Window Type Air Conditioners: Efficient Cooling for Your Space

Window Type Air Conditioners: Efficient Cooling for Your Space

by | Aug 19, 2023 | ac

Window Type Air Conditioners: Efficient Cooling for Your Space

There is a wide array of air conditioner brands, each offering numerous models that differ primarily in aesthetics, design, appearance, colour, shape, and size. As a result, selecting the most suitable air conditioner can be a daunting task for consumers. Additionally, it is crucial to consider the latest models when making a purchase. The key factors to focus on while choosing the right AC include its energy efficiency ratio, power consumption, cooling capacity, and any unique features it may offer.

A major deciding factor for consumers is whether you want a window AC or a split AC model or latest Inverter Type AC (variable speeds). Though window units are cheaper and easy to install, split ACs are quieter, aesthetically more pleasing and provide better air distribution. But if there is a good provision for installing window category, go for window only. Globally windows ACs have almost gone out of production but in India we still have a good choice. Once you have decided to buy an air conditioner then a careful market study is required for which Consumer Voice has done some basic research.

Window air conditioners are quite popular because of their lower initial cost, compactness (single unit) and efficiency and ideal for small size rooms, bedrooms, small offices where provision of windows are already there to accommodate the unit. Window AC units are self-contained, single-unit air conditioners that are mounted inside an open window. Split type AC is very popular because it can be fitted in a room without having open up walls or windows to install AC. Split air conditioners are made up of two parts – an indoor unit and an outdoor unit that work together to cool the room. Usually, Split ACs are faster at cooling, more energy efficient and quieter than window AC. Split air conditioners for domestic & small offices use come in the cooling capacity ranging from 0.75 to 3.0 tons.

Room Size and Tonnage of Window AC 

Tonnage refers to the cooling capacity of the air conditioning system, where one ton is defined as the amount of heat required to melt one ton of ice in 24 hours. It is essential to choose an air conditioner with the right tonnage according to the size of your room.

Room Size

Tonnage

>120 Sq. feet

0.75

120-150 Sq. feet

1.0

150-180 Sq. feet

1.5

180-220 Sq. feet

2.0

 

Type – Split or Window

Window ACs are usually cheaper and relatively easier to install, however, they are much noisier as compared to a split AC. Split ACs provide better air distribution, are more beautiful to look at, and provide comparatively faster cooling. Additionally, split ACs provide higher efficiency and are more suitable for long-term use. Both types of air conditioners are available in a large variety of designs and sizes.

Important Criteria for Buying an Air Conditioner

Capacity: The capacity of the air conditioner should be considered depending on the floor size of the room for which the AC is required. A rough measure is that an area in range of 120 ~140 Sq. ft. area will need 1 ton, 150 ~180 Sq. ft. area will need 1.5 ton and 180 ~240 Sq. ft. area will need a 2 ton cooling capacity air conditioner.

Energy efficiency: Air conditioners come with star rated energy efficiency ratings, which has been implemented by the Bureau of Energy Efficiency (BEE). Therefore, any unit with more stars will consume lesser electricity than one with a lower star rating. If the regular usage of ACs are more than 4 hrs/day, go for higher star rated (4-5) AC, else 3 star can serve your purpose. 3-star ACs are most popular as mid-range power saving gives consumers a great price advantage as compared to a 5 star.

Copper VS Aluminium Coils: In recent years, air conditioners have been introduced with aluminium coils for their condenser units, offering a slightly lower cost but reduced durability over time. Therefore, it is highly recommended to prioritize air conditioners with copper coils and not compromise on cost when making a purchase. Copper coil ACs boast significantly longer lifespans and are associated with fewer leakage complaints, making them a more reliable and worthwhile investment.

Installation & cartage: Window air conditioners are so simple to install that even a person without much skill can do it. While placing order clear terms of payment (cash or cheque/draft), installation charges if any as it is generally included in the unit cost. Also insist for the free home delivery while placing the order.

After sales services: Look for a longer service oriented reputed brands which has the capabilities and good network to meet the servicing need of your product. Ask your friends and relatives for feedback.

Brand Selection: You should carefully choose an air conditioner brand which fulfils your need of maximum energy saving through highest EER, best cooling performance and extensive after sales service.

ISEER: ISEER stands for Indian Seasonal Energy Efficiency Ratio. It is the ratio of total annual amount of heat that the equipment can remove from the indoor air when operated for cooling in active mode to the total annual amount of energy consumed by the equipment during the same period. Higher ISEER rating means a more energy-efficient air conditioner that can help you save on your energy bills in the long run.

Cooling Capacity: Cooling capacity is the measure of a cooling system’s ability to remove heat.

Power consumption: Electrical energy over time supplied to operate an electrical appliance.

Keeping a Reasonable Temperature

On a hot day – say 43 degrees C – you may be tempted to put the air conditioner way down to 20 degrees C to get the room cool as quickly as possible. But if you can cope with setting the temperature at 25 degrees C, you will save big on your energy bill. Each degree cooler, or warmer in winter, can add about 10 per cent to the running cost. The same principle applies in winter. If it’s 10 degrees C outside, try setting the indoor temperature to 18 degrees C rather than 25 degrees C.  Generally, you’ll get better efficiency by aiming for a maximum temperature differential of about 8 degrees C. So, on 35 degrees C Day, set your indoor thermostat to 25 degrees C. Realistically, most people will still go for a cooler temperature. You can probably aim for a bigger differential if your house is very thermally efficient (well-insulated, double-glazed, etc).

