January 6, 2017

MoneyMindz

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SAFEGUARD YOUR LOVELY HOME WITH THE HOME INSURANCE

MoneyMindz.com India's First Free Online Financial Advisory

MoneyMindz.com India’s First Free Online Financial Advisory

Welcome 2017 and make your house a wonderful place. A unique insurance introduced in order to protect your house, dwelling against any damages is the home insurance. Furthermore, the home insurance is good in offering, protection to the family members in India.

Moneymindz is having financial advisor to guide in home insurance.

Need of the Home Insurance in India:

Home insurance is the major component consisting of content insurance, dwelling coverage insurance and building insurance. Let’s analyse the concepts:

Building Insurance: A unique policy covering damage to your building components like roof, walls, floors, fixtures, fittings, components in kitchen is known as the building insurance.

Dwelling Coverage Insurance:  A procedure, where repair of house, take place and it consists of plumbing, electrical repairs, working on garage, shed, fencing, expanding storage needs, garden set up, fountain set up, terrace repairs, dwelling coverage, fire protection, security systems and others, comes under this feature.

Content Insurance:  A unique cover given for the commodities/goods/items of the individual house is the Content Insurance. It covers items like furniture, curtains, radio, carpets, vessels, cycle, bikes, cars, electrical appliances, cameras, microwave ovens, jewellery, clothing, TV, sporting equipment’s, toys and others. Your friend’s items do not get included in the terms and conditions of content insurance. It is only good for home owners and tenants. It consists of replacement value and the old for new items.

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What Is Coverage Required For Me?

The home insurance coverage required for a person is influenced by the following:

·        Nature of house you live in.

·        Cost of your house.

·        Location of your house.

·        Value of your property/asset.

·        Cost of rebuilding house if you suffer from any loss.

Standard Features Of Home Insurance Policy:

The standard features of the home insurance policies in India are as follows:

·        Covering the cost of entire house.

·        Offering cover to additional structures.

·        Replacing/compensating your lost belongings.

·        Protection against property damage/ injuries to member of the house.

·        Covers additional living expenses.

·         Installation, removal and repairs of sprinklers.

·        Protects against water leaks/seepages.

·        Bursting and overflowing of water tanks, pipes and apparatus.

·  Protects your jewellery, musical instruments, and antique pieces with all risk coverage.

·     Coverage against riots, fire accidents, burglary, floods, terrorism and the natural calamities.

·        Deals with the medical payment coverage, resulting from an accident.

·        Offering proper roof and wall replacement.

Advantages of Home Insurance:

Various advantages of the home insurance are as follows:

·        Helps in protecting your personal property against any damages.

·        Your investment is protected.

·        Offers the ultimate peace of mind and makes you stress free.

·        Purchasing more than one policy from same insurance company will make your discount very higher.

Disadvantages of Home Insurance:

·        On an average, the premium of home insurance is very high.

·        Jewellery cost coverage is high.

·        Does not cover terrorism, flood and some natural calamities.

·        Do not cover freezing and plumbing related issues.

 

So, What are you waiting for?. Get your house insured right away by giving a missed call at 022-62116588.

TO KNOW MORE ABOUT HOME INSURANCE:

Give Missed Call on

022 – 62116588

If You Give A Missed Call On Above Number MoneyMindz.com India’s First Free Online / On-call Financial Advisory Financial Planner Will Contact You Freely.

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FINEST WAY TO UNDERSTAND THE PERSONAL LOANS

MoneyMindz

MoneyMindz.com India’s First Free Online Financial Advisory

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MoneyMindz.com India's First Free Online Financial Advisory

MoneyMindz.com India’s First Free Online Financial Advisory

Start the New Year 2017, with the bang. The word ‘personal loans’ is the loan taken to satisfy your personal needs. Planning holidays, wedding expense, renovation of the house, computer comes under personal loans.

Meaning of personal loans will change according to situation for many people in India. Moneymindz always offers unbiased financial advice to customers in India, regarding personal loans. Certain basic rules help the people in India to stay on track and reduce the complications attached to personal loans.

Some of the rules before taking up personal loans are as follows:

Please Organize Yourselves: You need to analyse details like the amount to be taken, mode of payment, type of bank, due date and others. By doing this you will tell goodbye to your financial worries.

Don’t Sacrifice Your Desires: Remember, your family is most important component of your life. You need to be financially organized and divide budget in a logical fashion.

