Category: Finance

Insurance policy is nothing but a contract to insure you for some capital, and the insurance contract always provide the risk coverage for the one who bought the insurance. The one who purchased the policy will be promised to pay some amount of money as premium to compensate for a situation of unexpected loss. The reason for going with insurance scheme is to get relief from stress in the retirement life, which is very much important to manage their financial needs. The common types in insurance field are one for risk coverage and other for savings. The savings scheme helps them in getting some amount regularly to manage all their expenses, and the risk coverage will benefit your nominee if there is unexpected loss of the insure.

Most popular insurance policy that you can find out here in current generation is savings one, and the reason for this is they are saving money, whereas they insure themselves for some medical conditions. The life insurance policies that have shorter life time contracts are also popular as the number of years they lock their amount is reduced so that they can use the lump sum amount for some useful purposes. The savings scheme in life insurance policies has made it a good competitor among the other financial sectors and saving schemes.

Deferred Annuity

The types of annuity includes immediate or deferred, whereas the deferred annuity is otherwise known as delayed annuity. The deferred annuity falls into two categories, accumulation phase and income phase. The accumulation phase is also known as savings one which requires the one who purchased the insurance policy to pay some premium either in months or per year, or in one single settlement. The income phase is you need to lock some amount of money for large number of years and after the specified number of years you will get started to receive the payments from insurance company.

The main advantage in insurance policy is you can use it for tax exemption, whereas it also has a disadvantage in which the one from whom you get the insurance will be given a commission fee of about 10% by the insurance company. You must know about the surrender period and its number of years so that you must not be charged any penalty fee. This amount is not just intended for your retirement life it can also be used for the future of your children. So thus you can simply invest your money in deferred annuity without any ado. Now, safeguard yourself and your family from health hazards and have stable financial life with no specific money burden and personal worries

There is nothing that gives you a peace of mind and security for your finances than Cigna Insurance Company and their diverse health products that guarantees you a fulltime protection even in occurrence of unfortunate events. The company gives a comprehensive health care insurance in Hong Kong tailored to suit your needs. The traditions, heritage, and culture within the company and the products offered to the market to cater for various healthcare issues are reliable, affordable, and top-notch to suit our clients’ needs. What I have learnt and can confess is there is no better way to protect what you value than through Cigna.

What Cigna Insurance Company stands for

Over the years of existence, the company has established itself as a brand trusted by masses whether individuals, companies, and businesses through ensuring that they make them enjoy well-designed, unique and valuable insurance cover products. The company has become known for being innovative and creating industry benchmarks in Hong Kong. Cigna has several firsts to its name as credit including offering comprehensive healthcare insurance in Hong Kong tailored to suit your needs. Their approach to insurance is definitive and always progressing towards creating quality, simple, and innovative solutions.

In my entire life and interaction with Cigna Insurance Company, I can tell you that I have never encountered any unique products and a passionate and genuine team of distributors, i.e., both brokers and external agents like those of Cigna. A visit to their offices at 15/F, 28 Hennessy Road, Wan Chai, Hong Kong you will be treated to a dedicated in-house sales team of over so many business consultants or call them financial advisors who genuinely believe in the company and its products. If I said, the company intends to be a recognized leader and the most preferred provider of insurance services in Hong Kong I would be wrong because they already are. I have seen them serve their clients, stakeholders, community, and society in general through their provision of comprehensive and responsive Insurance solutions. That’s what they stand for.

Cigna Health First Elite Medical Plan

This product is one of the firsts which I told you about earlier, and it offers a medical cover which is comprehensive and global without any time limit. The plan gives individuals up to HKD 38.8M annual limits. With the plan, you are cushioned against unexpected colossal hospital expenses and also accorded a chance to receive the best medical care services and treatment in the best health facilities.

Features of this incredible Medical Plan

It has an unlimited lifetime, and this means that you can subscribe to it and remain protected and be receiving best of care for your whole life. The package comes with other variety of hospital and surgical benefits such as getting hospitalized cashless once it is approved and 38,800,000 HKD annual limit.

The subscriber also gets an opportunity to modify their insurance plan to serve and suit his preferences such as deciding on accommodation room types, annual deductibles or contributions, geographical options. The subscriber also has the freedom to select optional provisions or riders such as;

• outpatient
• pharmacy
• premium waiver due to cancer
• dental
• maternity
• deductible discount

The Global medical services network has over 7,000 health providers who work collaboratively with Cigna HealthFirst Elite and accessible 24/7 globally through a Hotline. This plan is an all-around and comprehensive healthcare service you can trust and rely on here in Hong Kong and wherever you go. Please come and enjoy all these benefits by subscribing today and if you join together with your children, you will get a premium discount of up to 50% on your policy.