Star-rating labels: Once you’ve worked out what capacity you need, compare the star ratings of models of similar capacity. The more the stars (from 1 star to 5 stars), the lower the running costs and greenhouse gas emissions. Air conditioners come with star-rated energy-efficiency ratings; these have been standardized/implemented by the Bureau of Energy Efficiency (BEE), Govt Of India. Therefore, any AC with more stars will consume less electricity than one with a lower star rating.

Tips for optimal use of ACs

  1. Do not install AC units on walls that are exposed to direct sunlight through a major part of the day during summers.
  2. Reduce air-conditioning energy use by as much as 40 percent by shading your home as windows and walls. Plant trees to keep the day’s hottest sun off your house.
  3. Try turning your AC down at night and utilize the “sleep mode” which lowers the output on a timer.
  4. One will use 3 to 5 percents less energy for each degree air conditioner is set above 25°C to provide the most comfort at the least cost. Keeping ACs at (24-26 degree centigrade) can save electricity.
  5. Using ceiling fans allows you to set the temperature higher because the air movement will cool the room.
  6. Clean the air-conditioner filter every month. Clean filters enable the unit to cool down quickly and use less energy.
  7. Have your air conditioning unit checked if the Freon gas level is not correct, you will waste a lot of energy and your home will never be as cool as you want it.
  8. The gaps around the windows and doors leads to AC loss.
  9. Buy Inverter or split ACs instead of window ACs. They cost more, but they are more energy efficient and consume lesser electricity.
  10. Switch to evaporative coolers from air conditioners during hot/dry summer days.

Window Type Air Conditioners: Comparison at a Glance

The survey of window type air conditioners was conducted in the 3rd week of July 2023.

S No. Brand Model Inverter type/Fixed Speed

Energy-

Efficiency

Ratio (EER)

(W/W)

Nominal

marketing

capacity

(ton)

Nose Level

(dB)

Annual Power

consumption

(KWH)

Star

Rating

Retail

price

(Rs)

Warrantee (Product+

compressor), year
1

Blue Star

 

 WIB518LN Inverter type   1.5 56 1082 5 39199 1+4
2 LG RW-Q18WUZA Inverter type 3.68 1.5 44 1053 5 36990 1+10
3 LG PW-Q18WUZA Inverter type 3.68 1.5 44 1053 5 36990 1+10
4 Lloyd GLW18C3YWSEW Fixed speed 3.15 1.5 52 1180 3 27290 1+5
5 Voltas 185V Vertis Elite Inverter type 3.51 1.5 56 5 33699 1+10
6 Godrej WIC 18UTC3 WWA Inverter type 3.13 1.5 54 1263 3 29880 1+10
7 LG RW-Q18WUZA Inverter type 3.68 1.5 44 1053 5 36889 1+10
8 Voltas 183 LZH Fixed speed 2.92 1.5 55 1338 3 30000 1+5
9 Voltas 183V Vertis Elite Inverter type 3.15 1.5 56 3 30850 1+10
10 Godrej WIC 18UTC5 WWA Inverter type 3.55 1.5 54 1111 5 31860 1+10
11 LG RW-Q18WUZA Inverter type 3.68 1.5 44 1053 5 36889 1+10
12 Lloyd GLW18I3FWCEV Inverter type 3.13 1.5 52 1222 3 29890 1+10
13 Panasonic

CW-XN182AM

 

 Fixed speed 3.34 1.5 56 1169 5 35999 1+5
14 Blue Star WFA318LN Fixed speed 3.24 1.5 53 1168 3 29699 1+5
15 Carrier Estra DX -CAW18SC3R32F0 Fixed speed 3.21 1.5 52 1206 3 28990 1+5
16 Carrier Estrella Dx Fixed speed 3.00 1.5 52 1350 3 28999 1+5
17 O GENERAL AMGB12FAWA Fixed speed 3.29 1.1 4 33500 1+5
18 Godrej WIC 18UTC5 WWA Inverter type 3.55 1.5 54 1111 5 31860 1+10
19 Hitachi RAW318HFDOF Fixed speed 3.20 1.5 50 1161 3 29890 1+5
20 Daikin MTKL50U Inverter type 4.00 1.5 35 3 36990 1+10

All models had copper condenser tubes. Prices may vary therefore check current prices at amazon.in or flipkart.com.

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Recurrent pregnancy loss

Recurrent pregnancy loss

by | Aug 19, 2023 | Guest Column

Recurrent pregnancy loss

With an increasing number of affected couples, recurrent pregnancy loss (RPL) has become a widespread reproductive health problem. Clinically, it is defined as the loss of three or more pregnancies before the foetus reaches viability. It affects approximately 3 percent of couples attempting to conceive. Cases with multiple miscarriages with or without any viable children are also categorized as RPL.

Dr. Sarla Naglot, ICMR, New Delhi

According to the latest medical journals, uterine anomalies, antiphospholipid syndrome, inherited thrombophilia, abnormal endocrine factors, environmental factors, advanced parental age, and genetic factors may cause RPL by interfering with foetal development that eventually leads to miscarriages. Uterine abnormalities, like uterine septum and Müllerian anomalies, disrupt placenta growth by hampering the endometrium’s blood supply, resulting in miscarriages. Hormonal disorders like hyperprolactinemia, thyroid disorders, uncontrolled diabetes, luteal phase deficiency, and polycystic ovarian syndrome (PCOS) are also associated with RPL. RPL is also reported in patients with hyperprolactinemia and diabetes mellitus I. Moreover, environmental factors like obesity, smoking, excessive caffeine consumption, and alcohol intake are known to increase the risk of miscarriages.

