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Thursday, January 09, 2020

Thursday, January 09, 2020

Immediate Payment Service (IMPS): A generally used money transferring payment method

Immediate Payment Service (IMPS): A generally used money transferring payment method


Hey readers, today's topic is very interesting because today we're going to talk about Immediate Payment Service (IMPS).

We are living in a fast forward world and in this world, everyone wants his/her work can be done in minutes. Before some time there was a lack of facilities for doing work immediately and that's why people had to face many problems in doing many works like transport and many others. In this matter, there are also many problems to transfer their money from one place to another.


imps
IMPS



In today's world where technology is being the main source of life. Many peoples need to sent money from one place to others.

To solve this problem a solution came that this Immediate Payment Service (IMPS).

      What is IMPS?

Immediate Payment Service (IMPS) refers to a service that is used to done instant payment. This is also called the best method of Inter-bank electronic funds transfer. This service is the most used service in India. IMPS (Immediate Payment Service) can be done with the help of mobile phones, laptops, and many others also. As the name of IMPS (Immediate Payment Service), we easily assume about the work that this service help to transfer money immediately. 


      History of IMPS?

This service is firstly introduced in the year of 2010. The exact date of launching of this service was 22nd November 2010. The operating area of this service is in India. This service did not reach other countries yet. IMPS (Immediate Payment Service) is now controlled by the National Payment Corporation of India (NPCI). NPCI launched this service with the help of its four partners which are State Bank of India, Bank of India, Union Bank of India and ICICI Bank. These are the partners of NPCI at the time of launching. NPCI also included HDFC Bank, Yes Bank, Axis Bank for expanding this service.



      Current situation of IMPS in India?

IMPS becomes the main source of transferring payments from one Bank account to another. This current situation of IMPS in India is very abroad. In today's time, there were more than 53 commercial banks using this service. 101 banks which are Rural/District/Urban and some cooperative bank also which are using this service.


      Is IMPS is a safe method for payment transferring method

Yes, IMPS (immediate payment service) is totally a safe technology to transfer money. This service is adopted by most of the bank. This service is the best service which is provided by the government to easily transferring money from one place to another. IMPS safely transfer 200 million dollars transaction in every month. This is a very huge level which clarifies that this service is very trustworthy and reliable.

      Requirements to transfer money through IMPS

A person who wanted to send money through IMPS should know the bank account number of that person for whom he wanted to send money.

Conclusion

So, here we saw all the information about IMPS (Immediate Payment Service). This service is very trustworthy and reliable which doesn't take more charge for using this service.

Wednesday, January 08, 2020

Wednesday, January 08, 2020

Top 5 car insurance companies in India


Top 5 car insurance companies in India

In today's time, everyone wants his/her assets are getting safe from any kind of disaster. We listened to many accidents and incidents every day in which we saw that many vehicles no matters whether is it a commercial vehicle or any other vehicle they all had accidentally damaged any time. If we saw before some years we got that there were no facilities to overcome with this but now we had plenty of ways to overcome the loss of vehicles.

car-insurance-companies-in-india
car-insurance-companies-in-india


Their insurance companies provide the facility to overcome the loss of many accidental problems which was done with the insured person.


       What is the insurance company?

The insurance company is an organization that promises to pay a certain amount in return of some premium to the insured object.


       Top 5 car insurance companies in India

1.     Bharti AXA General life insurance company

Bharti AXA General life insurance company is a great company for car insurance. This company also provides the facility of some other types of insurance but this company is a well reputable company in the matter of car insurance.

Bharti AXA General life insurance company had 79 offices in all over India.

Bharti AXA General life insurance company issued more than 9.8 million policies which make the reputation of this company in high demand. Widespread cashless garage facility with 2,500+ registered garages all over India.

This company had a special add-on covers like Zero Depreciation Cover, No-Claim Bonus Protector, etc.
Bharti AXA General Insurance offers a good facility to its customers.



2.     The New India Assurance company

This company is also a very good reputation company in the matter of car insurance. The area of this company is very abroad because this company provides it's faculty in more than 28 countries. This specialty of this company makes it trustworthy and reliable. This company worked in the car insurance industry for 40 years. This company has 2,452 offices worldwide with 1,339 micro offices.

