There are so many different kinds of insurance out there that it can be a challenge to determine what type of personal insurance plans you should be thinking about taking out. It is obvious that nearly everyone in the world must have life insurance coverage, however what about things like disability or critical illness insurance? They are also essential but they are frequently forgotten about or even written off as not necessary.There is a...more
Sri Lanka Insurance Industry is witnessing a strong growth since past few years. Dominated by general insurance segment, the total Gross Written Premium (GWP) in the country increased by 18% in 2011 compared to the previous year. In the coming years, the industry is further expected to touch the pinnacle of success with ever-growing life insurance penetration, emergence of online insurance services, and rising foreign investment in the industry....more
There will be a time in your life when you will pass away or will have to deal with the stress of having a family member pass away. Hopefully, when either of these things happens there's a funeral coverage to fall back on and all you or your loved ones need to do is actually make a claim to the insurance company and then go ahead and deal with the funeral preparations without needing to be worried about how to pay for it all. This is a look at what will be needed to make a claim.The very first thing that will have to be done is find out who underwrites the funeral cover policy. This is so that you can submit your claim to the right insurance company. It is a good idea to have all your documents in one file that everyone knows where to find and also to have duplicates of all the paperwork with a financial advisor or even lawyer or even member of the family. By doing this all that needs to be done is to have someone open the file and have a look at exactly what funeral cover policies are available.After you have figured out who to submit the claim to you need to get a copy of the death certificate. You will need to send this to the insurance company along with any other documentation...more
If you are planning on skiing or snowboarding during your winter vacation, make sure that you have adventure holiday insurance. The insurance package will let you enjoy winter sports and activities without having to think of emergency assistance and expenses in case unforeseen events happen. One can never be too confident with the danger these...more
Funeral insurance and other prepaid funeral plans are regularly sprayed on TV. Ensure that your family does not suffer a financial burden in the case of your death is of course a good idea, after the retirement warns clients to be very careful before signing up to any of these stuffs. Our investigation confirms the need for care. We found:Under...more
If you are a property owner who is looking to sell or refinance your home, then you need to make sure that you are aware of some things regarding your title insurance policy. If you are not familiar with what that policy is, it is a document that helps to protect your interest in your property. This protection helps to cover the cost of potential problems, defects or claims that are related to the title of the property in question. These policies are usually taken care of at the same time you finish closing on your home. This type of policy is very important for you to have. Since most properties have had several owners during the course of its life, if any problems arise where there are claims being made against the deed to your home, you have a situation that can't be ignored. If you sell your home and the buyer discovers a major problem that was not disclosed or made available when they did a property title search, you could be held legally liable if you never purchased this type of policy when you purchased the home. When you take everything into consideration when it comes to purchasing a home, these fees only amount to a very small percentage of all other costs that need to...more
Bad faith practices start to become mainstream problems, rather than isolated cases like in the past. More and more insurance companies tend to act in bad faith by minimizing or denying the claims of policy holders and adding large sums of money to...more
Insurance premium is the amount that policy owners have to pay in order to obtain guaranteed coverage from the insurance company. Premiums are computed based on the factors related to the product and the level of risk of the applicant. The sum of...more
Life insurance financing is a complicated concept of life insurance created to allow well off policy holders obtain vast amount of policy while settling some of the costs of the policy all at once. This can be doable if there will be cooperation of...more
When it comes to getting a credit insurance broker, you probably have many questions about what you need. You may even be wondering why you need a credit insurance broker to begin with. The bottom line is that you have many things to worry about...more
Business insurance protects key factors of premises; it covers most important liability issues in the main plan and doesn"t require any other thing to protect our business which is not that big. For small business owners, responsibility are frequent...more
Although not immediately visible to most, the loss of the ability to produce income due to unfortunate, yet sudden and unexpected events is one of most prevalent reasons behind the fall of many to abject poverty and bankruptcy. To protect oneself and...more