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Health Insurance

Tips To Buy the Best Health Insurance Plans in India 

Health-related expenses keep going up, and so do lifestyle-related disorders. The increase in health insurance policies covering these disorders is a sure sign that people are taking their health more seriously. But, with tens of vendors and a hundred different policies, it can be hard to pick one. This blog seeks to provide you with some helpful tips to help you choose a health policy that best satisfies one’s demands. [B-01] 1. Look for health insurance coverage The first step while choosing a health policy is to make a list of the extent of coverage one might need. A standard policy would cover the costs of hospitalisation and major surgeries. But, post-hospitalisation expenses, daycare procedures, or ambulance charges may not be covered. So, make it a point to identify what is covered and what is not when choosing a health insurance plan. 2. Keep the cost of premium low It’s important to look for a health plan that covers all bases. But it’s also important to ensure that the monthly or yearly premium is affordable. Having a budget in mind might help ease the process of comparing one health policy against another. You can always increase the coverage later, depending on your income and the number of family members. 3. Take the hospital network coverage into consideration Every health insurance vendor partners with a different range of hospitals. This network may vary from one vendor to another. The official website of your chosen insurance provider will explicitly mention all the hospitals that come under their network. So, make sure that your healthcare provider of choice is included in this list. Finding a new doctor and transferring digital health records from one place to another is usually tricky. 4. Opt for a family health insurance plan An individual health insurance plan costs significantly less. But it’s always a good idea to plan for the future. Opt for a family floater plan that lets you add in dependents later. In reality, a family health insurance policy costs less than individual ones for every family member. 5. Pick a health policy that offers lifetime renewability Yet another aspect to look at while opting for a specific health policy is if it offers lifetime renewability. This is always a better option since one is more likely to need health insurance later in life. While you can always get health insurance later on, it’s a tiring process. The cost of getting insured also tends to be sky-high then. 6. Get a health insurance plan early The older a person is, the more difficult it is to get them insured. A younger individual is less likely to experience their policy getting rejected. Keeping this in mind, getting insured at the earliest is always recommended. So, now one need not have to worry about extended waiting periods or sky-high insurance premiums. 7. Look out for settlement ratios The settlement ratio is a variable to look out for when comparing health insurance plans. It is calculated by dividing the number of claims that reach a settlement by the total number of settlements. Make it a point to pick a health policy that reports high settlement ratios to maximise the chances of a successful claim. 8. Keep an eye out for copay and exclusions What exactly does the term ‘copay’ mean? Some health insurance plans require policyholders to pay a certain share of the total bill even if insured. This might be hard to do when one doesn’t have money at hand. A better idea of these terms and conditions may help one be prepared for such an eventuality. But, picking a health policy with minimum copay stipulations might help avoid such a situation entirely. On the other hand, ‘exclusions’ is a term used to describe a list of health conditions not covered by a health insurance plan. This, for instance, may include mental health disorders. So, make it a point to read the documents carefully and understand the diseases not covered under the policy. 9. Note down the waiting period for pre-existing diseases Health insurance vendors list down waiting periods for pre-existing diseases. This time period tends to vary from one illness to another and also from one vendor to another. It is generally around 2 to 4 years for most, if not all, pre-existing diseases. It’s recommended to keep this time period to a minimum since emergencies cannot be avoided, and unforeseen health circumstances can occur anytime without warning. 10. Take advantage of discounts A lot of health insurance agencies tend to reward their customers with attractive discounts. These discounts are now an essential part of the health insurance package. Some vendors tend to offer a discount if no claims were made in a financial year. Meanwhile, others provide one-in-case payments for two-year plans instead of one. So, pick a health insurance plan that provides the maximum discounts in order to make the most of the premium paid. 11. Check the reputation of agencies What most people tend to forget to check while picking a health policy is the reputation of the firm. Read through online reviews of different agencies. Are their paying customers happy with the after-sales service? Have their claim settlements been satisfactory? If the answers to these questions are a resounding yes, then it is prudent to go ahead. Do talk to friends and family to understand their opinion of the vendors they chose. [B-02] Conclusion Picking the right health insurance plan is an important financial decision. It’s a decision that will likely have financial ramifications for years. So, make it a point to be aware of the extent of coverage, exclusions, caps, copay stipulations, and discounts offered. Take a keen look at all the paperwork, terms, and conditions before making the final decision. With the help of internet portals, it’s now easy to compare different health policies against each other. If you need more guidance and assistance with availing of health insurance, seek the help of financial experts like Piramal Finance. Check out their blogs for more information on insurance coverage or about products like personal loans, credit cards, EMIs, and more.
08-11-2023
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Tips & Advice

