life risk management
DESCRIPTION
Risk Management -- InsuranceTRANSCRIPT
Presentations
RISK MANAGEMENT
INSURANCE
Insurance Concept
Man
At
Work
Income
House Hold Expenses Future Needs
• House Rent• Food• Clothes• Utilities• Education• Medication• Misc • Rainy Days
• Higher Education • Daughter’s Wedding• Retirement
1. Bank Deposit2. Shares3. Jewelry4. Prize Bond 5. DSC etc …
Early DeathDisability
?“0”
Personal Financial Planning
Man
At
Work
Income
House Hold Expenses Future Needs
• House Rent• Food• Clothes• Utilities• Education• Medication• Misc • Rainy Days
• Higher Education • Daughter’s Wedding• Retirement
Insurance Company’sManaged Growth FundSecurity Today
Cash Tomorrow
Education PresentationYour Commitment today-their education tomorrow
Education Fund
Rs. 5.0 Million
School Cost Rs. 5,000 p.m
• School Fees• Tuition Fees• Books• Uniform • Pocket Money• Transportation
15 Yrs.
Premium: 60,000---------------------------- 1.30 million(7% inflation)
In case of Payer’s early death:
1. No more to pay, future premium waived.2. Income benefit to meet school cost.3. Education fund at maturity.
In case of disability:
1. No more to pay.2. Education fund at maturity.
Safe guarding your children’s educational future
Business ProtectionKey Person
Business Cash Flow
Liabilities• Running Finance• Term Finance• Mortgage• Leasing
M o n e y – in – T r a n s a c t i o n
A s s e t s
• Property• Jewelry• DSC• Prize bond etc.
Business Expenses
House Hold Expenses
Children’s Higher Education
Daughter’s Wedding
Loss of Income
Medical Expenses
Loss of credit
Repayment of Loan
An “Emergency Fund” is needed to “Repay Loans and to Protect Assets”
Early DeathDisability
PensionAge between 25 – 50 yrs.
Retirement Fund
Rs. 1,500,000
Working Period
Retirement Period
………………Up to age 60-65
Pension: Annual Rs. 300,000Monthly Rs. 25,000
Premium
Pay: Rs. 67 a dayRs. 2,000 a monthRs. 25,000 a year Pay till 15 years……….375,000
OROne Time .. 150,000
In case of early death:
• Natural: Rs. 600,000 OR the cash value (whichever is greater).• Accidental: Rs. 1,100,000 OR the cash value (whichever is greater).
In case of disability: ( Due to Accident)
• Compensation to be paid:Rs. 500,000• Retirement Fund at maturity: Rs. 1,500,000
Planning & Lack of Planning• There are two kinds of people in our society:
A B
First Saving and then spending
SavingRs. 200,000
SpendingRs. 500,000
10YEARS
SpendingRs. 500,000
First Spending and then Paying
10YEARS
PayingRs.1,000,000
“Both kind of people’s spending is same but the cost is different”
“A” has advantage of planning in advance and the “B” is suffering due to lack of planning.
Creating Real Estate.
Rs. 100,000/ per annum
121110987654321
Total Payment in 12 yrs. Rs. 1,200,000
Premium
25242322212019181716151413
Benefits
After 12 yrs. Payable Lump sum Rs.3,000,000
OR Partial withdrawl Rs. 400,000 for 13 yrs.
Partial with drawls 5.0 M
At 25th year an other 10 M
Total Payment Rs. 15 M
• Creating real estate on installments.
• In addition to earn rental income the value of the capital is also increased.