March 2023

Investing in the stock market can be an excellent way to grow your wealth, but it can also be intimidating for those who are inexperienced with it. Opening a Demat account can make the process easier and more accessible. A Demat account is an electronic account that holds your shares and securities in a digital format. This allows you to trade and manage your investments online at the best trading platform in India.

The free demat account opening process is a simple process that can be completed online in just a few steps. Here are the steps to get started:

Choose a broker: There are many brokers available that offer Demat accounts. It’s critical to choose a broker that offers low fees, efficient customer service, and a user-friendly platform.

Fill out the application: Once you’ve chosen a broker, you’ll need to fill out an application form with your personal details. You may also need to provide identity and address proof documents to the best trading platform in India.

Account verification: Once you’ve filled out the application form, your broker will verify your identity and address. This process may take a few days to complete.

Link your bank account: You’ll need to link your bank account to your Demat account to transfer funds and make transactions.

Start trading: Once your account is verified and linked to your bank account, you can start trading stocks, bonds, and other securities which can be found on the best trading platform in India.

One of the biggest benefits of opening a Demat account is that it’s free. Most brokers offer free Demat accounts with no account opening or maintenance fees. This means you can start trading with a small amount of money without worrying about fees eating into your profits.

Another benefit of a free Demat account opening is that it’s a secure way to manage your investments. With a digital account, you don’t need to worry about losing physical shares or having them stolen. Your shares and securities are stored in a secure electronic format, making it easy to manage your portfolio and keep track of your investments.

A demat account also offers convenience and flexibility. You can trade online from anywhere, at any time, using your computer or mobile phone. You can easily monitor your portfolio, track your investments, and make trades quickly and easily. In addition to trading stocks, a Demat account also allows you to invest in mutual funds, bonds, and other securities. This means you can diversify your portfolio and reduce your risk by investing in a range of different assets with the help of the best trading platform in India.

However, it’s imperative to remember that investing in the stock market can be risky. It’s imperative to do your research and make informed decisions before making any trades. You should also be prepared to handle losses and not invest more than you can afford to lose.

In conclusion, a free Demat account opening is an ideal way to get started with trading and investing in the stock market. It’s free, secure, and offers a range of benefits including convenience, flexibility, and the ability to diversify your portfolio.

Trip delay

Imagine that everything is going well and that you are prepared with your packing and ready to depart when you learn unexpectedly that your vacation has been delayed owing to a flight delay or another factor. That might effectively quell your excitement. Additionally, if the travel is delayed for a significant amount of time, all of your subsequent arrangements and connecting flights will also be delayed. And as a result of the delay, you can have to pay a variety of extra costs.

There are several reasons why your vacation can be postponed or cancelled. This could be because of personal factors like losing your passport, getting stopped in traffic, or an accident on the route to your departure location, etc., or it could be because of a travel delay brought on by your carrier.

The following are some factors that your carrier may be at fault for delaying your trip:

• Natural disasters or unfavourable weather
• Unannounced job action or a strike by carriers’ employees
• Failure of the carrier’s equipment

Even though you weren’t at fault, you would still have to pay for meals, housing, etc. during the waiting period if your flight was delayed for a few hours for any of these reasons.

However, whether you are travelling internationally or domestically if you are protected by travel insurance, you need not worry about such trip delays and supplemental costs. If your journey is delayed owing to one of the risks listed in the policy agreement, you will be offered the maximum rewards.

Read about the inclusions and exclusions of travel policy for further information regarding the context of the coverage of domestic and international trip delay benefits before you buy travel insurance.

International travel insurance – Trip delay

If you purchased international travel insurance, we will pay for any reasonable additional costs you incurred due to a trip delay, as long as the delay lasted longer than 12 hours and was brought on by one of the dangers covered by the policy.

The maximum amount specified in your policy schedule will be considered when determining the amount of reimbursement for medical insurance for travel. Find the listed dangers below:

• Trip delay brought on by a common carrier’s equipment breakdown
• Trip delay brought on by inclement weather
• Trip delay brought on by a strike or other workplace action by carrier company’s employees.

Exclusions

In addition to the standard exclusions listed in your international travel insurance policy schedule, we will not be responsible for payment if a covered hazard that resulted in the travel delay became known to the public before you purchased the policy.

Domestic travel protection – Trip cancellation

If your trip was delayed for longer than five hours owing to a covered danger, we’ll pay for reasonable additional expenses for the accommodations you had to pay for under the terms of your domestic travel insurance.

You won’t be qualified for this benefit if the delay occurs while you are in your customary town of residence. Find the listed dangers below:

• Weather-related delays for scheduled flights or trains; or
• Trip delay brought on by a strike or other workplace protest by scheduled airline or railroad staff
• Due to scheduled planes’ or railways’ equipment breakdown, there was a delay in the trip.

Exclusions

• Delay brought on by a risk that you were aware of or that became known before you booked your trip.
• Any delay brought on by a government or other public authority’s rule, regulation, or order
• Delay brought on by a strike or labour dispute for which a warning had been sent beforehand, i.e., before the date that your trip was scheduled.
• Delay brought on by the scheduled airlines temporarily or permanently ceasing operation as per the directions or suggestions of any aviation agency.

Insurance is the subject matter of solicitation. For more details on benefits, exclusions, limitations, terms, and conditions, please read the sales brochure/policy wording carefully before concluding a sale.