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Secure your wife’s future with the MWP Act Insurance

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Secure your wife’s future with the MWP Act Insurance

Admin Jun 24, 2022

Everything in the modern world has an associated cost. Housewives may not make any money from household chores. However, the value they bring to the family is enormous. In fact, some husbands give their entire monthly salary to their wives to cover all house-related expenses. In addition, the amount of work a housewife does is priceless. A homemaker would be left with some money after all expenses. Because of the presence of inflation, all those with some savings must invest so that they will have enough money later when they need it.

Secondly, it is important to secure your wife’s future financially. We believe that purchasing a term insurance policy will protect our family, particularly your wife and children, in the event of an unforeseen event. Simply purchasing a life insurance policy will not ensure that your loved ones receive the insurance amount in the event of your death. The money from your term life insurance claim may not reach your nominee or beneficiary.

In your absence, it could be taken by relatives or people to whom you owe money (creditors). By purchasing a term insurance policy under the MWP Act, you can ensure that the sum assured is passed on to your wife and children.

A term insurance policy under the Married Women’s Property Act 1874 (MWP Act) protects your family’s financial interests in your absence if you are a married male policyholder. Once a policy is obtained under the MWP Act, it cannot be attached by the courts for debt repayment*. In the event of your death, only your wife and children will be entitled to the sum assured.

What exactly is the MWP Act (Married Women’s Property Act of 1874)?

Section 6 of this act emphasises its importance: “a policy of insurance effected by any married man on his own life and expressed on the face of it to be for the benefit of his wife, or of his wife and children, or any of them, shall ensure and be deemed to be a trust for the benefit of his wife, or of his wife and children, or any of them, and shall not be subject to the control of the trust so long as any object of the trust remains.”

Who is eligible for MWPA insurance? (Married Women Property Act)?

If you are a married man living in India, you can apply for an insurance policy through the MWPA. If you are a widower or divorcee, you can also purchase the policy and name your children as beneficiaries. However, the benefit is only available when you purchase the policy, and only if you do so in your own name.

Who should use the MWP Act?

  • Individuals and businesses who have loans or liabilities.
  • People who want to protect their wife/child(ren) from creditors or relatives with potentially fraudulent intentions.
  • The benefit amount for term life insurance can be substantial enough to financially protect your loved ones in your absence. As a result, everyone who buys term life insurance should choose to protect their loved ones under the MWP Act.

Who can you name as beneficiaries?

The beneficiaries of a policy covered by the MWPA can be your wife alone, your child or children alone, or your wife and children together. As a policyholder, you have the option of allocating specific percentages of the sum assured to each beneficiary or dividing it equally. However, once the policy is issued, the beneficiaries cannot be changed. So, if you name your wife as the beneficiary, even if you and your wife divorce, your beneficiary (wife) will remain the same.

What else does the MWPA accomplish?

As a policyholder, you are not permitted to borrow against MWPA-endorsed policies. If you surrender a cash-value policy, the proceeds will be distributed to the beneficiaries. Furthermore, if you survive the policy term, the maturity proceeds will be paid to your beneficiaries.

How do I obtain a MWPA insurance policy?

It is very simple to get an insurance plan endorsed under the MWPA. All you have to do is include an addendum with your insurance application when you purchase the policy.

 

 

 

Choosing the right insurance in uncertain times

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Choosing the right insurance in uncertain times

Admin May 24, 2022

You can never exactly forecast the timing and amount of rain during the monsoons, no matter how hard you try. Likewise, your existence is full of unknowns. Things can go wrong in a variety of ways and at any time. As a result, you have tools like a savings account and a life insurance policy to protect yourself from such occurrences / unfortunes events.

Is it possible to survive without insurance?

You can survive without insurance if you want to, but you shouldn’t. Uncertainty and financial freedom risk will always be a part of your life. You will only get wet if a rain forecast is incorrect. However, if something goes wrong in your life, your way of life may be jeopardised.

A good life insurance policy with a critical illness benefit and a large death claim should be enough to keep you and your family afloat through difficult times. Having a savings policy in place could be beneficial at this time. The monthly income from your savings plan should be sufficient to cover all of your required expenses, such as your EMI and loan repayments.

There are four forms of financial planning in general you should consider for uncertain times:

 

  • Term plan
  • Pension plan
  • ULIP
  • Endowment plan

Term Plan

Term insurance is a form of life insurance policy that provides coverage for a specific “term” of the year in exchange for a predetermined payment. Term life insurance, as a pure protection plan, provides more insurance coverage for a low cost.

