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Finance October 5, 2023

Your broadband recharge is now cashless – here is how it works

Cashless Broadband Recharge: The Future is Here

In the dynamic world we live in, connectivity plays a pivotal role, be it for work, education, or entertainment. Ensuring a steady and reliable broadband connection becomes essential. Thankfully, with the advent of online broadband recharge platforms, keeping your connection alive has become a hassle-free affair. These platforms, including options for ACT Fibernet recharge, have revolutionised the way we approach broadband recharge, fostering a seamless, cashless, and efficient process. Let’s delve into this modern-day convenience that promises to make our lives a touch smoother.

Unfurling the Easy Steps of Online Broadband Recharge

Taking a step forward into the cashless era, broadband providers have eased the recharge process extensively. Here, we unfold the simplicity that online broadband recharge platforms bring to our lives, with a special focus on the process involved in ACT Fibernet recharge.

Step into the Digital Arena with User-Friendly Apps and Websites

Broadband providers have ushered their customers into a digital haven of user-friendly apps and websites. These platforms facilitate a smooth online broadband recharge experience, offering a plethora of payment options to choose from, ranging from debit and credit cards to UPI and wallet payments.

ACT Fibernet Recharge: Simplified and Secure

ACT Fibernet has taken leaps in simplifying the recharge process for its users. Through the dedicated app or the website, users can log in to their accounts, view their current plans, and choose a suitable recharge option with just a few clicks, all while enjoying a secure transaction environment.

Automated Reminders and Easy Recurring Payments

The future of online broadband recharge is automated reminders and easy setups for recurring payments. ACT Fibernet, amongst other providers, offers features where users can set up automated payments, thereby avoiding the disruption of services due to missed recharge dates. The convenience of receiving reminders ensures that you recharge your account on time, every time.

Customer Support: A Pillar of Strength

While transitioning to an online platform, having a robust customer support system is vital. In case of any glitches or queries during the ACT Fibernet recharge process, users can easily reach out to the customer support, which remains available to guide and assist, promising a hassle-free recharge experience.

Special Offers and Loyalty Rewards

Stepping up the game, broadband providers have introduced special offers and loyalty rewards to enhance the user experience. Through various cashback offers and loyalty points accrued over time, the online broadband recharge process becomes not just convenient but also rewarding.

Environment Friendly

Opting for an online broadband recharge not only eases your process but is also a step towards environmental conservation. By reducing the need for paper receipts and encouraging e-bills, providers like ACT Fibernet are fostering a greener and more sustainable approach to recharge and billing processes.

Conclusion: Welcoming a Seamless Broadband Recharge Era

As we draw the curtain on our discussion, it becomes abundantly clear that online broadband recharge platforms, spearheaded by initiatives like ACT Fibernet recharge, have transformed the landscape of recharge and billing processes. Embracing technology has not only facilitated a smoother user experience but has also brought a range of supplementary benefits, from rewarding loyalty programs to a reduced environmental footprint.

Indeed, the cashless revolution in the broadband recharge sector marks a significant stride towards a future grounded in convenience and efficiency. The ease of accessing and navigating through the recharge process from the comfort of your home or on the go is truly a game-changer, offering users more control and insight into their broadband plans and usage patterns.

As we forge ahead in this digital age, the seamless integration of technology in routine tasks such as broadband recharge continues to pave the way for a more connected and convenient tomorrow. The nuances of the process are not just user-friendly but inclusively designed to cater to individuals from different walks of life, ensuring that everyone can effortlessly navigate through the process.

In conclusion, the move towards cashless broadband recharge platforms, with ACT Fibernet steering the course, stands as testimony to an evolving digital landscape, beckoning users to enjoy a streamlined, secure, and efficient recharge experience. So, let us welcome this innovation with open arms, as we step into an era where broadband recharge is not just a necessity but a breezy, rewarding experience, bidding farewell to the cumbersome cash transactions of the yore.

