Insurance is a contract, represented by a policy, in which an individual or entity receives financial protection or reimbursement against losses from an insurance company. The company pools clients’ risks to make payments more affordable for the insured. Insurance policies are used to hedge against the risk of financial losses, both big and small, that may result from damage to the insured or her property, or from liability for damage or injury caused to a third party. Insurance helps provide a secure financial option to you in case something goes wrong or an unfortunate event takes place that puts a massive financial burden on you that you cannot bear by yourself. Your insurer will then cover the costs for you for which you have been paying him premiums up to the date of the event. Insurance is important as it helps you shed your worries and stress as any untoward incidence is already covered by your insurer and anything that can happen will not hamper your lifestyle or severely impact your financial situation.
Are you someone who blindly follows the car dealer and buys the insurance policy provided by them when you buy a new car? Well, I have got news for you. Buying an insurance policy online is a far better option than buying it from a dealer or agent. You might think it’s a less trustworthy […]
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For many people, getting health insurance seems ominous. However, if you probe further into it, you will realize that getting proper health insurance can end up saving you a lot of money, especially if you are opting for private treatment for any injury or illness. When it comes to choosing the right health insurance plan, […]
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Inflation is a thing that we have to live with and cannot deny the existence of. We have been witnessing the increase in food costs, petrol costs, and overall living costs: One thing you have to acknowledge is that healthcare costs are also rising by the day like wildfire. In India, more than half of […]
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The health insurance industry in India started back in 1986. Ever since then, the Indian healthcare market has kept growing and recently it has surged exponentially. Over the years, people have become more aware and conscious of the need for health insurances: The reason being that earlier, people were not quite literate about healthcare expenses […]
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With every passing day, the number of Coronavirus cases is rising like wildfire. As of now, 9.07 lakh Coronavirus cases have been reported in India. As a matter of fact, we are continuously losing lives owing to this disease. 23,727 deaths due to coronavirus, have been reported till 14th July 2020, in India. This has […]
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You never know what kind of medical emergency might come across your or your family’s way and you can’t always be financially well prepared to handle this kind of emergencies. So, getting health insurance is a must in the current era. There are a plethora of health insurance companies ready to hand out health insurances […]
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India is expanding massively in the life insurance market. The current rank of India in the same is 10 among 88 global countries and its share is 2.36% in the same. With this apparent boom in the insurance market, there has emerged a ton of insurance providers to choose from, a lot of confusion in […]
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In 1940, less than 10 percent of Americans had group health insurance through their employer. Fast forward to 1955, and 70 percent had it. Today, 90 percent of Americans with medical expense insurance have it through their employer. What triggered this rush toward employer-sponsored health insurance? This is an example where the invisible hand of […]
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Are you searching for the benefits of term insurance? Does the insurance plans cover the death of COVID 19? Can you apply for the insurance plans now? Well, if you have the above questions popping up in your mind then you have arrived at the right place! Coronavirus or COVID 19 has been declared a […]
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Purchasing a life insurance policy is important since it intends to provide financial coverage to you and your family members in case of an emergency or any unexpected event. Now, comes the most important question- Should you opt for a private insurance provider or government insurance provider? At present, there are a total of 24 […]
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