Max Life Child Colage Plan

Following is the cost of education with the average fee structure - (yearly)

Pre-school	Rs. 5,000 to Rs. 30,000
Kinder Garten (KG)	Rs. 10,000 to Rs. 40,000
Primary School	Rs. 15,000 to Rs. 50,000
High School	Rs. 15,000 to Rs. 50,000
College and Higher Education	Rs. 30,000 to Rs. 5,00,000

Following is what college education might cost in the next 15 years -

Field of study	Average cost in 2010 (in Rs. )	Average cost in 2025 (in Rs. )
Engineering	4.5 Lakh	18.8 Lakh
Management	5 Lakh	20.9 Lakh
Medicine	6 Lakh	25.1 Lakh
Law	4.8 Lakh	20.1 Lakh
Fashion Designing	4.1 Lakh	17.1 Lakh

Source: http://www.epravesh.com

So, start planning for your child's college education with Max Life College Plan - a traditional participating, money back life insurance plan.

 
Key features
Benefits
• Guaranteed payouts during college years (from age 18 to age 21) - 120% ofSum Assured
• Guarantees your child's college fund even in case of an eventuality
• Save extra during the school days to fund higher education with limitedpremium payment term
Boost your child's college education fund through compounding effect of bonuses
Key Features:
Living and maturity benefit:
The total payout is 120% of Sum Assured. There are guaranteed cash backs every year from child's age 18 to 21.
Child's age	Money back (% of Sum Assured)
18	40%
19	20%
20	20%
21	40% + (Accrued Reversionary Bonus + TerminalBonus, if any)
Therefore, total guaranteed money back/payout is 120% of Sum Assured.
Bonus:
• Reversionary Bonus: Bonus option in this plan is compound reversionarybonus*. Reversionary bonus is declared from 2^nd policy year onwards and once declared is guaranteed for the life of the contract. The bonus is a percentage of the base Sum Assured.
• Terminal Bonus: Terminal bonus may be declared after the 10^th policy anniversary as a percentage of Reversionary Bonus and is payable only once during the policy lifetime. 
  *Compound Reversionary Bonus means that the previously declared bonuses will also participate in successive bonus declarations.
Payor Rider Benefit:
This benefit ensures that the policy continues in an event of Payor's death or permanent and total disability, with future premiums funded by us. Max Life College Plan comes with an inbuilt Payor Rider. Payor is the individual / policyholder who has purchased the policy on the life of a juvenile below 18 years of age.
Payor Rider UIN – 104B013V02
Limited Premium Payment Term:
The plan comes with limited premium payment term upto child's age 18. Thereafter, there are guaranteed payouts for child's college education from age 18 to 21 years.
Death Benefit:
Upon death of Life Assured before attaining 7 years of age, total premiums paid (with interest @ 3.5% p.a. compounded annually) and accrued reversionary bonus, if any, is paid.
Upon death of Life Assured after attaining 7 years of age, Sum Assured + Accrued Reversionary Bonuses + Terminal Bonus, (if any), is paid.
Surrender Value:
The policy acquires a surrender value from end of 3^rd policy year subject to payment of 3 full year's premiums.
Reduced Paid-Up Value:
Once the policy acquires a surrender value, in case of premiumdiscontinuance the policy will offer reduced paid-up Sum Assured and will not lapse. Reduced Paid Up Sum Assured = Sum Assured * (Total Premiums Paid / Total Premiums Payable). Please note that reduced paid-up policies are also participating; however, will be entitled to only Terminal Bonus and not Reversionary Bonus.
Vesting on Attaining Maturity:
The policy will be issued on the life of a minor and hence the policy will be automatically transferred in his/ her name on attaining majority (age 18). Thereafter, the Life Insured will be the policyholder.
 

Are you eligible?

