Product Updates

Markets regulator SEBI has relaxed initial public offer (IPO) norms to allow companies to announce the price band two days before an offering. At present, the price band has to be announced five working days before the initial share sale opens for subscription. The markets watchdog also said that financial disclosures will need to be made for three years, compared with the earlier five years, the Securities and Exchange Board (SEBI) said in a notification dated September 11.

*Information regarding Insurance changes applicable from September 2018* 1. The government has only made 3 years *third party Insurance* on brand new vehicles mandatory. 2. You can still buy only 1 year full insurance on your brand new vehicle. 3. No changes in Insurance of existing vehicles. The Insurance of existing Vehicles shall be renewed annually. 4. You have following three options in Insurance when you purchase a brand new vehicle OPTION 1 - Purchase 3 years stand alone Third party Insurance (only third party) OPTION 2 - Purchase 3 years full Insurance (very expensive option , not recommended) OPTION 3 - Purchase  1 year full insurance plus 3 years Third party Insurance. RECOMMENDED - OPTION 3 *Benefits of option 3* 1. The third party premium you pay in advance will be deducted from your premium at the time of your first and second renewals. So no extra cost. 2. Government increases third party rates every financial year , so you will beat the price hike. 3. You can