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In India, it’s mandatory for all two-wheeler riders to hold a valid insurance policy. Let’s take a look at the three main forms of bike insurance in India.

Coverage of Medical Expenses: When you have a valid medical insurance plan, the insurer takes care of your medical bills. The insurance company pays for medical procedures, inpatient charges, ambulance charges, up to a certain limit, depending on the coverage offered by your chosen health plan. 

Health insurance is a type of insurance plan that covers medical expenses. The expenses include doctor fees, surgery costs, hospitalisation costs, medicines, and much more. Health insurance is a type of insurance plan that covers medical expenses. The expenses include doctor fees, surgery costs, hospitalisation costs, medicines, and much more. Everyone wants to live a healthy and illness free life. Yet, no one can predict when an unfortunate illness may occur in the family. Nor can one predict the severity of the illness. Medical costs in India have risen sharply in the last few decades. Today, even a minor surgery costs around tens of thousands of rupees. Paying for medical treatments out of pocket places a huge financial strain and can even drain your entire life savings. This is where health insurance comes into the picture. Health insurance is a living benefit – it offers you financial assistance during times of dire need. When you purchase a health insurance plan, you generally pay an annual/monthly premium. The premium varies depending on the type of plan, coverage, and sum assured. During an illness or medical emergency, the insurer pays the cost of medical bills directly to the hospital or reimburses you for the expenses you have incurred. It’s highly beneficial to take a health insurance plan, when you are young and healthy, as the premium costs are low. Make sure to evaluate the different types of plans, compare health insurance providers and choose the best plan that fits you and your family’s needs.

This plan is designed to cover the medical costs of an individual. The insurance company pays for the medical bills of the policyholder. Also, known as a mediclaim plan, it’s the basic form of health insurance.

There is a common assumption that there are three types of life insurance policies but in fact in India we have a total of six types of life insurance policy.

It acts as a financial cushion to your family, even when you are no more. On the demise of the policyholder, his/her family receives a lump sum + bonus from the insurer.

Gold loans are a type of secured loan provided by IOB (Indian Overseas Bank) against gold ornaments and jewellery, submitted as collateral. The gold is pledged as security and is returned back once the borrower repays the whole loan amount that is due. 

Gold loans are a type of secured loan provided by lenders against gold as collateral. The gold is pledged as security and is returned back once the borrower repays the whole loan amount that is due. With the help of an online EMI calculator you will be able to find out how much EMI is to be paid approximately, for the borrowed loan amount. An EMI calculator will help you try different interest rates, tenures and principal amount combinations to find an approximation of the total loan amount to be repaid along with the interest payments.  

Gold loans are a type of secured loan provided by lenders against gold as collateral. TMB provides jewel loans and under that category comes Agriculture Jewel loans, Agriculture Jewel Loan with Interest Subvention and Non-Agriculture Jewel Loans. The gold is pledged as security and is returned back once the borrower repays the whole loan amount that is due. With the help of an online EMI calculator you will be able to find out how much EMI is to be paid approximately, for the borrowed loan amount. An EMI calculator will help you try different interest rates, tenures and principal amount combinations to find an approximation of the total loan amount to be repaid along with the interest payments.  

Gold loans are a type of secured loan provided by lenders against gold as collateral. The gold is pledged as security and is returned back once the borrower repays the whole loan amount that is due. With the help of an HDFC online EMI calculator you will be able to find out how much EMI is to be paid approximately, for the borrowed loan amount. An EMI calculator will help you try different interest rates, tenures and principal amount combinations to find an approximation of the total loan amount to be repaid along with the interest payments.  

With the help of SBI’s EMI calculator, you will be able to find out how much EMI is to be paid against your SBI Gold Loan.  An EMI calculator is basically a tool, available on SBI’s website, that allows you to try different interest rates, tenures and principal amount combinations to find the approximate EMI amount you will need to pay against your loan. 

The gold loan amount that you can get from your lender is determined by the value of gold you have pledged as collateral. The values and the purity of the gold pledged will be checked before your lender takes possession of the gold. It will also depend on your creditworthiness as your lender would know whether you will be able to repay your loan within the given tenure period along with the interest rates charged. 

You can compare gold loan interest rates of different lenders before applying for one. Along with the best interest rates, you can also check for the tenure provided by respective lenders. It’s better to always check your lenders gold loan eligibility criteria before applying for it. Because if you don’t fit the eligibility criteria and apply for the loan, you would face unnecessary loan rejections.

You can check the outstanding balance of your two-wheeler loan account on your loan statement, through internet banking. You can login to ICICI Bank’s official website with your User ID and password → Main Page → My Accounts → Select Loans → View Repayment Schedule → Your outstanding balance will be displayed.

You would want to stay updated on the status of your two wheeler loan at any point of time. Almost all banks have official websites that will help you check your loan details. You can log on to your account online by using your credentials. After logging in, you’ll be able to see your two-wheeler loan details and the status of your loan.

Two wheeler loans are provided by banks and other financial institutions offering 90%-100% financing for selected two wheelers. The interest rate provided differs from bank to bank. Interest rate offers depend on the type of vehicle you are purchasing, your income level, type of loan you applied for and your creditworthiness. The interest rate for two wheeler loans with HDFC Bank are  from around 14.03%.

Two wheeler loans are provided by banks and other financial institutions offering 90%-100% financing for selected two wheelers. The interest rate provided differs from bank to bank. Interest rate offers depend on the type of vehicle you are purchasing, your income level, type of loan you applied for and your creditworthiness.

With ATMs, withdrawing cash has become very simple and accessible to all. Even though digital transactions have replaced a huge part of cash transactions from taking place, people still rely on it for various purposes. With ATMs being a huge part of our lives when it comes to getting instant cash, it's good to know the types of ATMs present in India:

Car loans are usually given at 85% of the car value and your repayment capacity will also be checked to decide on the loan amount that you’ll be able to get. It is advised to customers that they restrict their car loans to not more than 20 percent of their monthly income. For example, if you make Rs. 40,000 per month, your monthly car loan EMI should not exceed Rs. 8,000.

EMIs on cars are calculated by using factors like the loan amount borrowed, the interest rate and tenure. With the help of a Car Loan EMI calculator, you will be able to know the approximate EMI that will be applicable for you. The EMI consists of the principal and the interest charged. Thus the EMI to be paid will include both the principal amount and the interest applicable.

No, the recurring deposit interest amount is not tax free. The interest earned on your recurring deposit is not exempted from income tax that is collected every year. When you file your IT returns, you would have to add the interest income as ‘income from other sources’. The tax would have to be paid at the rate of the tax slab of the recurring deposit holder.