Insurance

Policies of life insurance contract: 1

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There are different life insurance policies and are based on many different conditions. All the policies have own features and based upon different basis which are as follows:

1. On the basis of durability of policy:
According to the durability of life insurance policy, it can be classified into different types

I. Whole life policies:
This policy is issued for life. It means the policy amount will be made at the death of the life insured only The insured cannot get the policy amount during his life time.

II. Term insurance policies:
This policy is for a short period of years ranging from three months to seven years For those persons who need extra protection for short-term period or long-term period but unable to purchase due to low in case or health, it will be useful

III. Endowment policies:
This endowment policy can be divided into different parts They are as follows

Pure endowment policy: The sum assured is payable on the life assured surviving the endowment term In the event of his death within the term, premium may be returnable or not In corporation, all premium paid without any deduction will be refunded too It grants protection against living too long while the term policy grant"? protection against living too short This can be issued in the life of adult as well as in the life of child. This is useful to the person who does not care to present himself for the medical examination.
Ordinary endowment policies: This is the policy which actually represents the life insurance in true sense. It provides an ideal combination of both the family protection and the investment. It is taken out for specified terms of years» the sum assured being payable either on the life assured dies during the period or his survival to the end of the period. Premiums are payable throughout the term of the policy or to limited period or till the prior death of the life assured.
Joint of endowment policy: This policy covers more than one life under single policy. Under this the sum assured is payable on the expire of the term or on the death of one of the assured lives during the endowment period. Premiums are payable throughout the endowment period or till the prior death of only one of the lives assured.
Double endowment policy: Under this policy, if the life assured dies during the endowment period, the basic sum assured is payable and if he serves until end of the term, double of the sum assured is paid. Premiums are payable through the endowment term the prior death of the life insured.
Fixed term (marriage) endowment policy: Under this policy, the sum assured is payable only at the end of stipulated periods but the premiums cease if death of the policy holder occurs earlier. This policy is designed to meet the requirement of family man who wants to make violable certain sum of marriage for female dependent.
Educational annuity policy: The policy is taken out on the life of father or guardian who undergoes medical examination. The child for whose benefit policy is taken is called beneficiary.
Triple benefit policy: This policy is the combination of whole life limited payment and pure endowment with guaranteed annual bonus payable on death during the endowment term.
Anticipated endowment policy: This policy is similar to endowment assurance except that part of the sum assured is paid at certain internal before death within maturity of the policy and the balance of the sum assured is payable at maturity

IV. Survivorship policy:
There are two persons in this policy, first a named insured and another named person The sum assured is payable if the life assured dies before another specified person of counter life If the counter life dies, first nothing is payable and the contract ceases

(other basis of life insurance contract policies in next chapter)

Policies of life insurance contract: 2

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As we discussed in previous chapter "Policies of life insurance contract: 1", here I am going to to give you rest of the basis of life Insurance policies.

2. Policies of life insurance on the basis of premium payment: Under this basis, policies can be classified into two ways.

I. Single premium policy:
Under this policy, the whole premium is paid at the beginning of the policy As compared to the annual premium payable, it i & costlier, but as compared to aggregate of all annual payment, it is much smaller because insurer can earn additional income on the premium received

II. Level premium policy:
Under this policy, regular and equal premiums are paid at a definite interval This premium is lesser than the single premium and is convenient to make premium at a regular period.

3. On the basis of participation in profit:
According to this basis, policies can be classified into two ways

Without profit policies / Non-participatory policies: Under this policy, the policy holders are not entitled to share the profits of the insurer
With profit / participatory policies: Under this policy, the policy holders are entitled to share the profit of the insurer they cannot be treated as a co-owner of the insurance business.

4. On the basis of number of persons insured:
Under this basis also policies can be divided into two parts.

Single life policies: Under this policy, only one individual is insured and the policy amount is payable only when the assured event occurs
Multiple life policies: That policy in which more than one life insured is called multiple life policy This can also be divided into joint life policy and last survivor policy Joint policy covers two or more than two lives and policy amount is payable on the first death Under last survivor policy, the policy amount is payable at the last death So long as any one of the insured is alive, no payment is made

5. On the basis of the method of payment of policy amount:
This can also be divided into two parts

Lump sum policies: It the sum assured paid in lump sum at the event insured occurred it is lump sum policy.
Installment or annuity policies: Under this policy, amount is payable in installment basis This is more beneficial to those whose earning capacities are reduced to minimum in old age

Dividend Settlement Options of life insurance:

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In simple words, the optional method of settlement is known as settlement option In this option policy proceeds can be paid in various ways other than a lump sum basis This option can be used in case of prior to the insured's death or the beneficiary may be granted the right. There are four basic settlement options m insurance.

1. Interest option :
In this option of settlement, the policy proceeds are retained by the insurer, and interest is periodically paid to the beneficiary The amount of interest can be paid monthly, quarterly, semiannually or annually Here the beneficiary can be given withdrawal rights and the right to change to another settlement option Hence it provides considerable flexibility and it can be used in a wide variety of circumstances

2. Fixed period option :
In this settlement option, the policy proceeds are paid of a beneficiary over some fixed period of time Under this option, payment can be made monthly, quarterly, semiannually or annually and both the interest and principles are liquidated under this option This option can be used in these situations where income is needed for a definite time penod and it should be used with caution because it is extremely inflexible because partial withdrawals are not allowed under it

3. Fixed amount option :
Under this option of settlement, a fixed amount is periodically paid to the beneficiary and the payments are made until both the amount of interest and principal are exhausted It provides more flexibility because beneficiary can be given limited or unlimited withdrawal right 'and right to sustain the unpaid proceeds to another option In this option the beneficiary may also be allowed to increase or decrease the fixed amount

4. Life income option:
Under this option installments payments are paid only while the beneficiary is alive and ceased on the beneficiary's death Under this option three options are included.

Life income with period certain : Under this period life income is paid to the beneficiary with a certain number of guaranteed payments If the beneficiary dies before that period the remaining periods payment will be paid to contingent beneficiary
Life income with refund : If lifetime income is paid to the beneficiary it is known as life income with refund. In another words if the beneficiary dies before receiving payments equal to the amount of insurance, the difference is refunded in installments or in a lump sum to another beneficiary.
Joint and survivor income : In this option income payments are paid to two persons during their lifetimes such as husband and wife. The major advantages of this 'settlement options are periodic income paid to the family, guarantee of principal and interest payment, useful in life insurance planning and its demerits are higher yields often can be obtained elsewhere, it may be inflexible and restrictive also. It also has limited usefulness at the younger ages.

Dividend options in life insurance

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We know that the term 'dividend' is a refund part of the gross premium if the insurer has favorable experience with respect to mortality, interest and expenses On the basis of dividend option the policy can be classified into two parts They are participating policy and non-participating policy The policy which pays dividend is known as participative policy and the policy which does not pay dividend is known as non-participative policy In insurance dividend is derived from the difference between expected and actual mortality experience, excess interest earning on the assets required to maintain legal reserves and the difference between expected and actual operating expenses

The forms or ways of dividend can be classified into different parts:

1. Cash:
It includes cheque to receive dividend by policy owner After a certain period of time or usually on the anniversary of the policy, the policy owner receives a cheque equal to the declared dividend.

