Shriram Transport Finance Company Ltd (STFC) One of the largest asset financing NBFCs in India, plans to enter the debt capital market on 27 July, 2009 with a public issue of Non Convertible Debentures (NCDs) aggregating up to Rs. 500 cr with an option to retain over-subscription of upto Rs. 500 cr for issuance of additional NCDs.

Details of the Issue is as followed :
Issue Period : July 27, 2009 to August 14,2009 (With the option of closing earlier or extended upto a period of 1 month).
Stock Exchange Proposed listing : NSE.
Tenor : 3/5 years depending upon option applied.
Interest on Application Money : 8% pa on the allotted amount.
Interest on refunds : 2.5% pa on valid refund amount.
Basis of allocation : First come first basis.
Tax Implication : No Income tax is deductible at source on Interest..
Rating : ‘CARE AA+’ by CARE and ‘AA’ by Fitch .

LIC’S New JEEVAN VARSHA (PLAN No. 196): A Close ended plan which would be open for sale from 16th February 2009 to 31st March 2009. LIC’s Jeevan Varsha is a money back plan with Guaranteed Additions and Loyalty Additions, if any. The benefits and other details of this plan are given below.
Plan No.196 Benefits:
a) Death BenefitOn death during the policy term excluding last policy Year: Sum Assured with assured Guaranteed Additions.
On death during last policy year: Sum Assured with accrued Guaranteed Additions along with Loyalty Addition, if any.
b) Survival BenefitsSurvival benefits will be payable as given below.
Percentage of Sum Assured under the basic Plan
Survival to end of
9-Year Plan
12- Year Plan
3 Years
15%
10%
6 Years
25%
20%
9 Years
—
30%

c) Maturity BenefitFor policy term of 9 years: 60% of the Sum Assured along with Guaranteed Additions and Loyalty addition, if any, will be payable.
For policy term of 12 years: 40% of the Sum Assured along with Guaranteed Additions and Loyalty addition, if any, will be payable.
d) Guaranteed Addition: The Guaranteed Addition will accrue for each policy year at the following rates:
Rs: 65 per thousand Sum Assured per year for a policy of 9 years term.
Rs:70 per thousand Sum Assured per year for a policy of 12 years term.
e) Loyalty Addition: Depending upon Corporation’s experience with regard to policies issued under this plan, the policy will be eligible for Loyalty Addition on death during the last policy year or on the Life Assured surviving the stipulated date of maturity at such rate and on such terms as may be declared by the Corporation.
Eligibility Conditions and Restrictionsa) Minimum Sum Assured : Rs.50,000/-b) Maximum Sum Assured : Rs 25,00,000/-c) Minimum age at entry : 18 years completed.d) Maximum age at entry : 55 years nearest birthdaye) Maximum age at maturity : 70 years nearest birthdayf) Policy Term : 15 & 20 yearsThe Sum Assured shall be in multiples of Rs. 5,000
Mode of Premium Payment: Yearly, Half Yerly, Quarterly & Monthly (through ECS only).
Contact us for free quotes on LIC’s Jeevan Varsha Life Insurance olicy. Our LIC of India’s Authorised Agent/ Insurance Advisor/Consultant will Contact you within 24 hrs. Type your Business querry here.

LIC’S Jeevan Aastha (PLAN No. 195): launched on 8st Dec 2008, Its LIC’s Unique plan with Single premium for term of 5 year and 10 years. On maturity the Maturity Sum Assured (MSA) along with Guaranteed Addition and Loyalty Addition (If Any) shall be payable.

Eligibility Conditions and Restrictions

a) Minimum age at entry : 13 years completed.
b) Maximum age at entry : 60 years nearest birthday
c) Minimum Sum Assured : Rs.150,000/-
d) Maximum Sum Assured : No Limit
The Sum Assured shall be in multiples of Rs. 30,000

e) Policy Term : 5 & 10 years

Benefits:
a) Death Benefit:
On death during the first policy year: Basic Sum Assured with Guaranteed Addition.

On death during the policy term after first policy year, excluding last policy year:
1/3rd of Basic Sum Assured with Guaranteed Addition.

On death during last policy year: 1/3rd of Basic Sum Assured with Guaranteed
Addition along with loyalty addition, if any.

b) Maturity Benefit:
On maturity, the Maturity Sum Assured along with Guaranteed Addition and
Loyalty Addition, if any, shall be payable.

Maturity Sum Assured shall be 1/6th of Basic Sum Assured. For more detail Click here.

All of us wish to ensure the best possible future for our children. With the cost of education sky rocketing, it is all the more important that an early provision is made to ensure that your loved ones get a good head start in life. LIC’s Child Fortune Plus is a total solution to their education and other needs. The plan is a unit linked one offering the prospects of long term capital appreciation. For more detail visit www.avdhootinvestment.com

LIC’s The Best Endowment Life Insurance Plan policy not only makes provisions for the family of the Life Assured in event of his early death but also assures a lump sum at a desired age. The lump sum can be reinvested to provide an annuity during the remainder of his life or in any other way considered suitable at that time. Premiums are usually payable for the selected term of years or until death if it occurs during the term period.Suitable For:Being an endowment assurance policy, this plan is apt for people of of all ages and social groups who wish to protect their families from a financial setback that may occur owing to their demise. The amount assured if not paid by reason of his death earlier will payable at the end of the endowment term where it can be invested in an annuity provision for the rest of the policyholder’s life or in any other way he may think most suitable at that time. INDIA
For more Detail Visit Avdhoot Investment

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• think about after retirement plannings
• think about your child career
• think about safety
• think about security
• think about your money growth
• think about your future planning
• thnik about your pension planning
• think every thing but be positive when investment planning.For more Detail Visit Avdhoot Investment

If it is upto one lakh rupees, the accounts office will pay it to the legal heirs of the deceased on receipt of application in prescribed form, supported with necessary documents without production of succession certificate. If the balance is more than one lakh rupees, the production of succession certificate will be necessary.

Yes, A Public Provident Fund account can be transferred from one Head Post Office to another Head Post Office and one Head Post Office to a Bank or vice versa. for more story click here

Yes, there is no objection to Non Residents opening PPF account out of moneys held in the applicants non resident account in Indian Banks.

No, MIS accounts opened irregularly by exceeding the prescribed limits from single to joint or vice versa in order to compound the irregularity is not admissible.