Tuesday, July 25, 2017

Some Important Input From Facebook

साइबर सुरक्षा के कुछ उपयोगी जानकारी-
≡≡≡≡≡≡≡≡≡≡≡≡≡≡≡≡≡≡≡≡≡≡
1- व्हाट्सअॅप की

🔧सेटिंग्ज के अंदर "media auto download " पर कभी भी टिक करें.
2- व्हाट्सअॅप में 'privacy' ऑप्शन में
"last seen, profile photo, status" इस ऑप्शन में'every one' कभी रखें ,
केवल "my contact" यही
ऑप्शन रखें.
3- camera setting में 'GPS location info' हे option को हमेशा off रखें.
4- Facebook account में जन्म तारीख इस जानकारी वाले option पर only me ऐसा ही रखें, इसे public करें .
5- Gmail, Facebook, Net Banking करते समय कभी remember password इस optionपर कभी भूल कर भी क्लिक करें.
6-card में पीछे की तरफ online खरीदी के लिए दिए गए pin number को मिटा दें. उसे याद कर लें.
7-Internet पर account open करते समय सभी प्रश्नों के सही सही उत्तर दें अधिक शब्द वाले उत्तर update करते रहें।.
ऐसे प्राप्त करते हैं पिन नम्बर :-
1-Hacker's Facebook से नाम और जन्म तारीख प्राप्त कर लेते है?
2-इस जानकारी को इनकम टैक्स विभाग की साइट पर जाकर update करते हैं और वहां से pancard मोबाईल नम्बर प्राप्त कर लेते हैं.
3-उसके बाद duplicate pancard बनवा लेते है?
4-फिर police ठाने में mobile गुमने/ चोरी की सूचना देकर और duplicate pancard लेजाकर mobile company से आपके number का simcard निकलवा लेते हैं.
5-इसके बाद
internet banking के माध्यम से आपके बैंक account में छेडछाड करने का प्रयास करते हैं.
बैंक की साइट पर जाकर forgot my password इस option पर जाते हैं.
6- आगे के option आसानी से पार करते हुए simcard पर Internet banking का pin प्राप्त करलेते हैं.

Negative Thoughts are as good as poison 
अपनी सोच को सदैव सकारात्मक रखें और स्वस्थ रहें....
इस बात को अपने मन में उतार लें ..
जब एक कैदी को फासी की सजा सुनाई गई तो कुछ वैज्ञानिको ने सोचा कि 
क्यों ना इस कैदी पर कूछ प्रयोग किए जाए  
तब कैदी को बताया गया कि हम तुझे फ़ासी देकर नहीं परन्तु 
जहरीले कोबरा साप से डसाकर मारेंगेऔर उसके सामने बड़ा सा जहरिला साप ले आने के बाद कैदी की आँखे बंद करके कुर्सी से बाँधा गया.
अब बंद आँखों वाले कैदी को सांप नहीं बल्की दो सेफ्टी पिन्स चुभाई गईवैज्ञानिको ने देखा कि कैदी की कुछ सेकेंड्स में ही मौत हो गई.
कैदी के पोस्टमार्टम के बाद पाया गया की कैदी के शरीर में भी साप के जहर के समान ही जहर हैलेकिन ये जहर कहा से आया जिसने उस कैदी की जान ले ली ?
मित्रोवो जहर उसके खुद के शरीर ने ही सदमे में उत्पन्न किया था  
हमारे हर संकल्प से पोजिटिव या नेगेटिव एनर्जी उत्पन्न होती है 
और वो हमारे शरीर में उसके अनुसार Harmons उत्पन्न करती है  
75 % बीमारियों का मूल कारण नकारात्मक सोच से उत्पन्न ऊर्जा ही है 

आज इंसान ही अपनी गलत सोच से भस्मासुर बन खुद का विनाश कर रहा है  इसीलिए अपनी सोच को सदैव सकारात्मक रखें और स्वस्थ रहें

Our forefathers And Today's Generation

*वो कुँए का मैला कुचला पानीपिके भी  100 वर्ष जी लेते थे*

*हम  RO का शुद्ध पानी पीकर   40 वर्ष में बुढे हो रहे है।*

*वो घाणी का मैला सा तैल खाके  बुढ़ापे में भी दौड़~मेहनत कर लेते थे।*
*हम डबल~ट्रिपल फ़िल्टर तैल*खाकर जवानी में भी हाँफ जाते* है।*


