SKI Retail Capital Ltd established in the year 2001 serves as a window to the world of financial products by giving its customers stupendous exposure to the wide range of investment avenues. Besides being a strong player in financial assets advisory segment, the company is proud that Shriram group, a leading business conglomerate with Rs.90,000 crores AUM has invested in the equities of our organization.
Health Insurance
No one plans to get sick or hurt, but most people need medical care at some point. Health insurance covers these costs and offers many other important benefits.
Why Do I Need Health Insurance?
One common thing that people have told me is that they made the decision to go without health insurance. When you are healthy and rarely see a doctor, it may seem like a good idea to cut out health insurance completely and to just go without it. You can pay for things as you go instead of worrying about the insurance premiums. However this is faulty reasoning. It is essential for everyone to always have some form of health insurance.
The reason is that medical emergencies are expensive. If you have a medical emergency without insurance, it is easy to find yourself with a crippling amount of medical debt, and seemingly no way out of the mess. One accident could cost you thousands of rupees in medical bills, and it can quickly climb higher if you need surgery or anytime in rehabilitation. Generally, that is a time when you will not be working either and that means that you will lose money that way as well. Emergency surgeries such as an appendectomy can be very expensive as well. Even with insurance you may find it difficult to pay for health care costs in these instances. It is very hard to pay for medical costs without health insurance, especially if you are checked into a hospital even just overnight.
Motor Insurance
Vehicle insurance covers damage to your mobile assets – everything from Two Wheelers, Cars, vans and four wheel drives to goods carrying vehicles, dumpers, forklifts, tractors and loaders. The policy covers damage to your vehicles or the property of third parties.Options to choose from for a Motor for Vehicle insurance policy include:
- Comprehensive damage to your vehicle
- Third party property damage cover
Motor vehicle insurance
Policies which cover loss or damage to private motor vehicles, trailers and the like and include:
- Comprehensive Motor Insurance - the most complete protection, covering against accident, fire, theft, and liability for damage to other vehicles and property.
- Third Party only - covers damage you may cause to another person's vehicle or property, but does not cover your own vehicle.
Life Insurance
Why do I need life insurance?
Who will take care of my family if tomorrow something unfortunate happens to me?
If this question bothers you, then Life Insurance is the answer. Of course, under any circumstances, the loss of a loved one is a traumatic experience. But, if your family is also left without sufficient money to meet basic living needs or prepare for future goals, they will have to cope with a financial crisis at the same time. A Life Insurance plan ensures that your family is financially secure even if tomorrow you are no longer around to care for them.
Need for Life Insurance
Today, there is no shortage of investment options for a person to choose from. Modern day investments include gold, property, fixed income instruments, mutual funds and of course, life insurance. Given the plethora of choices, it becomes imperative to make the right choice when investing your hard-earned money. Life insurance is a unique investment that helps you to meet your dual needs - saving for life's important goals, and protecting your assets. Let us look at these unique benefits of life insurance in detail.
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Investments
Fixed Deposits
Fixed deposits are a high-interest yielding Term deposit and offered by banks in India. The most popular form of Term deposits are Fixed Deposits, while other forms of term Deposits are Recurring Deposit and Fixed Deposits.
To compensate for the low liquidity, FDs offer higher rates of interest than saving accounts. The longest permissible term for FDs is 10 years. Generally, the longer the term of deposit, higher is the rate of interest but a bank may offer lower rate of interest for a longer period if it expects interest rates, at which the Central Bank of a nation lends to banks ("repo rates"), will dip in the future.
Usually in India the interest on FDs is paid monthly / quarterly / half yearly or annually as per the requirement of the Customer. The interest is credited to the customers' Savings bank account or sent to them by cheque. This is a Simple FD.The customer may choose to have the interest reinvested in the FD account. In this case, the deposit is called the Cumulative FD or compound interest FD. For such deposits, the interest is paid with the invested amount on maturity of the deposit at the end of the term.
Although banks can refuse to repay FDs before the expiry of the deposit, they generally don't. This is known as a premature withdrawal. In such cases, interest is paid at the rate applicable at the time of withdrawal.