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Finance July 25, 2023

The pros and cons of opening an account with an online-only bank

Traditional banking has undergone a significant transformation in the digital age, with online-only banks emerging as a popular alternative. These banks operate exclusively online, allowing customers to manage their finances through mobile apps and websites.

If you are considering opening an account with an online-only bank in India, it’s crucial to understand the pros and cons before making the final decision.

Pros:

Convenient account access:

One of the most significant advantages of online-only banks is their convenience. With 24/7 availability, you can access your account anytime and anywhere using your smartphone or computer.

This means no more rushing to the bank before closing or waiting in long queues. Managing your finances becomes hassle-free, allowing you to focus on other important aspects of your life.

Lower fees and charges:

Banks that operate solely online usually have lower expenses compared to traditional banks, and they offer their customers these cost savings. Opening an account with an online-only bank usually means lower or no monthly maintenance fees, minimum balance requirements, and transaction charges.

Attractive interest rates:

Many online-only banks offer competitive interest rates on savings accounts, often higher than traditional banks. By choosing an online-only bank, you can earn more from your savings, helping you achieve your financial goals faster.

It is advisable to utilize a savings account calculator to compare interest rates and select the most suitable option for your requirements before opening an account.

Robust security measures:

Online-only banks prioritize the security of their customers’ accounts. They implement advanced encryption technologies and multi-factor authentication to protect your sensitive information.

Additionally, they often provide real-time transaction alerts and allow you to set up personalized security preferences, adding an extra layer of protection. While no system is foolproof, online-only banks invest in maintaining a secure banking environment.

Cons:

Limited physical presence:

Unlike traditional banks, online-only banks lack physical branches. While this is an advantage in terms of convenience, it may pose a limitation for individuals who prefer in-person interactions for certain banking activities.

An online-only bank may not be the best fit if you frequently require face-to-face assistance, such as depositing cash or seeking personalized advice.

Dependence on technology:

Operating exclusively online means relying heavily on technology for banking transactions. While online-only banks strive to provide a smooth user experience, occasional technical glitches or system downtime can occur.

If you encounter any issues, you may have to rely on customer support or online resources. It’s important to consider your comfort level with technology and assess how it may impact your banking experience.

Limited range of products:

Online-only banks may have a narrower range of banking products and services compared to traditional banks. They often focus on core offerings such as savings accounts, checking accounts, and loans.

If you require specialized financial products or services, such as a mortgage or a safety deposit box, you may need to explore options with traditional banks or other financial institutions.

To wrap up

Opening an account with an online-only bank in India has its own advantages and disadvantages. If the benefits align with your requirements and you are comfortable with online banking, an online-only bank can provide a seamless and cost-effective banking experience.

Business July 6, 2023

Can B2B Appointment Setting Improve Lead Quality and Boost Conversion?

A business-to-business (B2B) sales lead is someone or an organization who can turn into a client. Understanding who has the potential begins with the B2B lead generation method of determining and appealing to our customer profile and Ideal Customer Profile (ICP).

Establishing the ICP is a critical task for sales and marketing departments since it contributes to generating high-quality B2B selling leads that can be converted into prospects. Someone can become a certified B2B sales lead when a Sales Development Representative (SDR) recognizes them as a suitable fit based on a set of requirements.

B2B Sales Lead to High Quality

Quantity is not always as crucial as quality in the B2B sales process. Growing the total quantity of leads might be detrimental to our organization but increasing the number of high-quality leads is vital to our success.

We can swiftly discover high selling leads with proficient B2B appointment setting services, which includes lead-qualifying process, increasing the pace of our selling process from the beginning to transform leads into customers.

Managing the value of B2B selling leads early in the sales process may assist prevent churn and enhancing client experience in the post-purchase stage.

