Commission Derive the Sales – How Agents push you the insurance plans? 2

Agents push endowment and money back plans, which  fetch them higher commissions even though the returns are very low. See the below list to be prepare while taking any life insurance plans: Pure term Plans: Best form of insurance but projected as a waste of money. Ulip: No longer favorite because of the low commissions. ...

What will change for Life Insurance Policies from 1 January in LIC

Agents are spreading the rumors to generate more sales before 1 January 2013. but in actually Insurance Policies will become more customer Friendly after 31 December. Below are some changes: High Surrender Value: Till now if you cancelled a policy prematurely, the surrender value was calculated without taking into account the first years premium. the ...

Comparision of Jeevan Sugam with Bank FD 1

COMPARISION OF JEEVAN SUGAM WITH BANK FD STATE BANK FD FOR 10 YEARS  DEP AMT RATE OF INT ACCRUED INT MAT AMT 110162 8.5 9364 119526 119526 8.5 10160 129685 129685 8.5 11023 140709 140709 8.5 11960 152669 152669 8.5 12977 165646 165646 8.5 14080 179726 179726 8.5 15277 195002 195002 8.5 16575 211578 211578 ...