Motivational stuff
🏌♂Always bear in mind that your own resolution to success is more important than any other one thing. —Abraham Lincoln🏌♀
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🏌♂Always bear in mind that your own resolution to success is more important than any other one thing. —Abraham Lincoln🏌♀
Join @solutiontoall
IBPS CLERK PRE Exam Call latter out.. link in below..👇🏻👇🏻
https://ibpsonline.ibps.in/crpclk9sep19/clopea_nov19/login.php?appid=12d3623aedcf5682381569d9daf75cc1
https://ibpsonline.ibps.in/crpclk9sep19/clopea_nov19/login.php?appid=12d3623aedcf5682381569d9daf75cc1
EPFO-Assistant-Final-Result-2019.pdf
1.2 MB
EPFO Assistant Final Result 2019 Declared
💐❣ Updates on LIC Assistant Pre Result ❣💐
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#forwarded as received
Today Madras High Court has extended interim stay order up to 15.12.2019 & LIC management cannot declare Preliminary Exam results and followed by other selection up to 15.12.2019. Next hearing date has been fixed on 15.12.2019. The Judge has questioned the LIC Management that when 10000 temporary Employees are ready to work in LIC but why you are recruiting 8000 vacancies from open market. I feel that you are not ready to give job to thousands of Temporary Employees as per CGIT Award dated 18.06.2001 so that I extend stay order up to 15.12.2019.
Next details, I'll share with you as and when available.
Subscribe Team- @solutiontoall
Subscribe Team- @solutiontoall
#forwarded as received
Today Madras High Court has extended interim stay order up to 15.12.2019 & LIC management cannot declare Preliminary Exam results and followed by other selection up to 15.12.2019. Next hearing date has been fixed on 15.12.2019. The Judge has questioned the LIC Management that when 10000 temporary Employees are ready to work in LIC but why you are recruiting 8000 vacancies from open market. I feel that you are not ready to give job to thousands of Temporary Employees as per CGIT Award dated 18.06.2001 so that I extend stay order up to 15.12.2019.
Next details, I'll share with you as and when available.
Subscribe Team- @solutiontoall
5_6271489495904813299.pdf
130.4 KB
Amravati LIC Assistant Result
5_6271489495904813301.pdf
143.9 KB
Kolhapur LIC Assistant Result
5_6271489495904813302.pdf
246.8 KB
Nagpur LIC Assistant Result
5_6271489495904813303.pdf
101.4 KB
Nashik LIC Assistant Result
5_6271518890660987124.pdf
80.2 KB
Pune LIC Assistant Result
5_6271489495904813304.pdf
151.3 KB
Satara LIC Assistant Result
5_6271518890660987125.pdf
142.3 KB
Thane LIC Assistant Result
5_6271489495904813305.pdf
268.6 KB
Mumbai DO-1 LIC Assistant Result
Aurangabad.pdf
117.6 KB
Aurangabad LIC Assistant Result
5_6271754379422859468.pdf
207.2 KB
Nanded LIC Assistant Result
LIC Assistant result declared
Zone wise - Result PDF
https://www.licindia.in/Bottom-Links/Recruitment-of-Assistants-2019
💁♂️JOIN :- @solutiontoall
Zone wise - Result PDF
https://www.licindia.in/Bottom-Links/Recruitment-of-Assistants-2019
💁♂️JOIN :- @solutiontoall
...Basic Insurance Terminologies...
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• Insured
The person(s) covered by the insurance policy.
• Premiums
The monthly or annual amount that you must pay in order to have the insurance coverage.
• Face Amount
The dollar amount that the insurance policy would pay out upon the death of the Insured.
• Primary Beneficiary
The person(s) designated to receive the proceeds of the life insurance policy upon the death of the Insured.
• Contingent Beneficiary
The person(s) designated to receive the proceeds of the life insurance policy if the Primary Beneficiary is no longer living.
• Term Life Coverage
The type of coverage that lasts for only a specified period of time (the “term”) and has a defined ending date. The face amount would be paid to the designated beneficiary if the Insured dies while the policy is in force.
• Whole Life Coverage
The type of coverage that can last for as long as the Insured is alive, provided that all of the premiums are paid. This type of coverage usually keeps the same premium rate throughout the life of the policy.
• Actual Cash Value
The replacement cost of the item minus depreciation.
• Agency
The legal principle that allows an individual or organization to represent another individual or organization. Also, an organization that sells and services insurance policies to consumers.
• Agent
A person licensed by the state insurance authority to sell insurance products. The agent represents the insurance company in all transactions.
• Claim
Notification to the insurance company that a loss has occurred and a demand of payment for the loss, as provided by the terms of the insurance policy.
