Category: General Articles

Unit Linked Investment Plan or as commonly known as ULIPs are essentially a life insurance product where both, a life cover and investment option is provided. Some of the kinds of ULIPs available are:

• Retirement ULIPs: If your aim is to plan for your retirement using an ULIP, you make the payments during your working years. This money is consolidated and paid out as annuities to the investor on retirement.
• Wealth Creation ULIPs: If you are a young investor and looking to build a corpus for your financial needs in the future, wealth creation ULIPs are the best options.
• Children Education ULIPs: Along with securing your child’s needs in case of an unfortunate event through a life cover, certain ULIPs pay out small ‘pockets’ of money in each significant milestone of your child’s future.
• Health Benefit ULIPs: These ULIPs provide medical assistance, financially at the time of need.

FAQs

What is meant by a unit?

The premium amount paid is partially allocated for life insurance and partially invested in funds preferred by the investors forming a unit fund comprising of several ‘units’ proportionate to the amount invested.

What are the various funds for investment in a ULIP?

The investor bears the risk of investment in a ULIP and the various funds available for the investor to choose from are equity funds, income, fixed interest or bond funds, Cash Funds and Hybrid funds.

Are returns on an investment in ULIP guaranteed?

No. The investment returns in ULIP depends on the performance of the fund. Depending upon the fund chosen by the investor, the investor takes full responsibility for the gains or losses.

What are the various charges in a ULIP?

The charge, deduction and fee structure is different for different insurers and can be subject to change. Following are the charges, fees and deductions in general:

Allocation of Premium charges

Mortality charges

Fees to manage funds

Charges for policy or Administration charges

Charges on surrender of policy

Switching of fund charges

Deductions for Service tax.

What component of a premium is used to buy units?

The amount paid as the premium by the insurer is partially invested for life cover and partially on funds. The insurer deducts the fees and charges and the remaining amount of premium is invested to buy units. Hence, the amount of premium paid with an intention to invest in funds will be lower than the consolidated amount of funds since the charges and deductions are already exercised on them.

Can premiums be refunded if one is dissatisfied with the plan?

Yes. The investor can seek a refund of the premium amount paid. The amount which will be received by the investor after cancellation will be after the deduction of charges, expenses on medical verification, stamp duty and the proportionate premium for risk during the cover duration.

Is it possible to switch funds in ULIP?

Yes. One of the unique features of ULIP is the SWITCH facility where one can switch between funds provided the facility is existent with the product. Most insurers offer the switch without any deductions several times a year. However, charges may be levied if the number of switches exceeds a set limit.

Which ULIP Plan Is The Best For You?

If you are confused on which insurer to choose for ULIP, here are few tips to assist you to select the best one:

1. Flexibility: Insurance needs are dynamic and keep changing with your evolving needs- income, age and dependents. Thus, the life cover part of the ULIP should not be overlooked. Despite the regulator capping a minimum cover for life, the maximum limit is not set. Thus look for a ULIP which offers customizability. You can utilize the flexibility to determine the premium payment frequency, add riders and invest in funds of your choice depending on your risk profile.
2. Compare: Check the fund’s performance before investing in one since there could be significant differences at maturity and the payout is done on the market performance of the fund. Also, check for various plans in aggregator websites to get a cheaper quote.
3. Settlement of Claims: Like most other life insurance plans, it is wise to take a look at the claims settlement ratio of the insurer before investing.
4. Transparency: The IRDA has made it obligatory for the insurers to disclose certain information to the investors to help them make an informed decision. However, many insurers do not comply with the same. Thus, ensure you choose an insurer with higher credibility and transparency to allow you to make switches and redirections wisely.

Which Company Offers The Best ULIP Plan?

Following ULIP plans are the best available from various insurers:

1. Bajaj Allianz Future Gain
2. PNB MetlifeSmart Platinum
3. MAX Life Fast Track Growth Fund
4. SBI Life Wealth Assure
5. ICICI Pru Wealth Builder II

In addition to various features available with ULIP, it allows partial withdrawal of the corpus at the time of need. The insurers are bound by regulators to disclose the analysis of the fund performance, the fund’s investment portfolio and the risk control measures used among various others.

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Entering into any new venture such as online trading, you must be willing to gain knowledge before taking the leap. Even a first-timer with a some-what knowledgeable background in the venture can see phenomenal profits if they take the time to do the research. There are many lucrative avenues to invest in, however investing in gold for example with the price of this precious metal climbing the records daily, is considered to be a profitable, low risk investment. Ensuring you are knowledgeable makes for a wise investor, and the online trading platform you choose, will ultimately make a difference in your buying and selling success.