Term insurance plans provide financial protection for the entire family in the event of the policyholder’s absent. Optional coverage for critical illnesses and accidental death is also available. You’ll be insured for a long time, and the rates are reasonable.

The Benefits of Term Life Insurance

Family Dependency: If you are unable to work, the term insurance proceeds can be used to meet your dependents’ and family’s monthly expenses. It also aids you in achieving major life objectives such as your child’s education and marriage.

Asset Protection: You can borrow money for things like a car or a house with a term plan. However, if you die, your dependents and family members may be liable for debt repayment. In this case, your family may be able to use the term insurance payout to pay off the outstanding debts.

Risks associated with modern lifestyles: Today’s lifestyle difficulties frequently result in a wide range of ailments and diseases. Some term insurance plans give critical illness coverage for the remainder of your life, as well as coverage for your dependents and loved ones after you die. This critical characteristic compensates for the diagnosis of life-threatening conditions like heart attack or cancer.

Pension Plan

A pension plan, also known as a retirement plan, is a sort of investment plan that allows you to accumulate a portion of your resources over time in order to ensure a stable financial future. A pension plan can help you deal with the uncertainties of retirement and assure a regular stream of income. Even if a person has a sizable savings account, a pension plan is essential.

Importance of a Pension Plan

 

  • Increased retirement years
  • Health-care costs
  • Financial independence after retirement age

ULIP Insurance

A Unit Linked Insurance Plan (ULIP) is financial vehicle that also provides life insurance cover. ULIPs let you build money for goals such as your dream house, your child’s education, your retirement, and more through systematic investments and market-linked returns.

ULIP, or Unit Linked Insurance Plan, is a type of insurance that also serves as an investment. It provides superior life insurance with good returns while also assisting in tax reduction. In fact, in today’s economy, ULIPs have emerged as one of the greatest investment possibilities.

Ideally suited for:

 

  • ULIPs should be considered by people who have a long-term financial strategy for wealth creation with insurance.

 

  • Investing in a ULIP until it matures can help you save for retirement, your children’s education, and other financial goals. It combines the benefits of both savings and security into one plan.

 

  • Long-term financial planning, as ULIP offer both bond and stock investing with insurance. It has a regular premium payment option and accomplishes life insurance and wealth accumulation objectives.

 

Endowment Plans

An endowment plan is a type of life insurance that pays out a lump amount after a set period of time (called “maturity”) or upon death. Up to a particular age, typical maturities are ten, fifteen, twenty, thirty, thirty five, forty years.

In the event of a catastrophic illness, an endowment policy will pay out. Endowment policies are either standard with-profits or unit-linked, including those with unitised with-profits funds. The holder is subsequently paid up values and surrender value, which is set by the insurance company based on the period the policy and the amount paid into it.

Takeaway

Our lives do not stop because of a single wet day. As a result, a comprehensive financial strategy backed by the appropriate insurances can also help you endure obstacles in life. All short-term emergencies should be addressed in the financial plan. If you have a large enough umbrella to protect your entire family, the size and colour of the rain clouds don’t matter.

7 tips on maintaining a healthy credit score

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7 tips on maintaining a healthy credit score

Admin May 12, 2022

 

It is possible to live with bad credit, but it is not always simple or cost-effective. Having a good credit score can help you save money and make your financial life easier. Credit score is crucial in a lot of ways; hence, it is imperative to know how to:

  • Maintain a healthy credit score
  • Improvise a credit score

Check your credit report regularly

Loans are especially difficult to obtain for people who have no credit history. Even if the loan is approved, the interest rate will be hefty. As a result, having one credit line, such as a credit card, is a reasonable choice for maintaining a credit history.

Here’s why checking credit report regularly is important:

  • Examining your credit score and history might help you to better understand your current financial circumstances.
  • Checking your credit reports on a regular basis might help you become more aware of what lenders may observe.
  • Checking your credit reports can also help you find out if there is any information on your credit report that is incorrect or incomplete.

Availing at least one loan product

If you want to maintain a good credit score, you should take out at least one loan and make timely payments. Borrowing multiple loans at the same time indicates that you are credit-hungry, which lowers your credit score. Hence, to keep your credit score intact, you should opt for at least one loan.

Avoiding late payments

Paying in time is a good habit to get into so that your credit score doesn’t suffer. Also, avoid using your credit cards as much as possible to keep your debt to a minimum.