*वो डळे वाला लूण खाकेबीमार ना पड़ते थे।**हम आयोडीन युक्त खाके
*हाई~लो बीपी लिये पड़े है।*
वो निम~बबूल कोयला नमक*से दाँत चमकाते थे और 80 वर्ष तक भी चब्बा~चब्बा कर खाते* थे।*

*और हम कॉलगेट सुरक्षा वाले  रोज डेंटिस्ट के चक्कर लगाते है ।।*

*वो नाड़ी पकड़ कररोग बता देते थे और*
*आज जाँचे कराने पर भीरोग नहीं जान पाते है।*

*वो 7~8 बच्चे जन्मने वाली माँ   80 वर्ष की अवस्था में भीघर~खेत का काम करती थी।*
*आज 1महीने से डॉक्टर की  देख~रेख में रहते है फिर भी बच्चे पेट फाड़ कर जन्मते है।।*

*पहले काळे गुड़ की मिठाइयांठोक ठोक के खा जाते थे।*
*आजकल तो खाने से पहले हीसुगर की बीमारी हो जाती है।*

*पहले बुजर्गो के भी**गोडे मोढे नहीं दुखते थे।*
*जवान भी घुटनो और कन्धों*के दर्द से कहराता है *

*और भी बहुत सी समस्याये है  फिर भी लोग इसे विज्ञान का युग कहते है,  समझ नहीं आता ये विज्ञान का युग है या अज्ञान का 


Free Jio Mobile, Free Data , Free Voice Call, Free SMS, Free TV, Free movie , Free Audio songs and what not.  
Still some people are jealous of Ambani, They say that Ambani is looting people of India. 
They were happy when they were paying a rupee or more for talking per minute or paying for sending SMS or paying hundreds of rupees for 1 GB data to other telecom service providers. 
To cover this habit of accusing others for every good or bad action , one fantastic message appeared on Facebook, I am simply reproducing the same here in below.


65 साल से कांग्रेस की गुलामी करते करते  लोगों की मानसिकता भी गुलाम हो गई है॥
JiO ने डाटा फ्री किया सब ने फ्री साल भर मजा लिया एक GB डाटा को 28 दिन बचा बचाकर चलाने वाले
एक एक दिन में चार चार GB डाटा युज करने का रिकॉर्ड बना डाला॥अब कह रहे हैं अम्बानी देश की जनता को
murkh
बना रहा है और देश को लूट रहा है कभी कोई कहता है Jio में नेटवर्क नहीं रहता तो नेट धीरे-धीरे चलता है
अरे भाईयों फ्री पायें है कहकर हर कोई उसी में लगा है तो नेटवर्क समस्या तो आयेगी ही
अब 1500 में 4G मोबाइल दे रहा है तो फिर इन्हें लगने लगा है की 1500 जमा करवाकर  कई हजार करोड़ रुपया अम्बानी कमा लेगा
फिर से इनकी छाती छिलने लगी है

तो भाईयों अगर आप लोगों से अनुरोध है
आप लोगों को लगता है कि अंबानी आप लोगों का पैसा लुट रहा है
तो मत लो कोई जबरदस्ती तो है नहीं की
अंबानी आपके घर में आकर मोबाइल और डाटा आपके मुँह में ठूँस दे रहा है 



एक गोत्र में शादी क्यूँ नहीं ? 

वैज्ञानिक कारण :--

एक दिन डिस्कवरी पर जेनेटिक बीमारियों से सम्बन्धित एक ज्ञानवर्धक कार्यक्रम देख रहा था, उस प्रोग्राम में एक अमेरिकी वैज्ञानिक ने कहा की जेनेटिक बीमारी न हो इसका एक ही इलाज है और वो है "सेपरेशन ऑफ़ जींस" मतलब अपने नजदीकी रिश्तेदारो में विवाह नही करना चाहिए क्योकि नजदीकी रिश्तेदारों में जींस सेपरेट (विभाजन) नही हो पाता और जींस लिंकेज्ड बीमारियाँ जैसे हिमोफिलिया, कलर ब्लाईंडनेस, और एल्बोनिज्म होने की १००% चांस होती है। फिर मुझे बहुत ख़ुशी हुई जब उसी कार्यक्रम में ये
दिखाया गया की आखिर हिन्दूधर्म में हजारों सालों पहले जींस और डीएनए के बारे में कैसे लिखा गया है ? 