Many entrepreneurs fail their business because they are bad at working with money. You can have great business ideas and knowledge to work with people, but managing your money is the most important thing. If you make a mistake in managing your money you won’t have an opportunity to present your business the right way.

Making a loan is something that people usually turn to when they have nothing else in mind to save or start their business. This is also a mistake, that isn’t always a perfect timing for a loan. Online loan is one of many ways you can get money to improve your company. There aren’t many Arizona online loan lenders, so it won’t be hard to make a great choice.

Starting the business

When you are new to the world of entrepreneurship, you want to learn as much as you can before making any moves. Nowadays, it is easier as ever to start a business, but that isn’t just a good thing, that means you have a large number of competitors.

Starting the right business at the right moment is crucial. It is something like planning a winter clothing company in the summer. You need to know what people want at that certain time so you can develop quicker. Also, the prices for your equipment or bills for starting the business can vary through the year. Read more on this page.

Business plan

Before you make any loans, the most important thing when starting a business or even if you have one but you are looking to expand is a business plan. It is a plan of your whole business model. That is how you will know the details you need to follow to succeed and it is a plan that you will follow every month year up to 5 years.

In the business model, first, you will have to put the main things about the company like name, address, and logo. Also, you will have to get knowledge of your geographical, psychological and economic factors to better understand where you are selling, who is buying, and how much is it affordable. These are some of the main things you have to look for. You need to know everything about how much you need for bills, and what can cost you in the future. So, maybe you have a budget for now, but what can happen a month or a year from now, you can’t know. You need to make sure you are safe for a longer period of time. Many people are getting loans for that purpose when they are cornered by something they haven’t predicted.

Tips from entrepreneurs

You need to be optimistic about yourself and your business. Almost 90% of startups fail, and half of that is because they quit easily. To be successful you need to be optimistic for the future and look up to solving new problems in the ways your competitors aren’t solving them.

Making a great team of people for your business is among the most important things. If you are surrounded by people who are hard workers, people who are great entrepreneurs and are optimistic and experienced, you will for sure progress faster. The team needs to believe in the same vision and then they can accomplish great things.

Get more information here: https://www.kanbanchi.com/tips-for-entrepreneurs

Taking a loan is some kind of sacrificing because you are taking a risk which can go wrong or you will have to return it. But, for some major businessman, that is what they are experiencing every single day. You need to be prepared to make a sacrifice to accomplish something. You need to ask yourself what are you ready to give before thinking about getting something in return.

Another major thing is to focus on things that are not trending. When something blows up, it is already late to make something bigger out of it. To become a leader in any business you need to predict what is coming next to the market. This is where real entrepreneurs show themselves.

You don’t need to wait for everything to be ready. If you are predicting that some market is going to become popular soon, you need to start immediately. Don’t wait to be sure it is going to happen, you need to start before others have a clue it is happening.

Business is never about you as an individual. Business tends to affect all the people benefitting or related to the business i.e., the stakeholders. Also, business is all about risk and risk management. Most of the decisions taken in a business involve risk in some form or the other. Your business activities have the potential to affect a lot of stakeholders along with the financial consequences of the business risk being so high that it has the potential to wipe out a small business entirely. In case the business is still able to survive the mishap, you would lose face in front of the customer. Hence, due to the high risk nature of business, it becomes extremely important to have insurance cover for your business or insurance cover for the risk associated with it; since the insurance would take care of the parties affected by the business activities. Multiple companies and online websites provide business insurance e.g., www.tradesmansaver.co.uk.

When we talk about businesses, we talk about uncertainty and the risks involved. Every business decision made, involves a certain amount of risk. When the management sits for a business making decision, the final question comes down to whether the risk is worth it or not. However, wouldn’t it be great if we can minimise this risk and uncertainty to even a small extent? This would not only give some peace of mind and will add to the confidence to pursue the risk. In addition, further ensuring the business owners doesn’t have to worry about the losses and instead they can divert their energies to other matters at hand which would result in the further growth of the business. There are definitely some pros of having an insurance policy. Firstly, if the business owner needs any additional loan, he can take a loan against the policy. Also, in case of death of any one of the partners, in case, there is an insurance policy, enough amount is provided to restart the business. And last but not the least, you can avail insurance and medical covers for your employees. At the end of the day, the employees are the responsibility of the management. It’s very rightly said “if you take care of your employees, they will take care of your business”. You can check online websites to get the best quotes for your business and decide which works best for you. For example, www.tradesmansaver.co.uk.

