Showing posts with label IRDA Exam Paper. Show all posts
Showing posts with label IRDA Exam Paper. Show all posts

Friday, June 25, 2010

IRDA to cap reduction in yield on ULIPs from sixth year onwards

IRDA to cap reduction in yield on ULIPs from sixth year onwards
Policy holders of Unit Linked Insurance Plans (ULIPs), who wish to pre-maturely withdraw can now be happy as their investment will soon have some protection.
The Insurance Regulatory and Development Authority (IRDA) is planning to cap reduction in yield from the sixth year (of the policy) onwards, according to reliable sources.
Earlier, the cap was applicable only at the time of maturity. If anybody pre-surrenders their policy, the return on the investment is dependent on the discretion of the insurer.
The new norm, which will be announced shortly will in a way remove the earlier anomaly and make ULIPs more customer-friendly.
More :- IRDA to cap reduction in yield on ULIPs from sixth year onwards

Monday, May 17, 2010

Employment Insurance

About Employment Insurance

It has often been said that bad things can happen to you even without your cooperation. That can also be said about jobs and careers. Shortage of available work, mass lay-off and retrenchments, reorganizations and mergers, in today fast pace anything can happen. When it comes, the experience can be devastating for many, made worse when savings are not enough, debts are high and payments are in arrears.

Being prepared is always the best way to cushion the effects of loosing income. Having insurance employment makes you continue to enjoy the benefits of income. Employment insurance can aid you on receiving maternity, sickness compassionate care services, provide support for a member of the family who is ill, caring for an infant, even fishing benefits and many more.

More:- http://www.myallagents.com/Employment-Insurance/details.html

Finding a good Insurance Agent

Finding a good Insurance Agent

My wife had been looking for several weeks trying to find a new insurance agent
. She had asked a bunch of people she knew at work and even some of the neighbors. While everyone gave her a recommendation, there was no prevalent choice.

More :- http://www.myallagents.com/Finding-a-good-Insurance-Agent/details.html

Life Insurance: Financial Security For Your Family

Life Insurance: Financial Security For Your Family

Life insurance is one of the major needs for the people today. With the help of it, one can secure the future of his or her family financially.

In the recent times, insurance has become necessary for every person. Several insurances schemes are in the limelight such as car insurance, home insurance, etc. Life Insurance is one of the major insurance schemes. It has become a major requirement for the people nowadays.

Every person wants the bright future for his family. He tries his best in order to accomplish this purpose. But, a prominent tension remains in the minds of everyone, i.e., what will happen of his family after his death. Life insurance is the plan which helps the family a person if he faces a sudden death due to an accident or any type of serious illness.
More :- http://www.myallagents.com/Life-Insurance-Financial-Security-For-Your-Family/details.html

Insurance Leads - A Boon For Agents

Insurance Leads - A Boon For Agents

Are you an insurance agent who is clamouring to get good reliable insurance leads? Have you ever thought of buying them? If not then it is probably high time you did. Whether you are an agent who is new to the insurance industry or whether you are looking to just expand your customer base buying good insurance could be your ticket to better prospects and correspondingly better business. You might think why pay money and buy leads. It is the benefits you could reap that you should be thinking of. With winning leads you save time. You will of course know that time means money for insurance agents. So net-net by buying leads that work you can end up with enhanced profits.

There is a catch though. The insurance leads you pursue should be genuine and should have a good hit rate - that is you should be able to convert a substantial number of them into your customers. There are some tips you can follow to ensure that leads turn into a boon. Your foremost concern is to select a good lead generation company which solves half your problems. Ask questions to find out how a company generates insurance leads for you. This can give you a heads-up on the effectiveness of the leads. There are a number of methods like searching through their websites with organic searches or using affiliates; they could also be using paid searches - all of which have pros and cons. You should take care to see if the method being used generates relevant leads for your line of insurance and for your location/ area. Make sure you get enough leads to follow up periodically. Of course a few solid leads are way better than numerous leads that lead you nowhere.
More:- http://www.myallagents.com/Insurance-Leads-A-Boon-For-Agents/details.html

How to Find an Insurance Agent Online

In a commonwealth with a high-cost of living, grasp residents of the world can search for the best insurance
protection online as a means to reliability so as to exploit the optimal deals obtainable. It is essential to inquire the diametric options and take the varied kinds of coverage that covers all the costs.

