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megahabibshareef-blog · 3 years ago
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The Only Guide You Need to Understand Profhilo Treatment
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Do you wish your skin could never age? Are you concerned that you have more wrinkles than you'd like to wear?
A brand-new, cutting-edge skin treatment called Profhilo treatment smooths rough, aged skin. Skin that lacks volume and elasticity is treated using this non-surgical technique of profhilo treatment. It can be challenging to determine whether profhilo treatment is any better than currently available treatments because it is such a novel process.
However, before deciding to try profhilo treatment, it's crucial to acquire all the pertinent information about it, including how it functions, its advantages, how it helps patients recover, any side effects, and more.
What is profhilo treatment?
Hyaluronic acid gel for injection called Profhilo is special. Hyaluronic acid is a naturally occurring substance that the body utilizes to assist the skin's collagen and elastin as they plump up and hold onto water.
One of the highest hyaluronic acid concentrations on the market is offered by Profhilo. It moisturizes and firms the skin to lessen the signs of aging and bring back a young glow.
How does the profhilo treatment work?
The dermal cells are stimulated for a significant amount of time by profhilo. Profhilo stimulates the cell receptors to combat slackness and improve and restore firmness. It is injected into the skin in a succession of little doses.
Hyaluronic acid with a low molecular weight makes up 50% of Profhilo, while a high molecular weight makes up 50%. Hyaluronic acid with high and low molecular weights each has benefits for the skin in distinct ways. Hyaluronic acid with a high molecular weight gives the skin volume and has a lifting effect. Hyaluronic acid with a low molecular weight hydrates the skin, especially the epidermis (the surface layer of the skin).
Profhilo remains in the skin for about a month following treatment because it is a stabilized substance.
How profhilo treatment help skin?
Aging skin on the face, neck, upper arms, and hands can be treated with Profhilo treatment. When addressing the following issues, both men and women over the age of 30 can gain:
Require facial renewal
Face drooping
Loose skin on the neck
Skin on the neck is crepey.
Rehydrating skin
Regaining brilliance
Enhancing the texture and tone of skin
Lift and tighten skin
Increasing the elasticity and firmness of skin
Benefits of profhilo treatment
The skin's tone, texture, moisture, and general radiance are all enhanced with Profhilo treatment. It can support healthier and softer-looking skin and aid to increase firmness and elasticity. Profhilo can be used to rejuvenate the neck, decollete, arms, knees, and hands in addition to the facial areas where it is most frequently applied.
Does profhilo treatment show instant results?
The moisturizing impact may make patients feel better right away, but because the Profhilo stimulates the body's natural production of anti-aging collagen and elastin, it may take a few weeks before the true benefits of treatment become apparent.
The skin feels softer, firmer, smoother, and plumper after a month. For best results, a second treatment is now required to fully promote the formation of collagen and elastin.
Does profhilo treatment last long?
After treatment, the Profhilo keeps working in the skin for about a month, at which point the body will have completely metabolised it. The rejuvenating effects of the therapy will endure even after Profhilo has naturally broken down because by this point it will have promoted natural collagen and elastin production.
A Profhilo treatment every six months should be adequate to maintain the effects after initial treatments.
What about the recovery from profhilo treatment?
The Profhilo continues to function in the skin for about a month after treatment, at which point the body will have totally metabolized it. Because Profhilo will have stimulated natural collagen and elastin formation by this point, the rejuvenating effects of the therapy will remain long after Profhilo has naturally broken down.
Maintaining the results after initial treatments should be possible with Profhilo treatments every six months.
What are the risks with profhilo treatemt?
Immediately following profhilo treatment, you might notice some redness where the Profhilo was injected. Additionally, you can experience some tenderness or itchiness there. These adverse effects, though, typically go away after 24 hours.
The needle, not the Profhilo, is to blame for all negative effects.
In the event that you have any of the following side effects, call your doctor right away:
Long-lasting swelling that gets worse
intense, escalating pain
Increasing heat and redness of the skin
injection locations feeling sick in general days after treatment Looking pale, white, or grey a day or more after treatment
Any of these side symptoms need to be addressed right once to stop further harm.
