These are the most recent 10 blog posts mentioning Andrea King in JacketFlap's Children's Publishing Blog Reader
Andrea King is a published author. A published credit of Andrea King is If I'm Jewish and You're Christian, What Are the Kids?: A Parenting Guide for Interfaith Families.
These are the most recent 10 blog posts mentioning Marina Khidekel in JacketFlap's Children's Publishing Blog Reader
Marina Khidekel is a published author of young adult books. A published credit of Marina Khidekel is The Quiz Life.
I have a TOTAL stock corpus of 20 lakhs with 10 lakh profit. I wanted to convert stocks to land. What should I do to make capital-gain tax as zero if I sell the total stocks?
One reply on this article “Can I buy plot from the money got by selling stocks to avoid capital gains tax ?”	
In case your profit from stock is short term (with investment less than 1 year) than you have to pay tax at a flat rate of 15.45% on profit booked. If it is long term (if invested for more than 12 months), the whole profit made is tax free.
My name is Ajay. I have taken LIC JEEVAN SARAL policy of 60000 P.A which is with yearly payment mode. Since Agent was our relative we blindly believed what he said at that time.
He never mentioned that Premium amount is too high. Also He miss guided us about the Maturity amount and policy surrender.
I have already paid 3 premium i.e. 180000 Rupees. Now I want to close this LIC can you tell me how much Money I will get back ? If it is only 30% then should I pay one more premium i.e. 4th and then should go for closing this LIC as it will give me 90% of my amount paid.
Can I close my LIC immediately after paying my 4th premium or I have to wait for entire year to get 4th year complete.
4 replies on this article “Can I pay one more premium in LIC Jeevan Saral and get 90% money back ?”	
In Para No 7 with title ‘Surrender Value’ Following things have been mentioned which I am writing as it is.
The policy can be surrendered after it has been in force for at least 3 full years.The surrender value wil be the greater of the Guaranteed Surrender Value (GSV) or Special Surrender value (SSV) as given below.
GSV: The GSV will equal to 30% of the total amount of premiums paid excluding premium for the first year and all the extra premiums and premium for accident benefit/term riders.
SSV: The special surrender value under the policy shall be paid as the sum of (A) and (B) given under:
80% of maturity sum assured if less thean 4 years premiums have been paid , 90% of the maturity sum assured, if 4 or more years but less the 5 years premiums have been paid and 100 % of the maturity sum assured, if 5 or more years premiums have been paid.The maturity sum assured for this para will be maturity sum assured corresonding to the term for which premiums ahve been paid under the policy. if the premiums have been paid for a fraction of a year, the maturity sum aassured shall be worked out by way of mathmatial iterpolation.
B) The loyalty addition, if any, as anounced while declaring the result of the corporations valuation as at 31st march, immediatel;y preceding the date of surrender.
Dear Ashok, please continue the policy to keep your relationship intact. No need to cry here. Relationship is more important than losing few lakhs rupees.
Please do not pay any more prem. Purchase adequate term cover. Surrender the policy and invest the surrender value as future prem. in pure investment instruments.
There is a proposal to amend the Insurance Act 1938 and one of the amendments is regarding Sec 45 which is now proposed that “The period during which a policy can be repudiated on any ground, including misstatement of facts etc. has been confined to three years from the commencement of the policy and thus no policy would be called in question on ground of misstatement after three years.”
Which means that whatever may be the reason, your claim cannot be repudiated on any grounds once the policy is older than 3 years including fraud and mis statements. Am i correct on this
Also if the bill gets passed in the parliament will it be applicable to only those policies taken after the bill is passed or to all existing polices which were in force at the time of passing the bill
(I have a Term policy with LIC taken four years ago and i am not sure that if the agent has filled the details correctly)
Dear Sandeep, you may demand the copy of the proposal form from LIC to save your family from the things you are have in your mind (dirty work done by agent) as of now.
As we sign on the proposal form, agent is not responsible for the same. We only are responsible for the non-disclosures or misrepresentations, if any. Isn’t all?
Absolutely right, but sometimes many of us don’t understand the importance of filling the form ourselves and the agent does all the goof up. In my case i had disclosed all the related information but i am not sure the agent has filled the form correctly.
I think this amendment will be a great Savior for honest people who had no bad intentions while taking an insurance.
My wife was missold a HDFC Standard Life (HDFCSL) policy through HDFC Bank under which Rs. 25,000/- was annual premium, in Dec 2008. The bank and HDFCSL have not agreed that they have missold the policy and have refused to refund premium. Since then no premium has been paid.
Now I am receiving calls from IRDA Insurance Helpline (this is how they are introducing themselves) under which if I invest Rs. 24,000/- annually as premium for a minimum of three years or Rs. 50,000/- lump sum premium in another policy in another Insurance Company, my wife will get back a sum of Rs. 31,350/- or so on the lapsed policy within a period of 70-75 days. The new policy will be in another insurance company which could be Reliance, Tata AIG, KotaK Mahindra etc. The new policy can be surrendered after five/three years at the surrendered value.
Is there any such scheme by IRDA where I can receive back the premium paid on my lapsed policy if I invest in another new policy for 3/5 years?
Last week, there was an advertisement placed by the insurance regulator IRDA in newspapers. The ad had an illustration of what looked like the comic character Superman holding up a sign that said ‘BEWARE!!’. The ad carries the following warning, “There are certain fraudulent phone calls by persons claiming to be employees of IRDA, trying to sell insurance policies.” It went on to warn readers that IRDA does not sell insurance and advises them to report the matter to the nearest police station if they got such a phone call. The ad did not ask victims to report the matter either to IRDA or to the insurance company whose products are being sold in this manner.
This ad demonstrates, in no uncertain terms, the level to which the selling of financial products has descended. This isn’t mere mis-selling, as it’s called. It’s outright criminality, involving what amounts to impersonation of a government official. As such, it is a matter that should theoretically be reported to the police. However, I believe that this not just a matter that can be dismissed as concerning no one but the victim and the local police thana.
It’s important to note that the final goal of this criminal activity is to sell a legitimate and regulated financial product, namely insurance. The goal of this criminal impersonation is not to break into your house and rob you at gunpoint, but to conduct a transaction which will add to the business of companies licensed by IRDA to provide insurance to the citizens of India.
Let’s not pretend that asking victims to go to cops is a solution. Every practical-minded Indian can see that only a minuscule proportion (if any) of such phone calls are going to be reported to the police. Either you are going to fall for the story, or you are going to ignore the phone call.
In effect, the advice given in IRDA’s ad will hide the extent to which this ‘sales channel’ is being used by those in the insurance business. I find it nothing short of amazing that the IRDA has no interest in following up (or even having the basic information) of incidents where its own name is being used to conduct fraud.
FundSuperMart is just another online brocker like FundsIndia. I want to know how reliable it is. Kindly share you experience with FundSuperMart.
Dear Sylvestor, it’s a personal call to opt fundsindia, fundsupermart or moneysights. Each one of these has it’s own plus points. Chose the one which fulfills your requirements.
The edge with Fundsupermart is that they have their own in-house research and investment support as well. Would agree with Manish that they are one of the early players in online mutual funds investing. Also they have more options of Fund houses and banks available with them. Would suggest you to use the respective online chats and understand their offerings before taking decision 🙂
Fundssupermart is one of the early players in online mutual funds investing , I have met the MD of the company 1-2 times . The company has reach in 4 asian countries and if you know they have ifast platform too . So I think you can go with them . the only thing is you dont see their name and discussion as much as fundsindia has . I would say you can go with fundsindia for online investing in mutual funds . Moneysights is another new option