Buying Car Insurance Online Can Save You Time And Money

Car insurance has never been more important than now. It serves as a safety net in the event of an accident. Further, car insurance also covers third-party liability. But do all the four-wheeler insurance policies cover us as well as third parties? The answer is no! The extent of coverage varies among different insurance policies. There are various methods to buy car insurance. Let’s discuss the typology and why buying car insurance online is beneficial for you. [B-01] What is Covered Under Car Insurance? There are two types of car insurance coverage: comprehensive car insurance coverage and third-party car insurance coverage. Let us see the coverage provided by them. Comprehensive Car Insurance Cover A comprehensive car insurance policy provides the following benefits: Complete third-party coverage: It includes everything that third-party car insurance covers. Damages to your own car: The cost of getting your car repaired after the accident is covered under this car insurance cover. Personal accident cover: The cost of treatment for the injuries suffered by the owner-driver is also covered here. Theft: If your car gets stolen, then this car insurance cover compensates you for the same. The amount of reimbursement shall be the declared value of the car. Fire: If your car catches fire, this cover will provide coverage for the same. The amount of coverage will be equal to the declared value of the car. Natural calamities: The amount of damage caused by natural calamities is huge. However, you don’t need to worry about this with comprehensive car insurance coverage. You can claim damages in case your car is subject to natural calamities. Add-ons: They further enhance your cover. Add-ons include zero depreciation cover, consumables cover, tyre damage, etc. Third-Party Car Insurance Cover A third-party car insurance policy normally provides for the following: Third-party damage: Any damage caused to the property of a third party due to the accident is covered under this insurance cover. Treatment Costs: If a third party is injured, the insurance company will cover the costs of treatment. Death Compensation: In the event of the death of a third party in the accident, your car insurance will cover the same by compensating the affected family. Legal Liabilities: A legal liability may arise due to any event that involves the insured car. Third-party car insurance provides coverage against such legal liabilities. To sum up, it can be said that the third-party car insurance policy covers all the damages caused to a third party. However, it does not cover the costs of your injuries. To get the same, you need a comprehensive four-wheeler insurancepolicy. What is the Best Way to Buy Car Insurance? You can buy car insurance coverage through any of the following modes: Online: Here, you just need to visit the website of the insurance provider. You can browse the plan and select the one that suits your needs. Offline: You can visit any insurance provider’s office directly. They will assist you with buying car insurance. Through an agent: You can also buy car insurance through an agent. The agent fulfils all the formalities of buying car insurance. Further, they guide you through the selection of the best plan that suits your needs. The following are the major benefits of buying four-wheeler insurance online: Comparison: Before buying car insurance, you must compare various policies and insurers. But this becomes difficult if you go for offline buying. The options get limited here. Buying a car insurance policy online helps you compare various policies. You can also compare different insurance providers to select the one that provides the best plan. Minimal paperwork: Purchasing car insurance online saves you time and money. In the case of offline purchases, you need to complete various formalities. But this is not the case with online purchases. You just need to provide the required details online and buy the insurance. Convenient: You don’t need to physically visit the insurance company or the agent’s office. You can simply buy the insurance from the application or the website. Also, you can buy your insurance policy anytime, anywhere. The credibility of the insurer: You can easily check the credibility of the insurer during online purchases. You can check whether the insurer settles the claim quickly. Further, you can also check the claim settlement ratio and opt for the one offering the highest. A low ratio can lead to the rejection of your claim. It defeats the whole purpose for which you obtained the insurance. Economical: If you buy car insurance directly instead of through an agent, then you can save on the commission costs. Insurance companies pay commissions to their agents. This commission is borne by the customers who purchase the insurance policy. It is added to the premium. But no commission is charged by the insurance companies if the insurance policy is purchased online. [B-02] In a Nutshell Purchasing car insurance online is far more advantageous than purchasing it offline. Most people prefer buying car insurance online. This provides them with all the benefits shown above. You just need a smartphone and an Internet connection to insure your car. How are you buying your four-wheeler insurance? For more information, visit Piramal Finance now! Read more related blogs on the website to explore their financial products and services, especially those on insurance, personal loans, and credit cards.
08-11-2023
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Electronics

