Using Internet to Make Extra Money in Extra Time

Using Internet to Make Extra Money in Extra Time
Ventures of Money making	Examples of Helpful websites
Advertising Online (Blogs/Youtube/Website)	www.google.com/adsense
Tutoring Online	www.2tion.net	www.tutorvista.com
Publish Books and Sell Online	www.amazon.com
Shop Online	www.ebay.in	www.flipcart.com
Have Online Shop	www.ebay.in	www.indiabazaar.com
Sell Apps Online	www.appsbar.com	www.andrmo.com
Sell Photos Online	www.shutterpoint.com	www.shutterstock.com
Sell Old/New (not available easily)	www.quicker.com	www.ebay.com
Work Online (Others)	www.odesk.com	www.elance.com

Types of Insurance

What we mean by Insurance

Insurance is defined as the equitable transfer of the risk of a loss, from one entity to another, in exchange for a amount called premium, and can be thought of as a guaranteed small loss to prevent a large, possibly devastating loss. An insurer is a company selling the insurance; an insured is the person or entity buying the insurance. The insurance rate is a factor used to determine the amount to be charged as premium. It involves risk management i.e., the practice of appraising and controlling risk.

Types of Insurance

Any risk that can be quantified can potentially be insured.  Specific kinds of risk that may give rise to claims are known as "perils".  An insurance policy will set out in detail which perils are covered by the policy and which are not.  Below are (non-exhaustive) lists of the many different types of insurance that exist.  A single policy may cover risks in one or more of the categories set out below. For example, auto insurance would typically cover both property risk (covering the risk of theft or damage to the car) and liability risk (covering legal claims from causing an accident). A homeowner's insurance policy typically includes property insurance covering damage to the home and the owner's belongings, liability insurance covering certain legal claims against the owner, and even a small amount of coverage for medical expenses of guests who are injured on the owner's property. Business insurance can be any kind of insurance that protects businesses against risks. Some principal subtypes of business insurance are (a) the various kinds of professional liability insurance, also called professional indemnity insurance, which are discussed below under that name; and (b) the business owner's policy (BOP), which bundles into one policy many of the kinds of coverage that a business owner needs, in a way analogous to how homeowners insurance bundles the coverages that a homeowner need.

In India, the various insurances’ coverage available could be broadly covered under two heads, namely

Life Insurance and

General Insurance (or non-life insurance).

General insurance or non-life insurance policies, including automobile and homeowners policies, provide payments depending on the loss from a particular financial event. General insurance typically comprises any insurance that is not determined to be life insurance.

Life Insurance

Life insurance provides a monetary benefit to a decedent's family or other designated beneficiary, and may specifically provide for income to an insured person's family.  Life insurance policies often allow the option of having the proceeds paid to the beneficiary either in a lump sum cash payment or an annuity.

Annuities provide a stream of payments and are generally classified as insurance because they are issued by insurance companies and regulated as insurance and require the same kinds of actuarial and investment management expertise that life insurance requires. Annuities and pensions that pay a benefit for life are sometimes regarded as insurance against the possibility that a retiree will outlive his or her financial resources. In that sense, they are the complement of life insurance and, from an underwriting perspective, are the mirror image of life insurance.

Certain life insurance contracts accumulate cash values, which may be taken by the insured if the policy is surrendered or which may be borrowed against. Some policies, such as annuities and endowment policies, are financial instruments to accumulate or liquidate wealth when it is needed.

In many countries, such as the U.S. and the UK, the tax law provides that the interest on this cash value is not taxable under certain circumstances. In India, the maturity values are tax free.  The premium paid in a year gets tax benefits up to a certain limit.  This leads to widespread use of life insurance as a tax-efficient method of saving as well as protection in the event of early death.

Auto insurance

Auto insurance protects you against financial loss if you have an accident. It is a contract between you and the insurance company. You agree to pay the premium and the insurance company agrees to pay your losses as defined in your policy. Auto insurance provides property, liability and medical coverage:

1. Property coverage pays for damage to or theft of your car.
2. Liability coverage pays for your legal responsibility to others for bodily injury or property damage.
3. Medical coverage pays for the cost of treating injuries, rehabilitation and sometimes lost wages and funeral expenses.