Minimum / Maximum Entry Age ofLife Assured (last birthday)	91 days to 8 years
Life Insured	Child On child attaining the age of 18 years, the policy shall be vested to the child

 
How the plan works?
Example:
Mr. Mehta is 33 years old and has a 3-year old daughter. He takes Max Life College Plan with a Sum Assured of Rs. 3,00,000. The annual premium that he has to pay is Rs. 25,438 till his daughter turns 18.
The following guaranteed benefits will be available for Mr. Mehta's daughter, when she turns 18.
Age	% of Sum Assured	Cash Paid to Fund College Education
18	40	Rs. 1,20,000
19	20	Rs. 60,000
20	20	Rs. 60,000
21	40	Rs. 1,20,000
Total guaranteed benefit of Rs. 3,60,000 which is 120% of Sum Assured
At age 21, Mr. Mehta's daughter will also be paid (non-guaranteed) Reversionary and Terminal bonus to fund her post college endeavors.
• Total bonus payable @ 6% assumed rate of return - Rs. 1,85,615
• Total bonus payable @ 10% assumed rate of return - Rs. 4,61,836
Note – Please note that the bonuses are non-guaranteed and are declared at the sole discretion of the Company
 

About premium payment

Policy Term	21 - Age at Entry of the Life Assured (child)
Premium Payment Term	18 - Age at Entry of the Life Assured (child)
Minimum Sum Assured	Rs. 1,00,000 Maximum – No limit (subject to underwriting)

Premium Modes -

Mode	Modal Factor
Annual	1.000
Semi-annual	0.520
Quarterly	0.265
Monthly	0.090

Sample premium rates for Rs. 5 Lacs Sum Assured (exclusive of taxes)

Payor's Age (male) in years	Child's Age (male) in years	Premium Inclusive of PayorRider premium (in Rs. )
30	0	34,412 (figure different in F and U)
33	3	41,777 (figure different in F and U)
35	5	47,793 (figure different in F and U)
38	8	63,409 (figure different in F and U)

 
Riders
A rider is an attachment to a policy that modifies its conditions by expanding or restricting benefits or excluding certain conditions from coverage. The followingrider is available to you with Max Life College Plan:
Max Life Payor Rider (UIN: 104B013V02)
Min Entry Age (Age Last Birthday)	20 years
Max Entry Age (Age Last Birthday)	55 years
Expiry Age (Age Last Birthday)	60 years
Max Life College Plan comes with a Payor Rider, which ensures that the policy continues even in case of Payor meeting with:
• Death or,
• Total and Permanent Disability
"Total and Permanent Disability" refers to the proposer becoming permanently and totally disabled as a result of injury or sickness and is thereby totally incapable of engaging in any gainful activity or carry out any work, occupation, or profession to earn or obtain any wages, compensation, remuneration, or profit.
Suicide Exclusion for Payor Rider policy: The suicide exclusions for the Payor would be applicable as stated in the Payor Rider (UIN: 104B013V02) contract.
Max Life Payor Rider Rates

 

For more details on risk factors, terms and conditions please read the sales brochure carefully before concluding a sale. 
Tax benefits are subject to change in tax laws. 
Life insurance coverage is available in this product. 
Insurance is the subject matter of solicitation.

Want to get this plan?

Child Futures Plan

Mr. Reddy has an 18 year old son who has just finished his HSC. His son wants to do business management in the US. Mr. Reddy is quite distraught because he realises that although he can pay for his son’s first semester, it will be very difficult to pay for the whole one and a half year course. Mr. Reddy didn’t plan much into the future when he was younger, he didn’t set aside money for his son’s education and he is now facing the problem because of his lack of foresight. Mr. Reddy’s son now has to do his Bachelor’s degree in India. Couldn’t Mr. Reddy have done something different? Couldn’t he have set aside regular savings for this purpose? Couldn’t he have made his son’s dreams come true with a little long-term planning?