The Best Top 10 Mini Laptops in the Market

Sometimes it is an excellent idea to go small in so many situations. A mini laptop is an excellent choice if individuals travel frequently and require a small, light device. These mini laptops are compact but are not low on efficiency or reliability. Keeping all of these advantages in mind, here are some of the best mini laptops in India. [B-01] Asus Chromebook C223NA-DH02Due to its high efficiency, enhanced security, and incredibly quick ease, this device is ready for productivity and performance on the move. The body is lightweight at 2.2 pounds and has a slender and premium metallic surface for a stylish presence. Specifications: 1Display Resolution & Size11.6 inches HD & 1366*768 pixels, Anti-Glare Screen Technology2Hard Drive32 GB eMMC (embedded multimedia card) Hard drive3Memory4 GB DDR3 RAM4BatteryLi-Po(Lithium Polymer) Battery5ProcessorIntel Celeron N3350-2.4GHz processor6Dimensions‎29.21 x 19.81 x 2.03 cm7Operating SystemChrome OS 2. HP Chromebook 14A-na1004TU This mini laptop can control home devices, get all questions answered, and can be used for entertainment purposes by voice commands. This device boots up fast and does not consume a long time to update itself. This helps in keeping the performance fast and makes it a user’s delight. 1Display Resolution & SizeAnti Glare Display, FHD, Touchscreen, ‎1920 *1080 Pixel, 14 inches2Hard Drive64 GB eMMC3Memory4GB SDRAM4BatteryLi-Po Battery5ProcessorIntel Celeron N4500 2.8 Ghz processor6Dimensions‎32.5 x 21.8 x 1.8 cm7Operating SystemChrome OS Lenovo 100E Chromebook 2ND Gen LaptopThe Lenovo 100E Chromebook is designed for learning and is sleek, compact, sturdy, and practical. The liquid-resistant keyboard and fall-resistant design can withstand whatever the students throw. 1Display Resolution & SizeHD & Anti-Glare Display Technology, 1366*768 Pixel, 11.6 inches2Hard Drive16 GB SSD3Memory4 GB4BatteryLi-ion Battery5Processor‎MediaTek MT8125 ‎2.1 GHz Processor6Dimensions‎29.01 x 20.4 x 2.03 cm7Operating SystemChrome OS Acer Extensa 15 Lightweight Laptop (4 GB RAM/ 256 GB SSD) The latest Extensa Acer Laptop is thinner and lighter than ever to provide the best experience. With less than 20mm thin and a weight of around 1.7kg, it can accompany the user wherever needed. 1Display Resolution & Size1920*1080 Pixel, FHD, 15.6 inches, LCD Screen Technology2Hard Drive256 GB SSD3Memory4 GB4BatteryLi-ion Battery5Processor‎Intel® Core i3 processor6Dimensions23.8 x 36.3 x 2 cm7Operating System‎Windows 11 Home Acer Aspire 3 AMD 3020e Dual-core Processor AMD 3020e dual-core Processors succeed in multithreaded operations and provide immediate attention to completing the task. The slender casing on the magnificently brilliant HD display means the user sees much more activity and less distraction. 1Display Resolution & Size1366*768 Pixel, FHD, 14 inches, LCD Technology2Hard Drive1 TB HDD3Memory4 GB DDR44BatteryLi-ion batteries5Processor‎AMD 3020e dual-core processor6Dimensions23.6 x 32.8 x 2 cm7Operating SystemWindows 11 Home ASUS Celeron Dual Core – (4 GB/128 GB) Here is the ASUS BR1100 Mini laptop that allows the users to remain in front of the learning curve. This small laptop is powered by an effective Intel N4500 Celeron processor, helping users to accomplish everyday work and study more effectively. 1Display Resolution & Size11.6 Inches, 1366*768 Pixel, Anti-glare Technology2Hard Drive128 GB SSD3Memory4 GB DDR 44BatteryLi-ion Battery5ProcessorIntel N4500 Celeron processor6Dimensions29.4 x 20.4 x 2 cm7Operating SystemWindows 11 Home Dell New Windows 11 Inspiron 3525 Laptop, AMD Athlon Silver 3050U The processor is an AMD Athlon Silver 3050U, which provides extra dependability and smoother efficiency. Dell ComfortView Reduced Blue Light (LBL) system aid in the reduction of damaging blue light emissions while improving eye convenience over a prolonged time watching the screen. 1Display Resolution & Size15.6 inches HD,2Hard Drive256 GB SSD3Memory8 GB DDR44BatteryLi-ion Battery5ProcessorAMD Athlon Silver 3050U 2.3 Ghz6Dimensions‎23.5 x 35.8 x 1.7 cm7Operating SystemWindows 11 Honour MagicBook X 15, Intel Core i3-10110UHonour Magicbook X15 has a High-end Aluminum alloy frame that makes it simple to carry and ideal for work and travelling. This mini laptop safeguards the eyes at all points of time and eliminates visual exhaustion while working. 1Display Resolution & Size‎1920*1080 Pixel, FHD, 15.6 inches, IPS Anti-glare Technology2Hard Drive256 GB SSD3Memory8 GB DDR44BatteryLi-Po Batteries5Processor‎Core i3-10110U, 2.1 GHz6Dimensions‎1.7 x 23 x 35.7 cm7Operating SystemWindows 11 Home HP Pavilion Ryzen 7 Octa Core 5800UThe HP Pavilion Ryzen mini laptop has an HP Imagepad that supports multi-touch motions. The laptop is compact, lightweight, and slim, which looks elegant. The backlit keyboard and Pale Rose Gold colour make it a class apart. 1Display Resolution & Size1920*1200 Pixel, 13.3 inches, Anti-glare IPS Technology2Hard Drive1 TB SSD3Memory16 GB DDR44BatteryLi-Ion Battery5ProcessorAMD Ryzen 7 Octa Core6Dimensions30.9 x 20.5 x 1.69 cm7Operating SystemWindows 11 Home Fujitsu UH-X The Fujitsu UH-X is not one of the most well-known mini laptops in the Indian market; however, its capabilities, efficiency, and customer feedback talk for themselves. The mini laptop does have a 3-sided slender frame and 400 nits of luminance, serving up intense cinematic sequences that extend to every edge. 1Display Resolution & Size13.3 inches,1921*1080 Pixel, FHD screen2Hard Drive512 GB SSD3Memory8 GB DDR44BatteryLi-ion Battery5ProcessorIntel Core i5-1135G7 4 core 2.4 GHz6Dimensions30.7 x 19.7 x 1.6 cm7Operating SystemWindows 10 Home [B-02] Final Takeaway Piramal Finance is a fantastic source of easy financing for customers searching for mini laptops. Explore their financial products and services, such as personal loans, credit cards, and financial calculators.
08-11-2023
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Business Loan