2. Reduction of premium:
In this form of dividend, the dividend can be used to reduce the next premium coming due and the policy owner must then remit the difference between the premium and actual dividend paid

3. Accumulation at interest:
In this way of dividend payment the dividend can be retained by the insurer and accumulated at interest This premium rate will be already fixed and higher rate may also be paid on the basis of market condition This accumulated dividend can be withdrawn at any time The interest income may be undesirable for policy owners due to its taxable nature

4. Paid up additions:
Under this provision, the dividend is used to purchase a small amount of paid up whole life insurance Due to this option there is no load of expenses because they are purchased at net rates and evidence of insurability is not required in it But sometimes in some policies, the paid up increments of insurance may be overpriced

5. Term insurances (Fifth dividend option):
In this type of insurance dividend policy the dividend can be used to purchase one year term insurance equal to the cash value of the basic policy and the remainder of the dividend is then used to buy paid up additions or is accumulated at interest In this option the dividend can be used to purchase yearly renewable term insurance.

Reinsurance

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Meaning of Reinsurance:

Reinsurance refers to. the insuring again by the primary insurer. So it is an arrangement whereby an original insurer who has insured a risk insures a part of that risk again with another insurer, that is to say, reinsurance a part of the risk in order to diminish his own liability. The primary insurer which is principal insurance and which makes direct contract with insured, which is called ceding company. So it makes arrangement with another company insurer called reinsurer for the excess of the liability not bearable by the ceding company. The reinsurer doesn't have direct relationship with the insured.

According to the Nepal Insurance Company Act, 2049 sec. 2(h):
"Reinsurance business means the business of insuring .again the part of liability that is excess to bear by the insurer."

So in case of reinsurance arrangement an original insurer who has insured a risk insurance, the part of that risk again with another insurance. In another word, it insures a part of the risk in order to diminish his own liability. Reinsurance makes the ceding company able to spread the risk in a substantially efficient way by which the company can insure the insurance of any extent of liability.

Why reinsurance is important.

Reinsurance is the transfer of insurance business from one insurer to another. It is a tool that can substantially spread the risk to a large number of persons willing and exposed to the risk. So it is also a contract of indemnity. At the time of loss" the reinsurer indemnifies the loss upto the amount of reinsurance. So the importance of reinsurance can be discussed below:

1. Big amount of risk can be born:
With the arrangement of reinsurance, the original insurer or a ceding company can bear the risk of any extent of liability. That ultimately benefits the insured too. By accepting such amount, the insured can make insurance in a single insurer without purposing to various insurers, a part of the risk.

2. Greater stability, higher certainty:
The spread of risk ultimately has another benefit. It provides stability and certainly in insurance business.

3. Consistency in underwriting and premium:
The consistency in insurance business is necessary for the consistency in underwriting and premium. Since the risk is born by the original insurer, only two or certain extent of liability causes consistency in underwriting and premium.

4. Stabilize income / profit:
It stabilizes the income of the insurer because the spread of risk certainly provides more certainty to the risk bearing.

5. Accept insurance amount desired by the proposal:
The amount which is beyond the capacity of the insurer to be born is transferred to the reinsurer by bearing only the specific extent of liability by the original insurer. Therefore, any amount desired by the proposer can be born by the insurer.

6. It provides a safeguard against serious effects of conflagration.

Additional life insurance benefits:

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Different kinds of additional benefits can be added in life insurance the payment of an additional income. In another words, paying additional premium by an policy owner can gel more benefits from life insurance. They are as given below

1. Waiver of premium provision :
According to this provision if the insured becomes totally disabled from bodily injury or disease, all premiums coming due during the period of disability are waived But for this purpose the following are the basic requirements;

Become disabled before some stated age.
Be continuously disabled for six months.
Satisfy the-definition of total disability.
Furnish proof of disability satisfactory to the insurer If premiums are paid during the period of disability, death benefits. cash values and dividends will be continued.

2. Guaranteed purchase option :
This option permits the policy owner to purchase additional amounts of life insurance at specified times in the future without evidence of insurability It is also called the guaranteed insurability option This option allows to purchase additional amounts of life insurance every three years upto some maximum age without evidence of insurability. When this option is exercised, the premium is based on the insured's attained age

3. Accidental death benefit rider :
It is also known as double indemnity and it doubles the face amount of life insurance, it death occurs as a result of an accident. For this benefit the following are the basic requirements.
•     Death must be caused directly and independently of any other cause by accidental bodily injury.
•     Death must occur within 90 days of the accident.
•     Death must occur before some specified age such as age 50, 60 or 65

4. Cost of living rider:
It allows the policy owner to purchase one year term insurance equal to the percentage change in the consumer price index with no evidence of insurability. The policy owner pays the entire premium for the term insurance and the amount of term changes each year and reflects the cumulative changes in the Consumer Price Index (CPI) from the date of issue

5. Accelerated death benefits rider :
This clause allows insureds who are terminally ill or who suffer from certain catastrophic diseases to collect part or all of their life insurance benefits before they die, primarily to pay for the medical care they require They can be classified as

Terminal illness rider
Catastrophic illness rider
Long term care rider

The terminal illness rider allows terminally ill insureds with a limited life expectancy to serve part or all of the policy proceeds but catastrophic illness under allows to collect part or all of the policy face amount who have certain such diseases The long term care under allows insureds who require long term care to collect part of their life insurance prior to death.

Requirement of legal insurance contract:

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We know the insurance policy is based on the law of contract. in other word, it is a contract between insured and insurer. Hence to be legally enforceable an insurance contract must have certain base requirements. Those essential requirements of an insurance contract are given below.

1. Offer and acceptance:
One of the first requirement of insurance contract is offer and acceptance. at first the applicant for insurance makes the offer hat is also known as proposal. Generally the broker prepares this proposal and the company
accepts or rejects the offer. the contract cannot be legally enforced until a policy is issued. In property and liability insurance. The offer and acceptance can be oral of writing out the application for life insurance is always in written under life insurance a conditional premium receipt is given to the applicant and the most common conditional receipt is the inseparability premium.

2. Consideration:
Another important requirement for insurance is consideration which refers the meaning “something for something” in mercantile law. The premium is determined on assessment of the proposal and is paid at the time of the contract. The premium is called consideration to the contract. The insurer’s consideration is the promise to do certain things as specified in the contract. It includes paying for a loss from different risks.

3. Competent parties:
Another important requirement is competent parties. It means each party must be legally competent and they must have legal capacity to enter into a binding contract. The persons, who are insane, intoxicated and corporations that act outside the scope of their authority cannot enter into contract.

4. Legal purpose:
An insurance contract should have legal purpose. The contract which encourages or promotes something illegal or immoral cannot be enforce under it. In another words, to enter into legal insurance contract there should be legal and moral activities in the interest of general public.

5. Free consent:
Parties entering into the contract should enter into it by their free consent. They must be free from coercion, undue influence, fraud or misrepresentation and mistakes.