For example: If you are having car, then purchasing another car is not correct. You will invest in some other, and this is a good move.

Do Not Purchase Costly Items:  You must be very careful and do lot of ground work, before taking any personal loans. Purchasing expensive things like car, statue, is not a good move.

Finally It’s About You: People in India love to give advice, and share opinions. The concept that worked for your father/mother does not work for you. One needs to do research on financial topics, savings, spending and investment techniques. 

Vital Points To Be Taken Before Applying For Personal Loans:

The major points to be considered before applying for the personal loans are as follows:

§  You need to check your CIBIL (Credit Information Bureau India Limited) score.

§  Repayment period of personal loan is between 1 to 5 years.

§  You must know the Annual Percentage Rate (APR).

§  Check offer document carefully.

§  Ask for personalized loan quotes from at least three banks.

§  Check, whether banks are offering loan on flat interest rates.

§  You need to see the market, check interest rates, and prepayment charges and other conditions.

Documents Required:

The documents required to take up personal loans are as follows:

§  Salary slips for the last 12 months.

§  Your company ID card.

§  Bank statement for last 3 months.

§  Cancelled cheques leaves.

§  Address proof documents like electricity bill, ration card, passport.

So, speak to our certified financial planners at Moneymindz to know about the personal
loans by giving a missed call at 022-62116588.

TO KNOW MORE ABOUT PERSONAL LOANS:

Give Missed Call on

022 – 62116588

If You Give A Missed Call On Above Number MoneyMindz.com India’s First Free Online / On-call Financial Advisory Financial Planner Will Contact You Freely.

Read more

WHY ENDOWMENT PLAN IS GAINING MOMENTUM ?

MoneyMindz.com India's First Free Online Financial Advisory

MoneyMindz.com India’s First Free Online Financial Advisory

A unique plan created in order to offer a huge amount after a certain term period, or death of a person is known as the endowment plans. Specific period of the plan would range from 5, 10, 15, 20 years and above. The formula revolving around creation of the endowment plan will consist like:

Insurance + Savings = Endowment Plans

Moneymindz is equipped with finest financial advisors available to give guidance to customers in India about endowment plans.

Need For Endowment Plans:

Indians, unfortunately do not have foresight like the people in the western world. Endowment plan play a major role in enhancing our efforts in doing the planning and foresight. Endowment plans are the best plan, consisting of various investment aspects. Some of the two events surrounding endowment plans are:

§  Death benefits covering life of the insured person.

§  Maturity benefits, if insured survives the policy term.

Kinds Of Endowment Plans:

Some of the types of the endowment plans are given below as follows:

1.    Full Endowment Plan: One of the best plan, where in you will be assured with the basic sum assured. Amount, you get at the end of maturity will depend on annual growth rate. Premium amount will be credited to company account and bonus will get added to the account. Hence the amount you get will be higher than assured fund.

2.     Unit Linked Endowment: There is a chance of life coverage and savings is invested in market shares.

3.  Low Cost Endowments:  A vital kind of endowment policy designed, to pay sum assured plus genuine bonuses. It is offering guaranteed minimum death benefits. They offer lump sum amount, during the death of policyholder, or during maturity of the policy.

4. Unitised With Profit Endowment: A unique profit scheme, where in a particular value is guaranteed to obtain the minimum return amount. 

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Advantages of Endowment Plans:

Some of the advantages of endowment plans are as follows:

§  It is good in offering the dual benefits of long term investment and insurance.

§  Most of the endowment plans are very straightforward and problem free.

§  You develop a logical/disciplined approach to savings, by making certain payment within a specific time.

§  Your returns will be awesome during the policy periods.

§  Various policyholders take loan against any endowment policy.

§  Double tax benefits as per income tax act, under Section 80 C.

§  Good in offering the ultimate level of flexibility.

§  Comes with additional facilities to policyholders like higher education, marriage, medical assistance and others.

Disadvantages of Endowment Plans:

Negatives of the endowment plans are:

§  Endowment plan offers low returns.

§  premium amount is very high.

§  Surrender value of policy is lower than the premium amount.

Hence, one can feel secure with quality endowment plans in India. 

TO KNOW MORE ABOUT ENDOWMENT PLAN:

Give Missed Call on

022 – 62116588

If You Give A Missed Call On Above Number MoneyMindz.com India’s First Free Online / On-call Financial Advisory Financial Planner Will Contact You Freely.

Read more