Details of Business Loan Interest Rate in 2022

Many people want to start their own businesses. Those who already have one, want to expand it and make it bigger and more prosperous. Money is needed, whether it is for small and medium-sized enterprises (SMEs) or Multinational Companies (MNCs). These days, startups are cropping up in every part of India, and they need business loans to operate efficiently. Banks offer loans for businesses specifically for this use. [B-01] Types of Business Loans 1. Secured loans: Individuals and business owners offer collateral like inventory, real estate, machinery, etc. to get a secured loan. They have longer terms, and the rate of interest is low. 2. Unsecured loans and small business loans: No collateral is required to borrow money for unsecured loans. The tenure of this loan is short, and interest rates are high. Private and public sector banks, NBFCs, small finance banks, microfinance institutions, regional rural banks, etc. offer business loans. Under the unsecured category, a smaller loan is granted with a repayment term of up to 5 years. In a secured loan, the amount is high, and the tenure to repay is between 15 and 30 years. Factors Influencing Interest Rates Type of Business The lender divides the loan into priority and non-priority sectors. The rate of interest on loans for the non-priority sector is higher than the rate of interest on loans for the priority sector. As a result, the type of business you have or intend to create will determine the interest rate of your loan. Monthly Income and Ongoing Debts Your company’s monthly income shows whether it is profitable or not. It plays a big role in evaluating whether you qualify for a loan or not. The turnover can fluctuate from time to time. Being consistent is very important because it helps your lender figure out how much you owe and when you have to pay it back. Credit Rating and CIBIL Score Your credit score is based on your credit history and shows your creditworthiness. You will have a good credit score if you have paid a loan on time in the past. Paying credit card bills on time also counts. If you have a good credit score (750 or above), it will work in your favor when you apply for a loan. It will help you have a good CIBIL score. If you have a good credit rating and CIBIL score, you are more likely to get loans from banks and NBFCs. A good credit score helps in getting more perks, less lending rates, and variable tenure or payback options. Collateral/Security Collateral is the security offered as a loan guarantee to the lender. The perks will rise with the value of the collateral. If the bank is given security over highly valued assets like real estate, machinery, equipment, deposits, or home equity. You may get a larger loan amount after looking at the collateral because the risk is low. Business Loan Interest Rates (2022) Name of BankInterest Rates (per anum)HDB Financial Services Ltd.12 to 60Axis Bank12 to 36IDFC First Bank10.75% p.a. and upwardsFullerton Finance12-48Union Bank of India8.90% onwardsRBL Bank14% p.a. and upwardsICICI Bank11.25% p.a.Indifi Finance 12 to 36Lendingkart Finance3 to 36Tata Capital Finance12 to 36NeoGrowth Finance6 to 24Hero FinCorp12 to 36 Startup Business Loans There are many startups in India, and they have access to various loan and private equity investment sources. The Indian government has introduced starting business lending programs for startups and MSMEs. The Small Industries Development Bank of India (SIDBI) gives loans directly to MSMEs and startups, without banks’ involvement. Startup Business Loans have lower interest rates compared to loans given by banks. Bank Credit Facilitation Scheme Headed by: National Small Industries Corporation (NSIC) Target: Credit needs of the MSME units Description: Helps MSME organize the papers that banks want.It enables a large number of MSMEs to obtain credit. Pradhan Mantri Mudra Yojana (PMMY) Headed by: The Micro Units Development and Refinance Agency (MUDRA) Target: It offers loans to small enterprises, non-farm and non-corporate firms. RRBs, commercial banks, MFIs, etc. offer this loan. Details: The program gives loans in three ways of Shishu, Kishor, and Tarun, ranging from 50,000 to 10 lakh rupees. Standup India Scheme for SC, ST, and Women Entrepreneurs Headed by: SIDBI Target: Manufacturing, Agribusiness, or Service Businesses Details: Under this scheme, you can apply for a loan amount between Rs. 10 lakh and Rs. 1 crore. Loans availed through this program can be repaid in seven years. The maximum moratorium period is 18 months. [B-02] Conclusion We hope this article has explained to you the business loan rates that are offered by the various banks, as well as the schemes offered by the Government of India. Make sure to adjust your loan amount, as per the nature, size, and turnover of your business. Conduct thorough research and select the right plan, keeping these factors in mind. Visit the official website of Piramal Finance to get clarity on different loan types and secure the best startup business loans for your business. Find real, personalized information about a wide range of financial products and services, such as personal loans and different financial calculators, here.
08-11-2023
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Credit Score