Another significant factor influencing RPL pathogenesis is the maternal immune response against the foetus. The mother’s immune system often views the foetus, with its half-paternal genome, as a foreign body, but a protective immunological cascade gets activated during pregnancy to prevent its rejection. In RPL, autoimmune factors like antiphospholipid syndrome, antinuclear antibodies, and anti-thyroid antibodies lead to an immune reaction against the foetus causing its early rejection. Amongst the known autoimmune disorders connected with RPL, the antiphospholipid syndrome is garnering significant attention due to its high prevalence. Another factor usually seen in RPL cases is embryo chromosomal abnormalities, due to natural selection such foetuses do not survive beyond the 10th week of gestation. As one of the factors involved in RPL is maternal age, couples are strongly advised to undergo peripheral karyotyping. This particular cause of RPL is highly encountered by the new generation of would-be parents due to their late family planning. It has been reported that there is an increased incidence of foetal aneuploidy in older mothers, likely due to fewer optimally developed oocytes. On the other hand, the correlation with male partners is not yet understood. While diagnosis of RPL can be disheartening, many affected couples can carry a pregnancy successfully with available modern therapy and management procedures, especially when underlying causes are endocrine diseases, antiphospholipid syndrome, or anatomical abnormalities.

Unfortunately, around 40% of RPL cases remain unexplained even after extensive clinical investigations and are termed idiopathic RPL (iRPL). Couples afflicted by iRPL go through a difficult and frustrating ordeal, facing financial burdens and feelings of fear and uncertainty. The lack of understanding about the causes of iRPL cases also poses a significant challenge for doctors. A major limitation of RPL clinical workup is that it is mostly focused on female partners and only two clinical evaluations—semen analysis and karyotyping—are recommended for male partners. This is because RPL is not related to conception or impregnation but rather to carrying the conceptus to a live birth, undervaluing the importance of male components after fertilization. However, recent discussions about the significance of sperm in fertilization and early embryonic development have shed light on the investigation of sperm-related factors in RPL. Studies have found chromosomal abnormalities, embryonic aneuploidy, oxidative stress, fragmentation of sperm DNA, and other male contributory factors in iRPL cases. Abnormal expression of certain sperm proteins that may influence feto-maternal communication, foetal development, and embryo implantation has also been identified. Proteins play a significant role in the development and efficient function of spermatozoa, impacting functional pathways and thus, uncovering molecular insights about the role of spermatozoa in fertilization and embryo development is critical for understanding successful pregnancies. Regardless of recent advancements in RPL pathogenesis and molecular insights, it continues to raise concerns and calls for auxiliary molecular research.

The research on the correlation between oxidative stress, DNA fragmentation, and pregnancy loss is still in the early stages and requires more studies to yield conclusive results. Further explorations in this area can elucidate the potential role of male contributory factors in idiopathic cases, potentially improving iRPL management. Based on the findings of our research, we believe that iRPL patients may benefit from medical treatments targeting oxidative stress and DNA fragmentation. Traditionally, the male contribution, particularly of their spermatozoa, has been perceived as limited to fertilization, and any adverse events after conception are attributed to mothers. Biomedical research, however, emphasizes the contribution of male factors in iRPL cases after fertilization. Thus, one of the significant impacts of pre-clinical research findings on male characteristics in RPL is raising awareness in society and changing clinical standards.

In conclusion, conducting more thorough investigations on male partners in RPL can help reduce the incidence of idiopathic cases, raise public awareness, and alleviate the psychological strain on women. Understanding the role of sperm-related factors and employing a molecular approach may provide critical insights into RPL, leading to improved care and better outcomes for affected couples. By unravelling the molecular mechanisms involved in RPL, researchers can identify potential biomarkers for screening and to develop targeted treatments, bringing hope to couples facing these challenges.

Two-Wheeler Loans: Get on the Road with Financial Flexibility!

Two-Wheeler Loans: Get on the Road with Financial Flexibility!

by | Aug 19, 2023 | Best Buy, Insurance

Two-Wheeler Loans: Get on the Road with Financial Flexibility!

In India, owning a vehicle, whether it’s a car or a two-wheeler, is a common aspiration. However, not everyone has the immediate financial means to purchase a bike outright. Therefore, taking a loan has become the most viable solution. Fortunately, obtaining a bike loan has become increasingly accessible over time. Depending on your credit history, you can secure loans for up to 85 percent of the bike’s cost, and in some cases, even up to 90-95 percent. This facilitates the process of buying a bike, allowing you to repay the loan through affordable EMIs (equated monthly installments). Nevertheless, selecting the most suitable bike loan requires thorough research and careful consideration to meet your specific requirements. 

   Subas Tiwari                      

A two-wheeler loan is a type of loan specifically designed to finance the purchase of a two-wheeler vehicle, such as a motorcycle, scooter, or moped. It is a popular financing option for individuals who want to own a two-wheeler but may not have the immediate funds to purchase one outright.

If you are planning to finance your bike purchase through a bank loan, it is crucial to be aware of the required documents beforehand. Failing to provide the necessary identification and safety-related paperwork can delay the loan approval process, resulting in wasted time. Thus, it is essential to gather all the required documents prior to applying for the loan. Banks typically request different sets of documents from salaried individuals and self-employed individuals to complete the loan approval procedure.

Documents for Two-Wheeler Loans

Every lender requires you to submit certain documents while applying for a loan. Some of the general documents required are given below:

Documents

For Salaried

For Self-employed

Identity Proof

PAN card, voter’s ID, passport, driving license

PAN card, voter’s ID, passport, driving license

Address Proof

Utility bills, passport, etc.

Utility bills, passport, etc.