Features of insurance

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According to the contractual definition, “insurance is a business which is based on a contract. Insurance is promise by an insurer to an insured of protection service”. According to Edwin W. Peterson, “insurance is a contract by which one party, for a compensation called premium, assumes particular risk of the other party and on specified contingency.”

On the basis of above definitions, the certain features of insurance are as follows:
1. Contract:

Insurance is a contract between the insurer and the insured for the compensation of losses.

2. Insurance policy:

Insurance is always based on a written contract between insure and insured. The written contract containing the terms and conditions of insurance is known as insurance policy.

3. Sharing of Risk:

The insurance does not bear the risk itself but the insurance is conceptually a risk sharing device by which a particular loss is shared by a large number of persons.

4. Cooperative device:

In insurance, the individual, or insured share the risk by themselves for themselves and they take risk jointly.

5. Value of risk:

The sharing of risk depends upon the value of risk. The higher the risk, the higher will be the risk sharing amount. i.e. premium.

6. Transfer of risk:

Though this contract, large number of people can transfer their risk to the association relating with insurance business.

7. Payment in contingency:

The insured amount is paid to the insured by the insurer in the specific condition. If that incident happens, the amount will be paid.

8. Amount of payment:

In insurance, the insurer promises to pay a specific sum of amount. Such amount of payment never exceeds the loss amount. Generally profit isn’t allowed to insurance exceed in life insurance where the loss can’t be calculated in money and also in the marine insurance.

9. Large number of insured person:

Insurance is a way of spreading risk over a large number of persons who agreed to share the risk. Insurance of only a few persons can’t spread the risk. The higher the number of risk shares, the lower will be the potion of share . i.e. premium

10. Insurance is not a gambling:

Insurance changes the uncertainty into certainty while gambling is opposite of it. In ambling, the gambler may receive profit while in insurance insured can receive only the amount of loss.

11. Insurance is not a charity:

In case of charity, the sufferer of the loss can receive the loss amount without premium but in case of insurance, the sufferer of the loss must agree previously to share the risk.

Life Insurance claim process:

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Most of the insurance companies sends prior intimation at least 2 months of maturity date. If the notice of maturity is not received and the date of maturity is known to the policyholder, then the policyholder can take the necessary steps to get the due Maturity amount.

Life Insurance claim arises in the two situations;

Maturity Claim
Death Claim

A common life insurance claim process

When you first contact your insurance company, they will ask you specific questions about the policy and then send you the necessary paperwork to get the process started.
Fill out the paperwork to the best of your ability. Try not to leave any questions unanswered to prevent any delays in payment.
Obtain a copy of the death certificate (in case of death insurance claim). Make sure you call the live statistics office before beginning your life insurance claim. Because the certificate might not necessarily be located in the county where the individual formerly lived.
Submit all of the relative information to the insurance company and obtain return receipt as a proof that they received the life insurance claim application.
Be prepared at all times for an insurance adjuster to contact you. Depending on the circumstances of the death, they might have additional questions for you in order to further process the life insurance claim.

Necessary documents for life insurance claim:

Claims Procedure on Maturity
On maturity of policy, the policyholder has to submit certain requirements on maturity of the policy

Submit the policy document to the insurance company.
Collect discharge form put a revenue stamp & sign it, also get your signature attested by a witness and submit it to insurance company
Submit a proof of age document (if age has not been admitted earlier)
Submit Assignment/ Re-assignment Deed if any
Existence certificates in case of Children's Deferred Assurance and Pure Endowment policies

Life Insurance claim on death (Accidental/natural)
Intimation about death of policyholder should be given to insurance company by any relative/ nominee/ assignee of the deceased policyholder which should contain the information

Death certificate
Date, reason & place of death
Policy Number/s

Major Types of Insurance

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WE have been hearing and talking about various types of insurance policy. In fact, what they are more importantly, what they protect. The truth is, there are two main types of insurance, namely life insurance and general insurance which covers different aspects in our life.

1. Life Insurance:
Life insurance is an insurance coverage that pays out a certain amount of money to the insured or their specified beneficiaries upon a certain event such as death of the individual who is insured.

The coverage period for life insurance is usually more than a year. So this requires periodic premium payments, either monthly, quarterly or annually.

The risks that are covered by life insurance are:

Premature death
Income during retirement
Illness

The main products of life insurance include:

Whole life Endowment Term
Investment-linked Life annuity plan
Medical and health

2. General Insurance:
General insurance is basically an insurance policy that protects us against losses and damages other than those covered by life insurance. For more comprehensive coverage, it is vital for us to know about the risks covered to ensure that our families are protected from unforeseen losses.

The coverage period for most general insurance policies and plans is usually one year, whereby premiums are normally paid on a one-time basis.

The risks that are covered by general insurance are:

Property loss, for example, stolen car or burnt house
Liability arising from damage caused by yourself to a third party
Accidental death or injury

The main products of general insurance includes:

Motor / Auto insurance
Fire/ House owners / Householders insurance
Personal accident insurance
Medical and health insurance
Travel insurance

Insurance Companies in Nepal

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1. Asian Life Insurance Company Ltd.

2. NB Insurance Company Ltd.

3. United Insurance Company (Nepal) Ltd.

4. Premier Insurance

5. Rastriya Beema Sansthan

6. Nepal Life Insurance Company - NLIC

7. Alliance Insurance

8. Shikhar Insurance Company Ltd.

9. Nepal Travel Insurance -Royal Mountain Travel (RMT)

10. Greenwood Insurance LLC

11. National Insurance Nepal

12. Nepal Insurance Company Ltd.

13. Beema Samiti

14. Himalayan General Insurance

15. Nepal Travel Insurance

16. AIG Products and Services

17. Everest Insurance Company

18. Ceylinco Insurance Company Ltd.

19. Neco Insurance Ltd.

20. Tata Tea Ltd

21. The Oriental Insurance Company Ltd

Top Ten Insurance Companies

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Since the recent financial meltdown which began in September 2008, a reshuffling of the market value of the world's largest insurance companies has occured. Below is a list of the top ten insurance companies:

Rank	Company	Market Value ($ Billions)	Country
1	American Intl Group	$172.24	United States
2	AXA Group	$66.12	France
3	Allianz Worldwide	$65.55	Germany
4	Manulife Financial	$50.52	Japan
5	Generali Group	$45.45	Italy
6	Prudential Financial	$39.70	United States
7	MetLife	$37.94	United States
8	Aviva	$33.10	United Kingdom
9	Munich Re Group	$30.99	Germany
10	Aegon	$26.40	Netherlands

Based on market value in billions. Rankings based on sales, profits, or assets will be different.(source: Forbes)

Insurable Risk

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Insurance is based on the value of loss and risk of loss. Insurance company and insurer exchange the risk in each other by establishing the contract . Insurer pays premium and insurance company takes the premium for the risk exchange.

An insurable risk is a risk that meets the ideal criteria for efficient insurance. The concept of insurable risk underlies nearly all insurance decisions. Eventuality for loss or damage that is (1) definable, (2) fortuitous, (3) similar to a large number of known exposures, and (4) pays a premium that is commensurate with the potential loss.

For an insurable risk there should be things that need to be true and actually happen.

• The risk cannot be catastrophic, or so large that no insurer could hope to pay for the loss so that the insurer must be able to charge a premium high enough to cover not only claims expenses, but also to cover the insurer's expenses.

