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...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 activities bring. Even professionals fall short in the icy slopes. Dangers and risks should not be taken for granted. A skiing insurance will take away the apprehension and will allow you to enjoy the adventure of the season.There are several ski insurance companies in the market that offer different protection packages. The important thing that you should take note of is that the skiing cover should address all risks that will be associated with the winter vacation. Some winter sport insurance packages are categorised by winter activities. Examples of these protection plans are ski racing insurance, snowboarders insurance, Board Park insurance, and heli-skiing insurance. Vacationers also have a choice whether to include off-piste in their insurance coverage or not. Adding the off-piste feature in the insurance plan will cover skiers and...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...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 their budgets using these illegal actions. Insurance policy holders can avoid such situations by documenting how an insurance company can act in bad faith and what are the ways they used to reach their objective. Another good way to stay safe is to familiarize with every term and provision from the insurance policy. These are the two essential steps that can help policy holders to avoid insurance companies tricking them with bad faith practices.Insurance companies have the sole responsibility of covering your plan when you file a claim and not look for ways to benefit from your situation by minimizing or denying your insurance claim. Such companies need to put the client's needs and interests ahead of their own. Unfortunately, this is not the case in most situations and individuals in need of insurance end up with a small percentage of the original claim or a claim denial. A claim denial must be based on clear factual evidence and...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
There are many websites offering information about insurance quotes in Australia. Since these companies are not insurance brokers or sellers, they are absolutely impartial in imparting information. You can access their sites to check out the rates of...more