Post about "insurance"

Maharashtra Government reduce stamp duty on the Real Estate sector

The COVID-19 has put the adverse effect not only on the real estate sector but other sectors as well. The blow due to the COVID pandemic is very important and it will take time to come out of the excess. The Maharashtra government has determined to reduce stamp duty on real estate to assist homebuyers to purchase properties during the pandemic.
A huge support to the Real Estate sector
To boost the stagnant real estate market, the Maharashtra government on August 26 decided to temporarily reduce stamp duty on housing units. The judgment was taken at the state cabinet meeting on August 26. It is a big support to real estate sectors to encourage homebuyers to purchase properties during the pandemic. First, it is important to understand the process of RERA Registration

Process of RERA Registration
• Upload the required documents & information to the RERA registration web portal. • Consult our business advisor on how to get the RERA registration number. • Our professional will verify the validity of documents & Information provided. • On Confirmation, make online payment of RERA registration fees. • Our professional will prepare and submit the application with jurisdictional RERA authority.

Benefits for the Real Estate sector
• It will provide buyers with an incentive to buy homes and give them the option to take a decision to purchase. • The decreased cost of the stamp duty is bound to assist first-time homebuyers as well as resale flat buyers to invest in real estate. • It will boost the real estate market in this festive season. • This will also help the government to generate revenue as property registration is expected to increase.

Moreover, the main purpose of the government too encourages homebuyers to purchase properties during the pandemic. Know more about reducing stamp duty on real estate.

Life Insurance – Why Do I Need It?

Many people want to buy life insurance, but don’t think they can afford it.  There are two major different types of policies available; whole life and term life. Term life is more affordable than whole life policies.Whole Life InsuranceWhole life policies are also an investment opportunity.  They combine the benefits of a term life policy with investment components, which offer investments in stocks, bonds, and money market funds, as well as building cash value that can be borrowed against, much as a home equity line can be borrowed against.Term Life Insurance
Term insurance provides for live coverage only. Upon the death of the insured individual, the term life policy will pay out in the amount of the policy to whoever is named beneficiary. Term life policies can be purchased from anywhere between one and 30 years.Rates as well as a variety of insurance policy options are available to those who perform careful research and understand the basics of life insurance terminology.  A personal finance consultant may help individuals determine the fine points of a variety of insurance policy options and rates, as well as representatives from major insurance companies such as Northwestern Mutual, Mutual of Omaha, Met Life, New York Life, and insurance policies offered in combined auto and home insurance policies.Who Needs Life Insurance?Life insurance is designed to protect the financial security of families in the event that one of those family members dies in a tragic accident or as a result of an illness or disease. It is designed to cover the costs of medical bills, funeral arrangements and burial, to pay off bills, and to provide a sense of financial security to those left behind.Insurance for SeniorsIt’s never really too late to buy life insurance. Still, the longer a person waits, the more expensive the policy can be. The cost for most types of life insurance policies is determined by age, the  health of individual, the type of insurance coverage and the amount of coverage that a person wants. Most major insurance carriers offer senior life insurance, but seniors can also get discounts and benefits from organizations like the American Association of Retired Persons when it comes to term insurance.Seniors are often eligible for term insurance policies that don’t require medical exams, but such policies offer low death benefits. Sometimes, a person may decide to purchase low monthly premium insurance policies to help pay off remaining debt as well as coverage for funeral and burial costs.The three most common types of life insurance generally available to consumers:
Term Life- these don’t accumulate any cash value, and the face amount of policy as well as premiums remain fairly constant. Premiums may rise but such terms must be stated in writing in the policy. If an  individual outlives the terms of the policy, he or she will not receive a payout.
Whole Life- accumulate cash value, guarantee death benefits, and offer fixed premiums
Permanent Life- this type of insurance remains in force until the policy pays out or unless policy expires or lapses due to lack of payment.