• Definite and financially measurable nature of loss .

• The loss must be unintentional.

• Large number of exposures

• The loss should be random in nature, else the insured may engage in adverse selection
Insurance is not effective for risks that are not insurable risks. For example, risks that are too large cannot be insured, or the premiums would be so high as to make purchasing the insurance infeasible. Also, risks that are not measurable, if insured, will be difficult if not impossible for the insurer to quantify, and thus they cannot charge the correct premium. They will need to charge a conservatively high premium in order to mitigate the risk of paying too large a claim. The premium will thus be higher than ideal, and inefficient.

Become an Insurance Agent

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Insurance agent is one who is licensed by a state to sell insurance policy for one or more specific insurance companies. There are mainly two types of insurance agents; 1. independent agent - An insurance agent who represents multiple insurance companies, not just a single one. And 2. captive agent - An insurance agent working exclusively for a single insurance company, as opposed to an independent agent.

1. Familiarize yourself with all the insurance category field such as Life, health, property and liability insurance.

2. Receive a bachelor's degree in business or economics. Insurance companies prefer to hire individuals whose academic background includes courses in finance, math, accounting, economics, business and public speaking.

3. Become proficient with the computer software used by the insurance industry.

4. Work part time for an insurance agency while you're in college. Collect Insurance related information and ideas from the date while you are in college.

5. Expect to take your state's exam for the mandatory insurance license after an agency hires you.

6. Classes for the exam are offered in pre-licensing schools of insurance agents associations and in offices of some insurance companies. Make sure you will meet all the licensing requirements of your state.

7. Be prepared to take continuing education and upgrade yourself as time being.

8. Obtain certification to further your advancement within the industry. By taking intensive courses and examinations after you have had considerable experience as an agent, you can obtain the highly respected designation of Chartered Property and Casualty Underwriter.

A Day in an Insurance Agent's Life:
On a typical day an insurance agent might perform some of the following duties:

• prepare reports and maintain records;

• seek out new clients;

• in the event of a loss, help policyholders settle insurance claims;

• some may also offer their clients comprehensive financial planning services, such as retirement planning, estate planning, or assistance in setting up pension plans for businesses;

Life Insurance Marketing

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There is always perpetual conflict between insurance company and insured. therefore Insurance marketing has been become one of the most difficult jobs in insurance marketing. The insurance company, which want to make a profit and the insured person who wants to get as much compensation as possible from the insurance company. Commissions for the insurance companies are very low and they seldom make profits from insurance. Due to this reason Life Insurance Marketing is one of the most strenuous jobs for those who are involved in the insurance marketing. also the insurance policy needs to be transparent so that the potential customer understands it totally and should not feel that they have been treated unfairly by the insurance company.

Tips for the effective Life Insurance Marketing

• Try to make your insurance company name familiar familiar to others by means of familiar public medias such as’ television commercials, handling out pamphlets, hanging banners in populated areas and by providing exciting offers. This is the most effective and common strategy

• Use of web Insurance marketing strategy is another most important and effective strategy. The pop ups that one sees while using Internet are actually a very effective way of sending messages across the potential insurance customers.

• Telephone marketing is also another way of marketing life Insurance

• One should listen to the existing Life Insurance Policy Holders as well as the potential Life insurance policy holders and listen to what people who actually matters have to say.

• Life insurance company should keep the transparency as much as possible.

• Community Life Insurance Marketing is another different way to get promotion and a high recognition for the Life insurance company.

• A Life Insurance Company should charge uniform rate of for all Life insurance client/policyholder

• May be the most crucial thing in insurance marketing is to always speak about unity and honesty while dealing with a business. A Life Insurance Holder can find so many frauds in various life insurance companies today, that life insurance customers are going for products and services which are trustworthy to them. Feeling safe is about insurances and other things are most important as far as the insurance holder is concerned. So, if a company remains loyal to its customers it will itself do Life Insurance Marketing for itself.

Insurance Marketing:

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There is always perpetual conflict between insurance company and insured. therefore Insurance marketing has been become one of the most difficult jobs in insurance marketing. The insurance company, which want to make a profit and the insured person who wants to get as much compensation as possible from the insurance company. Commissions for the Insurance companies are very low and they seldom make profits from insurance.

Effective Insurance Marketing Strategies
• A most common way of marketing insurance is public familiar medias like television commercials, pamphlets, banners and exciting offers.

• Telephone marketing is another insurance marketing strategy.

• Web insurance marketing is another good strategy to promote insurance policies.

• A health insurance company should charge the uniform rate for the same policy

• Insurance company should help the policyholder with the necessary paper works and any other necessary field.

• Insurance Companies should avoid bureaucracy and instead, facilitate the speedy dispensing of claims.

• Know the existing and potential health insurance policyholders for effective insurance marketing.

• Insurance company should know his target group.

• Insurance company should listen to people who what actually willing to. And maintain transparency.

• Insurance company should not ignore their existing policyholders in the race to get new business

Features & Benefits of Life Insurance

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1. Death Benefit :
Firstly the life insurance provides benefit against the risks of your life & provides your family or nominee the insured amount or coverage in case of your unfortunate demise.

2. Survival/Maturity benefit :
Apart from the simple death benefit you also get the maturity benefits or survival benefits wherein you get the sum assured plus the returns at the time of maturity, there is also an option of periodic withdrawals of your invested amount.

3. Investment & savings :
Apart from the life cover, the life insurance also has prospects of providing a vehicle for investments & saving for your future needs. With different insurance plans like simple endowment plans, wholelife plans, ULIPs, you have the option of saving for your retirements through pension plans or saving for your children future needs by investing in Insurance child plans wherein you can invest your money depending on your risk profile.

4. Tax benefit :
You can save tax on Premiums paid for Life Insurance Plans under insurance acts.

5. Riders :
The riders are special benefits given to the policy holders in addition to the life insurance cover wherein you are charged with some extra premium e.g. Accelerated death benefit rider, waiver of premium rider, disability income rider, accidental death rider etc.

6. Premium payment option :
You have the option of paying premium yearly, quarterly, monthly & you also have the option of single time premium payments where you have to pay one time.

7. Plans as per needs :
You can avail Insurance plans as per your needs & requirements, if you want to save for your child you can go for children insurance plans providing you with returns at certain important milestones of your children’s life like their education, wedding etc. If you want to save for your retirement you can invest in Pension plans either in ULIPS or in simple Endowment plans depending upon your risk appetite.

8. Loan option :
In some life insurance polices you can also take loan against the life insurance polices, your eligibility for the loan amount depends on the type of policy, the premium amount, the term of the policy and the number of years you have paid premium for.