Conclusion
We usually start to notice the telltale signs of aging around the age of 30: wrinkles and drooping, dry skin. But if we don't want to, we don't have to put up with those unsettling symptoms. Anyone over the age of thirty should consider Profhilo treatment as a safe, non-invasive therapy option. If you are inspired to opt it, you can check out Kaya Skin Clinic in Dubai for a reliable and highly-rated treatment experience.
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megahabibshareef-blog · 3 years ago
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6 Simple Ways to Style Your Bedside Table
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When it comes to the final touches of your bedroom, you might be tempted to think that a bedside table is the smallest thing. But what is often overlooked is how you style them. In fact, your bedside table can make or break the look of your room. It can either be something inconsequential and unnoticed, or it can become one of the most beautiful and functional focal points in your bedroom. The trick? Knowing how to style it well.
Read on for our guide on how to style your bedside table correctly with other bedroom furniture in Dubai.
Style 1: Try contrasting color
While people usually prefer a soothing color for walls and bedroom furniture in Dubai, sometimes we want to spice things up with a striking color. But if you are not willing to paint the entire room red, you can do so by choosing the bedside table in a contrasting color to the walls. You can also experiment with different hues to get a balanced color of the entire room which is both soothing and striking.
Style 2: Add a lamp
A bedside table is a great place for a lamp, especially during the fall and winter months. It’s an excellent way to make your table more useful as it not only provides you with light when you’re reading or trying to get to sleep, but it can also be used as a decoration piece. Try to find a lamp that matches the look and feel of your room.
Style 3: Get a  rug or runner underneath
A rug can be a great way to shake up the look of your table. Rugs can be used in many different ways, such as under a table or as decor on a table. Rugs can also be used as a way to divide up a room, such as putting a rug in front of a bed or couch. A rug is a great way to shake up the look of your table. You can choose a rug that matches the rest of your room or one that contrasts.
Style 4: Use bedside table as storage
If you have a bedroom with less space around, a bedside table with a drawer can be very resourceful. This can be a great way to store items you use often. Try to find storage that matches the rest of your room, or uses bold color to add interest. 
Style 5: Incorporate art
If you have a large enough table, you can consider adding in a piece of art as decoration. This is a great way to add in a bold piece of decoration that can really stand out. If you’re low on space, you can also consider hanging a smaller, more framed photo that complements your bed table. This is a great way to add in some photos of loved ones.
Conclusion
If you follow these tips for bedside table styling, you can really change up the look of your room. A bedside table can be a great piece of furniture with a small size but large in functionality and style. Bedside tables are often overlooked, but they can be a great way to add decoration to your room and help it look complete!
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megahabibshareef-blog · 3 years ago
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5 Tips to Ensure Financial Planning Success
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Rapid digitalization has made financial transactions cheaper and faster. One would think this encourages spending. However, that’s not the case. Almost 70% Indian consumers said in a survey that they had increased savings and investments after the pandemic outbreak. The Consumer Spending Sentiment Index Report also showed that those who are spending more are doing so on essentials. While developing the habit to save is commendable, planning your personal finances better can ensure that your money works harder for you. 
Financial planning does not have to be complicated, but it does require some patience, diligence, and an eye on the long-term. So here are some tips for creating a more successful plan.
Tip #1 - Know Your Goals
Do you wish to retire by 55? Maybe you dream of going on a world tour or aspire to educate your children abroad. All these goals require a degree of financial commitment. To determine how much you need to save and invest every month, the first thing to do is to define your financial goals. Create a list that is comprehensive, as this will prepare you to plan the short-term steps to reach those goals. 
Tip #2 - Make a Budget
A budget is essentially a tally of your income against your planned expenses. This helps you keep track of where your money is going and whether you’re any closer to reaching your financial goals. It also helps you avoid unnecessary expenses and to judge your risk appetite when investing in financial vehicles like mutual funds.
To get started, you can use a spreadsheet to note your expenses. There are various apps, like GoodBudget and Expensify, that you can download on your phone. These have features like scanning receipts and linking to credit cards to automatically record your expenses.
