Simpli Finance

06/08/2023

22/03/2023

Hi Friends,
If you are running a business, you can take out life insurance for your employees just as you take out health insurance for them. There are two types of business insurance. 1. Key man insurance 2. Employee-employer insurance What is the difference between and how it works? Under "key man insurance, we can take out life insurance for the employee of the company who plays a major role in the business and whose absence may cause a loss to the organization. A term plan can be taken for the person, and the value of the cover can be three times the gross profit or five times the net profit of the average three-year return. It can also be 10 times the employee's annual package. The key person should not possess 51% or more of the company, or the key person and their family members should not own more than 70%. The premium paid can be taken as a business expense, which helps reduce the company's tax liability. In the event of the demise of the key man, the death benefit will be given to the company and will be taxable. and this money can be used for new remuneration, training, paying benefits to the employee's nominee, and other expenses. In addition, the employer's insurance company can take out life insurance for their employee. The premium paid will be taken as a business expense, and no tax will be charged to it. After a particular time period, i.e., 8–10 years, insurance cover is assigned to the employee, and at that time, he has to pay tax on its surrender value at that time. The maturity amount will be given to the employee, and it will be tax-free. The employee can also take the income tax rebate under 80 C if he is contributing to the premium. This life insurance provides a sense of confidence among the employees. They remain employed by the same company, so expenditures for the change of employee upon resignation and their training reduce. The company's work does not increase its productivity or profitability. So every organization should buy a life insurance plan under employee-employer life insurance for its growth and to reduce its tax liabilities. I hope this will give a good understanding of business life insurance.

02/12/2022

Hi Friends,

When we do our financial planning, we set goals for our children's education, their marriage, home and car purchases, and our own retirement, but have you thought about your parents, who are the pillars of our lives and have taken all the burden on their shoulders for our future and happiness? Our parents have invested all their hard-earned money in our education to build our careers. Previously, the pay packages for young people were not as good as they are now. So they could not save for themselves and think about their retirement. They cannot ask money from children due to shyness. If they were in a government job and getting a pension, then that is good; otherwise, we all know that in the private sector there is no pension or very little pension, which cannot be helpful for meeting their day-to-day expenditure. Also, if they are in business, they cannot work in the old days as they need rest, so if they meet all these requirements, there is a long term income plan in Edelwiess Tokio life insurance (E.t.life) that I thought could be helpful for making them financially free, and they can live their lives with dignity without asking money from their children; they will get a handsome amount every month in their bank account for 25 years. If you pay 2 lacs a year for 12 years, your parents will get 3 lacs (approximately)) a year for 25 years, and you will get your invested money back at the end of the term. Furthermore, if you are working abroad, you can also buy these plans. In the event of a casualty, the nominee will receive the sum assured, which will run concurrently. I am showing a chart according to age and PPT terms. This plan starts with a minimum investment of Rs 50 thousand, and you can invest as per your requirements.
Your parents will also feel proud of their children. This is a small token of love from a young professional to their parents. If you want to know more and require assistance, we are here to serve you.
I am associated with Edelweiss Tokio life insurance. For further information you can contact me at 9814744164

28/10/2022

28/10/2022

Hi Friends, I'm here.
Many of us look at insurance as an expense. It is an asset rather than an expense.
Who will cry when we die, and who, of course, will be most affected, whether or not we have provided funds for them? We should take such precautions that their lives and education are not disrupted. Have you purchased insurance? If so, it indicates that you are a caring individual; if not, you should purchase it immediately without further thought. In a crisis situation, close and dear ones give sympathy and not support. At that time, this insurance will provide us with financial safety and our family can live with dignity. If we have taken life and health insurance, it means we have parked the money in a locker that opens when we face any challenges in life. We think of a big house and a big car for ourselves. We should also think of using insurance as a protection tool. Even if one has ample money, he should also go for insurance because it saves his money and he can use his money for investment and earn more profit without disturbing his investment during a crisis situation. We are all equal, but some people make the best decisions for themselves and their families and never face financial difficulties. Life is a bubble, and nobody knows when it will break. We should buy these tools for their families. It works for us as a shield or guard, which protects our family in crisis situations. Nobody wants to be hospitalised, Everybody thinks that I am safe because I am a healthy person and it will not happen to me Life and health insurance protect our finances and give us financial support and freedom. How it helps: When anyone faces life and health issues, then three things happen: Firstly, their job or business stops, and there is no cash flow Second, he or she is in physical pain, and third, he or she must arrange for medical treatment. If he does, it is a good thing; otherwise, he always regrets that if he had money right now, he could have saved his family. When driving a car or bike, we wear our seat belt and helmet. We wear these for our own safety, so that if an accident occurs, we will be as unaffected as possible. Similarly, life and health insurance work. We are providing awareness among the people because sometimes they don’t know all the benefits or functions. Sometimes we do not listen to advisors because we think that they have their own interests, so they are advising, but the product or service they are explaining might be worthwhile and it may be valuable for you. To run any organization, some cost may be involved, but we have to check that we are getting the right value for the money that we are investing. Ask the advisor to show you all the products and services they have and choose the right product that is most valuable for you. Compare these with the different companies and take the decision accordingly. If you want to know more, we are here to support you in the fields of finance, education, career, and business.
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04/10/2022

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27/09/2022

Premier guaranteed income plan
Contact us:- 9814744164

27/09/2022

Flexi Plan

27/09/2022

INSURANCE PROVIDES ASSURANCE

Hi Friends,
In the present scenario, uncertainty in life and health of a person leads to financial risk. It can be managed by hedging these risks by insuring ourselves and our families. Insurance provides us financial support during unfortunate incidents. One’s family becomes self-sufficient and lives life with dignity. We buy car insurance because it is mandatory but we avoid buying life insurance and health insurance which can protect our family by mitigating the financial risk. Life insurance for bread earners is needed and health insurance for families is required. There are two types of life insurance one Term insurance and other is the saving plans. Term insurance is pure insurance it has no saving element our family gets financial benefits in case of any casualty. It is a low-budget insurance plan we can get a term insurance plan ten times our annual income. Premium is not refunded in case of a term plan; there is a total return premium plan in term insurance. There is no interest given and also the premium amount is almost 70-80% higher. Guaranteed saving income plans can help us to meet the financial goals of life like children's education, marriage and retirement. We can take tax rebates under 80c and also the maturity benefits are tax-free. 24 companies are working in the life insurance field and these all are regulated by IRDAI. As all the banks are regulated by RBI, I am associated with Edelweiss Tokio life insurance. This Company has good management and provides the best plans in life insurance in the industry for giving maximum benefits to the insured person. You can also analyse it. Please choose the plans carefully so that you may get the best value for your money invested. You can go with any company you like. In every company there are different types of plans, we have to choose it as per our requirement. Always compare their results by benchmarking. Also, provide all the information honestly to the company before buying insurance. Therefore, buy insurance and get assurance. I hope that this article will help you to taking the right decision. If you want to know more we are here to serve you in meeting your financial goals. I also work in mutual funds and financial education which I will write about in the next article. If you like this please share it with you friends and loved ones. See you later!