Finally, be it individual or business, it pays to have an insurance policy. It takes away a lot of stress and allows you to focus your time and energy on other things that can help grow your business instead of spending time working about the loss in case things don’t go as planned. There is no harm in being safe rather than worrying about things later. Use the energy to make something bigger and better.

A Story of how BitCoin can change our life

Being one of employee in a global company could make everybody proud. The salary income is another thing. Sometime the seniority would not align with the salary enhancement. Most people remain stagnant in their comfort zone enjoying their life in the middle age of their life until the pension period.  Nowadays, there is another option to give you more quality of life. It can be set by Bitcoin Trader, as one ofthe leading mining software to earn more Bitcoin value.

Having bitcoin investment does not mean that you have to quit from your current job. This opportunity only requires a small amount of time for you to monitor and control your investment. Almost all of the activities would be execute auto-pilot by the software. You only need to follow the instructions step by step in the beginning.

Recent reviewed show that this software has an overall score of 9.3 per 10 which show how trusty this software among other options. The success rate is 99.4% that is almost perfect to give you the opportunity to bring a bitcoin outgrowth day by day. There is a demo account for free from Bitcoin Trader where you can start to learn before doing it in the real trading. You can spend some times to get used to the platform, such as the indicators, tools, or trends available to interpret how the situation goes.

After you join demo account and you learn a bit, then you can convince yourself to try it in the real trading. The first funding only required a minimum $250 deposit. You can start to earn after you settled a deposit in your account. Put it into an auto-pilot mode is a simple way for a new beginner. Monitor and control it day by day and see how it could earn you more bitcoin.

The growth of bitcoin value is stored into your wallet. This could be used to buy many things from online stores. You even could cut your expense budget by replacing the expense with mining income. It might give you the flexibility to manage your financial cashflow.

There are a lot of online stores that received Bitcoin in their payment. The retailer options are Overstock, Expedia, Microsoft, eGifter, Newegg, Shopify, Dish, Roadway Moving Company, and many more. You can see how that big opportunity could impact to your life if you take an action to invest in bitcoin.

Some testimonies from current users show that their average income from auto-pilot mode could reach a sum of 13,000 Euro daily. It could be exceeded by your current daily income from conventional work. Therefore, it becomes a promising way to gain more passive income in a very simple way.

About the software

Started in the month of September 2017, Bitcoin Loophole is a new trending cryptocurrency trading software. Developed by Steve McKay, the software is developed in such a manner that it can produce significant results within just 24 hours of the starting of the software. Not getting confused by its name, the entire software is genuine and is one among the latest bitcoin softwares that has a robust level of coding and is very accurate in terms of the results that it provides. It is designed in such a manner that both experts and novice can use it easily without having any further course of doubts. Initially the settings need to be done manually but with time they get automatic and hence ease up the further process. This article discusses in detail about the entire system of Bitcoin Loophole.

The way to register

The method of registering is very simple and lucid. One needs to visit to the official website of the Bitcoin Loophole, fill a form over there to obtain the free version of the license and then follow the rest of the instructions as given on the website to start earning profits in terms of bitcoins. However, the number of customers that can be registered per day is very limited and hence one needs to register within the pre-set time, else on expiry of the window time the person has to wait for another 24 hours to avail the services. A minimum deposit of US $250 is required to open the account and then run it.

How does Bitcoin Loophole Work?

Bitcoin Loophole works on a series of complex algorithms and uses superfast computers to execute all of the programs at a very high speed and with a very high accuracy. The entire experience provided by the software is very smooth and sleek and does not pose any form of risk. The returns provided by it are very hefty and one can easily earn huge profits from it. The accuracy of the software is very high and it has met all of the average standards as set by the industry.

This is definitely the software for those investors who are looking for a way to invest in crypto currency. Being well encrypted and firewall protected is the biggest reason for using this software and it also comes with some essential features that can help the investors make a lot of profits.

The need for the money may arise at any time. The situation can turn worst when you are not financially strong. The financial institution offline performing at the high level take enough time to place the loan in front of you. They involve application presentation, inspections and security to grant the loans. However, there are still some lenders to meet your demand for loans at the same day. The struggle of monetary resources can be eliminated by consulting these lenders. There arises certain situation when you fail to meet the expenditure through the funds in your hands. You start searching for someone who can help you with the financial resources. The Wisconsin- Based business helps you meet the need for money. The instant loan facility is given to the borrower.

