July 21, 2022 - OPTO Banking

Factors that Impact Your Term Insurance Premium

July 21, 2022

Your insurance premium depends on a host of factors. There is no fixed premium amount for all insurance policies. Thus, you could be paying a premium that’s way lower than your friend who got his term insurance last month. Before you take out that Term insurance premium calculator and start assessing your monthly premium, take a look at the factors that affect the premium. #1 Age The most important factor in determining term insurance premium is age. The mortality rate typically increases with age, and your premium increases in tandem. In fact, insurance providers have a fixed percentage system they follow to increase their premiums with age. Therefore, it is always advisable to buy term insurance when you are young or just starting your career. #2 Gender Gender is another fact

Finance

5 features of a current account that can suit your startup

William Gillard

July 21, 2022

Every business, well-established or startup, needs a Current Account to handle daily transactions. If you have launched a startup business, then it becomes imperative for you to acknowledge and understand the value of managing a Current Account right from the start. If you are an individual who has recently launched a startup, then you might not know what is meant by a Current Account. So, a Current Account is nothing but a Deposit Account that you set up with your bank. This account is meant for businesses and individuals who need a considerably higher amount of transactions daily. But one of the most important features of a Current Account is that it is associated with liquid deposits. Current Accounts offer a ton of personalised selections to help you conduct your transactions and