An auto insurance policy is comprised of six different kinds of coverage. Most countries require you to buy some, but not all, of these coverages. If you're financing a car, your lender may also have requirements. Most auto policies are for six months to a year.

Your insurance company should notify you by mail when it’s time to renew the policy and to pay your premium.

Home insurance

Home insurance provides compensation for damage or destruction of a home from disasters. In some geographical areas, the standard insurances exclude certain types of disasters, such as flood and earthquakes that require additional coverage. Maintenance-related problems are the homeowners' responsibility. The policy may include inventory, or this can be bought as a separate policy, especially for people who rent housing. In some countries, insurers offer a package which may include liability and legal responsibility for injuries and property damage caused by members of the household, including pets.

Health Insurance

Health insurance policies by the National Health Service in the United Kingdom (NHS) or other publicly-funded health programs will cover the cost of medical treatments. Dental insurance, like medical insurance, is coverage for individuals to protect them against dental costs. In the U.S., dental insurance is often part of an employer's benefits package, along with health insurance.

Disability Insurance

• Disability insurance policies provide financial support in the event the policyholder is unable to work because of disabling illness or injury. It provides monthly support to help pay such obligations as mortgages and credit cards.
• Disability overhead insurance allows business owners to cover the overhead expenses of their business while they are unable to work.
• Total permanent disability insurance provides benefits when a person is permanently disabled and can no longer work in their profession, often taken as an adjunct to life insurance.
• Workers' compensation insurance replaces all or part of a worker's wages lost and accompanying medical expenses incurred because of a job-related injury.

Casualty Insurance

Casualty insurance insures against accidents, not necessarily tied to any specific property.

• Crime insurance is a form of casualty insurance that covers the policyholder against losses arising from the criminal acts of third parties. For example, a company can obtain crime insurance to cover losses arising from theft or embezzlement.
• Political risk insurance is a form of casualty insurance that can be taken out by businesses with operations in countries in which there is a risk that revolution or other political conditions will result in a loss.

Property Insurance

Property insurance provides protection against risks to property, such as fire, theft or weather damage. This includes specialized forms of insurance such as fire insurance, flood insurance, earthquake insurance, home insurance, inland marine insurance or boiler insurance.

• Automobile insurance (Auto or Motor Insurance) is probably the most common form of insurance and may cover both legal liability claims against the driver and loss of or damage to the insured's vehicle itself. In some jurisdictions, bodily injury compensation for automobile accident victims has been changed to a no-fault system, which reduces or eliminates the ability to sue for compensation but provides automatic eligibility for benefits. Credit card companies insure against damage on rented cars.
• Driving School Insurance provides cover for any authorized driver whilst undergoing tuition, cover also unlike other motor policies provides cover for instructor liability where both the pupil and driving instructor are equally liable in the event of a claim.
• Aviation insurance insures against hull, spares, deductibles, hull wear and liability risks.
• Boiler insurance (also known as boiler and machinery insurance or equipment breakdown insurance) insures against accidental physical damage to equipment or machinery.
• Builder's risk insurance insures against the risk of physical loss or damage to property during construction. Builder's risk insurance is typically written on an "all risk" basis covering damage due to any cause (including the negligence of the insured) not otherwise expressly excluded.
• Crop insurance "Farmers use crop insurance to reduce or manage various risks associated with growing crops. Such risks include crop loss or damage caused by weather, hail, drought, frost damage, insects, or disease, for instance."^[12]
• Earthquake insurance is a form of property insurance that pays the policyholder in the event of an earthquake that causes damage to the property. Most ordinary homeowners insurance policies do not cover earthquake damage. Most earthquake insurance policies feature a high deductible. Rates depend on location and the probability of an earthquake, as well as the construction of the home.
• A fidelity bond is a form of casualty insurance that covers policyholders for losses that they incur as a result of fraudulent acts by specified individuals. It usually insures a business for losses caused by the dishonest acts of its employees.
• Flood insurance protects against property loss due to flooding. Many insurers in the U.S. do not provide flood insurance in some portions of the country. In response to this, the federal government created the National Flood Insurance Program which serves as the insurer of last resort.
• Home insurance or homeowners' insurance: See "Property insurance".
• Landlord insurance is specifically designed for people who own properties which they rent out. Most house insurance cover in the U.K will not be valid if the property is rented out therefore landlords must take out this specialist form of home insurance.
• Marine insurance and marine cargo insurance cover the loss or damage of ships at sea or on inland waterways, and of the cargo that may be on them. When the owner of the cargo and the carrier are separate corporations, marine cargo insurance typically compensates the owner of cargo for losses sustained from fire, shipwreck, etc., but excludes losses that can be recovered from the carrier or the carrier's insurance. Many marine insurance underwriters will include "time element" coverage in such policies, which extends the indemnity to cover loss of profit and other business expenses attributable to the delay caused by a covered loss.
• Surety bond insurance is a three party insurance guaranteeing the performance of the principal.
• Terrorism insurance provides protection against any loss or damage caused by terrorist activities.
• Volcano insurance is an insurance that covers volcano damage in Hawaii.
• Windstorm insurance is an insurance covering the damage that can be caused by hurricanes and tropical cyclones.

