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PAMM accounts brokers are being appreciated worldwide. It is not a standard forex broker platform because it is designed to benefit the investor from generating profitable transactions without asking them to perform active trades. This article will explain in detail how pamm accounts works and why it’s so popular among forex traders. The pros and cons of pamm account forex are also presented.

How does PAMM Account work?

The manager of the PAMM account is a professional trader who takes a fraction of investors’ assets from each profitable trade. The investors trade passively. Their funds for trading are used by a more experienced market player, and in return, investors give the manager a small percentage of the profit generated through trading. Therefore, if the manager finishes profitable trading, then all participants will share in an increase in capital equivalent to the amount that was first invested into the PAMM account.

Investors provide the manager with a small share of the profit made by trading in exchange for their funds being used by a more experienced market player. As a result, if the manager completes profitable trading, all participants will receive a capital rise equal to the amount initially placed in the PAMM account.

The Forex market provides a wide range of investing opportunities. However, if we eliminate direct trading and affiliate systems for such wealthy investors, trade copying and PAMM accounts are the only options. Copied trade is the direct duplicate of an order from one trader to another, plus a royalty if the transaction is profitable.

Although some Forex PAMM brokers offer trade copying, the majority currently focus on PAMM accounts, which are more preferred among experienced and novices. Trade copying is more of an application tool that helps you to learn the fundamentals of Forex trading and refine your skills by mimicking a more experienced partner’s trades.

Pros

  • A PAMM account holds both the manager’s and investors’ accounts together. As the manager is risking his own money alongside his investors, he is more likely to act responsibly while trading. Above all, the manager is more likely to be concerned about profitable trades.
  • Automated security systems are regulated. The manager’s authority over the investor’s account is limited. He won’t be allowed to withdraw the money or to carry out any spam operation.
  • Latest PAMM accounts allow more space for the investors and function transparently.

Cons

  • The manager will only decide on the working conditions. He has the authority of defining fund limits and the number of participants allowed.
  • Brokers may experience hard blows in the management of PAMM accounts as it requires risk management strategies.

Take Away!

According to fbs copy trade review, it is suggested that PAMM brokers are the right option for investors interested in forex trading. It is highly recommended for investors interested in profitable passive trading with the least risks. You should remember that not all the copied trades are successful and there are risks in the forex market. It depends on the expertise of the manager.

As a portfolio manager and a skilled investor with years of experience in investment
management, my job is to exchange closed-end or traded assets and implement
investment strategies, whilst maintaining day-to-day portfolio trading. Thus, when NFTs
became a thing, it was the most natural thing for me, Edward Aksel, to invest in, and I am
glad I did.

What are NFTs?

This acronym has gained worldwide popularity in 2021, although it has been around since
2014. Non-fungible tokens (NFTs) are non-transferable traded assets part of the
blockchain technology. NFTs come in the form of digital tokens that companies, investors,
and institutions are looking to invest in. NFTs represent intangible and tangible objects
such as art, videos, music, and digital artwork. These are all things that have evolved from
being collectables to becoming investments that are at times worth millions of dollars. The
tokens are referred to as ‘non-fungible’ because unlike physical money and
cryptocurrencies like Ethereum and Bitcoin, NFTs cannot be traded or exchanged for one
another and each non-fungible token has the signature that makes it difficult for it to be
exchanged or equal to another NFT.

How do NFTs work?

NFTs exist within the blockchain system, a circulated public register that records
transactions.
Ultimately, NFTs are a physical collector’s item in digital form. Therefore, instead of buying
an actual painting, one can buy it as a digital file. Moreover, with an NFT, buyers are the
sole owners of the piece, with ownership rights and a unique data that makes it easy to
identify and verify the owner of the NFT. Thus, you can think of an NFT as digital proof of
ownership of the digital asset.

How are NFTs used?

Blockchain technology and NFTs give artists and content creators a unique chance to
monetize their products. For example, galleries and auctions are no longer the only
sources from which artists can showcase and sell their art. Instead, artists can sell their art
as an NFT to a consumer.

How does one invest in NFTs?

To invest in NFTs you’ll need a digital wallet that allows you to keep your NFTs and
cryptocurrencies stored in and you can then get investing. It is that simple.
Selling NFTs
Once you’ve bought an NFT, it is solely yours to do as you please. You can either keep it
as a collectable, put it on display, align it to a larger digital project, or even sell it. To sell
your digital asset, you must first upload it to a marketplace supported by the blockchain
that the NFT is built upon. The next step is to set a price for it or sell it auction-style.
However, you must always bear in mind that the market value for the NFT is driven by how
much the crypto community is willing to pay for the product you are selling.