3.     Tata AIG General insurance company Limited

This company is another franchise of Tata Company groups. TATA AIG provides the car insurance facility to the whole world. TATA AIG company started in the year 2001. The area of this company is not very abroad but this company gives the best facility to its customers. This company had 150+ offices all over the country and the directors of this company started to push their business in other countries.

4.     Bajaj Allianz General insurance company

This company got the award of the best insurance company in India many times. Bajaj Allianz General insurance company is also a trustworthy and reliable company for general insurance.

5.     ICICI Lombard General insurance company

This insurance company is counted in one of the best general insurance company in India. This company had plenty of policies in lots of criteria. The claiming process of this company is very easy and efficient. ICICI is mainly provided banking facility but they started to provide general insurance and many other facilities to their customers.

Friday, January 03, 2020

Friday, January 03, 2020

Lithium Battery: Most demanded battery of the world


Lithium Battery: Most demanded battery of the world

Hey readers, today's topic is very fascinating because today we're going to talk about Lithium batteries. In the technical world where most of the technologies are working on electricity, there are also some gadgets who are working on batteries.
The most efficient and effective technology which helps to increase the working capacity of plenty of electronic objects is battery.

Lithium Battery
Lithium Battery




What is the battery?

A battery is equipment which stores power in it. In today's world, most of the electronic devices are running on battery. This is the only object which can store power and consumer can transfer this power for running of many gadgets.

The battery is used in Mobile phones, portable gadgets, medical equipments, and many other gadgets.
In this article, we're going to analysis the lithium battery.


Topics mentioned

1.     What is Lithium Battery?
2.     Advantages of Lithium Battery?
3.     Disadvantages of Lithium Batteries?
4.     Needs of Lithium Battery?
5.     Why a person invest in Lithium Batteries?
6.     Scope of Lithium Batteries in the future?
7.     Price of Lithium Battery in India?
8.     Top  manufacturing Companies of Lithium Batteries in India?
9.     Conclusion

So, Let's start

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1.     What is Lithium Battery?

Lithium Battery refers to a type of battery that has Lithium as its anode. These have more power consumption properties as compare to the other types of batteries. Lithium Battery is also famous for the name of Lithium-metallic battery.
Lithium batteries are said to be the most effective battery because of their properties of high-charging density which gives the benefit of long life to this battery. The elements of Lithium battery are pretty expensive and changes a good cost to the consumers. Lithium batteries are primary batteries that are mostly/widely used in consumer devices which are portable.
The lithium battery is mostly used in electronic vehicles because electronic vehicles need a high density of power to operate the operations of electronic vehicles. This battery is also used in solar panels, Medical equipments, and power backups.







2.     Advantages of Lithium Battery?

The advantages of Lithium Battery are given below.

       Charging properties:- Lithium Battery has the great charging properties in it. A lithium battery takes the time of 2 hours almost for charging one time. This battery is more efficient than lead-acid batteries in case of fast charging. According to the experts, a lithium battery charges more than 5x as compared to lead-acid batteries. A Lithium battery takes 2 hours to be charged but lead-acid batteries took almost 10 hours.

       Easy to carry:- The most attractive advantage of Lithium Battery is that lithium batteries are logistics which means that this type of battery can easy to carry anywhere. This battery doesn't have any acid flow while carrying anywhere.

        No maintenance cost:- lead-acid batteries charge a maintenance cost to its a user but Lithium battery never needs any kind of maintenance cost which makes it compatible and this was the reason that this kind of battery is the most demanded battery in the battery market.

       Efficient:- Lithium batteries are a more efficient type of battery as compare to lead-acid batteries. The optimization of the density of energy is very high which is one of the most important advantages of Lithium Battery.

       Long-lasting:- The life span of a Lithium battery is very long. This battery can handle more than 3000 times of the charging cycle.




3.     Disadvantages of Lithium Battery?

       Expensive:- The most attractive disadvantage of Lithium Battery. These batteries are high on cost because Lithium which is used in this kind of batteries are expensive. Lithium Battery has many advantages but this battery also came with a high cost. This is the reason that many middle-class families didn't use this and use it's alternative which is lead-acid batteries.

