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BUSINESS UPDATES OF THE DAY- 13th June 2022
1. Third-Party Premium hiked from June 1
Some bad news for the vehicle owners already affected by the fuel price increase.
From June 1, 2022, onwards, the motor third-party liability insurance premium has been jacked up by the government despite the portfolio being hugely profitable for the insurers.
The government has also withdrawn the 15% discount on the base premium for electric vehicles (EV) perhaps due to EVs going up in flames in recent times or without any basic claims experience data.
The hiked premium rates per year for more than three-year-old cars and five-year-old two wheelers are: Private Cars
# Upto 1,000 cc: Rs 2,094
# 1,001 cc to 1,500 cc: Rs. 3,416
# More than 1,500 cc: Rs 7,897
Two Wheelers
# Less than 75 cc: Rs 538
# 76 cc to 150 cc: Rs 714
# 151 cc to 350 cc: Rs 1,366
# More than 350 cc: Rs 2,804
New Private Car - Three year single premium
# Less than 1000 cc: Rs 6,521
# 1001 cc to 1500 cc: Rs 10,640
# Exceeding 1500 cc: Rs 24,596
New Two Wheeler - Five year single premium
# Less than 75 cc: Rs 2,901
# 76 cc to 150 cc: Rs 3,851
# 151 cc to 350 cc: Rs 7,365
# More than 350 cc: Rs 15,117
In the case of electric vehicles (EV), the premium rates are 15% lower than the above.
7.5% discount in premium in the case of hybrid electric vehicles.
2. Facts you need to know
For your Investments to Take Off
Foreign investors pulled out Rs.2.5 lakh crore in 8 months, more than they invested in past many years
Foreign portfolio investors have pulled out around Rs 2.5 lakh crore from the Indian equity market in the last 8 months. In 2022 itself till date, FPIs sold investments worth over Rs 1.7 lakh crore. This is more than their entire portfolio created in the preceding 7-8 years.
Overseas investors bought Rs 2.2 lakh crore equities between 2014 and 2020 in the domestic stock market and have pulled out Rs.2.5 lakh crore in the last 8 months.
The money the foreign investors invested in the last 10 years as per index has yielded them around 80% returns.
Did you also make similar returns on your investments outside your business, in stocks or property or any other?
Learn, Prepare, Take Off Join the forthcoming Special Program planned for Growth Hacking! 8-10 July 2022, Lalit Mangar
To Join, SMS or WhatsApp "Growth Hacking- your email id" to 9711123111
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