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Insurance

All About How To Scrap Your Old Vehicle Under The New Vehicle Scrappage Policy 2021

All About How To Scrap Your Old Vehicle Under The New Vehicle Scrappage Policy 2021

Insurance
Like every other machine, vehicles come with a fixed lifespan and they also experience wear and tear over time. As the days go by, driving vehicles has become increasingly troubles some. This is due to reasons like low availability of spare parts, advances in automotive technologies, strict fuel rules, and sometimes the use of too many vehicles on the road. This is, in turn, caused by more people buying additional vehicles. This means that while owners hold on to the old vehicle, they purchase a new one thus increasing the total amount of vehicles on the road. In February 2021, the Union budget was announced. Among other things, Indian Finance Minister Nirmala Sitharaman announced the vehicle Scrappage Policy. Does this mean you have to scrap your old vehicle? How old does it have to b...
Make Sure to Do These Things if You Misplace Your Two-Wheeler Insurance Policy

Make Sure to Do These Things if You Misplace Your Two-Wheeler Insurance Policy

Insurance
A two-wheeler insurance policy is a must-have document besides your license, vehicle registration and PUC certificate. The Motor Vehicles Act specifies the mandatory requirement to have insurance coverage at all times of your vehicle. But just having an insurance policy is not enough. You must be able to produce such document when asked, failing which, you attract hefty fines. Hence, despite being under the coverage of a policy, you shall be fined as if you do not have an insurance policy at all. Thus, keeping them safe is also essential. Losing important documents is not uncommon, but it is a major problem, especially when it comes to bike insurance. But if you have lost your insurance policy, here’s what you can do. First things first, check at your home. It might be a false alarm. S...
Term Insurance Features you may not be aware of

Term Insurance Features you may not be aware of

Insurance
The goal of having a term insurance plan is to secure the financial future of your family members/dependents after you. But, the term insurance meaning and its benefits is something that you probably already know about. Let’s look at each and every feature one by one that you might not be aware of. You can increase/decrease your cover as and when you want If you opt for an upgrade in lifestyle, more expenses would be needed to be taken care of with a larger insurance cover to help your family sustain it after you. Conversely, if you’re looking to live a simpler life or have debts to pay, your other financial commitments may possibly reduce or some may even cease to exist.  In the light of the same, you can either increase or decrease your cover at any given point in time d...
What Are The Benefits Of Insurance Software For You?

What Are The Benefits Of Insurance Software For You?

Insurance
In today's world, everything is technology-based. We cannot imagine managing our work without the interference of different software. Insurance Software is one such product that helps us in various ways. It is the right tool to manage everything related to insurance claims. Good software will help reduce fraudulent claims and optimize the overall management cost, improving the customer experience. Benefits The various benefits offered by insurance software are:- Simple: This software comes with a simple interface. It means they are quite easy to use. They can process a large set of complex data within the system and produce required information relatively quickly. This software can process each claim with equal efficiency. Accuracy:This software ensures that each application an...
4 Surefire tips to consider when buying life insurance

4 Surefire tips to consider when buying life insurance

Insurance
Life insurance is one of the policies that you must take advantage of and should know more about. Who doesn’t need the assurance that even in their absence life will continue smoothly? Every parent would want to be sure that even in the occurrence of death, their children will go on with school and their lifestyle will not change. Life coverage matures in the event of death or after the agreed period. Shopping for life insurance can be overwhelming and to make it easy, you need a few guidelines.  The first thing you should do is to consider the much that you would want to purchase to protect your family. Again, get to understand between the permanent and term life insurance cover.  Following are some tips you need to consider when purchasing life insurance coverage Consider the a...
4 Useful Tips To Save Money On No Money Down Car Insurance Coverage Revealed

4 Useful Tips To Save Money On No Money Down Car Insurance Coverage Revealed

Insurance
It is possible to save money while buying no money down car insurance coverage. As such, these covers can be expensive but if you follow few vital guidelines, things may turn out to be in your favour. Here is some important information pertaining to the same which you may find useful. There could be different ways to save money when dealing with companies that specialize in providing auto insurance for no money down. It is needless to say that no money down vehicle insurance covers can at times prove to be expensive. Even if insurers don’t mind extending monthly premium payment plans, there is always the fear of their adding interests and other hidden costs to the instalments. To that effect, if you are thinking of purchasing an auto insurance coverage which doesn’t require any down paymen...
How term insurance can help you protect your child’s future

How term insurance can help you protect your child’s future

Insurance
Having a child can be one of the most thrilling phases of your life. Right from the first time of holding your baby to getting your child married, you might cherish every minute of your parenthood. Since your child can be the apple of your eyes, you might look forward to fulfill every responsibility of your kid. Until your children settle financially, you might have to meet their expenses. As a parent, you might have accumulated funds for the safety of your child in the long. However, your hard-earned savings might not suffice to accomplish their long-term financial goals. Therefore, you should purchase term insurance to offer additional financial protection to your child in your absence. Before you purchase term insurance to protect your child’s future, let’s first understand what is term...
How NRIs can buy term insurance plans in India

How NRIs can buy term insurance plans in India

Insurance
A term plan offers financial protection to everyone who is in need of insurance. Whether you are an Indian or a Non-Resident Indian (NRI), you can buy term insurance plans for your security. A term insurance plan can be the purest form of insurance, which can safeguard your loved ones from uncertainties of life in your absence. NRIs can purchase term insurance plans to receive financial support in the long run. As an NRI, you can buy term insurance in two ways. Let’s take a look below to know how you can avail term insurance for yourself and your loved ones: You can buy term insurance when you are in India. However, you would receive the term policy only after the completion of the formalities related to the underwriting of your insurance policy. You can purchase the term policy...
6 Life Insurance Mistakes You Should Avoid

6 Life Insurance Mistakes You Should Avoid

Insurance
Most people buy life insurance to either save up on taxes or to secure their future but end up making certain life insurance mistakes that can be avoided. These policies don’t come for dirt cheap prices and surely you must be contributing a part of your income towards it. So to evade such errors and get the most out of your life insurance plans, read to know the 6 mistakes you should avoid while buying life insurance: 1. Waiting Too Long to Buy a Life Insurance As you keep waiting to buy life insurance, the premiums keep getting higher. The term insurance premiums usually increase with age because your health deteriorates as you grow older. If you buy life insurance at an early age, you end up saving money and eliminate the risk of being ineligible for insurance due to some illness. ...
10 ways in which ULIPs help you save for the long term

10 ways in which ULIPs help you save for the long term

Insurance
Why do you hustle at your 9-5 jobs every single day? You put in extra effort to make money to live a comfortable lifestyle in the future. But do you think your life savings would suffice in the long run? While savings are crucial, we should not ignore the benefits of several investment plans in the market. With the right investment option, you can not only earn more returns but also accomplish your life goals. Being a popular investment option, a Unit Linked Insurance Plan (ULIP) is usually purchased by many investors. Since it helps you to save money for the long term, let’s take a closer look at these ten ways mentioned below to do so: It is a dual financial product ULIP insurance is a unique financial product, which offers dual benefits. It is an amalgamation of investmen...