Well, Mr. Gandhi seems to think so. He is a 52 year old accountant with an 18 year old son who wants to be an architect, and a 13 year old son, who loves music. Well, his 18 year old son is on his way to the US to pursue a Bachelor’s degree in architecture. What did Mr. Gandhi do differently? From the time Mr. Gandhi’s sons were 6 years old and 1 year old, he has been regularly saving in a life insurance policy, which includes a cash facility to pay for his children’s education. For 12 years Mr. Gandhi has had money compounding in a life insurance policy. All he did was set aside a little money every month in a long term 30 year savings plan. His policy continues to exist for another 16 years. Can you imagine how much benefit Mr. Gandhi will receive?

It is difficult for us to think long term when we all crave for immediate benefit. However, just a little every month in a long term saving plan, that won’t hurt our immediate needs, will give us benefits that are much greater than what we have put in. What’s more, we can make our dreams and the dreams of our families come true, with a little foresight.

Retirement Plan Insurance

Life insurance is a good financial planning instrument to ensure a comfortable retirement, as it provides various benefits to the insured. There is more than enough information on the advantage of having a life insurance policy, the wisdom of entering a life insurance plan early and the various options a life insurance policy provides.

Relevance of Starting Early

"Mr. Sharma is a 23 year old who has just gotten his first job and wants to start saving? Is it too early?" 
'No it isn't, the earlier the better.' Quite simply, the earlier he will enter a life insurance policy the more will be his monetary benefit. Twenty three is a great age to start investing. He has so many years ahead of him and his savings corpus will keep on compounding. In fact, if he keeps his policy for a longer period he will earn more money. Such is the impact of power of compounding. So go ahead, start saving immediately and extract the maximum advantage from your investment.

Flexibility of Options

"What if Mr. Sharma saves in a policy and his needs change later. What will he do? He can’t see the future, you know!" 
Life insurance policies offer a lot of flexibility on how he can pay his premium, how he can change the nature of his policy and the different types of policies he can opt for. This gives him the ability to choose policies to best suit his needs or the needs of his dependent children and spouse. He can also alter his policies based on his changing needs or requirements.

• Payment Terms
  He has different options available to him to make premium payments. He can make payments on a monthly, quarterly, half yearly or yearly basis. He can also make payments online himself or better so setup an automatic debit facility from his bank account.
• Switches and Redirection
  If he takes a ULIP life insurance policy he has two options. Firstly, he can switch units within the existing funds and also change the proportion in which the premium is allocated in these funds, known as switching. Secondly, he can re-allocate future premiums in different funds from the ones he has chosen at the commencement of the policy. This offers flexibility to change, based on his needs and wants.
• Fund Options
  He will first have to assess his needs and wants and his risk appetite, when buying a life insurance policy. Based on this he has a number of fund options available to invest in. If he wants greater risk and greater returns he will choose to put a higher portion in equity funds. Alternatively, if he wants less risk he will invest a higher portion in debt funds. He also has policies to suit short term or long term needs. Depending on whether he wants to save for his spouse or children he has options to cater to those needs as well.

Myths About Retirement

"Mr. Varma runs his own business and he thinks he'll never have to retire. He thinks he is healthy, he's successful and he will always have more than enough financial support. He will never fall short of funds."
Sorry to burst his bubble but these are well known myths that ran through our minds before we actually start saving and spending wisely. These myths have set common traps which prevent saving now for a well earned retirement. I'm sure some of these other thoughts run through your mind as well:

• I will never retire
  There is always a reluctance to come to terms with the fact that life will at some point of time take its toll on your mind and body. Not thinking of retirement often puts a spoke in the wheel and drives thoughts of retirement planning away. Yet everyone eventually retires because of the sheer frustration of working, medical considerations or simply passing on the torch to our children.
• I'm too young to think about saving for my retirement
  Nobody is ever too young to start saving. In fact, the younger we are when we start saving the more we will save by the time we reach retirement. We have seen the miraculous power of compounding that multiplies money to provide substantially when we do feel the need to retire.
• I am too old to start saving
  This is completely untrue. It is never too late to start saving. The unnecessary waste of time will only offer less to enjoy when retirement approaches. When more is saved, more multiplies.
• I can rely on my children
  Unfortunately, our children might want to take care of us but may not be in a position, purely because they have their own family and expenses to take care of. Things will get costlier, inflation will be a consideration. These issues will create obstacles for children who may find it difficult to give their parents financial support.
• I don't earn enough money
  It doesn't matter how much money someone earns. It takes is a little saving and wise investing and your money, however little, will multiply. This accumulated amount will definitely help provide comfort and joy at the time of retirement.
• My company Provident Fund will be enough
  Why rely only on a provident fund. With an average 8% inflation every year a provident fund will hardly be able to keep its head above water. There is no harm in investing in life insurance to supplement a provident fund income. It will only provide more financial comfort at the time of retirement.

Well, you see, don't presume anything. You never know what will happen at the next turn. The wise thing to do is to be prepared. You will then know for sure whatever hits me at the next corner my savings will be there to assist me.

Risk of outliving your income

What if Mr. Sharma outlives his income? He never thought of that?
This is a very important point. Wise people are concerned about outliving their income when they retire because it is a possibility. Remember, if it can happen, he can prepare for it. That is why savings in life insurance is a one good way to battle the risk of outliving his savings. While he continues earning and saving now, contribute a little of that saving every month to a life insurance policy that multiplies and will serve him in the long run.

No matter what his situation is, it is always wise to live in the present and equip himself for the future.

Arranged Marriage or Love Marriage?

There’s some fierce discussion happening on, with many commenters voicing their thoughts on arranged marriage vis a vis love marriage. Now I agree with some of what is being discussed.

I agree how ridiculous it is when in an arranged marriage the boy and the girl, absolute strangers to each other, are thrown in together on the day of the wedding and then expected to have sex on the very first night.
I agree its being gravely unfair to the girl mentioned in the post, when she is considered cruel for “denying sex and not actively participating in it “  and not the husband who, in my opinion, is the one being cruel by insisting on having sex.
Yes quite a few arranged marriages are about this notion that a bride, for that matter groom too, is expected to remain clueless about what or who is she/he getting married into. And more often than not the bride is expected to adjust to the new surrounding, new family, etc.
Not all arranged marriages, mind you. Which is where I want to butt in.
I dont agree with the generalization that all arranged marriages are bad. I had an arranged marriage. And no I was not forced into it. I had every freedom to opt for or out of it as per my will. And I am very certain that if I had fallen in love with someone before I got engaged or married, and wished to marry him, my parents would have been as forthcoming. It was sheer chance that I didnt find anybody to my liking until my parents found a suitable boy. And when they found him it was again upto me to decide whether I really wanted to marry him or no.
We had a brief period of 5 months in which time my then-fiancee-now-husband truly realized that we did want to marry each other. And in those 5 months we discussed every possible apprehension, every possible anxiety creeping inside us, got to know each other well enough to get a better understanding of our relationship and also of our future. Believe me, if even one of us had had a slight doubt, we would have backed out and our families would have been just as supportive.

Love or arranged, a marriage has to entail certain amount of adjustments and compromises. It is just as possible for two people in a love-marriage to realize later that they are not compatible enough to live together as two people in an arranged marriage to realize how much they were meant to be together!

Its all subjective. We cant generalize.
In my opinion a marriage if arranged by the families needs to ensure that the bride and groom have enough time to meet, understand each other and gauge how accepting each one is to the other’s flaws and strengths before they tie the knot. I know its still not a guarantee that the marriage will work. But then neither is a love marriage, right? No marriage is a guarantee unless the couple involved takes equal effort and care to nurture the relationship, make compromises, adjust while respecting each other’s principles, help each other to grow. And yes I reiterate, this has to be mutual.
To me , my marriage holds as much importance as a choice marriage for the simple reason that R & I, although found for each other by our families, chose each other!
No I have nothing against choice marriages. I am very much for it and endorse it wholeheartedly. But I am not against arranged marriages either. I am all for an arranged marriage which is arranged keeping utmost in mind the interests and decisions of the couple-to-marry.