Tip #3 - Maintain an Emergency Fund
It’s a good idea to save some money for a rainy day. Life is unpredictable and there may be medical emergencies, loss of income, home repairs, and other such situations. With an emergency fund in place, such uncertainties will not have a significant impact on your financial goals.
As a rule of thumb, you can aim to put away six months’ worth of expenses as an emergency fund.
Tip #4 - Manage Your Debt
Some amount of debt is fine, especially when it comes with advantages, like home loans. The best way to manage other debt is through consolidation. You can consider the following:
Pay off the higher-interest debt first.
Track your cashflows to ensure sufficient allocation towards servicing debt.
Clear off debt before making luxury purchases.
Take advice from a professional financial planner if your debt is too large.
Tip #5 - Invest Smartly
It’s practically impossible to rely purely on saving to meet your financial goals. This is because inflation will keep eating into the value of your funds. Depending on your financial goals and risk appetite, you can decide on the kind of investments to make.
You don’t need to have a large corpus to begin investing. For instance, you can invest in mutual funds through an SIP (systematic investment plan). SIP allows you to invest very low amounts each month in your selected mutual funds.
Consider using a financial goal calculator or an online financial goal planner to begin with planning your personal finances. With the right plan, you can remain financially independent through your life and enjoy your golden years to the fullest.
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megahabibshareef-blog · 3 years ago
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Discover ULIP Like Never Before, Know Everything About It
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It's almost that time of year again; tax season 2022 is right around the corner. This time is stressful for many people. Taxpayers either pore through receipts and invoices for hours or hunt for a reputable CPA. But it is paying a significant portion of one's income in taxes that irritates lakhs of taxpayers.
In the latest Union Budget release, there were no deductions for tax slabs within the personal income tax category. This means you'll have to start looking for new ways to save money on your taxes. So, how about looking into some insurance plans?
Here are some things you should know before moving ahead.
Unit-Linked Insurance Plan (ULIP)
It is a hybrid plan that combines the advantages of both insurance and investment. This allows you to invest your money while also financially protecting your family in the event of an accident. What's more, the best part? It's an excellent method to save money on taxes!
Take a look at how ULIPs function before diving into the perks.
You can pay the premium monthly, quarterly, semi-annually, or annually or make a single lump-sum payment according to your desire.
One part of the premium is used to cover your life insurance, while the other is invested in specified funds.
The insurer will invest your money in a variety of financial products such as stock, debt, and so on.
The quantity of units you're given is determined by the amount you put in.
Over the term, your capital gains will be calculated using the ULIP NAV.
You will get all the benefits as specified in the policy term after the period.
Then there's a savings opportunity that comes with the added benefit of life insurance protection as well as capital growth. The Unit Linked Insurance Plan invests your money over a longer period to build wealth for the future.
To finance the investment, high-quality market securities, both stock and debt, are used. As listed below, the ULIP plan significantly complements your financial portfolio.
Benefits of Unit-Linked Insurance Plan
Unit Linked Insurance Plans are becoming increasingly popular as a result of fund options that provide consistent returns, low risks, or both. They are offered by India's leading insurance companies, banks, and fund institutions.
Your money is guaranteed to earn good returns over the vesting time, in addition to providing life insurance protection for your loved ones.
Essentially, a unit-linked insurance plan is a life insurance policy with market-linked investment growth.
When you buy a unit Linked Insurance Plan, a portion of your investment goes toward the policy premium. The remaining part is invested in high-quality securities.
ULIP has several advantages that are listed below:-
These plans combine life insurance with investment growth, with your money rising over time through equity and debt investments. The finest plans provide consistent annualized returns. As a result, you construct a long-term path to prosperity.
The ULIP has a lower risk profile than most other market-linked investments. The fund house or insurance provider makes sure that the money is placed in high-quality assets, which means that the return is larger while the risk is reduced. Your ULIP policy investment may earn a specified percentage of returns each year, with little possibility of losing money. Furthermore, the premiums paid for the plan are tax-deductible under Section 80C.
You are not responsible for managing your unit-linked insurance plan on your own. The insurance provider or fund house appoints a fund manager to supervise the plan. You do, however, have the option of looking at the annualized growth and possibly modifying some of the unit allocations to increase the return on investment. In addition, the fund manager can keep an eye on daily and monthly Net Asset Values (NAVs) to make sure the policy is on track.