Why invest in NFTs?

As a portfolio manager, I have been investing in NFTs for the past five months, and I am
amazed by the success level and high return on investment rate they offer; however, that’s
not all. NFTs guarantee peace of mind as your collectables cannot get stolen, lost or
damaged over time. What’s even better is that the value of NFTs increase quicker than the
value of real-world objects, such as a retro Lamborghini or a Rolex, do. It takes years for
such items to increase in value, whilst you can buy an NFT for $1,000, or even less, and
its value can go up to $32,000 in just a month.
NFTs have a bright future and great potential in the world of investment, especially for
collectors. Take Bitcoin, which was first traded back in 2009. Back then, one could buy the
digital currency for just a few cents. However, prices then began to rise, and today, the
Bitcoin market is worth approximately $800 billion – becoming one of the largest
cryptocurrencies in the capitalization market. Therefore, most of the investors who
invested in Bitcoin when it was first introduced, are now enjoying the wealth they acquired
through it.

One of the growing financing options that most the business-to-business companies prefer is accounts receivable factoring. With this owner can get the payment to finish their work and even the delivered services in less possible time right after the customer clears the invoice. This third part form works as the lender that offers funding in two methods. Either Account Receivable Lender can lend against the receivable account of the business or by buying it and offer the cash depending on the invoices that are not paid.

If the business has been facing a cash flow issue and has trouble paying off the bills on time, then accounts receivable factoring is the right thing. Also, there are many reasons due to which businesses usually consider it as an alternate choice to get the funding.

No debt concerns:

Against asset-based lending, invoice factoring doesn’t create any kind of debt since it is not a loan.  The factoring company would buy the open invoice and they offer the user a certain amount upfront for the same. The factoring company will then pay nearly 95% of the invoice value and thus take care of all collection and billing duties. Once the customer pays off the bill, the factor shall return the rest 10% to the user while deducting the factoring fee.

A complete control:

It is entirely the user’s choice to choose the number of invoices to factor. Rest all whatever the user does with the money being made from selling the receivable is their concern. This offers the user the ability to make a choice and flexibility of when the factor is needed. Even a single invoice can result in the factor but that is the user’s call entirely.

Quick funding for small businesses:

Often growing businesses usually face is the payment not being received on time. But factors can offer the cash for an invoice within 24hours once the business gets approved. A bank, however takes quite some time for the application approval and funds transferring. But this is not the case with accounts receivable factoring.

Credit history is not important:

The factoring company approves as per the creditworthiness of the customer since they shall be paying back the factor. If the user wants to improve the cash flow of the business, then the factoring company will not reject the requirements because of past financial concerns or due to bad credit history.

Conclusion:

With the above perks of accounts receivable factoring, there is no doubt it is a wise decision to be opted for in a crucial time. With such a predictable working capital solution, it is possible to maintain the on-time payment cycle and thus be eligible for vendor early payment discounts. It is one fine platform to pace the flow of the cash quickly for the capital to be used for the services and goods that are usually delivered within 90 days from the time invoice is generated. To grow a business is a great choice, but still, it is better to get all cleared about before opting for it.

Today, most organizations thrive on great culture. It helps to create a high-performing and engaging workforce. Most books in this genre discuss organizational values, management techniques, and other elements mentioning job satisfaction. A satisfied employee can deliver towards the final goals of the organization. Most HR Managers, Employee Counselors, and Organization leaders read such workplace culture books.

List Of Workplace Culture Books

Standing in 2022, there is no dearth of such books today. One will find books on organizational culture, business culture, culture change, and workplaces. Before venturing into what such books look like or are, in practice, the elements need to be touched. There are six of the best company cultures that one should know about.

They are community, fairness, trustworthiness, innovation, trust, and care. If any company is not able to create these elements as a part of the work sphere, it is not possible for them to succeed. The best companies create a universal organizational culture through the celebration of important events and sharing profits. Apart from that, employees get a fair amount of recognition.

Trustworthy managers also impact the employees positively. This leads to retention of talent and overall satisfaction at the workplace. When the management creates a safe work environment, employees can deliver more innovative and creative ideas for the betterment of the organization. Now, it may be a good idea to learn about workplace culture books.

