About Life insurance in india

Life insurance in India made its debut well over 100 years ago.In our country, which is one of the most populated in the world, the prominence of insurance is not as widely understood, as it ought to be. What follows is an attempt to acquaint readers with some of the concepts of life insurance, with special reference to LIC.It should, however, be clearly understood that the following content is by no means an exhaustive description of the terms and conditions of an LIC policy or its benefits or privileges.For more details, please contact our branch or divisional office. Any LIC Agent will be glad to help you choose the life insurance plan to meet your needs and render policy servicing.

What Is Life Insurance?

Life insurance is a contract that pledges payment of an amount to the person assured (or his nominee) on the happening of the event insured against.The contract is valid for payment of the insured amount during:
The date of maturity, or
Specified dates at periodic intervals, or
Unfortunate death, if it occurs earlier.
Among other things, the contract also provides for the payment of premium periodically to the Corporation by the policyholder. Life insurance is universally acknowledged to be an institution, which eliminates 'risk', substituting certainty for uncertainty and comes to the timely aid of the family in the unfortunate event of death of the breadwinner. By and large, life insurance is civilisation's partial solution to the problems caused by death. Life insurance, in short, is concerned with two hazards that stand across the life-path of every person:
That of dying prematurely leaving a dependent family to fend for itself.
That of living till old age without visible means of support.

Life Insurance Vs. Other Savings

Contract Of Insurance:
A contract of insurance is a contract of utmost good faith technically known as uberrima fides. The doctrine of disclosing all material facts is embodied in this important principle, which applies to all forms of insurance.At the time of taking a policy, policyholder should ensure that all questions in the proposal form are correctly answered. Any misrepresentation, non-disclosure or fraud in any document leading to the acceptance of the risk would render the insurance contract null and void.

Protection:
Savings through life insurance guarantee full protection against risk of death of the saver. Also, in case of demise, life insurance assures payment of the entire amount assured (with bonuses wherever applicable) whereas in other savings schemes, only the amount saved (with interest) is payable.

Aid To Thrift:
Life insurance encourages 'thrift'. It allows long-term savings since payments can be made effortlessly because of the 'easy instalment' facility built into the scheme. (Premium payment for insurance is either monthly, quarterly, half yearly or yearly). For example: The Salary Saving Scheme popularly known as SSS, provides a convenient method of paying premium each month by deduction from one's salary. In this case the employer directly pays the deducted premium to LIC. The Salary Saving Scheme is ideal for any institution or establishment subject to specified terms and conditions.

Liquidity:
In case of insurance, it is easy to acquire loans on the sole security of any policy that has acquired loan value. Besides, a life insurance policy is also generally accepted as security, even for a commercial loan.

Tax Relief:
Life Insurance is the best way to enjoy tax deductions on income tax and wealth tax. This is available for amounts paid by way of premium for life insurance subject to income tax rates in force. Assessees can also avail of provisions in the law for tax relief. In such cases the assured in effect pays a lower premium for insurance than otherwise.

Money When You Need It:
A policy that has a suitable insurance plan or a combination of different plans can be effectively used to meet certain monetary needs that may arise from time-to-time. Children's education, start-in-life or marriage provision or even periodical needs for cash over a stretch of time can be less stressful with the help of these policies. Alternatively, policy money can be made available at the time of one's retirement from service and used for any specific purpose, such as, purchase of a house or for other investments. Also, loans are granted to policyholders for house building or for purchase of flats (subject to certain conditions).

Who Can Buy A Policy?

Any person who has attained majority and is eligible to enter into a valid contract can insure himself/herself and those in whom he/she has insurable interest.

Policies can also be taken, subject to certain conditions, on the life of one's spouse or children. While underwriting proposals, certain factors such as the policyholder’s state of health, the proponent's income and other relevant factors are considered by the Corporation.

Insurance For Women

Prior to nationalisation (1956), many private insurance companies would offer insurance to female lives with some extra premium or on restrictive conditions. However, after nationalisation of life insurance, the terms under which life insurance is granted to female lives have been reviewed from time-to-time.

At present, women who work and earn an income are treated at par with men. In other cases, a restrictive clause is imposed, only if the age of the female is up to 30 years and if she does not have an income attracting Income Tax.

Medical And Non-Medical Schemes

Life insurance is normally offered after a medical examination of the life to be assured. However, to facilitate greater spread of insurance and also to avoid inconvenience, LIC has been extending insurance cover without any medical examination, subject to certain conditions.