Everything You Need to Know About Crif Score

Taking a loan from a bank is easy when you don’t have a bad history of loan repayment. The banks should not run into a loss if the customers are not paying the loans they take. For this very reason, most banks ask for your credit score. So, first of all, what is a credit score? A credit score is a three-digit figure that is used to check your chances of making on-time payments on your debts. Good credit terms are typically linked with higher credit ratings. One of India’s four Credit Information Companies (CICs) and major credit bureaus, CRIF High Mark, keeps track of your financial transactions and uses them to check your credit score. The three-digit CRIF High Mark credit score goes from 300 to 900, where 300 is the lowest score and 900 denotes the best. Credit scores are given to both individuals and firms by CRIF High Mark. Before giving you a loan, your lender could ask for your CRIF score to determine your creditworthiness. Let’s look at the Crif score in detail to know how it determines your creditworthiness. [B-01] What is a CRIF Score? Just like other credit bureaus, CRIF High Mark offers a range of Crif scores that is presented as a three-digit number between 300 and 900. The repayment history of a person’s loans, including credit card debt and other loans, checks their credit score. Banks and other lending institutions are more likely to approve your application for a credit card or a loan if you have a high CRIF score, which reflects your good credit behavior. What is a CRIF Credit Report? A CRIF credit information report is a detailed account of your historical credit information behavior. You can find the following details in your CRIF High Mark credit information report: Your personal information (name, ID number, DOB, etc.) The total number of open credit accounts Your history of payments Your payable debt to the lenders The number of recent inquiries that the banks have made about you. All the above-mentioned data is used to derive a CRIF Highmark Credit Report, which would enable the banks and NBFCs to decide whether or not to sanction you a loan. Why you must maintain a good CRIF Score? A high CRIF score will help you get better deals on anything from personal loans to new credit cards. The perks of keeping a high CRIF score are as follows: You can quickly get a personal loan, a mortgage, or a vehicle loan. With a high CRIF score, your chances of getting loans at reasonable or the best rates available increase as your creditworthiness rises. You might be able to work out a repayment plan with your lender. To fill the gap in your spending, you may get a credit card with a bigger credit limit. A strong CRIF score may make it easier for you to get your ideal job because many firms now include credit score reviews in their background checks. How to Check Your CRIF Score and Report? By following the ways listed below, you may verify your CRIF score and report: Fill in your personal information: Visit the official CRIF High Mark website and give your information, including your full name, mobile phone number, birth date, address, and gender. Also, you will have to give identifying details, such as your PAN number, voter ID, passport number, driving license number, etc. Choose your report type: Either an instant report or a free report are the available options. Within 5 minutes, your instant credit report would be there to download, but it would cost you INR 399. It may take as long as 3 days before your free credit report is available for viewing. Confirm your inquiry: Lastly, you have to provide information about your credit history to verify your identity. Your credit report will be sent to your email ID if you respond correctly. How can you improve your CRIF Score? Maintaining a CRIF score is very important. Here are some ways to raise your CRIF score, which is important because it can persuade banks and other lenders to make good lending decisions for you: Use your credit card wisely: If not used cautiously, credit cards can harm your CRIF score. Credit cards tend to increase your loan-taking tendency, leading to their overuse and, thus, poor CRIF scores. Stay Debt-Free: Make an effort to take on as few loans or debts as possible. If you have taken out loans, try to repay them as soon as possible. Bad loan habits can worsen your CRIF Credit score. Thus, take and repay loans responsibly. Keep a check on your CRIF Score: It is a good habit to keep an eye on your CRIF Score. It will help you improve and manage your credit behavior. Also, keeping a track of the CRIF score would enable you to take quick actions to improve your CRIF Score. [B-02] Conclusion Maintaining a CRIF score and report is vital to ensuring that your creditworthiness remains good. A CRIF score of 700 or more is considered good by most lenders. On the other hand, a CRIF score of about 900 is considered excellent. So, always maintain a CRIF score above 700. The credit score and report assist lenders and CRIF members in making good loan choices and safeguarding them against fraud. It also gives the option to verify the credit score, raise your credit score, and fix any reporting inaccuracies. If you want to read more about other finance-related topics, then do visit Piramal Finance. Read more related blogs on our website to learn more about our financial products and services, especially those about personal loans, credit cards, and financial calculators.
08-11-2023
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Lifestyle

