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Enjoy your post-retirement life with a steady income: Learn more!

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post-retirement life

Are you looking for a way to ensure that your future is secure and stress-free? A term insurance plan could be the answer. The best term plan in India provides financial security for your family in the event of your death, as well as regular income payments upon maturity and big savings. In this blog post, we will discuss 8 ways a term insurance plan gives you a relaxed life later.

We will look at how you can benefit from regular income payments, big savings, and the peace of mind that comes with knowing your family is taken care of in the event of an unexpected tragedy.

1) A Term Insurance Plan is an agreement between you and an insurance company

The best-term plan in India is a great way to protect your loved ones and yourself in the event of an untimely death. It provides a set amount of money to the beneficiaries you specify in the policy. 

With this life insurance cover policy, you can make sure that your family has the funds they need to cover essential costs such as mortgages, medical bills, and other debts. Additionally, it also provides an option for regular income payments on maturity so that you can enjoy a relaxed life later with the big savings you have accumulated.

2) It gives you coverage for a specific period

The best-term plan in India is a great way to give yourself financial security and peace of mind for the future. It gives you coverage for a specific period, ensuring that your family or loved ones are taken care of in case of an unforeseen event.

It also provides regular incomes on maturity as well as significant savings from premium payments throughout the policy. This makes it an ideal way to safeguard your family’s future.

3) On the maturity of the policy, you get the sum assured as a lump sum payment

The Best term plan in India is a great way to ensure a relaxed life later on, as it provides regular income on maturity. In addition, it also helps you save a considerable amount of money as the premiums are comparatively lower than other insurance plans. 

With such plans, you get an assured lump sum amount on the maturity of the policy, giving you financial security in your later years.

4) A Term Insurance Plan helps you save on taxes

Having a term insurance plan can be an important step in securing your financial future. Not only does it provide you with life insurance coverage, but it also helps you to save on taxes. 

With tax-free returns, the money you have saved from the plan can be used for other important investments such as retirement, college tuition, and more. 

A life insurance cover will help you lead a relaxed life later with regular incomes on maturity and big savings.

5) A Term Insurance Plan gives you financial security

A term insurance plan is a great way to ensure financial security for yourself and your family. It provides regular incomes on maturity and big savings, giving you peace of mind that you can enjoy a relaxed life later. 

Furthermore, you have the security that if something happens to you, your family will be taken care of financially. With a life insurance cover, you are guaranteed a future of financial security.

6) A Term Insurance Plan helps you plan your retirement

A term insurance plan can provide you with a secure and relaxed life later. With regular incomes on maturity, you can save for your future, while also enjoying the present. 

With a term insurance plan, you can easily plan your retirement, ensuring that you are well taken care of in your later years. Invest in a term insurance plan now for a stress-free retirement later!

7) A Term Insurance Plan can be used as collateral for loans

A term insurance plan can be used as collateral to secure loans or borrowings. This provides an extra layer of security to lenders and allows you to access higher amounts of capital at competitive interest rates. 

Term insurance plans also come with a range of other advantages, such as flexible premium payment options, tax benefits, and more. With the right term insurance plan in place, you can rest assured knowing your loved ones will be taken care of in the event of an unexpected tragedy.

8) A Term Insurance Plan gives you peace of mind

A term insurance plan is a great way to ensure you and your family have financial security in the future. It provides the peace of mind that comes with knowing that your loved ones will be taken care of, even after you’re gone. 

The best term plan in India policy guarantees regular incomes on maturity, so you can rest assured that you’ll have enough money to live comfortably later in life. Plus, with the big savings you get from term insurance, you can enjoy a more relaxed life now and in the future.

Conclusion

 A life insurance cover provides financial security and peace of mind for your loved ones in the event of your demise. It also helps you save money, with the assurance of regular income on maturity.

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Adani, Torrent compete to purchase Gujarat Titans from CVC Capital

The probable sale of the Gujarat Titans, with the lock-in period coming to a close, will therefore be a defining moment in the changing face of IPL investments.

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The Adani Group and Torrent Group are currently negotiating a deal with private equity firm CVC Capital Partners to offload a controlling stake in the Indian Premier League franchise Gujarat Titans. According to sources, close to the development, reports say CVC Capital Partners will be looking to sell a majority interest while retaining a minority share in the franchise.

This becomes important because it is aligned with the end of the lock-in period by the Board of Control for Cricket in India (BCCI), which restricts any new teams from selling stakes until February 2025. The three-year-old franchise Gujarat Titans is reportedly worth $1 billion to $1.5 billion. CVC Capital Partners had paid ₹5,625 crore for the franchise in 2021.