ULIPs have long been the preferred investment option, particularly among young Indians in their twenties and thirties. They are not only simple to use and comprehend, but they also offer a variety of risk and return options. Many investors claim that a ULIP policy will benefit them in the long run by teaching them to save and be more aware of their spending habits. The policy generates consistent returns, which is particularly beneficial for young people just starting.
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megahabibshareef-blog · 3 years ago
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Top 5 ways to style t-shirts for women
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There are very few women in this world that may not own at least one t-shirt in their wardrobe. Perfect for a low key vibe, you can also dress them up or down to suit many occasions. T-shirts for women are often relegated to merely a basic women’s clothing item, but the truth couldn't be further away from it. They are actually one of the most comfortable and versatile clothing items and have several ways of being styled. The who’s who of the world display T-shirts in several styles that will make you stop reading and go hunting for your next buy. But wait a minute before you do and take a look at these amazing ways you can style your T-shirts and be the envy of the room you walk into.
Top 5 Ways Women Can Style Their T-shirts
When you go to buy online t-shirts for women, you could be confused as there are many options. Even for a plain white t-shirt, you will be displayed with several options. Once you finalize which one is best for you, you can then follow these top 5 tips of styling that will change your entire look and bring your inner fashionista out.
1. Workout in Style
Athleisure is the latest trend in casual fashion, and T-shirts form the main crux of this trend. Wear a pair of track pants and dress it up with a matching t-shirt to start off the look. To dress it up further, you can wear stilettoes, jewellery and add a snazzy clutch, and you are ready to go on your lunch date with your girls. In any popular women’s clothing store, you will be able to spot many such ideas to style your t-shirt.
2. A Blazer to the Rescue
If you are going for a semi-formal event, a plain t-shirt might look too casual. Put on a pair of shorts or jeans along with the t-shirt and dress it up with a blazer and you instantly look dressed up to go to a casual work meeting, out with friends, family lunches, coffee dates, drinks and so on. Depending on your personality, age and preferences, the t-shirt can be plain or snazzy and contrast it with the blazer of choice. This look can be achieved with a bomber jacket or a plaid tweed jacket with elbow patches as well.
3. Pair it with a Bustier
If you are looking for a fitted and bolder look, pair it up with a bustier. A laced up bustier over a t-shirt along with heels, matching jewellery, and a statement bag will give you a sexy and dressy look which you can wear anywhere socially. Be it for clubbing, bar nights, shopping excursions or even to lunch, you will look catchy and trendy in this attire.
4. Dress to Impress
A cute way to wear a t-shirt is as a dress. T-shirts with longer lengths are perfect for this look and very easy to achieve. Just put on the t-shirt, pair it with sneakers, and you're good to go. To give it a dressier look with a firmer fit, wear a belt on your waist. Throw on some hoops in your ears and create this fun look within as little as 5 minutes.
5. Night Night
It is a known fact that t-shirts are the most comfortable clothing item for women. You can wear it as a nightdress and also adorn it at a pajama party. For this, you can buy a size larger than usual and just throw it on. Wear it all day all night and binge-watch your shows like a couch potato over the weekends for a lazy day. If you have people coming over, wear a pair of elastic shorts underneath.
In addition to the ones mentioned above, you can always wear a fitted t-shirt with jeans and practically pull it off anywhere. Tie-ups at the stomach can make it a crop top, while keeping it loose and flowy can give you a more casual style. So no matter what plan comes up at the last minute, your good ole t-shirt will always be a huge help in getting dressed up and heading out without you having to spend hours hunting for an appropriate outfit.