  • Payment history affects much of your credit score. It has the greatest impact on your credit score. To avoid harming your credit score, it is highly recommended that you pay credit card payments, loan EMIs, and other expenses on schedule.
  • According to a recent study, even a 30-day delay in bill payments can lower your credit score by 100 points. If you wait any longer, your score will decline even more.
  • Delays have a greater impact on your credit score and history if they occur frequently. For up to seven years, the delay is documented in your report.
  • Late payments not only hurt your credit score, but they also cost you money in the form of delay payment charges, higher interest rates, and other fees.

Managing a credit mix

Unsecured loans are commonly thought to be the leading cause of a poor credit score. As a result, use a combination of secured and unsecured credit.

What’s a credit mix?

Types of credit accounts you have are referred to as your credit mix.

  • Depending on the credit scoring methodology utilised, the influence of a credit mix on your credit ratings varies.
  • Lenders and creditors are often interested in how you handled various types of accounts over time.

Simply explained, your credit mix refers to the types of credit accounts you have, such as mortgages, loans, and credit cards. It’s a factor that’s usually taken into account when determining your credit scores, though the weight it receives varies based on the credit scoring model (methods for computing credit scores) employed.

Lenders and creditors, in general, prefer to see that you have a diversified credit mix – that means you’ve been able to appropriately manage several sorts of credit accounts over time.

Credit Utilisation Ratio

Keep an eye on your credit usage ratio as one of the golden principles to follow. It’s the amount of credit you’ve utilized in relation to the credit limit you have available. Experts recommend that you use no more than 30% of your credit limit at any given time.

For example, if your credit card limit is ₹2 lakhs, you should spend about ₹60,000. Your credit score may suffer if you have utilized more than 50% of your credit limit. Lenders will be in wary if you have a lot of credit exposure because it means you’re more likely to default.

Do not close old accounts

Closing old accounts or credit cards is never a good idea because that accounts reflect a long history of debt payments. Before you close any accounts, think about how many you have, how much they cost you, what you use them for, and how they might affect your credit score.

Although canceling an account may save you money in annual fees or lower the chance of fraud on those accounts, closing the wrong accounts can affect your credit score.

 

Avoid new hard inquiries

You permit the issuer or lender permission to examine your credit report to assess your “creditworthiness” when you apply for a credit card or any other sort of loan (mortgage, vehicle loan etc.).

In other words, your potential lender wants to know if you’ll be able to repay the money you borrowed or not. The better your credit history, the less danger you present, and the more likely you to get approval for that new credit card or loan.

It’s crucial to understand that there are two kinds of credit inquiries. Your FICO (The Fair Isaac Corporation) score is unaffected by soft inquiries such as examining your own credit report. Hard queries, such as applying for a new credit card or a loan, will have an impact on your credit score.

Take advantage of one free credit report every year

The Reserve Bank of India (RBI) has mandated that all credit bureaus in the country give consumers with one free credit report each calendar year since 2017.

The four credit bureaus currently operational in the country are listed below:

  • TransUnion CIBIL
  • Equifax
  • Experian Credit Information Company
  • High Mark Credit Information Service

This implies you have the option of obtaining four credit reports per year. You can also sign up to receive your credit reports, which include your credit score, from any of these bureaus.

 

Top 5 Benefits of Term Insurance

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Top 5 Benefits of Term Insurance

Admin Mar 17, 2022

Every hour, 53 accidents occur on Indian roadways, resulting in the loss of 17 lives. Similarly, every day in the country, 83 individuals drown. With such a high mortality rate, the country should be covered by a wide range of insurance policies. The truth is a little different. A large portion of the population lacks adequate insurance coverage. Low life insurance penetration could be due to complex products and costly premiums. Term insurance policies, on the other hand, can make life insurance affordable to a large number of people.

Term insurance protects your family financially if you are unable to provide for them. In today’s environment, term insurance policies are one of the most significant types of life insurance to obtain.

Term insurance not only protects your family financially in the event of a disaster, but it also saves you money on taxes. You can also take advantage of a number of other advantages that come with term plans.

Take a look at the following list of term insurance advantages.

  • Whole Life Cover

One of the most important term insurance benefits is whole life insurance, which provides total protection for policyholders up to the age of 99 and beyond. If the breadwinner dies, a term insurance policy could help reduce the financial strain on family members.

