Insurance sector in India has become one of the most favoured investment destinations both for Indians and NRIs. India is the fifth largest insurance market among the globally emerging insurance economies. Growing interest towards insurance among people, innovative products and distribution channels are sustaining the growth of the insurance sector. The various liberalisation policies in the sector have opened the door for various private sector...more
Due to the unpredictable nature of life, insurance is often a necessity. While you can never completely prepare for the future or shield yourself entirely from disaster, insurance can greatly minimize the complications and aid in the recovery process. Whether it's commercial automobile insurance, life insurance, property insurance, or any other type, it can provide you with peace of mind even during life's most turbulent moments. Even though it's...more
The whole of the insurance industry is build on the concept of covering the risks of loss of life or loss or damage of an object related to the person taking up the insurance. Insurance though in real senses has nothing to do with the complete elimination of the risks as the risks could never be eliminated being a part of the inevitable truth of life. All that an insurance policy is capable of doing is indemnifying the person of the financial losses. The law of indemnity in insurance makes sure that the person who bears the loss is indemnified or is put back in the exact financial position that the person was in before the loss occurred. Now, this means insurance, be it health insurance, house insurance, life insurance or income protection insurance, the whole concept is based on the risk management which is used to hedge or take a countervailing action against the uncertain risks of excessive losses. Insurance being a legal contract between the insurer and the company is a form of legal document which carries a lot of formalities to be covered, which on the part of a layman gets a little difficult to go through unassisted. The concept of insurance broker comes into picture at this...more
If you have a company or are thinking of starting one, getting an insurance coverage must be among your top concerns. Small business insurance Peoria can protect you and your possessions in an assortment of methods. In some examples, you may even be called for to get a coverage either by law or by a prospective client. Since mishaps take place, no...more
Many property owners frequently worry about the insurance plans for their tenanted residential properties but they fail to consider vacant building insurance. Ordinary insurance policies help them guarantee that their earnings producing properties are protected against circumstances like fires, residential property damage or injuries that could...more
After paying a couple of premiums if the insured realizes that the insurance policy isnt serving the purpose, theres nothing one can do about it. If they want to cancel the policy before the term is complete, it is a huge loss for the insured as they would lose the entire amount.It is important to understand the norms of the insurance chosen before going ahead with it. Again the amounts for the insurance varies from each person so do not get boggled by what the agent says. One can even check online forums where discussions are held on the beneficial insurance policies and choice can be made thereafter. Before buying an insurance policy, the insured should ensure they know the purpose of the insurance. For example, life insurance is a requisite but the amount to be insured to be decided on wisely. Too much payment would not be helpful either. One more important thing to note is that insurance is not a form of investment.It is better to let go of the policy if it does not meeting the requirements. Instead of paying high premiums each month, it is better to close the insurance policy. This will anyways make the person lose the money insured, however at least the high premiums can be...more
If you made the mistake of driving while intoxicated, the aftermath of a DUI can be devastating. You may not know where to turn, what type of legal issues that you will have to deal with, and how it will affect your car insurance over the long...more
Physicians can rest assured, knowing that they will be in demand for the long term: At some point in the past year, the Centers for Disease Control reported that more than 92% of children in the U.S. saw a healthcare professional, with adults a close...more
Term Insurance Policy is considered as the best insurance policy which generally provides best settlement ratio to its customers. Almost every insurance company settles a variety of claims every year. It depends upon each and every company as the...more
The latest reports state that the size of the bike has a role to play in the case of motorcycle insurance. The authorities look into this factor as well, in order to ascertain the accurate amount of the claim. In the case of these insurances as well...more
An Overview - Preexisting Condition InsuranceAs the name suggest, preexisting condition insurance indicates the insurance cover expenses of medical treatment for previous medically diagnosed. These medical conditions include chronic constant illness...more
Income protection insurance will be a safety net if a person find themselves out of work by getting effected with an accident or being off work due to long term sick or finding themselves unemployed through no fault of there own. Though a person is...more