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megahabibshareef-blog · 3 years ago
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#WestsideOnline: #Westside #Clothing & #Accessories #OnlyOn #TataCliq
Buy branded clothing, dresses, kurtis, tops, footwear, bags, jeans, shirts & home products from Westside for men, women & kids online only on Tata CLi
https://www.tatacliq.com/westside/c-mbh11a00004
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megahabibshareef-blog · 3 years ago
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PGIM Global Select Real Estate Securities Fund
Global Select Real Estate Securities Fund of Fund, for investors who want to invest in Real Estate as an asset class, without undertaking the worries associated with traditional investment options. To know more, visit our site.
https://www.pgimindiamf.com/global-select-real-estate-securities-fund-of-fund
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megahabibshareef-blog · 3 years ago
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Reasons Why You Should Invest Early
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Most of us are hesitant to invest in mutual funds due to a variety of misconceptions. Some of the most common ones are as follows:
We believe we do not have the finances to invest in mutual funds
We feel it is not safe due to market volatility
We claim we are not ready
We claim we do not have the necessary knowledge
However, we fail to realise that the longer we put off making investments in top mutual funds, the more money we lose. This is because an unseen foe, inflation, robs us of our money while it is still in our possession. Although we are familiar with the term mutual fund, we frequently overlook it, either due to poor financial planning or by failing to plan at all.
Let’s look at some of the reasons why investing in mutual funds early can be both profitable and liberating:
Transforms your modest investments into colossal profits
A longer investing horizon eliminates the need to set aside substantial sums of money to invest. You can easily invest a small amount each month if you start early. This will build into a considerable sum by the time you retire.
Consider the following scenario:
Let’s say you want to buy an automobile in eight years and you want to spend Rs 21 lakhs on it. You decide to invest in mutual funds to make your ambition a reality. Although top mutual fund returns are not guaranteed, they typically average around 12% over time. You would need to invest Rs 16,000 every month for eight years to save Rs 21 lakhs. In this situation, your investment would be Rs. 13 lakhs.
If you start investing in mutual funds in two years, you’ll need to put aside Rs 26,000 per month for the next six years. In the second situation, your total investment would be Rs 16 lakhs. The example above clearly shows how investing early can reduce-
The monthly investment amount
The total investment amount
You reap the benefits of compounding
Compounding returns on your investment are possible if you invest for an extended period.
To exemplify this principle, let’s look at another example.
You want to save Rs 4 crores for your retirement. In the first scenario, you begin investing in a mutual fund when you are 26 years old. And you’ll need to save Rs 6,000 per month till you reach the age of 61 to do this. You’ll put in a total of Rs 25.2 lakhs over the next 35 years. In the second scenario, you postpone the objective by 16 years and begin saving for retirement at 41 years old. The target amount, Rs 4 crore, remains unaffected. Due to the delay, your monthly investments would now be Rs 40,000, with a total investment value of Rs 96 lakhs.
If you delay your investment in mutual funds by 15 years, your monthly investment will increase by more than six times, and your overall investment will increase by four times. This is how compounding works over time.
Final Verdict
So, if you haven’t already, start planning your investment strategy. Begin small, keep things simple, and pick up new skills as you go. Keep in mind that accumulating wealth is a long-term endeavour with no fast cures. And the most valuable benefit you have as a young earner is – time!
So what are you waiting for? Visit PGIM India to reap the benefits of their multi-managerial strategies and mutual funds asset management.
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megahabibshareef-blog · 4 years ago
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Top 5 Tips On Shopping For Bed Sheets Online
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You spend a third of your day within your bedsheets. Good bedsheets can be comfortable, but great bedsheets further add elegance, aesthetic décor and uplift the vibe and definition of your room. It is necessary that you wisely invest in bedsheets that last long and feel great.
You may feel skeptical about buying bed sheets online, but here are some tricks and techniques to help you choose the most appropriate bedroom interiors to make your space cozier and more relaxing
1. Select the correct pattern, color, and size.
You need to deliberately consider the correct pattern and design for your bed linen. You can go bold in patterns and designs if you have subtle décor in your room, or you could stay quiet in selecting bed sheets online if you have a printed wallpaper.
Never make assumptions while choosing the right size of your bedsheets; always measure before making your purchase. Also, leave room for shrinkage, which is quite common after laundering. Usually, people opt for bed linen which is suitable for a 15-inch mattress
2. Select the suitable fabric and the right weave.
The fabric and weave of your double bed sheets online should majorly depend on the breathability and seasonality factor. Buy bed linens that are comfortable, chemical-free, suitable to all skin types, and can work all year.