Best Books On The Organization Culture

The Advantage is one of the top books in this category. It shows a lot of features about organizational development. The book states that if any organization wants to excel, it has to incorporate two things. It is all about being smart and healthy. The smartness in the culture relates to strategy, marketing, finance, and technology. Additionally, being healthy as an organization translates into minimum politics and confusion, and high productivity on the part of the employees.

Culture By Design is another book that is worth mentioning here. The book states that no single factor can impact the success of any company. Sales, marketing, finance, accounts, HR are just a few of the divisions that give a company, its structure. The most important thing that binds the company is the culture. The book teaches the readers about the unique challenges that one must overcome to succeed in business. It also relates to the work environment that rules, like remote working.

The Culture Code is the third book that deserves to be mentioned. The book says that certain groups that excel, are not necessarily smarter than the rest but work smartly. That is one of the differentiating factors behind being successful and not being successful. How people collaborate is a distinct feature of the culture. When a group of employees works together in an organization, there are aspects like safety, vulnerability, the establishment of purpose, that need to be taken care of. The book highlights all such facets and more.

Conclusion

Doing business, the smart way is what such books teach. It is imperative for all organizations to follow such guidelines to excel. That is the reason why such books are so popular today.

Investing in mutual funds is both a game of discipline and skill. It is the former that is the reason behind poor performance of the scheme among investors – lack of discipline. Often investors get anxious as soon as the markets take a dip, or the markets correct. Though for long-term investors these market dips would act like mere speed bumps and would not affect them in the long run. It is times like this that either makes or breaks an investor. To ensure that you do not fall into the trap of making unfit investment decisions, you must not forget some key mutual fund investment points. Read on to know about these key points that can help you choose the right mutual fund investment plans for your portfolio.

Key things to remember when investing in mutual funds when the markets are soaring high

Following are a few points that an investor must be aware of when they invest in markets when the markets are at its peak:

  1. Timing the markets
    You must have heard market gurus constantly saying that to earn substantial returns on your investments, you must ‘buy low and sell high’. However, as easy as this advice sounds, it is practically not possible for an investor to successfully predict the movement of the markets at all times. Hence, several investors end up making significant losses while attempting to time the markets. Rather than timing the markets, you might consider investing time in the market, which simply means to stay invested for a prolonged duration.
  2. Diversify your portfolio
    It is always a good idea to diversify your investment portfolio across market sectors, themes, asset classes, and location. Diversification is a way to mitigate your losses as it helps to spread your risk across a wide variety of investments. This means that losses arising from any one type of investment can be easily offset by the profits earned on different types of investment. One should take care that in the name of diversification, one does not over diversify their investment portfolio which might not work in the favor of investor.
  3. Do not pause your SIP instalments
    One of the fundamental principles of SIP (systematic investment plan) investment is that one should not stop their SIP instalments based on the market condition. Due to a concept known as rupee cost averaging, where in an investor ends up accumulating higher number of mutual fund units when the markets are low, and vice versa, an investor does not need to be bothered by the market highs or lows.
  4. Constantly review the performance of the scheme
    Another blunder several investors often commit while investing in mutual funds is not reviewing the performance of your fund. Several investors often assume that their job as an investor ends up selecting the right fund for their portfolio. However, that is only job half done. A successful investor ensures that they monitor and review the performance of their schemes and their portfolio on a regular basis. This will help them to eliminate the funds that have been constantly underperforming and delivering poor returns to investors.

There are many things to consider when planning for retirement. These include marriage, family, college, and career changes. Taxes, tax planning, and unexpected events. You can’t drive it on autopilot. It requires constant attention and adjustments.

You need to make a lot of decisions along the way. The wrong ones could potentially cost you hundreds of millions of dollars. These are the top four mistakes that people make when planning for retirement.

#1 Mistake: Thinking you can always start tomorrow

Many retired people regret not starting to save earlier for retirement. This is a common mistake. It is easier to save money for a future event, like retirement, than to spend money now. Our ability to save can be impacted by the daily expenses of life. If we don’t start saving early, we miss two powerful forces that can help grow our money: compound returns and time.

This is the amount you’d need to save in order to have $1,000,000 when you turn 65 (assuming a return of 8%).

  • For 20 years, about $300 per month.
  • Around $650 per month for 30
  • At 40, almost $1,400 per month.
  • By 50, an incredible $3,400 per Month

Waiting is a way to make more money to catch up.