Setting High-Quality Sales Leads

Update Our B2B Data List:

The quality of the lead list only supports our outbound marketing strategy. This means we need to update our B2B sales list in the following ways:

Configure the B2B Data List to The Target Audience: Find out whom our target audience is, and then analyze the behavior patterns of our existing customers based on our target audience. This ensures that communication is delivered only to the intended audience.
Use the Customer Data Platform (CDP): Create a new CDP to import the data, speed up sales, advertising, service, and customer management, and obtain real-time outcomes.

Get Expert Leads with Cold Calling:

There’s no question that we’ve reached a new period of technological progress in which many areas of our life will never be the same again, and this includes marketing and sales abilities. Of course, SDR is continuously developing, so keeping up with the current developments is critical. But even with sales creating new digital prospecting methods, cold calling is more effective than ever.

Follow these cold-calling tips to generate quality leads:

Be Prepared: Research potential customers and think about the best way to serve them. Also, prepare a script and practice for the dialogue. Choose a suitable time and try to demonstrate to potential customers that we value their time. I recommend not calling during lunchtime or on Friday before the weekend when it can be busy Monday through Thursday.
Avoid Being Too Persistent: Try to remain friendly and informal. Following up on the email, thank us for our time and ask for the next opportunity to discuss the details.

Set Up a Chatbot

A chatbot on our website may help convert cold leads into warm leads. It guarantees that our visitors receive highly tailored information at all times, day, or night.

The chatbot gathers information about potential clients, including identities, email addresses, contact information, etc. This saves the seller’s time and the company’s money.

Chatbots can communicate in the preferred language of our website visitors. Yes! Chatbots break down language barriers. Multilingual SDR is no longer a requirement. To address the demands of our worldwide visitors, all we require is an AI-powered chatbot.

Here are some tips for using a chatbot to find B2B leads on our website.

Choose Web Pages with Highest Conversion Rates: This ensures a high number of visits.
Select The Tone of Voice That Suits our Company: Friendly, polite, and clear language is the best choice.
Updates and Implements New Features: Chatbots, like some other online tools, must be adjusted regularly to fulfil the current demands of their users.

Create Crucial Content

Another excellent strategy to display products and services to potential clients is to create relevant and fascinating content. We can demonstrate the value of our products and domain expertise by writing helpful, informative blog posts, white papers, or case studies.

These simple tips can help drive traffic to our website and generate qualified sales.

Post-Related Topics: Make our content relevant to our audience when posting on social media or other channels. It could be something trending in our industry or an answer to a question from a potential customer.
Use Social Proof: It’s a powerful appointment setting services sales tool that helps us build trust to attract leads. Consider adding customer testimonials or testimonies to our landing pages or sharing them on social media.
Use The Correct Keywords: We can grab our audience’s attention using SEO best practices and catchy yet relevant headlines.
Create A Call-To-Action (CTA): The more relevant our content, the more likely our audience will use the CTA to take action.

Conclusion

Every B2B company prioritizes the generation of high-quality leads. SDRs can use a variety of effective tactics to generate more B2B sales leads, and new approaches to outperforming previous results emerge each year. Improve the effectiveness of our sales by reinventing outbound methods and employing reliable ways to produce the highest quality leads for our company.

Education July 5, 2023

How to keep yourself safe from Title IX?

Title IX clearly states that no one should be discriminated against on the basis of sex or be denied participation or benefits under any type of educational program or other activities. Therefore, it is evident that the onus to avoid sexual assault completely depends on people who commit such acts. Moreover, it is a well-known fact that victims should never be blamed for a sexual harassment incident but they too can take certain measures to avoid the risk of being the victim of such incidents. Below mentioned are some of the strategies recommended by education lawyer for Title IX that you can adopt to keep yourself away from Title IX:

Keep a check on your behavior: You should carefully monitor your sexual contact with other people and also ensure that you have full consent from the party involved. Moreover, you must also enquire about the boundaries of the other person and respect them at all costs. Furthermore, practice self-awareness and educate yourself about healthy sexual practices.

