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Category: Finance Business

Read The Risks Involved While Driving A Car Which Has An Expired Policy Or Is Uninsured

As per the Motor Vehicles Act, 1988, it is mandatory for all motor vehicles plying on public roads in India to have a motor insurance cover. Still, the research suggests that as many as 60% of the vehicles on the roads do not have a valid insurance cover. Driving without an insurance policy can lead to many unfortunate consequences, including the ones listed below.

Read The Risks Involved While Driving A Car Which Has An Expired Policy Or Is Uninsured

Penalties and legal fines

As per the latest regulations, heavy fines have been proposed for driver caught without valid insurance under Schedule III of section 305 of the Motor Vehicles Act, 2016. These are:

Two-wheelers: Rs 10,000

Light motor vehicle and three wheelers: Rs 25,000

Other categories of motor vehicles (including cars): Rs 75,000

Other legal complications

Getting caught without a valid motor insurance policy on multiple occasions can lead to your driving lisence being suspended. The authorities could also suspend your vehicle registration. The enforcement agencies also have the right to seize your vehicle, and in extreme cases, an offender can be imprisoned by a court for up to 3 months.

Third party liability

If you are involved in an accident, other parties can sue you for damages that they sustain because of you. Typically, your insurer would handle any payments resulting from such incidents. But, if your vehicle is uninsured, you will have to bear the cost by yourself. Additionally, you will also have to arrange for any legal advice you may need. In case of accidental death of the other party, the compensation you have to pay may be much higher.

Damage to self

Your car may also suffer damage in an accident. If you do not have an insurance policy, you will have to bear all the repair costs yourself. Further the case of total loss or theft of the vehicle – all your investment in the car is gone.

Loss of no claim bonus

If you do not renew your car insurance policy on time and let it expire – you will lose the no claim bonus that you have accumulated. NCB can be as high as 50% of your premium amount. … READ MORE ...

How the Find the Perfect Mortgage Lender For You

How the Find the Perfect Mortgage Lender For You

If you are thinking about purchasing a home, one of the first steps is to get approved for a mortgage. There is a process that you should be taking here though as well. Not only do you want a good interest rate, you also want to work with a professional that is trustworthy and that can guide you through the entire process. Keep reading as we talk about how to find the perfect mortgage lender for you.

The first step is to have your credit score as high as possible before even seeing the mortgage or lender or speaking with them. This will allow you to bargain more with them because you have more power. This will also allow you to get a better rate as well as look like a more trustworthy adult that will pay them back in the future.

The next tip is to do your homework when it comes to getting a mortgage. What will you be able to negotiate? What will the entire process look like? By understanding more about it, you will be able not be walked over by any company and instead feel confident when speaking with potential mortgage lenders.

Next, you want to get preapproved for a mortgage. This will increase your chances of getting accepted later on and with the preapproval letter, you will be able to be taken more seriously by others.

How the Find the Perfect Mortgage Lender For You

It’s now time to compare rates of different Idaho banks. This will allow you to know who to speak with, who to avoid, and who to book an appointment with to speak further. If you are feeling unsure of how to find different mortgage lenders, you can jump online and do a search. You can also ask a friend who they used if you have any friends or family that recently purchased a home. You can also look up reviews online while you are there too.

Our final tip is to ask the right questions and always read the final print when you are speaking with potential mortgage lenders. Although you want to put your best food forward so you are approved, you also should understand they are doing you a service and you need to look out for anything you need to ask additional questions about. Although there will be a fee, what does it include? Will there be any additional fees? Before your meeting, write down a bunch of questions you want them to answer. You can write them down so that you don’t get confused with which mortgage lender said which. You can always ask them questions to help you clarify the entire mortgage process too. They are the experts, it’s what they are there for.

As you can see, there is some homework that should go into finding a good mortgage lender for you and your family. It may not happen overnight, but if you go through these steps you will not only get a better rate, but you will be a … READ MORE ...

$20 Down Car Insurance Benefits

$20 Down Car Insurance Benefits

In general, there is a plethora of insurance services that offer you a $20 down payment car insurance. A major advantage that you get when discovering great opportunities through browsing the web is that you would be able to get a customized insurance policy. The greater part of these arrangements can be found on the web, yet operators can likewise enable you to get this low cash down the scope. This includes the approach write, scope, and deductible sums, notwithstanding payment designs.

Arrangement required

A noteworthy preferred standpoint of looking at sites online is that you can construct the kind of arrangement you require, which incorporates the sort of scope, points of confinement and payment alternatives. There are a few organizations which give $20 down payment car insurance approaches and the best place to discover them is the web. Since you know how to get no down payment auto insurance on the web, you have to pick the kind of arrangement that best fits your requirements.

Important factors:

Be that as it may, to find them effortlessly, you may need to exploit authority administrations given by a reputable national car insurance specialist organization on the web. This kind of arrangement will give repayment on any harm to your vehicle, up and to as far as possible, in case the driver who is guaranteed is to be blamed in the event. Such a privilege may allow you to save valuable time, as well as, valuable money.

In events like this, which have practical experience in shabby direct rates, you can even fit the bill for no cash down strategy, which is great for those who are briefly in a destitute circumstance. You can apply and get free non-restricting $20 down payment car insurance cites from first-class vehicle guarantors from the comfort of your home. These low-down approaches accompany regular higher premiums. So, you can, over the long haul, wind up paying more than the actual arrangement.

