Monthly Archives: September 2013

Best insurance plan of all time


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Knowing your insurance cost through a premium calculator


Online has become the new buzzword in India in the past few years across all major industries. All this while insurance have also been witnessing good appetite from the consumers as online purchase of insurance policies have been on the rise. The increased transparency, ease and advantage of saving money that the online world offers, makes it the preferred channel for carrying out research and renewal of policies and paying premium amounts. In fact, it is said that around 17000 policies are purchased every month.

premium calculator

Pretty similar to the online travel and retail industry, the journey of insurance industry over the web started with the emergence of various research and comparison portals. One was able to compare various insurance companies and their services that helped them come to a conclusion. This not only saved a lot of time but also made the selection task easier and effortless. These portals later on were approved by the Insurance Regulatory and Development Authority (IRDA) which was a significant milestone for both insurance companies and the IRDA itself.

When a person goes about selecting an insurance policy for himself/herself, there are two most important aspects to look out for. The insurance coverage is something that often remains the same among all the leading insurance companies in India. However, the premium amount differs from each one of them. An insurance premium calculator helps a person calculate this amount required to be paid.

Websites of probably every insurance provider comes with a premium calculator. This enables a person to know as to how much amount is to be paid for a specific policy by a specific company. All that a person requires to do is enter certain specifics regarding the scheme. It is important to keep in mind as to which company provides with the lowest premium amounts along with high coverage.

Buying insurance over the web has been growing and continues to grow in the years ahead. Therefore, while going about the process of selecting your perfect insurance plan, you no longer have to visit the insurance company itself. All of it can be done while you sit on your couch along with internet access.

Knowing the future of your investment through an FD Interest Calculator


Today, we are provided with a number of options when it comes to opening a bank account. It all depends upon personal preferences and requirements of an individual. Savings and current accounts prove to be beneficial for people who need to withdraw money at a regular basis. In the case of recurring accounts, there is a certain sum of money that is needed to be deposited by the account holder on a monthly basis. They all prove to be effective for the ones who deal in a lower sum of money.

Contrary to the ones above mentioned above, fixed deposit is one such option that allows a person to deposit for a much longer tenures. This time frame could be from 7 days to 10 years. The word ‘fixed’ denotes the period of maturity which remains constant. However, a person can ask for closing or terminating the account by paying a penalty that is usually 1% of the amount deposited. Some banks provide no penalty for the same. For the ones who rate safety higher than returns, fixed deposits prove to a helpful investment.

The rate of interest for fixed deposit holders can vary according to the prevalent market rates. Unlike before, the RBI (Reserve Bank of India) has no regulation over interest rates offered by private and commercial banks. However, the smaller and upcoming ones tend to raise the interest rate to attract more customers. With the competition prevailing in the banking sector it can be a tough job to select the right financial partner. The huge sum you deposit has to be rested in the hands of the one you trust. Along with safety and security, the benefits you get on the deposit should also be thought about. This is when an FD Interest calculatorcomes in handy for you.

Here are few android apps that can help you calculate Interest Rates

This online instrument helps you calculate the interest you earn on an FD account and the value of your investment on the date of maturity. It is done through compounding the interest on a monthly, quarterly, half-yearly or yearly basis. The FD Interest calculator assists you to know how much you earn from your investment.  Through this, you can compare the various banks offering an FD service and select the one you prefer. With the growing prominence of fixed deposits in India, the task of choosing your right financial partner can now be carried out over the internet.

With all the banks offering their own interest rates, knowing the benefits on your fixed deposit has become easy.