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Adjustment caused by the Global Crisis
By admin | January 13, 2009
Insurance premiums, real estate payments monthly premiums and other payables within the credit line have made some adjustments especially for new clients. One of the insurance companies where I recently availed their program has made adjustments to around 50% from the original premiums of their plans.
Actually this is the main reason why I became a member of the institution. I was offered the original price and I was given 1 year discount price on the premiums too. Though this is a five long years of payment, after the first payment is recorded and entered in the database, I am already entitled to all the benefits included in the plan and this includes death benefits.
The other main reason why I decided to become a client of the company is that I saw exactly one member near my place who was given the exact benefits stated in the contract. Of course, I did consider the status of the company. They are now on their 20th year of providing services to their members. My apologies, I could not disclose their website here. It is that I am not yet an agent (I don’t plan to become one), but their website is for local clients only.
To date, the company is now implementing the 50% increase on their premiums. This is obviously a very high increase to the fact that the benefits has only a bit of increase in return. As mentioned in the title, this is one effect the global crisis inflicted to the companies. You see even the locals feel this another massive distraction of the economy.
Real estate business, on the other hand, has made some adjustments up to 50% too. The original price of per square meter on a residential real estate property has marked the highest price on earth. From the original price of 100,000 worth of 250 square meter residential lot, now, residential lot owners are selling their lot at around 200,000 to 300,000. It is really a huge increase.
It is not that real estate properties really increases over time, but the global crisis has something that triggers the increase into double.
Topics: Finance, Price Index |