Do not get involved in such acts when drunk: Most of the time alcohol is associated with sexual harassment cases, especially during a college party or any other function. Hence, it becomes very important to keep in mind that under the influence of alcohol, you might not have control over your actions and that is why you should avoid getting physical with anyone when you are drunk.

Stay cautious when online: These days it has become quite easy for criminals to target anyone over social media. Therefore, you need to follow certain protocols when you communicate with a stranger over the Internet. Do not share pictures or other details without fully knowing about the other person.

Trust your instincts: Whenever you feel uncomfortable with someone’s behavior, do not hesitate to speak up and let the other person know about the discomfort that they are causing. If you do not speak in the first instance, it may boost the confidence of the other person and they may not stop.

Report such matters to the concerned authorities: If someone is making you uncomfortable, let them know about your boundaries. Even then if someone doesn’t stop, talk to the concerned authorities at the university. Every educational Institute has certain policies regarding Title IX that will not only help you fight against the accused but also keep you safe and secure on campus.

Finance June 17, 2023

Small-cap mutual funds: The high-risk, high-reward investment

A small-cap fund is an investment option of the equity category that invests in small-cap companies. As per SEBI (Securities & Exchange Board of India), businesses ranking 251 and beyond of market capitalisation are called small-cap companies. Such mutual fund investment provides a high growth potential over the long-term period. Their growth pace accelerates during favourable market conditions and during rough conditions, they demonstrate high volatility.

Why does a small-cap fund offer high growth?

As small-cap mutual fund spends on agile, promising, and smaller companies with high growth capacity, the potential of earning higher returns is even more. Small-cap companies basically show a rising economy. They can be small startups with attractive market runs owing to new services, ideas, and technology.

Additionally, small-cap companies provide considerable rewards owing to the growth in the prices of the shares over the long term. As many small-cap companies begin their stock market phase with low market share prices, they offer tremendous growth potential of overcoming their bigger equity category i.e., large-cap and mid-cap. Thus, despite their lesser market experience and smaller size, small-cap companies, occupy a vital place in the nation’s economy and may become the industry leader in the future.

Why do small-cap mutual funds have a higher risk?

Small-cap companies are inexperienced and might not endure the pressure of the market over the long term. Big-scale businesses often swallow the smaller rivals to maintain the leading market position. As an outcome, smaller companies may be acquired by bigger ones even before their maturity. Moreover, small companies may be prone to distinct market fluctuations, triggered by changes in governmental policies, both international and domestic. Hence, such market vulnerabilities can put small-cap funds at high risk.

Who can invest in small-cap funds?

Small-cap funds are prudent for those who can face potential losses from investments in the stock market and can explore small-cap mutual funds. You as an investor can even explore small-cap funds to avail long-term growth as smaller companies usually take more time to mature.

There are many Indian businesses that began young and went on to grow into big entities. So, it can be rewarding over the long-term period. While mutual fund managers make it a point to consider the risk attached to small-cap companies before investing your money in them, you also as a retail investor must conduct your little research on the ground level to opt for the small-cap funds investing in apt companies of your preference.

For example, sound monetary management and the strength of a company are vital for sustenance in the market. Often small-cap companies have limited fund reserves and hence a pragmatic liquidity reserve is essential. Apart from this, you as a retail investor must even look at the fund’s operating margin, sales, quality management and profits.

Note that once you have zeroed in on a preferred small-cap fund, you must use an online SIP calculator to determine the monthly contribution you can make to attain your financial goal by the deadline.

Technology June 6, 2023

Know the benefits of a Trusted Personal Finance Affiliate Program?

A personal finance affiliate program is a kind of referral marketing program. In this case, you need to educate people about the personal loans offered by the bank running this campaign. When a borrower shows interest in the loan, you must help the individual apply for it and submit the necessary documents.

With every successful loan disbursal, you can receive a percentage of the loan amount as monetary compensation for your referral service. A top personal loan referral program in India is the IDFC FIRST Bank MyFIRST Partner Program. Let’s learn about the benefits of joining such a trusted personal loan affiliate program.

