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Reasons Your Car Insurance Claims May Be Denied

Reasons Your Car Insurance Claims May Be Denied
by Divya Nair 01/02/2017

Auto insurance companies deny claims or reduce payment values in case of frauds or when insureds furnish any wrong information. A lot of people make such mistakes by being unaware of the grave consequences when the need arises. In such a situation, filing claims and receiving financial benefits could be a difficult task.

Some of the common reasons that may lead to rejection of your car insurance claims are:

Invalid License -

Either your license is fake, it has expired, or it is for a different vehicle category.

Wrong Usage Of Car -

You have a car insurance policy which states ‘for personal use’, but you use your car for commercial purposes. If you want to use the vehicle commercially, you should purchase a commercial car insurance policy.

Accident Under The Influence Of Alcohol -

An accident because of drink and drive offense (or any other intoxicant for that matter) may lead to rejection of insurance claims.

Failing To Intimate Insurer About A Theft/Accident Within Stipulated A Time -

In case of a theft or an accident, insureds are obliged to inform their insurance companies within 48-72 hours of the incident.

When Value Of Your Vehicle Depreciates -

Over time, the value of your vehicle depreciates. After few years, the value of your car tend to be lesser than the overall repair cost due to depreciation. In such a situation, your car insurance claim may be denied.

Policy Lapse -

Filing a claim for a lapsed policy would not help you in anyway and so it is necessary that you unfailingly pay your yearly premiums on or before the due date. Even if you are unbale to pay premiums on due dates, insurance companies provide a grace period to renew your insurance.

Conclusion -
Now that you know when your auto insurance claims may get rejected, why take the risk of getting less financial assistance or worst - not getting anything from your policy at all? Be honest and furnish every detail pertaining to the above factors to your insurer.

Buy a Car Insurance Cover Now!

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Things to Remember When Reviewing Your Financial Investments

Things to Remember When Reviewing Your Financial Investments
by Divya Nair 01/02/2017

A regular review of investment portfolio helps in monitoring if investors are meeting their financial goals as planned. It is, therefore critical that every investor maintains a discipline to check his/her savings or investments and make changes whenever the need arises. Convinced enough to revisit your investments? Consider these essential factors:

Set A Regular Review Date -

Setting a regular review date allows investors to conduct a regular check-up of their investments in a disciplined manner. A portfolio can be reviewed monthly, quarterly or in a yearly basis.

Maintain Your Investment Strategy -

Usually, people tend to get excited at any seem-to-be profitable opportunity/tip suggested by friends or peers and end up taking decisions completely opposite to their strategies. Investors should not get carried away with such suggestions and follow one strategy.

Consider Your Risk Profile -

Readjustments in an investment portfolio should always be in-line with the risk profile of investors. Sometimes an investment which looks as an opportunity can bring a lot of extra risk to the portfolio.

Look Beyond Buy At Low & Sell At High -

Rebalancing isn’t always about buying at low and selling at high. It also means identifying opportunities where investors may find a better stock or any other investment asset at a fair value.

Tax Implications Due To Rebalancing -

Tax implications should be taken into consideration while making any alteration in a portfolio. Many a times investors tweak their portfolios a lot for the sake of re-balancing. Missing this crucial aspect might lead to a heavy tax burden of 30% on profit (for stocks or equity mutual funds if holding period less than a year for).

Consult An Advisor -

Taking advice from an advisor or a professional is better if you are new to investments or find that the changes you need in your portfolio are complex to make.

Conclusion -

The phrase - Take care of your money and it will take care of you - holds true when it comes to reviewing investments. Monitoring our savings and investment portfolio helps us identify the poor-performing assets in it and make timely needed adjustments.

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When To Review Your Life Insurance

When To Review Your Life Insurance
by Divya Nair 01/02/2017

With changes in our life situations, our insurance needs also keep fluctuating. Purchasing an insurance policy once may not necessarily suffice the ever evolving insurance needs. Here comes the importance of reviewing your life insurance cover every time there is a major change in one’s life. Know what those changes are in the following points:

Newly Married -

You might have purchased an insurance policy earlier in life when you had no dependents. But once married, you start sharing your life with your spouse. If your spouse depends on your income, you need to review and explore ways of maximizing the insurance cover purchased earlier as that might be enough for both of you.

