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Friday, November 16, 2007

PLan NAV

NAV'S AS ON DATE 15.11.2007 EFFECTIVE FOR 15.11.2007
BASIC UNIT VALUE NAV AS ON DATE REPURCHASE VALUE SALE VALUE
BIMA PLUS (140) DATE OF LAUNCH12.02.2001

SECURED FUND

10

23.6799

22.4959

23.6799

BALANCED FUND

10

30.8382

29.2963

30.8382

RISK FUND

10

44.7199

42.4839

44.7199

FUTURE PLUS (172) DATE OF LAUNCH 04.03.2005

BOND FUND

10

11.4129

11.4129

11.4129

INCOME FUND

10

13.7405

13.7405

13.7405

BALANCED FUND

10

14.6176

14.6176

14.6176

GROWTH FUND

10

18.4972

18.4972

18.4972

JEEVAN PLUS (173) DATE OF LAUNCH 18.10.2005

BOND FUND

10

10.5437

10.5437

10.5437

SECURED FUND

10

12.0292

12.0292

12.0292

BALANCED FUND

10

12.6066

12.6066

12.6066

GROWTH FUND

10

17.8319

17.8319

17.8319

MONEY PLUS (180) DATE OF LAUNCH 20.12.2006

BOND FUND

10

10.5306

10.5306

10.5306

SECURED FUND

10

11.3593

11.3593

11.3593

BALANCED FUND

10

11.4020

11.4020

11.4020

GROWTH FUND

10

11.9363

11.9363

11.9363

MARKET PLUS (181) DATE OF LAUNCH 05.07.2006

BOND FUND

10

11.3994

11.3994

11.3994

SECURED FUND

10

11.9554

11.9554

11.9554

BALANCED FUND

10

12.4850

12.4850

12.4850

GROWTH FUND

10

13.4963

13.4963

13.4963

FORTUNE PLUS (187) DATE OF LAUNCH 23.08.2007

BOND FUND

10

10.1333

10.1333

10.1333

SECURED FUND

10

10.2631

10.2631

10.2631

BALANCED FUND

10

10.7094

10.7094

10.7094

GROWTH FUND

10

10.7834

10.7834

10.7834

PROFIT PLUS (188) DATE OF LAUNCH 23.08.2007

BOND FUND

10

10.1096

10.1096

10.1096

SECURED FUND

10

10.0751

10.0751

10.0751

BALANCED FUND

10

10.1800

10.1800

10.1800

GROWTH FUND

10

10.8305

10.8305

10.8305

# Subject to Market risk ; Not guaranteed
# Past performance may not indicate future performance

LIFE INSURANCE CORPORATION OF INDIA (LICI) `Agent

LIFE INSURANCE CORPORATION OF INDIA (LICI) `Agent

Job Function : Sales/Business Development
Specialization : Direct/Commission Sales
Industry : Insurance
Qualification : School & Graduation - Any Graduate
Experience : 0 -5
Level : FULL OR PART TIME
Location : WEST BENGAL (Kolkata)
Key Skills : GOOD COMUNICATION, HIGH AMBITION, POSITIVE THINKING AND ATTITUDE
JOB DESCRIPTION :

CAN EARN RS 15000/- PER MONTH BYSALING AND MARKETING INSURANCE CONCEPT OF INDIA`S LARGEST LIFE INSURANCE COMPANY ie LIFE INSURANCE CORPORATION OF INDIA, THE ONLY GOVT INSURANCE COMPANY WITH GOVT ASUURANCE. LICI IS NO 1 MOST TRUSTED SERVICE BRAND OF TOP 50 COMPANY BY ECCONOMIC TIMES. ON SALE OF INSURANCE POLICIES AGENT`S COMMISSION UP TO 25% COMMISSION ON PREMIUM PLUS 40% BONUS ON PREMIUM. CAN EARN AT LEAST RS 15000/- MONTH WITH GRATUITY ,MEDICAL BENEFIT,PERSONAL LOAN, CAR, BIKE , HOME LOAN PAYABLE TO LICI AGENT. AND MANY MORE BENEFITS AVAILABLE. LICENCE ISSUED BY INSURANCE REGULARITY DEVELOPMENT AUTHORITY(IRDA) HOUSE WIFE, STUDENT,VRS, CA, SPOUSE OF GOVT EMPLOYEE CAN JOIN AS PART OR FULL TIME.

Life Insurance in India

I've been looking around to buy some life insurance: about time one thought of financial security for the family....

Here's what I need: insuring my family and perhaps me against loss of income. That includes any event that impacts my earning in my profession.


As I'm doing my research, I found some interesting points:

  • There is a huge variation in premiums between companies. For a 25 year term, 20 lakhs coverage at 30 years of age, it varies from Rs. 6000 to 12000! In this kind of business, why would anyone go for the higher premium? All companies are well established, and all have similar contracts. When asked this question, the costlier ones have little to say except the vague 'our service is better'. That means nothing: anyone can claim that!
  • The concept of disability insurance does not exist. When asked about that, people offer the ADD (accidental death and dismemberment), which hardly covers disability.
  • Riders: Generally, they offer three: ADD, critical illness, and WOP-(withdrawl of premium, I think). I don't quite understand any of them.
    • ADD: In this case, you get double the face amount in case you die in an accident. If the idea is to cover death which comes without warning, it probably makes sense. But I think they don't cover all such cases, for instance, terror attack or natural calamity. If that's the case, what's the point of buying a higher cover for accidental death?
    • ADD: Moreover, why not allow me the option of buying dismemberment insurance without being forced to buy accidental death as well?
    • critical illness: This one seems to have wandered into the wrong business. They pay out the cover if you suffer with a list of pre-defined illnesses. This includes non-systemic ones such as heart attack. You might not have lost your income. This sounds totally like a health insurance product! Actually, not even that - they are not covering treatment expenses: just paying out the cover!
    • WOP: Ensure that your cover remains if you stop paying premium. Now why would anyone need this? The only situation where you will stop paying premium is if your income stops. And if your income stops, life insurance is meaningless to you!
  • It is extremely difficult to get insurance agents to understand that I'm only interested in risk cover: they keep throwing investment cum insurance policies at you! Some even insist that in their plan, risk cover is 'free'!!! A lot claim that in a given investment plan, I would get minimum 10-12% returns. And the way they say it, one would reasonably assume that it is guaranteed return, and that's what they want you to assume. But mention that word, and the truth comes out.
All of these suggest to me that the insurance business in India has a lot of growing up to do - it is still very early days.

And I'm going to have to live with the risk of a long term disability...