New prospective home and property buyers would heave a great sign of relief to know that buying homes now does not necessarily mean breaking the bank and eking out all of your savings. Whether it is a home to live in, or a property you hope to invest in, the costs of owning a space can be truly intimidating and cause some serious financial damages if careful steps are not taken.
Public liability insurance is something that you need when you own a place or manage a place that has people walking through it. There are many times when people could be injured while they are on your property, and you have to have some kind of insurance that is going to prevent you from paying out huge claims because someone got hurt when you were not watching. Anyone could be at risk, and it would be smart for you to get the insurance now before something happens.Continue reading “What Is Public Liability Insurance Why Do You Need It?”
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”
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”
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”
The primary objective of tax planning is to minimize your taxes while maximizing the returns on your investments. As per the Income Tax (IT) Act, taxes are levied at different rates based on your income. However, the act also provides certain ways in which you may minimize your liability by investing in tax-saving instruments.
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.
Whether you are a new investor in the market or are the last-minute tax planner, there is one product, which will fit all your needs. Out of all the products available in the market, Unit-Linked Insurance Plan (ULIP) is one product that offers a number of benefits and is a dual performer. The plan offers an insurance cover and an investment benefit. This means you do not have to buy a separate insurance policy and can enjoy the same benefit in a single investment plan. ULIPs are highly preferred by investors with long-term goals. They are also the first choice for last minute tax planners. In ULIPs, the returns from the investment are not taxed.