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Tier 2 and 3 Indian Cities: New Growth Engine for Motor Insurance • Over 90% of motor insurance policies and premiums during festive season came from tier 2 and 3 cities • Key factors driving growth:  - Increasing vehicle ownership  - Greater insurance awareness • Turtle mint (Insurtech platform) insights:  - 4 lakh+ motor insurance policies issued  - 2x increase in sales compared to last year  - 2.3x increase in total premium (Aug-Oct) • City-wise premium growth:  - Jaipur: 191%  - Indore: 31%  - Lucknow: 15% • Overall industry trends:  - Two-wheeler industry: 11-14% growth forecast for FY25  - October 2024: 14.2% increase in two-wheeler sales (21.64 lakh units)  - Passenger vehicle sales hit record 3.93 lakh units in October • Factors contributing to growth:  - Steady replacement demand  - Improved rural demand due to healthy monsoon  - Festival season discounts and offers Source: https://lnkd.in/efTM8DTm #MotorInsurance #InsurTech #IndianMarket #TierIICities #Insurance #VehicleInsurance #InsuranceIndia #InsuranceNews #NewsDaily #BasketOptionInsure

# Bancassurance # sales

Federal Bank has launched the Esteem Savings Account, a special savings account for individuals aged 55 and above. This account provides financial security, financial freedom, and higher returns for senior citizens. It includes free insurance, travel convenience, family benefits, low-cost banking, and discounts on health services, utilities, elder care, locker rental, and annual maintenance charges. Eligible customers can apply immediately, and the account offers services like complimentary annual health check-ups and cash facilities at hospitals. Account holders can also open zero balance accounts for their spouse and grandchildren for financial growth. The account focuses on health, financial well-being, and convenience, with potential future changes in other banks offering similar benefits. #seniorcitizens #old #bankaccount #bank #savingsaccount #invest #investment #investing #money #secureyourfuture #india #rajasthan #madhyapradesh #maharashtra #uttarpradesh #gujarat #karnataka #andhrapradesh #odisha #chattisgarh #tamilnadu #telangana #bihar #westbengal #arunachalpradesh #jharkhand #assam #himachalpradesh #uttarakhand #punjab #haryana #jammuandkashmir #kerala #meghalaya #manipur #mizoram #nagaland #sikkim #goa

Rajasthan property market’s record streak continues with the best August ever Jaipur, the state’s largest and most expensive property market, continued its upward trajectory and record-setting spree by recording its best-ever August performance led by robust sales as well as stamp duty collection despite higher mortgage rates and a steady rise in property prices. August stood out, recording the highest growth in revenues compared to the rest of the year. The strong economic outlook and stable interest rates have kept homebuyer sentiments positive, fueling steady sales Visit- http://rtechgroup.co.in . . . #rtechgroup #commercial #developer #realestate #goodnews #buyer #rental #property #propertyinvestment #investors #demand #officespace #shops #lease #leasing #leaseproperty #jaipur #jaipurrdiaries #jaipurcity #jaipurjobs #jaipurhiring #rajasthan #RealEstate #IndiaTransformation #economicgrowth

5 Items That You Should Leave Behind When Moving With Packers And Movers In Ahmedabad #packersandmoversahmedabad #homeshifting #HouseShifting #localpackersandmovers #gota #Narol #bopalahmedabad Are you relocating soon but not sure how to downsize your move? We list along with the cons of carrying prohibited items with packers and movers in Ahmedabad visit https://bit.ly/3UkzTFm

Jaipur Property Gets Costlier As DLC Rates Increase By 10 Per Cent The Rajasthan government has increased District Level Committee (DLC) rates by 10% for both residential and commercial properties in Jaipur, effective April 1, 2024. This hike will also raise registration and stamp duty charges. The DLC rates, determining the minimum property value for registration, vary by location, with C-Scheme and MI Road being the highest. The rise is attributed to budgetary needs and Jaipur's significant contribution to state revenue from stamp duty. Visit- http://rtechgroup.co.in #rtechgroup #commercial #developer #realestate #goodnews #buyer #rental #property #propertyinvestment #investors #demand #officespace #shops #lease #leasing #leaseproperty #jaipur #jaipurrdiaries #jaipurcity #jaipurjobs #jaipurhiring #rajasthan #RealEstate #IndiaTransformation #economicgrowth

MahaRERA announced on October 21 that the conciliation forums, established in 2018 to resolve disputes between homebuyers and real estate developers, have successfully settled 1,749 complaints across Maharashtra. These forums aim to amicably resolve conflicts through the involvement of consumers or promoters' associations, with a 32.36% success rate in providing timely justice. The initiative's popularity has led to the establishment of similar forums in other states such as Gujarat, Uttar Pradesh, Haryana, Bihar, Madhya Pradesh, Rajasthan, and Telangana. Currently, 533 grievances are being heard across 52 forums in Maharashtra. Initially operating only in Mumbai and Pune, the forums have expanded statewide due to their success. The Mumbai forum has resolved 562 complaints, while Pune has addressed 530 cases. Other regions include Thane (201 complaints resolved), Navi Mumbai (169), Palghar (105), Kalyan (73), Vasai (71), Nagpur (13), Mira Road (9), Raigad (8), and Nashik (8). The conciliation process, under Section 32 (g) of the Real Estate (Regulation and Development) Act, 2016, is seen as an effective mechanism for settling disputes with a reported success rate between 35% and 50%. #saudaghar #saudagharscoop #realestate #realestatenews #pune #punekars #punenews #punenews #saudagharnews #maharera #homebuyer #realestate #gujurat #uttarpradesh #haryana #bihar #madhyapradesh #rajasthan #telengana #mumbai #miraroad #raigad

Jaipur Property Gets Costlier As DLC Rates Increase By 10 Per Cent The Rajasthan government has increased District Level Committee (DLC) rates by 10% for both residential and commercial properties in Jaipur, effective April 1, 2024. This hike will also raise registration and stamp duty charges. The DLC rates, determining the minimum property value for registration, vary by location, with C-Scheme and MI Road being the highest. The rise is attributed to budgetary needs and Jaipur's significant contribution to state revenue from stamp duty. Visit- http://rtechgroup.co.in #rtechgroup #commercial #developer #realestate #goodnews #buyer #rental #property #propertyinvestment #investors #demand #officespace #shops #lease #leasing #leaseproperty #jaipur #jaipurrdiaries #jaipurcity #jaipurjobs #jaipurhiring #rajasthan #RealEstate #IndiaTransformation #economicgrowth

Why choose Prime Loans & Realty Nashik? Because we don’t just offer loans – we provide personalized financial guidance and expert real estate solutions that set you up for success. 🏡💼 Trust, transparency, and local expertise make us stand out. #PrimeLoansNashik #TrustedPartner #RealEstateSolutions #HomeLoanExperts #NashikRealEstate #Primeloansandrealtynashik