Compared to conventional insurance products, ULIP, which is a new generation product and which was not accepted widely even though it has been known to have some unique features and advantages over many other insurance products has a host of benefits that are comparably more than any other traditional policies of a life insurance company. The main advantage of using this vehicle of investment over any other product that is available in the market is that it gives the policyholder the opportunity to invest in a wide variety of investment products that are eligible to be invested in. Similar to all other investment products, ULIP too has its own share of features that make it a desirable vehicle for investment. Another advantage of the product is that it is possible to be tailored to the specific needs of the individual investors.Continue reading “5 reasons why ULIPs are getting more popular as investment option in India”
Out of the box thinking does have its own benefits and drawbacks. However, in the case of a recent example of such thinking politically was the demonetization drive carried out by the Prime Minister of India, a couple of years ago. As a result of the drive, a lot of cash was pumped into the economy through various sectors. More policies were renewed in that short time period than all of the past twenty years and more. However, some pundits forecasted that the growth for the insurance industry would be muted or at best sluggish. However, the above action on the part of the general public proved the pundits wrong.Continue reading “3 Facts why upcoming financial year will be the year of ULIP”
The proper management of resources is an essential part of a business. After all, maintaining firm control over both the variable and fixed expenses won’t only help keep the company in good financial health, but maximize profit and revenue as well. But while this might be easier said than done, especially in highly competitive industries, there are plenty of strategies that successful entrepreneurs usually employ to keep expenditure in check. To this end, here are just a ways to manage your business expenses better.Continue reading “4 Ways to Manage Your Business Expenses”
Anyone who feels that their finances are out of control should consider budgeting. This is the primary way by which one can be in control of their spending. A budget is a plan that has been written down of how one will spend their money. Most people create a monthly budget, but one can also put together and annual one.
Many people have a misconception that health insurance policies only pay for hospitalization and health care, but this is not exactly true. The benefits of health insurance are plenty, and if you invest in a good policy, it will even pay for things that go beyond standard health care.Continue reading “Hidden Benefits of Health Insurance”
Last October, the UN’s landmark report on global climate change sent energy markets into a frenzy, as the future of oil and coal industries are jeopardized by large-scale financial divestment. The devastating report, which predicted a global temperature increase of 1.5C by 2050 without serious climate intervention, prompted many worldwide institutions to declare their support for green renewable energies, which are predicted to rise from 15% of global energy supply to 61% between 2020 and 2050. The surge in renewable energy demanded by the UN report offers financial promise: it signals investors to divest from fossil fuel resources and reallocate their stocks to companies on the cusp of gaining control of the global energy market.Continue reading “Climate Change Sparks Uptick in Green Energy Investments”
Selecting the perfect home can be a daunting task. But that is only a start. You still need to be a potential loan candidate with an acceptable credit score to navigate the mortgage process and ultimately secure a future worth living in. Since all these can prove to be a little slippery, most people who buy homes make mortgage mistakes that turns out to be costly. To avoid making such blunders, you need to first know what they entail.
Buying a sports bike is every hardcore biker’s dream. It is not only important to fulfill one’s dreams but also to protect them. You can protect your sports bike financially in a better manner if you buy bike insurance online.Continue reading “Must-Have Insurance Add-Ons for Sports Bike Buyers”
It is natural for an asset to depreciate in value. With respect to a car, its value is not going to remain the same for years. For example, if you had purchased a car for Rs. 5 lakhs, after four years, its value will be around 3 lakhs. In purely accounting terms, depreciation is the reduction in the value of an asset over a period of time due to natural wear and tear. In fact, the depreciation component kicks in the moment you drive your car out of the showroom. Read ahead to know how to avoid consequences of depreciation with respect to car insurance.Continue reading “How to Avoid Consequences of Depreciation in Car Insurance”
Buying a car insurance policy will safeguard your financial interests in case of certain unfortunate incidents related to your car. The premium paid by each policyholder might differ due to the way an insurer will calculate car insurance premium. To arrive at a certain amount a car insurance premium calculator is.Continue reading “6 Factors That Define Car Insurance Premium Calculation”
Many anxious thoughts engulf your mind when you plan to opt for a home loan to fulfill your dream of owning a home. It takes confidence to take up the responsibility and keep up to your commitment to repay the loan amount. The following consolations should help you to put your forward while approaching a home loan lender.
If you own a health insurance policy to safeguard the health of your family, it is important to ensure that you renew the policy on time. If you fail to renew the same, the policy could lapse and you might not be eligible to get the benefits of the same in the future. It is very important to renew the policy on time and there are certain factors that you need to keep in mind when doing the same. Explained below are the seven important factors you need to consider while renewing your health insurance policy.