Income Proof

Salary slips, IT returns, bank statements

Bank statements, IT returns, audited financial statements

Tips for Two-Wheeler Loan

A few loan applicants have had their applications rejected by lenders. This is not a pleasant feeling, and it is not good for your credit score. We have put together a list of tips that can help you apply successfully for a two-wheeler loan. These are as follows:

  • Determine the exact loan amount required:You should assess your needs and calculate exactly how much money you need to buy the bike you want. You should never apply for an amount larger than what you need.
  • Check your eligibility and compare your options:Once you decide how much money you need to borrow, take a look at all the loan options that you are eligible for. This is important. Never apply for a loan you don’t qualify for. This will automatically get your application rejected. Check your eligibility for a two-wheeler loan and make sure you fulfil all the criteria.
  • Check your credit score:Your credit score is one of the most important factors that determine loan approval. Lenders usually reject applications with low credit ratings. So, if your credit history is poor, look at improving it before applying for the loan.
  • Get a guarantor or co-applicant:If your credit score is not up to the requirement of the lender, see if you can get a guarantor or co-applicant. Having a guarantor or co-applicant who has good credit can help you get the loan you want.
  • Fill your loan application properly:Make sure your application is fully filled with all the details your lender requires. An incomplete application or an application that has wrong information may be rejected.
  • Submit all the necessary documents:While submitting your loan application, make sure you submit all the documents the lender requires as well. If you don’t submit the required papers, your application may be rejected.
  • Try applying with your existing lender:If you already have a good existing relationship with a bank, try taking the loan from them. This good standing may help you get a loan even if you don’t fulfil all their criteria.

 

When applying for a two-wheeler loan, there are several important factors to keep in mind to ensure a smooth and successful application process. Here are some key considerations:

 

  1. Creditworthiness:Your credit score and credit history play a significant role in determining your loan eligibility and interest rate. Before applying, check your credit score and address any issues that may negatively impact your creditworthiness.
  2. Loan Amount:Determine the loan amount you need based on the cost of the two-wheeler you intend to purchase. It’s advisable to make a down payment to reduce the loan amount and lower your monthly EMIs.
  3. Research and Compare:Shop around and compare loan offers from different lenders to find the most suitable option. Look for competitive interest rates, favorable loan terms, and minimal processing fees or hidden charges.
  4. Eligibility Criteria:Understand the eligibility requirements of lenders, including factors like age, income, employment stability, and credit history. Ensure that you meet the criteria before applying to increase your chances of approval.
  5. Documentation:Gather all the necessary documents required by the lender, such as identity proof, address proof, income documents, and bank statements. Ensure that your documents are accurate, complete, and up to date.
  6. Loan Repayment Capacity:Assess your financial situation and determine your repayment capacity. Calculate the monthly EMIs you can comfortably afford without straining your finances. Choose a loan tenure that allows you to repay the loan within your financial means.
  7. Loan Terms and Conditions:Read and understand the terms and conditions of the loan agreement thoroughly. Pay attention to details such as interest rates, processing fees, prepayment charges, late payment penalties, and other associated costs.
  8. Additional Charges:Inquire about any additional charges apart from the interest rate and processing fees. These may include documentation charges, insurance charges, and other fees that can increase the overall cost of the loan.
  9. Loan Pre-Approval:Some lenders offer pre-approval for two-wheeler loans. This allows you to know your loan eligibility and approximate loan amount before finalizing the purchase. It can simplify the buying process and provide bargaining power with the dealer.
  10. Loan Repayment Options:Understand the repayment options available, such as online payment facilities, auto-debit, or check payments. Choose the option that is most convenient for you and ensures timely repayment.

Remember to carefully assess your financial situation and borrow responsibly. Consider your monthly budget and ensure that the loan EMIs fit comfortably within your income. By being well-prepared and informed, you can make an informed decision and have a smoother loan application experience.

Do’s and Don’ts for Two-Wheeler Loan

Do’s

Don’ts

Do your research well before you apply

Don’t apply for multiple loans at the same time

Make sure you are eligible for the loan you are applying for

Don’t apply for a loan simply because you get an attractive welcome gift

Compare interest rates and find the best option

Don’t forget to fill in the application form properly

Compare processing fees and other charges

Don’t sign the loan documents without reading them thoroughly

Evaluate your credit score before you apply

Don’t choose an EMI you cannot afford

Submit all the required documents without fail

Don’t forget to pay your EMIs on time

Read the offer document carefully before signing it

Don’t forget to prepay your loan if you can

Easy financing for superbikes

In India, the price of a luxury bike starts from Rs 5 lacs and it can go up to Rs 35 lacs or even more, depending on the model. Easy availability of finance from banks as well as non-banking finance companies for high-end two wheelers prompts customers to take up bike loans.

While 60-65% of the customers buy bikes on loan, some of them may go for a superbike loan only to avoid questions from the tax angle and not because they cannot afford it. But there are also instances of people with a monthly salary of Rs 30,000 buying these bikes.

For banks, offering loans for high-end bikes is one way of getting high net worth individuals (HNI) as customers. Strangely, many banks offer loans for luxury two-wheelers at rates lower than that for standard two wheelers. However, the tenures may be longer due to the high cost of the bike.

In some cases, the bank might not have an off-the-shelf loan product but could tailor one to suit the buyer’s needs. After all, someone who can afford to buy a bike of more than Rs 5 lacs could be a potential high net worth customer for the lender. The loan amounts are usually 70-80 per cent of the bike’s cost, but can also go up to 90 per cent, if the bank is happy with the customer’s profile.

People who buy high-end two wheelers do it more as a status symbol or for pleasure. But those who take loan for standard two wheelers are people who buy them out of necessity, for their daily commute.

The market for high-end bikes in India is at a nascent stage, although it is growing. Harley-Davidson has tie-ups with some private banks. Triumph is the superbike from UK and is financed by a few other private banks under a tie-up. Bucati is also a luxurious bike which is now sold in India. However, only a small percentage of customers opt for such loans.

