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Car Rental Services in India – A Complete Guide

Car rental services

When commuting across a new city, what would you prefer? Would it be public transport or a rented private car? Even a few years back, the majority would have answered in favour of public transport. But standing in 2021, given the present situation, most would reply “it’s better to rent a private car.” The reasons would be convenience, comfort, affordability, easy availability of reliable car rental services in India as well as abroad and most importantly the COVID-19 pandemic.
 
With the pandemic induced social distancing norms still keeping us at safe distances, people prefer to travel in cars rather than public transportation. Getting a long term car rental service to move across your city or when you are out vacationing or visiting another city for work purposes, makes the conveyance easy and accessible. One is no longer required to travel in crowded buses and trains, minimizing the risk of contracting the virus.
 
Other than the safety and hygiene issues, car rental companies are also known to provide well-maintained vehicles and lucrative deals on rental packages, making it more appealing to the people. There is a lot to explore and understand about rentals, especially if you are yet to try such a service. This write-up aims to inform you about all the essential details.
 

Types of Car Rental Services

 
There are different variations in car rental services, such as:
 
On-demand Cab services: This is the most popularly used car service, where you get a vehicle on-demand with a chauffeur/driver. Cab services are the immediate alternatives for public transport like city taxis, autos, and buses. The car ride is booked online through an app and the driver picks you up from your location taking you to your destination for a charge that is appropriate for that hour of the day.
 
Self-drive rental car: Here you get a vehicle on rent to suffice travelling needs but without the driver. The company provides you with a well-maintained car of your choice for a certain period against rent. You can rent it for a few days, every month, or just a day. Different packages determine the rent as per the car model, the duration, and other vehicular features.
 
Intercity Car Rental: Intercity car rental services allow you to rent a vehicle from your city to another and vice versa. These can be self-driven cars or ones with drivers, as per your preference.
 
Outstation Car Rental Services: Suppose you are vacationing in a different city and you require a means of conveyance that you can access 24×7. Outstation car rental services usually run a pan-India network, where the company has the connections to provide you with a vehicle in a city other than yours for any period.
 
Rent a Car Abroad: There are car rental services in India that can arrange a car for you during your overseas travels as well. Since these are self-drive rented cars you need an international driver’s license to book and use it.
 
Moreover, there are also luxury cars and vintage cars that you can rent for special occasions. You can also get cars that specifically serve people travelling to and from the railway stations and airports.
 

Benefits of Renting a Car

 
For the remaining part of this blog, we will keep our focus on the self-drive car rental services, which offer both short-term and long term car rental packages. Why you should think of availing such a service?

  • Unlike public transport, you can travel in peace with your friends and family without any ambient noise and chatter from the crowd.

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  • Since you are travelling either alone or with friends and family, there would be nary a chance that you would come in contact with a COVID infected person. It is social distancing at its best.

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  • The cars are kept clean and well maintained by the rental companies so you can rest assured of the health and hygiene factors, as opposed to the public transport.

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  • Rental companies offer special offers and packages, making conveyance affordable for you.

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  • When in another city or another country, with a rental car you have access to transport at all times. You do not need to depend on public transport in a place where you might not be well-acquainted with the commute system.

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  • It allows you to travel at your convenience with your friends and family without having to stick to a third-party itinerary.

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Conclusion

The moral of the story is; car rental services ensure that you move across your city/town, or during a vacation abroad enjoying absolute convenience and comfort. Nevertheless, while hiring car rental services in India, you must always check the range of services, the quality of the cars, and the overall reputation and track record of the company to avoid any mishaps or misunderstandings. Travel safely and joyfully with a reliable service provider.

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10 Benefits of Health Insurance You should Know

Health insurance service

COVID-19 pandemic has opened our eyes to some harsh realities; but if it has taught us anything on the health and financial end, it’s this; all that wealth you amass would amount to nothing if your health state is far from optimal. Constant illness of the body does to your bank balance what running tap water does to the tank; it just empties it. Faltering health can do that to you unless you take precautions and fortify your financial strategy with health insurance. 

One of the common problems that a lot of patients faced during the pandemic was their inability to pay the medical bills, owing to a lack of financial planning and zero health insurance coverage. In this new normal, as we cope with the remnants of the pandemic, insuring your health should be a foremost priority. If you have nary an idea where to start or what to get, then there are health and life insurance advisors, who can help in understanding the crests and troughs. On that note, here are the ten benefits of getting health insurance for you and your family. 

