Categories
Finance

Importance of a Health Insurance Policy Amid the Monsoon Season

Monsoon is one of the seasons that is celebrated throughout the country. With relief from intense summer heat, it not only brings down the mercury levels, but also opens itself to a host of monsoon specific activities. While these are some positives about the rains, it also raises some monsoon-specific health concerns. To enjoy this season completely, it is important for you to have a health insurance cover. It helps to safeguard against financial worries of rain-related diseases and other health concerns. With online health insurance purchase, comparison also becomes easier among the myriad range of policies. This article elucidates why you should buy a health cover specially for the monsoon. Let’s have a look –

Monsoon is notorious to facilitate the conditions for growth and spread of various organisms that cause monsoon-specific diseases. Rainfall with water accumulation in various places acts as the breeding ground for many vectors that cause the spread of infections and diseases. In addition, the constant swing between hot and humid temperatures against the cold temperatures makes you prone to common flu-like ailments. With a monsoon specific health insurance plans these ailments can be kept at bay.

What are some of the features of a monsoon specific health insurance policy?

A monsoon medical health cover helps you manage the cost of various ailments that mainly occur during the rains. Some examples of these ailments are dengue, malaria, chikungunya, Japanese encephalitis, cholera, typhoid, viral fever, diarrhoea, common cold and flu, leptospirosis, stomach infections and more. With health insurance plans for family and yourself, you can ensure treatment of these specific diseases is covered. The coverage under this policy includes hospitalisation cover as well. Moreover, any diagnostics required, outpatient doctor visits, follow ups are also a part of its scope. Some plans also provide reimbursement for the cost of ambulance services availed. For cases of critical hospitalisation, these policies can be topped up to include ICU coverage as well.

What is it that you should look for when buying insurance coverage for monsoon?

Different types of health insurance policies are available. You can opt for a standard coverage under an Arogya Sanjeevani policy or choose a disease specific plan. Here’s what you need to keep in mind

#1 Select a policy with higher sum assured

Since the costs of medical treatment are soaring high, a policy with higher sum insured can come handy. You need to consider more than one factor like age of beneficiaries, lifestyle, food habits, pre-existing conditions and more when shortlisting one. Based on the beneficiaries of the policy, you must opt for the sum assured. Say, an individual policy with ₹5 lakh coverage is sufficient whereas the same amount is shared among multiple recipients under a family floater cover.

#2 Get the right coverage

To insure yourself against the risks of monsoon-related ailments, you need to opt for the right coverage. Based on your budget, existing health conditions, this evaluation needs to be done.

#3 Reliable insurance company

Lastly, you need to look for a reliable insurance company. This will help in smoother claim settlements without any hassles.

Now that you know the importance of health insurance policies for the rains, these pointers can help to get a suitable coverage based on your requirements. Insurance is the subject matter of solicitation. For more details on benefits, exclusions, limitations, terms and conditions, please read sales brochure/policy wording carefully before concluding a sale.

Categories
Technology

How to Get the Latest Smartphones on EMI?

With Work from Home being the norm these days, the need for electronic devices such as smartphones and laptops have skyrocketed. And such is the pace of tech advancement, that smart-phone makers are offering new features and devices almost everyday. However, you do not need to spend a large sum for your favourite device at once. Availing an EMI card from Bajaj Finserv can make your purchase seem effortless. You can not only decide the repayment tenure but also avoid any additional cost during such a purchase if you go for a no cost EMI.

Why buy a mobile on No cost EMI?

Similar to other forms of credit, EMI also requires interest to be paid on outstanding dues. However, You can get a mobile on emi without credit card using Bajaj Finserv EMI Network Card, you need not pay any extra change. Therefore, you just pay the actual cost assigned to the product you purchased using no cost EMI.

Advantages of Buying Mobile Online on EMI

You can buy the smartphone of your choosing without paying any down payment. You get access to high-limit pre-approved loans with options to repay it as and when you can at no extra cost. The repayment tenure option ranges from 3 to 24 months. Besides, you also get to pre-close your EMI after the first one has been paid, without attracting any foreclosure charges.

Latest Mobile at Bajaj EMI Card Partner Stores

Bajaj Finserv has partnered with several smartphone providers in the country which means you can buy/avail Samsung, Oppo, Vivo, Realme, Redmi, Oneplus EMI option with Bajaj Finserv EMI Network Card. These purchases can be made via no cost EMI. Below is a list of some of the latest products from these brands.

