How to Send money to Indian when Receiver doesn't have a bank Account? [Solved]

You can use Western Union's money transfer facility If you are sending money to your parents or relatives in India, who are not used to modern banking and don't have any internet banking or simply a bank account. The Western Union has a tie-up with a Federal bank which allows a Hassle-free method of money transfer where the receiver need not have an account. How does it work? Well, an NRI sends money and informs the receiver about a PIN number, who can then collect money from any Federal bank branch by producing PIN and their ID proof e.g. Aadhar card, Voter Id card, Rashan card, PAN card, or any other acceptable document as ID proof by banks. This facility is offered in association with Weizmann Forex Ltd.

10 Common Car Insurance Terminologies You Must Know About

Due to a lack of information on particular words specified in the car insurance policy document, most car owners buy a car insurance policy based on its coverage and premium but do not grasp its terms and conditions. As a result, using the policy becomes more difficult. As a result, before acquiring a vehicle insurance plan, it is advisable to familiarise yourself with the most prevalent car insurance dictionary words. To help you make an informed decision, let's look at some of the most common phrases related to vehicle insurance. Terms Commonly Used Among the often used terms are: · Covers with Add-ons Additional insurance coverage, known as add-ons or riders, can be purchased in addition to a Comprehensive Plan. These plans are not available as a standalone cover or in combination with a Third-Party Plan. Coverage or service-related add-on covers are also possible. A Zero Depreciation Add-on, for example, is more of a coverage-enhancing add-on, whereas a Roads

Business Insurance Basics

Business Insurance Basics Most businesses need to purchase at least the following four types of insurance: 1. Property Insurance Property insurance compensates a business if the property used in the business is lost or damaged as the result of various types of common perils, such as fire or theft. Property insurance covers not just a building or structure but also the contents, including office furnishings, inventory, raw materials, machinery, computers and other items vital to a business’s operations. Depending on the type of policy, property insurance may include coverage for equipment breakdown, removal of debris after a fire or other destructive event, some types of water damage and other losses. Business Interruption Insurance Also known as business income insurance, business interruption insurance is a type of property insurance. A business whose property has sustained a direct physical loss such as fire damage or a damaged roof due to a tree falling on it in a windstorm and h

The Burden of Risk

The Burden of Risk The presence of risks saddles on the individual and society some measure of social and economic pains. Every risk holds the prospect of actually resulting in some economic losses and in addition some social pains. When a house is destroyed by fire, or a vehicle is ruined in a crash, or a breadwinner dies or money is stolen or you negligently injure a person or damage his property, financial losses would be involved. In addition to the financial cost of losses brought about by risk, there is the pain of fears and worries resulting from the uncertainty as to whether or not loss would occur. All these underwrite the need why a prudent individual and society should prepare for a possible occurrence of loss. The greatest burden of risk, therefore is loss. Risk put three major burden on the society: (i) The creation of adequate contingency (ii) Deprivation of society of needed goods and services (iii) The creation of per

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