A source close to the development pointed out that IPL franchises have attracted many investors’ interest since the league has proved an asset with a good reputation for money-making capabilities and cash flows. This growing interest of investors embodies the financial value and stability that come with the IPL franchises.

Gautam Adani, who owns teams in the Women’s Premier League and UAE-based International League T20, is understood to be one of the serious buyers. In 2023, Adani’s group won the Ahmedabad franchise in the WPL with a bid of Rs1,289 crore, the highest offer. His interests in this potential deal signal his commitment to expanding his footprint in the cricketing world.

Arvinder Singh, COO of Gujarat Titans, exuded confidence in the financial future of the franchise. He said the team was confident of turning profitable in the next media rights cycle, referring to even the original ten IPL franchises that took four to five years to turn profitable. He added confidently that the Gujarat Titans would not only turn profitable but significantly enhance in brand value.
 
This surging interest of investors in it is evidence of the growing financial attractiveness of IPL franchises, driven by healthy revenue streams and an increasing global footprint. The probable sale of the Gujarat Titans, with the lock-in period coming to a close, will therefore be a defining moment in the changing face of IPL investments.

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PayTm share price slips 2 per cent over SEBI warning

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Paytm

The share price of PayTm fell by nearly 2 per cent on Tuesday following a warning from the the Securities and Exchange Board of India (SEBI).

PayTm’s parent One 97 Communication had got SEBI’s administrative warning letter on some transactions involving the PayTm Payments Bank during fiscal year 2021-2022. The bourses reacted strongly leading to PayTm shares falling by 1.88% to Rs 460.80 per share on the Bombay Stock Exchange.

SEBI said it had noted the violation with concern and said these matters are being viewed very seriously. The regulator warned the company to exercise caution going forward and improve compliance to rules to prevent similar incidents in the future.

The markets regulator added that failure to comply with rules may force it to invoke enforcement actions as per the law.

In its response to SEBI, PayTm said in a media release that it has always followed listing regulations, as well as any change to these rules over time. The company said it would keep up its commitment to maintain and follow high standards of compliance. Paytm said it intends to provide an adequate response to SEBI on this matter.

PayTm said it has always followed Regulation 23 along with Regulation 4(1)(h) of the SEBI Listing Regulations, without including any change made to these rules over time. Paytm added that the letter from  SEBI has no influence on its finances, operations or other activities in any way.

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Zomato, Swiggy hike platform fee by 6% 

After the hike, the platform fee would be Rs 6 per order from an earlier Rs 5 per order.

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The food delivery majors, Zomato and Swiggy, have recently increased their platform fee by 6 per cent for food orders initially in Delhi and Bengaluru.

The food giant is currently charging in the national capital and IT hub, Bengaluru, the platform fee is distinct from delivery fee, goods and services GST, handling charge and restaurant charges.

After the hike, the platform fee would be Rs 6 per order from an earlier Rs 5 per order. Gradually, the higher platform fee is expected to roll out to other cities as well.

Notably, this fee is applicable universally to all food orders, irrespective of customer enrollment in loyalty programmes offered by both food giants. The charges directly contribute to the companies’ revenue streams and cost management efforts. The platform fee goes to the food aggregators to apparently control costs and increase revenues.

In April, they charged Rs 5 per order, but now it’s been increased by Rs 6 per order. That’s a 20% increase in fees for food delivery. This change in their strategy to adjust the price in a market as they expand their services.

Increase in platform fees, impacting how much customers pay for their food deliveries across the board. When customers order food using the app, they will notice different charges, besides the platform fees. These include delivery fees, handling fees, GST (Goods and Services Tax), and charges from the restaurant.

The charges earned by the platform, directly go to the food delivery app, helping to manage all expenses and boost their wages. The food delivery platform aimed to make between Rs 1.25 to Rs 1.5 crore per day through the fee, the app charges.

In August last year, Zomato introduced platform fees of Rs 2 per order for the first time. In October, they raised their platform fees from Rs 2 to Rs 3 in most and in major cities. Additionally,  Zomato is a quick commerce platform.

According to reports, Zomato stock reached its highest price of Rs 232 on the Bombay Stock Exchange. This achievement has made Zomato founder and CEO, Deepinder Goyal, a billionaire. The company has experienced a strong upward trend over the past years, driven largely by the expansion and success of its quick commerce subsidiary in Blinkit.

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