Check LIC policy status by policy number – How can I get it? Can I check it Online or by SMS? Is it possible to check LIC policy status without registration?

You can now check LIC Policy Status by Policy Number sitting in your drawing room and it is free. 

There is no need to go to LIC office and stand in Long queue.

There are 3 ways in which you can check your LIC policy status by Policy Number and get a Report –

·         Online

·         Helpline Number

·         SMS

LIC Policy Status by Policy Number- Login to Check it Online

Log on to LIC India (www.Licindia.In)

Click On New User? Click Here Below Online Services

                                                                    

       Fill In Basic Details Like Policy Number, Premium Amount, DOB

                                                                  

Password Will Be Sent To Your Registered E-Mail ID

                                                                    

Again Log On To LIC " Online Services "Registered Users

                                                                      

Log In With Your User ID And Password

                                                                       

Go To Enroll Policies (Left Hand Side – On Top)

                                                                      

Go To View Enrolled Policies (Below Enroll Policies)

                                                                      

Click On Policy Number To Check Status

LIC Policy Status without Registration- Helpline Numbers

You can dial 1251 to check LIC policy status by policy number. This 24* 7 facility is available only in selected cities. You can dial 1251 if you are using MTNL/BSNL or use your city code before the IVR number to use this facility

You can also check the helpline no for your city in below mentioned link

http://www.licindia.in/phone_helpline.htm

LIC Policy Status by SMS

You can also check you LIC policy status by sending SMS. The procedure for checking the LIC policy status is as follow: Type

LICPension <Policy No> STAT/ECDUE/ANNPD/PDTHRU/AMOUNT/CHQRET

Send To 56767877

Enquiries :-

a) IPP Policy Status, (STAT)

b) Existence Certificate Due, (ECDUE)

c) Last Annuity Released Date, (ANNPD)

d) Annuity Payment thru (CHQ/ECS/NEFT) (PDTHRU)

e) Annuity Amount (AMOUNT)

f) Cheque Return Information (CHQRET)

For Individual policy enquiry through SMS, 

Type ASKLIC < POLICY NO > PREMIUM/REVIVAL/BONUS/LOAN/NOM

Send To 56767877

Details

Premium – Installment premium under policy

Revival – If policy is lapsed, Revival amount payable

Bonus – Amount of Bonus vested

Loan – Amount available as Loan

NOM – Details of Nomination

“Policyholders can make same enquiries over long code 96649 96649″

Please click on below PDF to check the procedure.

http://www.licindia.in/pages/sms.pdf

This is a very simple and an effective way to check your LIC policy status by policy number  You can also pay your premium, take premium payment receipts online after registration.

LIC Policy Status by Policy Number :  Start Here

LIC Premium Receipts Online-Step by Step Process

 Step 1: Log on to licindia.in

Step 2: Click on New User?Click Here (Below Online Services)

Step 3: Fill in the basic Details(You will get your password in your mailbox)

Step 4: Go to Registered Users

Step 5: Login with User ID and Password

Step 6: Go to Premium Paid Statement

Step 7: Enter Policy Number

Points to Note:

1. You do not require digital signature verification to get LIC premium receipts online.

2. There is no need of duplicate LIC premium receipt as you can take a print every time you login.


LIC Premium Receipts Online : Start Here

 

What To Avoid In Share Market???

You might be bombarded with SMS advice, WhatsApp messages and online fast-money schemes. Here’s why one should avoid them. 

 Sources of advice….

• SMSes, WhatsApp messages with tips.
• Emails and websites providing advice.
• Unsolicited phone calls offering short-term trading tips.

Typical messages you should avoid….

Turn Rs 50,000 to Rs 5 lakh in a month?

• Option tips with 99% accuracy.
• Capital required Rs 50,000. No loss. Hurry up.

100% sure stock tips?

• Stock market intra-day tips.
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• Trade our Nifty champion package.
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1,000% returns option tips?

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99% accurate MCX tips?

• Earn daily Rs 10,000-20,000 profit in gold, silver, copper, crude oil and natural gas.

What is Financial Planning?

Financial Planning is a comprehensive evaluation of an individual's current pay and future financial state by using current known variables to predict future income, asset values and withdrawal plans.This often includes a budget which organizes an individual's finances and sometimes includes a series of steps or specific goals for spending and saving in the future. This plan allocates future income to various types of expenses, such as rent or utilities, and also reserves some income for short-term and long-term savings. A financial plan is sometimes referred to as an investment plan, but in personal finance a financial plan can focus on other specific areas such as risk management, estates, college, or retirement.

The Benefits of Financial Planning?