You don’t want to start too late. Here are some tips to help you avoid that. It is easier to make small changes, is more likely to stick, and will not disrupt your life. Save 1% of your income and increase your savings rate by 11% over the current level. Increase your savings rate by 1% every six to twelve months. You can make small changes that will have a significant impact on your retirement.

#2: Ignoring the Effect of Fees on Your Returns

Fees can have a huge impact on investments. Even small differences of 0.50% or 1 percent can have a significant impact on your investments. This is because the fees you pay each year increase as your money grows. High fees for financial advisors or investments can lead to costly mistakes. These fees drain your money.

Let’s say you have $25,000 to start a retirement account. You save $10,000 each year and get a 7% return. You could lose 20% to 25% of your money by paying a 1% fee (over 30-40 years). For every $1,000,000 that you could have saved you would have paid $200,000-$250,000 in fees. You may have a different situation, but fees can cost you a lot over time.

Avoid high fees by focusing on investments that have the lowest costs, such as ETFs. ETF fees can be as low as 0.5%, as opposed to the 1% fees that many investments charge. A second thing to do is find out the cost of working with a financial advisor. Many financial planners charge a flat fee of 1% based on the amount you invest. This means that your fees will increase as your money grows. Instead, find a CFP(r), who will charge a flat fee tailored to your needs.

#3: Investing in the Wrong Way

Many believe that investing success is about timing market movements to avoid losses and downturns or picking winners. Poor behavior is a key component of poor investing. Studies show that investors who react too quickly to market downturns and try to time them correctly make less.

According to the annual DALBAR investor behavior survey, the average investor* outperformed the S&P 500 Index more than four percentage points in a 30-year period ending on 12/31/2020 (6.4% compared with 10.70 %)**.). This is how much you’d have after 30 years if $100,000 was your starting capital.

  • 6.2% return = $614,000.
    • 10.70% Return = $2,110,000.

This is almost $1,500,000 difference. Imagine what this amount of money could do to you.

How to avoid making a mistake: Create a financial plan that clearly defines your goals. Next, create a financial plan that clearly defines your goals. Stay invested and be disciplined (i.e. behave). You should be able to adapt your investment strategy to your life and plan. It will allow you to achieve long-term success through market returns and not try and beat them.

#4: Believing That Professional Guidance Is A Cost Not An Investment

Consider the investments that you have made to improve your professional, personal and emotional well-being. These could be degrees and professional certifications or gym memberships. Therapists can also be included. We often avoid financial advice due to the perceived cost. Financial advice can be seen as an expense, not an investment. This is a costly error.

According to a Vanguard study, a financial advisor can increase investment returns by as much as 3 percent per year. How? It’s not about stock timing or stock selection. It’s about helping clients to create a low-cost strategy that is tax-aware, appropriate for their risk, and helping them stay disciplined.

Avoid missing an investment that is essential. Find a CFP(r). This professional can help you plan for your entire life, not just investments. When done correctly, financial planning can help you plan for your entire life. This includes marriage, children, retirement, career changes, college, and more. This is a wise investment that will help you avoid costly mistakes and significantly improve your quality of life in retirement.

Create a Plan Today to Avoid These Mistakes

You have many opportunities to make costly mistakes on your way to retirement. These mistakes can put your retirement at serious risk. It is crucial to have a personalized plan that evolves over time. This will help you avoid costly mistakes and keep more money in retirement.

This post was written by All Seasons Wealth. At All Seasons Wealth, we provide expert advice and emphasize the importance of creating in-house portfolios to personalize your strategy for asset management, financial planning, and cash management. We utilize research and perform market analysis to provide you with retirement planning in Tampa Fl. No matter your needs, we can work with you to develop a consulting solution tailored to you.

Any opinions are those of All Seasons Wealth and not necessarily those of RJFS or Raymond James. Investing involves risk and you may incur a profit or loss regardless of the strategy selected. Investing involves risk and you may incur a profit or loss regardless of the strategy selected. Every investor’s situation is unique and you should consider your investment goals, risk tolerance, and time horizon before making any investment. Past performance may not be indicative of future results.

If you are planning to file for bankruptcy, you must determine if filing it will help you. It is one of the best ways to get relief from the debt. However, it should be beneficial for your financial condition. You can file for bankruptcy without an attorney.  To get the right guidance to file for bankruptcy in Katy, you must consider getting in touch with an attorney who can help you in the best possible manner. Below mentioned are a few steps, which you should take if you want to file for it:

Organize your documents

First, you need to collect all the required documents so that you can understand the current financial standing. You should get a free copy of your credit score. Various loans may not be listed in your credit score reports such as medical bills, payday loans, personal loans, and tax debts. It is a good idea to make a list of all the debts that are not included in this report. This way, you can get the details quickly and you don’t have to look for them elsewhere. 