  • Easy to understand

When acquiring a life insurance policy, it is preferable to have a thorough understanding of the specific terms included in the term insurance policy. Another advantage of term insurance is that it is one of the most simple policies to comprehend. In addition, a term insurance policy is solely a life insurance policy with no investment component. The premium must be paid on time, and the insurance provides coverage for a set period of time with a variety of term insurance advantages.

  • High Sum Assured at an Affordable Premium

The most straightforward sort of life insurance is a term policy. The low cost of term insurance is its most enticing aspect. A term insurance policy, when compared to any other sort of insurance policy, has unquestionably low premiums. The most important rule to remember when buying a plan is to stick to it. The earlier you buy, the lower the premium. Similarly, getting a term insurance policy online is preferable to buying one offline because the rates are lower. Furthermore, checking term insurance benefits online is simpler and more convenient.

  • Critical Illness

Any significant illness can occur at any point in one’s life. Furthermore, the costs of care for severe ailments could quickly deplete the savings. Though life insurance is the most essential term insurance benefit, you can also acquire critical illness insurance, which is frequently included in additional rider options and allows you to avoid paying for medical expenses and depleting your assets. It is critical that you take advantage of this term insurance benefit since you never know what will happen tomorrow, even if you are currently well.

  • Return Of Premium Option

A maturity benefit is not provided by a term insurance policy. However, you can only get a maturity benefit if you choose the return of premium option, which requires you to pay hefty premiums that will be repaid to you once you have completed the policy period. However, the entire amount of premiums that will be reimbursed excludes taxes, rider premiums, any levies, and the modal sum that is paid on the premium. You may also use an online term insurance calculator to get an estimate of the cost with and without maturity benefits, which will help you make an informed decision and assess your needs.

Additional Benefits

Last but not least, the term insurance policy provides tax benefits under two different provisions of the Internal Revenue Code. You can get a tax break on the premium you pay for a term insurance policy if you use Section 80 C. The premium paid up to the maximum limit of Rs 1.5 lakh is exempt from tax. Furthermore, a maturity benefit granted by some term insurance plans, particularly the TROP (Term Return of Premium Plan), is tax-free under Section 10 (10D).

  • Section 80c – You can get a tax break on the premium you pay for the coverage. The premiums paid for term insurance are eligible for tax exemption under Section 80C of the Income Tax Act 1961, up to a maximum limit of Rs.1.5 lakhs.
  • Section 10 (10D) – Under section 10(10D) of the Income Tax Act 1961, the maturity benefit granted by some term insurance policies (particularly the Term Return of Premium Plan TROP) is also eligible for tax exemption.

Accidental Death Benefit

This rider benefit is particularly important because it deals with an unavoidable, irreversible misfortune – the death of the person. As a result, his or her family is left to deal with the sadness while also being under a lot of financial stress. Unexpected medical bills are a huge expense right now, and if it turns out to be fatal, the family will have to manage the death toll as well as future pay. The blow of this two-fold risk of medical bills and permanent loss of pay from the death of the earning member can be softened by the addition of an accidental death benefit rider to the policy.

Why is it crucial to get Term Life Insurance in 2022?

In a nutshell, Term Life Insurance has a number of advantages. It provides more coverage for less money, is simple to understand, and has major tax benefits. However, before you evaluate all of the benefits, keep in mind that the primary objective of insurance is to provide protection rather than financial gain. Term insurance, unlike most other types of life insurance, sticks to this objective.

How to Improve Your Credit Score

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How to Improve Your Credit Score

Admin Mar 16, 2022

You may want to focus on boosting your credit now that you know more about the advantages of having good credit. These seven credit-building steps can be useful:

  • Keep track of your credit ratings on a regular basis.
  • Understand the components of a standard credit score.
  • Keep an eye out for any inaccuracies on your credit reports.
  • Find out how frequently you should check your credit reports.
  • Learn how to prevent the most common credit card blunders.
  • Pay your bills on time and keep your credit card balances low.
  • Quick credit score repairs should be avoided.

What formula is generally used to calculate a credit score?

While each credit bureau has its unique model for determining credit scores, there are a few unchanging characteristics that all credit bureaus take into account. The following factors are taken into account:

  • 35 percent payment history
  • 30 percent credit utilisation
  • 15 percent of people have a credit history
  • 10 percent new credit
  • 10 percent credit mix (credit accounts of different types that make up a consumer’s overall credit report)

Requesting a Free Credit Report

Since 2017, the Reserve Bank of India (RBI) has required all credit bureaus in the country to provide consumers with one free credit report every calendar year.

