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The arrival of the monsoons brings much-needed respite from the heat of the months gone by. Yet, the mucky roads and low visibility can spell trouble for motorists who are not careful. Trends show that road accidents peak during wet weather months. Now, you might drive carefully and maintain your vehicle in preparation for the rains but all it takes is one careless motorist driving with bald tyres to turn things awry.

So, what can you do to stay protected in such situations?

The answer lies in having comprehensive car insurance. This type of coverage for your vehicle will help safeguard you from such uncertainties that can lead to major financial loss. Now, while it is important to opt in for a good insurance plan, one must remember that the coverage has certain limitations. However, you can easily overcome these limitations by choosing add-ons to complement your plan. With that in mind, here are 3 car insurance add-ons that can be helpful during the monsoons.

Roadside assistance
This add-on ensures that your vehicle gets a tow to the nearest authorized service center. The driver of the vehicle and passengers get a ride too in a cab arranged by the insurance provider. Moreover, this add-on may also offer benefits such as fuel delivery in an emergency and flat tyre servicing. These benefits are truly worth their weight in gold as you would not want to be stranded in the heavy rains in the event of a mishap or vehicle breakdown.

Consumables cover
When your car goes for repairs arising from an accident, the consumables do not get covered under your claim. Consumables include things like oils (engine oil, break oil, etc.), nuts and bolts, screws, gas for vehicle air conditioner, and vehicle lubricants, among others. These items can run up a pretty high cost that could take a chunk out of your savings. So, be wise and include the consumables cover add-on in your car insurance policy.

Engine protection cover
Floods can lead to your car getting submerged in water. This in turn can damage your vehicle engine and leave it in need of repairs. Now, most people are not aware that engine repairs are not covered under a comprehensive car insurance policy. Therefore, you need to add engine protection cover to your base plan. This add-on is especially important if you live in a city / area that is prone to regular flooding and waterlogging. The extra protection this add-on brings will ensure that the cost of engine parts like the pistons, cylinders, and gearbox do not come out of your own pocket.

Having a basic car insurance is mandatory for all vehicle owners in India. However, it does make sense to upgrade to a comprehensive plan that offers better coverage. When buying car insurance, make sure to read the policy terms and conditions well so that you have all the details in place before paying your premium. We hope this article will help you out. Drive safe.

Life when it began for human beings was difficult as they had limited means to live in large societies. Every person had to manage life in its intricacies by themselves. But life at that time though difficult was also very simple. There was no pressure of any sort. Necessities were simple. An animal skin to cover the body because of the weather conditions, enough food in the neighborhood so that you could hunt for food and a place nearby to spend the night in in case of weather extremes like heat, rain, snow and cold.

Gradually man realized the advantages of living life in a society. People started to understand that living life in a society was comparatively easier than going through it alone. Villages came up and then gradually cities and life became easier in one sense and more complicated in another sense.

Modern life has come full cycle. People are living in crowded cities and are trying to find their own havens of peace and fortitude. There was a period when people used to build their homes in a place where they could grow their own food and also be near enough to other people who could alleviate their loneliness and also help out in case of emergencies like sickness or natural difficulties and calamities. Now since the populations of the cities have increased many-fold you can sense a change in the thinking of the humans in general.

Since the cities have become overcrowded people have started in terms of wanting to live in places where the surrounding societies are large but still not that big as to intimidate them with the numbers.

With land getting scarcer in the cities due to them becoming overcrowded a new trend has emerged in the housing sector. The rise of the so-called High-Rise residential communities. The twenty first century has seen the prolific rise of High-rise residential accommodation in India. In the western countries this had existed for many decades.

As the real estate prices went up so too did the height of the buildings. IN India Mumbai is the city with the maximum number of tall residential buildings with the tallest being 78 floors.

What is life like living in such a high-rise society?

Living in such high-rise societies is a new phenomenon in India. What is life like in such a society and what are its advantages?

Well to put it simply life can maybe be very attractive or very confusing. When we are living in such a society it has certain advantages.

Life becomes secure because most of these buildings are built in closed societies with wide spread and elaborate security arrangements through out the compounds. You will rarely find thefts being committed in high rise societies with proper security arrangements.
More social life is possible because of so many people living in closed space it is very much possible to find friends with same interests and inherent natures so as to build strong friendships.
More social life as combined communities tend to celebrate festivals together
More acceptability of each other’s religions and cultures
Help can be available immediately in cases of emergencies.

Comparing brokers is very important while choosing your stockbroker. Upstox, Zerodha, and Groww are some of those stockbrokers that are always on the top of the list. Moreover, in this article, we have explained each of them in brief with a comparison. But first, you need to know some factors to make your decision better. There are several factors that you need to consider before choosing your stockbroker:

Brokerage
The most important factor for your consideration should be brokerage that is taken by the broker. Moreover, lower the better but never compromise with the quality. The brokerage should be compared as per the similar facilities provided. A proper analysis should be done rather than having an opportunity cost after the wrong decision.