• Commercial Insurance
Protects businesses and organizations in event of unexpected loss. Commercial insurance includes is property insurance, liability insurance, workers compensation and automobile insurance.
• Deductible
A portion of a covered loss that is not paid by the insurer.
• Endorsements
Insurance policy modifications to meet the special needs of an individual risk.
• Indemnify
To restore the one who suffers a loss, in whole or in part, by payment, repair or replacement to the same condition they were in prior to the loss.
• Insurance
A contractual means of transferring the payment of a loss to a third party by means of a contract and the pooling of similar risks.
• Insurable Interest
Interest from which monetary loss will result if the peril insured against occurs; possibility of financial loss that can be protected against through insurance.
• Law of Large Numbers
A statistical principle that indicates that the larger the number of examples, the more accurate and predictable the statistic will be. This is one of the main principles involved in determining insurance actuarial tables.
• Liability
Condition of being bound by law or contract to do something that may be enforced in the courts; obligation, usually financial; probable cost of meeting an obligation.
• Loss
Basis of a claim for indemnity under provisions of an insurance policy. A loss is measured in terms of the reduced value of the property, the amount of medical and other related expenses, or the amount of the claim made against an insured.
• Personal Insurance
Protects individuals and families from risk of loss to their assets. Personal insurance includes automobile insurance, homeowners insurance and insurance for boats, jewelry and other special items.
• Premium
Designated amount payable by the insured to the insurance company and required to keep the contract in force.
• Policy
The insurance contract and all attached endorsements, including type of insurance coverage, the limits paid for particular loss and the amount the insured paid in premium.
• Replacement Cost
Cost to purchase new property to replace older property that was lost or damaged.
• Risk
Condition in which there is a possibility of loss. Also a term indicating the person or property insured.
• Underwriting
Process an insurance company uses to determine who will be offered an insurance policy and at wh
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• Insured
The person(s) covered by the insurance policy.
• Premiums
The monthly or annual amount that you must pay in order to have the insurance coverage.
• Face Amount
The dollar amount that the insurance policy would pay out upon the death of the Insured.
• Primary Beneficiary
The person(s) designated to receive the proceeds of the life insurance policy upon the death of the Insured.
• Contingent Beneficiary
The person(s) designated to receive the proceeds of the life insurance policy if the Primary Beneficiary is no longer living.
• Term Life Coverage
The type of coverage that lasts for only a specified period of time (the “term”) and has a defined ending date. The face amount would be paid to the designated beneficiary if the Insured dies while the policy is in force.
• Whole Life Coverage
The type of coverage that can last for as long as the Insured is alive, provided that all of the premiums are paid. This type of coverage usually keeps the same premium rate throughout the life of the policy.
• Actual Cash Value
The replacement cost of the item minus depreciation.
• Agency
The legal principle that allows an individual or organization to represent another individual or organization. Also, an organization that sells and services insurance policies to consumers.
• Agent
A person licensed by the state insurance authority to sell insurance products. The agent represents the insurance company in all transactions.
• Claim
Notification to the insurance company that a loss has occurred and a demand of payment for the loss, as provided by the terms of the insurance policy.
• Commercial Insurance
Protects businesses and organizations in event of unexpected loss. Commercial insurance includes is property insurance, liability insurance, workers compensation and automobile insurance.
• Deductible
A portion of a covered loss that is not paid by the insurer.
• Endorsements
Insurance policy modifications to meet the special needs of an individual risk.
• Indemnify
To restore the one who suffers a loss, in whole or in part, by payment, repair or replacement to the same condition they were in prior to the loss.
• Insurance
A contractual means of transferring the payment of a loss to a third party by means of a contract and the pooling of similar risks.
• Insurable Interest
Interest from which monetary loss will result if the peril insured against occurs; possibility of financial loss that can be protected against through insurance.
• Law of Large Numbers
A statistical principle that indicates that the larger the number of examples, the more accurate and predictable the statistic will be. This is one of the main principles involved in determining insurance actuarial tables.
• Liability
Condition of being bound by law or contract to do something that may be enforced in the courts; obligation, usually financial; probable cost of meeting an obligation.
• Loss
Basis of a claim for indemnity under provisions of an insurance policy. A loss is measured in terms of the reduced value of the property, the amount of medical and other related expenses, or the amount of the claim made against an insured.
• Personal Insurance
Protects individuals and families from risk of loss to their assets. Personal insurance includes automobile insurance, homeowners insurance and insurance for boats, jewelry and other special items.
• Premium
Designated amount payable by the insured to the insurance company and required to keep the contract in force.
• Policy
The insurance contract and all attached endorsements, including type of insurance coverage, the limits paid for particular loss and the amount the insured paid in premium.