हिंदुत्व में कुल सात गोत्र होते है और एक गोत्र के लोग आपस में शादी नही कर सकते ताकि जींस सेपरेट (विभाजित) रहें। उस वैज्ञानिक नेकहा की आज पूरे विश्व
को मानना पड़ेगा की हिन्दूधर्म ही विश्व का एकमात्र ऐसा धर्म है जो "विज्ञान पर आधारित" है !

हिंदू परम्पराओं से जुड़े ये वैज्ञानिक तर्क:

1- कान छिदवाने की परम्परा: 

भारत में लगभग सभी धर्मों में कान छिदवाने की परम्परा है।
वैज्ञानिक तर्क:--
दर्शनशास्त्री मानते हैं कि इससे सोचने की शक्त‍ि बढ़ती है। जबकि डॉक्टरों का मानना है कि इससे बोली अच्छी होती है और कानों से होकर दिमाग तक जाने वाली नस का रक्त संचार नियंत्रित रहता है।

2-: माथे पर कुमकुम/तिलक

महिलाएं एवं पुरुष माथे पर कुमकुम या तिलक लगाते हैं। 
वैज्ञानिक तर्क- आंखों के बीच में माथे तक एक नस जाती है। कुमकुम या तिलक लगाने से उस जगह की ऊर्जा बनी रहती है। माथे पर तिलक लगाते वक्त जब अंगूठे या उंगली से प्रेशर पड़ता है, तब चेहरे की त्वचा को रक्त सप्लाई करने वाली मांसपेशी सक्रिय हो जाती है। इससे चेहरे की कोश‍िकाओं तक अच्छी तरह रक्त पहुंचता है। 

3- : जमीन पर बैठकर भोजन

भारतीय संस्कृति के अनुसार जमीन पर बैठकर भोजन करना अच्छी बात होती है। 
वैज्ञानिक तर्क- पलती मारकर बैठना एक प्रकार का योग आसन है। इस पोजीशन में बैठने से मस्त‍िष्क शांत रहता है और भोजन करते वक्त अगर दिमाग शांत हो तो पाचन क्रिया अच्छी रहती है। इस पोजीशन में बैठते ही खुद-ब-खुद दिमाग से एक सिगनल पेट तक जाता है, कि वह भोजन के लिये तैयार हो जाये।

4- हाथ जोड़कर नमस्ते करना

जब किसी से मिलते हैं तो हाथ जोड़कर नमस्ते अथवा नमस्कार करते हैं।
वैज्ञानिक तर्क- जब सभी उंगलियों के शीर्ष एक दूसरे के संपर्क में आते हैं और उन पर दबाव पड़ता है। एक्यूप्रेशर के कारण उसका सीधा असर हमारी आंखों, कानों और दिमाग पर होता है, ताकि सामने वाले व्यक्त‍ि को हम लंबे समय तक याद रख सकें। दूसरा तर्क यह कि हाथ मिलाने (पश्च‍िमी सभ्यता) के बजाये अगर आप नमस्ते करते हैं तो सामने वाले के शरीर के कीटाणु आप तक नहीं पहुंच सकते। अगर सामने वाले को स्वाइन फ्लू भी है तो भी वह वायरस आप तक नहीं पहुंचेगा।

5-: भोजन की शुरुआत तीखे से और अंत मीठे से :--

जब भी कोई धार्मिक या पारिवारिक अनुष्ठान होता है तो भोजन की शुरुआत तीखे से और अंत मीठे से होता है। 
वैज्ञानिक तर्क- तीखा खाने से हमारे पेट के अंदर पाचन तत्व एवं अम्ल सक्रिय हो जाते हैं। इससे पाचन तंत्र ठीक तरह से संचालित होता है। अंत में मीठा खाने से अम्ल की तीव्रता कम हो जाती है। इससे पेट में जलन नहीं होती है।

6- पीपल की पूजा :--

तमाम लोग सोचते हैं कि पीपल की पूजा करने से भूत-प्रेत दूर भागते हैं। 
वैज्ञानिक तर्क- इसकी पूजा इसलिये की जाती है, ताकि इस पेड़ के प्रति लोगों का सम्मान बढ़े और उसे काटें नहीं। पीपल एक मात्र ऐसा पेड़ है, जो रात में भी ऑक्सीजन प्रवाहित करता है। 