Service to the Borrower

The payday service involves the short-term loan to the borrower. The receiver can pay off the loan on the day when salary gets credited into his account. Since they provide instant and quick loans their interest is generally higher. The borrower has to fill the application form with the correct data. Borrowers are also expected to enter the amount of loan they are seeking for. After considering the amount of loan, the lenders sanction the funds to the applicants. Such companies are legally registered and they are enforceable by the law.

Highly Recognized Financial Institution

This service is generally available online. The organization never demand for faxing the data. They involve consultation with the highly recognized institution. Such institution enjoys the confidence of the consumer. They takes into consideration the amount of loans and settle the agreement at affordable rate. The chances of rejection of the application is less. Such companies involves the risk and they earn the profit through the interest collected from the borrower along with the capital amount.

Service to the Bad Credit Borrowers

Services to the borrower with the bad credit is not ignored. The financial institution don’t exploit such customers with the higher amount of interest on the loans. The impression turns out bad when you fail to pay off the loan on the due date. They don’t take into regards your condition and why you failed to pay. They monitor the activity of the third party agencies. The borrower submitted application for the same day loans can be confident of the secrecy of their data.

The Aadhaar card linking has made mandatory by the government for all the resident of India. All the citizen of India needs to link the Aadhaar card with their active mutual fund investment. The government has already asked the mutual fund companies to make sure their investors should link Aadhaar to mutual funds by the limited time given by the government. If an investor fails to link the Aadhaar with their mutual funds, then their  mutual fund investment will be inoperative after the given deadline of the government. The imperative means that they still are holding the mutual fund but they won’t be able to perform operations like purchasing, new ones, or sell or switch their existing holding.

If you one of the mutual fund investors who want to link their Aadhaar card yet, here is step by step good for linking your Aadhar with the funds.

Link our Aadhaar card via online at Karvy, CAMS and others.

The very first step of linking your Aadhaar to the mutual fund investment is to register your number and email id. Using the online portals restart your email id and mobile with the mutual fund’s investments you are holding. Make sure that the number you update with the mutual fund should be the same that is registered with your Aadhaar card. Go to the CAMS, Karvy, Franklin Templeton and Sundaram BNP Paribas websites to do the process. This will take maximum 2 minutes to register your number and email id.

You can also link your Aadhaar card with the mutual funds using the SMS service. Karvy and Cams offer the SMS service linking process to the people just go to their website and look out for the process. If you are more like the traditional way person of doing the documentation within-person facility then there is an option too. So, you can also link your Aadhaar card via filling a physical form and submitting to the officials.

Things you should know about the Aadhaar card linking

• Aadhaar linking the respective mutual fund investment is not mandatory for the NRI’s
• The government has announced that the offline linking facility is only for the organizations and non-individuals.
• According to the Aadhaar card linking regulations, if you have a folio with multiple holders then all the holders need to link their Aadhaar you can’t link only the primary holder’s Aadhaar.
• If anyone fails to link the Aadhaar with the mutual fund investment by the given time then the folios will be frozen and they can access it to perform a task.

Final Steps For Linking

1. Visit the CAMS website for linking your Aadhaar card, the CAMS website holds the authority to access all the Aadhaar card information it will help you in linking your Aadhaar with the mutual funds. After landing on the website click on linking the Aadhaar card.

2. Now, there will be a short form to fill your needs to fill in your details including, Email id, PAN number, mobile number, and Aadhaar number. While entering your mobile number make sure you enter Aadhaar registered mobile number. For mutual funds there will be an option for the company with mutual funds, select your bank or company for mutual fund Aadhaar linking and hit the submit button.

3. Afterward, you will be taken to another window where you will be asked to enter the One Time Password sent to your registered mobile number. You will receive an SMS counting the OTP and you need to enter the top in the box and click submit button in the last. Once you click the submit button you will receive a success message on your mobile for successfully lining your Aadhaar with the mutual fund.

Do you want to incorporate ways so that you can make your existing or ensuing Home Loans even more affordable regarding Home Loan interest rates? Read on!

The government of India is keen to roll out homes for all since it has a policy named ‘homes for all by 2022’ and it has fuelled the real estate industry.

Home Loan borrowers are feeling the benefits of the same as leading service providers, and non-banking finance companies (NBFCs) have reduced their Home Loan interest rates.