OnePlus Mobile Phones

Product Price

OnePlus 8 Pro         INR 54,999

OnePlus 8T 5G         INR 42,999

OnePlus 8                 INR 41,999

OnePlus Nord          INR 24,999

Samsung Mobile Phones

Product Price

Samsung Galaxy Z Fold2 5G (256GB)                INR 1,49,999

Samsung Galaxy S21 Ultra 5G                            INR 1,05,999

Samsung Galaxy Note20 (256GB)                      INR 77,999

Samsung Galaxy S21 5G                                     INR 69,999

Realme

RealMe Mobile Phones

Product Price                          

realme X2 Pro (6 + 64GB Storage)                    INR 29,999

realme XT (4 + 64GB Storage)                           INR 16,999

realme narzo 20 Pro (6GB + 64GB Storage)     INR 14,999

realme narzo 20 (4GB + 128GB Storage)          INR 11,499

Conclusion

 

 

 

 

Categories
Finance

CIBIL Score: Why is it Important for Credit-conscious Millennials?

Today, the biggest segment of borrowers constitutes millennials. There’s a paradigm shift from the ‘save now’ attitude of baby boomers and Gen X categories to the ‘own first, pay afterward’ mindset of Gen Y and Gen Z. When you add digitalisation to the equation, you get further encouragement for credit demand. With so many apps and online portals that make loans available, the choice is abundant whether you want a pint-size loan or a barrel full of funds. Besides this, the shopping trend is ever-permanent, and millennials see power in the form of credit cards and tools that give them free reign over e-commerce platforms. Here’s where a CIBIL score comes into the picture.

Explaining CIBIL Score

For all practical purposes, a CIBIL score is any number in the range of 300 to 900, giving you (and lenders) information about your creditworthiness. CIBIL is a credit bureau, formed in India, under TransUnion CIBIL, a recognised credit tabulation global agency. What CIBIL does is keeps a watch on all your financial data, past and present. It tracks any past/present loans, mortgages, credit card bills, defaults on payments, repayment schedules, etc. Reviewing your credit balance helps CIBIL to calculate a score that indicates current financial standing. Apart from a number, CIBIL also generates a report. Within the CIBIL score range of 300 – 900, a good score is any value above 750. Anything above 700 is considered acceptable.

Why CIBIL Score Matters

Research conducted byTransUnion CIBIL, in 2018, showed a growing level of credit-consciousness within the population of Indian millennials. These Indians were precise in self-monitoring practices, keeping an eye on what they spent on, how much they spent, and how it affected their CIBIL scores. Notably, this self-evaluation grew by 58% during the span 2016 – 2018. Furthermore, the report claimed that millennials were among the most conscious consumer categories regarding their credit. These individuals regularly tracked their CIBIL score ratings and were careful enough to maintain scores at an average of 740. More conclusive data from the report suggested that millennials checked on their CIBIL report at least six times per year. A large number of these millennials, 64%, were in the habit of applying for credit within three months of their score checks.

Continuing Trend

Analysts state that this trend will continue among millennials as they want to be future-ready to gain loan approvals for big-ticket items like cars and homes. A satisfactory to high CIBIL score can be advantageous in such circumstances. Moreover, millennials have realized the importance of developing a quality credit stamp, with the maintenance of scores in the CIBIL score range from 700 – 900, as they are not only  assured of loan approvals in the future, but attractive interest rates offered on those loans. This compels them to pay cognizance to their CIBIL report, immediately rectifying scores if they fall below standards.

Always on Point

Millennials seem to be on top of their game as they constantly want to improve their CIBIL scores. The TransUnion study also showed this, and 51% of millennials who had low scores made successful attempts at improving scores by an increase of 65 points or more. Learn more about CIBIL scores and how to maintain and improve these at Finserv MARKETS.

Categories
Finance

How to Claim Vehicle Insurance for Damages Caused Due to Cyclones?

Natural calamities have a catastrophic effect damaging the not only life, but also property worth billions. This damage cannot be estimated, and it is better to stay prepared for it. For accidents there is health insurance, for your homes there is home insurance cover and accordingly for vehicles, there is vehicle insurance. When you have an insurance cover, you need not worry about the expensive repairs that are required for your car or bike followed by a natural disaster.