       Inverter compatibility:- There is a lack of inverters that can able to operate Lithium Battery. The companies who are the manufacturer of inverters mostly made lead-acid inverters. But, now companies are moving to make the lithium battery inverters. Luminous is the first company that is able to make the inverter for a lithium battery.

4.     Needs of Lithium Battery?

Lithium Battery specifically needs for automobiles and in the future, this battery is needed for mobile phones and many other electronic gadgets. The properties of Lithium Battery makes it attractive and influence the people to use this kind of battery. This battery is also needed for solar panels. Solar panels are also a very useful gadget for electricity saving but the use of lead-acid batteries reduces his performance because the solar panels can give solar energy mostly in the day time. The time of night can be an issue for this because the lead-acid battery discharges very-soon. The use of Lithium Battery in the place of a lead-acid battery in the solar system gave rise to the performance level of the solar panels. Lithium Battery takes less time to be fully charged and this battery also has more compatible then the lead-acid battery.


5.     Why a person invest in Lithium Battery?

In the above article, we saw the advantages and disadvantages of Lithium Battery. It will give us the idea to think about the reliability of Lithium Battery. Lithium Battery is the most demanded and compatible battery. It has the long-lasting compatibility of power which makes it more efficient. Many businessmen also invested in the Lithium battery business. The government also takes many initiatives to promote Lithium Battery. Lithium Battery gives more satisfaction as compared to other types of batteries.

6.     Scope of Lithium Battery in the future?

The scope of Lithium Battery is very abroad in the future. In past times the use of Lithium Battery was very narrow and Lithium Battery was used in very limited vehicles but, now many international companies invested in Lithium Battery inverters and many companies also try to use this battery for Mobile phones. Today's world can't live without technology and technical gadgets and most of the electronic gadgets are running from battery. Lithium Battery is more effective and compatible as compare to others. In future times most of the electronic gadgets are running on Lithium Battery.




7.     Price of Lithium Battery in India?

Lithium Battery is said to be the most costly battery as compare to the other batteries. But, in the past few years, the price of Lithium batteries are fallen by 60%-70% not only in India but in the whole world. China became the largest manufacturer of Lithium Battery in the whole world. China produced more than 73% of Lithium batteries in the whole world. The price of 12Ah-12.8V is 3500 rupees. This price is 3 times higher price as compared to lead-acid batteries. There is the range of Lithium Battery which are most demanded are 12.5 Ah, 20 Ah, 80 Ah, 1OO Ah & 120 Ah which are available on many online stores.

8.     Top manufacturers of Lithium battery in India.

There are many manufacturers of Lithium Battery who make lithium batteries and many more.

       Exide:- Exide is one of the leading companies or manufacturers of lithium-ion batteries. This company started the production of Lithium Battery in the month of December and achieved the position of one of the leading companies for Lithium Battery. This company uses a good technology which makes its reputation high in the battery market.

        Okay:- Okaya is a company which makes batteries. This company is well reputed company of Lead-acid batteries and now this company also diversify it's business and started making of Lithium Battery in India.

       Samsung:- Samsung is a well-known company for mobile phones but this company also a good producer of Lithium Battery.

       LG:- LG is also a well-reputed company for electronic equipment. The Lithium Battery of this company is mostly used in automobile vehicles.

       Tesla Motors:- Tesla Motors is a well-known company for electronic cars. This company was formed by Elon musk. Tesla Motors is also a great dealer of Lithium-ion batteries.

       Panasonic:- Panasonic is the best company for Lithium Batteries. The batteries of this company are said to be the best battery in the whole world. This company uses the advanced cell manufacturing technique which makes its battery relevant and compatible.

       BMW:- BMW is the leading brand for car manufacturers. In today's time, most of the automobile companies also sell their Lithium Battery and BMW is one of the companies that sell their Lithium Battery.

       NISSAN:- NISSAN is a company that makes luxury cars not only in India but in the whole world. The battery of this company contains Ni-Co-Mn positive electrode material and laminated-structure cells which highlighted the good feature of this battery.

       Toyota:- Toyota is a Japanese automobile company that is a well-known company for luxury cars. Toyota also sells Lithium Battery and this battery is also used in the cars of Lithium Battery.

