OneInsure Blog
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The Union Budget for 2020-21, which was announced on Feb 1, was themed around agriculture reliefs, holistic development, and overall economic revival. Towards the latter, the Finance Minister announced sweeping tax reliefs (optional) across almost all income tax slabs (barring the above-Rs-15-lakhs-income slab), but these reliefs came with a condition.
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Remember the New Year that just went by? Just like everyone else, you too must have made a few resolutions. According to a global survey by Pew, close to 85% of resolutions that people make on New Year’s Day revolve around health and money.
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While our parents did work hard for their children, you’d have to agree that parenting has become tougher in the present generation. And this is especially so due to the much higher sums parents today have to spend on basics like education, healthcare, entertainment, and the daily expenditures of raising a well-rounded child.
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We have all been advised to opt for term insurance and health plans by friends, coworkers, and even by wider media through ads and promotional SMSes. However, an often-neglected type of insurance cover is Personal Accident insurance.
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Imagine you are returning home from work at 10 PM. You are in your car and have stopped at a signal, waiting for it to turn green. Suddenly, there is a screeching of tyres, followed by a loud smashing sound. Your body is thrown forward but the seat-belt you’re wearing avoids major injury. In a state of shock, you realize that a car has just rammed your car from the rear, breaking your rear glass, causing major dents in your car’s body, and seriously damaging the bumper.
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The New Year is almost upon us! 2020 is sure to be full of potential and purpose for you and your family! We are sure you have great plans for the New Year as well as for your life, in general.
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Although one does not ever want to face the situation where they have to file a claim—be it for their motor policy, health policy, or any other type of insurance policy—you would have to agree that the whole point of purchasing an insurance policy is to be able to recover the financial losses one encounters if something goes wrong. An insurance policy is your financial safety net and being able to file a claim and have it approved should not be a challenge.
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Tax season is almost here. Although it may be a bit early in the financial year to start thinking about tax savings, OneInsure believes it is never too early to plan to reduce the outgoings of your hard-earned money.