High referral money

Let’s use the IDFC FIRST Bank MyFIRST Partner Program as an example. If you can successfully encourage a borrower to apply for a personal loan from the bank, you can get 1.5% of the loan amount as an impressive payout. If you keep performing well, you can earn over ₹50,000 monthly.

The money you earn from your referral services can help you fund a side business, a trip, your sibling’s education, the medical expenses of ageing parents and various other needs.

Weekly payouts

Every week, you can earn money by referring personal loans from IDFC FIRST Bank. You will have the payouts credited to your bank account directly for ease of withdrawal.

One app, many uses

You can refer Personal Loans, Used car loan, Loan against property & Business loans. So, it is a consolidated app for multiple products to refer

Great rewards

The personal finance affiliate program rewards you in various ways if you perform brilliantly at the zonal, regional, national or branch level. These rewards include electronic gadgets, cash bonuses and more.

Simple eligibility

You must be an Indian citizen above 18 years of age and hold an account in an Indian bank to qualify for this referral program. The simple eligibility criteria allow professionals as well as students to earn money by referring loans.

Flexible working hours

There are no fixed timings or work hours for this program. You can dedicate your time to this referral service whenever you’re available. Just make sure to put in strategic efforts to boost your performance.

Simple digital process

You need to perform a few simple steps as follows once you find someone willing to apply for a personal loan from IDFC FIRST Bank:

Download the IDFC FIRST Bank MyFIRST Partner App
Upload your photograph
Upload all the required documents and personal details of the borrower
Provide your bank account details to get payouts
Verify the received OTP to complete the registration process

Once registered for the personal finance affiliate program, you can start generating leads.

No investments

You need not make any investments to join this referral marketing business. You must have a smartphone and a stable internet connection to earn money by referring.

Wait no longer and download a trusted loan referral app like the IDFC FIRST Bank MyFIRST Partner App today to earn money online from anywhere or while travelling. You can even encourage your friends to join this program. At present, over 6 Lac+ partners are associated with the programme and reaping its benefits. Start today!

Education May 17, 2023

Startup Studio Insider Shares How Startup Studios Help Scale New Businesses

Starting a new business can be quite a formidable undertaking. Entrepreneurs face an abundance of challenges, ranging from developing a product and building a brand to finding customers, hiring the right team, and securing funding. These obstacles can be overwhelming, even for the most talented and experienced entrepreneurs. But there’s good news. Enter the world of startup studios.

What is a Startup Studio?

So what exactly are startup studios? Startup studios, also commonly referred to as venture studios, are organizations that aim to help entrepreneurs turn their ideas into successful businesses by providing support throughout the entire startup process, from concept to launch and beyond. You may be familiar with incubators and accelerators, but startup studios have a different approach.

Startup Studio Benefits: Help Scaling Businesses

Unlike traditional incubators and accelerators, startup studios are unique because they create and launch their own startups internally. Studios have teams of experts in different areas of business development, including marketing, finance, operations, and product development. These teams work closely with founders to build and scale their businesses, providing invaluable support that helps them navigate the often perplexing process of starting and scaling a business.

Working with a startup studio can provide numerous benefits for founders. Let’s take a look at some benefits the startup studio business model provides, and look into how each of the benefits help founders scale their businesses effectively.

Experienced Teams

Perhaps one of the most significant advantages is the access to experienced teams that startup studios provide. These groups of professionals who have worked with multiple startups before know what it takes to build a successful business. They can offer guidance and support throughout the process, giving founders access to a wealth of knowledge and expertise that they may not have otherwise. Founders are able to trust the experienced teams to execute tasks while also providing their strategic insights.

For example, a startup studio may have a team of experienced marketers who can help a founder develop a scalable marketing strategy. Team members may have experience with social media advertising, content marketing, and email marketing, and they can help a founder develop a strategy that is tailored to their business. This level of support is crucial in today’s competitive business environment, where the right marketing strategy can make or break a business.