Similarly, it would be best if you were well-aware of the weave as it makes a lot of difference in comfort. For example, lightweight and tightly woven bedsheets result in crisp, cool bedding, while dense weaves make the linen extra soft, water & wrinkle-resistant. Some other weaves could be flannel, percale, or lustrous sateen, perfect for cooler climates and super-soft.
You can choose from the many fabrics that are available like:
Cotton: You could choose from 100% Egyptian (extra-long-staple fibers/ most expensive and most durable), Pima or Supima cotton (medium-to-extra-long staple fibers and a little more affordable), and Hygro Cotton.
Linen: Ideal for hot climates, soft and durable
Poly-blend sheets: Easy to wash and wrinkle-resistant.
Flannel: Great material for winters
Tencel: Made of eucalyptus tree wood pulp and is highly durable and naturally antimicrobial.
Silk: One of the most beautiful, naturally hypoallergenic, durable, and luxurious bed linens.
Polyester and Blends: Inexpensive, stain-resistant, and durable
3. Learn all about the Thread Count.
Thread count is necessary to assess the thickness and durability of your double bed sheets online. Opt for bed linen with a thread count of 140 and above, whereas one with a 300 to 500 can also be bought for softness and strength. Technically, GSM or the grams per square meter measurement is the actual weight of the fabric woven into per meter of your bedsheets. The higher the GSM, the more comfortable your bed linen will be.
4. Check For The Return Policy.
Even if you are buying bed sheets online, it is paramount to double-check the returning policy, so you are not to be stuck with a lousy bedsheet. Buying double bed sheets online can be tricky, and you will only know the specifications once you try sleeping on them. A reliable bedsheet vendor comes with a reliable return policy, so make sure you check for one.
5. Wash Carefully.
Always check the washing instructions before you purchase bed sheets online. Avoid buying ‘dry-clean only’ as it can get expensive for you. Instead, go for bed linen that won’t require much care while washing and adds conveniences to its handling. Look for wash care instructions like if you need to tumble dry your linen at low heat or wash your colored bed sheets separately.
Conclusion
To grab people's attention and make your double bed sheets online shopping a wonderful experience, you must follow the above tips. However, rather than hunting the stores for perfect bed linen, you can order double bed sheets online, sitting in the peaceful comfort of your cozy abode.
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megahabibshareef-blog · 4 years ago
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Why We Cannot Do Without Our Cotton Towels
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Selecting the right kind of towel should be as important as choosing the right kind of clothes. The benchmarks set by most people when selecting clothes should also be considered before buying towels. Now, the first thing that a person would check before purchasing clothes is the material. The content of the product is the primary concern. It is the same in the case of towels. The material of your towel is of the utmost importance.
The importance of a towel can be understood by asking yourself a few simple questions. Do you use your towel to wipe your face? Do you use it right after a shower to wrap yourself in? Considering the answer to these questions is “yes”, it should be noted that selecting the right towel is an important decision.
Now, let us talk about cotton towels. It is a given that we cannot mostly do without them! They are reportedly the most suitable for every skin type. The primary function of towels is to soak up moisture and dry quickly.
Cotton towels are highly recommended for this very reason. They are ideal for the absorption and drying of moisture quickly and efficiently. Let's discuss further how cotton towels are the favoured choice.
Strikingly absorbent.
The most essential function of towels is to absorb water. This is the primary purpose of towels. Cotton towels are said to be the best at absorbing moisture. This is proved by making a comparison between these towels and towels made of other materials such as bamboo, microfiber, polyester, etc. The strong absorbency is what makes them a preferred choice.
Naturally
Cotton is a remarkably soft and gentle fabric. It has an elegant touch as well as a luxurious feel. Towels made of harsh and rugged materials are not appreciated by anyone. Towels should offer a warm and mushy feel that soothes the person using them. Hence, these towels make for the best options.
Highly durable.
Sometimes, it so happens that you buy a towel because it feels soft and fuzzy but only after a few washes do you realize that there is a significant difference in the quality of the material. However, this is not something that you will need to worry about if you purchase cotton towels. Cotton is a durable product and the best option in terms of endurance.
More economical.
