UNDERSTANDING THIRD PARTY LIABILITY COVERAGE
Why might an insurance company deny your claim during the monsoon?Sandeep Saraf answers
A comprehensive policy does not guarantee that all flood-related damages will be covered. Multiple types of damages can occur during a flood, such as engine damage, electrical damage, interior damage due to water seepage, or gearbox damage. A normal comprehensive package covers these to some extent, but not 100%. We recommend a few add-ons for every customer purchasing a car insurance policy.
How to select the right motor insurance cover: 8 points to consider
Evaluate your coverage needs based on the type of vehicle and its usage. Determine whether you require basic third-party liability coverage or comprehensive coverage that includes protection against own damage, theft and natural calamities.
Attack on opposition, Hindutva form key elements of Western media's Lok Sabha coverage
India's Lok Sabha polls scrutinized by Western media for PM Modi's Hindutva ideology, Muslim discrimination, opposition suppression, and concerns over democratic election integrity amid predictions of BJP victory and Congress decline.
Understanding liability in vehicle insurance: What car and bike owners should know
Choosing the right vehicle insurance in India involves understanding liability coverage, comprehensive plans, and exclusions. ACKO provides tailored coverage, add-ons, and competitive pricing for comprehensive protection and peace of mind.
Taking, understanding, managing and risks becoming reality are 4 different things: Check 5 things before making a decision to buy or sell
On a day when 99 of the 100 stocks in the small cap index are trading with big cuts. All sectoral indices are trading with big cuts, market breadth is extremely poor, there are many reasons which are and will be put on the table to explain why the fall has taken place. There is a high probability one of the explanations which would be put on the table today is the stress test of small and midcap schemes and how flows to them could be impacted. But should the result matter to you ? No if you are not holding any small fund scheme. Instead of bothering about what will come out over the weekend, just focus on two things, especially those who have turned bulls in the last few months. First nifty or for that matter any indices has nothing to do with your portfolio, so stop comparing it. Second, do a review of your portfolio and ask yourself one simple question: why did I buy this particular stock? Was it friendly neighborhood advice or was it because there was something positive happening in the company or the industry in which this stock belongs ? The answer to this question is the key whether one should stay invested or sell the stock.
Taking, understanding and managing risks are three different things: 5 smallcap stocks from different sectors
It is day like today when all the indices are trading in red and the leading the fall are mid and small-cap indices, and market breadth is extremely that a large number of investor look at their phones to check how is their portfolio doing, In all probability a large majority finds the decline in their portfolio is more than what Nifty has suffered and that where the doubt and question come to mind. Now two things, especially for those who have turned bulls in the last few months. First nifty or for that matter any indices have nothing to do with your portfolio, so stop comparing them. Second, do a review of your portfolio and ask yourself one simple question: why did I buy this particular stock? Was it friendly neighborhood advice or was it because there was something positive happening in the company or the industry in which this stock belongs? The answer to this question is the key to whether one should stay invested or sell the stock.
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Taking risk and understanding risks are two different things: 5 smallcap stocks from different sectors
Risks are higher, but desire to own them is at the highest. This probably explains the current state of relationship between the small cap segment of the market and investors. One of the reasons for it could be the recent performance of small caps and the kind of return they have delivered in the last eight months. This has brought them in the category of stocks where the desire to own them is “highest”. But the fact which gets ignored in such conditions is that “risks” are also higher. Especially the market liquidity risk and the risk of corporate governance being thrown out of the window. There are many risks which are being ignored and largely because of one reason, the narrative and price action on the street. So, while you take risks, understand the risk and try to manage the risk.
Understanding and managing risks is key: 5 smallcap stocks with upside potential of up to 33%
In the stock markets, knowing risk and managing the risks are two different things. Managing the risk is more complicated than it appears as it involves more hard work and at times going against the narrative prevailing on the street. At this point of time, valuations in the small cap segment of the market are extremely high is the risk. How many are thinking of managing it ? Now there are two ways to manage this risk. First keep your exposure low in this segment. Second, if one is still looking for an increase in exposure to small caps then put more checks and balances before buying the stock. Look at some key financial ratios and also do some hard work by reading annual reports before buying any stock. How will this hard work help in managing the risk? Higher probability of lower drawn down in a corrective phase. Yes, only higher probability. ET screener powered by Refinitiv’s Stock Report Plus applies different algorithms & filters to all BSE and NSE stocks, and lists stocks which fulfill the various criteria as specified into the algorithms & filters to find those which might help navigate the stock market.
Unveiling Underinsurance: Not just portfolio but insurance coverage matters in house, motor and health
We are not wired to see risks, which makes us undermine various risks we are exposed to. So, people often think that if I don’t raise a claim at some point in time, then what is the use of insurance?
Budget 2024: Freebies or welfare schemes, what can the Modi government opt for?
Ahead of Union Budget 2024, we discuss the upcoming interim Budget in India and the debate surrounding welfare schemes and freebies. Prime Minister Narendra Modi opposes schemes from opposition-ruled state governments that offer cash or incentives, calling them 'revdis'. The Indian government is likely to extend social security to domestic workers and increase funds transferred under the PM Kisan scheme. The lack of a clear definition adds fuel to the debate.
Forget ‘live’ election result coverage – here’s slicing-dicing data of an electorate of one
Wall-to-wall poll results coverage has political research organisations like C-Voter, Today's Chanakya, Jan Ki Baat and Matrize to frack all kinds of numbers pertaining to voting patterns, geographic tracking, demographic dynamiting and all that. To understand the mood of me, an electorate of one, I turned to Spotify, the audio streaming app where I do much, but not all, of my music listening. And for my psonic-psephological purpose, there was 'Spotify Wrapped 2023', which threw up trends and figures of my listening patterns of the last 11 months.