Access to Data

In addition to experienced teams, startup studios have access to vast amounts of data on market trends, customer behavior, and industry best practices, which prove invaluable for founders who are trying to break into a new industry or market. Startup studios can use this data to help founders make informed decisions about their startups, which is crucial for success.

Access to in debt data helps founders truly understand if their product is filling a market gap, and who their target audience is. This data helps founders make educated decisions, helping them grow their customer base and scale their business.

Mentorship

Mentorship is another significant benefit of working with a startup studio. Mentors can help founders avoid common pitfalls and mistakes, offering guidance and support when they face tough decisions or challenges. Having a mentor who has been through the startup process before can be a game-changer for many founders, as they can provide insight and advice that is hard to come by elsewhere.

A founder who is looking to scale their business, for example, may be facing decisions about hiring new team members or expanding into new markets. A mentor who has been through this process before can provide guidance and support, helping the founder make informed decisions that will support growth and prevent mistakes.

Help Securing Funding

Access to funding is another considerable advantage of working with a startup studio. Startup studios often have strong relationships with venture capitalists, angel investors, and other funding sources that may not be available to individual founders. Since securing funding is often one of the most difficult aspects of scaling a startup, gaining access to these sources may prove a boon to your business.

Since startup studios have relationships with venture capitalists who are interested in investing in startups in a particular industry or market, they can introduce founders to these investors, providing them with a valuable opportunity to secure the funding they need to scale their businesses. This funding helps businesses grow and expand further into the market.

Community of Support

Finally, working with a startup studio can provide founders with a sense of community and support. Starting a new business can frequently feel like an uphill battle, and founders may feel overwhelmed by the challenges that come their way. A startup studio can provide a supportive community of like-minded entrepreneurs who are facing similar challenges. This can prove indispensable, as it can provide founders with a sense of camaraderie and support as they navigate the ups and downs of building a business.

Overall, working with a startup studio can provide a wide array of benefits for founders. From experienced teams to mentorship to access to funding, startup studios can help founders scale their businesses with the help of startup studios. And with the startup studio business model, founders can benefit from a streamlined and efficient startup process, collaboration and expertise, and flexibility and adaptability. For more insights into the benefits of this unique business model, visit Startup Studio Insider (startupstudios.com).

Finance April 18, 2023

Types of banks you can open a savings account in

When it comes to managing your money, opening a savings account with a bank is a great option. Savings accounts provide a safe and secure way to store your money and earn interest on your deposits. However, with so many different types of banks, it can be overwhelming to determine which one is right for you.

Here are the different types of banks you can open a savings account with:

Online banks

Online banks, also known as digital or virtual banks, are financial institutions that operate entirely online. These banks offer financial services such as savings accounts, loans, credit cards, and investment accounts, available through their website or mobile app.

Online banks can be a good option for people who are prioritising convenience and flexibility in their banking experience. If you are comfortable with online banking technology and do not require in-person support, an online bank may offer the services and features you need to manage your finances effectively.

Public sector banks

Public sector banks are owned and operated by the Government of India. These banks are among the largest and most established in the country, with a wide network of branches and ATMs. Public sector banks often offer a range of financial services, including savings accounts, loans, and credit cards.

One advantage of opening a savings account with a public sector bank is the security and stability that comes with government ownership. These banks often offer competitive interest rates and may have lower fees than others.

Private sector banks

Private sector banks are owned and operated by private companies. These banks are often more customer-focused and may offer more personalised financial solutions. Private sector banks often offer various financial services, including savings accounts, investment accounts, and credit cards.

One advantage of opening a savings account with a private sector bank is the personalised attention and tailored financial solutions designed to meet your needs. Private sector banks may also offer higher interest rates and better customer service than public sector banks but at the same time they may also charge higher fees.