Top Reasons Why People Take Out Life Insurance

2009-11-04T00:23:00.000-08:00

Applying for life insurance is a personal decision and is something we don't often put on our priority list. There are many reasons why people decide they need to take out a life insurance policy. Not to mention the fact that having life insurance represents part of good financial planning, and may even be recommended by your financial planner. Here are some of the reasons that many investors and other individuals apply for life insurance through an independant financial adviser:

Young single person
- Kick starting your career and landed your first job
- Taken out a personal loan to buy a car
- Found the love of your life and about to tie the knot

Young couple
- Just bought a house and a mortgage to go with it
- Got personal debt as well as credit cards maxed out
- About to start a family
- Got a pay rise
- Plan to send the children to a private school and uni

Mature couple
- Renovating the house and need to increase or re-draw your mortgage
- Increasing your debt to purchase an investment portfolio or rental property
- Have a special needs child who you want to ensure will be looked after when you're gone
- Have physically or financially dependant parent/s
- Divorced and on your own again
- Want to leave an inheritance for children or grandchildren

Self employed
- Have fixed expenses such as rent, lease payments and phone bills
- Taken out a business loan to purchase a commercial building
- Gone into business with a new partner
- Have key staff within your business that contribute to profitability

Is life insurance a wise move?

2009-11-04T00:13:00.000-08:00

A life insurance policy vouchsafes security for your dependents after your demise. They can eek out their living even at the absence of other active source of income. Moreover the amount that you are going to get at the end of the policy period in a term life policy also makes it a rewarding investment. Take a look at the article.The article covers

1. Why take a life insurance policy?
2. Is life insurance a promising career?
3. What are benefits of life insurance?

Life Insurance Policy is a form of security for the person who insures his life and his family. Life insurance policies have helped trade and other economic activities to flourish in a great manner. It has generated lots of job opportunities. It is looked upon as a lucrative career option. Life insurance companies have also entered the international business scenario.

The following reasons substantiate why a life insurance policy should be taken:

A) Early Deaths
The mortality rate is experiencing a declining trend in many parts of the world. However it is also important to note that the age at which People die is also ever decreasing. Some reasons for this include unhealthy living style, stress, pollution, and some natural calamities. This necessitates people to make adequate measures to yield income for their family and dependents. This could be a serious concern if the insured happens to be the sole bread winner. Some individuals see this as an option to plan their retirement.

B) Advancements in Health Care
The mortality rate has declined rapidly even though the fact remains that the number of people who die at an early age is on the increase. This is mainly due to the advancement in healthcare and the awareness on medical facilities. This results in an increased spending at an old age. This increased spending is also due to increase in the costs of living apart from paying expensive medical bills. Unless they invest in Life insurance or other forms of insurance like health insurance it becomes next only to impossible to meet the financial demands especially during the old days.

C) Increase in the Cost of Living and Spending Power
The purchasing power of the consumers and the standard of living has experienced a steep rise over the years. The increase in National Income and gross domestic product are partly responsible for this. Individuals incur many unexpected expenses due to the growing needs. Insurance comes in handy to meet such an unexpected expense. It also makes sure that an individual is able to meticulously plan his finances.

Insurance option is more or less an interest free loan. An individual can cancel his insurance policy and obtain a huge amount if it is imperative in meeting an urgent expenses and he does not have alternative sources for finance. Life insurance companies therefore do the needful to consumers.

D) Tax Concessions
Income tax concessions are available to individuals and corporate houses who adopt insurance policies. Many have been making investments in Insurance with the sole aim of enjoying tax benefits. This naturally increases spending power. Since the investments increases the economic activities in the country automatically increases.

E) Best Option for Salaried Youth
Insurance is by and large regarded as one of the savings scheme. Students who earn while studying and those who take up full time employment after their studies see insurance as a profitable scheme to regulate their savings. Apart from tax concessions life insurance entails individuals to enjoy more benefits as they have special and attractive schemes for this segment.

Save cash on your auto insurance premiums

2009-04-18T02:30:00.000-07:00

When purchasing insurance for your car, there are a variety of factors to consider. The state minimum requirements for auto insurance coverage vary depending on the state in which you reside; for example, in the state of Colorado, where I currently work as an insurance agent, the minimum requirements for auto insurance coverage is 25/50/25, which pertains to bodily injury liability limits. This translates out into $25,000 per person, $50,000 per incident, and $15,000 for property damage. Keep in mind that these are the absolute minimum limits required by law. I would definitely recommend carrying more than that in bodily injury and liability/property damage coverage. If you cause a multiple-car pile-up, or even cause an accident where a few people are injured, chances are that you would cause more damage than you think. The extra premium you are paying for more coverage is well worth it (and this is coming from someone who is pretty conservative when it comes to spending money).

Comprehensive and Collision CoverageIt is also important to consider what deductible amounts would work for your used car situation. It is important to keep in mind that the higher your deductibles are, the lower your premium amount for that year is. Also, there are two kinds of deductibles: comprehensive and collision. Comprehensive pertains to any damage caused to your vehicle by vandalism, acts of God, hit-and-run, and hitting an animal. Collision has to do with actually hitting another vehicle while on the road. Comprehensive claims do not affect your future insurance premiums, but collision claims do negatively affect you future premiums. So, I feel that you should have a lower comprehensive deductible, and a higher collision deductible. My personal auto policy has a comprehensive coverage of $100 and a collision of $1000. Also, glass is covered under the comprehensive deductible. Some insurance companies have a $0 deductible for glass coverage, so ask your agent about this.

Used Cars Worth Less than $2000
If your used or older car is not worth more than $2000, then cover it with liability only insurance. That way, you are not paying for a collision deductible if it would cost you more to pay out the deductible than the vehicle is actually worth. However, don’t forget about the bodily injury liability coverage, as this could cover you if you are ever at fault in an accident. If you injure someone, you cannot simply claim that you are broke and have no coverage—you will still have to pay for the injuries or property damage regardless.

(by Robert Greenlee)

Before Buying an Auto Insurance Policy;

2009-04-18T02:06:00.000-07:00

When you are thinking about buying auto insurance policy, The following simple steps will help you determine how much car insurance you need to carry anand it will also help you get the best coverage at the lowest price.

Planning Out: Step 1
When it comes to auto insurance, you want to be adequately covered if you get in an accident but you do not want to pay any more than you have to. So how can you navigate your way through this murky subject? Prepare yourself and hold that goal in your mind.

Determine the coverage that you need and insurance policy: Step 2
Determine the coverage that you wish from insurance company by figuring out the amount of coverage you need. This varies from state to state. So take a moment to find out what coverage is required where you live. Make a list of the different types of coverage and then return for the next step. Nevertheless, do not forget to let your financial situation be your guide. If you have no assets, don't buy excess coverage.
There will be the information with the insurance companies have collected over previous decades is crunched into "actuarial tables" that give insurance adjusters a quick look at the probability of just about any occurrence.
Premium that you have to pay to the insurance company will be a most important thing while you are calculating everything. Keep in mind your paying capacity while calculating everything before buying auto insurance.

Know your driving records Step 3
Your driving habits may also be a consideration. When you are going to buy insurance for your vehicle. If your past is filled with crumpled fenders, if you have a lead foot or a long commute on a treacherous winding road, then you should get coverage that is more comprehensive. Keep in mind that you don't have to buy collision and comprehensive coverage. Nothing drives up the price of insurance like a bad driving record.

Get the competitive quotes and Compare the benefits on your context: Step 4
The most easy and accessible way to get quotes is the searching in the web. There will be available many competitive rates announcing by the insurance companies. When you visit the different online insurance sites, you should take note of several things:
Try to get every information related with your needs. Such as, Annual and monthly rates for the different types of coverage, Premium payment policy, discount offers, other benefits, and reputation of the insurance company and so on...