  1. Financial Security: That’s the biggest advantage of getting health insurance. With comprehensive medical coverage, you do not need to drain out your life’s savings, liquidate your assets or get a loan, leaving your financial status in shambles. Considering that quality healthcare these days come with a hefty bill attached to it, getting insurance should be your top priority.   
  2. Income Tax Benefits: Did you know that the premium you pay towards your insurance can earn you tax benefits? As per the Income Tax Act 1961, Section 80D, you can get tax deductions on insurance claims covering self, spouse, dependent children and parents. For more details on the exact rebates, you can consult with health insurance advisors.  
  3. Expenses Incurred on Hospitalization: Health insurance offered in India covers hospital expenses. If you are admitted to any of the healthcare centres registered under your insurance provider, then you can enjoy cashless hospitalization too. It covers:
  • Hospitalization due to accidents.
  • Hospitalization to treat an illness (there would be a list of illnesses covered under your insurance policy).
  • ICU rooms.
  • Long-term treatments like Cancer;
  • Experimental drug treatments (conditions apply). 
  1. Convalescent Cost Coverage: This covers any cost incurred before or after the hospitalization, such as diagnostic tests, medicines, recuperation treatments, etc.   
  2. Alternative treatment expenses: Under some health insurance companies alternative treatment expenses are also covered. You would have to consult with your agent to see if they offer certain coverage.   
  3. Instant Medical Bill Coverage: Once the waiting period is over and your policy commences, you can avail instant coverage on your medical bills for any healthcare services with zero delays on claims.   
  4. Protection for a Lifetime: These days the health insurance plans come with the advantage of lifetime renewability, allowing you to extend the tenure of the policy till retirement. It stands as security from health emergencies in old age.
  5. Coverage on Pre-existing Diseases: Pre-existing diseases or asymptomatic ailments can manifest over time and cause a major health crisis later on. Health insurance offers coverage against such cases as well, giving you a financial buffer for check-ups and recurring treatments.   
  6. Lifesaving: Since you save so much on the usual medical bills and expenses, not to mention owing to the offers and discounts often presented by insurance policymakers, that it substantiate your life savings by a lot.  
  7. Opportunity for Investment: Some insurance policies come with an inbuilt ULIP (unit-linked investment policy), which also enables the policy buyer to invest in market products as per the risk profile with a guaranteed cash flow for a certain duration.

Conclusion

Many people don’t fall sick that often, which gives them the impression and the confidence that they are completely fine; they do not get health insurance. Nevertheless one should remember that not all illnesses of the body come with prior notice or warning signals. Take COVID-19 for instance; it enters a healthy body and ravages it raking medical bills as high as a mountain. If you don’t have health insurance then it can lead to a financial catastrophe, disrupting your life. 

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Everything you need to know about Money Transfer Service

Money transfer service-min

As a token of wealth and its exchange, money has been around in some form or idea for thousands of years. If we look back to the older civilizations, the exchange happened in livestock and goods, known as the barter system. We gradually moved on to coins (500 BCE), and paper currency (600-900 CE), leading up to the present-day prominence of electronic or online transfers. Speaking specifically about the modern-day concept of a money transfer service, it dates back 150 years with America as the place of origin. 

Western Union was the first company to send money overseas via a telegram. A lot has happened since then. The advancement in technology and financial services has led to a revolution in money transfer, especially in the past decade. 

At present domestic and international money transfers comprise a significant market share in the financial services industries with multiple avenues and factors in the equation. What took weeks for monetized telegram can be executed in a matter of days through cutting-edge money transfer services today (both domestic and international remittances). So what are the options? 

Money Transfer Service: Better than Banks?

The benefit of an instant money transfer service is that it makes cash readily available in times of emergency. At present, money transfer domestically takes a few minutes to a few hours while international transfers take a couple of days. 

Nevertheless, the receiver gets the money fast, unlike traditional financial institutions like banks that still take days to a week to credit the amount into the receiver’s account. Hence, a money transfer service is more convenient, secured, affordable, and ensures timely execution and processing of the transfer.  

Domestic & International Money Transfer Service

Money transfer has two distinctions. You can either send money domestically (within the country) or you can send money abroad from India or vice-versa. The latter is termed outward remittances. 

Money transfer services typically offer both domestic and international transfers. For domestic transfers, one has to send the money from one branch to another. The sender avails the money transfer services to deposit a certain amount in one branch, while the money gets debited from his/her account. The same amount gets credited to another branch from where the receiver can get the money.

International remittance is when you send money overseas, which is more complex than domestic transfer. It also costs you more because of the foreign currency exchange rate, which tends to differ in real-time. So, the idea is to find a service provider that offers you the lowest exchange rates without surplus transfer charges for your remittance. 

Using money transfer services allows you to send money overseas with the local currency that you have at hand. For instance, suppose you want to send a monthly allowance to your daughter studying in America, you can send it in INR and receive the amount in US dollars. In bank transfers, a deposit can only be made if the receiving account is a USD account. The deposit can only happen in USD. 

The advanced digitization in the financial services sector and modification of traditional processes have brought landmark changes in domestic and international money transfer practice. It has not only made it faster but also more secure through advanced safety protocols. 

Transcorp: India’s Trusted Money Transfer Service

Transcorp India has a legacy of 25 years, offering people seamless domestic and international money transfer services at the industry lowest charges. They provide individuals and businesses with an assortment of financial services, with money transfer being their primary area of expertise. They have AD2-authorization from the Reserve Bank of India, which makes them legit and reliable as well. 

Transcorp’s domestic money transfer service is enabled via a substantial number of branches that enable the customers to send money to each other in a matter of minutes; it is a hassle-free process that neither requires one to open an account like in a traditional bank nor the hefty charges involved in the process of money transfer. 

The outward money transfer or international remittance service of Transcorp is considered one of the best in India, which helps one to send money overseas at affordable charges. The company is the principal agent of Western Union, allowing the execution of cross border transfers in seconds across more than 200 countries. 

Treanscorp has outlets in more than 40 locations along with a 6500 franchise network across the country. 

Conclusion

In this digitally advanced age, with globalization constantly shrinking the border, having access to trustworthy money transfer services has become the need of the hour. Transcorp offers convenience, speed, and reliability in domestic and international transfers, unlike any other service provider. Check out their services here and leverage the best money transfer services in India.