An online insurance agency facilitates this inquiry by displaying useable options and providing quotes that would traverse hours to obtain rather than the superficial phone book or directory pages, and then occupation disparate companies individually to utter to representatives and solvent their questions before leaking out the wanted information. Consumers can also comprehend out which insurance agents are localized if their deprivation is to have a broker who is conveniently settled close to their homes or offices. It is also an upright melody to periodically contain funds with which consumers may not be altogether satisfied.
More :- http://www.myallagents.com/How-to-Find-an-Insurance-Agent-Online/details.html

The Top 3 Insurance Marketing Mistakes — and How Agents Can Avoid Them

The Top 3 Insurance Marketing Mistakes — and How Agents Can Avoid Them

Insurance agents have to wear many hats, especially if they’re building their own agency. With everything you have to do each day to keep your business running, marketing often falls through the cracks.

If you’re like most agents, your first priority is sales.

But you’re also the bookkeeper responsible for keeping your accounts in order. Plus you’re the office manager making sure everything runs properly. And you’re probably also the janitor responsible for keeping your office clean. Months fly by without any time for serious marketing
materializing.

If this sounds familiar, take a minute to check your marketing efforts and results against this list of common missteps… and solutions.

If you find that you’re guilty of any or all of them, don’t take it personally. Instead, congratulate yourself on discovering an opportunity to improve sales — or even head off at the pass a future slump in insurance leads. Like the saying goes, an ounce of prevention is worth a pound of cure.
More :- http://www.myallagents.com/The-Top-3-Insurance-Marketing-Mistakes-and-How-Agents-Can-Avoid-Them/details.html

Selling life insurance policies for profit.

Selling life insurance policies for profit.
Insurance policies with rising or re-appearing premiums can often cause their owners problems, especially when those owners’ financial needs or obligations change.
Is it a better investment to continue paying a policy that you have already paid into in hopes of a gain at maturation, or to recoup some of the investment by trading the policy for its cash surrender value? Corporate policyholders often face additional dilemmas when dealing with departing executives with key-man or split-dollar policies, or insurance purchased as part of a buy-sell agreement.
Another option is to sell the policy for cash. With a life settlement, the policyholder realizes an amount much greater than the cash surrender value in exchange for the ownership of the policy, thus increasing immediate revenue for companies holding unprofitable policies.
More :- http://www.myallagents.com/Selling-life-insurance-policies-for-profit/details.html

Some facts about insurance

Some facts about insurance

This article consists of useful tips everyone should take into account in order to choose wisely and better from the vast selection of insurance propositions. Useful facts on insurance no matter which insurance type you choose.

1.Insurance policies usually cover one of two situations.
Policies are divided into term ones and policies of complete insurance. The whole life policies have many variations covering different life situations and they can also be combined with term policies in some cases.

2.There’s more interest in selling life insurance than in buying it.
Agents in U.S. thy their best when selling life insurance policies as this sphere of business has extremely high commission paid to agents from each life policy sold.

3.Whole life policies cost too much.

More :- http://www.myallagents.com/Some-facts-about-insurance/details.html

Understanding The Impact Of Life Insurance

Understanding The Impact Of Life Insurance

The price of dying, especially funerals, is going up each day, and your loved ones need some sort of security within the event you decease. This is one in all the various reasons life insurance should be a necessity, instead of a luxury. If you don't have an arrangement for covering for your funeral costs the responsibility of the payments can be due to those you leave behind. There have been whole families financially lost by the sudden death of a loved family member.