While a large section of the demand comes from Delhi and Mumbai, cities like Bangalore, Ahmadabad and Chandigarh, too, have been excellent markets as a rich biking-culture already exists there. There is also an increasing demand from the south of India with Kochi, Chennai and Hyderabad where there is scope for a growing market for such superbikes.

Two-Wheeler safety tips for riders in the rainy season

It is very hard to drive on the Indian roads during the monsoon. Drainage, ditches, and speed-breakers are very dangerous during the heavy rains. Here are some safety tips for two-wheeler riders across the Indian cities & towns.

Before starting the vehicle, pre-check your vehicle for clutch, brake, indicators, headlight and fuel.

  • Always wear a fully covered helmet.
  • Follow the traffic rules religiously.
  • Pedestrians are extremely hard to spot in rain, so drive with care.
  • Don’t splash water on pedestrians.
  • Be extra cautious about the stray animals on the road.
  • Use indicators for turns and use head lights (dipper) for overtaking.
  • Avoid using cell phone and listening to music though earphones while driving.
  • Spot the vehicle behind you in the mirror before taking any turn.
  • Do not mix drinking and driving.
  • Drive slowly during the rains as well as on wet roads.
  • Avoid going through the kuchha road.
  • Go slow over the flooded roads.
  • Stay off the roads during heavy rains; park in concrete shade and wait till the rain stops.
  • Ride carefully and keep a safe distance between vehicles.
  • Be sure to wear a raincoat that will keep you dry so that you can wade your way.
  • Do not panic in adverse situations like a traffic jam or signal failure. Keep calm & allow for the traffic woes to ease.
  • Always carry license and other required documents.

Plan the journey in such a way that you reach your destination within daylight hours in rainy season.

The following table helps you compare the interest rates and processing fees offered by leading banks in India:

S.N.

Bank Name

Interest Rate

Processing Fee

1

ICICI Bank 

9.00% p.a. onwards 

Up to 4.75% of the loan amount + GST 

2

IDFC First Bank 

9.99% p.a. onwards 

5% of the loan amount 

3

Axis Bank

11.00% p.a. onwards

2.5% of the loan amount

4

Bank of India 

11.00% p.a. onwards

Contact the bank

5

Punjab National Bank

11.15% p.a. onwards

0.5% of the loan amount subject to Rs.500 to Rs.1,000

6

Canara Bank

11.35% p.a. onwards 

Nil

7

Union Bank of India

12.20% p.a. onwards

Contact the bank

8

Bank of Baroda 

9.40% p.a. onwards

2% of the loan amount 

9

Karnataka Bank 

14.23 p.a. onwards

Contact the bank 

10

HDFC Bank

14.50% p.a. onwards

2.5% of the loan amount

11

State Bank of India

17.75% to 19.50% p.a.

2.00% of the loan amount + GST (minimum of Rs.1,000)

12

UCO Bank 

UCO Float Rate plus 4.80% 

1% of the loan amount (minimum of Rs.500)

13

Indian Overseas Bank 

12.55% p.a. onwards 

Contact the bank 

14

Karur Vysya Bank 

10.80% p.a. to 17.30% p.a. 

1% of the loan amount (minimum of Rs.1,000)

15

Tamilnad Mercantile Bank 

14.95% p.a. 

1% of the loan amount 

Interest rates and processing fees sourced from- https://www.bankbazaar.com as on 06th July 6, 2023

Related

Family Floater Health Insurance Policies

Family Floater Health Insurance Policies

by | Aug 19, 2023 | Best Buy, Insurance

Family Floater Health Insurance Policies

Family floater health insurance policies are a type of health insurance plan that provides coverage for the entire family under a single policy. Rather than individual policies for each family member, a family floater policy offers consolidated coverage for the primary policyholder, their spouse, and dependent children.

The main objective of a family floater policy is to provide financial protection against medical expenses arising from illnesses, injuries, hospitalizations, and other healthcare needs of the family members. It offers a comprehensive and convenient solution to manage the healthcare needs of the entire family under one policy.

Subas Tiwari

Here are some key features and benefits of family floater health insurance policies:

Coverage for the Whole Family: Family floater policies cover all the members of the family, including the policyholder, spouse and dependent children. Some policies may also allow coverage for parents or in-laws.

Sum Insured: The policyholder selects a sum insured, which represents the maximum amount of coverage available for the family members. This sum insured can be utilized by any member of the family as per their healthcare needs.

Premium: The premium for a family floater policy is based on factors such as the age of the eldest member, the sum insured selected, and the overall risk profile of the family. Paying a single premium for the entire family is often more cost-effective than buying separate policies for each member.

Cashless Treatment: Family floater policies usually offer cashless treatment facility wherein the insured members can avail medical treatment at network hospitals without paying cash up front. The insurance company settles the bills directly with the hospital, subject to policy terms and conditions.

Coverage for Hospitalization Expenses: Family floater policies typically cover expenses related to hospitalization, including room charges, doctor’s fees, surgical procedures, medications, and other necessary medical services. The coverage may also include pre and post-hospitalization expenses for a specified period.

Additional Benefits: Family floater policies may offer additional benefits such as coverage for daycare procedures, ambulance charges, maternity benefits, newborn baby care, alternative treatments, preventive healthcare services, and annual health check-ups. These benefits may vary across insurance providers.

Policy Renewal: Family floater policies are generally renewable on an annual basis. Renewing the policy ensures the continuity of coverage for the family.

How is it different from Individual policies?

Individual Policy

Family Floater Policy

Each one of the members have to take a policy for himself/herself.