Make a sort list of the companies: Step 5
Before making the list, make sure of complete information if you have not yet get the complete information through online information. And when you get a quote, be sure to confirm the price. Also, ask them to fax or e-mail the quote to you as a record.
While making this list hold on your mind yourself also that can help to make a decision. Make sure you explore all options relating to discounts. Insurance companies give discounts for a good driving record, favorable credit score, safety equipment (for example, antilock brakes), certain occupations or professional affiliations and more.

Choosing the Right Insurance Company: Step 6
You now have most of the information in front of you that you need to make a decision. However, there is something more to consider. You can clearly see which company is least expensive, but when you need them to cover a claim, what kind of job will they do? To put it another way, which is the most reliable insurance company?

Review and Sign: Step 7
So, you've done your research, and you've decided on a company. Before you sign, though, read the policy. In addition to verifying that it contains the coverage you want, there are two clauses that you should look for in the contract:
Retain your right to sue. "Find out if you are giving up your right to go to court and will be forced into arbitration if there is a disagreement [between you and the insurance company]. "At least in theory, a contract is a mutual agreement, so you should be able to cross out that line in the policy,"

Congratulations! Now you have insured you vehicle wisely.

All About Indemnity Health Insurance

2009-03-01T04:54:00.000-08:00

At first glance, an indemnity health insurance plan may seem to hand policyholders the short end of the stick. After all, this type of insurance tends to pay less toward health care claims than a managed-care plan. Additionally, the policyholder generally pays more out-of-pocket and has to deal with more paperwork when it comes time to file a claim.

However, for a great number of people, indemnity is the undeniable way to go. Individuals may choose indemnity plans because they have favored health care providers who are not part of a managed-care network, or because they travel a lot and need the flexibility to seek care away from home, or for any number of other reasons. What makes an indemnity plan the right choice is different from one consumer to the next.

What primarily separates an indemnity plan from a managed-care plan is the presence or absence of a provider network. A managed-care plan comes with a network of health care providers who have arranged with the insurance company to provide their services at an agreed-upon rate. This allows the insurance company to know how much to expect to pay for any given service. It also allows the provider to know to some extent which services will be covered and the corresponding level of coverage. Because the insurance company has made prior arrangements with these providers, paperwork can be filed directly between the provider and the insurance company. The insurance company pays the provider directly for care, requiring the policyholder to pay only a small percentage of coinsurance or minimal co-pay amount out-of-pocket.

With an indemnity plan, on the other hand, there is no network of pre-approved providers. This means the insurance company is taking a greater risk when it comes to a policyholder's choices of health care providers. The policyholder may choose a provider that charges more than the insurance company expected to pay for a particular service.

For this and other reasons, insurance companies offering indemnity plans give themselves some protection from the choices their policyholders may make. They typically charge a higher annual deductible that must be met before coverage begins. They often require policyholders to pay the full cost for the service out-of-pocket and then to file the paperwork of the claim themselves to seek reimbursement for the care. This protects the insurance company from paying for services that are not covered under their plans and also from paying more than what is reasonable for the care their policyholders are claiming. The insurance company may determine a reasonable charge for a service by referring to a table of UCR (usual, customary, and reasonable) figures determined by the average cost billed by providers in a particular area.

An indemnity plan may sound like a poor choice for a consumer to make, but for the reasons mentioned earlier as well as others, an indemnity plan can be the best choice for some consumers. An indemnity plan does not require its policyholders to choose a primary care physician (PCP) or obtain a referral to receive care. In this way, it's one of the easiest plans to use. Policyholders seek their health care whenever and from whomever they choose.

Deciding between an indemnity and a managed-care plan is an individual choice. Like all decisions pertaining to health care and health insurance, the options should be thoroughly researched and carefully considered. Under the right circumstances, an indemnity plan can offer the greatest flexibility in obtaining health care and provide its policyholders the opportunity to be in maximum control of their health care choices.

Auto Insurance - Companies Or Broker, Which is Better?

2009-02-01T03:04:00.000-08:00

A number of people engaged in obtaining auto insurance are really not aware whether they are dealing with an insurance company or an insurance broker. This has happened because a number of insurance brokers advertise themselves as the company in spite of restrictions imposed by the government. Consumers are led astray many times and even end up getting cheated.

You could easily identify the insurance brokerage firms by identifying the suffix in their names such as services, brokerage or agency. If your state does not allow such differentiation you can get in touch with the local authorities to get more information. You should never ever avoid this step while obtaining insurance.

Internet has brought in tremendous benefits to a number of companies including insurance companies. Take complete advantage of the internet and find as such details as possible about the company you are dealing with on the net. You can also avail of a number of benefits the companies offer for internet customers which your insurance broker may not offer.

The days have gone where you used to make repeated calls to your insurance broker and kept chasing him/her to obtain that insurance you badly needed for your car. Today with the internet you can just obtain a quote online in the comfort of your home after filling in the required information. You won't be surprised at the number of mails reaching your mailbox. They will come with a number of benefits and you will need to spend time thinking on which company to choose. Finally you must choose a company which is reputed and offers you a rate which you can comfortably pay. As a warning don't just go for the cheapest company.

You will realize that although the insurance brokers are a better alternative and you could obtain insurance after a couple of calls you will not get the benefits offered by the insurance companies. This does not in any way mean that there are no good insurance brokers out there. You will find a number of brokers who take care of the customer's interest and they provide cheap quotes which will delight their customers. The advice that they provide can be invaluable.

In the end it is finally up to you to make that choice whether to go for a broker or approach the company directly.

By Nelson Kristek

Introduction of Insurance

2009-01-25T00:17:00.001-08:00

Introduction:
Insurance, in law and economics, is a form of risk management primarily used to hedge against the risk of a contingent loss. Insurance is defined as the equitable transfer of the risk of a loss, from one entity to another, in exchange for a premium, and can be thought of a guaranteed small loss to prevent a large, possibly devastating loss. An insurer is a company selling the insurance. The insurance rate is a factor used to determine the amount, called the premium, to be charged for a certain amount of insurance coverage. Risk management, the practice of appraising and controlling risk, has evolved as a discrete field of study and practice.

Insurance companies may be classified into two groups:
1. Life insurance companies, which sell life insurance, annuities and pensions products.
Life insurance provides a monetary benefit to a descendant's family or other designated beneficiary, and may specifically provide for income to an insured person's family, burial, funeral and other final expenses. Life insurance policies often allow the option of having the proceeds paid to the beneficiary either in a lump sum cash payment or an annuity.
Annuities provide a stream of payments and are generally classified as insurance because they are issued by insurance companies and regulated as insurance and require the same kinds of actuarial and investment management expertise that life insurance requires. Annuities and pensions that pay a benefit for life are sometimes regarded as insurance against the possibility that a retiree will outlive his or her financial resources. In that sense, they are the complement of life insurance and, from an underwriting perspective, are the mirror image of life insurance.
Certain life insurance contracts accumulate cash values, which may be taken by the insured if the policy is surrendered or which may be borrowed against. Some policies, such as annuities and endowment policies, are financial instruments to accumulate or liquidate wealth when it is needed.

