Abhishek Bondia In the books of financiers, home loan is considered to be one of the safest debts. A home loan is fully backed by a collateral, which is 20 to 25 per cent higher in market value. Further, the quantum of loan to be sanctioned is ascertained based on the income-generating ability of the borrower and not the underlying asset. The latter is true for commercial loans. Due to their low-risk profile, home loans are charged the lowest interest rates. However lenders have realized that when they look at the broader picture, i.e., the entire book, a certain proportion of loans end up as defaults because of the borrower’s death. Banks can take possession of the property to recover the principal amount. However, selling a real estate asset is a long-drawn process. To circumvent this, banks recommend that their borrowers buy life insurance. The question is whether this is good for the borrower as well. Insuring home loans The term insurance attached with loan products … [Read more...] about Cover your home loan with a credit shield insurance policy
Why buying a home is better than renting
The research firm ICICI Securities believes earnings of apparel brands and retail companies under their coverage may surprise positively from Q3FY22E as the likely demand recovery may result in better than expected margin performance. Some of the costs savings achieved during pandemic may sustain and coupled with high operating leverage may lead to higher than pre-covid margins from Q3FY22E. Stocks like Trent, V-Mart and Aditya Birla Fashion and Retail are the preferred picks backed by their strong and consistent track record of execution. Trade Watchlist Portfolio Message Set Alert live bse live nse live Volume Todays L/H More × Anand Rathi's research report on Firstsource Solutions FSOL was faced with challenges in mortgages (22% of revenue) with 30-40% declines expected ahead. Management expects stabilisation here by H2 FY23. In the other divisions (78% of revenue), … [Read more...] about Buy Firstsource Solutions; target of Rs 145: Anand Rathi
So your home loan has finally been disbursed and you can now proudly call yourself a homeowner. This is indeed one of the most cherished and expensive investments you’ll make in your life. But have you ever thought of the possibility of something happening to you before you pay your full home loan? Your liabilities will be handed over to your family members, leaving them under financial stress. While there are various things to consider before investing in a house, we often neglect important add-ons such as an insurance policy that covers your home loan repayments. There are two ways to prevent your family from the burden of such liabilities – home loan insurance or a term insurance policy . Both policies provide cover against financial stress. The main difference between them is that a home loan covers the property, while a term policy covers a person’s life. Let’s dig deeper to understand the differences. Premium charges Close Depending on needs and … [Read more...] about Securing a home loan liability: Home loan insurance or term policy?
Share to Twitter Share to Linkedin Here are five things in technology that happened this past week and how they affect your business. Did you miss them? 1 - Virtual real estate reaches new limits with the addition of major corporations. Admix—a virtual reality platform—has been very prevalent in the metaverse and is currently working with McDonalds, Pepsi, and other large corporations on buying and selling virtual real estate. The virtual real estate market is much like the real world, using cryptocurrency as their main monetary source. Admix has bought in between $200,000 and $1,000,000 worth of real estate in this virtual platform and urges others to take advantage of this new enterprise. The company believes that this is the new age of capitalism and a very savvy way for companies to integrate their business into our digital world. (Source: Fast Company ) Why this is important for your business: I tell oftentimes incredulous audiences made … [Read more...] about McDonalds, Pepsi, And Other Large Brands Are Buying Real Estate On The Metaverse …And Other Small Business Tech News This Week
- A + A SYDNEY (May 16): Australian Prime Minister Scott Morrison on Monday defended his election pitch to allow first-time buyers to use part of their retirement savings to buy homes, in a bid to lure younger voters as the campaign entered its final week. Morrison, trailing in polls ahead of the national election on Saturday, put housing at the forefront of his election campaign amid criticism that the decision will further drive up prices forcing more people out of the market. "It's your money, you've earned it and you've saved it in your superannuation," Morrison told Channel Seven on Monday. Morrison said he did not see house prices rising from his policy, announced during the launch of the Liberal Party's campaign on Sunday. More money on deposit will lower mortgage payments providing an "added layer of comfort to our first home buyers," he said. Under Morrison's plan, first home buyers can dip into their retirement savings for up to A$50,000 (US$34,725) … [Read more...] about Australia PM defends housing pitch as election campaign enters final week
