Financial planning is crucial because it enables us to make long-term financial plans. We can make better judgments about the future if we have a clear grasp of where we stand financially. Financial planning: What is it? The process of financial planning never ends. It’s not something you immediately start and declare “I’m done,” but
The consumer preference for the phygital (a blend of digital and physical experience) approach over traditional pen and paper formats for exploration of insurance requirements is at an all-time high. Since the insurance industry was tested Covid +ve in the second quarter of the year 2020, the long-established distribution funnels faced disruptive innovation, and the
Delays and disruptions in construction projects increase costs and lead to numerous arbitrations. All involved in the delay and financial experts must work together to calculate any losses incurred accurately. The contractor’s responsibility under a construction contract is to provide an asset that meets the specifications and at the agreed-upon price. Meeting the completion date
COVID-19’s turbulence and upheaval have underlined the value of resilience in many businesses. Unpredictable occurrences and mass uncertainty were felt deeply in the insurance industry, which has always been based on measurable risk assessment. As a result, the insurance landscape has become irregular, with rising demand for some insurance categories – such as event cancellation
Insurance Claim The well-known legal aphorism “Ubi Jus Ibi Remedium” states that “where there is a right, there is a remedy.” The legislature or an administrative authority guarantees that any damages incurred during the activity will be compensated. Who is eligible to make a claim under the Insurance Scheme? A policyholder, their legal heirs, or
The Long-Term Care (LTC) insurance industry brings both issues and opportunities to the forefront. On the one hand, the whole market has been gradually increasing and is expected to continue to do so. The traditional LTC insurance industry, on the other hand, is continuing to fall as prices rise and people become less willing to
It is a common misconception that young and healthy people do not require health insurance. Premature illnesses, even at a young age, are caused by an unhealthy lifestyle, irregular eating habits, and a lack of time for exercise. As a result, regardless of age or money, everyone needs health insurance to protect themselves against lifestyle-related
This tragic and devastating pandemic crisis has shattered worldwide health standards. Coronavirus, or Covid-19, is wreaking havoc on not only the economy but also people’s health. The medical costs associated with Coronavirus therapy put a strain on the patient’s and his or her family’s finances. Medical bills can add unneeded stress during this economic crisis
1. New Models, Personalized Products Usage-based, on-demand, and ‘all-in-one’ insurance lifestyle solutions will become more relevant within the digital economy. Customers will prefer individualised insurance coverage over the present one-size-fits-all options. Today, distribution costs account for more than 80% of the premiums collected by insurers. Intermediaries in the insurance value chain, which are characterised by
In India, the insurance industry has experienced substantial expansion. There are two different business transaction in a contractual aspect which is based on commercial intent of the parties coming out due investigation and discussion between them that is beneficial to them and in their best interest are MERGER and ACQUISITION. Since its globalization 20 years
Cryptocurrency is a sort of digital currency that commonly just exists electronically. Blockchain is a system of documenting information in a manner that makes it complex or unimaginable to modify, hack, or fool the system. Blockchain is the technology that facilitates the reality of cryptocurrency. What is Blockchain? A blockchain is essentially a digital ledger
Except if you live in a space where public transportation is plentiful and solid, having a vehicle accessible at whatever point you really want is really significant. Vehicles get us to and from our positions, tasks, and social exercises, and except if you can walk wherever to do those things, a solid vehicle is your
Before being driven on the road, all cars must be covered by proper insurance coverage, according to the Motor Vehicle Act of 1988. As the country becomes more digitally advanced, it is easier than ever to obtain insurance or renew a car insurance policy online with only a few clicks. Simultaneously, the rising number of
Picking a crypto exchange will play a significant part in your experience with buying and selling digital currency. Notwithstanding the crypto laws in India, Bitcoin is legal to trade and hold in India. Investors have several choices when it gets to picking a brokerage for trading cryptos like Bitcoin, Ethereum, XRP, and others. All these
You’re willing to enter in the market and take your initial move on the property stairway. Purchasing your personal home is an enjoyable experience but it can also be a daunting job, ample of complexities if you’re inexperienced. Because your home is normally one of the most significant assets you’ll ever hold, it’s important to
Compensation garnishment sounds alarming, however fortunately you might conceivably stay away from that and other severe outcomes by managing with your private student loan default right away. Here’s what to do: 1. Request help with your private student loan repayment If you can’t keep up with your private student loan payments, don’t ignore the problem.
Bankruptcy can be a sound solution for people with unsettled debt. It can also support them to persevere onto significant assets, restore their credit, and ascertain a constant financial route forward. Nevertheless, bankruptcy has constraints that you necessitate to know if you’re exploring debt relief. Remember there are several variables depending on the kind of
Even despite high upfront expenses and the increasing burden of legalities, entering the banking business stays an alluring proposition for some. Be that as it may, with such countless expected jurisdictions to browse, looking through different arrangements of laws to decide the most ideal alternative can be an unwanted drain on assets. Additionally, when a
Stock trading is a method of investing that prioritizes short-term profit bookings over long-term capital gains. It can be too risky to trade stocks without precise knowledge. Not every person who purchases and sells stocks is a stock trader, basically in the nuanced language of investing terms. Contingent upon how often they purchase and sell
Losing a valuable piece of Jewellery can be wrecking, both monetarily and inwardly. However, having the right sort of insurance set up can make that misfortune somewhat more bearable. This is what you need to know. What is Jewellery Insurance? Jewellery insurance ensures valuable things like rings, necklaces, bracelets, ear/nose studs and watches in the
Accidents don’t inform us before they happen and thus, we are never ready to deal with its aftermath. If you have recently been in an accident and have gotten several injuries, you might consider getting a personal injury lawyer. But is it even worth it? Many times, people avoid hiring a personal injury attorney because
Read our exhaustive, step-by-step home buying guide in case you’re prepared to take action. Purchasing a house is never just about as basic as strolling into a real estate office and smacking a thick wad of money down onto the table. There are many things you need to consider prior to buying. This is what
Nowadays finding an economical Health Insurance is hard and takes a lot of time. The medical bill may rise high to thousands and lakhs without Health Insurance. Smoking is one of the factors which affects the Health Insurance Premium, more might be paid if you smoke. Calculating along with smoking premium is one of the
