Insurance and Investment

Perhaps the title of the article may appear confusing to many, as they might be under the impression that these two words have nothing in common and rather represent two totally different ideas or thinking.
It was quite true in India few years back when the insurance industry was not opened to foreign investors and financial reforms have not been implemented. In pre reform era there was only one Life Insurance Company in India - LIC- Life Insurance Corporation of India. It had a monopoly in this industry and the government support and backing.
Being the only player in the market, there was nothing special in the kinds of policies - as a product. Whatever was available, at whatever price and in whatever form- was sold and purchased? It has no alternative and customers were compelled to purchase those products.
In those days particularly long term plans, life term plans - known as term policies or whole life policies were mainly sold by LIC. It had a peculiar term ranging from 20-35 years. The only specialty of LIC plans was that they were available at meager cost, very low monthly installments etc. They were quite within the reach of a common man. So people purchased them not with great intention, but for having some insurance cover or in many cases even not knowing the reason of purchasing. It was just a one aspect of saving some money, without any thinking of return on it.
Naturally as insurance was never thought as an investment avenue, no one expected great returns on it. People were happy with whatever 6 -7% returns they got over the span of 20-35 years. Therefore insurance has never been considered as an investment option in India till recently.
Financial Reforms in India, including insurance reforms opened doors to foreign investors and Indian Market was flooded with number of experienced, developed, world known insurance players from the world.
This reform process has greatly benefited the Indian customers in various ways. Completely new types of plans, tested worldwide were made available to them. The competition in the market improved the customer service of LIC out of business compulsions. Availability of multiple products made them possible to compare the benefits and cost structure, which was unknown for them up till now. Before insurance reforms hardly anyone known the cost involved in LIC policies, and no one bothered about it also.
The main changing factor was the introduction of unit linked policies. These are the new products, wherein people can think of earning more returns, even more than the fixed deposit rates of the nationalized banks in India in medium to long term plans. As unit linked policies offer higher return, naturally it involves greater risk also. However, no one can think of high return without any risk. Those are related to share market and high fluctuations and volatility in it also affects the valuation of the units - called as NAV- net asset value. However experience teaches that in spite of cost and risk involved in it, it offer higher return to the Investor. Investor can look to insurance policy as a way of earning higher return, as an investment avenue. It can be easily included in investment portfolio of common man.
ICICI Prudential Life Insurance Company, the leading and Number One private insurance company, since its inception, has maintained its lead in the industry in India due to its best's products, efficient service, customer friendly approach, wise investment policy and so many other factors. Insurance policy holders of ICICI Prudential Life Insurance have been rewarded with high and reliable returns. Therefore today in India now even the common man's idea of looking towards insurance is also changing. It is not only considered as coverage of risk of death but also appreciation of premium paid over the term during life, so that he can enjoy benefit of insurance policy during life. There is no use of it to proposer after his death.
So ICICI Prudential Life Insurance Policies are giving convincing high return for enjoyment during life time - " Enjoy Wealth created during the Life Time"

Credit: Ezin

Auto Insurance Search - Where You Start

Auto insurance is considered as a very important element of a vehicle. It is also illegal to drive a vehicle without an insurance. In the past, people were supposed to consult different insurance companies for obtaining insurance quotes for selecting the best package suitable for their vehicle. However, with the advent of internet technology, you will be able to do this from your comfort zone. When you search auto insurance quotes online, you will be able to find the quotes provided by different insurance companies, Moreover, there are also few websites on the internet, which will provide you comparison software, which will help you to compare the prices and other details easily.
With the help of internet, you can find the best insurance package suitable for your vehicle. Moreover, you can also save your money and time, as you may not have to roam around the city searching for quotes. However, there are still many people, who are not able to find the right package for their vehicle through internet. Most of them do not have the necessary skills and tactics for comparing effectively. If you are one amongst them, this could be the right article for you. In this content, you will come across some of the vital factors, which you should consider when looking for an auto insurance policy. Below listed are some of the important factors, which you should consider for obtaining the right insurance package for your vehicle.
Know How to Use Search Engines:
Although this is a common and basic step, proper use of search engine is very important for finding the right insurance deal. Searching for the right rates should be done with proper attention. For instance, when you are looking insurance rates, auto insurance search engine plays a major role. There are also many other features that you can use in the search engine for obtaining the best results. With the help of these features, you will be able to find many auto insurance companies. Search engine will also help you to search through blogs as well as in the local business listings. Apart from this, there are new features available in the search engines for instant search such as Google Instant. This type of search can make your research easier, as it will deliver you the exact results within seconds.
Reading the Auto Insurance Reviews:
When you are selecting a company for buying an insurance package for your vehicle, it is quite imperative to do some basic background research on it. This will help you to know the reputation of the company as well as the quality of the packages they provide for the customers. Most of the websites that will provide insurance quotes that will also offer you the reviews, which can give more information on the company. Moreover, reading the reviews will also help you to know about the dos and don'ts that you should know while shopping for insurance.

I went from paying $300 per month to $110 per month by using an Auto Insurance Search engine.

Article Source: http://EzineArticles.com/?expert=Morten_Golten

@http://collectorcarinsuranceblog.com/

DEC
20
Finding the Most Affordable Car Insurance
Posted by admin in Affordable Car Insurance on 12 20th, 2009 | 2 Comments

It is illegal to drive without car insurance and everyone needs car insurance because if a driver is in an accident that is deemed his or her fault; there can be huge liability which could lead to rather large payments that would need to be made to the victim of an accident. This can get quite expensive so it is necessary to have car insurance in the case something like this happens.

The problem with getting accident insurance is that it can be very expensive, especially if you are a new or young driver. Many people find it difficult to make their car payments and have even more difficulty paying their car accident insurance. The trick to easing this difficulty is to find affordable car insurance.

While finding affordable car insurance may sound like a good idea, it is not as easy as one may think. It requires a lot of active research on the soon to be insured’s part. Many companies will base your rate on various factors such as age, gender, driving history, and your location. Different insurance companies offer different kinds of discounts based on positive factors such as a good driving record or high grades in school.

Often time’s people make the mistake of assuming that all insurance companies will charge about the same because of the similar discounts. The truth is these insurance companies are competing with each other to get your business. This puts you at an advantage over the insurance companies when it comes to finding affordable car insurance.

With this in mind do not be afraid to talk to multiple insurance companies, analyze the type of coverage your need and go with the company that offers you the best deal and the most coverage at an affordable rate that wont break your bank.
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