7. दक्ष‍िण की तरफ सिर करके सोना :--

दक्ष‍िण की तरफ कोई पैर करके सोता है, तो लोग कहते हैं कि बुरे सपने आयेंगे, भूत प्रेत का साया आ जायेगा, आदि। इसलिये उत्तर की ओर पैर करके सोयें। 
वैज्ञानिक तर्क- जब हम उत्तर की ओर सिर करके सोते हैं, तब हमारा शरीर पृथ्वी की चुंबकीय तरंगों की सीध में आ जाता है। शरीर में मौजूद आयरन यानी लोहा दिमाग की ओर संचारित होने लगता है। इससे अलजाइमर, परकिंसन, या दिमाग संबंधी बीमारी होने का खतरा बढ़ जाता है। यही नहीं रक्तचाप भी बढ़ जाता है।

8-सूर्य नमस्कार

हिंदुओं में सुबह उठकर सूर्य को जल चढ़ाते हुए नमस्कार करने की परम्परा है। 
वैज्ञानिक तर्क- पानी के बीच से आने वाली सूर्य की किरणें जब आंखों में पहुंचती हैं, तब हमारी आंखों की रौशनी अच्छी होती है।

9-सिर पर चोटी

हिंदू धर्म में ऋषि मुनी सिर पर चुटिया रखते थे। आज भी लोग रखते हैं। 
वैज्ञानिक तर्क- जिस जगह पर चुटिया रखी जाती है उस जगह पर दिमाग की सारी नसें आकर मिलती हैं। इससे दिमाग स्थ‍िर रहता है और इंसान को क्रोध नहीं आता, सोचने की क्षमता बढ़ती है।

10-व्रत रखना

कोई भी पूजा-पाठ या त्योहार होता है, तो लोग व्रत रखते हैं।
वैज्ञानिक तर्क- आयुर्वेद के अनुसार व्रत करने से पाचन क्रिया अच्छी होती है और फलाहार लेने से शरीर का डीटॉक्सीफिकेशन होता है, यानी उसमें से खराब तत्व बाहर निकलते हैं। शोधकर्ताओं के अनुसार व्रत करने से कैंसर का खतरा कम होता है। हृदय संबंधी रोगों, मधुमेह, आदि रोग भी जल्दी नहीं लगते।

11-चरण स्पर्श करना

हिंदू मान्यता के अनुसार जब भी आप किसी बड़े से मिलें, तो उसके चरण स्पर्श करें। यह हम बच्चों को भी सिखाते हैं, ताकि वे बड़ों का आदर करें। 
वैज्ञानिक तर्क- मस्त‍िष्क से निकलने वाली ऊर्जा हाथों और सामने वाले पैरों से होते हुए एक चक्र पूरा करती है। इसे कॉसमिक एनर्जी का प्रवाह कहते हैं। इसमें दो प्रकार से ऊर्जा का प्रवाह होता है, या तो बड़े के पैरों से होते हुए छोटे के हाथों तक या फिर छोटे के हाथों से बड़ों के पैरों तक।

12-क्यों लगाया जाता है सिंदूर

शादीशुदा हिंदू महिलाएं सिंदूर लगाती हैं। 
वैज्ञानिक तर्क- सिंदूर में हल्दी, चूना और मरकरी होता है। यह मिश्रण शरीर के रक्तचाप को नियंत्रित करता है। चूंकि इससे यौन उत्तेजनाएं भी बढ़ती हैं, इसीलिये विधवा औरतों के लिये सिंदूर लगाना वर्जित है। इससे स्ट्रेस कम होता है।

13- तुलसी के पेड़ की पूजा

तुलसी की पूजा करने से घर में समृद्ध‍ि आती है। सुख शांति बनी रहती है। 

वैज्ञानिक तर्क- तुलसी इम्यून सिस्टम को मजबूत करती है। लिहाजा अगर घर में पेड़ होगा, तो इसकी पत्त‍ियों का इस्तेमाल भी होगा और उससे बीमारियां दूर होती हैं।

Thursday, July 13, 2017

Clear Your Doubts On GST

Information Received from Discountwala  website on my mail which I share with you for creating awareness . However to ascertain its truth , you may double check from your reliable sources. 

GST basics: Some Misconceptions cleared

The rumour mills have gone on an overdrive mode since the launch of GST.

Here’s a reality check by ET Wealth for both GST supporters and its detractors.

1. Now it’s one nation one tax 
Myth : Since GST will replace all other taxes on all goods and services, we are in a single tax regime.
Reality : Though this was the original idea, petroleum products—petrol, diesel—are still outside GST’s ambit and, therefore, their tax rates vary significantly across states. 

