CAR INSURANCE BLOG

Hello, Welcome bacl,, in this article, i will be giving a great and reliable informtion for those of you who want to engage in car insurnce, Car insurance is really a nice thing, kindly study this article carefully to acertain all you need to know before  buying a Car Insurance  What is auto insurance? Auto insurance is an agreement between you and your insurance company that can cover your car, damages you cause if you hit someone else, and other events. When you get car insurance, you're buying "coverages," which are essentially things your insurer agrees to pay for. In a nutshell:  It's like paying a little now to avoid potentially paying a lot later. How does car insurance work? When you buy insurance, your insurer or agent will ask some pretty basic questions about you and your car, and then you'll have some options when picking coverages. All of these factors impact your price. Generally, more coverage means a higher price. Then if you have damages or someth...

In this article, you will get all the necessary things and a case study pertaining  Mesothelioma  , I urge you to read this bit by bit so as to understand everything I m going to explain on  Mesothelioma and treatments.  What is Mesothelioma? Mesothelioma is a type of cancer that develops from the thin layer of tissue that covers many of the internal organs (known as the mesothelium). The most common area affected is the lining of the lungs and chest wall. Mesothelioma Life Expectancy Average life expectancy for mesothelioma patients is 12 to 21 months. How long a patient lives depends on several factors including age, stage of the disease, and overall health. Approximately 40 percent of patients live past one year; 9 percent live longer than 5 years. Malignant mesothelioma is an aggressive form of cancer whose symptoms typically don’t show up until later stages. Therefore, life expectancy for mesothelioma patients is generally short, especially without treatment. Li...

Alot have been finding it difficult on donating a Car in Califonia and that is the reason we joined forced together to help you on the necessary tips on How To Donate a Car In California, Read carefully below... In this post you'll find some tips on  how to donate a car in California  and some specific requirements you should be aware of that relate to California car donations.  1. To donate a car in California, you begin by submitting an online car donation form or calling the charity you wish donate your vehicle to.  If you wish to claim the car donation as a tax deduction, be sure to check that the charity is an IRS recognized nonprofit organization. 2. The process for receiving the tax receipt for your charitable donation may vary. Some charities will email you the initial receipt while others have the tow truck provide you with the receipt at the time of pick up. This is just an initial receipt and enables you to claim a tax deduction of up to $500. You should c...

Public-sector bank, Central bank of India has slashed interest rate on home loans for loans under Rs. 20 lakh. The revised rates on floating rate home loan have been cut by 25 basis points to be at 9.25 per cent, from 10 per cent. The fixed interest rate on housing loans has been reduced by 50 basis points, from 10.50 per cent to 10 per cent.

I have taken a loan from my father to buy a property. I am repaying my father by making interest and principal payments. Which documents should be prepared, and whether my employer can give tax benefit on such repayments. I have taken a loan from the provident fund office to acquire a property. What is the position on tax benefits on loan repayments? If you have taken a loan from your father/provident fund office to purchase the property, then the interest payable on such a loan is eligible for deduction under Section 24. However, the principal repaid on such a loan is not eligible for deduction under Section 80C as, unlike the deduction of interest, the deduction for principal repayment is available only where the loan is taken from approved sources. If the property is self-occupied, you will need a certificate from your father/provident fund office, certifying the amount of interest payable by you to him for the loan. Your employer will have to give you the benefit of deduction of in...

Any lender while granting any loan is interested in getting the money advanced back. While granting home loans, banks and housing finance companies evaluate your ability to repay the home loan on the basis of the income presently generated by you and the period for which the income will continue to flow. Generally banks grant you home loans equal to 5-6 times of your annual income and consider around 50-60% of the net monthly income available for servicing all of your loans.  The number of times of your annual income you will get a home loan varies from a salaried person to a self employed due to various reasons. For example, for salaried person the source of income is fixed and the salaried person does not have much scope to suppress his income and therefore the lender take the income shown in form no. 16 and ITR at its face value and accordingly the home loan eligibility is determined.  Likewise as against a salaried person, a self employed person, whether a businessman or a...

Recently, we at Apnapaisa received a query mentioning the case of Mr. Rakesh who had paid premium to a life insurance company to buy a cover of Rs. 50 lakhs. Unfortunately, Rakesh died in a fatal accident within 15 days of paying the premium to the insurance company. On finding premium receipt in Rakesh’s papers, his wife approached the insurance company for the claim. But the claim was denied. It was only then that she realized that life insurance policy was not in existence as the premium was received only as a deposit (in fact the receipt issued by the Insurance company clearly indicated that the money was received as a deposit and that the risk cover had not yet started) and her husband had yet to undergo some specific medical tests required by the insurance company. All that the wife got back was the premium amount paid by her husband. So all the careful planning by Rakesh to take an adequate life insurance for the safety of his family had come to naught simply because of his dill...

