Calculate Needs Before Buying Insurance

Insurance mis-selling is prevalent and is damaging the development of the industry. In fact, majority of insurance experts accepted this fact on various occasions. Generally, intermediaries are the first to be responsible for it especially an agent who sells only those products that earn maximum commission. It is considered as the most popular reasoning in Indian insurance sector. However, there are various other reasons why a customer ends up purchasing a wrong policy. It means that it is not always mis-selling but sometimes mis-buying’ as well.
It may happen because of lack of awareness, buying insurance just to save tax and using policy as a tax saving tool. Some challenges are also experienced by financial planners as well to convenience customers why a product is correct for them, to get the right and full information from them for exact assessment of their profile and portfolio. To handle these procedural challenges, a few years ago, Insurance Regulatory and Development Authority had proposed doing a customer need analysis’ before selling a life insurance policy. In January 2012, IRDA’s draft guidelines introduced and also proposed a mandate on intermediaries and the insurers to fill-up a standard need-analysis worksheet of the buyer before it affects sale of term insurance.
It was to make sure that the plan which is proposed to be sold is suitable for the prospect and fulfills policyholder’s requirements. Also, this is aimed at handling under-insurance and is widespread among insurance customers. Though, the proposal has not been implemented in the proposed format, a few insurance companies in India have introduced a few need analysis features. Different needs arise at different age stages, so this tool works by understanding the life stage customer is at, single, married, married with a child, nearing retirement and life after retirement are some very common stages in a product matrix.
Protection requirements are analyzed when customers have chosen life stages. For example, person with a child has more insurance needs as compared young, single person who does not have any dependents. These protection requirements reduce when dependents become independent and loans are paid. Customer’s next step should be assessing their targets and motive of purchasing insurance. Do you want to buy a policy for child’s future education requirements or accumulate a corpus for post-retirement life? Do not forget that the need for investment and savings are connected to the achievement of different financial goals and the plan customer buy must be able to fulfill these needs.
Generally, the need for regular income arises after retirement and customers also need more health cover with advancing age. The analysis tool will help buyers to calculate exact needs as per their goals and prioritization. There are several online tools available for goal-based long term wealth creation, retirement planning and health insurance requirements. A pension plan will be more important as compared to short-term goals such as buying a vehicle or a foreign tour. Those who do not have sufficient life insurance coverage should buy addition protection in terms of rider plans.

Gambling And The 20th Century Rulers Part4

Robert Mugabe
(1924)
Robert Gabriel Mugabe was born on the 21st of February, 1924 in the town of Kutama on the territory of current Zimbabwe. Before coming to power in 1987 he had spent 11 years in prison for participation in the national liberation movement. Robert Mugabe is famous, firstly, for his anti-American claims, as well as for the fact that in 2005 he the inflation reached the record 502% in the new 21st century.

Interestingly, but at the peak of inflation growth speaking in front of the journalists the president of Zimbabwe declared that the population of his country was very happy”. What it meant to be very happy” the president knew not through hearsay. A few years ago Mugabe won the state lottery’s main prize in the amount of 2 639 dollars. Curiously, but only those citizens took part in this lottery who had accounts in the National Bank of Zimbabwe, at this for every 135 dollars there was only one lottery ticket. Naturally, under the name of the current president there was registered the record number of tickets, that is why the prize did not keep him waiting for a long time. They say, the results of the lottery upset the citizens of Zimbabwe very much.
Robert Mugabe is a very temperamental person and a typical gambler by nature. A lot of his statements are made in a burst of passion and excitement. By the way, the attitude of the president towards gambling industry is not in the least bad: there are several casinos opened in the country, as well as race tracks with the totalizator, left to the Zimbabwean from English colonizers.

Augusto Pinochet
(1915)
Augusto Pinochet was born on the 25th of November, 1915, in a Chile resort town of Valparaiso. In September 1973 he organized a putsch against the president of Chile Allende and after his murder took the post of the head of the state. Like many other heroes” of the 20th century, he was distinguished by mass terror in relation to the otherwise-minded”.

General Pinochet was quite a cruel and ruthless person, but under his rule hyperinflation was stopped and economic growth began.

The Chilean dictator had a negative attitude towards gambling industry, and there were no gambling-houses in the country during his rule. However, he had rather a loyal attitude to holding a state lottery. Maybe it was because the control over profits from lotteries was entrusted to his daughter Lucia Pinochet Hiriart?

Only after a few years upon retirement of Pinochet under the president Eduardo Free a new casino was opened in the country in 1997.
At present Augusto Pinochet is in Chile under house arrest and is awaiting the trial for evasion from tax payment. The trial, by the way, perhaps, will not even take place because of his age and extremely bad heath.