Cotton towels are highly cost-effective since they are generally priced at reasonable rates. Towels are an everyday essential and investing in the right kind of towel makes utmost sense. However, towels made of luxurious materials such as Turkish cotton, or Egyptian silk can have exorbitant prices. Moreover, towels need to be replaced at periodic intervals and thus splurging on such an item seems redundant. This is where cotton magnificently fills up the demand gap.
Approved by skincare professionals.
Some people may have delicate skin that gets distressed by the touch of certain rough fabrics like polyester. Some people may even be allergic to these fabrics. However, the solution to this problem seems to be 100% cotton towels. These are smoother and more breathable and thus function as a preferred choice for all skin types.
Density, drying ability, and weight are some additional aspects that should be evaluated before purchasing a towel. It should be noted that these requirements are all appropriately met by cotton towels. The material and quality of towels are things that should never be compromised on. Core take-away? We really cannot do without our cotton towels!
Also Read:
Towel Buying Guide – How To Check The Quality Of Cotton Towels
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megahabibshareef-blog · 4 years ago
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Guaranteed Savings Plan: All You Need to Know
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In today's uncertain world people are worried about their jobs, health, and the financial security of their families. Many people are concerned about losing their employment or being involved in an unfortunate incident that could put their families at financial risks. In the absence of social security, there is a growing public awareness of insurance products and their benefits. Companies have also used the welcome development to introduce new products that are tailored to the needs of policyholders. As a result, the insurance industry is expected to grow at a CAGR of 5.3% from 2019 to 2023.
Companies have provided various types of insurance products to buyers based on their risk profiles. The guaranteed savings plan is one such financial product that is suitable for risk-averse customers. Read on before you start searching online for the best savings plan in India.
What is a Guaranteed Savings Plan?
The guaranteed return plan is designed specifically for risk-averse investors. In addition to life insurance, it offers policyholders maturity and regular guaranteed pay-outs. The plan plays an important role in providing financial security through regular income. The income is calculated as a percentage of the sum assured as agreed upon by the insurer and the insured. The money is distributed in annual, semi-annual, quarterly, or monthly instalments.
The traditional savings plan assists in protecting life goals from unforeseen events by providing a guaranteed lump sum at maturity and creating a corpus.
Eligibility
These plans are better suited for people in the age bracket of 18-60 years with policy tenure extending from 10 to 30 years.
Features
It is a variant of insurance products offering regular income for a specified tenure ranging from 10 to 30 years.
It offers a reversionary bonus in addition to a terminal bonus at the maturity time.
Maturity and death benefit available to the insured.
Offers tax exemption.
What is the Maturity Benefit and Death Benefit in a Guaranteed Savings Plan?
Maturity Benefits
At the end of the guaranteed savings plan, the policyholder is entitled to a lump-sum pay-out. The maturity benefits are calculated as the sum of the guaranteed maturity benefits and the accrued guaranteed additions.
Maturity benefits
Guaranteed Maturity Benefits + Accrued Guaranteed Additions
Here, the guaranteed maturity benefits are set at the inception of the policy and depend on various factors including:
Age
Gender
Premium payment term
Policy term
Similarly, guaranteed additions = Fixed guaranteed addition rate multiplied by Sum of all premium payments.
Death Benefits
In the event of the policyholder's untimely death, the nominees receive the lump-sum amount specified in the policy.
The sum assured is the highest of:
105 per cent of all premiums paid as on the date of death
Sum assured on death of the policyholder (ten times annual premium) plus accrued guaranteed additions.
A sum equal to ten times the value of the policyholder's annual base premium.
Sum assured on maturity
What are the Benefits of a Guaranteed Savings Plan?
The best savings plan in India offers several benefits to policyholders including:
Maturity Benefit
The policyholder receives both the terminal bonus and the reversionary bonus at maturity.
Death Benefit
In the event of the policyholder's death, the nominee receives the sum assured as well as the terminal and reversionary bonuses.
Tax Benefit
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Riders
You can also get additional benefits like accidental death cover.
To secure the financial stability of the family, buying a guaranteed savings plan is a prudent decision. It not only provides life coverage but also offers financial security.
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megahabibshareef-blog · 4 years ago
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