Author: Shreyas Dole
Maintaining a car is an expensive affair, regardless of the kind or cost of the vehicle. In addition to the mandatory insurance, the expense of replacing and repairing utilised components on a regular basis cannot be overlooked. These components’ individual prices may not be considerable, but when taken collectively, they have a substantial value. Let me define consumables and why you should have a consumable cover as an add-on to your automobile insurance. What exactly are consumables? Consumables are components that have a limited lifespan and must be changed on a regular basis. Such components are not reusable and must…
Know more about life insurance meaning, benefits & types of life insurance in detail. If you are wondering what is life insurance meaning, you should know that a life insurance policy is a contract between an individual and an insurance provider, in which the insurance company gives financial protection to the policyholder in exchange for monthly fees (known as premiums). As per the life insurance definition, the insurer (insurance company) pays a sum assured to the policyholder or to the named nominees in case the policyholder meets with an untimely demise in exchange for the premium payments made towards a…
The Budget 2022 has incorporated a slight taxation change in the insurance product for handicapped people, which may be considered as a relief to both the disabled and their guardians. Previously, premiums paid on insurance policies purchased by parents of differently abled children or dependents qualified for Section 80DD deduction only if an annuity or lump sum was provided to the handicapped child upon the policyholder’s death. The annuity or lump payment may now be provided to the crippled kid even if the parent is above the age of 60. “It has been recommended that the tax deduction under Section…
You may reduce the cost of your car insurance premium not only by customising your coverage, but also by being aware of a number of other issues. Here are some methods for lowering your auto insurance rate. When you purchase a vehicle, you pay for convenience. Aside from maintenance, you must also pay for the vehicle’s insurance, which consists of two parts: ‘third party’ and ‘own damage,’ generally known as ‘comprehensive’ insurance. While the former covers any damage or injury caused by a third party in the event of an accident, the latter covers damage to your vehicle. Is it…
When it comes to health insurance, many young people believe that it is solely for the elderly. This is not a new notion; it has been handed down through generations. However, the continuing Covid-19 epidemic has altered public view of health insurance. People have realised how unpredictable life can be, and that medical problems may strike at any moment. And today’s youth are highly interested and active in handling their own money. Purchasing a health insurance coverage early in life is the greatest way to keep your finances on track even amid medical crises. Any medical emergency might have a…