2. Non-life, General, or Property/Casualty insurance companies, which sell other types of insurance.
In most countries, life and non-life insurers are subject to different regulatory regimes and different tax and accounting rules. The main reason for the distinction between the two types of company is that life, annuity, and pension business is very long-term in nature — coverage for life assurance or a pension can cover risks over many decades. By contrast, non-life insurance cover usually covers a shorter period, such as one year.

General insurance companies can be further divided into these sub categories.
~ Standard Lines
~ Excess Lines

Standard line insurance companies are "main stream" insurers. These are the companies that typically insure autos, homes or businesses. They use pattern or "cookie-cutter" policies without variation from one person to the next. They usually have lower premiums than excess lines and can sell directly to individuals. They are regulated by state laws that can restrict the amount they can charge for insurance policies.

Excess line insurance companies (aka Excess and Surplus) typically insure risks not covered by the standard lines market. They are broadly referred as being all insurance placed with non-admitted insurers. Non-admitted insurers are not licensed in the states where the risks are located. These companies have more flexibility and can react faster than standard insurance companies because they are not required to file rates and forms as the "admitted" carriers do. However, they still have substantial regulatory requirements placed upon them. State laws generally require insurance placed with surplus line agents and brokers not to be available through standard licensed insurers.

Nepal: a unique Tourist Destination

2008-05-22T05:12:00.000-07:00

Bestowed with spectacular scenic natural beauty, rich cultural heritage rich bio-diversity and hospitable people, Nepal offers wide ranging attractions to the visitors from mountaineering, trekking, sightseeing, white water rafting, jungle safari to cultural, sports and convention tourism.

Sight Seeing:
It is one of the major attractions of Nepal. In Nepal, one can visit the places of historical, cultural and religious importance and enjoy the scenic beauty at the same time. Famous destinations for sight seeing are Kathmandu valley, Pokhara (with scenic beauty), Lumbini (birthplace of lord Buddha), Nagarkot and Dhulikhel (hill resorts), Gorkha, Janakpur etc.
.
Trekking:
Nepal's mountainous and hilly regions offer some of the most spectacular trekking sites in the world. The immense contrasts in altitude and climate found in the different parts of the country support an equally spectacular mix of life styles, vegetation types and wildlife. The most popular trekking destination in Nepal is the Annapurna region. Other destinations include Everest region, Langtang region and other remote areas.

Mountaineering:
Nepal is well known for its Himalayan Mountains. Among the ten highest peaks in the world, eight are in Nepal, including the highest peak Mr. Everest. Nepal is a famous destination for mountaineers and every year more than 100 expeditions trudge up the Himalayas.

There are four seasons for mountaineering in Nepal:
Ø Spring (March-May)
Ø Summer (June-August)
Ø Autumn (September-November) and
Ø Winter (November-December)

White water River Rafting:
Nepal has earned a reputation as one of the best destinations in the world for white water rafting. For the rafting purpose, rivers are graded on a scale of one to six depending on how wild they are. Four grades are considered to be quite challenging without being exceedingly dangerous to the novice rafter. Grade five requires some previous river experiences.

Jungle Safari:
Nepal offers some of the most exciting safari destinations in the world. There are 14 national parks and wildlife reserves in the country. They offer one of the world's major habitats for endangered species like the one-horned rhino, Royal Bengal tiger, snow leopard, blue bull, and the long stouted fish eating gharial crocodile.

Bird Watching:
Bird Watching is another interesting event in Nepal. Over 800 species of wet land, migratory and resident birds are found in Nepal. They include koklas, giant hornbills, red-headed trogons, paradise flycatchers, herons, kingfishers, Tibetan snow rocks, and many species of pheasants, ogrets warblers and babblers. The popular bird watching spots are Phulchoki, Godavari, Shivapuri, and different national parks like Chitwan.

Mountain Flight:
The mountain flight is one of the popular attractions in Nepal. For those who are restricted by time or other reasons from going to trekking offer a panoramic view of the Himalayas in just one hour. Even those visitors who like the rigors of trekking still usually do not miss this opportunity to have a different perspective of the landscape.
The plane departs from Kathmandu and flies alongside the Himalayas giving the opportunity to view the snow peaks at a close range. During the flight travellers will be able to view various mountains including Mt. Everest.

Sight Seeing by Helicopter:
In Nepal, going to remote corners of the Himalayas by Helicopter is a pleasant and exciting activity. Since the helicopter needs very small place for landing, it can be hired to take tourists to any destination at any time.

Hot Air Ballooning:
The adventure of hot air ballooning is now available in Kathmandu Balloon flights usually begin shortly after dawn when winds are mild. The balloon will float about 1200 to 1500 m above the valley. From this altitude the entire Himalayan range will be in sight along with fantastic downward views of Kathmandu valley.

Convention Tourism:
Congenial weather condition and various amenities including international convention centre and world-class hotels make Kathmandu potentially a very ideal destination in South Asia for organising international conferences. The instant satellite communications, increased airlines operation, efficient services at comparatively low prices, and the wider use of English among the hotel and supporting staffs are other added advantages Kathmandu offers to the business executives and regional and international organisations to hold meetings, seminars, and conferences in this picturesque capital city.

Sports Tourism:
Nepal also offers great opportunity to the sports tourism. With the pleasant climate and the panoramic view of the snow-capped mountains and green hills, Nepal proves an ideal destination for sports such as golf and cricket.
Some Useful Tips for Visitors:

Following tips may help the visitors to make their stay in Nepal enjoyable and memorable:

The form of greeting in Nepal is "namaste" and is performed by joining the palms together.
Visitors are requested to remove their shoes before entering a Nepalese temple and stupa.
Visitors are requested to seek permission first before entering some temples.
Leather articles are normally prohibited to be taken inside the temple precincts
Walking around temples or stupas is traditionally done clockwise.
Visitors are requested to dress appropriately while travelling.
Visitors are advised to take photographs only after receiving permission for the object or person being photographed.
Public displays of affection between man and woman are frowned upon. Visitors are requested not to do something that is alien to Nepalese environment.

(http://www.nepembassy.org/)

THE KEY TO HOME BUSINESS SUCCESS

2008-05-05T02:18:00.000-07:00

Every morning as people wake up and make the commute to work, many dream of the day when they will finally work for themselves. Every time the boss lets someone know that they must give up their weekend plans for the good of the company, people contemplate the benefits of being the owner of their own business.

Are you one of these people?

If you are, it is important to ask yourself some very important questions before you make the uncertain leap into self-employment.

Many dream of the benefits of home business ownership, but few take into account the sacrifices that must be made to bring the dream to fruition. Please don't make this mistake yourself.

You must approach home business ownership with your eyes wide open. Ask yourself the important questions, and more importantly, answer your own questions openly and honestly.

AN IMPORTANT CONSIDERATION

Are you the type of person who relishes every chance to gather around the water cooler for social interaction.

If so, then home business ownership may not be the right decision for you.

