Advertising or facilitating games has multiple goods effects on the society besides increasing the revenue of company doing advertising expenditure. Analyzing future cash outflows / needs are important in order to work for their achievement.

Sponsorship in Sport is a huge market world over. It takes variety of
forms and mode like electronic media, print media, social media,
internet, inside and around playing facility, sports man as brand
ambassador or being made part of commercials, on clothing and
accessories of player, etc. As player have a huge fan following, it type
of advertisement not has the reach but also carries a hidden
endorsement also facilitating promotion of sports which is a healthy
avenue for any society. For some tournaments or events the competition
is so high that only via bid the selection of the advertiser is done.
However, it pays off for the companies given the reach and impact it
creates. Conversely, the game is also a beneficiary in this case and it
is even better if this helps in improvement of infrastructure and
monetary benefits to the players. If players get their share of money it
is very conducive for the game as most of the players take this as
their profession and therefore, this helps them in their survival and
earning bread and butter.

Life insurance is a product offered by
insurer whereby it agrees to pay the beneficiary(ies) designated by the
insured person a specific sum of money on death of the insured person or
on other agreed occasions. And accordingly a policy is written. The
insured person has to annual or lump sum premiums. This gives a sense of
comfort to the insured person that in case he is no more there in the
world his loved one get compensated in form of money and as such
financial burden may somewhat decrease. These products are offered by
various insurers in each country. The premium rates may be negotiable in
various cases. Some employers also provide this benefit to their
eligible employees by procuring this product directly from insurer for
the employees. So the employers pay the premiums and since this is bulk
purchase and being negotiated by a company, the premium rate is quite
good.

Financial Planning has become an imperative in this modern day living.
As they say failing to plan is a preparation to fail. The needs of the
individuals and his dependents vary accordingly to his background,
culture, vision and lifestyle. For instance, he has to plan the
financial aspects for his retirement days, marriage of his daughters in
certain countries, studies of his off spring, and the like. Various
insurers offer solution oriented products in these cases. Most of the
products encompass periodical premiums which accumulate to a handsome at
the end of the annuity period. Tax structuring though ignored at
individual levels is very beneficial in the long run as a dollar saved
today is like a 100 dollars after ten years or so. Other avenues are
decided by an individual according to his future requirements. For
instance if he wants to purchase a house after say ten years he will
have to say go through a mortgage type of product or may have to explore
investment avenues conceived in a way that it leads to handsome sum of
money when he needs it. In nutshell individuals should endeavor to put
in mind their future monetary needs so that when the time comes lack of
finance should not become an impediment for a bigger cause.

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Insured Person

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ABOUT THE AUTHOR

Andy Robert is a reputed insurance agent and has been working in the
Insurance industry for the last five years. He has worked as a
consultant with a number of reputed financial institutions and Life insurance companies in UAE and has extensive experience in Medical related insurance, Property Insurance & especially Sponsorship in Sport and all the latest development in Insurance industry trends.