Credit counseling

Every person who wants to opt for bankruptcy has to undergo a credit counseling course for about 6 months from an approved agency.  These courses are designed for you to understand whether you can stand on your feet again or bankruptcy is the last resort.  You can complete this course through the internet or by phone. You will also receive a certificate after completing the course, which you will be required to submit in court when you file for bankruptcy.

Completing the application forms

If you want to file for bankruptcy, you should complete the forms and there are many of them. It is highly recommended to read all these documents beforehand. You will have to provide all the details such as everything you earn, spend, make, owe and own. You also need to give the details of the bankruptcy lawyer you have hired and the kind of bankruptcy you are applying for.

Paying the fees for filing

You should note that if you were filing for bankruptcy, you would have to pay fees. If you don’t have the money to pay it in lump sum amount, you can pay it in installments. If you still cannot pay the fees, you can fill another form to get your fees waived off.

To get the bankruptcy without any issue, it is highly recommended to get in touch with a lawyer.

Because most accident claims are settled outside of court, people often wrongly assume that they can get a fair settlement from the insurance company. If you were injured in a car crash in Houston, you should consider hiring an attorney without delay. Texas is a fault state. If the other driver was negligent and caused the accident, you could claim compensation from their insurance company by filing a third-party claim. Unfortunately, insurance companies are not here to settle claims. Insurance representatives are known for using varied tactics to reduce the financial liability of the company. The question is simple – When do you really need to hire a Houston car accident attorney? Below is an overview for your help. 

When you need help with your claim

How much should you realistically expect in a settlement? The answer depends on many factors. Nothing can undo the accident, but the financial compensation can help you tide through the tough times. The worth of your settlement depends on the losses and injuries you have endured. The settlement should ideally cover your emergency medical care and treatment after the crash, long-term medical treatments, surgeries, physical therapy, income loss, and lost future income. If you have suffered a permanent disability, the eventual settlement would be a lot higher. If you don’t know what to ask in a settlement after the accident, call an attorney. 

When you don’t want to deal with the insurance company 

Insurance companies are infamous for their apathy. You may believe that the insurance claims adjuster will understand your pain and suffering, but in practice, they are just concerned about reducing what they pay in settlements. Whether you file a claim with your insurer or decide on a third-party claim, there will be evident pressure to settle. The insurance representative may also ask you to give a recorded statement. Because of these reasons, accident victims often end up getting a lower settlement amount. If you don’t want to deal with the insurance claim on your own, hiring a lawyer is the right decision. 

When you are at fault

In Texas, you cannot file an injury claim and seek compensation from the other party if you are more at fault than them. If your fault share is 50% or higher, you cannot get anything at all because of the modified comparative fault rule. Consider hiring a lawyer so that you don’t lose your chances of getting a settlement. 

You can find accident attorneys near you through an online search.

All vehicle owners are aware of the necessity to have motor insurance coverage as the law, the Motor Vehicles Act, makes it mandatory. But when selecting an insurance policy, its premium is an essential factor. For many, it can be a deal breaker and thus it is critical in deciding whether to opt for a particular plan, both at purchase as well as vehicle insurance renewal.

If you are out there looking for a motor insurance plan, the question of what exactly impacts the premium might surely have crossed your mind. This article aims to answer that burning question helping you have a clear understanding, whether you buy a private or commercial vehicle insurance.

Insured declared value (IDV)

Insured declared value, also commonly referred to as IDV, is common terminology that all motor insurance plans include. It is the utmost amount that an insurance company will compensate in the instance of damage to your vehicle that is beyond repair. Often misinterpreted as the resale value, it, in fact, is arrived after accounting for depreciation from the present estimation of the four wheeler or bike. Since IDV is the compensation paid by the insurance company, the premium is impacted. Thus, greater the IDV, subsequently greater is the premium. * Standard T&C Apply

Types of motor insurance

The type of insurance policy is also determinant in deciding the premium. There are two types of motor insurance plans available —third-party plans and comprehensive covers. A third-party plan, also known as liability-only cover provides for the damages to a third person which can be in the form of property damage or compensation for injury or death. However, it offers no coverage for the repairs to the policyholder’s vehicle. Since these plans offer limited and mandatory coverage, the regulator, IRDAI, determines the premiums for these policies. On the other hand, for a more extensive coverage, comprehensive policies can be chosen which includes own-damage cover alongside the third-party cover. As the scope of a comprehensive plan is broader, the premiums are on the steeper side. Please visit the official website of IRDAI for more details.

