fORTUNE lOGO

Insurance

Life Insurance

Insurance provides financial protection against a loss arising out of happening of an uncertain event. A person can avail this protection by paying premium to an insurance company. A pool is created through contributions made by persons seeking to protect themselves from common risk. Premium is collected by insurance companies which also act as trustee to the pool. Any loss to the insured in case of happening of an uncertain event is paid out of this pool.Insurance works on the basic principle of risk-sharing. A great advantage of insurance is that it spreads the risk of a few people over a large group of people exposed to risk of similar type.

Types of Contract/ Insurance Term Nature/ Risk Returns Benefits of sec 10(10)D and sec 80C
Whole Life Plan, Traditional 90 Days -100 yrs Low-Medium 6%-8% YES
Term Insurance 90 Days-80Yrs No Risk No(zero) YES
Endowment Money Back(Children Higher Education, Retirement, Marriage) 90 Days-70Yrs Low-Medium 6%-10% YES
Endowment ULIP Investment Equity Oriented Endowment plans 90 Days-80Yrs Medium-High 6%-20% YES

Companies associated with:

  • Max Life Insurance (www.maxlifeinsurance.com)
  • Life Insurance Corporation (LIC) (www.licindia.in)

Services We Offer

  • 1 Insurance
  • 2 Mutual Funds
  • 3 Financial Planning
  • 4 Portfolio Management
  • 5 15 EC Bonds
  • 6 Income Tax Filing
  • 7 PAN Card services
  • 8 Stocks and Shares
  • 9 Retirement Plans
  • 10 Virtual Real Estate
  • 11 Gated Community Plots
  • 12 Portfolio Management
  • 13 15 EC Bonds
  • 14 Income Tax Filing
  • 15 PAN Card services
  • 16 Stocks and Shares
  • 17 Retirement Plans
  • 18 Virtual Real Estate
  • 19 Gated Community Plots

NEWS Updates

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Permanent Account Number (PAN) is a code that acts as identification for Indian nationals, especially those who pay Income Tax.The PAN is mandatory for a majority of financial transactions.

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KNOW YOUR CLIENT (KYC) and its importance with regards to Mutual fund investmentKYC is an acronym for “Know your Client”, a term commonly used for Client Identification Process.

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Madhusudhan Gad featured in the TOI as one of the top most Insurance Advisors for Max Newyork Life.

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Tools / Calculators

 

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