Primassure LLP

  What are Mutual Funds? A mutual fund is a scheme that pools money from a lot of investors and invests it in stocks, bonds, and other types of short-term debt. All the mutual fund’s holdings collectively is known as the mutual fund's portfolio. Owners of mutual funds purchase shares and hence, are called shareholders entailing a portion of the fund and the money it produces. Why to buy Mutual Funds? Mutual funds are one of the best investment instruments to invest into because of the following features which they offer: -  Professional Management : A group of professional fund managers take care of the fund performance based on detailed research. Diversified portfolio: It is commonly said that “Don’t put all your eggs in one basket.” Same principle applies to the mutual fund investment. Mutual fund investment across a wide range of sectors and companies helps reducing the risk of losing money even if one company fails. Affordability: For first investments and subsequent pur...

Introduction We are currently living in the digital era, as we all know. The digital revolution has caused everything in our surroundings to transition from mechanical and analogue to digital form. The distinguishing feature of this period is our capacity to employ digital tools to create new things, processes and commercial operations as well as modify existing ones to meet the requirements of a market that is always changing. About E-Insurance Account (EIA) EIA stands for "e-Insurance Account". A person's electronic insurance policy portfolio is managed by an E Insurance account using an insurance repository. One account to manage and maintain all life and non-life insurance policies from different insurers. "E-insurance policies" refer to all life and non-life insurance policies that are kept in e-insurance accounts as a whole. Features of an e-Insurance Account Only one e-insurance account is allowed in an individual’s name. An e-insurance account holder can...

Policy Term: Premium Paying Term: Commission We previously spoke about how changes to the IRDA regulations affected bonus entitlements, and minimum death benefits with exclusions. Definition once again Endowment insurance plans are made to provide a significant payout in the event of death, as well as, if necessary, survival, maturity, and profit sharing. Policy term The Policy Term is the period for which the Insurance Company is under risk and signifies the existence of a valid policy contract. Premium paying term The amount of time that the policyholder must pay premiums to maintain the contract's validity is known as the Premium Paying Period. The average premium payment period corresponds to the insurance term in length. Yet, some insurance agreements permit the insured to select a premium payment schedule that is shorter than the policy term. The policy term must be no longer than the policy term. The Insurance Term may not, under any circumstances, exceed the Premium Paying ...

  What is investment planning? Investment planning is the process of establishing one's financial objectives and making a strategy to invest the funds necessary to achieve those desires, aspirations, and goals. The security of one's family, a steady income flow, investment growth, an increase in the standard of living, tax planning, and the protection of one's own and one's family's future are all helped by sound investment planning. To help a person or client in achieving their financial goals and objectives, a structural relation to investment planning and administration is essential. The key to this technique is a process that enables me to determine my investment goals and objectives more clearly, evaluate my risk tolerance, account for my financial and emotional constraints, and then create an appropriate portfolio. Creating a solid investment plan Before investing in any kind of financial instrument, you must have a solid investment strategy. Without a plan, a...

  What is Health Insurance? Medical insurance, commonly referred to as health insurance, is a strategy for financial stability that covers unforeseen expenses related to care, hospitalization, and surgery. It provides financial aid to pay for the costs of surgery, hospitalization, and medical treatment. It is a type of insurance coverage that covers the medical and surgical expenses of an insured person. What is a pre-existing illness? Diseases or health conditions that the insured had before purchasing a health insurance policy are referred to as pre-existing conditions. According to IRDAI, a condition is regarded as pre-existing if the insured person had a diagnosis of it up to 48 months before to enrolling in insurance. All chronic medical disorders, including diabetes, asthma, thyroid illness, high blood pressure, and more, are considered pre-existing conditions. Pre-existing diseases in a health insurance plan: Every health insurance policy has a pre-existing condition clause....