• Replacement Cost
Cost to purchase new property to replace older property that was lost or damaged.
• Risk
Condition in which there is a possibility of loss. Also a term indicating the person or property insured.
• Underwriting
Process an insurance company uses to determine who will be offered an insurance policy and at wh
Join @solutiontoall
Common Life Insurance Terms You Should Know About Part 1:
1. Policyholder:
The policyholder is the one who proposes the purchase of the life insurance policy and pays the premium (see #7 Premium). The policyholder is the owner of the policy and s/he may or may not be the life assured (see # 2 Life assured).
2. Life assured:
Life assured is the insured person. Life assured is the one for whom the life insurance plan is purchased to cover the risk of untimely death. Primarily, the breadwinner of the family is the life assured.
Life assured may or may not be the policyholder. For instance, a husband buys a life insurance plan for his wife. As the wife is a homemaker, husband pays the premium, thus the husband is the policyholder, and wife is the life assured.
3. Sum assured (coverage):
Life insurance is meant to provide a life cover to the insured.
The financial loss that may arise due to the passing away of the life assured is generally chosen as a life cover when buying a life insurance plan. In technical terms, ‘Sum Assured’ is the term used for an amount that the insurer agrees to pay on death of the insured person or occurrence of any other insured event.
You may come across the term ‘sum assured’ at the time of comparing policies online, when buying life insurance plan, and in the policy document. The sum assured is the amount that the life insurance company will pay to the nominee (see #4 Nominee) if the insured person dies during the policy tenure (see #5 Policy tenure).
The sum assured is chosen by the policyholder at the time of purchase. To know more and to choose the right coverage, read this.
4. Nominee:
The ‘nominee’ is the person (legal heir) nominated by the policyholder to whom the sum assured and other benefits will be paid by the life insurance company in case of an unfortunate eventuality. The nominee could be the wife, child, parents, etc. of the policyholder. The nominee needs to claim life insurance, if the life assured dies during the policy tenure (see #5 Policy tenure).
5. Policy tenure:
The ‘policy tenure’ is the duration for which the policy provides life insurance coverage. The policy tenure can be any period ranging from 1 year to 100 years or whole life, depending on the type of life insurance plan and its terms and conditions. Many a times, it is also referred to as policy term or policy duration.
The policy tenure decides for how long the company is providing the risk coverage. However, in the case of whole life insurance plans, the life coverage is till the time life assured is alive.
6. Maturity age:
Maturity age is the age of the life assured at which the policy ends or terminates. This is similar to policy tenure, but a different way to say how long the plan will be in force. Basically, the life insurance company declares up front the maximum age till which the life insurance coverage will be provided to the life insured. For instance, you are 30 years old, you opt for a term plan with a maturity age of 65 years. That means the policy will have a coverage till you are 65 years old, which also means, the maximum policy tenure for a 30-year-old is 35 years.
7. Premium:
The premium is the amount you pay to keep the life insurance plan active and enjoy continued coverage. If you are unable to pay the premium before the payment due date and even during the grace period (#13 Grace period), the policy terminates.
There are various options on how you can pay the premium – regular payment, limited payment term, single payment (discussed below #8 Premium payment mode).
8. Premium payment term/mode/ frequency:
You can pay the life insurance premium as per your convenience.
Regular Premium Payment - You can pay premium regularly throughout the policy term either – monthly, quarterly, half-yearly or yearly.
Limited Premium Payment – You can choose to pay the premiums for a limited amount of time. In this option, you do not pay till the end of the policy term, but for a certain pre-fixed number of years. For example, 10 years, 15 years, 20 years, and so on.
Common Life Insurance Terms You Should Know About Part 1:
1. Policyholder:
The policyholder is the one who proposes the purchase of the life insurance policy and pays the premium (see #7 Premium). The policyholder is the owner of the policy and s/he may or may not be the life assured (see # 2 Life assured).
2. Life assured:
Life assured is the insured person. Life assured is the one for whom the life insurance plan is purchased to cover the risk of untimely death. Primarily, the breadwinner of the family is the life assured.
Life assured may or may not be the policyholder. For instance, a husband buys a life insurance plan for his wife. As the wife is a homemaker, husband pays the premium, thus the husband is the policyholder, and wife is the life assured.
3. Sum assured (coverage):
Life insurance is meant to provide a life cover to the insured.
The financial loss that may arise due to the passing away of the life assured is generally chosen as a life cover when buying a life insurance plan. In technical terms, ‘Sum Assured’ is the term used for an amount that the insurer agrees to pay on death of the insured person or occurrence of any other insured event.
