For many years, if you wanted a loan to finance your business, your only option was going to the bank. Times have changed, though, and there are now a host of non-traditional small business lending options. If you need money to get your business off the ground or to expand it, here are a few options: Continue reading “Non-Traditional Small Business Lending”
When one decides to buy home insurance cover, there are several questions that arise in his or her mind. The first question is, how much a home insurance cover is going to cost me or to put it in other words, what will be the premium amount I would be paying to the house insurance company for coverage. This is a very logical question since it plays a crucial role in determining the degree of protection and coverage needed for your home, taking into consideration the budget you have and other associated economic factors. Continue reading “What does Home insurance policy cost?”
Last Sunday, when my mother told me that I look like my father, there was a quick flashback of what we all had to endure in the past few years. A few years ago, a truck coming from the wrong direction hit my Dad’s car. A passerby took my father to a hospital where he was admitted for 20 days. His legs crippled forever! As I was quite young at that time, my mother did not tell anything about my father’s accident. Continue reading “I wish my dad had bought a Personal Accident Insurance Policy!”
In recent times, one major area which is revolutionising industries is the emergence of digital economy. Consumers are spending a lot of time researching on the web before a decision is made to consume any service or product. While some consumers add on the Research Online Purchase Offline (ROPOFF) effect, the growing popularity of e-commerce portals is a testimony of the increasing Research Online Purchase Online (ROPON) effect. In a market research that was recently conducted by Social Times,it was revealed that 81% of all customers conduct research online before making any purchasing decision. And this holds true for all category of products and services, like consumer durables, banking services, fashion, tourism, etc. Insurance, therefore is yet another area which consumers search online extensively for information before taking a call. Continue reading “Research online for Insurance made easy – HDFC Life Click2Insure”
Picking the right life insurance plan is key to protecting not just your financial interests but also your family’s future in your absence.
If you really think about it, everything about life is uncertain. You cannot predict if you will find the love of your life. You do not know if you will ever have a high-paying job. You cannot say if you will always be happy or healthy, or that your parents will still be around to play with their grandchildren. There are very few factors in your life that you can actually control. After all, when was the last time you accurately predicted that something good or bad was about to happen? Better yet, when was the last time you were able to avert an unfortunate event in the nick of time?
The fear that you will abruptly cease to be in the lives of your loved ones is a very real one. Apart from grappling with the emotional trauma of losing you, your family may also suffer the pangs of financial suffering. This vision can keep you awake at night, and wreak havoc with your mental peace. Continue reading “Life insurance plans are made keeping you and your family in mind”
It goes without saying that investing in life insurance is a big deal. Life insurance is defined as a bipartite contract between an insurance policy holder (an individual) and an insurer (an organization), where the insurer promises to pay a pre established beneficiary (often close family members like wife, children, husband, or parents) a pre decided sum of money (the benefit) in exchange for a periodically paid premium, upon the death of the insured policy holder. The policy holder typically pays a periodic premium (say monthly or yearly) or a one time lump some payment towards the insurance policy. Since it is a considerable investment, at the end of the day, no one wants to purchase the wrong insurance or pay for a plan that’s far beyond their needs.
Keeping that in mind, here are 20 tips to help you get the best insurance for your needs. Continue reading “20 Things You Need to Know and Consider Before Buying Life Insurance”
As an engineer, you likely already have some form of insurance. However, one type of insurance you may not have considered is professional indemnity cover.
Designed to protect you in the event of a claim being made against your business, this type of insurance can prevent you from losing your company if anything does go wrong. When you look at it like that, you realise exactly how important it can be! So what benefits, besides preventing you from losing your business, does professional indemnity insurance provide? Continue reading “The Importance of Professional Indemnity Insurance for Engineers”
One of the sad truths of life is that we all face that moment when all of it goes away. Of course, none of us are really prepared for those moments which take our breath away, in a very different way. We can however plan, if such a thing happens, when we least expect it, so that our loved ones are taken care of. While we may not be there personally in those moments of stress and need, we can at least plan in such a way that such stressful moments of life be taken care of, at least financially. Continue reading “Life Insurance – For those undesirable moments in life”
Life is unpredictable and full of ifs and buts. It is important to keep your family members secured in your absence. A term plan is an insurance solution that provides financial security to your family members in case an unfortunate event of death occurs to you. A term insurance plan ensures that the entire sum assured is provided to the nominee in case an event of death occurs to the policyholder. This Sum assured can be utilized the way your spouse/ nominee wishes to use it – pay bills, pay EMIs, pay for child’s school fees, health bills, etc Continue reading “Term insurance plans review”
If you read investing articles, especially ones for mutual funds, you may run across the term prospectus. And if you’re an investor, you’ve surely gotten these in the mail. More than likely, they’ve ended up in your recycle bin before you’ve opened the first page. But is trashing the prospectus really that harmless?
