HOLD ON TO YOUR LIFE SAVINGS!!! - PowerPoint PPT Presentation

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HOLD ON TO YOUR LIFE SAVINGS!!!

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  1. HOLD ON TO YOUR LIFE SAVINGS!!! THE ONLY THING CERTAIN IN LIFE IS THAT THE FUTURE IS ALWAYS UNCERTAIN. LIKE SAND DRIFTING THROUGH YOUR FINGERS. DON’T LET YOUR LIFE SAVINGS BE BLOWN AWAY BY THE UNFORSEEN. LET STATE LIFE HELP YOU PLAN FOR THE YEARS AHEAD. BE WISE, ACT NOW!

  2. RISK: WHAT IS IT? Risk = the possibility of financial loss

  3. What is Insurance? Insurance is a legal contract that transfers risk from a policyholder to an insurance provider.

  4. Premiums Insurance Provider Claims HOW INSURANCE WORKS

  5. Risk factors determine whether you will be able to buy a policy and how much it will cost.Generally speaking:> Risk = > Cost

  6. Risk Factors: Life Insurance Age Gender Height & Weight Medical record Personal habits (smoker, drinker, drug use) Occupation Credit rating of policyholder **Amount of coverage required**

  7. HOW DO WE HANDLE RISK? 1.  Avoidance: Choosing not to participate in an activity because of the risk involved, e.g. not getting a driver’s license; 2.  Retention: Saving money in case of future losses, e.g. putting $1000 in a savings account in case of a car accident; 3. Transfer: Passing the risk on to an insurance company, e.g. paying a monthly fee for an insurance policy and expecting the insurance company to protect your assets.

  8. In the event of your death, a life insurance policy could: • Provide income to your family members so they can maintain their lifestyle. • Pay off your mortgage so that the house is free and clear of debt. • Provide for your children’s college education. • Pay for the final expenses of a funeral or estate settlement costs. • Provide an emergency fund to handle an unexpected financial crisis. • Provide for settlement of your personal debts.

  9. STATE LIFE PLANS

  10. WHOLE LIFE ASSURANCE ENDOWMENT ASSURANCE SADABAHAR PLAN ANTICIPATED ENDOWMENT ASSURANCE SHAD ABAD ASSURANCE JEEVAN SATHI ASSURANCE CHILD EDUCATION AND MARRIAGE ASSURANCE CHILD PROTECTION ASSURANCE SUNEHRI POLICY SHEHNAI POLICY OPTIONAL MATURITY ENDOWMENT NIGEHBAN PLAN MUHAFAZ PLUS ASSURANCE SUPPLEMENTARY COVERS TERM INSURANCE SCHEME PROVIDENT FUND INSURANCE SCHEME HOUSE BUILDING & PERQUISITES INSURANCE SCHEME PAY CONTINUATION SCHEME GROUP ENDOWMENT INSURANCE SCHEME GROUP PENSION SCHEME PRIVATE EDUCATION INDIVIDUAL LIFE PLANS GROUP LIFE & PENSION PLANS

  11. FINANCIALS(AT A GLANCE)

  12. INVESTMENTS

  13. Investment Portfolio Investment Income

  14. LAST YEAR BONUS ANNOUNCEMENT

  15. BE WISE ACT NOW For More Details Contact: 0300 7005470