amansax89

[amansax89]

Why it’s necessary to get your bike insured?

The Motor Vehicles Act, 1988 has made it mandatory for people who buy two-wheelers in India to insure these vehicles because doing so provides you protection against third-party liability. Such liability happens because of damage to property and injury to people that may have happened because of your bike. When you have such insurance cover your insurer would provide financial compensation to the affected party and also take care of the legal issues that may happen as a result of such an accident.

These policies provide you comprehensive protection

The thing with third party liability coverage is that it is basic coverage. It does not cover the damages sustained by your bike and you in an accident. This is where you need a comprehensive bike insurance policy. The good thing is that these days you have so many insurers who offer you different policies, each of which is too good to reject. Now how do you choose the best policy from among the ones available? This is where a bike insurance app can be what the doctor ordered for you. With the help of a 2 wheeler insurance app provided by a top service provider like PhonePe, you can choose from among some of the top insurers out there and select the most suitable option from among them.    

These policies provide you discounts and no claim bonuses

These are some of the benefits that you can get from the policies that we are talking about over here. As per the no claim bonus feature, if you do not make a claim in a policy year you would get a lot of discount on the premium when you renew the policy later on. Here the discount is provided because the bonus gets adjusted against the premium that you are supposed to pay for the new year.

You do not have to pay any penalties

As we have said already, when you buy these policies you stay on the right side of the law at all times. In India, any traffic police officer or other such official authority may want to see your driving license and insurance papers by stopping your vehicle on the road. If you are not carrying them with you while you are driving on the road you may face financial penalties or imprisonment. You may be imprisoned for a maximum of 3 months or made to pay a fine of 1000 rupees at the most.  

[amansax89]

Why have the investment apps become so popular these days?

Do you wish to grow your wealth securely? Do you want to have complete control over the process and manage it just as you want to? In that case, the wealth management apps are your best bet for sure as they help you do all this and more.

They help you grow your money

These apps facilitate this by helping you meet your financial goals. For that, they offer you investment options that are suited the most to the needs that you may have in this regard. This way, you can grow your wealth steadily with time.

You can easily find the correct investment options for your needs such as mutual funds. The investment apps that we are talking about over here also help you build an investment portfolio that is as strong as it goes.

How do they help you grow your wealth over time?

If you are looking to build wealth you have to make sure that you plan for the days ahead. In this case, you also have to invest in financial products that offer you the correct balance of risk and growth.

They help you find the correct solution to your needs

If as an investor you want to achieve the correct balance of risk and rewards you should invest in mutual funds as they are your best bet for the same. This is where these money investment apps could prove to be so beneficial for you. The thing is that the companies that offer these apps such as PhonePe have something for every investor out there. This includes factors such as your risk appetite, the amount of money that you want to invest, the financial goals that you have in life, and the length of time for which you want to carry on investing.

They help you build a commendable investment portfolio

As you may imagine, these companies flood you with a plethora of investment products such as the following:

liquid funds

debt funds

tax-saving funds

hybrid funds

super funds

gold funds

equity funds

This means that on a single platform you have all the options that you need to do what you want with your money. As you can see for yourself, they offer you a great chance to diversify your portfolio as well with options such as gold investments. All these investment options are unique in their own way and they serve different purposes as well.

[amansax89]

Benefits Of Using UPI Applications for Payments

Since the last two to three years, UPI apps have become quite famous in our country and played a major role in building a cashless economy. This brought a positive impact on our environment as it can minimize paper usage at least to a smaller extent. The full form of UPI is Unified Payments Interface and it helps to transfer the money from one bank account to another within seconds. One can use their smartphone to manage all the online bill payments and other money transfers without any hindrances. UPI ID, bank account number, mobile number and QR code are some of the ways the UPI system uses to access the sender or receiver. Though there are other online payment methods offered by banks, it is factually correct to say that none of them gets the payment done as instantly as the UPI payment application. There are numerous mobile applications that offer UPI systems for payments, and there are other advantages of the same.

Here are some of the advantages of using UPI applications for payments:

No Additional Costs: The banks charge nominally for the usage of debit cards for transferring money, and even NEFT is no exception for that. Unlike other payment methods offered by banks, transferring the funds through the UPI system doesn’t cost you anything extra. It is generally free and even in exceptional cases, the charges are lower than the other payment modes.

Immediate Money Transfer: The moment you get registered on the UPI application; you can start sending the money. Also, the funds are transferred to the receiver’s bank immediately after initiating the transaction. But other payment methods like IMPS or NEFT require you to wait from 6 to 24 hours to send money after registration and adding the beneficiary.

Payment Of Bills: There are plenty of UPI applications that offer the options to make the bill payment instantly. All you need to do is to enter the required details of yours in those particular slots and make the payments when they are due with a single click. One can pay the insurance premium, electricity bill, internet bill, EMI, etc. with the help of these applications.

Cashbacks & Gifts: Most of the UPI apps give you some coupons or even a small amount of cash back to your own bank account upon making a transaction. The more you transfer the funds through these applications, the more likely it is for you to win exciting rewards.