Effective features:

A lot of choices can be investigated amid your search for a minimal effort quote that fits your particular driving needs and requirements. This can be a reasonable arrangement, however, suppose you are briefly low on reserves since you’ve quite recently purchased a car and need to get secured as inexpensively as possible under the circumstances. A large portion of the insurance suppliers may likewise offer great month to month premium payment designs which are simpler to oversee and manage.

These types of scopes that will pay for individual property damages in an event you were ruled as responsible. You can choose the right premium payment alternative for your circumstance. Most organizations do this since they need your long-haul business. Online shopping is the way to find out the best cash down auto insurance no money up front quote on the web. They may suffer a shot in the present by offering these low upfront payment alternatives.

Various services:

Things can be easier in case you get help by a reputable and experienced … READ MORE ...

Initiate Savings with Recurring Deposits

Recurring deposits are a good starting point for those who wish to create regular savings and also earn good interest on the same. This article looks at the benefits of RD accounts for your financial health.

As a new investor, you are justifiably cautious about spending money on risky investments that might tank. You are always on the lookout for fail-safe options in stocks and bonds, but most market-linked opportunities always come with an underlying element of risk.

It is time to turn to a simple, affordable and quite safe option: the recurring deposit.

Initiate Savings with Recurring Deposits

What is a recurring deposit?

A recurring deposit or RD account is a simpler version of the fixed deposit. In a fixed deposit, you set aside a lump sum amount of money in the account, and it is paid a particular rate of interest throughout the deposit cycle. At the end of the deposit tenure, the money is returned to you with the interest earnings on it.

However, in a recurring deposit, you deposit equated monthly sums towards a larger whole. You can open an RD account if you have a savings account with your bank and a proven source of monthly income (since the deposit is auto-debited from your account every month). It is a more affordable form of investment than the fixed deposit, since you can pay as little as Rs 2,000 per month towards the account.

Leading banks in India offer competitive recurring deposit interest rates. You can check the recurring deposit interest rates being offered for certain tenures, and the minimum deposit amount to be paid monthly, on your bank’s smartphone app or website.

How does it help your finances?

* It encourages you to save. Though each of us would like to save a part of our income every month, it can become difficult to do so when there are several expenses competing for a share of your salary. However, since the RD money is auto-debited from your account every month, no further intervention is needed on your part. Thus, money is automatically saved easily.

* It is affordable and safe. The recurring depositis more affordable than most conventional investment options, with a good payoff. The recurring deposit interest rate remains constant throughout the deposit tenure, irrespective of market rate changes. So, you can calculate the RD appreciation even before you make the investment, by using an online RD calculator. * It is highly liquid.There may come a time when you need money for an emergency. The RD account can be liquidated easily during a financial crisis, and the money is deposited in your account the same day when the bank receives your termination request. However, you are not paid any interest on premature termination of the recurring deposit account. … READ MORE ...

The Career and Successes of Erjon Dobi

The Career and Successes of Erjon Dobi

Erjon Dobi, born in Durres on March 25, 1992. He has completed studies in the United States for an 8 year period from 2006 to 2014. He studied at the reputable Middlesex School, located in Concord, Massachusetts, and then graduated from the University of Richmond, Richmond, Virginia with an average of 9.5 in Business Administration Degree with a focus on Economics and Finance.

Since he was a student, he was able to demonstrate his skills, becoming one of the students highly honored by the academic staff, as well as by his colleagues. He was a member of the Student Managed Investment Fund, where he has managed, together with the group, a fund of more than 500,000 USD.The funds were invested in the US stock market.

In the course of the management period, the fund increased by 18% as a result of efficient investments. Erjon Dobi was also member of the School’s Economic Team and member of the Student Business Association. In the summer of 2014, Erjon returned to Tirana to start a professional career, as an honored student by professors and the university staff.

After returning to Tirana, now with a rich background, in 2016, Erjon has been appointed as the CEO of Dobi Management Shpk. In 2018,  this company listed assets worth over EUR 11,000,000. In addition to being the CEO of Dobi Management Ltd, Erjon Dobi is also the Financial Manager / Member of the Board of Directors for InfoSoft Office Ltd.

InfoSoft Office, founded in 1996 as part of InfoSoft Group, is specialized in meeting the needs of office materials, stationery products, and printing consumables for every market segment. The company is the leader in the Albanian market with over 20 years of experience, thanks to the professionalism and commitment to provide premium-grade products for a broad customer base.

Moreover, he is also the Special Projects Manager / Board Member of the company Algrafika Ltd. Established in 1999, Algrafika is the largest paper distributor in Albania. The company supplies paper and cardboard with over 300 shippers in the Albanian market, as well as various clients in Greece, Kosovo, Montenegro, Isareal, Macedonia, Etc. Over the years, Algrafika has established strong connections with the world’s largest paper making companies, allowing it to bring innovative products to the market with the best quality-price ratio. Furthermore, Dobi has contributed widely in the process of company growth.

Check out one of the successful investments of the company in the following link:

https://www.youtube.com/watch?v=FcAa0B6Gr50

READ MORE ...