Most people associate 'accident' with vehicles and the injuries if one is hit by them. But, an accident can be situations such as snake bites, electric shocks, drowning, injury by fire or a fall at home.In May 2019, an Insurance Regulatory and Development Authority (IRDAI) Working Group proposed that home insurance policies must cover accidental deaths due to gas cylinder explosion for a reasonable amount.Almost 4,000 lives are lost every year in India due to gas cylinder or stove blasts. More than a lakh individuals die in road accidents in India every year. The list can go on. Accidents happen and one can’t avoid emotional loss and the trauma arising out those accidents.Close Personal accident insurance policies offer financial protection to the insured person in case of accidental death, or partial or total disabilities arising out of the accident. A personal accident cover accounts for many types of accidents, in addition to those caused by a vehicle hit. related … [Read more...] about Explainer | Personal accident insurance: How does it work?
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Dharmesh ShahThe Nifty has been consolidating in the broad range of 12,000-11,800 in the last two weeks. Over the past two weeks, the index has undergone healthy consolidation, aiding the daily stochastic oscillator to cool off from the overbought situation at 11,825. Over the past eight sessions, the index has merely retraced 38.2 percent of the preceding nine sessions up move (11,490–12,034). Slower pace of retracement signifies robust price structure.Going forward, we expect the index to maintain positive bias and challenge its record high of 12,100 in coming sessions which is also the confluence with the price parity of mid-September sharp rally (10,670–11,695), projected from October low (11,090). In the process, we believe any temporary breather should be used as an incremental buying opportunityClose Structurally, the index has not corrected for more than two weeks since August. In the current scenario, the index has corrected over the week and … [Read more...] about Dharmesh Shah sees Nifty heading towards its record high of 12,100, bets on these 2 stocks
Nifty witnessed a pullback in the current week after the sharp decline seen in the last two weeks. The index on July 17 crossed over the past five sessions high around 11,600-11,650, signalling a pause in the ongoing corrective trend.Going ahead, as the Nifty is maintaining higher high and higher low on the daily chart, we expect it to extend the current pullback towards 11,800, as it is the confluence of the 61.8 percent retracement of previous decline (11,982–11,461) and the negative gap on July 8 placed at 11,811-11,772.The Nifty Midcap index continued to consolidate over a seventh consecutive week. In the process, it retraced less than 78.6 percent of preceding three week’s rally.Close The slower pace of retracement along with elongated time consolidation signifies healthy consolidation, aiding weekly stochastic to cool off the overbought situation (currently at 31).Dharmesh ShahHead Technical|ICICI Direct.com Research Dharmesh Shah sees Nifty heading towards … [Read more...] about Here’s why Divi’s Lab can deliver 15% return in 6 months
Equity benchmark witnessed strong up move since August 23 as buying demand emerges near the major support area of 10,600, but it failed to hold on to gains.We believe that the temporary breather towards 11,000-10,900 (i.e. 50 percent retracement of the last three sessions up move from 10,637 to 11,141) should be used as an incremental buying opportunity for up move towards 11,200 levels in coming weeks.Close In the current context, the index witnessed a sharp bounce after correcting 12 percent over the past 12 weeks. In the process, most of the pessimism has been overdone in the index.Dharmesh ShahHead Technical|ICICI Direct.com Research Dharmesh Shah sees Nifty heading towards its record high of 12,100, bets on these 2 stocksHot Stocks: Here’s why Pidilite Industries & KEC Int may return over 20% in next 6 monthsHere's why Divi's Lab can deliver 15% return in 6 monthsGoing forward, we expect the index to continue with its outperformance, so we advise investors to accumulate … [Read more...] about Podcast | Stock picks of the day: Time to buy quality midcap stocks in a staggered manner
A four-day festival showcasing art, culture, cuisine, handicrafts and handlooms of the northeastern region will be held for the first time in Varanasi.Union minister Jitendra Singh said the 'Destination North East' festival, which will begin in the temple town of Uttar Pradesh on Saturday, will exhibit the striking similarities between the Ganga and Brahmaputra basins in terms of ancient culture, diverse handlooms and silk products, spiritual heritage and vibrant tourist hubs."The idea of organising such an event is to bring the rest of India closer to the Northeast and to have experience of rich culture of the region," Singh told reporters in New Delhi.Close The Union minister for development of the northeastern region (DoNER) said all-round progress of the Northeast was the priority of the central government ever since Prime Minister Narendra Modi took charge five years ago. related news Sharad Pawar outwitted Chanakya of politics: NCP takes a jibe at BJP Congress protests … [Read more...] about 4-day Northeast festival in Varanasi from November 23