Saturday, September 17, 2016

India wishes to see peace, stability and prosperity in Nepal: Modi

Indian Prime Minister Narendra Modi has said that India wishes to see peace, stability and economic prosperity in Nepal. Speaking at a press meet held following bilateral talks with Prime Minister Pushpa Kamal Dahal at Hyderabad House today, Prime Minister Modi said he was looking forward to joining hands for new and rich relations for the economic development of Nepal. He also said that he wished that the political parties in Nepal are able to address the voices to be represented in Nepal’s constitution through the medium of dialogue. “I am confident that Nepal’s leadership will hold necessary dialogue for the inclusion of all sides in the constitution,” he said. Prime Minister Modi also expressed happiness over choosing India as Prime Minister Dahal’s first foreign visit of his second term in office. Shedding light on the open border between the two countries, common culture and inter-relations, and the government-to-government and people-to-people relations, the Indian Prime Minister expressed the confidence that India would be a partner in Nepal’s development projects. Sharing that agreement had been reached for a 150 million US dollar concessional loan for post-quake reconstruction and additional credit for expansion of roads in the Tarai of Nepal, he said India was ready to provide financial support and collaborate for all kinds of connectivity with Nepal. Collaboration shall also be held in Nepal’s hydropower development, expansion of transmission line and production of ayurvedic medicines.

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Fifty years ago, most life insurance policies sold were guaranteed and offered by mutual fund companies. Choices were limited to term, endowment or whole life policies. It was simple, you paid a high, set premium and the insurance company guaranteed the death benefit. All of that changed in the 1980s. Interest rates soared, and policy owners surrendered their coverage to invest the cash value in higher interest paying non-insurance products. To compete, insurers began offering interest-sensitive non-guaranteed policies.

Guaranteed versus Non-Guaranteed Policies
Today, companies offer a broad range of guaranteed and non-guaranteed life insurance policies. A guaranteed policy is one in which the insurer assumes all the risk and contractually guarantees the death benefit in exchange for a set premium payment. If investments underperform or expenses go up, the insurer has to absorb the loss. With a non-guaranteed policy the owner, in exchange for a lower premium and possibly better return, is assuming much of the investment risk as well as giving the insurer the right to increase policy fees. If things don’t work out as planned, the policy owner has to absorb the cost and pay a higher premium.

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