App Interface
The user interface plays an important role in finding the right stockbroker. Additionally, a poor interface can create a lot of problems, and every second matter while trading. You cannot afford to even waste a second in trying to fix technical issues. So select a broker with the best app interface that makes your process faster and easier.

Purpose of investment
You should know the purpose of the investment you need a stockbroker for. Moreover, figure if it is for short-term or intraday, medium-term or long-term investors. Knowing the purpose will make you one step closer to the decision for the choice of the stockbroker.

What is Upstox?
Upstox is a trading platform that is offered by the RKSV which is a type of discount broker. It is a very popular platform that offers trading services at MCX, BSE, and MSE. Moreover, services like trading on commodity, equity, and currency derivatives. It is built on an Omnysis Nest Order Management system (OMS). Additionally, the customers can have its free app for smooth trading.

It provides low-cost brokering services that provide opportunities at amazing prices. In addition to that the trading account and Equity delivery are free of cost. Upstox is a safe, trusted, and legit broker that is based in Mumbai.

What is Zerodha?
Zerodha is a Broking platform that is the top broker in India. The most attractive part of using Zerodha is its low charges and accurate services. Moreover, it is a financial services company in India that is a member of NSE, MCX, and BSE. Furthermore, it was founded back in the year 2010 and since then it has been a helpful broker. It is a discount broker that provides online trading services to its customers that are of satisfactory levels. Moreover, it uses the best technology to serve its clients.

What is Groww?
Like Upstox and Zerodha, Groww is also an India-based platform for online Investment. In addition to that Groww allows its customers to open an e-account for transacting in stocks and mutual funds. Investing in mutual funds is very safe and easy on Groww. All the personal and sensitive information is encrypted to protect your privacy. Moreover, every transaction by Groww is done via BSE from and to AMC.

Comparison between Upstox, Zerodha, and Groww
Here is a detailed comparison of Upstox vs Zerodha vs Groww that will help you for better decision and analysis.

Head points

Groww

Upstox

Zerodha

Account Opening Charges:

The one-time charge for an Opening trading account and Demat account.

It is Rs. 0 on Groww. (Limited Period Offer of Rs. 200)

Rs. 0

For trades in F&O, Currency and Equity: Rs. 200 and Rs. 300 if any commodity added

Account maintenance Charges (AMC):

Charged to manage your account

Rs. 75 plus GST that is charged quarterly. (Rs. 300 per Year)

Rs. 150 per year plus GST

Equity Delivery:

Rs. 0

Equity Intraday:

0.03% or Rs.20 per executed order, whichever is less

Transaction Charges:

Charged by the stock exchange for trading

0.00325% by NSE and 0.003% by BSE for every order (both buy and sell)

0.00325% by NSE for both buy and sell, BSE charges vary according to the scrip group

It is the same for delivery and intraday.

NSE: 0.00325%

BSE: 0.003%

Brokerage:

Charged by the broker in order to execute the order (both buy and sell)

Equity Delivery:

Rs. 0

Equity Intraday: 0.05% of the turnover, (maximum Rs. 20) per order executed.

Equity Delivery:

Rs. 0

Equity Intraday: 0.05% or Rs. 20 per executed order whichever is less

Equity Delivery:

Rs. 0

Equity Intraday:

0.03% or Rs.20 per executed order, whichever is less

Commodities/ Securities Transaction Tax:

It is charged by the government when you transact over the exchange

Equity Delivery:

0.1% of the order amount

Equity Intraday:

0.025% of the order amount

Delivery:

0.1% on buy and sell

Intraday:

0.025% on sell only

Delivery:

0.1% on buy and sell

Intraday:

0.025% on sell only

Payment Gateway Charges:

Charged to deposit money

Rs. 0

None

Rs. 9 Plus GST

Stamp Duty:

Charged by the government for contract note as stamp duty

Different for each state, the Maximum is 0.018%

0.015% on the buy

0.015% on buy or Rs.1500 per crore on buy

Depository Participant Charges:

Charged by the Depository participants for debiting the stock from Demat account

Buy Order:

No Charges

Sell Order:

Rs. 8 + Rs. 5.50+ GST per ISIN per day on the Groww platform irrespective of the quantity sold.

Delivery: Rs. Rs. 18.5/ scrip per day that is only on sell.

Intraday:

No Charges

Rs. 13.5 + GST per scrip is debited on that day from the trading account when sell take place.

GST

18% whenever applicable

18% (on transaction + demat charges + brokerage)

18% (on transaction charges + brokerage)

Clearing Charges

Zero

None

0.0002% on turnover

Conclusion
We have discussed some factors like purpose of investment, brokerage, app interface, etc that can help you for a better selection of stockbroker. All three (that is Upstox, Zerodha, and Groww) stockbrokers were explained in brief that will give a clear idea about the background. Moreover, the comparison table that is provided almost covers every point for comparison. Now choose the stockbroker that suits best according to your requirements and with the best features.