9.     Conclusion

Lithium Battery has a huge scope in future time and that's why most of the automobile Companies starts selling Lithium Battery in market. Loom solar a most popular company for solar panels also starting to invest in this battery. Loom solar is a very reputated company which provides the superior quality products to their customers. The Lithium Battery from loom solar is also an another superior product form this company. The company also give the complete information about their products which gave you proper guidance and knowledge about their products.

Tuesday, December 03, 2019

Tuesday, December 03, 2019

What is Bharti AXA Life Shining Stars Insurance Plan for Children ?

What is Bharti AXA Life Shining Stars Insurance Plan for Children ?

If you’re a responsible parents and you’re stressed about thinking on expenses of higher education of your children, then you should relax because Bharti AXA has launched the “Bharti AXA Life Shining Stars” policy only for this purpose. This policy is giving lots of benefits along with some relaxation and zero limitations. This is the policy that everyone should know about and that’s why In this article, I am going to explain that what is “Bharti AXA Life Shining Stars Insurance Plan for Child”, a newly launched Life Insurance Plan from Bharti Axa.




What is Bharti AXA Life Shining Stars?



This is the new Child Insurance policy launched by Bharti AXA. In this life insurance policy, the Bharti AXA is going to cover the children along with their parents. It means that there’s no need to buy any special or particular life insurance policy for Children. Bharti AXA is giving cover to both Parents and their Children in this Bharti AXA Life Shining Stars Policy. This policy provides security to all family problems.


Company’s saying on Bharti AXA Life Shining Stars Policy

The company has said that Bharti AXA Life Shining Stars is a non-linked and non-participating limited pay life insurance plan which gives payout return on maturity. This will help parents to collect enough amount of funds so that theirs children future remains secure. The Bharti AXA Company also added that through this insurance plan, the parents can be relaxed from the expenses on higher education of their children and other emergency expenses.



Talking about the details of Bharti AXA Life Shining Stars Policy, the Bharti AXA CEO Vikas Seth said that Education and Career planning of children is the first priority of any parents and for that, they have to think on financial arrangements. The handling of educational expenses is not an easy task and that’s why company has launched this policy.

He further added, This policy has double advantage of Savings and Security, the parents have to relax from the future educational expenses of children. They will get full financial help in different stages of their career so that they can achieve success without any compromisation.

Some Details of Bharti AXA Life Shining Stars Policy

In this insurance policy, the parents can choose between Plexi Payout and Annual Payout as per their needs. They can make the choice on the initial stage of the policy and the best part of this is that one can make changes at the time of maturity so that parents cannot be restricted to their initial decision. The minimum age to purchase Bharti AXA Life Shining Stars insurance Policy is 18 years and maximum age is 60 years. The person who purchases this insurance policy and pays premiums will get various benefits on taxes as well. If you’ve some questions regarding this policy, then you can freely ask your questions.

Thursday, November 21, 2019

Thursday, November 21, 2019

How to Open Bank Account in Axis Bank ?

How to Open Bank Account in Axis Bank

Hey readers, this is a fascinating topic that everyone should know that is how to open saving account in a private bank named Axis bank who want to open an account in this bank. All the applicant who want to apply in this bank firstly they should know about this bank. So, let’s get started.

What is Axis Bank?

Axis Bank
Axis Bank




It is a third-largest private bank of India is offering a wide assortment of financial products. The head office of the bank is in Mumbai, Maharashtra. It has 4050 branches, 11,801 ATMs and 4,917 cash recyclers spread all over India as of 31 March 2019 and also 9 international offices. The employee of the bank counted 55,000, which is a great number. If you want to open an account in this bank than we have to discuss eligibility criteria first for better understanding. 

