Explaining The Meaning Of Uninsured Losses

Car insurance is not merely an important part of protecting yourself financially on the road – its a legal necessity. However if youre trying to make a claim after being involved in an accident that wasnt your fault, you might come across something called uninsured losses. We take a look at exactly what that means for your cover

Uninsured losses can be described as potential financial losses, and they aren’t usually covered by a standard insurance policy. Uninsured losses generally include: injury to yourself or your passengers; loss of earnings; cost of alternative travel arrangements; or recovery of your policy excess from a third party. These are all very common costs incurred as a result of an accident, and you will understandably want to protect yourself against them.

Hiring Financial Services to Plan Your Retirement Smartly

Ensuring financial freedom after retirement is a crucial factor in a financial plan. Most individuals have several plans to realize after retirement. Some people plan to buy a villa on a beach; while others dream of a world tour. Even if you do not have such ambitious dreams, you need money to be readily available after retirement for your daily expenses. This requires smart planning from early years. Taking a small step towards financial planning at an early age can guarantee financial security for a lifetime. If you do not begin early, the pace at which you would need to save would accelerate and the cost of the financial instruments at your disposal would increase.

One can hire financial services to demystify pension options and retirement saving plans. These service providers will answer your questions on how to sponsor your retirement plans and will help you to make an informed investment decision.

Bring Change, Donate For Special Occasion

Each of us like to do something different on our special days then why not choose to donate for special occasion? There are innumerable occasions we celebrate during the year. Be it birthdays, anniversaries, weddings, festivals, success parties and the list goes on. During these times we spend lavishly because we are capable of spending so much but would it hurt our pockets if we decide to spend some amount from our budget for the benefit of the underserved children? Hope not!

Donation for special occasion does not mean one has to contribute lump sum of money to a non-profit organisation in India or abroad. It is the intent and the potential behind the donation that counts. For example: if a donor donates Rs. 750 for special occasion towards The Akshaya Patra Foundation, a non-profit organisation in India implementing the mid-day meal scheme, then the donor is actually taking care of a child’s school lunch for one whole year. How? The operational and administrative efficiency of Akshaya Patra allows the NGO to provide one wholesome meal per day to a child at a cost of just Rs. 750 for one whole year. This non-profit organisation in India has been implementing the mid-day meal scheme since 2000. Today, it serves freshly cooked nutritious mid-day meals to 1.4 million children across the entire country, every day.
As a transparency and accountability policy, this non-profit organisation in India regularly publishes its Annual Report for each financial year. Along with reporting the achievements, developments and plans for the next year, it religiously publishes all its audited financial statements and reports for its stakeholders. It accounts all the grants, subsidies and donations it has received to implement the mid-day meal scheme and how the fund was utilised. In the financial year 2013-14, Akshaya Patra’s programme-wise break-up of cost is, 84% for the mid-day meal programme, 12% for programme management and 4 % for fund raising and communications. Among various communication awards, Akshaya Patra has become the first NGO to have been inducted to the Institute of Chartered Accountants of India’s (ICAI) Hall of Fame as a result of being the recipient of the Gold Award for Excellence in Financial Reporting for five consecutive years – a true testimony to the Foundation’s transparent model of operation.