21 October 2012
Stay informed about third party claims :: Business Line
Third party motor insurance is a liability insurance which compensates the insured for any damages made to a third party’s asset, health or life.
Anuj was walking down the street to run a few errands. Unaware of a car coming from the wrong direction on a one-way street, he was hit. He was taken to the nearest hospital by the car driver, but he had to bear the cost of the treatment. Anuj decided to file a case against the car driver. But is there a remedy by which he could claim the amount spent on his treatment?
Well, Anuj is eligible for compensation from the car driver on account of negligence. The car owner is eligible for cover from an insurer in the form of a third party claim, provided that the car owner has a valid motor insurance policy. This forms the basis of a third party cover which is mandatory according to the Motor Vehicles Act.
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Liquid Fund alternative to Savings Account :: Business Line
There is no harm in maximising returns, keeping safety and liquidity intact.
The idea of keeping one’s emergency fund somewhere other than a savings account may not strike many, but it is an option worth exploring.
A portion of our surplus money is often kept in a savings account to meet emergency expenses. While building an emergency fund remains core to one’s financial planning, there exist different opinions to safeguard this money.
Undoubtedly, liquidity and safety are more important factors for emergency funds, but there is no harm in maximising returns, keeping safety and liquidity intact.
In this respect, one can explore liquid mutual funds which offer the combination of safety, liquidity, along with better returns than the savings bank account.
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How to use systematic plans :: Business Line
Read any investment advice in mutual funds and a casual SIP, SWP or an STP pops up. These are tools for investing in mutual funds that help you phase-out your purchases and earn better return. Here’s how you can use them.
FRESH AND REGULAR
SIP expands into Systematic Investment Plan. It is rather like a recurring deposit – a certain amount is debited at regular intervals from your bank account and used to buy units in a fund. An SIP can be either monthly or quarterly. The amount to be invested each month (or quarter), and how long you continue the plan is up to you.
So when does an SIP make sense? First, if you’re irregular in your savings – an SIP makes sure that you compulsorily save some money every month.
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Index Outlook: Grey sky over D-street :: Business Line
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Safeguards needed to prevent another flash crash :: Business Line
‘As volatile as the stock market’ is a phrase in the English language; therefore, big fluctuations in the stock market are not treated as abnormal events. Major stock market crashes, however, are rare and invite a lot of attention and scrutiny since the consequences of such crashes can be far reaching. The Great Depression of the 1930s was preceded by a huge stock market crash. In recent times, the global stock market meltdown of 2008 led to the recession of 2009.
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