Eligibility criteria to Open Saving Account in Axis Bank are listed below :

•    The applicant should be a citizen of a country in which an applicant what to open an account.
•    The applicant should be 18-year-old and above to be eligible to open an account, except in the cases of minor saving account.
•    The applicant will be required to submit valid KYC documents providing their identity and address proof along with the account opening form.
•    Hindu undivided families are also eligible.
•    At the time of opening the account after completion of all processes, the applicant has to deposit initial payment depending upon the minimum balance requirement of a particular saving account.
Documents required for Axis Bank Saving Account are listed below:

For Individual Applicants

•    Two passport size photographs for the form. If applying offline.
•    Proof of identity – Voter’s ID Card, Passport, Driving License, etc.
•    Proof of address – Voter’s ID Card, Passport, Driving License, etc. If the temporary and permanent address is different than both addresses must be submitted.
•    PAN Card.
•    Form 16 (if the applicant doesn’t have PAN Card).
Additional documents required for Hindu undivided families.
•    All the documents mentioned in the Individual of Karta.
•    Declaration form from Karta
•    Prescribed joint Hindu family letter that has been signed by Karta.
For Joint Application
•    Identity and address proof of both parties.
•    In the case of the married couple, only the address of the primary account holder will be required.

Steps to Open an Axis Bank savings account are listed below.

•   Visit the Axis bank homepage. Visit the bank if you want to open offline. 
•    Press the saving account button. Take a form if applying offline.
•    Now choose the type of saving account you want to open in both cases online and offline.
•    Now the applicant has to fill the form in both offline and online mode. Note, all fields would be required to fill to avoid rejection.

•    As soon as the applicant applying for saving accounts, they that to submit the proof in the form of the document listed above. 

•    Once the form filled than submit the form online and visit the Bank to complete your KYC. If applying in offline mode than submit the form in the bank with KYC documents.

•    If you complete all steps told before then the executive will verify your documents.

•    This is the last step to the initial deposit of some amount in the account according to a minimum balance requirement.

•    Now, your account is Opened executive will provide you essential documents of Bank.

If all the steps you have completed than congratulation your account is ready for a transaction.

Wednesday, November 13, 2019

Wednesday, November 13, 2019

Aditya Birla Sun Life Insurance Company : A one of the best insurance company in India

Aditya Birla Sun Life Insurance Company: A one of the best insurance company in India

Hey readers, this topic is very fascinating because in this article we're going to talk about one of the best insurance company in insurance market. The Name of this company is ABSLI.

(Aditya Birla Sun Life Insurance Company)

Aditya Birla Sun life



Topics which are discuss in this article.

1. Introduction 
2. Income status
3. Network Area 
4. Categories

1. Introduction 

Aditya Birla Sun Life Insurance Company is an undertaking company of Birla Sun Life Assets Management Company. This company is a joint venture company of Aditya Birla Group of India and Sun Life Insurance group from Canada. This company was established on 4th August, 2000.



On 17th january, 2001 this company is start doing commenced operations.

ABSLIC is said to be One of the leading life insurance company of India. This company provides lots of insurance schemes to it's customer's. The category of insurance policy provided by ABSLIC to it's customers.
At current time this company cross more then 2 millions of policy holders. 
The percentage share of Aditya Birla Group in this company is 51% and 49% are owned by Sun Life Finance group.


2. Income status

If we talk about Income of this company let me clarify you that according to the recent reports Birla Sun Life Insurance Company Generate the total AUM of $ 410,110 million. This can be more in upcoming years. This company also generate annual income from premiums is about $ 12,617 million. This income is massive income as a insurance company. It will also increase in the upcoming years. 



3 . Life insurance categories

This company provides various kinds of policies to it's customers. This company has various categories of insurance company.
The categories of life insurance are listed below.

1. Life term solutions = In this category company provides whole life insurance policies to it's customer's.

2. Saving with protection = In this category company offers accidental coverage or disease coverage to the policy holder.

3. Children future solution = In this category of Insurance policy company offers insurance policies related to Children future coverage.

4. Pension solution plan = On this category company offers to their customer a pension plan after an suggested age.

5. Whole life term plan = This plan refers to a plan which gives a whole life cover plan to the policy holder. The return of this plan on the maturity is very high. This will give a huge benefit to the policy holder.


4. Network area of ABSLIC

It contains a large area or we can say networking area. In the current stage ABSLIC has their network in over 500 cities and 560 branches 85,000 advisors with 140 partner's. The network area of this company is great but there are some other companies who have more area then ABLIC.

Conclusion

So, here are all the information about Aditya Birla Sun Life Insurance Company (ABSLIC). This company is an leading company in their field and gave a tight competetion to it's competetors.

Hope you like.