For example, petrol is still sold in Mumbai at Rs 74.30 per litre (as on 5 July) compared to Rs 63.12 in New Delhi. Similarly, some other items, such as liquor, have also been kept out of GST for now.

2. Small businesses will suffer 

Myth : The life of small businessmen will become difficult under GST because of computerised billing, need for Internet connectivity.

Reality : Shops can do manual billing under GST and Net connectivity is needed only at the time of filing monthly return and can be managed from a cyber cafe.

3. Prices will shoot up 

Myth : Personal expenses will go up on account of GST making it inflationary because tax rates have been fixed at higher levels—18%, 28%.

Reality : Though the GST rates seem high, it is only because the entire tax is now visible to the consumer. Earlier most taxes—central and state excise, additional excise, purchase tax, etc.—did not reflect on your bill. If one adds up all the taxes, it would have been more for most items (ie effective tax rates will be lower for most products).

4. Corporates may try to profiteer but govt won’t 

Myth : Business will try to rob you of the GST benefits, but the government won’t make money at your expense.

Reality : Some state governments are also acting greedy and not passing on the GST benefits to consumers. For example, the Maharashtra government has increased the vehicle registration tax by 2% after auto firms passed on the GST benefit by cutting prices by 2-3%.

5. No tax other than GST is now a reality 

Myth : For every good or service that has been brought under GST, there won’t be any additional tax.

Reality : GST only subsumes central and state taxes and the levies charged by local bodies are still outside its ambit. Using this loophole, the Tamil Nadu government has allowed its local bodies to charge 30% tax on movie tickets over and above GST. GST is 18% for movie tickets up to Rs 100 and 28% for tickets that cost more than Rs 100.

But because of local body levies, tax in Tamil Nadu will be 48% for tickets up to Rs 100 and 58% for tickets that cost more. Not surprisingly, the cinema hall owners in the state went on strike. “Action of the Tamil Nadu government is against the spirit of the GST and the GST council should take action against it,” says Amit Sarkar, Partner and Head, Indirect Taxes, BDO India.

6. Economic growth will rise 

Myth : GST will push up the economic growth.

Reality : Real economic growth comes from both organised and unorganised sectors. Tax evasion becomes difficult in GST, so cost advantage of unorganised sector goes and this will result in some businesses shifting to the organised sector. So, what happens will not be an in increase in ‘real’ economic growth but an increase in ‘recorded’ economic growth. However, there will be a small uptick in ‘real’ economic growth due to the improvement in the ease of doing business.

7. Pay GST twice for card payments 

Myth : GST will be charged twice, if you make payments via credit card.

Reality : There is no additional GST for credit card payments and the confusion arose only because there is GST on additional fees—convenience charges—levied by companies. For example, you make a Rs 10,000 payment and a company charges Rs 50 as convenience fee for helping you make the payment via the credit card, you have to pay 18% GST on that fee too—earlier you paid a 15% tax on it. So the 3% increase is very small—just Rs 1.5 on Rs 50.



Clarification on Sell And Purchase of Old God Given by Mr. Hasmukh Adhia on 12th of July 2017

Selling of old jewellery or bullion will attract a 3% GST on the value realised, Revenue Secretary Hasmukh Adhia said on 12th July 2017

But, if the jewellery is sold and new one bought through the proceeds, the 3% tax paid will be deducted from the Goods and Services Tax (GST) payable on buying new jewellery.

“Supposing I am a jeweller. Somebody comes to me with old jewellery, it is as good as buying gold. You can later claim input tax credit.”

Explaining further Mr. Adhia said a jeweller buying old jewellery from someone will charge 3% GST under reverse charge. So, if old jewellery worth Rs 1 lakh is sold, a GST of Rs 3,000 will be deducted.
If the proceeds from the old jewellery is used for buying new jewellery, the tax paid on sale will be adjusted against GST on the purchase.

However, if an old jewellery is given to the jeweller for some modification, then it would be considered as job works and 5% GST would be levied.

“But, if I am saying that take my old jewellery melt it and give me a new one, then it means that trader is a registered person and it is as good as buying gold in form of old jewellery,” 

Under the GST regime rolled out from July 1, tax is levied at 3% on gold, while any form of job work attract 5% levy.

When asked about the tax to be levied on downloading of movies and television shows on Netflix, he said the US company is paying service tax, which will now be replaced by GST.

On advertisements given in website or blogs, Mr. Adhia said if the money is earned by way of providing services then GST would be levied.