There is only one policy under whom every member of the family is covered.

 

The sum assured is individually fixed depending on your requirements.

The sum assured on the policy is the same for each member.

 

The claim on the policy will be up to individual limit.

The claim can be on the whole sum assured on the policy or can be claimed by other family members also to that extent.

 

Premium is higher in this case.

 

Premium amount tends to be lower.

Premium is fixed according to the age of the individual.

 

Premium is fixed based on the age of the oldest member.

This policy suits only an individual who does not foresee any increase in family size.

This policy will suit any individual, whose family size is expected to increase either due to marriage/childbirth or in the unfortunate event of a sister becoming a widow or the dependent parents migrate from the native village & stay with the son.

 Is Taking Health Insurance a Must?

While it is not legally required to have health insurance in all countries, having health insurance is generally considered to be a prudent financial decision and can provide several benefits.

Here are some reasons why having health insurance is often recommended:

  • Financial Protection:Health insurance provides financial protection against high medical costs. Medical treatments, hospitalizations, surgeries, and emergency care can be expensive, and having insurance helps mitigate the financial burden by covering a significant portion of these expenses. Without insurance, you may have to pay for medical bills out of pocket, which can be financially devastating, especially in case of major illnesses or accidents.
  • Access to Quality Healthcare:Health insurance gives you access to a network of hospitals, clinics, and healthcare providers. Many insurance plans have tie-ups with specific hospitals or a network of providers, allowing you to receive medical care at discounted rates or through cashless treatment facilities. This ensures that you can receive timely and quality healthcare services when needed.
  • Timely Medical Attention:With health insurance, you are more likely to seek timely medical attention for health concerns, as you have coverage for the associated costs. Regular health check-ups and preventive care can help identify and address health issues early on, increasing the chances of successful treatment and reducing the risk of complications.
  • Coverage for Major Illnesses and Accidents:Health insurance provides coverage for major illnesses and accidents, which can require extensive medical treatments, surgeries, or long-term care. These unexpected events can be financially overwhelming without insurance coverage. Having insurance ensures that you can receive the necessary medical care without worrying about the financial implications.
  • Peace of Mind:Having health insurance brings peace of mind, knowing that you are financially protected against unforeseen medical expenses. It allows you to focus on your health and well-being without the constant worry about how to manage healthcare costs.

However, the decision to take health insurance ultimately depends on your individual circumstances, including your financial situation, access to healthcare, and the healthcare system in your country. It is advisable to carefully assess your needs, compare insurance plans, and consider factors such as coverage, premiums, deductibles, and exclusions before choosing a health insurance policy that best suits your requirements.

Limitations

  • The family floater plans are priced based on the age of the senior most member; as he/she gets older, the flexibility in premium decreases & the cost of the premium increases significantly.
  • The family floater policy will be renewed only till the senior most member reaches the maximum age of the renewability as provided in the policy.
  • Children who reach the maximum age (normally it is 25 years or becomes independent on getting a job or is gainfully self- employed) will have to buy a separate policy for themselves.

IRDAI REVISES GUIDELINES ON STANDARD INSURANCE POLICY- COMMON WORDINGS & ENSURING SEEMLESS PORTABILITY

  • The standard health policy will have benefits of cumulative bonus.
  • Insurers will not be permitted to impose deductibles.
  • Customers will, however, be subject to a fixed co-pay of 5% of claim amount across all ages which will be clearly mentioned in the policy document.
  • All insurers to offer the above cover on indemnity (protection) basis only.
  • There cannot be any other add-on covers like critical illness or benefit-based covers.
  • Insurers will have the final decision on the premium price.
  • These rates would have to be uniform across India.
  • Insurers cannot have geography or zone-based pricing on these rates.
  • The “Arogya Sanjeevani” policy (which is a standardized & custom-built policy model brought out by IRDAI) based on which insurers could bring out their policies & the same can be availed as for both individual lives & family floaters basis on or before 1stApril, 2020
  • The minimum will be Rs.1,00,000 & the maximum will be for Rs.5,00,000.
  • This policy will have no exit age.
  • For this policy, the minimum age required is 18 years & the maximum 65 years.
  • Under the family floater policy, children between 3 months to 25 years would be covered.
  • The standard policy will be offered with a policy term of 1 year.
  • The policy will allow all modes of premium payment, viz., monthly/quarterly, half-yearly & yearly.
  • Treatment for cataract & age-related eye ailments, ulcers, piles, sinus, benign ENT disorders, tonsillitis, adenoidectomy, mastoidectomy & all internal & external tumours will be covered subject to a waiting period of 24 months.
  • Treatment for joint replacement (unless arising from accident & age-related osteoarthritis) will have a waiting period of 48 months.

How is my Family Floater Health Insurance Premium Calculated?

The premium for a family floater health insurance policy is calculated based on several factors. While the specific methodology may vary between insurance companies, here are some common factors that influence the premium calculation:

  • Age of the Oldest Member:The age of the oldest member in the family plays a significant role in determining the premium. Generally, higher age is associated with increased health risks, leading to higher premiums.
  • Sum Insured:The chosen sum insured, which represents the maximum coverage amount under the policy, affects the premium. Higher sum insured amounts typically result in higher premiums.
  • Family Size:The number of family members covered under the policy can impact the premium. A larger family may result in higher premiums compared to a smaller family.
  • Zone or Location:The geographical location of the insured members can influence the premium. Insurance companies may have different premium rates for different regions based on factors like healthcare costs, infrastructure, and demographics.
  • Medical History:The medical history and pre-existing conditions of the insured family members can affect the premium. Certain health conditions may lead to higher premiums or exclusions from coverage.
  • Lifestyle Factors:Lifestyle factors such as smoking, alcohol consumption, or engagement in high-risk activities can impact the premium. These factors may increase the likelihood of health issues and result in higher premiums.
  • Deductibles and Co-payment:If the policy has a deductible or co-payment clause, where the insured has to bear a portion of the expenses, the premium may be adjusted accordingly.
  • Coverage and Add-ons:The extent of coverage and additional benefits chosen, such as maternity coverage, daycare procedures, or alternative treatments, can influence the premium.
  • Claim History:The claims history of the insured members may be taken into account. If there have been frequent or high-value claims in the past, it may result in higher premiums.

