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Ashika
Insurance Broking and Risk Management Pvt. Ltd. |
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Ashika Insurance Broking & Risk Management Private Limited, the Company was formed and incorporated under
the provisions of the Companies Act, 1956 in the name of “Ashika Risk Management Private Limited on 10th of
March 2004. As the company was intending to enter into the business of Life and non-life Insurance, the name
of the company was changed to “Ashika Insurance & Risk Management Private Limited” on 31st August 2004 to
reflect the true nature of its business. The company changed its name to “Ashika Insurance Broking & Risk
Management Private Limited on 21st April 2006. Keeping in view the fast growth in Insurance Sector in India
and also globally, the Company has obtained “Direct Brokers License” from “Insurance Regulatory & Development
Authority of India “ ( IRDA) for entering into the business as brokers of Life and Non Life Insurance products
on 12th October 2006. “
Life Insurance
Human Life is precious on the Earth. It is the duty of
each human being to put a proper value to One’s Life.
Proper life insurance means Dignity, Security and Peace.
At Ashika, it is our endeavor to reach out to everybody
to make them aware about Human Life Value for self &
family. We believe that there is no substitute of Life
Insurance for a Happy Family. We are empanelled with all
Life Insurance Companies (including LIC) operating in
the Country.
Our Mission :
To help everybody to ascertain economic value of life,
suggest and guide about importance of saving & wealth
creation and also assist in retirement planning.
We offer Solutions through Various Plans: |
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Systematic Investment Plans (SIP)
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Capital Guarantee Plans
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Flexibility in Premium Paying
Liability
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Premium Holidays
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Withdrawal Facility
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Invest as per your Risk – Return
Profile
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Option to revise the Risk Cover
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Maximize your returns by Switching
Fund Options
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Top up Premium Amount
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Loan Facility / Single Premium
Plans
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Transparency :
Daily NAV & Monthly Investment Report |
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Tax Free Liquidity :
Tax free cash withdrawals & surrender options with the
right to repatriate. |
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LIFE-Product Offering : |
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Endowment Plans :
Endowment plans are life insurance plans, which not only
cover the individual's life in case of an eventuality
but also offer a maturity value at the end of the term.
In the event of the individual's demise, his nominees
receive the sum assured with accumulated profits/bonus
on investments (till the time of his demise). In case
the individual survives the tenure, he receives the sum
assured and accumulated profits/bonus. |
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Annuties / Pension Plans & Retirement Plan :
A retirement plan from a life insurance company helps an
individual insure his life for a specified amount. At
the same time, it helps him to accumulate a corpus,
which he receives at the time of retirement. This is
similar to a regular endowment plan; but there are some
key differences. Since this is a retirement plan, the
individual will be allowed to withdraw only upto 1/3rd
of the maturity amount as a lump sum. The same will be
treated as tax free in the hands of the individual. He
will have to invest the remaining amount in an annuity
from any life insurance company. This annuity will help
in generating a regular income for the individual’s
retirement, post-maturity. |
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Money back Plans :
Money back policy provides for periodic payments of
partial survival benefits during the term of the policy,
as long as the policyholder is alive. They differ from
endowment policy in the sense that in endowment policy
survival benefits are payable only at the end of the
endowment period. An important feature of money back
policies is that in the event of death at any time
within the policy term, the death claim comprises full
sum assured without deducting any of the survival
benefit amounts, which may have already been paid as
money-back components. The bonus is also calculated on
the full sum assured. |
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Key Man Insurance :
A life insurance policy that a company purchases on
company's key executive's life. The company is the
beneficiary of the plan and therefore pays the insurance
policy premiums. Key person insurance is needed if the
sudden loss of a key executive would have a large
negative effect on the company's operations. The payout
provided from the death of the executive essentially
buys the company time to find a new person or to
implement other strategies to save the business. |
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Employer-Employee Scheme :
It can be of various types, taken by the employer for
the employees like Group Gratuity, Group Term, Group
Superannuating plans. Premiums are paid either by
employers or contributory between employer and
employees. In this case insurance cover is taken on life
of all the employees as a whole or none basis. |
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