Became A Parent

After you become a parent, life insurance policy can help your family meet current and future expenses in case of an untoward event (in this case premature death). As your children would completely be dependent on you until they start earning, it becomes critical that you re-evaluate the cover amount.

When You Take On Higher Liabilities -

If you were to pass untimely, the repayment burden of the liabilities that you had taken earlier in life falls on your family.

Child’s Growing Years -

This phase of life brings increased responsibilities like your children’s’ education, their tuition fees etc. Re-adjustment in your insurance cover may help you determine the right amount, ensuring that your spouse is not burdened with such financial crisis in your absence.

Change of Career -

With change in career or job profile, your income levels change as well. A rise in your income levels up your and your family’s lifestyle. Once used to a lifestyle, your family may find it difficult to cut down their expenses when you are not around anymore.

When Retired -

If you are already retired, you may be able to discontinue your life insurance policies if you have a regular source of income in the form of your investments. If you are one of them who still have debts to repay but do not have a reliable income post-retirement, You should re-evaluate your policies to meet such expenses.

Conclusion -

Of course none of you wants to be underinsured even after purchasing a life insurance policy or paying for more than you actually need. The above factors hopefully may help you identify the major changes in life calling out for an appropriate review of your policies.

Get a Term Insurance Cover Now!

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5 Stocks Recommendation For Feb 25th, 2019 – Mar 1st , 2019

Stock recommendations
by Gautam Upadhaya 21/07/2017

1) Balkrishna Industries Ltd - Buy


Stock Balkrishna Industries Ltd
Recommendation The stock has witnessed a breakout from its sideways consolidation
backed by an uptick in volumes on the daily chart. It has also shown
positive momentum on the daily MACD-Histogram, an indication that
the uptrend will continue in the short term.
Buy/Sell Range Target Stop Loss
Buy (Cash) Rs850-855 Rs892 Rs827
NSE Code Market Cap (in Rs cr) 52-week high/low 200-Day EMA
BALKRISIND 16543 Rs1467/741 Rs987


2) REC Ltd - Buy


Stock REC Ltd
Recommendation The stock has witnessed a consolidation breakout backed by an uptick
in volumes on the weekly chart. Derivative data indicates fresh long
positions in the stock.
Buy/Sell Range Target Stop Loss
Buy (Cash) Rs131-133 Rs139 Rs127.8
NSE Code Market Cap (in Rs cr) 52-week high/low 200-Day EMA
RECLTD 26068 Rs148/89 Rs119


3) Mahindra & Mahindra Ltd - Buy


Stock Mahindra & Mahindra Ltd
Recommendation The stock has witnessed a rounding bottom formation and has managed
to close above its 10-DEMA, short-term resistance level on the daily charts.
It has also formed a bullish hammer candlestick on the weekly charts.
Buy/Sell Range Target Stop Loss
Buy (Cash) Rs641-647 Rs672 Rs625
NSE Code Market Cap (in Rs cr) 52-week high/low 200-Day EMA
M&M 80272 Rs992/615 Rs771


4) Raymond Ltd - Buy

Stock Raymond Ltd
Recommendation The stock has witnessed a breakout above its resistance levels backed by an uptick in volumes on the daily charts. It has also shown strong momentum on the daily MACD-Histogram.
Buy/Sell Range Target Stop Loss
Buy (Cash) Rs721-728 Rs755 Rs705
NSE Code Market Cap (in Rs cr) 52-week high/low 200-Day EMA
RAYMOND 4478 Rs1151/593 Rs806


5) HDFC Bank Ltd - Sell


Stock HDFC Bank Ltd
Recommendation The stock has formed a bearish engulfing candlestick pattern backed by an uptick in volumes on the daily chart. Derivative data indicates fresh short positions in the stock.
Buy/Sell Range Target Stop Loss
Sell (March Futures) Rs2105-2120 Rs2030 Rs2164
NSE Code Market Cap (in Rs cr) 52-week high/low 200-Day EMA
HDFCBANK 569029 Rs2219/1830 Rs2041


Research Disclaimer

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What Stocks/Shares (Equity) Are And How Do Shareholders Make Money?

how do Shareholders Make Money
by Priyanka Sharma 05/08/2017

Jargon is the biggest hurdle to every new investor, particularly when it comes to those who want to invest in stocks. For that reason, it's important that before someone starts focusing on losses and gains, or the BSE versus the NSE, it's important to understand what stocks really are and what they represent. You can't make any money until you grasp the fundamentals of the tools you're working with, after all. 