In the recent past, two cyclones had a devastating impact, Tauktae and Yaas, landing on the west and east coasts of India, respectively. Not only human life was impacted, but also property in form of homes and vehicles. The regions of Orrisa, West Bengal, Gujarat, Goa, Maharashtra, Daman and Diu were some of which where the impact was heavily felt. With reports from all over these regions about trees uprooting damaging vehicles a comprehensive car insurance policy is the one that covers these damages.

Among the two types of vehicle insurance policies, third-party and comprehensive plans, a third-party policy is the minimum requirement. The Motor Vehicles Act of 1988 makes it mandatory to have this coverage as bare minimum. However, due to its limited coverage, a comprehensive policy is preferred by many. In situations like cyclones or other natural calamities, a comprehensive policy is the one that offers coverage for all necessary repair costs. Moreover, these comprehensive plans can be customised using add-ons that help to extend the coverage of your insurance plan.

Here’s how an insurance claim can be raised for damages due to cyclones and other natural disasters:

Step 1: Start with intimating your insurance company about the damage caused to your vehicle. This intimation can either be via a telephonic conversation or via an e-mail. It is critical to inform about this damage to your insurance company as early as possible, nevertheless the time limit is also mentioned in your policy terms.

Step 2: Once you have informed your insurer about the damage, you need to provide evidence about such damage. This includes relevant documents along with photographs evidencing the damage due to cyclones and other perils of the nature.

Step 3: Depending on your insurance policy features, your coverage will either be a cashless policy or a reimbursement one. For cashless claims, the repairs only need to be carried out a network garage. For such cashless claims, no repairs should commence before the inspection by the insurance surveyor. Any lapse in such procedure for a cashless claim must be avoided. For the reimbursement claim, there is no such requirement and the repairs can be done at any preferred service facility. However, all repair bills need to be kept for submission to the insurer at time of claim.

Step 4: After completion of the repairs, the insurance company directly pays the network garage in cashless claims. Any repair cost exceeding the policy terms shall be required to be paid from your own pocket. On the contrary, reimbursement claims need to be evidenced with all necessary invoices only after which the insurance company compensates for the admissible expenses.

This is you can make an insurance claim for damages to your vehicle due to natural disasters. Whether you have purchased a private or commercial vehicle insurance online, the process remains more or less the same. So, make sure you read the terms of the insurance contract and understand the claim procedure thoroughly. Insurance is the subject matter of solicitation. For more details on benefits, exclusions, limitations, terms and conditions, please read sales brochure/policy wording carefully before concluding a sale.

Categories
Finance

Using the post office FD calculator to calculate returns

Fixed deposit is a safe method of saving and investment commonly used by risk-averse investors. They offer assured returns that can be calculated beforehand. Fixed deposits are offered by banks, non-banking finance companies (NBFC) and the post office at varying rates of interest. The interest on fixed deposits compounds over time, ensuring that investors make good returns. The interest rate provided by the bank or financial institution depends on the prevalent FD interest rates.

Post office fixed deposit interest rates

In the case of the post office fixed deposit, the interest rates are revised by the government at the start of each quarter. This calculation is made based on the yield of government securities. Based on these interest rates, the FD returns can be calculated using a post office fixed deposit calculator. Here are the rates of interest for post office FDs for the second quarter of FY22:

Period Interest rate
1 year 5.5%
2 years 5.5%
3 years 5.5%
5 years 6.7%

Based on these interest rates, investors can calculate the returns they will receive upon maturity with a post office FD calculator. The total maturity amount can be calculated using the equation

A = P (1 + (r/400))^n

Where

A refers to the maturity amount

P is the principal amount

r stands for the interest rate

n is the number of quarters in the period chosen

Consider that the principal amount invested in the fixed deposit is Rs 2,00,000 for three years at an interest rate of 10%. So, A= 200000 x (1+(10/400)^ (4 quarters x 3 years) = Rs.2,68,978. The interest earned over three years when it is compounded quarterly is Rs.68,978.

Conclusion

The interest earned on a post office fixed deposit continues to increase as the number of years for which you have invested in the FD. With a post office time deposit calculator, you can get an estimate of the returns on your FD. A post office fixed deposit is a more attractive option for investors because post offices offer high interest rates.