Latest Shoe for Women

This is latest-shoes-for-women photos in the post article fashions and Stylish Shoes Trend 2012 for Women at styleku.com Get  new style fashion, men fashion, women fashion korean fashion style, asian fashions, fashion update, celebrity red carpet, fashion tips, fashion trends, fashion design, fashion designers. Thanks for your visit, I hope you happy come to my blog and get what you’re looking for. and sometime you will come back again.

Royal Enfield Bullet Classic C5 EFI Bike-Pictures, Specification n Preview

Since Royal Enfield India is going to launch their latest bike Royal Enfield Bullet Classic C5 EFI in India by next year ie. 2010, I thought I should make some noise here too on eTI about the bike. Also it has been long since I have not shared my views on any automobile. 

Before going further, many Indian might not know that Royal Enfield India do a significant amount of export. They export a fine quantity of their bikes every year which mostly comprises of 500 CC version. The model export consist of Bullet G5, Bullet 500 Classic, Bullet Electra X. While in India their majority of sales include 350cc version. Though Machismo 500 is available but hardly people knows about anything more than 350cc for bullet. 

Royal Enfield Bullet Bikes has a reputation in India and they are considered costly, hard to maintain and even harder to ride but still it is reason for pride in India to own a Bullet ie. Royal Enfield Bullet.

Royal Enfield has not change since 1950's, its almost same looking and very few engine tweaks and enhancements. It is famous for its vintage look throughout the world and has fan base (though not huge as compared to few other international bikes). 


So that concludes a brief introduction to Royal Enfield in India as well as abroad. Now lets talk about their latest Classic C5 EFI. 

Recently, Royal enfield was working on new engine for new design which incorporates latest technology. The latest development is their new classic C5 bike which offers you highest level of emission levels which meets Euro III standards. 

The company was working hard on the design and looks of the bike to make it look real Classic. As you can see, the bike inherits WOrld War II british classic looks but underneath boasts a modern EFI ie. electronic Fuel Injection Engine. 


This engine which comes with EFI (Electronic Fuel Injection) technology is integral part of Royal Enfield Classic C5. The UCE (Unit Construction Engine an integration of engine as well as transmission) is a fuel-injected 500 cc engine is the heart of the new Bullet C5 and is an air-cooled, one-cylindered , 4-stroke engine delivers 27bhp @ 5250rpm and maximum torque of 41.3Nm @ 4000rpm.

At this specicication, it delivers a strong performance yet can be suitable for fun rides as well as daily community but don't expect a good mileage from this bike, it will merely give you 30 kmpl mileage. So if you are looking for fuel efficient bike in Indian conditions then you might not like the idea of having C5 in your house. However, a Bullet Lover won't even consider it a limiting factor and I am sure will love to buy this bike. 

The bikes comes with 280mm disc up front with a 152mm drum at back and with peak speed 130 kmph (as claimed by company). It is also equipped with cable actuated clutch and 5-speed transmission and gives far better control and ride quality than any previous Royal Enfield bike. 

Overall, can be real be considered real Classic bike from India to the world. A fine product from Royal Enfield and a appreciable effort. If you are looking to buy a bike with classic looks and with noticable performance and above all if you ever admired bullet then this one is for you. 

However, by now this must be on sale in USA but Indians have to wait for 2010 to get this bike. In India, they might sell a little modified version to match with Indian riding quality as well to lower the price since in USA it costs little more than Rs. 3 lakh. Indian might get little cheaper.

Technical Specifications

Here goes the technical information about this bike from company website:

Lastly 
If you find information I shared here is useful then its my request to give your valuable comment here or if there is any information which want to include there then just let me know and I will add it in the above Previw.