However, the ministry would soon clarify various provisions related to advertisements on websites after seeing stakeholder representation.

Mr. Adhia further said businesses and traders willing to avail the composition scheme will have to choose the option by logging into the GSTN portal by July 21. 

Whereas, for new registrations, they have to give their own choice at the time of filing up forms for registration.

Besides, as per the rules, account records for GST will have to be preserved for six years. 

However, if any case is locked up in litigation, then the records have to be preserved till the litigation gets over.

Small businesses with a turnover of up to Rs 75 lakh can opt for composition scheme in which traders, manufacturers and restaurants can pay tax at 1 per cent, 2 per cent and 5 per cent, respectively.

Businesses opting for the composition scheme will see a lesser compliance burden as they will have to file returns only once in a quarter as against monthly returns to be filed by other businesses.


Prime Minister Narendra Modi on Wednesday gave a deadline to all Chief Secretaries to get all traders registered under the Goods and Services Tax (GST) regime by August 15.
“The Prime Minister urged all Chief Secretaries to work expeditiously towards ensuring that all traders register under the GST regime, and this task is completed before August 15,”
Principal Secretary of Commercial Taxes, Somesh Kumar, warned the service organisations such as the Telecom companies to pass on the Goods and Services Tax (GST) benefits to the customers, else action would be initiated against the violators as per the anti-profiteering provision.
He said the government would not hesitate to question the organisations that are claiming Input Tax Credit but levying 18% GST on the customers. 
However, we want to give them some space and time before taking further action.


Useful Information For You to Buy Insurance Policy

The 'IRDAI Protection Of Policyholders' Interests Regulations 2017', released a couple of days ago says 

"Every insurer shall display the service parameters and turnaround times as approved by the board in its website and keep the same updated as and when the service parameters are revised by the board."

With the prevalence of employer-paid health insurance, IRDAI now insists that the policy document mention upfront co-payer limits if the policy is co-paid by the employees. 

Insurers are also now required to update on their website the terms and conditions of every insurance product that is withdrawn or modified. And update the list at frequent intervals.

It is my request to you all to 
Please Read Fine Print Before You Choose To Buy An Insurance Policy. 

There are many plans and agents of insurer focus on only those policies in which they earn higher commission. 

Agents will seldom advice you to buy a Term Insurance Policy because by selling such policy agents will earn nothing. If they sell an investment plan under disguise of higher insurance or if they sell endowment policy , agents earn huge commission. Sometime you will feel jealous to know that you will get less benefit by investing in the plan for a period say  two decades compared to an agent earn by way of commission by virtue of the simple fact that you continued the policy and invested your hard earned money in it for two decades .

Please Read Terms and Conditions of the policy you choose to buy before you pay for it so that You may not feel cheated at the time of real crisis you face.

This is published in Economic Times , link given below.

Insurance companies project the benefits of a critical illness policy, but the hidden terms and conditions are not known till one carefully studies the terms and conditions of the policy . In worst cases, many realise that the treatment cost is also not covered. 

Case Study: Bhupinder Kumar was associated with Bajaj Allianz Life Insurance since 2005. He insured himself for Rs 2 lakhs under the company's Criticare Insurance Policy. The policy commenced on September 2 .. 

Read more at:


Study Fine Print before Buying an Insurance Policy -Mistakes you should avoid while buying life insurance

If you are looking at a pure protection product to safeguard your financial responsibilities in your absence, you should buy term insurance plans.

This article is collected from Money Control site and has been Written by Sri Navneet Dubey  For Moneycontrol News. I share with you to create awareness.

Having adequate life insurance cover in your portfolio is a must. Life insurance is bought for many reasons which may not only include protection purpose but also to meet various financial goals of your life like child marriage, wedding planning and so on. 

Therefore, it becomes necessary to understand the main motive behind every L-I policy.
Here are few mistakes one should avoid while buying a life insurance for themselves.

You Must understand and know the purpose for which You Choose To buy an insurance policy

Many of us buy insurance only to save ignoring the fact that life insurance is mainly bought for protection purpose. 

Life insurance policy helps in securing your dependents and your future liabilities if something happens to you. 

Providing you tax benefit is not a primary objective of any insurance policy. It is an additional benefit which every individual enjoys once they buy a life cover to protect their family.

“The main purpose of life insurance is to provide your dependents financial help in the time when you might not be around. 

First, ask yourself why you need one, the aim should be clear. 