You may come across the term ‘sum assured’ at the time of comparing policies online, when buying life insurance plan, and in the policy document. The sum assured is the amount that the life insurance company will pay to the nominee (see #4 Nominee) if the insured person dies during the policy tenure (see #5 Policy tenure).
The sum assured is chosen by the policyholder at the time of purchase. To know more and to choose the right coverage, read this.
4. Nominee:
The ‘nominee’ is the person (legal heir) nominated by the policyholder to whom the sum assured and other benefits will be paid by the life insurance company in case of an unfortunate eventuality. The nominee could be the wife, child, parents, etc. of the policyholder. The nominee needs to claim life insurance, if the life assured dies during the policy tenure (see #5 Policy tenure).
5. Policy tenure:
The ‘policy tenure’ is the duration for which the policy provides life insurance coverage. The policy tenure can be any period ranging from 1 year to 100 years or whole life, depending on the type of life insurance plan and its terms and conditions. Many a times, it is also referred to as policy term or policy duration.
The policy tenure decides for how long the company is providing the risk coverage. However, in the case of whole life insurance plans, the life coverage is till the time life assured is alive.
6. Maturity age:
Maturity age is the age of the life assured at which the policy ends or terminates. This is similar to policy tenure, but a different way to say how long the plan will be in force. Basically, the life insurance company declares up front the maximum age till which the life insurance coverage will be provided to the life insured. For instance, you are 30 years old, you opt for a term plan with a maturity age of 65 years. That means the policy will have a coverage till you are 65 years old, which also means, the maximum policy tenure for a 30-year-old is 35 years.
7. Premium:
The premium is the amount you pay to keep the life insurance plan active and enjoy continued coverage. If you are unable to pay the premium before the payment due date and even during the grace period (#13 Grace period), the policy terminates.
There are various options on how you can pay the premium – regular payment, limited payment term, single payment (discussed below #8 Premium payment mode).
8. Premium payment term/mode/ frequency:
You can pay the life insurance premium as per your convenience.
Regular Premium Payment - You can pay premium regularly throughout the policy term either – monthly, quarterly, half-yearly or yearly.
Limited Premium Payment – You can choose to pay the premiums for a limited amount of time. In this option, you do not pay till the end of the policy term, but for a certain pre-fixed number of years. For example, 10 years, 15 years, 20 years, and so on.
Single Premium Payment – You can also choose to pay the premium for the entire duration of the plan as a lumpsum in one single go.
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9. Riders:
Riders are an additional paid-up feature to widen up the scope of the base life insurance policy. Riders are bought at the time of purchase or on policy anniversary. There are different types of riders that can be bought along with the base plan. However, number and type of riders will differ from insurer to insurer.
Plus, the terms and conditions may differ from one insurance to another. However, here’s the list of some well-known riders offered by life insurance companies.
Accidental Death Benefit Rider
Accidental Total and Permanent Disability Benefit Rider
Critical illness Cover
Hospital Cash
Waiver of Premiums
For more in-depth guide read – life insurance riders and how to choose one.
10. Death Benefit:
You will come across ‘Death Benefit’ quite frequently whenever you are either planning to buy a life insurance plan or comparing different insurance plans online.
The ‘Death Benefit’ is what life insurance company pays to the nominee in case the life assured dies during the policy tenure.
If you are thinking whether the sum assured and death benefit are one and the same, then do not be confused. Because the death benefit can be sum assured or even higher than that, which may include rider benefit (if any), and/or other benefits. Except in the case of term insurance – where there is no accrued bonus or guaranteed additions.
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9. Riders:
Riders are an additional paid-up feature to widen up the scope of the base life insurance policy. Riders are bought at the time of purchase or on policy anniversary. There are different types of riders that can be bought along with the base plan. However, number and type of riders will differ from insurer to insurer.
Plus, the terms and conditions may differ from one insurance to another. However, here’s the list of some well-known riders offered by life insurance companies.
Accidental Death Benefit Rider
Accidental Total and Permanent Disability Benefit Rider
Critical illness Cover
Hospital Cash
Waiver of Premiums
For more in-depth guide read – life insurance riders and how to choose one.
10. Death Benefit:
You will come across ‘Death Benefit’ quite frequently whenever you are either planning to buy a life insurance plan or comparing different insurance plans online.
The ‘Death Benefit’ is what life insurance company pays to the nominee in case the life assured dies during the policy tenure.
If you are thinking whether the sum assured and death benefit are one and the same, then do not be confused. Because the death benefit can be sum assured or even higher than that, which may include rider benefit (if any), and/or other benefits. Except in the case of term insurance – where there is no accrued bonus or guaranteed additions.
Join @solutiontoall