How to Invest Your Money & Planning to Save Money

Savings and investments go hand in hand. In fact small amount of money saved magically compounds into a good lump sum amount in future which can be utilized to fulfill one's financial goals and thus results in wealth creation for future. The earlier one starts to plan for wealth creation, the earlier and conveniently the goals of life can be met.

Why is Savings / Investments required?

1. Asset purchase needs are fulfilled

Savings and investments result in wealth creation for an individual. He can use his savings or the lump sum amount that he has created for purchasing any asset he wants and can fulfill his cherished dream.

2. Disciplined savings to curb wasteful expenditures

Insurance inculcates the habit of regular and disciplined savings, which is the key to successful long term financial planning. Pay your premiums regularly and enjoy the uninterrupted benefits of wealth insurance.

3. Tax benefits

Apart from protection and savings, wealth insurance plans also offer tax benefits as per prevailing tax laws.

When to start doing savings for yourself?

It is popularly said that “People don’t plan to fail, they fail to plan.”

It is never too early to plan for oneself. Rather planning done on time helps save and create a handsome corpus after a few years.

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Do You Know "Group Personal Accident"? how it will Help you .......

Considering the lifestyle today, every employee in your organization is exposed to various risks of accidental death and disability, specifically at work and while travelling to and fro the work place.

In case of any such event actually happening, the Employer has a moral duty to provide compensation, hence in our opinion; this cover becomes one of the most critical covers for employees.

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A Group Personal Accident Policy provides worldwide comprehensive lump sum coverage to your staff from risks of accidental death and disability

It covers the following

Accidental Death

Accidental Permanent Total Disability

Accidental Permanent Partial Disability

Accidental Temporary Total Disability

Weekly compensation benefits

Medical Extension

Periodic Addition/Deletion is possible on pro-rata basis. Groups as small as 10 members can be covered.

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Why travel Insurance is Important and Reasons to Buy Travel Insurance?

Many of us don’t know about “what is travel insurance ?”. But travel insurance is very important to all of us. Why it is important?. Travel insurance offers insurance protection while we are travelling. Travel insurance protects us against travel related accidents, unexpected medical expenditures while you travel and many types of loses like loss of passport, loss of baggage etc and delay in flights or delay in arrival of baggage etc.

But one of the big question arises here, which policy is best for your travel insurance. Or is your travel insurance policy covers all things which you want. Travel insurance offers cover only during a specific period of travel. We should always check that “how much time our policy covers or it will expandable or not”

Reasons to Buy Travel Insurance :

·      Coverage of Medical Expenses: It takes care of your medical expenses due to accident and sickness while traveling so that you can concentrate on better things like enjoying the holiday.

·     Checked Baggage Loss: Compensation for the loss of checked in baggage.

·      Baggage delay: Compensation for reasonable expenses incurred for purchase of emergency personal effects due to delay in arrival of checked in baggage, whilst overseas.

·     Loss of Passport: Compensation for expenses incurred in obtaining a duplicate or new passport.

·    Personal Liability: Compensation for damages to be paid to a third party, resulting from death, bodily injury or damage to property; caused involuntarily by the insured.

·   Hijacking: In an unfortunate event of your common carrier in which you are traveling; being hijacked, it will pay a distress allowance to you.

·     In-hospital Indemnity: Travel Guard pays a Daily benefit for each day you are an inpatient in a hospital due to injury or sickness.

·     Trip Delay: Reimbursement of additional expenses occurred due to trip delay.

·    Automatic-extension of the policy: It allows you to extend your policy upto a period of 7 days from the policy expiry date.

·        Personal Accident: It gives you worldwide coverage against Accidental Death and Dismemberment while you're abroad anywhere in the world.

·     Sickness Dental Relief: The policy pays for immediate Dental Treatment occurring due to sudden acute pain during the course of an overseas Insured Journey. Dental benefits will be provided for Medically Necessary filling of the tooth or surgical treatment, services, or supplies.

Other Reasons also to buy travel insurance are as  follows :

•            To obtain a visa for some countries, overseas travel insurance is compulsory. Even when       it is not, it is prudent to obtain a travel insurance policy when you are travelling on                 business or holidays or for education, research etc. as medical treatment, cost in many           countries are much higher than what they are in india and as affordable.
•       Your flight has been cancelled.
•         You need to cancel your trip due to illness.
•       Your cruise line, airline or tour operator goes bankrupt. You need your non-refundable            expenses covered and to get to your destination.
•       You have a medical emergency in a foreign country.
•       A terrorist incident occurs in the city where you’re planning to visit and you want to                cancel your trip.
•         A hurricane forces you to evacuate your resort, hotel or cruise.
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Do you Know About "Indemnity Insurance"

Indemnity according to the Cambridge International Dictionary is “Protection against possible damage or loss” and the Collins Thesaurus suggests the words “Guarantee”, “Protection”, “Security”, “Compensation”, “Restitution” and “Re- reimbursement” amongst others as suitable substitute for the word “Indemnity”. The words protection, security, compensation etc. are all suited to the subject of Insurance but the dictionary meaning or the alternate words suggested do not convey the exact meaning of Indemnity as applicable in Insurance Contracts.

In Insurance the word indemnity is defined as “financial compensation sufficient to place the insured in the same financial position after a loss as he enjoyed immediately before the loss occurred.”

                       Indemnity thus prevents the insured from recovering more than the amount of his pecuniary loss. It is undesirable that an insured should make a profit out of an event like a fire or a motor accident because if he was able to make a profit there might well be more fires and more vehicle accidents.As in the case of Insurable Interest, the principle of indemnity also relies heavily on the financial evaluation of the loss but in the case of life and disablement it is not possible to be precise in terms of money.