Financial Planning provides direction and meaning to your financial decisions. It allows you to understand how each financial decision you make affects other areas of your finances. For example, buying a particular investment product might help you pay off your mortgage faster or it might delay your retirement significantly. By viewing each financial decision as part of the whole, you can consider its short and long-term effects on your life goals. You can also adapt more easily to life changes and feel more secure that your goals are on track. 

Common Mistakes in Financial Planning Approach?

The following are some of the common mistakes made by consumers in their approach towards Financial Planning.

Don't set measurable goals. Make a financial decision without understanding its affect on other financial issues. Confuse Financial Planning with investing. Neglect to re-evaluate their Financial Plan periodically. Think that Financial Planning is only for the wealthy. Think that Financial Planning is for when they get older. Think that Financial Planning is the same as retirement planning. Wait until a money crisis to begin Financial Planning. Expect unrealistic returns on investments. Think that using a Financial Planner means losing control. Believe that Financial Planning is primarily tax planning.

 

 

बचें सामान्य निवेश मनोविज्ञान जाल से............

एंकरिंग: सबसे पहले,  तथाकथित एंकरिंग जाल है, जो वास्तविक सोच को अतिविश्वास में परिवर्तित करता है। उदाहरण के लिए, यदि आप सोचते हैं कि कोई एक कंपनी सफल है, तो आप यह भी विश्वास करेंगे कि इसके स्टॉक भी अच्छे साबित होंगे। यह पूर्वाग्रह मौजूदा परिस्थितियों या भविष्य में कुछ बिंदुओं पर पूरी तरह से गलत साबित हो सकता है। उदाहरण के लिए, जर्मन की कंज्यूमर इलेक्ट्रानिक्स कंपनी ग्रंडिग, जो 1970 में प्रमुख यूरोपियन सप्लायर थी, 1980 में जापान से कड़ी प्रतिस्पर्धा की वजह से बाजार से बाहर हो गई। जो लोग इस जाल में फंस गए कि ग्रंडिग बाजार में बनी रहेगी, उन्होंने बहुत सारा धन गंवा दिया। इस जाल से बचने के लिए, आपको अपनी सोच को लचीला बनाने और जानकारियों के लिए नए रास्ते खोलने की जरूरत है। वास्तविकता यह है कि यहां कोई भी कंपनी आज है और कल बाजार से बाहर जा सकती है। कोई भी मैनेजर इस मुद्दे पर अपनी बात से मुकर सकते हैं।

डूबत लागत : डूबत लागत जाल खतरनाक है। यह आपके पिछले विकल्प या निर्णय की मनोवैज्ञानिक (लेकिन वास्तव में नहीं) ढंग से रक्षा करता है, जो कि अक्सर आपके निवेश का विनाश करता है। यह बहुत कठिन है कि आप कोई नुकसान सहन करें और/या आप यह स्वीकार करें कि आपने गलत विकल्प चुना है या किसी को भी यह अनुमति दें कि वह आपके लिए ऐसा करे। लेकिन यदि आपका निवेश अच्छा नहीं है या तेजी से सिकुड़ रहा है, तो आप जितनी जल्दी हो सके इससे बाहर निकल जाएं और जो कुछ हाथ लगें वह बेहतर है।  यदि आप 1999 में डॉट कॉम बूम के समय खरीदे गए शेयर से अभी भी चिपके हैं, तो आपको इसे तोडऩे के लिए दशकों तक इंतजार करना पड़ेगा और यह गैर उच्च तकनीक स्टॉक के लिए है। डूबत लागत से चिपके रहने से अच्छा है कि जो संपत्ति तेजी से आगे बढ़ रही है उसमें निवेश करना चाहिए। भावनात्मक प्रतिबद्धता बुरा निवेश है यह केवल चीजों को बदतर बनाता है।

पुष्टिकरण जाल : ऊपर वाले जाल से जुड़ा ही पुष्टिकरण जाल है। लोग अक्सर दूसरों द्वारा की गई और अभी भी कर रहे हैं, देखकर वैसी गलती करते हैं। सबसे पहले आप बुरी सलाह देने वाले को फोन करने के बजाए नए स्त्रोतों से जानकारी जुटाना सुनिश्चित करें। यदि आप अपने आप को यह कहते पाएं कि हमारे शेयर 30 फीसदी तक गिर चुके हैं लेकिन यह सिर्फ कुछ समय के लिए है और निश्चित रूप से यह ऊपर जाएंगे, क्या ऐसा है? आप एक ही स्थिति में कुछ अन्य दुर्भाग्‍यपूर्ण बातों की पुष्टि कर रहे हैं। आप छोटी अवधि के लिए एक दूसरे के साथ आराम से रह सकते हैं लेकिन यह सिर्फ एक आत्मभ्रम है।

