briananthony's  Instablog

In India, car insurance is mandatory for all who owns a car. Here, it is illegal to drive without valid car insurance. Car insurance is all about protecting against financial losses arising out of vehicle usage. It is one of the most common types of general insurance products. While protecting you, car insurance also safeguards others that may be riding in your car.

In the instance of death or bodily injury to a third party or any damage to its car, a car insurance policy provides compensation of up to Rs 1 lakh. Such type of vehicle insurance is known as the third party insurance and it protects not only you but also other people or family members who may be riding / driving your car.

These are some important benefits of car insurance:

· Benefits to survivors when an accident results in death

· Covers lawsuits, including legal fees brought against you as the result of an accident

· Covers vehicle repairs bills due to damages

· Covers damage caused by other than an accident (theft, fire, etc)

· Additional discounts: These policies allow premium discounts for theft or for owning more than one policy with the same insurer.

· No Claim Bonus: If you do not make a claim during the policy period, a No Claim Bonus is offered on renewals provided you fulfill certain terms and conditions.

Interestingly, car insurance also serves as a good tax saving vehicle. A lot of people think that only health insurance come under the 80D save tax section. Motor insurance premium can save certain amount of your taxes too. It depends on the premium amount you pay. If your car has coverage against a lot of instances then the insurance premium would be high too, while filing your returns you can get some relief.

Tax benefits on car insurance include vehicle depreciation deduction, coverage against a lot of instances and so on. However, the only amount that is deductible is the percentage of the time the car is used for business purposes, medical purposes, moving & recollecting and charitable services.

There are different types of policies such as comprehensive policy, third party insurance, third party insurance plus theft. You can purchase any of the policies depending on what amount of coverage you want. Your insurance broker can help you choose the right policy that meets your needs and your budget. The premium amount that you will have to pay entirely depends on what you drive. If you drive a luxury sports car, then you can expect to pay a higher premium than someone driving a lower cost vehicle.

This is the fastest growing segment in the insurance sector in India over the past few years as car insurance is mandatory while buying a new car. This has resulted in major car manufacturers tying up with leading insurance companies to provide quick insurance to its customers.

Therefore, it becomes very important that you get best insurance rates for your car. With a range of suitable and affordable policies available, to have car insurance policy is as important as having any other insurance product for an individual. Car insurance acts like a great friend at the time of crisis. It covers the losses made in an accident and thus saves you from paying out the huge sum from your pocket.

The markets are currently emerging out of a bullish phase, hence it is the ideal time to enter in systematic manner towards investments, and the trend amongst Indians indicate that investing in gold has been their favorite right from ancient times. For a majority of Indians the traditional method of investments has always comprised of investing in gold and silver.

Investment especially in the yellow metal has always remained strong all through the years, I mean even during recessionary times the value of gold still remained constant as it was purchased for personal consumption. Now with gold and silver being traded in stock market through the commodities exchange it has only made both gold and silver even more precious than before.

Today more than ever before there are multiple ways and manners of gold investment. Let's examine the most prevailing ones. Physical Investment (Gold Jewelry, Coins, and Bars): When one talks about physical investment of gold, the most common and popular method of investment is through jewelry, investments in gold for jewelry has a few advantages and disadvantages. The biggest advantage being that gold jewelry is an integral part of Indian customs, and personal use so here the investment is also consumed for family activities. This is the most common and popular form of investment and is traditional done in almost all Indian households. However gold jewelry has its own disadvantages namely that of risk of theft, fraud and purity of jewelry which investors should keep that in mind while investing in the same. After gold jewelry there are investments in gold bars and coins which are more practical from an investment perspective compared to gold jewelry.

When the Commodities market opened up, amongst the most hotly traded commodities was gold, and today there are numerous ways in which one can invest in this metal which is being traded in the commodities market. Gold ETF and e-series methods of investments have really picked up in India, especially during the festive seasons of Navratri and Diwali.

Today the investor has more choices than ever before as he has the option of investing in physical gold as well as investing in exchange traded commodity products. Gold still has a long way to go, as the commodity markets have only recently opened up in India, in the coming years the value of this metal will only shine better.

Disclaimer:

1. Views as are mentioned in the article are personal views of Author and nothing to link with Co., its Director and Employees.

2. All investments are subject to market risk and you need to consult your financial advisor/consultant before investment.

For most of the investors who are feeling the current market crisis, the last thing they would want to do is indulge in trading of stocks owned by them. So the question comes what to do with the idle stocks they are having, well I am of the belief that such investors should utilize the Securities lending and borrowing schemes created by NSE and should safely lend their stocks that are in the futures and options segment. From a positive perspective this gives them a good opportunity to earn money without getting into the nitty-gritties of trading themselves.

I am sure this would have got you interested into knowing more about Securities Lending & Borrowing Schemes (SLBS). It was started by the NSE in April 2008 however received very dismal response due to the due lack of awareness and bottlenecks in implementation for the Indian investors.

In SLB Segment borrowers use the stocks for a variety of reasons like short selling or meeting any particular short falls in trades. In practice this is done by borrowing the stock through the clearing corporation of the exchange which has to be a registered intermediary. This can be done by retail as well as Institutional investors. Lending via SLB is entirely safe since counter party risk is handled by NSCCL. Also, stocks are "transferred" to borrower; however lender is entitled to all corporate actions expected from the given stock.

SLBS is a really good option especially for lenders who are having idle stocks with them, with proper planning and guidance this scheme can used very well for investors who would be having idle F&O stocks. They can lend through the SLB scheme to willing traders and earn good money.

Disclaimer:

1. Views as are mentioned in the article are personal views of Author and nothing to link with Co., its Director and Employees.

2. All investments are subject to market risk and you need to consult your financial advisor/consultant before investment.