My Insurance Advisor

Can we travel into past? Obviuosly no. Then can we buy a policy with past date? Obiviously Yes. Most of the people do not know that there exists an option where they can pay for a policy today by keeping policy commencement date or start from the past till start of new financial year. This option is available in all LIC plans except term plan and annuity plans. Why is this needed? or what are the benefits? The premium on an insurance policy gets reduced by dating back the policy where age of the person insured is an year less. Eg. If a person with birth month November 1991 starts in march then his age is 30, if it is backdated to April then age is calculated as 29. And so premium is a little less comparitively. Maturity waiting period is an year less. Or early return on investment. Eg. If a person starts a policy for 25 years then maturity is after completing 25 years. On the other hand if it is backdated then maturity amount is received an year ealier i.e., after 24 years only.  C...

 It's all about Friday night 19 March 2021 at around 23.00 IST hours WhatsApp, Insta and FB were down for 35-40 min. People who are on Twitter reached Twitter to post the same. And some others reached Google to confirm the same. What does this teach us? Don't invest all your eggs in one basket😅  Keep using telegram or signal or Hike- Indian app also😎 In same way don't invest all your money in only shares or only real estate or only PPF or only LIC. Diversify them😎 Diversifying your investments helps you optimize your risk factors. If share market or real estate is down then only some part of your investment gets affected. All your remaining instruments remain at same levels. So your risk is minimised. For more details on how to diversify investments, do reach us by commenting below