit Tagged with interest rates, interest rates abroad, interest rates around the world, interest rates worldwide, postaday

The Difference Between Life Insurance And Life Assurance

May 21, 2013 2 Comments

The average person thinks that Life Insurance and Life Assurance are different names for the same thing. Many financial commentators too fail to note the difference.Life Insurance and Life Assurance perform different financial roles and are poles apart in cost – so it helps to buy the correct product.

Life Insurance provides you with insurance cover for a specific period of time (known as the policy’s “term”). Then, if you were to die whilst the policy is in force, the insurance company pays out a tax-free sum. If you survive to the end of the term, the policy is finished and has no residual value whatsoever. It only has a value if there is a claim – in that context it’s just like your car insurance!So Term Insurance is a Life Insurance product. Read more of this post

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Clues To Your Wealth In Your Palm

May 21, 2013 2 Comments

Given the unexpected popularity of my last post on palmistry,here’s more information along similar lines.Enjoy!But don’t forget smart work to ensure success!