LIC Introduced Money Back Policy Jeevan Varsha

by Gian Brett

Recently, Life Insurance Corporation of India introduced guaranteed money back plan - Jeevan Varsha. LIC has launched the policy in the replacement of Jeevan Astha. The policy would be available from 16th February, 2009 to 31st March, 2009. It is a market based plan.
Jeevan Aastha Policy of LIC was also a mix investment and insurance plan. The company is most popular in life insurance. It is one of the largest investors in government sector also. After the 1956 it has now 24.6% investment in government sectors. It has more than 200 thousand million agents and more than 101 divisional offices.
The plan Jeevan Astha by LIC was great succeeded. After the success of that plan the Jeevan Versha has been introduced. It is one of the guaranteed products by LIC with regular premium and money-back plan.
Life Insurance Corporation of India has planed to collect about Rs. 1,500 crore premiums by the new product. According to the previous data LIC had collected Rs. 1,190 crore to sell 2.64 lakh Jeevan Astha Policies.
Jeevan Versha will offer two policy terms - 9 and 12 years. The policy is offering Rs 65 per Rs 1,000 sum assured for 9 years and Rs 70 for 12 years term. The payable terms are each 3 years.
There are calculations of policy terms. For 9 years policy terms payouts will be at the end of 3rd, 6th and 9th years. For 12 years policy terms payouts will be at the end of 3rd, 6th, 9th and 12th years.
Maximum age for the policy maturity is 75 years. For the 9 years terms age should be 66 years maximum and for 12 years terms maximum age should be 63 years.
In the period of recession there is no competitor for the policy, now. However, last year there were many market policies with money back guarantee in the insurance market but now, only LIC is on the top.

About the Author
Gian Brett is an expert writer of various subjects. He has written many articles on Insurance Plans also.

IPO-"Initial Public Offering" a Universal Online Share Trading

by Mr. Rajesh

The 2 Year factor A Company which aims to go public should act like a Public company in advance of two years as the preferred IPO. Once a company plans to go Public, it should select the IPO team. This would include a lead investment bank, an accountant and a law firm. A "All-hands" meeting is an official meeting that takes place six to eight weeks before a company formally registers with the Securities & Exchange Commission. A suitable timetable of duties will be assigned to the IPO team members.
The First Step The most significant and time-consuming task facing the IPO team is the extension of the prospectus. The prospectus is basically a business document that primarily serves as a brochure for the company. This brochure includes all financial data of the company for the past five years, information on the management team, and a description of a company's target market, competitors and growth strategy. Soon after getting the final approval from security exchange commission, the national association of security dealers and other security organizations start reviewing the final document.
Stepping Out The next step in the Initial Public Offering process is a "road show" which usually lasts a week or two. The company administration goes to a new city every day to meet with potential investors and explain their business plan. A company's administration team performs the road show to explain the success of the IPO. Companies must make an impact on institutional investors to bring them aboard as significant stakeholders.
The Right Price Investment banks try to put forward a suitable price based on expected demands for the deal and other market conditions. The pricing of an IPO is an insubstantial complementary act. Investment firms have to worry about two diverse sets of clients while the company is going public. It also wants to raise as much money as possible. The investors buying the shares expect to see immediate appreciation in their investment.
Navia Markets Investment banks normally try to price an agreement; hence the opening premium is about 15 percent. Many online IPO's, of course, have raised a large amount on their first day. The offering price should been confirmed at least two days after prospective investors receive the final prospectus. Then an IPO is confirmed effective. Navia Markets a South Indian E- Brokering Company offers effective IPO Services to Resident Indians and NRI's.
Reverse IPO An IPO is not confirmed final until seven days after the company's market debut. On rare occasions, an IPO can be canceled even after a stock starts trading. In such cases, all trading is canceled and any money collected from investors is returned. When a public company is acquired by a private company, this is known as a reverse IPO. This allows a private company to go public at a lesser cost and has diminished risk of stock dilution through an IPO.

About the Author
Rajesh Assistant Vice President Navia Markets Financial Services Pvt Ltd Chennai-34 http://www.naviamarkets.com/

Relief for Gurgaon Floor Owners

In a case which was pending for last 5 years, the Haryana government has finally legalised the registeration of independent floors constructed on plots by private owners, in colonies developed by Haryana Urban Development Authority(HUDA) and private developers such as DLF, Ansals and Unitech.

