FDZM Plan

Renewing a car insurance policy seems like a no-brainer. You just need to keep the expiry date in mind and make sure you get the payment done before that, right? Well, sure that’s one way to go about things but it’s surely not the ideal route to take.

For the most efficient renewal experience, there are a number of things that need to be looked at and this article will provide you a 5-point checklist of the more important ones, to ensure you get the most of your renewal process.

1. Are you receiving no claim bonuses?

If you’ve gone through the policy tenure without making a claim against your insurance, you are entitled to a ‘no claim bonus’. This is a discount on your premium amount that keeps on increasing for every year you go on without making a claim. It starts at 10% and goes all the way up to 50%. So if you have a claimless history, inquire if you’re receiving the NCB or not.

2. Reassess your cover.

You could go on just renewing the same plan, or you could add more protection to your plan, especially if you think you need it. You could protect your NCBs, or opt for roadside assistance or take the zero depreciation add-on.

3. Long-term car insurance is an option.

If you’ve been renewing a single year plan and you find the process cumbersome, you could simply upgrade to a long-term plan. Not only will this save you … Read More

Since a few years, people have been investing in stocks and it has mostly been a smart decision. Stocks, as an asset, can be very volatile. Most volatile stocks are capable of making you a great deal of money. The volatility of stocks is an inevitable truth in the stock market. Owners, traders and investors must be armed with ways to get out of certain circumstances and strategies to deal with situations of loss and how to make a profit even in those times.

There are a lot of ways of earning during volatile scenarios using options strategies. Strategies involving the selling either at the money or Out of The Money (OTM) or At The Money (ATM) options with an expectation that the trajectory of the market will not change much. It also takes into consideration the options premiums, and whether they will depreciate consequentially or just die, which will, in turn, create profits. Investors will be tempted to sell the most volatile stocks in situations of losses in the stock market. Selling options in volatile scenarios can be very tempting but it is extremely important to be hedged, otherwise, the disadvantages will be quite high if you are wrong. 4 legged options strategies such as Iron Condor and Iron butterfly give you the perfect hedge. Entering the strategies across different stocks with minor interrelation is a good idea to lower the chances of failure. Executing covered call strategy successfully over a period of time helps generate extra returns on … Read More