Liability Insurance

Liability insurance is a very broad superset that covers legal claims against the insured. Many types of insurance include an aspect of liability coverage. For example, a homeowner's insurance policy will normally include liability coverage which protects the insured in the event of a claim brought by someone who slips and falls on the property; automobile insurance also includes an aspect of liability insurance that indemnifies against the harm that a crashing car can cause to others' lives, health, or property. The protection offered by a liability insurance policy is twofold: a legal defense in the event of a lawsuit commenced against the policyholder and indemnification (payment on behalf of the insured) with respect to a settlement or court verdict. Liability policies typically cover only the negligence of the insured, and will not apply to results of wilful or intentional acts by the insured.

• Directors and officers liability insurance protects an organization (usually a corporation) from costs associated with litigation resulting from mistakes made by directors and officers for which they are liable. In the industry, it is usually called "D&O" for short.
• Environmental liability insurance protects the insured from bodily injury, property damage and cleanup costs as a result of the dispersal, release or escape of pollutants.
• Errors and omissions insurance: See "Professional liability insurance" under "Liability insurance".
• Prize indemnity insurance protects the insured from giving away a large prize at a specific event. Examples would include offering prizes to contestants who can make a half-court shot at a basketball game, or a hole-in-one at a golf tournament.
• Professional liability insurance, also called professional indemnity insurance, protects insured professionals such as architectural corporation and medical practice against potential negligence claims made by their patients/clients. Professional liability insurance may take on different names depending on the profession. For example, professional liability insurance in reference to the medical profession may be called malpractice insurance. Notaries public may take out errors and omissions insurance (E&O). Other potential E&O policyholders include, for example, real estate brokers, Insurance agents, home inspectors, appraisers, and website developers.

Credit Insurance

Credit insurance repays some or all of a loan when certain things happen to the borrower such as unemployment, disability, or death.

• Mortgage insurance insures the lender against default by the borrower. Mortgage insurance is a form of credit insurance, although the name credit insurance more often is used to refer to policies that cover other kinds of debt.

Other types of Insurance (Most of them are not provided by Indian Insurance Companies on routine or regular way)