Whether you are considering becoming an investor or you are new, inexperienced, you may already be exploring online trading gold opportunities. Therefore, you may also be asking what the benefits are to online trading when it comes to such a precious commodity as gold. For one, you are not required to purchase gold bullion or coins. You do however need to be knowledgeable in the area of knowing when the price of gold will increase or decrease. Always check the price of gold before deciding to sell or trade as it tends to fluctuate. Fluctuation is due to gold being a well-known asset which symbolizes a very tangible value. If investors feel times are unstable, the price of gold will increase as it is an asset that protects any economic collapse. In the same way, when investors feel stability and confident, the price of gold will decrease. Gold as proven throughout history protects against the decline of typical currency, and generally appreciates. Cfd premium

Online trading has proven to be the ultimate podium for investing and selling. Basically it is the practice of buying and selling through an online platform. Most platforms make it fairly simple to start and provide direction. Research the different types of platforms that will work best for you, Forex brokers, foreign exchange trading, offer substantial tools and products that will greatly increase your earnings by buying and then selling at a higher rate. With online trading platforms so readily available, low risk investments are a huge benefit when making the decision to invest, and with a plethora of cutting edge technology everyone has the opportunity to participate in this lucrative venture through a platform. As you explore further into this “golden” venture you will find terms such as CFD which means Contract for Difference. A Contract for Difference is imperative to your success as it helps you to recognize the fast pace of global financial markets which are instruments at your disposal in your decision whether or not it is the right time to sell. Ecnpremium

Gold is in demand as it is surprisingly used in several arenas. Industrial, medical, dental, and the field of electronics just to name a few, use gold due to its thermal, electrical conductivity properties and high resistance to corrosion and bacteria, another factor that states online trading in the gold industry can be a very lucrative venture. Gold is extraordinarily sensitive to supply and demand; however high demand is on the rise, making online trading a wise investment.

Gold, once known as serving as a safe haven due to the fact that investing in the precious commodity does not seem to present as much of a risk as other investing ventures, proves itself to be a mainstay as it retains its value. However, as with any investment venture, gain that “golden” knowledge.

Find that platform, that investment that works for you, use the strategies, the products provided and you will begin to see the profits you’ve envisioned.…

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Mobile Recharge has become handy to all the people of all the age groups because of their handiness and other benefits. You save your time by transferring money within seconds and avoid the hassle of going to the market. Above all of these benefits, the biggest one because of what it is being popular day by day is the cost-effectiveness. Of course, the fee for online processing is much lower than the offline. Amongst all of the latest applications, every mobile phone has one app or two for Mobile Recharge also.

 Nevertheless, since it is the matter of money and the process is done instantly, it requires a little cautiousness while making the transfer. By taking care of few things you can enjoy your instant money transaction unstoppably. Such things are:

• Never ever do any Mobile Recharge in hurry. Make a double confirmation of the mobile numbers and your account details before making the transfers. Many times what happens is that due to hurry the money is credited to a wrong mobile and when the money is delivered, it is near to impossible to get the money back. Even the customer care executive is helpless for getting back your money. To avoid transferring money to a wrong number.
• It is always necessary to use a trustworthy service provider. You cannot keep your bank account unsecured. So before using such Mobile Recharge applications, double ensure its credibility & check customer reviews.
• If you are trying the online Mobile Recharge for the very first time, try with the small amount. Reason being that putting the big amount at risk is never wise. But of course, when it is successful you can choose any of the limits.
• If you are using such a Mobile recharge app, there are chances that your phone may get the virus. So, always use an antivirus or spyware software on your mobile phone. One virus attack can cause the major problem to your hard earned money.
• For all the money transfer activities, use a device that you are comfortable with. It is not advisable to use a public computer for this. The reason is that your security is put at risk.
• Likewise, the above one never trusts a public Wi-Fi for making Mobile Recharge. Some public Wi-Fi give you free internet connection just so that they can take away all the data of your phone, including the bank account details!
• It is always a good idea to save the transaction details because in case your transaction fails, you have already saved your details beforehand. To get your issues resolved by customer care executive, you need to have all the details because they need these details to process.
• Although almost all the browsers are compatible with online transaction and support payment gateway, Internet Explorer & Mozilla are the most trustworthy.

So use these tricks to keep your money safe and secure and enjoy Mobile Recharge to the fullest.…

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It is quite a challenge to figure out a right path on how you can secure your data in the cloud. The different types of cloud that are deployed, such as hybrid or public cloud, play a significant role in complicating the entire idea of cloud computing. In basic terms, cloud technology is a network of thousands of virtual servers that are found in different geographical locations used to store data which can be accessed remotely. A company or an individual can create a compliant and comprehensive cloud computing solution for the storage of their information.