An Insurance may be for less than a complete indemnity but it may not be for more than it. To illustrate let us take the example of a person who insures his car for Rs.4 lacs and it meets with an accident and is a total loss. It is not certain that he will get Rs.4 lacs. He may have over valued the car or may be the prices of cars have fallen since the policy was taken. The Insurer will only pay an amount equal to the value of the car at the time of loss. If he finds that a car of the same make and model is available in the market for Rs.3 lac then he is not liable to pay more than this sum and payment of Rs.3 lacs will indemnify the Insured.

Similarly in the case of partial loss if some part of the car needs to be replaced the Insurer will not pay the full value of the new part. He shall assess how much the old part had run and after deduction of a proportionate sum he shall pay the balance amount. An insured is not entitled to new for old as otherwise he would be making a profit from the accident.

However there are two modern types of policy where there is a deviation from the application of this principle.

• One is the agreed value policy where the insurer agrees at the outset that they will accept the value of the insured property stated in the policy (sum insured) as the true value and will indemnify the insured to this extent in case of total loss. Such policies are obtained on valuable pieces of Art, Curious, Jewellery, Antiques, Vintage cars etc.
• The other type of policy where the principle of strict indemnity is not applied is the Reinstatement policy issued in Fire Insurance. Here the Insured is required to insure the property for its current replacement value and the Insurer agrees that in the event of a total loss he shall replace the damaged property with a new one or shall pay for the replacement in full.

Other than these there are Life and Personal Accident policies where no financial evaluation can be made. All other Insurance policies are subjected to the principle of strict Indemnity. In most policy documents the word indemnity may not be used but the courts will follows this principle in case of any dispute coming before them.    For More Just Fill the Contact Form ...................

How Can People Obtain the Ideal Car Insurance Online, Call Us 9650901058

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It is necessary that you have got your automobile insured to make it legal on the move. As such, you may find it necessary to spot the best deal that can have your automotive covered while not denting your account unreasonably. With the net, it is currently attainable to urge the simplest online car insurance while not abundant of a hassle.

One thing you must note regarding vehicle insurance is that you do not have to stay to the identical insurer year in, year out. Insurers are perpetually changing their rates every currently and then. The insurer with the best deal today may be the foremost pricey next year and vice versa.

It is thus suggested that every six months, you perform a survey of your own. This can enable you to search out who is offering the most effective deal and come with them. This method, you may be in a position to stay your finances within the black in addition to save significant amounts of cash.
The simplest place to start out when closing an automobile insurance on -line analysis is to request for automotive insurance quotes. These are offered for free and you'll easily compare one with the other. You'll be ready to easily tell people who are too expensive, in addition to those that could be too low -cost. You'll be able to then examine online reviews to see whether they have reports of client satisfaction or otherwise.

It is additionally vital that you examine the terms of the auto cowl policies that are on provide. While an insurer may be low-cost, this might turn out to be pricey when you have got problem in creating a claim. The fine print might be the rationale why the deal is therefore sensible, thus ensure that you scrutinize this before committing yourself. After all, low cost is pricey.

Discounts are another nice means to avoid wasting on coverage. When wanting at car insurance, you'll have a study the potential insurers to see the discounts that they will be offering. If you qualify for any, be positive to rise for the same, so you are doing not lose out on the chance. Some insurers ca n offer you a discount for having multiple policies with them, whereas others will have limited offers for a specified amount that you'll take advantage of.

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HOW INSURANCE WORKS - So Risk Transfer to Other Side

Insurance is an agreement where, for a stipulated payment called the premium, one party (the insurer) agrees to pay to the other (the policyholder or his designated beneficiary) a defined amount (the claim payment or benefit) upon the occurrence of a specific loss. This defined claim payment amount can be a fixed amount or can reimburse all or a part of the loss that occurred.

                                                             

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The insurer considers the losses expected for the insurance pool and the potential for variation in order to charge premiums that, in total, will be sufficient to cover all of the projected claim payments for the insurance pool. The premium charged to each of the pool participants is that participant’s share of the total premium for the pool. Each premium may be adjusted to reflect any special characteristics of the particular policy. As will be seen in the next section, the larger the policy pool, the more predictable its results.

Normally, only a small percentage of policyholders suffer losses. Their losses are paid out of the premiums collected from the pool of policyholders. Thus, the entire pool compensates the unfortunate few. Each policyholder exchanges an unknown loss for the payment of a known premium.

Under the formal arrangement, the party agreeing to make the claim payments is the insurance company or the insurer. The pool participant is the policyholder. The payments that the policyholder makes to the insurer are premiums. The insurance contract is the policy. The risk of any unanticipated losses is transferred from the policyholder to the insurer who has the right to specify the rules and conditions for participating in the insurance pool.

The insurer may restrict the particular kinds of losses covered. For example, a peril is a potential cause of a loss. Perils may include fires, hurricanes, theft, and heart attack. The insurance policy may define specific perils that are covered, or it may cover all perils with certain named exclusions (for example, loss as a result of war or loss of life due to suicide).

Secure You, Your Family and Your Assets- But How ....

General Insurance, also known as Non-Life Insurance. It comprises of an extent of insurances that provide specific covers to the insured against specific forms of eventualities.

The disparity between life insurance and non-life insurance is that while the prior protects the insured against risks of death, the second protects him/her against risks associated with life such as Health, Motor, Fire, Burglary, Theft, Illnesses, accident, etc. By its very definition, it can be estimated how wide a category.

General Insurance is. Motor Insurance, Health Insurance, Travel Insurance, Home Insurance, Business Solution, Project Solution, Liability Solution, Export Solution, Rural Solution.

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You have take First Step to Secure You, Your Family, and Your Assets.