• Collateral protection insurance or CPI, insures property (primarily vehicles) held as collateral for loans made by lending institutions.
• Defense Base Act Workers' compensation or DBA Insurance provides coverage for civilian workers hired by the government to perform contracts outside the U.S. and Canada. DBA is required for all U.S. citizens, U.S. residents, U.S. Green Card holders, and all employees or subcontractors hired on overseas government contracts. Depending on the country, Foreign Nationals must also be covered under DBA. This coverage typically includes expenses related to medical treatment and loss of wages, as well as disability and death benefits.
• Expatriate insurance provides individuals and organizations operating outside of their home country with protection for automobiles, property, health, liability and business pursuits.
• Financial loss insurance protects individuals and companies against various financial risks. For example, a business might purchase coverage to protect it from loss of sales if a fire in a factory prevented it from carrying out its business for a time. Insurance might also cover the failure of a creditor to pay money it owes to the insured. This type of insurance is frequently referred to as "business interruption insurance." Fidelity bonds and surety bonds are included in this category, although these products provide a benefit to a third party (the "obligee") in the event the insured party (usually referred to as the "obligor") fails to perform its obligations under a contract with the obligee.
• Kidnap and ransom insurance protects individuals  against various financial and physical (both life and accidental health issues) risks involved.
• Locked funds insurance is a little-known hybrid insurance policy jointly issued by governments and banks. It is used to protect public funds from tamper by unauthorized parties. In special cases, a government may authorize its use in protecting semi-private funds which are liable to tamper. The terms of this type of insurance are usually very strict. Therefore it is used only in extreme cases where maximum security of funds is required.
• Nuclear incident insurance covers damages resulting from an incident involving radioactive materials and is generally arranged at the national level.
• Pet insurance insures pets against accidents and illnesses - some companies cover routine/wellness care and burial, as well.
• Pollution Insurance, which consists of first-party coverage for contamination of insured property either by external or on-site sources. Coverage for liability to third parties arising from contamination of air, water, or land due to the sudden and accidental release of hazardous materials from the insured site. The policy usually covers the costs of cleanup and may include coverage for releases from underground storage tanks. Intentional acts are specifically excluded.
• Purchase insurance is aimed at providing protection on the products people purchase. Purchase insurance can cover individual purchase protection, warranties, guarantees, care plans and even mobile phone insurance. Such insurance is normally very limited in the scope of problems that are covered by the policy.
• Title insurance provides a guarantee that title to real property is vested in the purchaser and/or mortgagee, free and clear of liens or encumbrances. It is usually issued in conjunction with a search of the public records performed at the time of a real estate transaction.
• Travel insurance is an insurance cover taken by those who travel either within country or abroad and covers certain losses such as medical expenses, loss of personal belongings, travel delay, personal liabilities, etc.

Mortgage insurance is an insurance policy which compensates lenders or investors for losses due to the default of a mortgage loan.  Mortgage insurance can be either public or private depending upon the insurer. The policy is also known as a mortgage indemnity guarantee (MIG). Mortgage life insurance guarantees repayment of a mortgage loan in the event of death or, possibly, disability of the borrower.

Accidental death and dismemberment insurance (AD&D) is a form of insurance covering death or specific types of injury as a result of an accident. In the event of accidental death, this insurance will pay benefits in addition to any life insurance held. Death by illness, suicide, or natural causes is generally not covered by AD&D.  Additionally, AD&D generally pays benefits for the loss of limbs, fingers, sight and permanent paralysis. The types of injuries covered and the amount paid vary by insurer and package, and are explicitly enumerated in the insurance policy.

Assumption reinsurance is a form of reinsurance whereby the reinsurer is substituted for the ceding insurer and becomes directly liable for policy claims. This ordinarily requires a notice and release from affected policyholders. In the more typical reinsurance arrangement, the reinsurer has an obligation to indemnify the ceding insurer, which remains liable for claims on policies it has issued, and policyholders' approval is not required.

Most Ridiculous Sex Myths

False belief based on experience of others or information read about sex is available at many places like, the daily papers or pamphlets in the streets etc. If you had the same false beliefs or doubts and had plans of clarifying  them out, here below are a few points to dispel all doubts or myths.

1. Men think more about sex than women: Don't blame the men. Women think about sex as much as a man does. Women may be controlling more in expressing the same.  If you're eighteen, then there are chances you might be sleeping, eating and dreaming sex. After a certain age, men and women's sexual urges mellows a bit. And it's a complete no-no to weigh out sexual prowess. This also doesn't mean that only men make the first move for sex. Women do as well.  And nothing can be more turning on for the man than a woman in control.

2. Women don't like porn:  Rubbish.  Women enjoy pornography too. Quantum may be different.  Not all women want rose petals on their bed. And not all women want to be whisked away into a gentle world of "love-making". And if anyone thought only men can conjure up fantasies, then you are definitely misread and misguided.