It’s important to note that each insurance company may have its own methodology for premium calculation, and the weightage given to each factor may vary. It’s recommended to reach out to insurance providers or agents for accurate premium quotes based on your specific family’s details and requirements.

Here are 20 tips to consider when buying a family floater health insurance policy:

  1. Assess Your Family’s Healthcare Needs:Understand your family’s medical history, current health conditions, and anticipated healthcare needs to determine the appropriate coverage required.
  2. Evaluate Insurer Reputation:Research and choose a reputable insurance company with a strong track record in providing quality coverage and prompt claim settlements.
  3. Coverage Adequacy:Ensure the policy offers sufficient coverage to meet potential medical expenses for the entire family.
  4. Network Hospitals:Check the list of network hospitals affiliated with the insurance provider to ensure convenient access to quality healthcare services.
  5. Pre-Existing Conditions:Review the policy’s stance on pre-existing conditions and understand if there are any waiting periods associated with coverage for such conditions.
  6. Policy Exclusions:Thoroughly read and understand the policy exclusions to know what conditions, treatments, or situations are not covered.
  7. Room Rent Limit:Check the sub-limit on room rent and make sure it aligns with the cost of hospitals in your preferred location.
  8. Co-payment:Understand if the policy has any co-payment requirements, where you need to bear a percentage of the medical expenses.
  9. No Claim Bonus:Inquire about the availability of a no claim bonus, which rewards policyholders with increased coverage or reduced premiums for claim-free years.
  10. Claim Settlement Ratio:Research the insurer’s claim settlement ratio to assess their efficiency in processing and settling claims.
  11. Waiting Periods:Understand the waiting periods associated with specific treatments, maternity benefits, and other coverage aspects.
  12. Daycare Procedures:Check if the policy covers daycare procedures that do not require 24-hour hospitalization.
  13. Maternity Benefits: If you anticipate having children, evaluate the coverage for maternity expenses, including pre and post-natal care, delivery charges, and newborn baby care.
  14. Policy Renewal Age:Check the maximum age up to which the policy can be renewed to ensure long-term coverage for your family.
  15. Premium Affordability: Compare premium costs across insurers and assess the affordability of the policy in relation to your budget.
  16. Claim Process:Understand the claim filing process and the ease of claim settlement, including the availability of cashless treatment facilities.
  17. Additional Benefits:Consider any additional benefits offered by the policy, such as coverage for alternative treatments, preventive healthcare services, or annual health check-ups.
  18. Customer Service:Evaluate the insurer’s customer service track record, including responsiveness, support, and grievance resolution.
  19. Policy Flexibility: Assess if the policy allows for adding or removing family members during the policy period, considering potential changes in family structure.
  20. Read Policy Documents:Thoroughly read and understand the policy documents, including terms, conditions, and limitations, before making a final decision.

It’s advisable to consult with financial advisors who can provide personalized guidance based on your specific requirements and preferences.

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From Grain to Gain: Mastering the Art of Aata Selection

From Grain to Gain: Mastering the Art of Aata Selection

by | Aug 19, 2023 | Guest Column

From Grain to Gain: Mastering the Art of Aata Selection

Are you aware of what goes into that essential ingredient that forms the foundation of countless Indian meals? Yes, we’re talking about aata, the versatile flour that brings us the beloved rotis, chapatis, and parathas. But have you ever stopped to consider the quality and integrity of the aata you purchase from the market? In a world where consumer choices abound, it’s crucial to be aware and informed about the products we bring into our kitchens. This article aims to shed light on the importance of consumer awareness when it comes to buying aata, ensuring that you make the best choices for your health and well-being. So, join us on this journey as we uncover the secrets hidden within those seemingly innocent bags of flour and empower you to become a discerning and confident aata buyer. Let’s dive in!

                                                                                                                                                                  Richa Pande

When it comes to aata, there’s more than meets the eye. This humble flour comes in various types, each with its unique characteristics and benefits. From the finely ground wheat aata that gives you those soft and fluffy rotis to the nutrient-packed multigrain aata that adds a wholesome twist to your meals, the choices seem endless. However, amidst the vast array of packaged aata available in the market, there are common concerns that conscientious buyers like you should be aware of. Adulteration, contamination, and misleading packaging practices have become all too prevalent, compromising the quality and safety of the flour we bring home. That’s why it’s crucial to choose your aata wisely, considering factors such as purity, nutritional value, and transparency. By making informed decisions and opting for high-quality aata, you not only safeguard your health but also contribute to the overall well-being of your family. So, let’s delve deeper into the world of aata and discover why being a discerning buyer is the key to nourishing your loved ones with the best.

In a world where food products often conceal hidden truths, it’s not uncommon for seemingly innocent bags of aata to harbor their own set of concerns. As an informed consumer, it is crucial to be aware of the common pitfalls when purchasing aata. Let’s unveil the hidden realities behind these packages filled with flour.