Below are the four credit bureaus currently operating in the country:

  • TransUnion CIBIL
  • Equifax
  • Experian Credit Information Company
  • High Mark Credit Information Service

This means you can acquire four credit reports per year. You can also sign up for any of these bureaus to receive your credit reports, which include your credit score.

Benefits of healthy credit history

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Benefits of healthy credit history

Admin Mar 15, 2022

Living with bad credit is doable, but it is not always simple or economical. Having an excellent credit score can enable you to save money and simplify your financial life. If you’re seeking a reason to keep your good credit, consider the following advantages of having a good credit score.

Low Credit Card and Loan Interest Rates

The interest rate is one of the costs associated with borrowing money, and it is frequently linked to your credit score. You’ll almost always receive the best interest rates and spend reduced finance expenditures on credit card balances and loans if you have a strong credit score. The less interest you spend, the faster you’ll pay off your debt and have more money for other things.

A Better Chance of Getting a Credit Card or Getting a Loan

Borrowers with a low credit history are sometimes hesitant to apply for a new credit card or loan since they have previously been denied. Because lenders analyse other variables such as your income and debt, having a good credit score isn’t a guarantee of acceptance. A strong credit score, on the other hand, boosts your chances of getting new credit. In other words, you can confidently apply for a loan or a credit card.

Increased Bargaining Power

With a strong credit score, you can get a better interest rate on a credit card or a new loan. If you need more negotiating leverage, you can use other appealing offers based on your credit score that you’ve gotten from other organisations. Creditors are unlikely to budge on loan terms if you have a low credit score, and you won’t have any other credit offers or possibilities.

Obtain Higher Limits Approval

Your borrowing power is determined by your salary and credit score. Because you’ve demonstrated that you return your loans on time, banks are more willing to let you borrow more money if you have a strong credit score. With a negative credit score, you may still be approved for some loans, but the amount will be limited.

7 ways to Finance your Business the right way.

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7 ways to Finance your Business the right way.

Admin Sep 8, 2021

 

Starting a business is always tough. One has to check a lot of boxes off in order to get there. The most important and difficult box to check off is FINANCING. How to fund and finance your business is the biggest question that comes to your mind when you think about starting your business. Even Jeff Bezos needs to finance his business from time-to-time, in order to meet the company’s financial goals.

Thinking of ways to finance your business could be a daunting task but we have got you covered. We have compiled a list of 7 ways to finance your business so that you can focus on growing your business and not worry about financing it.

1.  Owner’s Equity – Equity or Preference Share

Owner’s equity is a win-win situation for the company’s owner as well as the investor. The greatest benefit of owner’s equity is that you don’t need to repay the cash. If your business enters liquidation, your investor or financial backers are not creditors. They are the fractional proprietors in your organization and, hence, their invested capital remains invested alongside your organization. If the company makes profits, even your investor gets a share of the total profits.

2.  Unsecured Loan – Family and Friends

Getting financial backing from your friends and family is the best way to commence your business as you won’t be pressurized for the repayment dates. A relative who knows and trusts you might offer you a similar credit at much lower interest rates. Pick an interest rate that is reasonable yet at the same time gives your relative a bonus to lend the money.

3. Term Loan/Working Capital Loan – Financial Institutions

A term loan is a loan which is generally for a longer tenure of 3 years and above. This may be availed for long-term capital expenditure requirements such as the purchase of assets, machinery, deposits etc. A working capital loan aids a business in dealing with short-term liabilities so its long-term objectives can be centered around and accomplished per the needs. Working capital loans are normally simply appropriate to small and medium enterprises and the loan period is for almost 6 months to 1 year which can be availed against primary security: stock or book debts/receivables.

4.    Third-Party Investment – Angel Equity:

Angel investors are high-net-worth HNI individuals who invest in startup ventures in hopes of earning profits. Angel investors sometimes join together in small groups to collectively invest in early-stage ventures. Angel equity is a good way to get capital for your business.

5.    Unsecured Loan – Financial Institutions:

Opting for unsecured loans from financial institutions is better because of quicker and hassle-free processing of funds without the risk of losing the collateral making it easy for the borrower. So if in case you plan to commence a business, do check for unsecured lending from NBFC’s and other financial institutions which normally gives amounts based on various parameters such as credit score, banking transaction, GST transaction etc.