Discover the right insurance coverage through a calculated & scientific approach
Holding sufficient insurance coverage is always a crucial financial decision. The Covid pandemic emphasized its importance even further. However, the Economic Survey 2022-23 has raised a red flag associated with the customer’s preference for an investment-linked life insurance cover. It further highlighted that most life covers that are being sold have a small protection component and therefore carry a significant financial gap. So, that raises one question, “How much life insurance coverage will be adequate that provide financial support to your family in the event of the unexpected?”
Why MSMEs are reluctant to get insurance coverage despite the advantages
While insurance is key for MSMEs to increase their export competitiveness, companies also need to increase awareness about their products among small businesses.
Election observer: How ADR has been fighting to reduce criminality and corruption in polls
It is hard for me to think of an organisation that has had more impact in Indian politics over the past quarter-century than ADR. It now has partners in every state and technology has made data-gathering and analysis easier than in the early years and its reports have become a critical part in the run-up to and aftermath of elections, state and national.
These car insurance add-ons worth Rs 6,500 can save you from paying Rs 3.5 lakh for rain damages
Car insurance add-ons: Some of the must-have add-on covers during monsoon season are — engine protection cover, zero depreciation cover, 24x7 roadside assistance, return to invoice and consumable covers. Before you buy add-on covers, you must take a look at how much they cost and how much you will save during monsoon. Read on
Average health insurance claims in India Rs 42,000; 15 per cent exceed Rs 1 lakh: Report
A report states that the average cost of health insurance claims in India is Rs 42,000, with 15% of claims exceeding Rs 1 lakh. The report highlights the need for policyholders and insurance providers to consider high-cost scenarios when designing coverage options. It also reveals that the typical hospitalization period is two days, but more than 21% of hospitalizations extend beyond three days.
Proposed third-party motor insurance premiums for FY 2023-24
The ministry announced the proposed rates via a notification on the E-Gazette website on June 14, 2023. There has been no change proposed in the premium rates for third-party motor insurance for FY2023-24.
Alternative Investment Funds: Understand the nuances, before they become mainstream
Alternative Investment Funds (AIFs), based on the objective of optimising returns of sophisticated investors, has carved a niche as a distinct asset class. A well diversified portfolio, greater flexibility and low correlation with the stock & bond markets help reduce volatility and provide an attractive alternative investment option to look at. However, due to complex investing strategies, higher fee structure, illiquidity and lack of information; there is still a long way to go for it. Sebi is trying to level the playing field with its latest ruling on AIFs by providing a direct plan option to investors.
These largecaps have ‘Strong Buy’ & ‘Buy’ recos and upside potential of more than 25%
In every market condition, there are stocks on which analysts are bullish. When markets are volatile with a bearish bias, it is worth looking at stocks which are finding favor with analysts. We take a look at large caps stocks which a collection of analysts are bullish on. ET screener powered by Refinitiv’s Stock Report Plus lists down quality stocks with high upside potential over the next 12 months, having an average recommendation rating of “buy” or "strong buy". The screener applies different algorithms for all BSE and NSE stocks. This predefined screener is only available to ET Prime users.
Largecap stocks with ‘Strong Buy’ and ‘Buy’ recos and upside potential of more than 25%
In otherwise volatile markets, bulls are once again making an attempt to come back. There are few large cap stocks which are finding favor with analysts. After the recent correction, even the most well known name from many sectors has made it to the list as the upside potential in them comes close to algorithm fixed minimum target price. ET screener powered by Refinitiv’s Stock Report Plus lists down quality stocks with high upside potential over the next 12 months, having an average recommendation rating of “buy” or "strong buy". The screener applies different algorithms for all BSE and NSE stocks. This predefined screener is only available to ET Prime users.
Long-term Third-Party, Own Damage motor insurance cover proposed: Know proposed features, price, premium
In order to allow the policyholders a wider choice, IRDAI has proposed to permit all general Insurers to offer long-term motor insurance policies — a) 3-year in respect of private cars co-terminus with motor Third Party Liability cover, b)5-year in respect of two-wheelers co-terminus with motor Third Party Liability cover.
Wider choice: Irdai proposes 3 years insurance cover for cars & 5 years for two-wheelers
The draft proposes to permit all general insurers to offer 3-year insurance policy in respect of private cars and 5-year for two-wheelers, co-terminus with motor third party liability cover.
Latest third-party insurance premiums for cars, bikes as fixed by IRDAI
According to the Motor Vehicles Act of 1988, anyone who owns or operates a motor vehicle in India must have third-party insurance coverage.
Why do small businesses need insurance urgently?
Lack of awareness, coupled with thin margins, makes insurance a low priority, and business owners often neglect insurances the law does not mandate.
How to insure your pet: Product to choose, what is not covered, when to get
Pet insurance aims to provide financial security to the pet owner for the pet’s vet expenses, hospitalisation expenses, etc.
10 ways to reduce car insurance premium
You can bring down the premium of your comprehensive insurance not only by customising your cover, but also by being aware of several other factors. Here are some ways in which you can bring down your car insurance premium.
New vehicle owners will have to buy these insurance covers as long-term motor policy will go from Aug 1
Customers buying new vehicles will likely have to mandatorily buy a 3- or 5-year long-term 3rd-party motor insurance for cars and two-wheelers, respectively. They also have the option to buy a standalone annual OD policy separately from any insurer.
Should vehicle drivers or owners pay for third-party compensation in accidents?
Insurers want vehicle owners or drivers to pay stiffer fines or buy additional third-party covers. Can making them pay a part of the compensation be a solution?
New motor rules hike insurance cost of a new car substantially
Irdai has increased the compulsory personal accident cover for owner driver under motor insurance policies from Rs 2 lakh to Rs 15 lakh.
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