Put simply, stocks represent a share in a company. If someone goes online and buys a share of ONGC stock then that individual now has a stake in how well ONGC does. If the company does well, the investor does well. If the company does poorly, then the investor can lose money. How much one stands to gain or lose depends on how much stock that person has in the company, and how that particular company performs.

Let's use an example to make this a little bit clearer. Say that Company ABC wants to attract investors. As such it divides itself up into 5,00,000 shares of stock. For every person who buys stock, that money goes to the company so it can hire new employees, build new stores and generally attempt to get a bigger share of the market. Seen this way, it's clear that trading stock is great for the company. but how do you, the investor, make money?

Method 1: Make Money Trading Stocks
Trading stocks is the most well-known way to make money on the stock market. The price of a stock is liquid, climbing and falling within the space of days or even hours. The trick to make money as a trader is to buy the stock when its price is low, and to sell it when the price rises. So, say that a stock broker heard Reliance Industries is claiming a bigger part of the market and it's poised to rebound from a slump. He or she might buy stock at Rs.50 a share, and wait. If the stock goes up then the broker can sell it at a profit. So if the stock climbs to Rs.90 a share the broker has made a Rs. 40 per share profit. That's not terribly impressive for a single share, but if the broker purchased 100 shares, or 1,000 shares then that profit is going to go up pretty quickly.

It doesn't matter whether you hang onto a stock for an hour, a year or a decade; if you sell it for more than you paid for it you made a profit.

Method 2: Making Money With Stock Dividends
When someone is a stockholder in a company, that company's profits are also the stockholder's profits. The increasing value of a stock is just one instance of this. Another may be dividends paid to shareholders by the company. In plain English, that means that every quarter the company will take a segment of its profits, split it up and give those profits to stockholders according to how much stock someone has. The more profit the company makes, the more money the stockholder gets paid at the end of the quarter. The ideal situation for you to be in is to hold stock in a company that pays dividends, and which is making record profits. If you hold onto your shares then as long as the company is making money, you're making money. In essence you're being paid to own the stock, because when you bought it you paid for a share of the company. That share of the company comes with your own little piece of the profits pie.

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The ABC’s of Investing

ABC's of Investing
by Nutan Gupta 25/09/2017

The money that you earn is partly spent and the rest is saved for a rainy day. Savings refer to the funds that are kept aside in safe custody, such as a savings account. Instead of keeping this money idle, you can invest your savings in various financial instruments which will pay you a hefty return in the near future.

The question that arises now is how and where to invest this money. Potential investors can always take the help of a financial advisor and an investment advisor, both of who are capable of providing detailed knowledge on the subject on investment and investing money. Investors can start investing after fulfilling the following simple steps:

  1. Obtaining documents relating to Personal Identification Proof and Address Proof.
  2.  Approaching intermediaries like a broker, RM etc.
  3. Filling up the KYC form and furnishing the details required.
  4. Filling up of the broker-client agreement.
  5. Opening a DEMAT Account and linking it with a savings account.

As soon as these steps are completed, an investor can start investing in the financial market.

The investment options can be well classified into 2 parts. They are:

  1. Physical assets: It comprises of tangible items like real estate, commodity, goldand silver in the form of jewelry and even antiques. 
  2. Financial assets: It comprises of FDs with banks, small savings instruments with the post offices, provident fund, pension fund, money market instruments and capital market instruments.

The money market gives the scope of short term investment options. It deals with debt instruments such as bills of exchanges, commercial bills, treasury bills, certificate of deposits etc. These have relatively low risk and relatively low returns. However, they are one of the safest investment options, especially for those investors who want to play safe.

A capital market is an option for long term investment. The various instruments of capital market are shares of companies (equity), mutual fundsSIP investmentderivatives market, IPOS, etc. These have a higher risk and higher returns in comparison to the instruments of the money market. Although stock investing is considered to be more rewarding, the high risk factor associated with it can result in loss if there is a downswing in the activities of a company.

The investment strategies of an individual depend on certain factors, such as:

  1. The risk taking appetite of investor
  2. The time horizon of investment
  3. Expected return
  4. Need for investment

Investments make our fund grow over a period of time whereas savings is just idle cash. Our short term needs can be fulfilled with the help of our savings but for the achievement of our long term financial goals, investment is a must. This is only possible with financial planning.