Goods and Service Tax popularly referred to as GST is a merger of all indirect taxes such as sales tax, excise duty, service tax and other state taxes. It came into effect on 1st July 2017 and ensured that the final user pays a single tax. However, home appliances and lifestyle products have become more expensive since GST was implemented. Consumer goods and automobiles, on the other hand, have witnessed a price drop.

But what’s the impact of the GST on car insurance?  Let us explain it in detail!

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Although buying a new car marks as a breakthrough for your life, it demands extensive research and homework. Right from selling your existing car to deciding on the new four-wheeler, you need to take care of multiple aspects while purchasing a new car.

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Car insurance is mandatory by law. Driving around without one is therefore illegal! There may be many reasons why a policy has lapsed and wasn’t renewed before its expiry date - because the policy holder forgot the date altogether or it could be other personal causes that have delayed the renewal.

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Here are some jobs that you can do yourself to keep your car maintained. Listen to the checklist and repair your car by yourself now.

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Third-party insurance is mandatory for all those who own a motor vehicle. While it does not cover the expenses incurred to your own vehicle, it covers the costs and all legal liabilities you have to bear for an accident caused by you. This includes any damage repair, physical injury and/or death of the third party.

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Most people who want to buy a new car spend a lot of time researching the latest model, on-trend colours, upgraded safety features! Some  even talk to experts and get various opinions to finally make a compiled decision!

Unfortunately, the research ends there and most of us know way too little about car insurance and all that it entails.

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As car insurance is mandatory for every car owner, it needs to be renewed annually. But we all find it daunting, don’t we? Some people avoid renewing their vehicle simply due to the lengthy process. Although, by ignoring our car insurance policies we are not only breaking the law but also putting ourselves under financial risks.

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Buying motor insurance is imperative for financial protection and security during crises caused by accidents. If you can claim compensation for damages, recovering from unexpected occurrences becomes a lot easier.

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As the caption states, why haven’t you bought your health insurance yet? If you can avail insurance on things like your car, your house, etc then insuring yourself also is equally important.

While everyone's quest is to consistently be in good health and it is equally important to know that no one plans to fall sick or get hurt and most of it happens unannounced.

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When people decide to go on a diet they are already on a mindset that they are depriving their bodies of the food they want. This is the reason why most of them quit in the first 7 days itself!

The trick to lose weight is to make lifestyle changes and not just nose dive into any form of fad diets to see quick results.

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