Once the purpose of buying life insurance is clear, you can go ahead and select the kind of life insurance you want to buy. 

There are several types of policies in the market, each catering to different needs of the customers.

You should calculate the insurance cover

Most of the time people get into the trap of buying life insurance policy which provides them highest sum assured without calculating whether they really need that much cover at that point in time or not. It is important to calculate your overall annual expenses.

“Take it as a method to protect the life of your loved ones when you are gone. Look into the future and calculate your household expenses, children’s education, and their wedding cost, your parents’ needs and other financial liabilities etc. You’ll need to consider you dependents requirements needed to maintain their lifestyle in your absence, plus any liabilities and then decide on the amount of coverage.

Therefore, you should take a cover accordingly, otherwise you may end up paying a heavy premium.

 You Should  know the policy you need

Do you need a ULIP plan which can cater your child’s education goal as well as provide protection? 

Or, do you need a term insurance to protect your long term liabilities? 
It becomes very important to know which policy you need so as to cover your financial liabilities well.

“If you are looking at pure protection product to safeguard your financial responsibilities in your absence then you should look at Term Insurance Plans. 

In case, it is for Children education, marriage etc. Where you require growth oriented products then ULIPs are a better option.

ULIP is a combination of insurance and investment & basically giving dual benefit of growth and protection. 

Here policyholder can pay a premium monthly or annually. A small amount of the premium goes to secure life insurance and rest of the money is invested in market instruments. 

And in case, the purpose is only to get guaranteed benefits then one should opt for endowment plans. 

Endowment plans invest in low risk instruments and offer guaranteed maturity benefits but the returns offer by these plans are quite lower as compared to ULIPs.

You Must know the premium paying term

For every insurance plan you have to pay a certain amount of premium. Every plan has different-different premium paying terms (PPT’s) as per the policy. Knowing the PPT will let you know the exact amount you are going to pay for that particular insurance cover. Also, you can calculate returns which you may get on your survival if it’s a non-term plan.

You Must  know the claim settlement ratio of Various Insurer to Choose the best . Some Insurance  companies provide fabricated false data on this settlement ratio . You have to Cross Check it.

One of the important factors to choose the insurer is knowing the company’s claim settlement ratio. You should know whether the company is reliable and settle one’s insurance claim on time or not? 

Claim settlement ratio is the ratio of approved claims to the total number of claims filed. Therefore if you know the claim settlement ratio, you can make a better decision on selecting the insurer and the kind of life insurance policy.

Here are a few key pointers to keep in mind while purchasing health insurance with global cover 
(The writer is Founder and CEO of VR Wealth Advisors.)-
Collected from Money  Control site

  • • The plans cover only in-patient hospitalization treatment and exclude all other pre and post hospitalization expenses and OPD treatments.
  • • Treatments in US and Canada are excluded. To avail insurance in these countries you have to pay extra premium.
  • • These covers have 10-20 percent co-payment clause, which means the insured has to pay for the entire amount initially, post that once the person comes to India the company will pay 80-90 percent of the total cost.
  • • There is a waiting period of 2-4 years for all pre-existing diseases and illness.
  • • The cost of policies with global cover is almost 3-4 times the cost for domestic health insurance policy.
  • • Insured needs to intimate the health insurance company before travelling abroad for treatment in case of planned hospitalization, and the same needs to be certified by the doctor in India.
  • • An emergency overseas treatment requires a certification from a medical practitioner at the place of treatment that the case is one of emergency. The claim is admissible only in event of this certification.
  • • The claims are usually settled on a reimbursement basis as it is difficult for insurers to maintain a global network of associated hospitals. This means the expenses have to be incurred by the patient or his family initially, which will be later reimbursed by the insurer.
  • • The insured is exposed to the risk of adverse movements in exchange rate as the claim is settled in Indian Rupees and the customer pays for the treatment in foreign currency.
  • • Overall, the benefits that these policies offer are sharply defined and there are stringent terms and conditions, where the policyholder may not be able to derive the maximum benefit that the plan offers.




New rules to protect policyholders _
Published in Livemint on 12th July 2017

The insurance regulator has notified new rules to protect policyholders’ interests. It is definitely a big step towards policyholder protection, but a lot remains to be done. To know details of new guidelines issued by IRDAI , please visit website of IRDAI.

The Insurance Regulatory and Development Authority of India (Irdai) has notified new rules to protect policyholder’s interest. You can read the full notification here. 