It can be. Why? Because knowing how to understand prospectuses is crucial for any investor so they can make an informed decision about buying or selling a stock or other security. Let’s go over what you might expect to see inside of a prospectus. Continue reading “Back Away from The Bin: Why You Shouldn’t Toss That Prospectus”
With rising inflation every day, the annual increments which we receive are not sufficient to ensure a better future. We need to plan every day for a better tomorrow through plans which will pay a better return on our investments. That being said, understanding investments is not a cup of tea for professionals who are not from the domain of banking and financial services. Further lightening and thunders in life strike without warnings in various forms and stages. So how should we plan to move ahead in our life and ensure a stable financial future? Continue reading “#IncomeKaTopUp – Plan for a better future with Exide Life Income Advantage Plan”
Loans against security are gaining public confidence of late. Read on to find about the current trends related to this popular option in India.
Did you know that loans against shares have sharply increased to 78%, pushing retail growth to 18% year on year in November 2015? This RBI data analysis published in The Economic Times mentions that this steep rise is reflective of the burrower’s confidence in this funding option.
There are various types options that can be used as collateral for loans against securities, including demat shares, mutual funds, gold deposit certificates, Kisan Vikas Patra, National Savings Certificates, life insurance policies and more. In this type of funding, you pledge your shares for one year to raise the required burrowing sum. Continue reading “Loans Against Security: A Trend Analysis”
If you are remotely concerned about medical expenses in a different country, especially a scenario where you need emergency departure, then the answer is undoubtedly “Yes!”
We would come across a lot a travellers who religious believe that travel insurance is for people who are always paranoid. However, knowing the fact that we don’t have a crystal ball to look into the future and unprecedented events are always lurking in the corner, it is always better to be safe financially, than worry when you are broke. Let us also leave you with a small tip – Make sure you buy the policy as soon as you can after the first trip payment just to make sure that your pre-existing health conditions are covered. Continue reading “Is travel insurance really worth it and what are its types?”
With increasing pressure to go to college and get a degree, there is a great risk of finishing school with student loan debt and no job prospects. As the saying goes, “find a job you love and you will never work a day in your life, because that field won’t be hiring.” Unfortunately, many people pursue degrees in industries that are shrinking or lack growth. Continue reading “3 Fastest Growing Financial Service Jobs”
You must’ve heard countless stories about bread winners of a family falling critically ill & not being able to retain their jobs or fend for their families & ending up having a disrupted life. Critical illness is a reality today & events like renal failure requiring kidney transplants & burn injuries etc are not something that happens to ‘others’. It is important that every earning member of the family covers him or her against the disruption that such events cause in their as well as their family’s lives, irrespective of whether they are covered by health insurance. Continue reading “Edelweiss Tokio Life – CritiCare+ is the best critical illness plan!”