With Profit And Without Profit Plans

An insurance policy can be 'with' or 'without' profit. In the former, bonuses disclosed, if any, after periodical valuations are allotted to the policy and are payable along with the contracted amount.In 'without' profit plan the contracted amount is paid without any addition. The premium rate charged for a 'with' profit policy is therefore higher than for a 'without' profit policy.

Keyman Insurance

Keyman insurance is taken by a business firm on the life of key employee(s) to protect the firm against financial losses, which may occur due to the premature demise of the Keyman.

Source:- LIC of India

True love, passion does last a lifetime

True love, passion does last a lifetime, says study

True love and passion is hardly ever dented by ravages of age, says a new study based on brain scans.

Brain scans of couples who have been together for 20 years prove that they are really capable of loving each other with the same intensity and passion as they felt in their initial relationship, until their last breath.

These scans showed that a tenth of them showed a burst of pleasure-boosting dopamine while looking at the photos of their loved ones, the same chemical reaction that young couples exhibit in the first flush of lust.

It contradicts a previous study suggesting that passionate love peters out in 15 months, after going through a roller coaster ride, called 'limerence' in psychological parlance.

Stony Brook University (SBU) researchers who conducted the latest study said that when limerence matures, it permits couples to enjoy 'intensive companionship and sexual liveliness'. Simply stated, they are able to sustain the same level of romance and passion decades later. Researchers concentrated on factors like passion, romantic love and lust. They nicknamed such couples 'swans' because swans, voles and grey foxes stay paired for a lifetime.

'The findings go against the traditional view of romance - that it drops off sharply in the first decade - but we are sure it's real,' said Arthur Aron, SBU psychologist.
Source:- Yahoo.com

I didn't drink

I went to a party Mom,
I remembered what you said.
You told me not to drink, Mom
So I drank soda instead.

I really felt proud inside, Mom,
The way you said I would.
I didn't drink and drive, Mom,
Even though the others said I should.

I know I did the right thing, Mom,
I know you are always right.
Now the party is finally ending, Mom,
As everyone is driving out of sight.

As I got into my car, Mom,
I knew I'd get home in one piece.
Because of the way you raised me,
So responsible and sweet.


I started to drive away, Mom,
But as I pulled out into the road,
The other car didn't see me, Mom,
And hit me like a load.

As I lay there on the pavement, Mom,
I hear the policeman say,
"The other guy is drunk," Mom,
And now I'm the one who will pay.

I'm lying here dying, Mom....
I wish you'd get here soon.
How could this happen to me, Mom?
My life just burst like a balloon.

There is blood all around me, Mom,
And most of it is mine.
I hear the medic say, Mom,
I'll die in a short time.

I just wanted to tell you, Mom,
I swear I didn't drink.
It was the others, Mom.
The others didn't think.

He was probably at the same party as I.
The only difference is, he drank
And I will die.
Why do people drink, Mom?
It can ruin your whole life.
I'm feeling sharp pains now.
Pains just like a knife.

The guy who hit me is walking, Mom,
And I don't think it's fair.
I'm lying here dying
And all he can do is stare.

Tell my brother not to cry, Mom.
Tell Daddy to be brave.
And when I go to heaven, Mom,
Put "Daddy's Girl" on my grave.

Someone should have told him, Mom,
Not to drink and drive.
If only they had told him, Mom,
I would still be alive.

My breath is getting shorter, Mom.
I'm becoming very scared.
Please don't cry for me, Mom.
When I needed you, you were always there.

I have one last question, Mom.
Before I say good bye.
I didn't drink and drive,
So why am I the one to die?

Someone took the effort to write this poem.

Source-Chain Mails

Art Of Living Center - Pune center

Art Of Living Centers -- India

Pune

Address:
405, City Centre, Opp. Ayurved Ras Shala
Karve Road
Pune, Maharashtra 411004
Phone:
020 - 5411851, 5411832

Art of living

http://www.artofliving.org/Knowledge/tabid/174/Default.aspx

l o v e

its very difficult to define love.... After all love starts from heart .....one nice mail i got which is below one......


SEVENTEEN:
U LOOK AT THEIR PROFILE/PICTURE CONSTANTLY



SIXTEEN:
WHEN YOUR ON THE PHONE WITH THEM LATE AT NIGHT AND THEY HANG UP, YOU STILL MISS THEM EVEN WHEN IT WAS JUST TWO MINUTES AGO.



