Why EV Insurance Costs More? The Hidden Price of Battery Life and Depreciation - Thumbnail

Why EV Insurance Costs More? The Hidden Price of Battery Life and Depreciation

Summary Points: EVs like Tata Nexon EV are popping up across India, but their insurance is pricey. The battery of EVs are about 60% of thei cost whose life starts to fade away after 8 years. Repairs are in EVs are also expensive. Replacing the batter after damage can cost a lot. Spare parts and…

Social Security & Medicare as a Couple - Thumbnail

Social Security & Medicare as a Couple: Strategies When One Spouse Didn’t Work

Retirement planning can feel like a complex maze, especially when it comes to understanding Social Security and Medicare. The situation becomes even trickier when one spouse has a strong work history while the other has had limited work experience. But don’t worry, you’re not alone in this situation. The goal of this post is to…

IRDAI Report - Insurance Penetration is falling - Thumbnail

Why Insurance Penetration in India is Falling: What You Need to Know

Insurance is an important part of personal finance. Whether you are looking to protect your health, your home, or your car, insurance helps shield you from financial losses. However, a recent report from the Insurance Regulatory and Development Authority of India (IRDAI) has revealed a worrying trend. Insurance penetration in India has been declining. In…