3.  Size of organ matters: It a not a law that what's bigger has to be better, small could be strong and beautiful.  The intensity of woman’s pleasure does not depend on the size of man’s organ. Only about 4 centimeters (external one third) of the vaginal canal contains sensory nerves for arousal and orgasms. So why waste time trying to stimulate the internal two thirds of the vaginal canal when there's not going to be any response? Women should focus the attention to more important matters i.e. more on how to have sex.

4.  If she doesn't make pleasure noises, then she's not enjoying the sex:  Some women are vocal, some are not. This doesn't mean she's not enjoying it. Don't expect her to scream out all the time. We know it's an ego boost for you, boys. But it just doesn't work that way. Sometimes, silence is very good.

5. An orgasm for women is supposed to be earth shattering and if not so, you're not normal:  It is a big 100% myth. Some women have orgasms and don't know about it. Pelvic muscles don't contract as much for some women. However, after a point of arousal they do feel relaxed and content. So if he failed to "rock" your world, then don't panic. You're still very normal.

6. Every woman has a G-spot:  Yes, it's true every woman has a G-spot, but not every woman's G spot is an erogenous zone. So if you've been on a quest to find out the sweet spot, then you're wasting your time. Focus on the other erogenous zones. She'd be so much happier.

7. The withdrawal traditional method won't get you knocked up (make woman pregnant):  All it takes is a tiny sperm to get woman pregnant. And that can happen through pre-ejaculation also. Most pregnancies happen because of the withdrawal method. This isn't a fool proof plan, so be cautious and use preferably modern methods – as these are better options. 

8.  You won't get pregnant if you have sex while menstruating:  This is a long standing myth that most people believe in. It is more probable that a woman will not get pregnant while menstruating but not impossible. Sperms can stay alive inside you for several days, especially if you have a shorter cycle. 

9.  Love foods will get you more happy:  Many believe that oysters and strawberries spice up one’s sex life.  Sorry to break your belief women, it's nothing but a placebo effect. As in, if people believe oysters and chocolate are supposed to be sexually stimulating foods, they very well might become aroused after consuming them. 

Ways to Save More Money through Public Provident Fund Account

As far as possible we should save more money than what we normally do. Here is a way to save and make more money. We should save money not for sake of it. We should save so that we can afford better and planned future. After retirement, we can then afford to maintain the same standard of living. Then you won’t have to rely on either on others or some financial moneylender or a banker in order to finance the normal expenditures. Some after retirement even go for reverse mortgage of their house in which they are living. You can do some more enjoyment and visit many new places of interest and can afford to do more fun than the usual. Not because you want to hoard all your cash, but because you want to use it for good in future. Think about your own retirement. Enjoy watching your savings grow knowing that you won’t have to depend on someone else for your future.

Suppose that there is an individual who has started his career and his income is such that he needs to save the maximum permissible (say one hundred thousand rupees annually) in order to save income tax. One of the avenues for this is to deposit in Public Provident Fund (PPF). In case of PPF, the present rate of interest is 8.6% (this interest is tax free in the hands of the individual) and maximum amount one can deposit in this account is one hundred thousand rupees annually. One benefit is that the depositor will be saving tax not only on the present income, but also on its proceeds in all the subsequent 15 years, which is also extendable for any period in a block of 5 years on each time. The account holder can retain the account after maturity for any period without making any further deposits. The balance in the account will continue to earn interest at normal rate as admissible on PPF account till the account is closed.

If the person deposits the entire saving amount in the beginning of the financial year (say by 5th of April) and continues to do the same every year till say for thirty-five years, then he will getting tax-free the amount of Rs 2,14,03,229. Supposing that the individual starts this process at the age twenty-five, he becomes a multi Crorepati at age sixty years – which is the retirement age for the Government Servants and many private corporate employees. This amount is realistic, if the interest rate remains 8.6% throughout. This may be noted that one is only depositing Rs. 3.5 million in equal parts annually and is getting more than 21.4 millions after thirty-five years. Thus, by adopting strict discipline in managing the finance, one can be in the upper strata even after retirement.