Instead, if you feel that you can be quite content sitting alone at your desk; speaking only to clients and really minding your own home business, then you might have what it takes to succeed as a home business entrepreneur.

If you feel at ease with your own company and do not need a dozen coworkers milling around your desk, then you, too, could savor the freedoms that will allow you and your family, to live the lifestyle you know you want and deserve.

THE KEY TO HOME BUSINESS SUCCESS

Self-motivation is the key to success when you start a home-based business. You need to possess the ability to push yourself ahead. Your drive and determination will be reinforced with every new sale.

The level of success that you will achieve greatly depends on the time and effort you are willing to plow into your new home business. Your organization, planning and marketing skills, will all be put into practice when you embark on your liberating journey from employee, to being your own boss. In fact, you will
be the wearer of many hats and gain a wealth of business experience along the way, when you finally make that commitment to work at home.

YOUR SUCCESS RESTS ENTIRELY UPON YOUR OWN SHOULDERS

You will now be the boss. Are you truly able to work independently? Do you have the drive; the tenacity, to persevere with your home based business? Will you be able to invest the necessary time to nurture it, to watch it grow and see it through, from germination to full, glorious bloom? When you're the boss, you are responsible for the success of your home business, from A to Z, from disappointments to victory.

A home business means that you can take good care of your family and make money from home, simultaneously. You will have the best of both worlds! Just think--no more dirty laundry piling up--you
can do it while you work. No more scurrying around at the last minute searching for a babysitter either. And no more worrying about getting fired; you'll be the boss!

IN CONCLUSION

Stay positive and focused on your home based business, even if, when sales aren't up to par, you get occasional negative remarks or derogatory comments from people with stuffy, dead-end jobs.
Ignore their cutting words and bear in mind that success is the best revenge! Keep your admirable, positive attitude at the forefront and show them what you're made of!

Best Online Money Making Opportunity

2007-08-23T06:55:00.000-07:00

Here are the three best online money earning opportunities. Just read carefully. you do not need money to invest, Absolutely Free!!!!!!!!!!!

1. Build a website
2. Sign up for affiliate business
3. Increase your traffic (Free and Paid

Read carefully all three steps are clearly stated here and all you can do is free of cost:

1. How to Build a Own Great Website

I will tell you how to build a great website that will provide you with an additional income opportunity and a great way to express yourself.
If you have budget that go to .com, .net, .org, etc. companies otherwise just here are the few companies you can open website free and within a couple of minutes: you can just build a website within hour. .

http://www.geocites.com/
http://www.blogger.com/
http://www.wordpress.com/
http://www.blog.com/
http://www.typad.com/
http://www.blogsome.com/

for example:
it is better if you have yahoo email ID for in geocities. You go to site http://www.geocities.yahoo.com and sign up with your yahoo email ID.

For blogger.com, If you have anyone of the google ID like Gmail then, go to http://www.blogger.com you can sign up with your google ID directly within a couple of minutes.

When you go to their website you need to read their program what they have offered. You can create your website easily. At the beginning just start from free site then latter you can upgrade and pay for it or if you have budget then buy your own domain name and get started.
The first step is to use one of their tools to find out the most profitable theme for the website. After that follow all of the steps and ended up with the best domain name, a great looking site, and free traffic started building and making money. you can even add video to your website at no extra cost.

Some of the important things to remember are that the main thing people are searching for on the internet is information.

When you provide the information that people are looking for, you are already a step ahead of all the other website owners. The search engines, like Google, Yahoo, and MSN Live recognize quality content in your site and began to rank you higher in their search results for certain keywords. That results in you receiving more traffic, and that will lead to more money for you. When you know how to build a great website, you will use a great company that allows you to use your creativity while providing you with all of the tools and help that you will need. The end result is a successful website that provides you with an additional income opportunity. If you don’t have article just put any article from these site but always put the name of the author and website.

2. Sign up for affiliate business

Home Based Affiliate Business

A home based affiliate business is one of the best ways to make real money at home. Whether you want to be an affiliate without a website or you plan to use advanced internet business marketing to build traffic for an affiliate web site, there is great potential for success.

Get the Ads Free from the renowned companies

How would you like to get ads free?

If you have an internet business experience you know how to get the ads free or be affiliated? If you don't know, here are the simple steps. Google the first choice of internet entrepreneur, eBay, CJB, Bidvertiser are the some of the good companies. They pay you in the basis of cost per click, product refer basis, lead basis or in the sales basis. In the first step choose Google and Bidvertiser which provide cost per click basis income. I have worked with many companies but working with Google (my number 1), cjb, Bidvertiser and adbrite were my milk cow.

3. Increase your traffic (Free and Paid)

Increased On Line Traffic Every web site owner wants increased on line traffic, but how do you drive qualified traffic to your website? Well, stay with me and I will tell you. There are a few different ways to go about driving traffic to a web site. The fastest way to do is to pay for it.

You can advertise with Google Adwords or Yahoo Search Marketing or Bibvertiser just to name the three biggest companies.

You set up an account and write your ad. You tell them how much you want to pay each time they send someone to your site and your in business. The more you are willing to pay per visitor, the more traffic you will get, and it begins only minutes from the time you set up the ad. The upside is that you can get a lot of traffic real fast. The obvious downside is that it can and will cost a lot of money. What you have to decide is how much is each visitor worth to you. If you are selling a high priced item and your profit margin is large enough, it might be worth it to you to pay for increased on line traffic. If, however, you are selling items with low profit margins, or not selling anything at all, then this is probably not the way for you.
Don't worry though; there are a couple of ways to get free traffic hits:

This route to increased on line traffic is faster than the next one, but usually does not give you as much traffic. When you have another website link to yours, people who are on the other web site and see your link may come to your site. That is free traffic. Getting quality sites that have a decent amount of traffic to put a link to your site on one of their pages is not that easy though. Especially if you want them to put the link in a place where someone might actually see it and click on it. The solution to this problem is actually quite simple. Write articles about the subject matter you cover in your web site including links back to pages in your site. You can do this at a variety of places, but my favorite is at http://www.ezinearticles.com . These articles are not only read by visitors to that site, but other websites will post those articles on their sites with the links to your site intact. That does two things for you. The links themselves will send free traffic hits your way and the links pointing to your site will improve your standing with the search engines so that they will rank you higher and send you increased on line traffic.

That brings us to the most important route to increased on line traffic.

The major search engines are the largest source of free traffic hits. For those not familiar with them, they are Google, Yahoo, and MSN Live. They rank website pages according to the value that they believe you offer to the internet user who is looking for something. For example, if you have a website about home business, Google will evaluate your website pages and determine how beneficial your site will be to their users. If someone is looking for information on a e-business, will they find what they are looking for on your site. And how does the information on your site compare with the other sites that cover the same subject? They determine that through a variety of factors that we cannot discuss in this short article, but
suffice is to say that it is in your best interest to provide visitors with what they are looking for in the way of information if you want to rank highly enough to get real traffic. You can learn more about this in the e-book "How to start earning from e-business" it will tell you step by step procedure which covers all these three section in detail.
Search engines take a lot longer to begin ranking your pages and sending you traffic, but if you do it right, they will send you a lot of traffic, pretty consistently for years and years to come and make you reach at short time.