The automobile market has been booming since a long ago. The companies always try to attract customers with the newer models. Especially in the middle-east and the countries like Kuwait, the companies are offering cars in all the segments. You need to tap on the car segments available in the market. Before finalising any car, refer to the type of car you want to get.
Hatchback Cars It is seen that the people having average income go for hatchback cars. In this segment, usually a car has four regular doors, and the rear door opens in an upward direction. These cars are suitable for the compact family. E.g. Suzuki Celerio, Nissan Micra, Ford Figo etc. Multipurpose Vehicle or MPV Commonly identified as the people transporter, MPVs offer comfort with at least three rows in the car with large windows and doors. E.g. Isuzu MU-X, Chevrolet Captiva etc. Sedan Sedans can be said as the extended version of hatchback cars. These are usually designed in a way that projects three parts of the car as engine space, passenger space and the luggage space. Besides, sedans are a bit spacious than hatchbacks. E.g. Suzuki Swift DZire, Chery Arrizo7 etc. Sports Utility Vehicle or SUV A big car meant for off-roading is nothing but SUVs. These are the cars with high ground clearance. Initially, the interior was not given so much importance; but to match with the current requirements, the companies have started offering attractive customised interiors in SUVs too. E.g. Land Rover Discovery, Mitsubishi Pajero etc. Crossover Cars Simply, crossover cars can be defined as a blend of SUVs and the hatchback. These are bigger than hatchbacks but smaller than regular SUVs. E.g., Renault Duster, Hyundai Creta etc. Besides the types given above, you have other options as well, which are considered to be high end. The coupe cars are designed only with two seats, whereas convertibles cars are designed with a folding roof structure. Having own car is always a dream for most of us. But when it comes to buying a new car, it is ever seen that the financial budgeting meets the requirements. But not to worry, several banks in Kuwait offer auto loans that are easy to avail. The Kuwait bank rates are attractive as well as allow you can compare several banks to get the best one. Based on the type of car you choose and the income status, the Kuwait bank rates may vary. In short, get your favourite car with suitable Kuwait bank rates.
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The insurance sector in India is growing vastly, and the people look forward to the different life insurance plans designed to suit their needs. The basic requirement of any Indian is getting the corpus, and undoubtedly, no other option than investing in the market is available apart from the bank FDs and government schemes.
Understanding the customer’ needs, the insurance companies in India have introduced savings and investment plans that allow them to accrue the corpus over the period of time and fulfil the financial goals along with availing the insurance cover. Initially, the savings and investment plans were designed considering the people who have low and moderate risk appetite. But, as the demand is grown up, the companies were obliged to introduce more aggressive plans with some modifications in the policies. In short, in today’s date, there are two types of savings and investment life insurance plans that are most popular among the customers, which are as follows. Endowment Plans When the savings and investment concept was new in the insurance market, the insurance companies introduced the savings and investment plans focusing the people having moderate or less risk hunger. These were called the endowment plans, which were affordable, but on the other hand, provide average returns. Initially, most of the people aren’t aware of the investment market and its operations; thus, the insurers kept the functioning of the endowment plans very clean and simple. In such traditional plans, you need to pay the premiums for the sum assured and the tenure you choose. Further, the company invests your money into several bonds and market-linked products from which you can get additional returns apart from the sum assured. The funds where money is invested are not visible or accessible by the policyholders. ULIPs There are three types of people having low, moderate and high risk-hunger. For the first two, endowment plans were the best suitable; however, for those who wanted sizeable corpus at the end of the tenure, the insurers had to introduce something bigger. Here, the customer is willing to invest in the riskier investment instruments such as equities. Thus, to fulfil the needs of the customers, the insurance companies introduced the savings and investment plans with aggressive investment options. These are nothing but the Init Linked Insurance Plans or ULIPs. Here, the policyholder can choose the funds where he wants to invest his money and also switch between the funds within the tenure considering the market volatility. Both the savings and investment plans offer guaranteed maturity and death benefits, but the additional corpus and the risk associated to it differs. Analyse your needs, determine the risk appetite and choose an apt plan. |
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August 2022
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