However, the devil is always in the details. It is always advisable to use a nuanced approach to the different uses of cloud computing for you to achieve enterprise grade security. The cloud has offered a safe platform where business organizations can store their data despite the negative attitude peddlers who may want to stay in-house. To avoid losing clients, the large cloud providers are very good at maintaining a tight ship. However, among the millions of such customers, there those that are malevolent in the form of commercial thieves, government spies and hackers. In this article, we are going to discuss the ways through which a business enterprise can safely store its data using cloud computing.

Encrypt

So far, the ideal way to protect your information stored in the cloud is through encryption. Encrypting your data ensures that your data is safe even from system administrators who may compromise your sensitive information. When having a file you want to store in the cloud, you utilize a data encryption software. Such software will create a password for that specific document or file. Then, you can move the file or document to the cloud. Anyone who wants to access the file must have the password. The easiest way to do this is to zip your files into one folder and use a password to encrypt them. Companies can make use of a free multiplatform tool known as a B1 Free Archiver.

Use cloud service providers that encrypt the data

In the market today, some cloud service providers offer local file encryption and decryption in addition to storage and backup services. This means that the service provider takes care of the storage, back up and security of your data through encryption. This increases the probability that no one will gain access to your personal or company information including the server administrators and the service providers. Some of these services are readily available in the market today with Wuala and Spideroak being the perfect examples. For instance, you will be able to get 2GB space with Spideroak for full-featured storage, access, share, sync and backup for free.

Data management

Many data centres and cloud technology service providers suffer from data management systems that are sloppy. There are partial, old and surplus datasets that are distributed throughout the entire storage pool. Trash collection is one of the most significant and most difficult tasks in cloud computing. These are further complicated by a lack of naming discipline and versioning of files that leads to files with same names. It is therefore essential to ensure that you have a comprehensive data management system in the cloud to increase the security of your information.…

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Online trading and beginners. These two words don’t seem like they should go together. There is so much to learn when it comes to online trading that it can be discouraging and cause a beginner to be in a constant, overwhelming state of learning. If you can’t catch up, are you ever really ready to jump right in?

Advancements in technology have made it possible for beginners and experts alike to jump into online trading. If you are dreaming about being your own boss and making money from home. Using a basic understanding of the market and the right tools, even you can start online trading.

Types of Trading – What Are They?

Before anyone gets started in online trading, it’s important to be aware of the different types of trading available for online traders to participate in. From stock trading to Binary Options trading, what does it all mean? Here is a short review with definitions.

Stock Trading: Buying, holding, or selling stocks or shares of securities. These securities are listed on public stock exchanges like AMEX, NASDAQ and NYSE.

Forex Trading: FX trading or Forex trading is trading, buying or selling currencies. The goal is to make money on the differences of the value of the currency across the a global economy.

Options Trading: People buying and selling contracts that give them the rights but not the obligation to sell or buy an asset at a predetermined price.

Binary Options Trading: Trading where those participating expect to earn a certain payout or no pay out at all. These trades are based on predictions made on events that influence the market.

The first step in online trading is deciding which type of trading you want to participate in. Next you will want to align yourself with the right broker like tradex1.com or brokerage to help you access and participate in the markets of your choice. Certain brokers are over certain types of trading in the market. Aligning yourself with one that oversees the markets you have the greatest desire to trade is important. When choosing a broker fxtrade777 consider their fees. Find one that’s fees won’t be a burden.

Come up with a trading strategy. There is a difference between investments and trading. Those that choose to participate in trading watch the market carefully and seek movements in the market that offer the opportunity to trade and make a profit. Those who choose to invest in the market, make the decision to invest long term in portfolios and benefit from the slower price increases of assets in those portfolios. As you start trading have a specific goal in mind.

Technology offers the beginning trader a step up on the education of trading. The use of technology can automate much of the process for a newbie. Technology offers many benefits to new traders, such as keeping track of the details that require much time and effort to track. This makes it possible for the new trader to advance quickly.

The ability to use a trading bot for automatic trades online is also an advantage for those that want to participate in online market trading. Stock screeners are another tool new traders can use to help them decide which stocks that are less known are worth trading. Algorithm trading offers another benefit for traders to use. It helps traders place orders based on predetermined instuctions for trading.

The biggest hurdle for new traders is making first time mistakes. Often times strategies will have to changed during trades. Take time to figure out a method for trading. Each new trade may lead you to prosperous new business.…

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Development of technology has led to the incredible shrinking of the forex trading market with the emergence of a few dominant online players with mobile apps.

Tradesprime is one such forex broker which gives traders an opportunity to participate in the forex market regardless of their location on the globe.

Account plans

According to information available on their website, their aim is to provide traders with customized and reliable trading options.

“Every trader has his own financial goals and trading tactics,” says information on their website.

They take lots of pride in having the ability to provide their customers with all the tools they require to make trading decisions that work for them. That is through the different account plans on offer.