In today’s world, dreams are possible to achieve, by everyone, with proper planning and execution. The current generation of kids know that the sky is within their grasp. As a result, aspirations of making a global career is always high. Students strive hard to crack competitive exams like IIT JEE, GRE, GATE, CAT, XAT and the likes to lauch themselves in a career path that would make their dreams and aspirations possible. But such asipirations come with a cost, the burden of financial implications. Continue reading “Parents – Its time for you to do your homework”
It in interesting to realize that one of the most crucial decision once a person starts earning is how to save and invest in the right investments for the future, which often is clouded and difficult to visualise in the current setting. Unexpected incidents happen a lot, and it is needed to be aware and protected against the worst. Interestingly, even though everyone realizes its importance, not everyone tries to be aware of how to make such a decision critically and with a detailed understanding of the background and its issues. Continue reading “No Shortcuts to Financial Security – Plan for the Future”
When it rains, it often pours. In today’s scenario, people are often hard pressed when they or their family members suddenly fall ill. However illness is just the tip of the iceberg for the unlucky few but who knows when they fall into that small subset of unlucky ones. For example, the managing director of SAP India, died of heart attack at a very early age. He was at the helm of the Indian operations of the top enterprise software maker since 2007. One never knows, when one may encounter a critical health challenge in life, and so it is important to be ready for these situations. Continue reading “Super Protector Plans for Critical Illness”
Indians are known to be discerning buyers, with a keen eye for the best value from the investment they make. Whether shopping for clothes or a new car, Indians lay heavy emphasis on the overall value proposition, basing their purchase decisions on the product’s durability, quality, price points in comparison to comparable products, depreciation, and so on. Continue reading “Top 10 tips to select the best term insurance”
We all know for a fact that capital market is lucrative and can provide with excellent returns. But the risk involved and time it consumes to track the investments can prove to be tedious. It is also important that we understand how the market works and make the right choices to make money out of it. Else, it can lead to huge losses. To stay away from all these hassles you can choose to invest in a Unit Linked Insurance Plan (ULIP). These ULIP plans offer you the dual benefit of the right investment and also the benefits that come along with any insurance policy. Continue reading “One ULIP Plan for both Insurance and Investment”
It is a very common thought among the professionals who are below the critical age of mid-thirties that they may not need a health insurance plan. After all, till the time one really need to knock the doors of a nursing home or a hospital, one seldom is worried about health insurance. Continue reading “Why may the young and healthy need health insurance?”
Do you have the right health insurance cover? This is one question that haunts the healthy, when the times are tough and the raining starts. Sharing an interesting infographic that every individual needs to deliberate upon. Continue reading “Do you have the right health insurance cover”
Being involved in an accident of any kind can be very stressful on a person. Finding a way to get the compensation that a person is owed for their injuries is usually a top concern. The only way a person will be able to get this type of compensation is by finding the right Mississauga injury lawyer to represent them. Usually, there will be a variety of lawyers to choose from and finding the right one will take a bit of work. Scheduling consultations is one of the best ways for a person to figure out which lawyer is capable of helping. During the consultation, a person will need to ask a few vital questions to see what a lawyer has to offer. Continue reading “Important Questions that a Mississauga Resident Needs to Ask an Injury Lawyer”
Setting up a new business can be an exciting venture, yet no matter how well you budget it’s likely to involve a lot of starting capital. It can therefore be tempting to skip a few corners and save money in the beginning but there are many legal costs which must be covered. Continue reading “What Insurance Does My Start-up Require?”
Insurance for critical illness is more relevant today than ever before. With the mounting stress and anxiety factors taking a toll on an individual, critical illness insurance is obligatory. Largely, in terms of definition of critical illness insurance, we mean an insurance product, in which the insurer has to pay a lump sum, in case he is diagnosed with any of the pre-defined illnesses determined in an insurance policy per se.
Of course you are in business to make money, that’s only logical. However, what happens if some catastrophic event takes place, forcing you to close your doors either temporarily or permanently? Unless you carry what is called ‘business interruption’ insurance cover, you may suffer extreme losses. In fact, sometimes the loss is so extensive that it can put you out of business permanently. Here is what you should know and why it pays to have the best business interruption cover available. Continue reading “Why Every Business Should Have Business Interruption Insurance Cover”
As soon as you start your new company, you need to make sure that you have the proper business insurance. This is basically a priority. Business insurance will not be considered in many cases but you should always understand the fact that it is a necessity that you should never forget. As you insure the business, the investment made is protected. However, what option should you consider? Continue reading “Insurance Options To Consider When Opening A New Business”
The renting market is tough at the moment. Real estate giant Zoopla recently reported that tenants face fierce competition for rental homes, with 68% of letting agents saying that they see more people wanting to rent than there are properties available. Here’s a couple of tips on how to separate the responsible from the irresponsible and the measures to take if you get stuck with the latter. Continue reading “How Landlords Can Get the Best Possible Tenants”
Now that the Affordable Care Act has being proficient in the United States the employer mandate requires businesses with over 50 employees to provide healthcare insurance or otherwise face a tax penalty. No business wants to pay a fine and offering adequate health insurance plans will prevent employees from leaving and save your company money in the long-term. It is important that your employees are happy working for you to improve productivity and motivation levels. Benefits such as having a good health insurance plan can be effective in terms of how employees feel they are valued by the company. Continue reading “Choosing the Right Health Insurance for Your Business”