Regional rural banks

Regional rural banks are financial institutions set up specifically to cater to the banking needs of rural areas. Regional rural banks are typically a partnership between a public sector bank and a local sponsor. These banks often offer a range of financial services, including savings accounts, loans, and insurance.

One benefit of opening a savings account with a regional rural bank is the accessibility and convenience of having a branch in your local community. These banks often offer specialised financial solutions tailored to rural areas’ needs, such as agriculture loans and crop insurance.

Foreign banks

Foreign banks are banks that are headquartered outside of India but have a presence in the country. These banks often have a global perspective and may offer more diverse financial products and services. Foreign banks often offer various financial services, including savings, investment, and foreign currency accounts.

One advantage of having an account with a foreign bank is that they might have a wider global network that may come in handy when you are travelling overseas. These banks may also offer specialised financial solutions that are unavailable with other types of banks.

Conclusion

There are many different types of banks to consider for opening a savings account, each with its own unique features, advantages, and disadvantages. Researching and comparing different banks before opening a savings account is important to ensure you choose a bank that meets your needs.

Health March 16, 2023

How To Avail Top-Up Plans To Extend Your Health Insurance Coverage?

An indemnity plan known as a health insurance top-up offers consumers an employer-sponsored mediclaim policy or an existing health insurance policy additional medical coverage. Even if a person has used up all of the insurance coverage under their standard health insurance policy, it still enables them to get their medical expenditures paid for. A top-up plan, on the other hand, has a mandatory deductible and only offers coverage when the insured has paid the deductible sum. *

Let us understand what is top-up in health insurance with an illustration. If your current policy has a 5 lakh rupee amount assured limit, and you purchase a 7 lakh rupee top-up plan. Use your top-up plan when your current sum insured has run out. In other words, if you have a claim for Rs. 8 lakh, Rs. 5 lakh will come from your basic sum assured and Rs. 3 lakh from your top-up plan. And the remaining sum must be paid out of your own pocket if the claim you submit is for more than 12 lakh. *

Features and advantages of top-up health insurance plan

Easy to convert to a minimal health plan
You can add your kids to the same plan if both parents have coverage.
Hospitalisation costs, including physician fees, room rentals, doctor fees, and other costs, are not subject to restrictions or sub-limits. *
Some plans additionally provide a family concession. This includes the policyholder, their spouse, any dependant parents, and up to a certain number of children. Parents are going to be covered under their own family floater plan.
Get a cumulative bonus on the amount insured for each year without a claim (up to a specified percentage) *
A 15-day free-look period is available following the date the insurance was purchased.
Policies might be issued for one to two years (depending on the insurer)
Pre-medical testing is not necessary until a certain age.
There is a lifetime renewal option available.
Using section 80/D of the Income Tax Act, you can receive tax benefits on the insurance premium you paid. **

What does a top-up health insurance plan cover?

The scope of coverage differs between insurance companies. But typically, you can gain from the following advantages:

Compensation for in-patient hospitalisation costs, such as nursing and boarding fees, room rental fees, physician fees, OT fees, oxygen costs, prosthetic device or equipment insertion costs during surgery, blood costs, diagnostic tests, and other comparable costs.*
Prior-hospitalisation costs 60 days before admission to the hospital
Post-hospitalisation costs must be covered within 90 days of discharge.
Daycare operations that don’t require more than a day in the hospital Organ donation charges may be covered by some health insurance plans
Up to a certain amount, emergency ambulance costs will be paid.
Additionally, some insurers offer a cumulative bonus when renewing a policy. *
Domiciliary care costs, as recommended by the doctor

When is a top-up health insurance plan appropriate?

In top-up health insurance plans, a single hospitalisation cover is typically offered. When your hospital bill exceeds the deductible cap, your health insurance top-up plan comes into play (during the hospitalization).

The disease will be treated as a single illness if a relapse occurs within 45 days of discharge. Additionally, if a patient is readmitted to the hospital after 45 days following discharge, it will be considered a new sickness.