Registration process

The type of account you hold depends on how much money you have deposited. Even when a client starts with a low deposit, it is bound to grow and thus lead to a change in the type of account.

They elaborate on the website: “As your (account) deposit grows (we will upgrade) your account.”

The types of accounts one can have will range from ‘basic,’ ‘gold’ to ‘premium.’ The ‘basic’ account is one in which the trader has made deposits ranging between $200 to $999. The ‘gold’ account has deposits ranging from $999 to $9,999. For one to have a premium account, they have to make a deposit of at least $9,999.

Depending on the type of account one has, they will have access to certain services. Take, for example, the weekly market overview, market news, and webinars & video lessons which are only available to ‘gold’ and premium account holders.

They “pay close attention to (happenings) in markets in Europe, Asia, and the US.” Through the reliable and accurate information they provide, traders are able to make vital trading decisions.

As an online trading platform, they allow their customers to create an account through which they can do all their trading. All one needs to do is to provide a colored copy of the individual’s identification document for them to start the registration process.

Modern trading currencies

Once the application for registration is accepted, it takes only ‘five minutes’ for the account to be up and running. Later, one can update their account details by getting in contact with the customer service team at Trades Prime.

According to information available on their website, all you need to do is tell them of any relevant changes you desire to be effected in your account. You, however, must provide documentary proof for the changes you need to be affected.

The online trading software they operate with is the Meta Trader 4, which provides for fast and reliable functionality. With this, traders are able to get lots of auxiliary and complementary services.

Information available on tradesprime.com indicates that the software was “engineered to manage modern trading currencies,” which is what traders are dealing in today.

Your pocket

The fact that the software comes with mobile application capability makes it accessible to the traders while on the go. With it, they have access to a number of services through four easily accessible tabs.

“Users can check current prices, access market history, analyze data, view real-time updates on market trends, set buy limits, and purchase new orders,” says Tradesprime.

Trades Prime, works on the premise that global forex markets never sleep. That’s why they allow for trading between 22:05 GMT on Sunday and 21:50 GMT on Friday. As they explain on tradesprime.com, traders can take action around the clock from anywhere on the globe.

Downloading the trading app will enable one to carry the trading platform in their pocket and make it convenient when accessing it.…

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A Manhattan court has dismissed Felix Sater’s, a Russian businessperson, and President Donald trump former associate, civil fraud case of $250 million. Sater, the founder of Bayrock real estate, was prosecuted as qui tam. In a qui tam case, the filing of a lawsuit may be done by a whistleblower on behalf of the state and the intervention of the attorney general is not a requirement.

The whistleblower, in this case, was Fred Oberlander, the lawyer who represented Jody Kriss in a case of money-laundering against Sater’s company. An attorney that was present on Wednesday during the case hearing told the business insider that Fred had acknowledged the fact that he had filed the claim based on evidence removed by a judge against Kriss’s original complainant. According to the attorney, the case did not favor Oberlander since had used information that a federal judge had ordered to be removed because the judge found it confidential. Robert Wolf, Sater’s lawyer, later confirmed that indeed the judge dismissed the case.

The attorney general last year refused to be involved in the case. He had sent a letter to the Supreme Court of New York in February 2016 explaining of a “fake and misleading media release” Oberlander had given against him. According to the release, Oberlander claimed that he had given the go-ahead to the case while according to the attorney, the state had failed to intervene. The office of the attorney general accepted to monitor the case to protect both the rights and interest of the country. According to the wolf, Sater’s lawyer, the case was not dismissed based on the procedure but merits grounds. He said that the layers involved in the case had referred to the director of justice for criminal contempt which according to wolf was misconduct. Richard Lerner, another attorney that was involved in the case against Sater, told one of the reporters that he had the plan of tossing the case.

The case against Sater in 2010 by Jody Chris, a former director of finance at Bayrock, claimed that the company engaged in many crimes which included bank fraud, tax evasion, bribery and money laundering among many other crimes. Kris accused the founders of the company, Sater, and Tevfik Arif, of taking millions of money from him through money laundering and fraud among other misconduct. A New York judge in December ordered that the legal case be considered as racketeering case.

According to Kriss, the founders of the company in 2003 agreed to negotiate with the Trump Organization to market some products but did not tell Trump of the Sater’s crimes in the past. Trump in 2007 said that he would not have partnered with Bayrock to develop Trump SoHo if he knew the Sater’s criminal history and that if they found themselves sharing a room with Sater, he would not recognize him. The statements were ironic because Trump’s office was two floors above Bayrock’s. A person who knew about the case told business insider that in the past, Trump and Sater had a meeting every week. Sater claimed that he had met Trump occasionally, contradicting the previous report by trump. He also claimed that Trump appreciated his loyalty and his connection with Russia.…

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