Money
My car, their policy
Owning a four wheeler is a matter of pride but how well do we know about different parts of an auto insurance policy? FWD gives you some relevant insights on the same.
Owning a four wheeler is a matter of pride but how well do we know about different parts of an auto insurance policy? FWD gives you some relevant insights on the same.
Doing a little homework before renewing a car insurance can make big savings on premium and avoid future hassles on claims. One should know his/her coverage needs and compare quotes of different insurance providers before renewing the comprehensive policy. It is not necessary to stick on to the same insurance provider every time. With insurance providers offering their quotes online and websites available with comparative quotes of different companies, it is always beneficial to do a quick check as the renewal date nears.
One should also keep a few other things in mind while selecting the insurance provider. If your car service provider has a cashless payment agreement with the insurance company, you will not have to cough up the entire repair amount and then wait for the reimbursement. If the company has online renewal facility, it will save a lot of legwork. Under a traditional comprehensive cover, the Insured Declared Value (IDV) of a new car will be 80 to 90% of the on-road price. But when it comes to renewal, the insurance provider will calculate depreciation of the car before fixing the IDV. The depreciation is calculated on the basis of the age of the car, its condition, market value of the model etc.
The IDV calculation differs from one provider to another. For a lesser IDV, the premium too will be less and if no claims have been made in the previous term, the no-claim bonus will bring down the premium quite significantly. In other words, for minor cosmetic repairs, it is always better not to make a claim.
If you are a person with a low risk perception, a traditional comprehensive cover will keep your premium at a lower level. However, if you want the IDV to remain the same even during renewal, you can opt for a cover that does not take depreciation into account. However, the premium will be higher in such a scenario.
While taking such a policy cover one should consider the model of the car and the prices of the spare parts. However, spare-part prices of some cars remain the same over the years and once the model is phased out, the spares also become less available and more expensive. In such cases one can retain the initial IDV and pay a higher premium. If the car is stolen, the loss of the owner will be minimal if you have a higher IDV. But, these policies do not cover every part of the car, the plastic parts do not get full insurance cover. Considering the fact that increasing number of parts in new-age cars are made of plastics, one can consider going for a ‘bumper-to-bumper coverage’ that covers a larger portion of the car. It will take care of the repairs that get expensive with time, but the premium will be 20 to 30% higher.
Features
Success Tips for Young and Aspiring Entrepreneurs
An entrepreneur is an individual who creates a new business, bearing most of the risks and enjoying most of the rewards. They are commonly seen as an innovator, a source of new ideas, goods, services, and business/or procedures.
Not all of them have a mentor or chance to meet one. So here are some tips to motivate the entrepreneur in you.
Do work you care about
There’s no doubt that running a business take a lot of time. Steve Jobs noted that the only way to be satisfied in your life is to do work that you truly believe in.
Take the risk
We never know the outcome of our efforts unless we actually do it. Jeff Bezos said it helped to know that he wouldn’t regret failure, but he would regret not trying.
Believe in yourself
As Henry Ford famously said, “Whether you think you can, or think you can’t, you’re right.” Believe that you can succeed, and you’ll find ways through different obstacles. If you don’t, you’ll just find excuses.
Have a vision
The founder and CEO of Tumblr, David Karp, notes that an entrepreneur is someone who has a vision for something and a desire to create it. Keep your vision clear at all times.
Take action
The world is full of great ideas, but success only comes through action. Walt Disney once said that the easiest way to get started is to quit talking and start doing. That’s true for your success as well.
Manage energy, not time
Your energy limits what you can do with your time, so manage it wisely.
Build a great team
No one succeeds in business alone, and those who try will lose to a great team every time. Build your own great team to bolster your success.
Learn from mistakes
Many entrepreneurs point to mistakes as being their best teacher. When you learn from your mistakes, you move closer to success — even though you initially failed.
Know your customer
Dave Thomas, the founder of Wendy’s, cited knowing your customer as one of his three keys to success. Know those you serve better than anyone else, and you’ll be able to deliver the solutions they need.
Learn from complaints
Bill Gates once said that your most unhappy customers are your greatest source of learning. Let unhappy customers teach you where the holes in your service are.
Entertainment
Perfect weekend getaways in Kerala for your Christmas holidays
No plans for Christmas holidays yet? Here is your getaway guide!
Christmas is the festival of joy and giving. It is that time of the year when you spend time with your loved ones. With Christmas falling on a Monday, it’s going to be a long weekend for many of us. Here is our list of places where you can spend the weekend with your family and friends.
Wayanad
If you are an adventure freak, Wayanad is going to be the best place for you. Adventure activities from Cycling to Mountain Climbing, Wayanad brings out the adventure soul in you. A relaxed night camp with campfire on a starry night would be the best way to spend your weekend.
Munnar
Munnar is a beautiful hill station in the Idduki district. The term Munnar refers to ‘Moon Aaru’ which means three rivers. It is known for cardamom and tea plantations. This hill station is also famous for the ‘Neelakurinji’ flower which blooms once in 12 years. If you are looking for a laid-back holiday, just soak into the beauty and greenery of the place. You can also go for boating and pay a visit to tea museum and tea plantations.