How do I choose a supplemental health insurance plan?

Higher deductibles are an option if you want to choose an economical plan. You must keep in mind that there is no overlap in the advantages when purchasing health insurance top-up plans. Don’t forget to verify the waiting period for pre-existing medical problems, pre- and post-hospitalisation expenses covered, single sickness deductible requirements, maternity coverage, etc.

* Standard T&C Apply

** Currently, there are 2 tax regimes in India – new and old. To get the tax benefit you desire, choose the correct one after consulting an expert. You can opt for a regime change during the next financial year.

Insurance is the subject matter of solicitation. For more details on benefits, exclusions, limitations, terms, and conditions, please read the sales brochure/policy wording carefully before concluding a sale.

Subscribe to Bajaj Allianz General Insurance YouTube Channel here!

Finance March 16, 2023

Bike Insurance: Types of Policies & Their Benefits

We can see that there are more automobiles on the roadways every day. Due to the rise in traffic accidents caused by this, securing your vehicle is more important than ever. Even if you are confident in your driving abilities, accidents are unpredictable, and the damage they cause would necessitate expensive repairs that would come out of your own wallet. You no longer need to do that, though, as there are plans available for bike insurance online that provide complete financial security.

Numerous policy types to look out for:

Depending on your needs, you can select a third-party or comprehensive policy when buying or renewing a two-wheeler insurance policy:

1) Liability to third parties

This policy covers damages to the person or property of a third party. According to the Motor Vehicles Act of 1988, a bike must have third-party insurance. The Supreme Court recently ruled that you must get a five-year third-party liability protection when you buy a new bike.

2) A thorough policy

A comprehensive plan, as opposed to third-party insurance, enables you to claim your own damages and third-party liabilities. Additionally, it offers protection from both – natural and man-made disasters, including theft, floods, vandalism, cyclones, earthquakes, etc. If your vehicle is stolen, you will be compensated according to its insured stated value (IDV). You have the option to alter the plan to meet your needs by choosing add-on covers. *

Advantages of purchasing bike insurance online

1) Abundant resources

The insurance provider will give you coverage if your car sustains any damages due to accidents, theft, or even man-made disasters. Accidental damage is also covered. Because you can never be sure when you may need the coverage and extra financial protection, you must always maintain insurance.

2) Coverage for personal injury

The standard third-party coverage won’t cover your car’s damages. To be covered for vehicle repairs, you must get a comprehensive policy. If it is insufficient, you can always supplement the standard coverage with add-on covers like Zero Depreciation, Consumables Expense, 24-Hour Roadside Assistance, etc. Then you can claim bike insurance when you need it, to bail yourself out of any trouble.

3) Adhering to the law

When riding a bike, carrying your insurance documents is just as crucial as donning a helmet and having your licence with you. You will be in trouble with the law and risk severe fines or even jail time if you are found riding a bike without insurance or with one that is expired or invalid.

4) Protection from third-party liability

You are obligated to compensate for any harm you cause a third party. Without insurance, you would be responsible for covering the costs of the damages. If such a cost arises unexpectedly, some people might be unable to cover it. All of this is covered by third-party insurance. However, you must be familiar with the procedure before you submit an insurance claim. Now, you can access it online on the website of the insurance company.

5) No-Claim Bonus (NCB)

Most consumers shy away from getting bike insurance coverage because they believe that the rates will be high. However, you are not required to pay the entire cost each time you renew your insurance. You qualify for a concession on your premium amount in the form of a No-Claim Bonus if you do not file any claims during the term period (NCB). You can expect to obtain a maximum concession of 50%. *

Compare several policies online, then see which insurance provider offers you the best discounts to ensure you get the most out of your bike insurance coverage. If you want bike insurance, check online, and you may acquire quotations in just a few clicks by using an internet application of a two-wheeler insurance premium calculator.