Categories
Business

Divorce in North Carolina: Tips for sorting child custody

To file for divorce in North Carolina, spouses must be living separately and apart for a year. This doesn’t just mean two bedrooms, but two different residences. Also, there is a residency requirement – either of the spouses must be living in the state for at least six months prior to the divorce. Among other things that a couple may have to discuss and agree upon, child custody is the most serious and emotionally-charged one. If you are unsure of how to deal with the circumstances, your best bet is to talk to a Charlotte child custody lawyer. Find an attorney, who can be personally involved with the divorce and custody battle. Here are some tips for sorting child custody with your spouse. 

1. Read up on state laws

If you have hired an attorney, they will advise on basic aspects of divorce in North Carolina and how you should be handling child custody in your case. Every divorce is unique and has its own problems, and the advice is never generic. 

In North Carolina, the court usually encourages the parents to come to a parenting agreement that’s acceptable to both. You will be requested to discuss and sort things with your spouse, so that unnecessary litigation can be avoided. Also, courts in NC encourage equitable sharing, where both parents have a share in upbringing and wellbeing of the minor child. If the court has to decide on child custody, it will always consider the ‘best interests of the child’. 

2. Consider your child’s wellbeing and preferences

The court may not ask a minor child to come to the courtroom, because it puts the child through unwanted stress and trauma. If you are deciding on child custody with your spouse, you have to think of child’s wellbeing and preferences. Age of the child, specific needs, and other family-related aspects have to be considered in depth. The reason why you need a child custody lawyer by your side is to avoid taking haste decisions. When a lawyer is advising a parent, it always comes from a point of experience and concern. 

3. Open up to communication

Even the courts want you to resolve child custody with your spouse amicably. Negotiation and mediation are must for minimizing friction. If you don’t want to talk to your spouse directly, allow your attorney to take things ahead. You are more likely to resolve concerns when your child custody lawyer is talking. 

Check online for best child custody lawyers in Charlotte now!

Categories
Business

What Is the Additional Premium on ULIPs?

ULIPs are popularly known amongst investors as a way to create wealth for the future. But what if you could increase your investment returns to earn more? The top-up premium facility enables you to do so with a hassle-free process. Apart from the perks of an increased fund investment, you can avail more benefits with this feature. Here’s everything you need to know about additional premium in ULIP policies known as the top-up facility.

What Is Top-up Facility in ULIP?

The top-up premium facility is a feature available under Unit-Linked Insurance Plans where the policyholder can pay an additional amount over and above the annual premium. Now, you might wonder how does this facility benefit you? On paying a surplus amount to your insurance plan, you can increase your coverage amount or invest it into your ULIP fund.

Many a time our insurance requirements change due to increased responsibilities at home. Thus, if you need higher life cover, the top-up premium facility is the way to go. But in case you want to earn greater returns, you can easily dedicate the extra sum towards your investment fund without a worry. Therefore, you decide the end goal of the top-up premium and plan it to suit your long-term goals.

How Does Additional Premium in ULIP Work?

As the top-up premium is paid over the basic premium amount, this surplus is treated as a single premium that gives you additional coverage. Thus, the minimum sum assured you can gain is 125% of the top-up premium for policyholders up to 45 years of age. For individuals above the age of 45 years, the sum assured is 110% of the single premium. This is how your coverage amount can be increased with the top-up facility.

But in the event where you do not want the sum assured to increase but your fund value, then you can pay 25% of your regular premium. This is the capped limit that you can dedicate to your investment to gain lucrative ULIP returns in 10 years.

Things to Remember About Top-Up Facility

Here are some things you should know about the top-up premium facility before opting for it:

  • You can make a surplus payment only up to a certain limit of the total premium that can be paid every year. Your insurer shall have a minimum top-up premium margin mentioned in the ULIP policy documents.
  • This facility is only available to policyholders who make regular premium payments and don’t miss the due date
  • The top-up premium can be made any time during the policy term with zero restrictions
  • Some insurance providers may not allow top-up premium payment in the last five years of the ULIP tenure. But this may vary from one insurer to another.
  • There are some charges associated with ULIP investment that you must pay such as mortality fees and fund management charges. It is recommended to check such charges beforehand as they may differ from insurer to insurer.