Thekkady
Thekkady is heaven for nature lovers. This place evokes the love of nature in you. It is known for the Periyar Wildlife Sanctuary which is one of the largest national parks in the country. Bamboo rafting, visiting the reserve through trekking, jeep or boating, camping in the woods are few of the highlights of this place.
Vagamon
Vagamon is a hill station located on the Kottayam- Idukki border. The greenery expanded across and the gushing water place is a favorite spot for photographers and couples. Since this scenic place has not been touched with any kind of commercialization, it offers many adventurous activities for people like rock climbing, trekking, paragliding etc.
Alappuzha
Alappuzha also known as Alleppey is one of the famous tourist destinations in Kerala. This place will make you fall in love with backwaters. Lazily cruising in the houseboats with lush blue sky and allure of the greenery around will make you forget about all your problems. Apart from boat rides, the city is home to many holy shrines like Ambalappuzha Sri Krishna Temple, Chettikulangara Devi Temple and more. There are also many churches in the town like Champakulam Church, St. Sebastian’s Church and Edathua Church. The city also has a carefully preserved statue of Buddha.
Make your Christmas Merrier by going to these beautiful places with your loved ones.
Features
SHOPPERS, STOP AT KOCHI
As Kochi cements its place as the shopaholics destination to splurge on, we look at the trends that emerge.
Kochi undoubtedly is the coolest place to be in Kerala right now. The ambience and lifestyle, the walkways alongthe water bodies, interlocked alleys, the brilliantly starry nights, busy roads and people, crowded railway stations, this city is vibrant as any. A Mumbaikar friend who was recently at Kochi kept telling me that the place reminded him of Mumbai but I was not sure to be flattered or offended, for Kochi we like to believe has a character of its own.
Bringing Together Two Worlds
It comes as no surprise that buildings are shooting up like mushrooms in Kochi, and the infrastructure development has taken to a whole new level considering the burgeoning population and their affluence. Notwithstanding the general perception of being a lazy foreigner’s haven with an unlimited supply of
“peace of mind” sprayed all over these group of tiny islands, the swanky urbanised Kochi throws an
amazing shopping experience to the shopaholics. Like with every other thing, Kochi stays ahead of the rest of Kerala as a shopping destination too, with multitudes of shopping centres and malls opening up. You probably had seen a plain stretch of land a few years back, and when you return, you find a magnificent place, that’s the pace at which Kochi grows.
The Big Ideas
When the idea of constructing India’s largest Shopping Mall brewed in the minds of the promoters, we think thatthe only question they had in mind was “Where in Kochi?” ; Kochi, it would be was a foregone fact. To say that Lulu Mall has changed the way Kochi, sorry, Kerala shops would be an understatement. I once overheard a conversation between an elderly couple, and it went “Where the hell did all these people buy their stuff before this place came up?”; a very valid question considering how quickly the Kochiites have adapted to and embraced the mall culture.
Shifting Lifestyles
The Kochi Folks have completely changed their routines, preferring to ‘eat, drink, watch and entertain’ rather than spending a sweet Sunday at their sweet homes. The malls now have more movie screens than one could imagine, and they run full houses almost every day of the week. We would say it’s clever enough to book the ticket ahead a week and relax, be calm and enjoy the movie with a bag of popcorn. Kochi also boasts about the India’s first Leadership in Energy and Environmental Design(LEED) certified gold-rated green mall, and this even sounds refreshing and healthy. Nucleus Mall at Maradu with a 273,000 sq ft area brings this eco-friendly atmosphere with symphony halls, a multiplex and food courts.
As the backwaters, antique shops and Chinese fishing nets create the traditional story, the contemporary Kochi talks about shopping malls, iced drinks and fast food. The purchasing power of the Kochi population is seeing an upward curve and this is proportionally balanced by the availability of more international brands. Shopping malls are major players in providing visual merchandise and the window shopping that inevitably happens to trigger the desire.
Making it Work
In addition to more than seven existing popular malls, Kochi will witness a massive mall-storm in the near future, and the additional count from a credible source says 11 more. It is quite difficult to fit that context into our minds, but the builders seem so comfortable to fit their structures in that tiny map. With a current estimated 20lakh sq ft of combined mall area in Kochi, roughly the size of a whole small airport, 11 more is something beyond what we could
fathom. Kochi impresses its residents every time, and this mall culture has seriously increased the brief outings
and pleasurable get-togethers. The malls are standing high enough to touch the sky of Kochi with pride. I would want to know what our elderly couple would have to say about the mall mania in Kochi and of course, the reaction will be “11 more? Really? ” Yes, really, But we are sure the people of Kochi are looking forward and will embrace these as they did to the malls that have already arrived. With these beautiful structures that are springing up day in and out, the iconic marine drive and the Kulukki sarbath that quenches your thirst, the beaches and cool, happening things that goes in Kochi on my mind, I am forced to borrow a catchphrase from my Mumbai friend “ Kochi Meri Jaan.”
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