6.    Top-up on Existing Loans – Personal, Housing, etc.:

The significant advantage of the top-up loan is that it can be availed at low-interest rates when compared with an individual or gold credit. The normal personal loan interest rates fluctuate between 11-24%, however for a top-up loan, the interest rates are equivalent to home loan interest rates.

7.    Government Grants:

A government grant is one the best ways to get your business funded. Unlike a loan, you don’t need to repay the grant offered by the government. Small companies and new businesses can think that it is hard to finance their business operations but getting a grant would ease all of their problems. In case of the grant is accessible, the organization would secure their position and might grow eventually without mortgaging its future. All the state governments are providing with various grants & subsidies to support MSME, as that in turn creates a lot of jobs in the state. The central government also has a lot of schemes such as interest subsidy and capital subsidy. One can take maximum advantage of the schemes.

Conclusion:

With these financing avenues to choose from at your disposal, you can streamline your business funding and get the operations up and running. Making the decision on how to finance your business can be made after taking several factors into consideration like the amount of funding required, the situation of the credit system, debt calculations and other such factors.

If you are planning to approach the loan options then consider calculating the credit score to make sure about your available options.

Considering your return on investment will also be recommended thus making sure that you are well aware of what you are getting involved with. We, at Ratnaafin are accessible to you and providing financial solutions and guidance at every step, so that you can focus on your project.

Let us know your favorable option of financing your business in the comment section.

Har ek Friend zaruri hota hai-Friendship day special

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Har ek Friend zaruri hota hai-Friendship day special

Admin Aug 24, 2021

Human beings are social animals and socializing is at our core. Without it survival is pretty grim and difficult. That’s why we make friends wherever we go. Not all friends are equal, some are closer to you than others. Some are special, some are important and some are just there for you. Some we connect with because we are extremely alike and some we connect with because they are unique. We celebrate friendship’s day to honour our friends, who make our lives special. Friends are super important in today’s hectic day and age. They are the best sources for intellectual, social and creative understanding. Each friend in a group has his or own unique feature or should I say appeal.

Some however are more special and unique than others. Here’s how you can do your bit and be an awesome friend to them too.

The Foodie

He/she is the most excited to try out new cuisines and tasty delicacies. They never discriminate a five star from a food truck as long as the food is lip smacking. They can gorge even on a weekday afternoon knowing they need to get back to work. A friend like this is very nice to have as you will never run out of new and awesome food places to try out. You should do your part and definitely talk to them about a good health insurance. Their actions are going to get them into trouble sooner or later.

The Lone Ranger

He/she is the one who lives life by their rules and takes everything that comes their way head on. They are not the ones to think about consequences as long as it is fun and off the books. You will often see them lazing in bed till late in the afternoon and come sunset they are ready to party the night away. They believe in independence and can get themselves out of any rut. Even if it is a faulty radiator in the middle of nowhere at dawn. Be a buddy, advise them to keep a copy of their automotive insurance in the dash. This will come in handy for that one time their mean machine can’t keep up with them.

The Bolly Baby

There’s always this one friend who is over obsessed with Bollywood and the glitz and glamour it brings with it. They are up to date on everything filmy. They have the latest news on the b-town couples and their lives. These guys jump trends faster than I can say ‘trends’. Fashion is also something they are hyped about and you will always see them sporting the latest goods. They are also the ones who keep telling you that they will have an awesome destination wedding far far away and it will be awesome. They are always collecting stuff for the perfect day. Do them a solid by telling them to insure their trousseau so all they need to think about is how great they want to look for the ultimate day.

The One who loses everything

Well we definitely all have this guy/gal in our army. This is the one who leaves their phone on a restaurant table after paying the bill. Losing pocket gadgets in public vehicles is also another quirk these guys have. They only realize when it is too late. Later you are the one helping them select a new budget phone. Some habits we can’t get rid off and they become our shortcomings. Keeping that in mind, please help this lost soul and remind them to check the ‘protect with insurance’ box whenever they travel.

The last type of friend sometimes misses this list because many of you do not consider them to be a friend. But come to think of it, financial advisors are some of the best friends you can get. They always make sure you make the right monetary decisions. They make sure they stay by your side through your worst times. The same goes for insurance agents, companies, etc. They plan out contingencies just in case something goes wrong. Having a safety net is always a good idea. Don’t believe us, ask a trapezist.

We at Ratnaafin also believe that dealing with insurance should bring a smile to your face and not make you worry. All our solutions are customer-centric and based on the feedback we receive.
To know more on how you can help us help you, visit our webpage: https://ratnaafin.com/