Advantages of Top-Up Facility

  1. Increased returns

By pumping an additional amount into your ULIP investment, you can enable your fund to grow to give better returns. A total of 25% of your base premium can be added to your policy fund. To understand how much you can earn with the plan, check out the ULIP returns calculator now!

  1. Higher coverage

In case you have welcomed a newborn into your family, you would prefer increasing your life cover for more security. With the help of ULIP, you can! The top-up facility enables you to get higher coverage to safeguard your loved ones.

  1. Tax perks

The top-up premium paid can be claimed as a deduction under Section 80C of the Income Tax Act, 1961 just like your regular premium. Thus, you can save on taxes with such a facility as well.

You must have understood ULIP additional premium meaning with the above-mentioned pointers. Therefore, now you can reap the benefits of adding an extra sum to your ULIP policy. Ensure to check the terms and charges of availing such a facility in advance. Plan your insurance returns today to earn a lucrative payout in the future with the ULIP return calculator!

Categories
Finance

What to Do If Bike Insurance Expires During This Lockdown?

Riding a bike lets you enjoy your commute with the wind in your face. Other than that, it also adds a lot convenience by helping you weave through heavy traffic. This means you save a lot of time while others must wait for it to open.

There is no end to the list of advantages that a bike can offer you. But for all its advantages, there are a lot of dangers to riding a bike as well. Making a single mistake on the road can lead to dire consequences for both the bike and you. The best way to avoid this situation is to drive safe. However, despite all the caution, accidents can happen at times. Hence, the best solution for you is to have bike insurance.

Bike insurance during lockdown

Since more than a year, the country has been under lockdown due to the COVID-19 pandemic. As part of this lockdown, the movement of people across their respective regions. This means that there is little to no reason to drive your vehicle. Due to this, a lot of people of have parked their bikes for the foreseeable future. Hence, it is natural to forget about everything associated with the bike. This includes bike insurance as well. There may be a situation where you forget about your bike and the insurance policy on it. Due to this, you may fail to renew it and it may expire.

What happens when your bike insurance policy expires?

A bike insurance policy expires when you don’t pay the premium in the stipulated time of the coverage. This means making the payment before the last day of coverage. In the case you don’t make it and the coverage expires, the insurance provider will offer you a break-in period of 90 days. This break-in period serves as a chance for you to reinstate your plan. This way, you can restore all the benefits of the policy as they were. But you will not have coverage during the break-in period. If somehow, you miss this time window as well, your policy is terminated.

Upon termination, all types of coverage and benefits of the policy are considered null and void. This implies that you not only have no coverage for own damages to your bike, but also for third-party liabilities. Hence, the next time you get into a situation like accident, theft, vandalism, etc., you will have to cover these expenses out of your own pocket. While there is a lesser chance of accidents during lockdown, but there is no sense of taking the risk of being in this situation with insurance coverage. Moreover, riding a bike without insurance is illegal. Getting caught riding a bike without insurance means you will have to pay a heavy fine.

What can you do if this happens?

Missing the renewal of your bike insurance policy may be a bad thing, but its not a crime. But if you want to ride your bike, you need a two-wheeler insurance policy. So, in the case of your policy expiring, the only thing that makes sense for you to do is to buy a new policy.

Ideally, it would be better if you make the premium payment before your policy is terminated. But missing this opportunity could be a blessing in disguise. This implies that now you can buy a policy with better benefits and coverage options. Hence, as soon as your policy is terminated, you need to start looking for another policy.

The most obvious doubt here is that with everything closed due to COVID-19 lockdown, how do you exactly buy a policy or even look for one. The simple answer is through online mediums. The first step is always comparing polices which can be done through third-party comparison websites. To buy a policy you can go to an insurance provider’s website and make the transaction.

Categories
Business

The Types of Construction Projects Involved in Civil Engineering

Buildings, bridges, roads, canals, railways, and runways are all structures in civil engineering that require construction in part or wholesomely. Depending on the nature of the work to be done to raise these structures, there is the involvement of different construction procedures.

The procedures followed, and activities involved help classify the various construction projects that a business can undertake. This article defines the most common construction projects in civil engineering.

Water Engineering Projects

Water engineering requires the comprehension of the nature of water, water bodies, and its transport channels such as rivers and artificial waterways. This knowledge is then used to engineer structures and projects that help put the water into good use or manage the water to accommodate other constructions.