This is not only good news for the ones who were looking forward by buying property in gurgaon, but brings out relief for the ones who were insecure as they had bought their properties on General Power of Attorney(GPA). Their properties can now be registered in their own names by paying registeration charges to the revenue department.

What used to be in the past ?

• The property aspirants would buy floors on General Power of Attorney(GPA) only and could not register the property in their own name.
• The GPA can be challenged in the court of law by seller after the deal, jeopardising the property rights of the buyer.
• The property buyers would not get finance from the banks since GPA is not considered to be a valid purchase instruments.
• The government would lose revenue in the form of registeration charges and stamp duty in crore of rupees.

What will be from now on?

• People can get independent floors registered in their names and become bonafide owners of the property.
• They also qualify for loans from banks.
• They will also be eligible for separate power, water and sewerage connections.

Google turns Voicemail into E-mail

There is an addition to already prominent and useful features list from google. Google is coming up with a service where in one would have to dial in a number from google and speek as you normally do to make a call and specify an E-mail where the email is to be sent. Google engine would convert the speech into text, draft an email and would be sent to the destination email address.

Thus, further miniming the gap between the Telephone and computers, this would serve as Email on the go.

For complete details about this feature addition refer to news from Reuters :

http://www.wired.com/techbiz/media/news/2009/03/reuters_us_google_voice

Affordable flats in Gurgaon by NBCC.

NBCC- Largest Public sector construction company, has launched a group housing scheme.This scheme applies to employees of Government/State government/Central government/PSU - Public Sector Units/Banks...
The flats vary in dimensions starting from 9000 sq.feets to 2000 sq.feets, complete layout and plan explanation, payment details is provided at this link

http://www.nbccindia.com/nbccindia/public/jsp_pub/gurgaon_scheme.jsp

The scheme allows for filling application for House as an individual or in a group of atleast 30 applicants. So, if we you can try and make a group and assign an individual from the group and ask that individual to submit applications to NBCC. There is also greater possiblity(or probablity) of flat being alloted for group rather than individuals. As 75% of flats are reserved for groups, moving them higher in preference and priority.

Last date for appliying (sending a formal Expression of Interest(EOI) - no payment) in this scheme is 31st March,2009.

SAVE FUEL: YAANI SAVE MONEY

PCRA - Petrolemun Conservation and Research Association, has launched a unquie advertisement for spreading awareness about fuel consumption, being broadcasted these days on Television. It goes something like this - a persion stops at the petrol pump, where in petrol vendor announces that there is a special 20% discount for you and tells him the several ways of reducing fuel consumption which in turn amount to saving money... it is very nicely presented.

DRIVE AT 45-40 KMPH TO CUT YOUR PETROL & DIESEL BILLS BY 20% SERIOUSLY!

Be a fuel efficient car owner.Other than driving at 45-50 kmph, you can

• Switch off your engine at red signals if you have to wait for more than 15 seconds
• Join a car pool
• Drive in the correct gear
• Always maintain the recommended tyre pressure
• Walk or cycle short distances

Even if one half of all car owners follow these simple steps, India will save fuel worth Rs.1,000 crore every year.

Oil is our lifeline. Let us use it efficiently and reduce our fuel bills.

A lemon a day keeps doctor away

The lemon is not only useful ofr making delicious summer drinks but also for therapeutic and beuty purposes.

Here are benefits of consuming the fruit:

• Lemon acts as blood purifier and improves the body's ability to get rid of toxing.


• Lemon fruit is excellent in fighting disease that's related to infection.


• Buy lemon to get rid of certain insects. It's mother nature's version os insectisides and will help to repel mosquitoes and flies.


• Lemon works as a great antiseptic and can be directly applied on skin to relieve pain and infection.Not only that because of its styptics property, it is said that lemon could be applied on cuts to stop bleeding.


• Drinking lemon juice is useful for people with heart problem - because of its high potassium content.


• Pure lemon juice can be used to relieve pain from wasp and bee stings.


• Lemon juice mixed with olive oil may help to dissolve gallstones


• It is believed that regular intake of fresh lemons may be useful in treating cases of kidney stones.