FIFTEEN:
YOU READ THEIR TEXTS or IMS OVER AND OVER AGAIN.



FOURTEEN:
YOU WALK REALLY SLOW WHEN YOU'RE WITH THEM



THIRTEEN:
YOU FEEL SHY WHENEVER YOU'RE/THEY'RE AROUND.



ELEVEN:
WHEN YOU THINK ABOUT THEM, YOUR HEART BEATS FASTER AND SLOWER AT THE SAME TIME



TEN:
YOU SMILE WHEN YOU HEAR THEIR VOICE.



NINE:
WHEN YOU lOOK AT THEM, YOU CAN'T SEE THE OTHER PEOPLE AROUND YOU, All YOU SEE IS HIM//HER.



EIGHT:
YOU START LISTENING TO SLOW SONGS, WHILE THINKING OF THEM



SEVEN:
THEY'RE ALL YOU THINK ABOUT.



SIX:
YOU GET HIGH JUST FROM THEIR SCENT.



FIVE:
YOU REALlIZE THAT YOU'RE AlWAYS SMILING TO YOURSELF WHEN YOU THINK ABOUT THEM.



FOUR:
YOU WOULD DO ANYTHING FOR THEM, OR ANYTHING TO SEE THEM.



THREE:
WHILE READING THIS, THERE WAS ONE PERSON ON YOUR MIND THE WHOLE TIME...



TWO:
YOU WERE SO BUSY THINKING ABOUT THAT PERSON, YOU DIDN'T NOTICE NUMBER TWELVE.



ONE:
YOU JUST SCROLLED UP TO CHECK & ARE NOW SILENTLY LAUGHING AT YOURSELF.


NOW MAKE A WiSH. YOU KNOW YOU WANT TO.......




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IF YOU DIDN'T NOTICE NUMBER 12, POST THIS AS: "17 signs of falling in LOVE."
*AND SOMETHING GOOD WILL HAPPEN TO YOU TONIGHT

My life

there is no life beyond you
because you are the life

there is no future without you
because you are the present
and without present future can't arrive

without heart breath is not required
If a soul leaves me
then there is no reason to have a life without soul.

i would wait for my soul

From emptiness to fulfillment
K VIJAYARAGHAVAN

John Whittier, the 19th century Quaker poet observed in his Maud Muller, “For all sad words of tongue or pen,/ The saddest are these: It might have been.” Indeed the creative fire that burns, albeit in varying degrees in all humans, is not allowed to manifest in most cases. This results in frustration, self pity, repentance and anger, leading to low self-esteem and regrets for what “could have been” — for not having obtained those acquisitions and virtues which could have led one on. Adi Sankaracharya in his Bhaja Govindam (Verse 7) notes: “Childhood is spent in play, youth in attachment to women and old age in repentance, with no time left for devotion to the sublime.” In fact, the philosophy of enlightened selfishness, as propounded among others by Ayn Rand, observes that fulfilment can best be found in those pursuits which are aimed primarily at obtaining happiness for oneself. A deeper insight on this issue would reveal that true peace can also be obtained through activities which are aimed at uplifting society. Indeed a life dedicated to the welfare of others is a truly worthy life! During recapitulation in the evening of one’s life, if one were to feel that he has contributed his mite in this regard, this feeling would by itself serve to erase any regrets that may still linger.

It is in the above spirit that John Wesley wrote, “Do all the good you can,/In all the ways you can,/In all the places you can,/At all times you can,/To all the people you can,/As long as ever you can.” (Rules of Conduct). Valluvar, the great Tamil saint also observes (Kural 36) that one should not postpone virtuous deeds, as these alone would befriend one always, even after death. Even those who may feel empty within can take heart from these lines of F P Adams’, “And of all words of prose and rhyme,/The gladdest are: Act while there yet is time”. In fact, it is never too late for an aspiring soul. Clarity and effectiveness can be attained through proven methods of cleansing oneself of various afflictions and stresses which retard one’s natural progress. Arriving at this happy state of affairs, one can make up for the apparent drift or waste of time and also accomplish much in lesser time through effective time management and focus. The vast world of immense goodness and accomplishment indeed waits, inviting to be explored, to translate one’s dreams into reality!

Smile

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