Ace the Formal Look – Top 10 Dresses for Women 

Spending hours in front of the mirror before heading to the office, wondering what will look best on you? You are not alone in this. Whether a corporate meeting or a business soiree, putting together a stylish yet professional look is no easy task. Undoubtedly, whatever we wear, brings out our personality. Thus making the right choice before stepping into the professional world is an important task. As fashion has evolved so much over the years, it has captured the corporate world. Women’s formal look has gone through a lot of changes. Earlier, it was confined to monochrome colours, stripes, solids, and sober designs. However, women’s fashion has taken a turnabout since then. Sober colours have changed into bold prints, and we have shifted to youthful colours from monochrome designs. [B-01] Formal wear has broadened its horizons to include not only the monotonous skirts and shirts but dresses, gowns and t-shirts as well. There have been slight variations in the main segment, with semi-formal, smart casual and business casual included without moving away from the authenticity of the traditional looks. Ladies’ formal wear is an increasingly expanding segment with a rise in female participation in the corporate world. It has led to new fashion trends rising and becoming accessible to every woman in the working sector. Let us read about the trending formal looks for women in 2022! Top 10 Formal Outfits for Women Who Want to Trend 1. Basic Shirt and Trousers Old-school style can never go wrong while putting together a routine formal look. If you plan to play it safe, then a basic shirt and a good pair of trousers can never go wrong. Moreover, a solid colour shirt is essential for a women’s wardrobe when you are not in the mood to get dressed. This combo of clothes reflects its versatility and is a secure option when you are a beginner in the professional world. It is one such ensemble that can never go out of fashion. 2. Blazers Blazers can be any woman’s best investment for that chic yet elegant look. Formerly worn by men, blazers have now become essential for women. There are various ways to experiment with blazers, as they come in different ranges. Blazers make a fashion statement when styled properly, from printed patterns to hand-woven textiles. Rich colour tones and quality fabrics can add an elegant factor to your overall look. 3. Sarees A traditional Indian look, sarees can never disappoint. Often misinterpreted as informal, sarees are the perfect way to combine tradition with the profession. Sarees draped authentically with standard blouses are widely accepted as a formal look. Solid prints, pastel colours or basic designs with soft cotton fabric are ideal for the work atmosphere. Minimal designs ensure comfort and help you maintain sophistication. While opting for sarees, ensure you are comfortable enough to walk and perform routine tasks. 4. Formal Tops A woman’s wardrobe mostly consists of formal tops worn mostly daily to work. An elegant formal top provides a modest and chic look. You can never go wrong with a formal blouse paired with a good pair of trousers or pants. Blouses with round necklines or collars give that corporate look and can save you some glances. Solid, pastel or monochrome colours can be opted to suit the atmosphere. 5. Skirts Formal skirts speak of confidence and class. They are undoubtedly a favourite among corporate women because of the ease with which they can be paired with full sleeves shirts or formal blouses. Knee-length or below-the-knee skirts are advisable for high-professional workspaces. Make sure you opt for neutral colours or light prints to look elegant. 6. Kurtis Kurtis are a versatile option to opt for. They can be paired with jeggings, leggings, jeans or trousers. They vary in length, patterns, shades and designs and offer a wide range of options. It is advisable to avoid figure-hugging material and prefer breathable fabrics that are comfortable to carry. 7. Dresses Calling a dress perfect for formal wear would be an understatement. Dresses have come up to rule the corporate world as they represent class and elegance. You can experiment with the patterns and still look modest. Dresses give the liberty to choose dark colours or even neutral colours. A good pair of heels and earrings can complete the look and make you ready to shine brighter. 8. Jumpsuits Casual and fun yet formal, jumpsuits can provide you with that semi-formal look. Jumpsuits work best when structured well with lightweight fabric. They are usually easier and simpler to wear. They add complexity to the attire and are well-suited for formal events and client meetings. 9. Salwar Set This two-piece outfit can be mixed and matched with different clothes and thus provides versatility. Salwar sets can be paired with a dupatta to give that ethnic look. Look for neutral tones and simple patterns to have that modest look. 10. Palazzo Pants If you are bored of monotonous trousers and want to try something new, palazzo pants can be your go-to option. They work best when styled with formal tops or shirts. Palazzo pants have won the game for comfortability and provide ease of doing routine work. High heels or stilettos are advised to carry the flowy nature of the pants. [B-02] Conclusion With fashion changing daily and new trends being developed every second, it has become important to stay up-to-date and constantly evolve. Women have started to hold power positions and possess increased disposable income, which has led fashion houses to tap the formal wear segment more extensively. Nonetheless, we have provided you with the most trending formal wear outfits for women. Read more to find out about Piramal Finance and how we can be your best partner for investment and financial needs. We strive to provide the best option for personal loans and other financial requirements.
08-11-2023
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Home

Modern Dressing Table with Storage In 2022

A dressing table in a room is more special than one would like to think. The moments of peace people spend in their rooms are reflected in that mirror attached to the table. It is meant for storing and organising personal goods. But stylish dressing tables in the bedroom also help people work on their interaction skills. A modern dressing table with sufficient storage has endless uses. Therefore, one must select the right type of table they want to bring home. [B-01] The market for furniture these days is vast. Dressing tables with distinct and practical designs are no exception. Below is a list of the top modern dressing table designs with storage that have made their mark among consumers in 2022: 1. Dressing Table for a Small Bedroom The idea of having a big modern dressing table in a bedroom with limited space isn’t very practical. However, a table with storage can be an efficient furnishing choice for such an area. Instead of keeping extra cupboards for essential goods, one can use a dressing table with cabinets. Modern tables these days come with a slender mirror attached to a systematic set of drawers. Some drawers in these tables are big enough to store books and other things of similar size. Many people install LED lights on the mirror frame to better utilise the table. 2. Table with a Full-Length Mirror A modern dressing table with storage and a full-length mirror is something people buy when decorating their bedrooms. These tables may appear expensive, but this spending comes with benefits. Larger mirrors are known for making the space look a little bigger. Also, large mirrors reflect more light. With a full-length mirror dressing table, people don’t need to spend money on expensive decoration pieces. Also, one can get dressed for special occasions with ease. 3. White-Coloured dressing table People experiment with different interior patterns while decorating or remodelling a house. This experimentation leads to adopting distinct colours for a fresh approach. This is the idea that a dressing table in white represents. An oval- or square-shaped mirror on the top of a white table with shiny drawer holders offers a royal appeal inside the bedroom. Fancy bottles of perfume near the mirror along with a wooden chair will complement the modern dressing table pattern. Those who enjoy grooming can also add a few lights near the mirror. 4. A wooden dressing table Wooden furniture has always been a primary influence on home furnishings. From sofa sets to dressing tables, wooden materials are prevalent. A simple wooden dressing table with a framed mirror on top makes the room idyllic. These tables usually contain cabinets with enough storage. So, there is always enough space for grooming products. A finely shaped mirror atop a wooden table also offers a resort-like appeal. A fancy vase or a small centre piece near the mirror can fill up the space and complete the décor. 5. Dressing Table with Installed Lights Light installation around the mirror is a conventional concept. However, this option wasn’t always available for ordinary homes. Modern dressing table designs allow people to indulge in vanity mirror lights. Some commonly available choices in this range are fairy lights, retro lamps, plain vanity lights, and Hollywood glam lights. A dressing table with this kind of setting can light up the room. Such arrangements in home décor draw attention. 6. Floating Dressing Table As the term suggests, this type of table doesn’t consume much space. One can install this mirror and drawer setup in any corner of the house. It is just a mirror and a drawer that can be attached to any wall. This way, people get to save a lot of space and clean the floor with ease. The best part is that these floating dressing tables are affordable. 7. Vertical Modern Dressing Table The vertical dressing table is a solution to the great space issue. These tables are often confused with full-length mirror tables. Full-length mirror tables always cover a significant amount of space in the bedroom. However, vertical dressing tables have a mirror wide enough for a person. Besides, this modern dressing table storage has small spaces to keep essential products. What to consider when buying a modern dressing table? · Analyse the room and know the available space before buying the table. · Understand the different types of modern dressing tables and their structures for maximum storage. · Make sure that there is an equal proportion of tabletop dimensions and mirror size. · Dressing table patterns should be unique for girls’ rooms, with the latest designs and colours. [B-02] Conclusion A modern dressing table design offers a wide range of choices in terms of uses and visual appeal. You need to understand your requirements before choosing a table for your bedroom. Wondering how to fit such a purchase within your budget? That’s where a financial expert like Piramal Finance can help. Know how to apply for easy financial solutions like personal loans and manage your finances.
08-11-2023
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Lifestyle