The government wants to promote more electric vehicles. That’s fine. But many youngsters, especially those under the age of 20, use e-bikes without having proper knowledge of the driver’s license and insurance. Many of these e-bikes can reach speeds of up to 25 kilometres an hour. Riders could cause a damage to those on the road or to other vehicles. And there may not be a third-party insurance policy to cover the damage. The rider has to pay the compensation himself. If you ride an e-bike frequently, then here’s what you need to know about the insurance cover. My electric bike runs so slowly. Why do I need an insurance cover? Yes, many e-bikes have a speed limit. More than 90 percent of the electric vehicles on Indian roads (including cars) are low-speed electric scooters that travel at less than 25 km per hour. That isn’t exactly a snail’s pace and can knock someone down and cause some damage if you drive recklessly. Hence, aside from driving safe, it’s best to have an … [Read more...] about Explained: All about license and insurance requirements for e-bikes
Metropolis Healthcare | Promoter Duru Sushil Shah sold 4.25 lakh equity shares in the company at Rs 3,142.72 per share on the BSE, the bulk deals data showed. Your health insurance premiums could start going up in the days to come. Group health insurance policies – offered by employers to their employees and families – have already risen in April, when many such contracts come up for renewal, say experts. According to a Marsh-Mercer benefits survey, employer-sponsored medical benefit costs in India are expected to increase by 15 percent in 2022. Soon, it could be the turn of your individual policy premiums, as insurers reeling under the COVID-19-linked claim burden and rising healthcare inflation seek the insurance regulator’s nod to hike rates. Industry watchers feel retail health premiums could see an 8-15 percent rise. Also read: Simply Save: Know the importance of buying an adequate health insurance cover Here’s your guide to the causes for these premium hikes … [Read more...] about Explained | Health insurance premiums to get costlier: How can policyholders keep their premiums in check?
While the average trend is negative, there are family firms across industries that have performed exceedingly well. (Photo by Mikhail Nilov/Pexels) By SOUGATA RAY, NUPUR PAVAN BANG, NAVNEET BHATNAGAR Concentrated ownership of a firm in the hands of a family presents unique opportunities and challenges that impact its performance. In India, family firms are a dominant force in the economy, contributing significantly to nation-building, the exchequer, creation of jobs and asset creation. Their footprints on the Indian economy are indelible. It is imperative for family firms to perform well, grow profitably, create value and contribute to economic progress if India has to realise its full potential. Researchers have argued that family firms have better monitoring and lower agency costs than non-family firms, have incentives to take long-term views of maximising firm value, and are value-driven organisations. Yet, many of them are found to be plagued by rent-seeking … [Read more...] about Family Firms in India: Performance and Relevance
This article first appeared in Capital, The Edge Malaysia Weekly, on May 9, 2022 - May 15, 2022. - A + A ViTrox Corp Bhd Fair value: RM9.89 BUY AMINVESTMENT BANK RESEARCH (APRIL 29) : Our FY22F–FY23F earnings are unchanged despite lower sales contributions expected from its machine vision system (MVS) for 2QFY22, as guided by management, as we believe the slower growth in China will be offset by other regions, particularly from the group’s automated board inspection (ABI) segment. As at April 3, ViTrox’s ABI funnel has grown to RM254 million, supported by growing segments in telecommunication, automotive and computing. However, we have raised our FY24F earnings by 5% on the back of the group’s focus on manufacturing AI-enabled machines, which support higher average selling prices (ASPs) and margins. We have also considered ViTrox’s capacity expansion with its new facility, which will add 30,000 sq ft of production floor space by 2HFY23F. … [Read more...] about Brokers Digest: Local Equities – ViTrox Corp Bhd, Homeritz Corp Bhd, Fraser & Neave Holdings Bhd, Tasco Bhd
Share to Twitter Share to Linkedin It was a highly energized crowd that packed the Opry house in anticipation of Jamey Johnson receiving one of country music’s greatest honors – membership in the Grand Old Opry. For Johnson, who remembers listening to the Opry on his transistor radio as a kid, and who first appeared on the Opry as a guest performer in September of 2005, becoming an official member was a longtime dream come true. In an interview earlier in the week, he recalled first listening to the Opry on the radio after the release of the movie Smokey and the Bandit and the song “Eastbound and Down.” “Banjo picking was kind of a cool thing for a kid my age out in rural Alabama and that’s probably how I found the Opry. There was probably somebody on there playing the banjo and I just parked it right there to see what else we were going to hear. It wasn’t like I was a big fan of bluegrass, I just loved the sound of “Eastbound and Down.” He laughed, … [Read more...] about Jamey Johnson Becomes The Newest Member Of The Grand Ole Opry