Knowledge plus series i 021113
14
From Research Desk VALUE PLUS - The Family Office KNOWLEDGE PLUS For Wealth Plus+ 02 nd November 2013
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"Knowledge Plus for Wealth + " will give you the overview of the recent happenings in the financial market. Life Insurance is critical because your responsibilities as an income earner don’t end with you. You need to create safety net for your family which will help them to be financially secured in case of your absence. For this purpose, Life Insurance is the best financial tool. In this issue, we will cover: - Latest Happenings in the Financial Markets - Introduction To Life Insurance - Understanding Need of Life Insurance - Factors to consider for taking Adequate Cover - Types of Life Insurance - Conclusion Kindly Download the details from following Link: http://www.youtube.com/watch?v=lZkNcASkRx4&feature=youtu.be Kindly share your valuable feedback at [email protected] to help us serve you better.
Transcript of Knowledge plus series i 021113
FromResearch Desk
VALUE PLUS - The Family Office
KNOWLEDGE PLUSFor Wealth
Plus+
02nd November 2013
Hot Topic Of The WeekHot Topic Of The Week
Life Insurance – Creating Safety Net for Your
Family
Knowledge Plus for Wealth +
• SENSEX was up by 513 points (+2.48) and closed to 21196 at end of the week.
• (FIIs) remained net buyers in equity with net inflow of Rs. 5378.90 crore and net sellers in debt segment with net outflow of Rs. 1919.1 crore.
News Impact
• Core industries, (which include coal, natural gas, refinery products and crude oil, with a weight of about 38% in the Index of Industrial Production (IIP)) grew at a year high of 8% in September against 3.7% growth in August 13.
• Positive impact on IIP number• Sentiment may turn positive for economy
growth• Import of energy products may reduce.
• RBI announced 1)Hike Repo rate by 25 bps, 2)Reduce MSF rate and bank rate by 25 bps,3)Increase short term liquidity for banks
• Null impact on 10 year G-sec yield.• Short term cost of borrowing will decrease• Positive for banking sector.
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Last week at the Financial Markets!!!
Last week at the Financial Markets!!!Price Performance of Different Asset Class
Knowledge Plus for Wealth +
Post event (RBI and FED meeting) adjustment was seen in financial market.
Next Week in the Financial Markets...?
• HSBC Service PMI will be released on November 5th, 2013.
• Cement dispatch data number will be released in next week.
Knowledge Plus for Wealth +
Hot Topic Of The WeekHot Topic Of The Week
Life Insurance – Creating Safety Net for Your
Family
Knowledge Plus for Wealth +
• Life Insurance is critical because your responsibilities as an income earner don’t end with you.
• When your family members/dependants depend on you financially, it is imperative for you to buy life insurance and ensure a financially secure future for your dependants.
• Life Insurance is best instrument to provide same lifestyle to family by providing eternal legacy.
Introduction
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• As life insurance provides protection for uncertainties of life, it will bring you and your family peace of mind.
• This also helps to add more financial security to your family as well as leave an inheritance.
• It can assist in supplementing your retirement by making sure your retirement savings lasts as long as you do.
• It can safeguard business from financial loss, liabilities or instability in the case of the death of business partner/owner.
Why Life Insurance?
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• Insurance Cover must change with change in following factors:
– Change in Income
– Change in Spending Habits/ Life style
– Changes in Liabilities like Housing Loan
– Changes in Goals like Child’s Education, Marriage
Factors to be considered
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• Term Insurance– It is a pure risk cover policy that protects the insured for specific period
of time.
– In case the insured survives the specific period, the premium paid are not returned back.
• Unit Linked Insurance Plans– They are market linked insurance products that provide combination of
life cover and wealth creation options.
– It involves high cost due to various charges like premium allocation charges, administration charges and fund management charges.
Types of Life Insurance
Knowledge Plus for Wealth +
• Endowment Plans– It is combination of risk cover with financial savings.
– Policy holder benefits in two ways from a Pure Endowment Plan. In case of death during the tenure, the beneficiary gets the sum assured.
If the individual survives the policy tenure, he gets back the premium paid with other investment returns and benefits like bonuses.
– Other variant is Whole Life Policy in which cover is provided throughout his life term.
– Other endowment plan is Money Back Policy where it gives periodic payments during the term of policy. In other words, a portion of the sum assured is paid out at regular intervals.
Types of Life Insurance
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• In the next quarter, Insurance industry may come with unique products and unique concepts.
Way Ahead
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• Different plans are suitable for different people.
• The selection of the plan is to be done taking into consideration your income, spending habits/lifestyle, liabilities, past investments and such other factors.
• For this purpose, you need an unbiased advice of expert.
Conclusion
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THANK YOU
Research Desk@
VALUE PLUS - The Family Office
Office: (0265 -2324600,6629800)Email: [email protected]: www.valueplusinv.com
Knowledge Plus for Wealth +