While the regulations work towards ensuring that insurers settle all kinds of claims on time by defining the penalty on delays, there is much left to be desired in addressing better disclosures for the customers. 

We take you through some key provisions of the notification and also bring you experts’ views on what more could have been included in it.

There is clear provision for imposing Penalty on Insurer for late payments

If an insurer delays claims payments, it has to pay a penalty that’s 2% over the bank rate, which is specified by the Reserve Bank of India, as on 1 April of that fiscal. 

For instance: 

in case of Life Insurance, after a claim is made, the insurer needs to ask for all the documentation within 15 days and take a decision on the claim and make the payment within 30 days. 

This is the norm even now. And, if a claim has to be investigated further then the insurer gets up to 90 days for investigating. If the insurer decides to pay, it has to do so within 30 days from when the decision to pay was taken.

 Insurers will attract penalties for not adhering to these timelines. 

New guidelines also clarifies that if a claim is ready for payment but the payment cannot be made due to reasons of proper identification of the payee, the insurer will still pay a penalty. 

For settlement for maturity proceeds and annuities, insurers have to notify the policyholder in advance or send post-dated cheques or transfer money to the bank account so as to pay the claim on or before the due date. 

For surrenders, free-look cancellations and withdrawal request, the insurers will have to pay within 15 days of receiving the request, or the last necessary document. A delay in this case will also invite penalty.

“Earlier there was some ambiguity in the way penal interest for delayed settlement of claim was calculated.

But now we have brought about clarity in the rate at which it has to be calculated and the duration for which it has to be paid.

“Now, if an insurer is supposed to settle the claim in 30 days, but takes 31 days, then it needs to pay interest for 31 days and not just 1 day,”.

This would lead to faster settlement of claims.  

“The timeline mandated for investigation of a death claim has been reduced to 90 days from 180 days. This, along with a penalty on delays, will help in speedier settlement of death claims.

“But this alone may not solve all the problems regarding settlement of claims. For instance, the industry has to look at ways of simplifying surrender requests.

For non-life policies also, there is now a limit of 30 days to settle claims—after insurers get all the documents, including surveyor’s report . And if insurers don’t follow the timeline, they have to pay a penalty. In health insurance, if a claim needs to be investigated, the insurer will need to complete it within 30 days and settle the claim within 45 days from the date of receipt of the last necessary document, or pay a penalty. 

For other non-life policies where a surveyor is appointed, the regulations have laid down timelines to appoint the surveyor and submit the report. 

Further, the surveyor’s report needs to be given to the policyholder if she asks for it—which is important because a surveyor is appointed by the insurer to investigate claims and is the basis on which an insurer takes the decision on a claim. “The notification also mandates insurers to categorise exclusions that are standard, specific to policy, those that can’t be waived and those that can be waived on payment of extra premium. This is important because in motor insurance there are many exclusions such as depreciation or engine loss that can be covered by paying extra,

“This will also make people aware of add-on covers that take on such exclusions. In motor there are about 20 add-ons that people don’t know much about,”. 

The notification outlines features and other terms and conditions that needs to be stated explicitly in a policy. For instance, in life insurance an insurer needs to state things like the type of policy, features, information on premium payment, riders, exclusions, policy conditions for surrender or discontinuance, revival of the policy and the grievance redressal mechanism. 

Insurance Regulatory and Development Authority (Irdai) has given the insurers till 31 December to make such changes in their policy documents. 

The notification also states that distributors will provide all the material information regarding the policy, and that the insurers will have to obtain a certificate from the policyholder certifying that the proposal form and policy documents have been fully explained and that the policyholder understands the policy. 

There are still many Deficiencies in guidelines which need some improvement 

The notification is missing the ‘key features document’, which aims to simplify the salient features of a policy. Irdai, in its draft released in February 2017, had asked for this document, which would carry the main features of the policy in simple language and in bold and attractive print. This document was intended to make policyholders aware of the most important features. 

However, “The insurers are jointly working on introducing a simple key features document that will help customers understand what they have bought, including their obligations, in a simpler language,” .

“The regulation doesn’t recognize verbal complaints but it’s important that verbal complaints also get recorded and measured. There should be an onus on the insurers to deliver a renewal notices  particularly in health insurance.

For instance, if a policyholder does not pay health insurance premiums on time, she loses all the benefits with regard to the waiting period and has to apply for a fresh policy. “Also, health insurers shouldn’t be allowed to add exclusions when insurances are renewed,” 


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