अंधापन : परिस्थितिमय अंधापन स्थिति को और खराब कर सकता है। यहां तक कि लोग जो पुष्टि करने से पहले प्रचलित बाजार वास्तविकताओं को नजरअंदाज करते हैं और खतरे को आमंत्रण देते हैं। यदि आप जानते हैं कि यहां आपके निवेश के साथ कोई समस्या है जैसे कंपनी में कोई बड़ा घोटाला या बाजार चेतावनी, लेकिन आप इन सबकों वित्तीय पेजों के बजाये अखबारों में पढ़ते हैं तो आप संभवता इस अंधमय प्रभाव से पीडित हो सकते हैं।

सापेक्षता जाल : सापेक्षता जाल भी आपको भटकाने का इंतजार कर रहा है। हर किसी का अपना मनोविज्ञान है, उसका अपने काम, परिवार, कॅरियर उद्देश्य और संभावनाओं का एक अद्धितीय मिश्रण होता है। इसका मतलब है कि आपको इसके बारे में सजग होने की जरूरत है कि दूसरे क्या कर रहे हैं और क्या कह रहे हैं, परिस्थिति और विचार जरूरी नहीं है कि एक दूसरे से प्रासंगिक हों। सचेत रहें, लेकिन सावधान भी। आपको केवल अपने लिए और केवल स्वयं के संदर्भ में निवेश करना चाहिए। आपके दोस्त धन और जोखिम दोनों में आपका साथ छोड़ सकते हैं, लेकिन यदि आप मामूली कमाई और जोरदार व्यक्ति हैं तो यह आपके लिए नहीं है।

श्रेष्ठता जाल : कुछ लोगों के लिए, श्रेष्ठता जाल बेहद खतरनाक है। बहुत से निवेशक यह सोचते हैं कि वे विशेषज्ञ या बाजार से ज्यादा जानते हैं। बस अच्छी तरह से शिक्षित होना और/या चालाक होने का मतलब यह नहीं है कि आपको किसी स्वतंत्र अच्छी सलाह की जरूरत नहीं है और यहां तक कि इसका कतई यह मतलब नहीं है कि  आप पेशेवरों या जटिल बाजार को मात नहीं दे सकते। बहुत से निवेशक यह सोचकर कि वे अन्य से बेहतर हैं एक अच्छा अवसर खो देते हैं। इसके अलावा ऐसे लोग ऊपर बताए गए जालों के आसान शिकार भी होते हैं। यहां (और हमेशा होते हैं) सबसे अच्छे विश्वविद्यालय के फाइनेंस के प्रोफेसर जो वास्तव में तकनीकी रूप से प्रतिभाशाली हैं, और यह उन्हें वास्तविक दुनिया में बेहतर चीजें चुनने की सोच को आसान बनाने में मदद कर सकता है। कुछ लोग फाइनेंस में पीएचडी होते हुए भी आपको गलत दिशा में सलाह दे सकते हैं, जबकि कुछ लोग जो हाईस्कूल भी पास नहीं होते वे बाजार को बहुत अच्छी तरह से समझते हैं और आपकी किस्मत बना सकते हैं।

मानव मनोविज्ञान एक खतरनाक चीज है, और यहां कुछ सांकेतिक मानक गलतियां हैं जिन्हें लोग बार बार दोहराते हैं। मूमेंट की गर्मी या जब तनाव अथवा प्रलोभन के दौरान इन जालों में फंसना आसान होता है। गलत धारणा, आत्मभ्रम, घाटे को साकार करने से बचने की कोशिश, अन्य पीडितो की तरह आराम करने की इच्छा, वास्तविकता की अनदेखी और अन्य आपको काफी महंगा पड़ सकता है। इन जालों की प्रकृति के बारे में सचेत रहें और हमेशा अपने आप से ईमानदार और यथार्थवादी रहें। इसके अलावा, समझदार और जानकार लोगों से सलाह लीजिए जो कि आपको वास्तव में वापस ला सकेंगे इससे पहले कि बहुत देर हो जाए।

Features and Benefits of Pension Plans in india

Minimum Guarantee

Every pension plan needs to have a minimum guarantee. As per IRDA guidelines, there should be "on-zero returns" on all premiums or guaranteed maturity benefits. Most insurance companies guarantee a minimum of one percent of total premium over the complete policy term.

Tax Benefits

The final payout is provided in two ways. 33% of final pay out can be withdrawn in lump sum and is not taxable. However the rest of the amount is taxable.

Types of Retirement Plans

Deferred Annuity

A deferred annuity plan allows you to accumulate a corpus through regular premiums or single premiums over a policy term. After the policy term is over, pension will begin.

Immediate Annuity

In an immediate annuity plan, pension begins immediately. One has to deposit a lump sum amount and pension will begin instantly.