  1. Adulteration and Contamination
  • Mixing of Low-Quality Grains:One of the most prevalent issues in the aata market is the mixing of low-quality grains. Some unscrupulous sellers may blend inferior or even damaged grains to cut costs and maximize their profits. This compromises the overall quality and nutritional value of the aata, leaving you with subpar flour.
  • Presence of Artificial Additives:To enhance texture, colour, or shelf life, some manufacturers resort to adding artificial additives to their aata. These additives may include chemicals, preservatives, or synthetic flavour enhancers that are not only detrimental to your health but also mask the natural characteristics of the flour.
  • Contaminants such as Pesticides or Chemicals: Inadequate quality control measures during cultivation, processing, or storage can lead to the presence of contaminants like pesticides or harmful chemicals in aata. Consuming flour contaminated with such substances poses serious health risks and can have long-term implications for you and your loved ones.
  1. Misleading Packaging and Labelling
  • False Claims of Nutritional Value:It’s not uncommon to come across aata packages flaunting bold claims about their nutritional value. However, many of these assertions may be misleading or outright false. Some brands may exaggerate the health benefits of their product without any scientific backing, leaving you uncertain about the actual nutritional composition of the flour.
  • Incomplete Ingredient List:Another packaging concern is the lack of transparency when it comes to the ingredient list. It’s crucial to be aware of what goes into your aata, but unfortunately, some brands conveniently omit or provide incomplete information about the ingredients used. This lack of transparency hampers your ability to make informed decisions about the flour you’re purchasing.
  • Deceptive Branding and Marketing Tactics:Eye-catching packaging, captivating taglines, and clever marketing tactics can sway even the most discerning buyer. However, it’s important to go beyond the surface and not fall prey to deceptive branding. Some brands may use misleading imagery, buzzwords, or claims to create a false perception of quality and purity, leading you to choose aata that may not meet your expectations.

Different Types of Aata

Multigrain Aata

Multigrain aata, a blend of various grains, offers a nutritious alternative to traditional aata. Packed with a diverse range of nutrients, it adds depth and flavour to your meals. Different brands may offer different combinations of grains, leading to variations in taste and texture. If possible, sample a small quantity or read reviews to gauge the overall flavour and consistency of the multigrain aata. Opt for multigrain aata that is free from artificial additives, preservatives, or refined flours. Ensure that the grains used are of high quality and sourced from reliable suppliers.

Organic Aata

Organic aata, derived from organically grown grains, is gaining popularity among health-conscious consumers for several reasons. Organic aata is produced without the use of synthetic pesticides, fertilizers, or genetically modified organisms (GMOs). This means it is free from harmful chemical residues, making it a healthier choice for you and the environment. Organic farming practices focus on maintaining soil health, resulting in grains that are often more nutrient-dense compared to conventionally grown counterparts. Organic aata is known for its higher levels of vitamins, minerals, and antioxidants, contributing to a more wholesome diet. Also, organic farming methods promote sustainable agriculture, emphasizing soil conservation, biodiversity, and reduced pollution. Choosing organic aata supports sustainable practices and helps preserve the natural ecosystem. Look for recognized organic certifications, such as Jaivik Bharat, on the packaging. These certifications ensure that the aata has met stringent organic standards and is genuinely organic.

Fortified Aata

Fortified aata, enriched with iron, folic acid, and vitamin B12, offers several advantages in improving public health. It serves as a safe and effective method to prevent nutritional deficiencies, as wheat flour is widely consumed. Fortification is a cost-effective way to add back essential nutrients lost during milling. The inclusion of iron, folic acid, and vitamin B12 in fortified aata is crucial for combating anaemia and supporting blood formation. To identify fortified aata, look for the “+F” mark on the packaging. This mark signifies that the product has undergone rigorous testing and meets the required fortification standards. By choosing fortified aata, consumers can ensure that their meals are enriched with vital nutrients, contributing to a healthier and more nourished society. 

Making an Informed Choice

When it comes to buying aata from the market, a little research and attention to detail can go a long way in ensuring that you bring home a high-quality product. Here are some tips to help you make the best choices:

  • Read Online Reviews and Ratings:Before making a purchase, take some time to read online reviews and ratings of different aata brands. Feedback from other consumers can provide valuable insights into the quality and reliability of the product.
  • Seek Recommendations from Trusted Sources:Ask family, friends, or even local culinary experts for their recommendations on trusted aata brands. Personal experiences and word-of-mouth recommendations can help you make informed decisions.
  • Check for Recognized Certifications or Quality Seals:Look for recognized certifications or quality seals on the packaging. These certifications indicate that the aata has undergone rigorous testing and meets certain quality standards.
  • Look for Clear and Legible Information:Inspect the packaging for clear and legible information. Ensure that the brand name, ingredients, and nutritional information are easily readable. Avoid products with vague or ambiguous labelling.
  • Check the Expiry Date and Manufacturing Date:Always check the expiry date and manufacturing date of the aata. Freshness is key when it comes to flour, so choose products with longer shelf lives and recent manufacturing dates.
  • Ensure Proper Sealing and Tamper-Proof Packaging:Ensure that the packaging is properly sealed and tamper-proof. Airtight packaging helps maintain the quality and freshness of the aata, while tamper-proof seals provide assurance that the product hasn’t been tampered with.

When it comes to ensuring safety and quality at home, proper storage and regular inspection of aata play crucial roles. By following simple guidelines, such as storing aata in airtight containers in cool and dry places, we can protect it from moisture and pests, preserving its freshness and integrity. Regularly inspecting the aata for signs of spoilage or insects allows us to promptly discard any compromised products, preventing health risks. Additionally, being mindful of the expiry date and discarding aata past its prime ensures that we consume only the freshest and safest flour. By adopting these practices, we can confidently prepare meals that not only delight our taste buds but also prioritize our health and well-being.

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