[amansax89]

The Necessity of a Personal Accident Insurance

Everyone must recognize the importance of insurance in our lives. There are many insurances available with providers in order to assure your wellbeing. However, there are some special instances which demand us to be prepared as soon as we can. The process of getting accident insurance to avoid any kind of loss due to accidents is an example of the same. Everyone requires this insurance to attain the benefits immediately to reach you or your loved ones after the accident.

This insurance designed to help you cope with the loss of an accident covers all the medical expenses including the charges of emergency treatment. The policy providers specify to you a list of accidents against which the cash benefits will be provided. One can go through all the details and opt for this policy with the insurance company.

Even if you have an existing health insurance policy, going for personal accident insurance would help you to manage the expenses that aren’t covered. Since this insurance provides you benefit only against a set of accidents, the premium charged is much lower compared to others.

The following are the reasons why you need to get an insurance policy that provides coverage against accidents:

Broader Coverage: Generally, many insurance policies specify certain limitations on the locations. However, with this accident policy, one can claim the cash benefits without any restrictions that depend on the place of the accident.

No Tests: All the insurance policies, especially those related to your personal health, demand you have a medical test. This is for the insurance companies to make sure that you don’t have any existing health issues. But this personal accident policy doesn’t require any such test to get you insured.

Coverage Against Disability: If the accidents led to the permanent disability of a person, then this insurance makes sure that they are compensated relatively. The policyholder will be getting enough cash benefits that help him sustain the loss if it is under the limit of the policy he opted for.

Additional Benefits: The additional expenses covered by this insurance might come as a shock to many. A personal accident policy will also cover the transportation costs of the family members to reach the hospital or accident location.

These are some of the reasons which support the necessity to opt for an accident policy.

[amansax89]

Why do you need a life insurance policy in your life?

If you wish to secure the financial future of your family, then one of the finest options you have is life insurance. As a parent, you would have some goals in life. You would want your children to be properly cared for even if you are not physically there to do so. One of the biggest benefits of having life insurance is that it helps you make sure that your loved ones do not suffer from any financial inconvenience in case you are not there to provide for them. Indeed, your place in their life cannot be filled up in any way but having life insurance means planning for their well-being.

Fulfilling your financial goals

Life insurance helps you achieve most – if not all – of the financial goals that you have set in your life. All you have to do is download life insurance app, furnish do the needful and buy the policy. We all are similar in one way in life – we all have certain goals and we need to have or save money for fulfilling them. With these policies, you have the protection of a life cover and thus build up a financial corpus. One of the biggest benefits of these policies is that they help build up a sense of discipline in you by forcing you to save money so that you can pay the premiums.

It provides you peace of mind

You can be sure that if you have a life insurance plan you would have mental peace. If you want that peace of mind, go for a life insurance app download from a service provider like PhonePe. One thing sure about life is that nothing is sure about it. This is why with such a policy you can be sure that your family would have all the financial assistance that it requires when you are not there to physically do that for them.

You can save taxes as well

Investing in insurance plans comes with tax benefits as well – one more reason why you should opt for this particular avenue. Section 80C of the Income Tax Act 1961 provides you exemption based on the premiums that you are paying for these policies. If your beneficiaries get paid after your death or following the maturity of the policy, the tax benefits on the same would be provided as per Section 10 (10D) of the Income Tax Act, 1961.

[amansax89]

Factors to take into account before selecting an investment app

Always check the fees before you decide to invest through any platform. This is because this is one expense that you cannot avoid in this particular context. If the fees are too high they would encroach on your profits. In fact, it could reach such a stage that you may not be able to make much money from such an exercise. These investment platforms have their way of charging and unique fee structures as well. This is why you need to choose an investment platform where the finances would not impede the way you prefer to invest. A lot in this case depends on how big your investments are.

What do you want to invest in?

You should not download any app just because it is supposed to be one of the best investment apps doing the rounds right now. You need to make sure that you select one that lets you invest in your favourite investment vehicles such as mutual funds, shares, ETFs (exchange-traded funds), bonds, and investment trusts, to name a few. They should be available on the platform that you choose for investment. You need to know and understand that you would not get all such options in one place.

Do you need any assistance?

The best investment apps India provide you the guidance and assistance should you need it. So, this is something that you should be clear about right from the very start of this particular process. It may be that the platform you have chosen for investment would not offer you any financial advice independently. In that case, you would have to look for help elsewhere. Look for financial advisers who are regulated and qualified to offer such services. However, these platforms do offer you other benefits such as recommendations on funds that you can invest in.

The quality of service

You can be sure that if you invest through the likes of PhonePe you would not have any cause for complaint in this particular regard. You are entrusting a company with all your investment. In that case, you would definitely want a company that would offer you good service in this particular regard. This includes the best technology and the customer service to go with it. However, the finest companies in this regard would also charge you good fees but you can be sure that here you would get what you pay for.