Add-on riders

An extension of comprehensive plans are the add-on riders that offers the facility to customise the policy coverage. These additional features are optional and can be purchased alongside a standard comprehensive policy. Being optional in nature, they are not included in the standard policy scope and hence are priced over the standard plans thereby impacting premiums. So, make sure to select the right set of add-on as they have a direct bearing on the price of your insurance policy. * Standard T&C Apply

Location of registration

The registration location is another factor that impacts the premium of your policy. Vehicle insurance premiums are classified in two zones—Zone A comprising of eight metro cities of Kolkata, Chennai, New Delhi, Mumbai, Bengaluru, Hyderabad, Pune and Ahmedabad while Zone B which includes rest of the country. So, based on the registration location, the premium of your policy is determined.

Vehicle’s usage

The purpose for which a vehicle is used is an essential determinant for its premium. Motor vehicles used for commercial purposes have a higher premium for the risk that an insurance company has to undertake whereas private vehicles have lower risk. Thus, the premiums for the latter are affordable.

These are some of the different factors that result in the premiums either increasing or decreasing. So, the next time you are pondering on how the premium is impacted, keep these elements in mind. Also, please bear in mind that insurance is the subject matter of solicitation. For more details regarding features, what’s excluded, terms, conditions, please read the brochure / policy wordings carefully before finalizing a sale.

A bike insurance policy offers dual benefits of legal compliance along with financial protection for damages. These damages may either be payable to a third person or for the damages sustained to your bike. Hence, it is essential you ensure continued renewal of your two wheeler insurance policy. This article lists down some handy tips that can help you have a seamless bike insurance renewal process:

Decide the policy before its expiry: Renewal of your insurance cover gives you the option to change your policy or even upgrade if you wish to. A third party bike insurance is minimum requirement as per the Motor Vehicles Act, but you can opt for a comprehensive plan too. While the third-party plan covers legal liabilities payable to a third person in the event of an accident or collision, it offers no coverage for the damages sustained to your bike. Hence, a comprehensive plan provides a 360-degree cover when it comes to insuring against damages. It is essential you decide upon the type of insurance policy before the expiry of your current insurance plan. This gives you sufficient time to weigh the pros and cons of each and then come to terms of finalising one. Moreover, it is recommended you start this process at least 45 days in advance that helps you decide the type of policy and its coverage not at the eleventh hour.

Take advantage of the no-claim bonus: No-claim bonus or NCB is renewal benefit offered by the insurance company for times when no-claims are made during a policy tenure. This no-claim benefit is of cumulative nature and accrues over time thereby, offering a concession in form of reduced premiums at your two wheeler insurance renewal. Moreover, as time passes, the amount of such bonus increases starting at 20% going all the way up to 50% for consecutive claim-free policy years. You can visit the official website of IRDAI for further details.

Reassess the coverage: Insurance coverage must be periodically reassessed. This is required so that any shortcomings in your bike insurance coverage can be amended to make it right based on your requirements. This reconsideration may require you to either enhance the policy coverage or amend it to suit the needs at renewal.

Amendment or correction for any errors: There can be instances when you relocate to a new place that results in changes in your personal information. Also, any modifications to your bike may mean change in vehicle details. Such changes need to be reported to the insurer. Renewal of your policy is one such time to intimate your insurance company for these changes. In addition, any errors in your insurance coverage can also be amended at this time thereby ensuring the right information is available with your insurer.

Renewal of policy after expiry: It is better to avoid such a situation, but it may happen in case of missed timelines. If your policy has expired already, you can make use of the grace period to renew your policy without losing out on the renewal benefits. Comprehensive plans offer the no-claim bonus which remains valid for 90 days even after the expiry of your two wheeler insurance policy. Thus, ensure any delayed renewals are carried out within such duration to avail continued policy benefits. You can visit the official website of IRDAI for further details.

These are some of the considerations that can help you renew your policy smartly. When buying a policy, remember that insurance is the subject matter of solicitation. For more details on benefits, exclusions, limitations, terms and conditions, please read sales brochure/policy wording carefully before concluding a sale.