Complete Guide on Business Formal Wear for Women

It’s a common thought that men have it easy when it comes to work and evening attire. They’re prepared for any occasion. They have a choice to wear the linen suit with a shirt for a casual event or a formal blazer and tie for a formal event. Gone are the days when business formals were only for men. Women are wearing them better and looking stylish and professional, more than ever. Take a look at this formal business clothing guide to learn more. [B-01] What does Formal Business Clothing Mean? The essential clothing in a business context is firm and formal. There are several notable choices, even though they are similar to corporate dresses in many ways. Casual wear is often more traditional, while formal attire might be simple. This kind of formal dressing is good for a work-related event. Formals are more suitable for those who work in banking, accounting, law, or government sectors. You can also wear formal business suits in: Client conferences Seminars at work Award seminars Holiday gatherings Many firms have a unique culture that establishes standards for daily office clothing. Many jobs uphold a casual dress code. Although, certain firms promote formal dressing. The staff handbook of the firm is often where one may locate the dress code needs. When Should Women Wear Business Formal Dress? If women are wondering what duties demand formal clothing, do some internet research before your first day at a job. Check the corporate website and images of the workplace. These resources will often give essential hints about firm dress code standards. Normally, business formal women dresses are worn in the legal, political, and broadcast media field. These sectors prefer formal dressing for their employees. This is the classy look to go for if you are in an executive position. The phrase “dress for the job they desire” has never been more accurate. After you have mastered the basics, it’s time to give a makeover to your wardrobe. Add some classy formal dressing options to it. Indian Formal Dresses for Women The Indian Wear business formal women dresses are given below: Sarees Sarees are a famous Indian attire and apt formal dressing for women. You can dress up for work or any formal event by wearing stylish sarees. Women can drape the saree with pallu over the left shoulder. Sarees may compete fiercely with even the most luxurious western formal dress. Ensure you wear them right. Solid, pastel hues with simple motifs work best for formal sarees than those with heavy, designs and bright colours. Kurtas Kurtas provide a comparable sense of flair. Kurtas can be worn with formal slacks, leggings, jeggings, or trousers. It gives girls and older ladies a more polished look. Kurtas are available in various lengths and give a trendy and refined look. Women should avoid wearing skintight kurtas for formal wear. Choose neutral colours like light browns, off-white, and for a formal event. Salwar Suits Salwar outfits are decent and one of the best options to get a formal look. They are available in some lovely patterns and colours. You can also make a salwar suit by mixing and matching different cloth pieces. Suits are available in palazzo pants, a churidar, or a kameez. They are a good formal dressing option if worn with the right accessories and a dupatta. Pick Kurti tops that are at least knee length and made of cotton for the workplace. Western Wear Formal Dressing Options for Women The Western Wear business formal women dresses are listed below: Long Dresses Dresses are a regular and vital part of formal dressing for women. They are loved and worn by women worldwide. Dresses are an entire costume in and of themselves, just like sarees. You can choose a knee-length dress for a formal occasion. Plane-coloured shirts and pants Traditional plane shirts & trousers are the simple and most common way to nail the Western look for ladies. This enduring piece of formal dress is the epitome of the adage “less is more,” and it remains to be effective today. Formal Blouses Blouses are yet another top item that is included in women’s formal clothing. Blouses have a more pretty and trendy touch and make you look decent. You can choose geometric, striped or checked blouses to wear in offices. Blazers Blazers are a good choice for ladies who want a more official look. While in the past, only worn by men, blazers are becoming popular among ladies when it comes to western style formal dressing. Things to Avoid in Formal Business Attire The following actions should be avoided while selecting formal dresses: Vibrant patterns or colours: Business formal women wear should be decent rather than expressive. Avoid wearing vibrant colours or patterns. Stripes are good to go. Ill-fitting clothing: To look professional, make sure that your business dress is not too tight or baggy. The length of the pants and sleeves should be proper. They shouldn’t be too long or too short. Colourful accessories: The number of items should be maintained to a bare minimum. Anything overly flashy or bold should be avoided. Heavy makeup: You should choose gentle tones and natural tints to keep the makeup as basic as possible. Heels that are higher than 3 inches: Make sure your heels are no higher than 3 inches if you are planning to wear one. [B-02] Conclusion Reaching the proper combo of skills and beauty may be difficult but not impossible. Through this article, we have tried to list down some best options for formal wear. These outfit ideas will make you look stylish and comfortable at the same time. Choose Indian formal wear or Western formal wear based on the event you are going to attend. Maybe you need some help financing a whole new wardrobe. If this is the case, Piramal Finance is here for you. Visit the website to find personal loans and other financing options best suited for you.
08-11-2023
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Business Loan