Yes, Home Loans are available at a rate of 8.35%, and you can further make it even more affordable if you follow some handy tips or steps. Have a look!

Extend your tenor

You can reduce your Home Loan interest rate easily if you plan to extend your tenor. How? It’s because your principal and rate of interest get equally distributed across over a larger number of months. However, even though your Housing Loan EMIs will become inexpensive, you will have to pay more interest on the principal which remains higher.

Increase the down payment

Another significant way to keep your Home Loan interest rates is increasing your down payment. Even though lenders may offer to cover the entire price of your new home, try putting down at least 20% as the down payment so that you have to manage 80%. This is the best method to meet long-tenor credits such as housing loans which comprise of paying back for many years.

Go for Home Loan balance transfer

If you are an existing Home Loan subscriber and analyze that you are paying a higher Housing Loan interest rate than what is available in the market, opt for balance transfer. Home Loan balance transfer helps you transfer your existing Home Loan account to a new lender who is providing a reasonable deal on the Home Loan interest rate. What’s more, Home Loan balance transfer also helps you apply for a top-up loan to the tune of Rs.50 lakh at a lower rate so that you can manage other costs.

Avail the facility of premature repayment

One of the easiest ways to bring down your Home Loan interest rate is by putting down any surplus or bonus amount and opting for a premature repayment. When you get a large amount of money from some sources such as bonuses, selling value out of the ancestral property and more, do it. It’s best to do it during the initial stages of your loan tenor so that your principal could go down. When this happens, it helps you reduce the interest rate on the successive payouts.

The Bottom Line

You just went through some easy-to-implement methods to bring down your Housing Loan interest rates. The best part is that these steps work greatly even if you are an existing Housing Loan subscriber or planning to apply one shortly.

Apply for a Home Loan with leading non-banking finance companies (NBFCs) over the web and avail the benefits as mentioned above. All the best!

Retirement is often considered a ‘golden period’ and this period should not mean being concerned about money matters for which you have almost given your life!

People approaching their golden phases of life should have a sure-shot financial plan ready that provides with enough income flow for you and your family.

If you are a senior citizen or even a standard citizen who is vying for a reliable and sure-shot retirement investment, fixed deposits are the finest financial product to opt. Why? The prime reason is that the returns of a fixed deposit are fixed, and not impacted by ROI as compared to mutual funds.

Being a senior citizen pays you back as leading online companies offer you bonus 0.25% FD interest rates. If you are Indian resident who is above 60 years, you would expect to get one of the highest FD interest rates on senior citizen in the market today.

Hence, after having said that, is the FD for senior citizens are worth it? Let’s provide you some benefits of a senior citizen fixed deposit that will help you know more!

Senior citizen fixed deposit – Some immediate benefits at a glance!

Assured safety

The senior citizen fixed deposit is laced with a safety cover. Fixed deposits are insured up to Rs.1 lakh as under the Deposit Insurance & Credit Guarantee Scheme of India, regulated by the Reserve Bank of India. Compared to equities which are impacted by market fluctuations, fixed deposit plans have emerged a safe investment option for all.

Fixed returns

As compared to the ROI in the mutual funds or stock markets, the ROI in a fixed deposit is higher. Use a free fixed deposit calculator on a lender’s website and know how much you will earn. Fixed deposits have high stability, and it makes their ROI higher as well.

Higher FD interest rates

Leading non-banking finance companies will let you earn as high as 8.10% on the opening of an FD account with only Rs.25,000. Want to know what your savings will earn? Use a FD calculator available free on a lender’s website to exactly calculate your future savings super-quick.

Offers good degree of liquidity

Did you know that fixed deposits carry a greater degree of liquidity when you face any financial crunches? Yes, you are free to break them when you face a desperate need for money. Although a premature withdrawal of your FD would not provide a standard citizen any interest returns as promised, a senior citizen will give a bit lesser ROI as promised had you completed the tenor. What’s more, you will also have to cough up some penalty for doing that.

Tax benefits

As per the Section 80C of the Income Tax Act, you are entitled to save up to Rs.3 lakh in taxes if you are a senior citizen. To enjoy this facility, all that you need to do is, declare your interest income at the time of filing your IT returns every financial year. 

The Bottom Line

With so many features and benefits of the senior citizen FD, do you still need any validation if it’s really worth it? You can apply for an online senior citizen FD with a prominent online lender and get one step closer to a smarter retirement planning!