Your family ought to have the peace of mind and protection of life insurance. A well-written insurance from a reliable company guarantees your family there can be no surprises thanks to anyone's death. Life insurance prices are calculated in the first place on your age and health. The younger and healthier you're the less costly the policy will be. If you are older and have health problems then you'll pay more for a policy. Primarily based on that, getting a policy in place as long as you're younger is the most effective idea.

More:- http://www.myallagents.com/Understanding-The-Impact-Of-Life-Insurance/details.html

Life Insurance Is Necessary for People of All Ages

Life Insurance Is Necessary for People of All Ages

Life insurance is something that most people would rather not think about, especially young people who are in the prime of their lives and are enjoying the experiences of raising family and working at exciting careers. If you are someone who has been putting off taking out a life insurance policy
, perhaps it is time to ensure that your family will be cared for in the tragic and unfortunate case that something may happen to you.

More :-

http://www.myallagents.com/Life-Insurance-Is-Necessary-for-People-of-All-Ages/details.html

Sunday, May 16, 2010

Growing Your Life Insurance Business

Growing Your Life Insurance Business 
In many ways, life insurance is like having a Will written. Most people put both on the back burners. While most people need life insurance, they feel no sense of urgency.

The best prospects are individuals who have just had a "life event". A life event would include - a couple getting married, a couple having a baby, an individual changing jobs or starting their own business. So, how do I find prospects having life events? One of the greatest sources is referrals. Every couple that you meet with let them know that you specifically work with married couples. Do they have any friends or relatives that are married? Make it your goal to leave a meeting with 3 or 4 referrals.

Another source of referrals is through a professional network. Its important to work with an estate attorney, a mortgage broker, a realtor and an insurance agent that only writes auto and homeowners insurance.
More :- http://www.myallagents.com/Growing-Your-Life-Insurance-Business/details.html

Facilities given to NRIs by LIC Housing Finance

Facilities given to NRIs by LIC Housing Finance:

LIC Housing Finance also serves the Non-resident Indians. NRIs ought to have valid passports to take up policies offered by LIC Housing Finance. The other formalities can be done on their India visits or sent by mail-order business. The various facilities offered by the company to the NRIs include policies to ensure children's education, pension to retired individuals, loans to buy houses, and schemes to ensure specific incomes to NRIs at intervals throughout their life. The forms are easily available on the Internet. Completed forms with medical reports and the sum of the first installment need to be sent to any of the offices of the company. The premia can be submitted in a number of ways - the guardian/husband/wife of the policy holder, living in India will be able to pay off the loan amount on behalf of the policyholder living abroad, or by paying off the premium amount through the Indian bank in which the policyholder has an account, and so on.
More :- http://www.myallagents.com/LIC-Housing-Finance/details.html

How to change LIC Insurance Agent?

How to change LIC Insurance Agent?

Why you need to change the LIC insurance agent?

When you go overseas or when you are very busy so that you cannot go to LIC office directly you think about a question “How to change LIC Insurance Agent?” This article deals in answering that question. It is a very simple process to change the LIC insurance agent when you follow these steps.

Are you in overseas? Do you wish to change your LIC insurance agent? Follow these steps to change the LIC insurance agent.

The following steps are the procedures for the person who is in overseas and cannot go to LIC in person:
See in the following link :- http://www.myallagents.com/How-to-change-LIC-Insurance-Agent/details.html

Insurance Agent Jobs in India

Insurance Agent Jobs in India

Insurance agents are the arms of insurance companies to contact people. Insurance agents do policy sales and public relation on behalf of the company. Among insurance company agents there are captive agents who work exclusively for one company and there are brokers who represent many companies. Insurance agents help individuals, families and businesses select insurance policies that provide the best protection for their lives, health, and property. The insurance agents are served with plenty of chances to be absorbed in regular employment schemes of the company. Depending on their educational qualifications and strengths, the agents get good chances to become employee of the company.
Being Insurance advisor can be an enriching and exciting career option, be in touch with the latest and finest insurance practices from around the globe, and grow both personally and professionally. The insurance companies are known for its informal and friendly work environment.