We can continue mentioning great dictators and rulers of the 20th century and argue about their attitude to gambling industry. Iosip Broz Tito, Mustafa Kemal Ataturk, Idi Amin, Joseph Desire Mobutu, Muammar Gaddafi, Suharto, Thieu, Somoza, Marcos, Pol Pot, Ceausescu, Bokassa, Hissene Habre, Chombe, Franco, Duvalier, Mengistu Haile Mariam, Batista, Salazar and many others had different attitude to gambling. Some, like Marcos and Batista, liked it a lot, while others, like Gaddafi and Ceausescu, didn’t give it even a chance for existence.
While in Spain all power was in the hands of the general Franco Bahamonde Francisco, people were even afraid of talking about gambling-houses, but as soon as he died and the royal throne was occupied by Juan Carlos I, there were at once opened a number of casinos in the country. While Batista favoured gambling games, Fidel Castro, who substituted him, banned them at once. And it is clear. Batista was an American protg, and Fidel was the one who fought against American imperialism. That is why casinos simply lost favour.

A lot of rulers of the 20th century were quite venturesome personalities having revealed their excitable skills in politics, and not on the cloth of the gambling table in the gambling-house. Who knows, if their passion had been connected with visiting of gambling establishments, perhaps, our planet would be quieter.
Total struggle against gambling in the 20th century was under way only in one, at this the most democratic” country the USA. And after repressions, which failed, gambling industry there not only continued to exist, but started to flourish. The ideas of Marxism-Leninism did not give the right of existence of gambling establishments in the countries that chose the way of rise to radiant future in the form of communism, since the norms of the given ideology prescribed earning money by way of labour, and not in the hours of entertaining pastime. Countries practising traditional Islam do not allow gambling industry on their territory in accordance with their religious dogma. Despite this, Muslim Egypt, Tunis, Morocco and Lebanon have opened gambling-houses. The same was done by the Korean Republic, having demonstrated that ideology is ideology but if the country needs to earn money for the budget, gambling industry won’t hinder it.

Totalitarianism and gambling are not connected with each other in the least. The basis of struggle against gambling industry in 99 cases out of 100 is not the desire to protect the rights and interests of the citizens and the society, but the most trivial desire to win votes of people which any party, striving to come to power, pursues. Politics is rather a subtle thing.

Expressing Your Personality Though Home Improvement

Home improvement through renovating and redecorating is one of the core preoccupations for most of the people and, currently, the Maryland home improvement market as well as Washington DC magazine offer a variety of materials and solutions.

House decorating is a perfect way to express your personal style and individuality. Although it can be a discouraging experience for some of us, it finally proves to be an experience requiring enthusiasm, time and money. A house should not be exclusively a functional area; it can be at the same time, an enjoyable, relaxing and battery-charging spot, reflecting aspects of our personality and sending messages to the entire world.
Abound
Nowadays, Maryland home improvement market thrives with goods for home and garden use, as well as with countless pieces of advice and information on decorating premises. This information might be accessed by reading books and the mass media, for instance Washington DC magazine, by watching TV programs or, last but not the least, by waving on the net, searching on specialized websites like welcomehomewashington.com. Still, despite so many informational sources, finding the proper decorating style or themes can be a difficult task.

Decorating activities are usually indispensable when moving into a new house, but they can be done whenever we feel like or we no longer like the old style. When decorating or redecorating a room, the leading question should be: what is the function of this area? One room should not be associated with one single function, one particular activity; it should also signal a certain emotional state. For instance, the main function of a dining room is, obviously, to provide enough space for people to gather around the table and eat. True indeed, but the secondary functionality of the same room would be to make the family members or the guests feel comfy and relaxed, generating pleasant conversations. Likewise, the function of a bedroom is to offer a place to rest, but at the same time, it could be a sanctuary of serenity, where people can relax, away from the daily hustle and bustle. Usually, the secondary function of a room may vary depending on its initial functionality.

When you made up your mind about the each room’s functionality, get to the next level: deciding for modeling or remodeling style, furniture and accessories. Visiting Maryland home improvement dedicated shops would be a start point and a very good method of discovering your preferences and personally testing different models. In order to fruitfully combine your personal style with the function of the room look through the decorating section of publications and magazines. One reliable and constant source of inspiration in terms of lifestyle and decorating fashion would be Washington DC magazine.

Normally, any person has an idea about the kind of interior design or furniture style she or he would like to have. But it rarely happens to know exactly, from the very beginning, how your home should look like. Sometimes, there might be two or more options to oscillate in between. At this point Washington DC magazine might be a real help providing pictures, interviews with architects and designers or celebrities and their houses. The moment you gather several design ideas, but you don’t have a clue on how to combine them in order to create a pleasant outlook and also a functional setting, it’s high time you get in touch with a Maryland home improvement designer. The designer will shape up your thoughts, creating a setting and an atmosphere as personal as you can describe them.

It’s very tempting to get along with the up-to-the-minute Maryland home improvement trends in terms of accessories and decorations or to apply all the tips and recommendations found in Washington DC magazine, but this predisposition will lead to frequent and expensive redecorating sessions. On Maryland home improvement market there are long-lasting home improvement trends, as well as short-lived home improvement trends, dying as quickly as a candle in the wind.