Icare Insurance

A huge fire broke out at Thane’s Orion Business Park recently on April 19, 2023, that left everybody in a huge shock. Once the fire broke out at 8 pm, it consequently damaged almost 90% of the entire commercial building and destroyed 21 office units, 3 four-wheelers, and 23 two-wheelers. With the assistance of a multi-agency operation involving 90 firefighters, it took 10 hours to put out the enormous fire. The incident is unforgettable for me because I was in a very close arena when I saw the fire. I can still remember the huge sparks of fire flying high in the sky and blasting sounds at certain time intervals, as I could witness the same while I was taking a walk in the late evening. The entire neighborhood was scared to witness such a scene of huge fire flashes followed by the continuous sirens of firefighting vehicles and ambulances. The fire kept on flashing for hours and hours, and the entire area was covered in smoke. In addition, the traffic jam caused by the ongoing metro line...

It is the time of the year when you will also have a salary increment and annual bonus. You must have already planned where to utilize the bonus. Wait and read and ponder on below following financial planning steps as well. These steps will help you to prioritize where you can use the bonus most effectively. We all have gone through the pandemic and you must have noticed various news of layoffs at corporates. Keeping that in mind we want you to think and plan your finances.  Create an Emergency Fund:  The financial planning suggests having at least 6-12 months of expenses as an emergency fund. So utilize your salary increment and bonus this year to create the emergency fund. This is why experts recommend that everyone should maintain an emergency fund that can be easily accessed at short notice. If you wonder what is the ideal amount to be kept, the thumb rule is to save enough to cover 3-6 months of expenses which should also include loan EMIs, insurance premiums, and other m...