LIC profit plus is a unit linked endowment plan where the PPT or the premium payment plan is limited to a single sum of amount more than 3, 4 and 5 years. When the insurance policy gets developed the policy holder can exercise resolution option and can receive the policy money in installments. The installments will be available over a period not more than 5 years from the planned date of maturity of the term.
LIC profit plus does not provide any life cover during this period. The value of the payable installment is a subject to investment risk because the NAV value may go up and down according to the presentation of the fund.
More Details Click Here :- LIC Profit Plus | LIC Life Insurance
MY All Agents
Showing posts with label insurance professionals. Show all posts
Showing posts with label insurance professionals. Show all posts
Thursday, June 10, 2010
Thursday, June 3, 2010
Insurance Institute of India Model Tests online test
Model Tests
and get it evaluated instantly on submission of test paper....Experience the feel of Real Test!
Please go through the Instructions carefully before taking the test.
Instructions for appearing the Model Test:
In order to familiarise yourself about the pattern of question paper, you may attempt model test papers of:
Insurance Institute of India Mock Tests
Insurance Institute of India Mock Tests
and get it evaluated instantly on submission of test paper....Experience the feel of Real Test!
Please go through the Instructions carefully before taking the test.
Instructions for appearing the Model Test:
- The question paper consists of objective type questions only.
- For every question, you will find four alternative answers. To select your answer, click on the radio button next to the alternative.
- In case you want to change the answer click on any other desired alternative.
- After completing the test, press the ‘done’ button. A list of questions attempted as well as not attempted will appear along with the two options,
viz, ‘Go back to question paper’ or ‘Submit answer paper’.
- In case you want to go back to your question paper, to recheck your answers, click on the ‘Go back to question paper button’.
- Click on the ‘Submit question paper’ button to submit the paper and result will be displayed on the screen
- Click on ‘Close window’ to close the model test paper.
Tuesday, May 25, 2010
Insurance Agency Marketing and PR
Small business marketing tips help any business promote their products and services. Identify an insurance agency’s marketing and public relations campaign objectives to stay on target. Some questions to ask:
* What will be gained by an insurance agency’s marketing campaign?
* Is the focus on finding new customers or customer retention? Or both?
* What messages should be sent to prospects, customers, business partners and insurance agency employees?
Completing an executive summary, a more complex SWOT (Strengths, Weaknesses, Opportunities and Threats exercise) or compiling competitive intelligence helps small businesses identify their insurance agency’s marketing and public relations objectives and to get agreement on them.
Small Business Marketing Goals
Set concrete marketing and public relations campaign goals for an insurance agency or small business. Agencies may need to change goals later, but this sets checkpoints to review progress throughout the campaign. Here’s a sample marketing campaign goals and objectives statement:
Lisa Nichols' Insurance Agency has a great opportunity to find all-new customers in 2008. It is estimated that there are 10,000 potential, eligible agency customers in our community. The agency anticipates that 1,000 new customers will join the agency by the end of 2008, and that an additional 2,000 customers will be on board by June 2009.
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
L.I.C. Development Officers' Exam
L.I.C. Development Officers' Exam
A competitive examination for the recruitment of Assistant Development Officers' in the Life Insurance Corporation is held once a year, generally in the month of
September. The blank application forms and particulars are published in the Employment News, generally in the month of July and the last date for submission of applications is generally the first week of August.
Educational Qualifications: Candidates must hold a Bachelor's Degree in Arts, Science, Commerce, Agriculture or Law of an Indian or Foreign University or an equivalent qualification.
Age Limits: The applicants should have completed the age of 21 years on the 1 st July of the year of examination.
More Detail Pls check the link
L.I.C. Development Officers' Exam
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