With cover and without cover plans

The "with cover" pension plans have life cover component in the plan. This implies that on the death of the policyholder, a lump sum amount is paid to the family members although the cover amount is not very high since a large part of premium is diverted towards growing the corpus rather than covering for life risk. The "without cover" pension plan implies that there is no life cover. Presently, deferred annuity plans are "with cover" and immediate annuity plans are "without cover".

Annuity Certain

As per this clause, annuity is paid to the annuitant for specific number of years. The annuitant can choose the period. If annuitant dies before the policy term, the annuity will be paid to beneficiary.

Guaranteed Period Annuity

As per this annuity option, annuity is provided to the annuitant for the period and beyond. If annuitant dies during the period, amount will be paid to the beneficiary. If annuitant survives, pension will continue throughout life.

Life Annuity

As per this annuity option, pension amount will be paid to the annuitant until death. If annuitant chooses "with spouse" option, after the death of annuitant, the pension will continue and be paid to the spouse.

National Pension Scheme (NPS)

New Pension scheme has been introduced by the government for people looking to build up pension amount. You can put savings in new pension scheme which will be invested in equity and debt market as per your preference. You can withdraw 60% of amount at retirement and rest 40% must be used to purchase annuity. The maturity amount is not tax free.

Pension Funds

Owing to the low front load charges, pension funds are a good way to accumulate corpus amount. Pension funds are meant for long term and hence perform better. PFRDA, the government body has allowed 6 companies as fund managers.

Compare Best Pension Plans

It is imperative to choose a pension plan which offers the best possible returns. That can only be determined by comparing the different pension plans available in the market.

Pradhan Mantri Jan Dhan Yojana : 5 things you want to know

1. Under the scheme, account holders will be provided zero-balance bank account with RuPay debit card, in addition to accidental insurance cover of Rs 1 lakh.

2. Those who open accounts by January 26, 2015 over and above the Rs1 lakh accident, they will be given life insurance cover of Rs 30,000. 

3. Six months of opening of the bank account, holders can avail Rs 5,000 loan from the bank.

4. With the introduction of new technology introduced by National Payments Corporation of India (NPCI), a person can transfer funds, check balance through a normal phone which was earlier limited only to smart phones so far.

5. Mobile banking for the poor would be available through National Unified USSD Platform (NUUP) for which all banks and mobile companies have come together.

Classifications of Indian Stocks

There are three main classifications when it comes to stocks -

1. Large Cap stocks;
2. Mid Cap stocks
3. Small Cap stocks.

Here, the term 'cap' simply refers to the 'market capitalisation' of the stock. 

What is market capitalisation?

It is the value of the stock that you arrive at by multiplying the stock price by the company's outstanding number of equity shares.

Market Capitalisation = Current Stock Price  x  Number of Shares outstanding

Let us see an example:

Company ABC has 10,000,000 shares outstanding and its current share price is Rs 8.

Based on the above formula : Market Capitalisation = Current Stock Price  x  Number of Shares outstanding

Company ABC's market capitalisation is Rs 80 million or Rs 8 per share X 10,000,000 shares. 

Large cap stocks

As we mentioned above, the first category based on market capitalisation is that of 'large cap stocks'.

One can look at the BSE-Sensex or BSE-100 Index as a reference point for large cap stocks. Market capitalisation for stocks in the BSE-100 Index, for instance, ranges from Rs 200 bn to Rs 3,500 bn.

Mid cap stocks

Mid caps lie between large cap stocks and small cap stocks. Mid cap stocks are those that generally have a market capitalisation within the range of Rs 50 bn and Rs 200 bn.

These represent mid-sized companies that are relatively more risky than large cap as investment options yet, they are not considered as risky as small cap companies. They rank between the two extremes on all the important parameters like size, revenues, employee and client base.

Small cap stocks

Lying at the lowest end of market capitalisation, Small cap stocks are generally viewed under the misconception of being hazardous or 'quick rich' stocks. However, both these labels are untrue.

Small cap companies have smaller revenue and client bases, and usually include the start-ups or companies in the early stage of development.

Have a look at the table below to get a better idea about the return potential of small cap stocks over a 10 year period. Small cap wonders Change in share prices over the past 10 years 

Conclusion

All these categories consist of some really good long term investment opportunities. As such, investors must decide the allocation based on the opportunity's merit and not just whether it is a large cap, mid cap, or small cap. 

But purely as a matter of prudence and safety, investors looking to build a portfolio from a 10 to 15 years perspective can have a 60-70% allocation to large caps and 10-15% each to mid and small caps. Treat this allocation as just a guideline and, we repeat, allocate your equity portion using your understanding of different kinds of companies across different levels of market capitalisation. 

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