The cost of buying a life insurance policy depends on: Your age, gender, health, occupation and hobbies The type of policy you select The sum assured i.e. amount you choose to insure yourself for The term i.e. number of years you propose to remain insured The premium paying term i.e. number of years you choose to pay premium The mode i.e. frequency with which you choose to pay premium (single payment, annual, half-yearly, quarterly, monthly or via the Salary Saving Scheme) The riders i.e. additional benefits you select, their term and premium paying term. Here is an example of a term life insurance plan for a 30-year old male. Typically, a term plan for a sum assured of Rs.10 lakh for a duration and premium paying term of 30 years costs about Rs.3,430 per annum. In the event of death of the policy holder during the term of the policy, the nominee receives the sum assured immediately. If the insured survives the term of the policy, she/he does not receive any money. There is a variety o...

Do you think you do not need a life insurance. Here’s why you may want to rethink. Imagine you are the breadwinner in your family and suddenly you were to be taken away from them. Your income flow to the family will freeze. Would your savings be sufficient to take care of your family’s needs from then on? Life insurance is a tool that can reduce that risk. It replaces your income in the event of your not being there to take care of your family. Therefore, the most common reason to buy life insurance is to provide your family for the sudden loss of your income. The proceeds from a life insurance policy could be used to support the financial need of your family members. So, yes, you need life insurance. The only factor that you need to consider is how much life insurance you need. Now that are aware of the need to be insured, buy an insurance policy as soon as possible. The logic of calculating life insurance premium is simple – the younger you are, the lower the premium you will have to...

Firstly, when you buy a new car, you have to register it with the Regional Transport Office (RTO). Remember that despite taking a loan from a bank, you are entirely responsible for the registration of the car. Also, every car has its own Certificate of Registration (RC) book that tracks the history of the car. Moreover, as a car buyer, you need to ensure that all the legal forms should be filled in completely and submitted to the right authorities. Say, you live in Mumbai and bought a new car. You need to submit the relevant documents to the RTO under whose jurisdiction your address falls. If the new car is from another state, you will need to obtain a certificate of temporary registration from the RTO. In most places, this certificate is valid only for a very short period, after which a permanent registration number has to be obtained. While driving the new car to the RTO for registration, take the following with you: 1. Application for new car registration or Form 20 2. Photocopy of ...

Budgeting for a car is as important as budgeting for any other activity. Here are some pointers that will come handy when you decide to buy a car, old or new. The first step is to work out your expenses; and then the savings. Check how much you can save up for your car. When you buy a car, there are many costs that come along with it. Keep a margin in your calculations to meet costs such as fuel bills insurance premiums and servicing. Set a budget and stick to it. Ignore all that the dealers or the finance company has to say. Especially, if they say that you can afford more. And, there is NOTHING such as a zero percent  loan . Assess whether you need a brand-new car or if an old machine will do as fine. Depreciation is a major chunk of the cost of owning a car. Even if your car is just a year old, there is a hefty amount to be lost should you sell it. This essentially means that you can buy an old car on the cheap. If old is as good as new, why empty your pockets? Remember, buying ...

Business loan helps traders, businessmen and professionals to start or expand their commercial activities. The loan can be secured against a collateral in the form of property, finished goods, etc or can be availed without keeping any collateral security. This unsecured business loan is more expensive than secured business loan. Purpose of Loan Business Loan […]

There is no doubt that credit cards are the most convenient mode of payment. If you use your  credit card smartly, then you may shop your heart out as well pay the bill amount with ease. “But how?” is the big question. First and foremost, your income defines your shopping budget. Let say your monthly income is Rs 25000 and the total expenses are let’s say Rs. 15000 (including all your personal expenses). Now you have Rs. 10000 handy. Common sense will tell you that this is your shopping budget. You would be wrong – your shopping budget is exactly double your saved amount i.e. Rs 20000. Let me further explain how you could do it. Let’s assume your bill statement is dated the 5th of every month and your due date is the 25 th  of every month. For instance, for the amount you shop on your credit card starting, say, the sixth of February,  the due date will be the 25 th  of March, not the 25 th  of Feb ! In the interim, you will receive another paycheck, that of Marc...

Recently I read about the experience of a columnist with one of the business dailies as to how a  credit card  was issued to her while opening a savings account and the ordeal she had to go through after that. So what happened to her and why?  As confessed by her in her weekly column, it happened because she just signed on the dotted line of the application form for opening the savings bank account instead of filling up it herself and handed over to the bank’s representative. This act is not an exception but more of a rule, all of us do that. Normally representative of the bank comes to your place for helping you get a savings account opened in his bank and simply asks you to sign the blank form and leaves after collecting the supporting documents. He insists that he will fill up the form without you having to waste your time on such a trivial mater. That time you appreciate this gesture, only to repent later as happened in case of said columnist. So you know now that to ...