More :- http://www.myallagents.com/Insurance-Agent-Jobs-in-India/details.html

IRDA may change commission structure of insurance agents

Irda may change commission structure of insurance agents

New Delhi: India’s insurance regulator plans to alter the commission structure of agents to help life insurers cut costs, a top official said. The move could also benefit policyholders.

For both insurers and the insured, a large chunk of first-year premium goes towards writing off distribution costs such as agents’ commissions.

According to the guidelines of the Insurance Regulatory and Development Authority, or Irda, the commission depends on the type of insurance plan.

More:- http://www.myallagents.com/IRDA-may-change-commission-structure-of-insurance-agents/details.html

What Are Mutual Funds?

What Are Mutual Funds?

As a popular investment option, you have probably already heard plenty about mutual funds. Chances are you own mutual funds in your retirement plan or brokerage account. In fact, according to the Investment Company Institute, more than 92 million individuals in the U.S. (about 45% of U.S. households) owned mutual funds in 2008. But do you know what mutuals fund are and why so many people own them?

Mutual funds are an investment that allows a group of investors to pool their money and hire a portfolio manager. The manager invests this money (the fund’s assets) in stocks, bonds or other investment securities (or a combination of stocks, bonds and securities). The fund manager then continues to buy and sell stocks and securities according to the style dictated by the fund’s prospectus.

Fees of Mutual Funds

All mutual funds charge fees to operate and manage the fund. Management fees pay the fund companies (or managers) to manage the funds. Some funds also charge investors an upfront sales charge/load when he/she first purchases shares in the fund, while other funds charge a back-end load (contingent deferred sales charge) upon sale of fund shares. There are also funds that have no sales charge and these are known as “no-load funds.” 12b-1 fees are imposed by some funds to cover marketing and distribution costs. There are also various share classes of funds that differ in fee structure according to class (Class A, Class B, Class C, etc.)
Structure of Mutual Funds

Technically, mutual funds are “open-end” funds -- one of four basic types of an investment company. Closed-end funds, exchange-traded funds and unit investment trusts are three other types. As investment companies, mutual funds are regulated under the Investment Company Act of 1940.
More Details :- http://www.myallagents.com/What-Are-Mutual-Funds/details.html

Wednesday, May 12, 2010

Tips To Keep More Money in Your Pocket in a Easy Way

Tips To Keep More Money in Your Pocket

Skyrocketing gas prices have gotten a lot of media attention this year, but most consumers have surely noticed that the costs of many basic goods have also crept higher, taking a toll on their monthly budgets. The Virginia Society of CPAs offers these suggestions on the best ways to boost the cash in your pocket.

Links :- 1) Tips To Keep More Money in Your Pocket
                            2) How to Become LIC Agent
                            3) How to Become a Federal Agent

LIC Agent Exam - IRDA Agent Exam Question Paper

Insurance Institute of India conducts every year an all India based competitive exam for recruitment of Insurance agents and is known by the name of IRDA exam or Insurance Regulatory and Development Authority exam. The basic requirement to sit for the exam is that he or she must have cleared his class 12th from a recognized university or board.

IRDA exam can be given in two modes, online and offline. Candidates preferring to go for manual mode would have to submit duly filled-in exam entry form to the concerned authority. The form is also supposed to be countersigned by the sponsoring insurer. Now, if the applicant wishes for both the general as well as life branches, he or she would have to fill two separate forms.

As regards the pattern of question is concerned, theme always remains the same, as in all the questions would be related to the Insurance, loans, regulations and their general application. Moreover, you can also expect some numerical problems as well. However, they won’t be rocket science, so you do not have to worry. They would be like normal percentage, discount and loan calculation.
Sample Exam Paper
1) IRDA Agent Exam Question Paper - 1
2) IRDA Agent Exam Question Paper - 2
3) IRDA Agent Exam Question Paper - 3