It is not uncommon for Auditors of Companies to resign in between an audit. It is not uncommon too for them to resign just days or weeks before the finalisation of the annual accounts.
But when these incidents suddenly start happening in frequent regularity, it is certainly uncommon.
The resignation of the top auditors from some listed companies just days before signing off on the annual accounts has been in top news since some time. It is not just Manpasand Beverages or Vakrangee or Atlanta which are hogging the headlines, some reliable database has shared that since the beginning of this calendar year, more than 30 audit firms have resigned as auditors of companies, midterm.
These news-makers haven’t been reflecting good signs on the share prices of these Companies which have been plummeting down, losing money for the investors and shareholders.
Many of us would remember the first time we walked in to a bank. For most of us, our first association with a bank would be for opening a savings account.
Bank savings account has evolved over the years from just keeping our liquid money to not only earning interest for us but also providing a plethora of various add-on services. The KYC norms have also made the procedure of opening savings account much simpler and easier.
An account which can be opened with the lowest balance, the add-on features include a passbook, a debit-cum-ATM card, a cheque book, internet banking, monthly or quarterly statements, and free SMS/email transaction alerts.
The deregulation of interest rates on savings accounts by the Reserve Bank of India has seen many Banks offering interest rates almost as close to that on fixed deposits.
Men may be from Mars and Women from Venus, but if we are offered to travel to space, it’s still scary. Space travel isn’t everyone’s cup of tea that requires putting one’s life in danger and hence needs ultimate protection for life.
Getting your life insured is perhaps the first and foremost way to get protected and this certainly is not rocket science. Perils and dangers aren’t just a part of outer space and is inherent in every walk of our life and hence getting a term insurance plan is imperative and yet as simple as your morning cup of tea.
To be safe and secure in every direction and space that our life tosses us in, we all need to provide protection in the form of insurance a chance to be our well-being spacesuit. A little financial and investment planning in this aspect is just what we would need to make informed decisions to help us in meeting our financial goals.
We may not be able to jettison out of a spacecraft, but term insurance does provide us the ideal parachute to protect the financial future of our family and loved ones in case of any unforeseen mishap during the course of our flight of life.
May not be a preventive measure and something which can stop an eventuality from happening, but insurance is surely a pure protection of the financial future of your kith and kin. A few points which we need to keep in mind while taking a term insurance plan.
Do I need it? We are earning an income which sustains our family and our lifestyle and we wouldn’t want our family to compromise on them in its absence. Or we may have various financial liabilities which we won’t want to fall on our family members in our absence. If our answer to any of these questions is in affirmative, we need a term insurance and do a favour to our family members.
How long should I pay? The money is needed by our family when our earnings stop or when the liability falls due. Hence, our insurance should at least cover our earning years, i.e. till our retirement age or till when we presume our liability to fall due.
When should I start paying? The advantage of term insurance plans is that the premium once committed remains the same throughout the plan term even though the risk increases as we grow older. Since starting early hence has the big advantage of having to pay lesser premium for the rest of the term, one should ideally start insuring as soon as one starts earning while assessing the needs periodically to keep adding the cover as may be needed.
Won’t I get any returns? A term insurance is designed to provide a pay-out only in case of the demise of the policy holder and hence it is certainly not an investment to give you regular returns. But that’s how it is priced too, being the cheapest insurance cover possible. Should that really be a dampener; isn’t not getting a pay-out yet means you are still alive and kicking, the biggest and the priciest of all returns?
Is it simple to understand? Unlike several other insurance and investment plans where you need to deal with crunching numbers, term insurance isn’t rocket science at all. With no need to sweat while dealing with financial plans, it is the simplest form of insurance. You know the amount you pay for the term you choose and you know the amount your family receives in case of your unfortunate demise.
With all said and done about basic term insurance plans, isn’t it smarter to have a life and health cover in one plan. iTerm Plus is a comprehensive online Term Insurance Plan from Aegon Life with a choice of four plan options which offer different in-built benefits like accidental death and 36 critical illnesses.
Definitely not rocket science, but if you still are one of those who have a plethora of questions on what insurance, tax savings and investment planning are all about, Aegon Life has an amazing e-learning initiative called iKnowledge where you can have access to a wide array of knowledge designed to cater to all your insurance needs at different life stages, thus helping you to make informed decisions and help you meet your financial goals.
Let’s secure our family’s financial future with Aegon Life Insurance. You don’t need to rocket travel to another plan(et); you just need to plan(it).
About Aegon Life:
With a complete product suite of life insurance plans, superior technology, and customised service, Aegon Life Insurance Company Limited launched its pan-India operations in July 2008. As a joint venture between Aegon – world’s leading financial services and Bennett, Coleman & Company – India’s leading media house, Aegon Life Insurance adopts a local approach to facilitate customer interaction. Our vision to be the most recommended new age life insurance company has enabled us to leverage digital platforms that bring transparent solutions to customer needs. Our financial planning and investment solutions include term life insurance plans, pension plans, unit-linked insurance plans (ULIPs), health insurance plans, child education plans, and more.