Introduction The financial sector in recent years has witnessed a transformative revolution in emerging technologies. What has come out in this technological revolution is the new way of lending through blockchain. With its decentralized and transparent nature, blockchain transforms the future of lending by cutting down on intermediaries and adding to efficiency levels while opening […]
Introduction Non-Resident Indians (NRIs) often face unique financial challenges when seeking loans in their home country, India. This is due to their overseas residency status, which can make it harder to meet traditional loan requirements. However, Indian financial institutions have realized this and introduced various loan products specifically designed for NRIs, enabling them to access
Introduction India is witnessing a rapid increase in the aging population. The financial needs of older people are no longer limited to retirement. A majority of elderly individuals require money post-retirement for living, healthcare, or for unforeseen expenses. However, older generations are considered to have a fixed income or savings. They are not always available
Introduction Women in India have been marginalized in economic participation, especially in entrepreneurship. Social and cultural norms have often restricted women’s access to resources. However, the tide is slowly turning. Today, more and more women in India are taking bold steps toward entrepreneurship. To bridge the gap, Indian women have always been supported and empowered
Introduction One freedom that freelancers enjoy is the ability to be self-employed. While freedom indeed has its prices and one of the highest costs may be paid when it comes to loan acquisition. Because freelancers are not tied to any employer, they do not have a predictable salary that traditional financial institutions can rely on
Introduction The whole insurance industry, known for traditional paper-based processes, manual assessments, and human-driven decision-making, is finally undergoing a complete transformation because of technological advancement. As AI and Blockchain technology stands at the helm, the future of insurance seems to be more efficient, customer-centric, and transparent. Both of the technologies are not just remodeling how
Introduction Gadgets and electronics have become integral parts of daily life in the fast-paced digital world. A smartphone, laptop, tablet, or any other gadget is crucial for personal, educational, or professional purposes. The high value of these items, however, makes them more susceptible to accidental damage, theft, or malfunctions. This makes insuring them a wise
Introduction As people age, they often face an increase in healthcare needs, making it essential to have reliable insurance coverage. Senior citizens, in particular, are more vulnerable to health issues and medical conditions that require frequent care. To ensure that their medical costs are properly covered, insurance companies offer Senior Citizen Insurance Plans, which are
Introduction Living with a chronic illness is overwhelming because the experience often consists of long-term medical care, regular doctor visits, medications, therapies, and hospital stays. Long-term healthcare associated with chronic conditions can be severely financially stressful to patients, as they are frequently forced to compromise between their health and financial security. Fortunately, there are numerous
Introduction Recently, the importance of insurance in India has taken center stage. In this direction, women’s health and their financial needs form a major agenda. Traditionally, insurance products were designed through a general approach. However, as awareness about such products gains more momentum, there is a marked development of specialized plans for women from the