Apply For Best MSME Business Loan India

MSME Business Loans are a type of startup business loan offered to business owners. Personal borrowers, micro, small, and medium-sized enterprises (MSMEs), and startups can all qualify for business loans under MSME loan schemes. There are several banks and credit unions that offer startup loans. MSME loans are unsecured loans because they do not require collateral. These loans can be availed from different banks to help businesses cover a wide range of operational costs. MSME loan schemes are used by business owners and firms for several reasons. Here are some of the reasons: satisfying working capital needs managing or rising cash flow business growth Most banks and NBFCs (non-bank financial companies) give loans to SMEs and MSBs without asking for any collateral. This is why an MSME loan is one of the best means of aiding a firm to grow. This blog will explain in detail how to apply for MSME business loans in India. [B-01] Registration as a New User for MSME Loan Here are the steps one must follow to become a new user of MSME and apply for an MSME loan: Visit udyamregistration.gov.in and register yourself for the Ministry of Micro, Small, and Medium Enterprises in India Click “New Entrepreneurs who are not Registered yet as MSME or those with EM-II” if you are signing up for the first time Select ‘Validate and Generate OTP’ after entering your name and Aadhaar number. The service will send a One Time Password (OTP) to the number you have added. Add the OTP to verify your identity. After that, you will need to provide your PAN number and the data of the firm you represent to confirm your account The next step is to fill out the profile with the details about the firm or facility you work at Now click on the “Submit and Get Final OTP” button once you have filled out the form. You will receive a one-time password on your phone. Enter the OTP, to get confirmation that your MSME registration is successful. Eligibility Criteria for MSME Business Loans To get an MSME Business Loan the borrower must satisfy the bank’s criteria. Each banking institution has different criteria. These criteria may change based on the type of plan you are applying. Here are the general criteria to be eligible for an MSME business loan: ParticularsCriteriaType of businessManufacturing SectorService SectorSize of business (in terms of investment) – Manufacturing SectorMicro – < Rs.25 lakhSmall – < Rs.5 croreMedium – < Rs.10 croreSize of business (in terms of investment) – Service SectorMicro – < Rs.10 lakhSmall – < Rs.2 croreMedium – < Rs.5 crore The business loan schemes for startups and MSMEs have their separate eligibility criteria. However, here are some of the general criteria you need to qualify to get a business loan: The minimum age limit to apply for a loan is 21 years, whereas 65 is an upper age limit The applicant must be a citizen of India Applicants must have a solid business plan to get their application approved. Multiple MSMEs can be set up as either a sole proprietorship, partnership, corporation or limited liability company (LLP) It is important to have a good credit history to avail of MSME business loans and startup business loans How to Apply for an MSME Business Loan? The Reserve Bank of India (RBI) has given minimum loan limits to MSMEs for all banks in India. There are two ways to apply for a loan for an MSME or a new business. Some banks allow you to fill out the online application form, you can fill out the bank’s online form and submit it. Applicants can also fill out their application forms by visiting the nearest bank branch. They can contact the branch to find out what ID proofs and other documents are needed. Almost all banks in India give loans to small and medium-sized enterprises (MSME) without asking for collateral. Unsecured loans are made available to MSMEs, for businesses that fall within the ambit of micro, small, and medium firms. Documents Needed for Startup Business Loans Proof of identity and address proof is required to apply for a loan. Check the list of documents given below: A passport, Aadhar card, driver’s license, voter card, PAN card, and utility bills are needed for the KYC Individually penned business plan The previous year’s tax return and bank statements of the past 12 months are needed. Document proving the formation of a company. Documentation of a legitimate business location. In addition, the lender may want further paperwork. Points to Remember for Startup Business Loan To qualify for startup business loans, you must keep the following things in mind: Create a clear plan for the firm Include a detailed explanation of how you are going to put that loan money to use in your business plan Provide a concise summary of the company’s goal and long-term vision. Do not forget to explain your financial projections and a growth chart Perks of Getting a Loan for a New Business No collateral or guarantor is needed for a start-up business loan. Getting a startup loan is easy, and the repayment terms can be adjusted to fit your needs. For a startup business, minimal documents are required to get a loan. The requested funds are sent to the applicant’s bank account without any unnecessary delay. [B-02] The Bottom Line MSME in India is vital to the country’s economy hence, the Indian government has implemented several measures aimed at fostering the growth of India’s micro, small, and medium enterprises. MSME business loans are among the market’s most reasonably priced options for financing a company in its initial stage. Loans to MSMEs often carry an interest rate between 7% and 12%. Thus, these start-up business loans are one of the most cost-effective forms of debt for entrepreneurs to kickstart their ventures. Read more related blogs on the Piramal Finance website to explore our financial products and services, especially those on business loans, personal loans, credit cards, and financial calculators.
08-11-2023
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