If I am first time applicant as I have just joined the work force, how can I have a history? Questioned my colleague Shweta. This took me by surprise early morning. So which history she was referring to? I just shook of my head and quipped Credit history? She said yes. And she is right in getting upset over this. The case in question is of my colleague Shweta who applied for a  credit card  on the website of one of the biggest private banks in India. She was working for nearly a year after passing out of a B-School and was yearning for a credit card to splurge on these monsoon sales all over the city. After applying online for the credit card, Shweta got a call from one of the executives of the bank who verified her details she had provided in the online application. After verification, bank’s  executive asked her is if she has a credit card or a  loan  from any other bank. She did not have any, so she said no. To this  the executive informed  her that...

I bought a car insurance policy through my   credit card   company. Amex Card gave me a car insurance policy through ICICI Lombard and this insurance amount was charged to my card in 12 monthly interest free installments. I did not receive the insurance policy so a month later I requested the bank to cancel the same. I have cancelled the insurance policy in question and bought another one. However, the problem is that I am being charged (on my credit card) with the installment for the premium. I have sent numerous letters and requests to Amex card as well as ICICI Lombard, but there has been no response so far. What do I do? I don’t want to pay these charges and I am getting billed extra interest charges, service tax and many other such charges.

Things have been happening so suddenly. It was a while before I realized I am almost stuck in a trap (or at least to me it seemed to be so). I am not much of a savings person. I use my  credit card  a lot. The only saving grace seems to be that I have taken no,loans,and I have no liability.,Otherwise I’d be stuck in a debt trap. With no way to know how to get myself out of it. Let’s just say that I am one of the lucky ones. What about those who are not so lucky? What can they do when in a debt trap? One option is to go to a financial advisor or consultant. But, they can be expensive.The better solution is to approach a credit counseling center. There are several credit counseling centers in cities across India. Some banks also have own credit counseling centers too, such as the Bank of India-sponsored Abhay, at Dadar in Mumbai. This agency, the first of its kind, also has centers in Gumla (Jharkhand), Wardha, and Chennai. ICICI Bank’s credit counseling centre, Disha has center...

Insurance amount: The amount of insurance is equal to the market value of the vehicle and not the original purchase price or book value of the vehicle. Renewal: The insurance policy needs to be renewed before expiry of the policy period. Any delay in insurance renewal can deprive you of the insurance benefits and also attract a penalty while renewing. Remember, it is against the law to drive an uninsured car. Moreover, if the insurance policy isn’t renewed within the period of validity, the car will have to be brought to the insurance company office for inspection. No-claim bonus: No-claim bonus (NCB) clause is basically applicable to holders of comprehensive insurance policy. The clause refers to the discount that a policy holder can receive on the amount of premium payable, if he/she has not lodged any claim during the year. The policy holder can claim a 20%, 35%, 50% and 65% discount in the premium in the first, second, third and fourth year of holding the policy. NCB cannot be clai...

Customers looking for a  car loan  will have to brace themselves with another hike in interest rates. Some of the bigger players in the car loan segment are likely to hike interest rates by next month. Interest rates in this segment are likely to move up by at least 50 basis points (bps) or 0.5 per cent by next month. HDFC Bank, Kotak Mahindra and Axis Bank are on course to revise  car loan rates  upward. Other banks are likely to follow suit. Such a move is likely to impact both car and two-wheeler loans. Margins on new car loans are now close to 75-100 basis points. A 75 bps hike in the Cash Credit Ratio has further shrunk margins on all loans by close to 10 bps. HDFC Bank is likely to increase its rates in the next few days by 50 bps. For 31-48 month loan tenure in the A&B segment, the new interest rate is likely to be close to 14.75 per cent. For the premium segment, interest rates would be close to 14.25 per cent. The bank is also hiking its rates for two-wh...

Once you have zeroed in on the car that you want to purchase, the next step is to apply for a  car loan . There is a lot less paperwork involved than a  home loan  since the bank does not have to verify any asset as in the case of home loans. It takes about three to six days for you to get a car loan -a lot less time than a home loan. Here is a step-by-step break-up of the car loan application process: Step 1: Enquiry with a lender: The first step is to get in touch with a lender. You need to get in touch with as many lenders as possible and get them to make loan offers to you. Then negotiate with them to get the best interest rate. Check if there are any special offers. After you have got all the banks to make their offers to you, select your lender based on the information you have in front of you. Step 2: Documents Collection After you finalize your lender, the lender’s direct selling agent will visit you and collect documents supporting proof of income, residence proo...