Simply put, a water engineering project manages the interaction between water and its surroundings. These projects range from the dam building, canals construction, sewerage structures laying, and drainage systems development.

Geotechnical Engineering Projects

Geotechnical engineering projects involve the exploration of soil and rocks to understand their interaction with other fields of civil engineering. Geotechnical engineers interact with different grounds, and their knowledge helps define a productive interaction between the earth and a project.

So, as long as a project interacts with the ground at some point (which is typically any construction project), geotechnics and heavy construction equipment will likely be required. Engineers here technically analyse the behaviour of rocks or soils, survey project sites, review construction proposals, and assess ground safety.

Structural Engineering Projects

As the name suggests, structural engineering involves creating the skeleton of structures as an early step of the construction process. Design is the first and essential step during the construction as it creates a blueprint of what to expect when coming up with the infrastructure piece.

Structural engineering projects are based on creating and maintaining high levels of sustainability, reliability, safety while observing a practical economic sense. Aesthetics is also a critical area of focus for structural engineering projects. Typical machinery used in this industry includes excavator hire, crane leasing and various ground equipment such as skid-steer loaders.

Environmental Engineering Projects

These projects revolve around the environment, especially where the environment is already at high risk and requires care to protect its resources. Environmental protection is done by identifying the problems and then coming up with constructive solutions to the issues. Environmental engineering is essential as it streamlines construction projects to ensure they preserve the environment.

Transport Engineering Projects

Transport engineering projects are concerned with the planning, designing, and monitoring the operation of transports systems. They are mostly aimed at creating fast, reliable, economically viable, and safe transport systems. The various transportation modes, including road, air, water, avail opportunities for such projects.

Civil engineers usually structure their creations around the client’s requirements and preferences while implementing a project. Some of the tasks performed in transport engineering projects include analysis of transport system designs and giving recommendations to other engineers.

Construction makes up a big part of civil engineering. It is a critical activity in the majority of the projects in and around civil engineering. This explains why most of the listed projects above require heavy machinery like excavator hire machinery so as to be accomplished.

Categories
Business

Leadership Qualities that Separate Good from Great

In this highly competitive environment, everyone is striving for attaining good enough results. To distinguish oneself from good to be the best is what matters. There is a high need of developing those skills that are very much demanded in the industry today. 

The one who seems successful has faced many hard times too. After passing through so much grind, the person has then become capable of leaving exceptional footprints in his domain to be followed by the others. 

Let’s see how a leader could be the best version of himself. Also, consider reading about Charles Field Marsham, he is one of the business leaders and you can get valuable insights from him.

Clarifying the Complex 

As the leader in the role model to his subordinates. His followers need his assistance at any time of the day. The successful leader is the one who breaks tasks into smaller components. Then give himself and his employees the achievable goals within a particular time frame. 

All of the complex sorts of tasks will then be addressed by the leader. He will make the way easy for his employees. So that they can progress by leaps and bounds. Individual success together contributes to achieving the overall goals of an organization. 

Embracing New Thinking 

Just like the outdated and conventional things soon wipe out. Similar is the case of conventional techniques deployed by the leaders and managers. If they do not invest more in creative thinking and innovative products and services, there will be more chances of them vanishing away from the industry. 

New thinking is not just about launching a new product, making another decision, or setting some business goals, rather it is about embracing new thinking while listening to the critics very patiently. It is sometimes the combination of the patient ear and the wide mouths that set a person on the right path while making all the relevant changes. Follow the footprints of Winston Churchill

Balancing Confidence and Humility 

Great leaders should always act confidently while taking humility. When there is a time for making any decision, they should trust their inner judgments for the development of their business. However, the decisions they make must serve their team in the best possible manner. 

Leaders must have to acknowledge their team’s efforts. Otherwise, they will not feel included. They have to face the challenges together. It is not just the job of one person. 

Avoiding Distractions 

There have been many words of mouth that are only meant to distract the focus of the leader. However, a good leader won’t let it happen. He will rather act firmly. He knows that it is better to take measures following what the research says. 

If you want to learn more, I suggest reading about the Field Marsham Foundation

Final Thoughts 

Every leader has some sort of competitive advantage over other leaders in the market. So, acknowledging the strengths and working on the weaknesses is what makes a person better and then the best among all other people of the same industry.