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.
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 companies ready to hand out health insurances to you […]
Continue Reading
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 […]
Continue Reading
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 […]
Continue Reading
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 […]
Continue Reading
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 […]
Continue Reading
Term Insurance is a kind of life insurance policy offered by insurance companies that provide financial coverage for a specified ‘term’ of years. Hence, if the insured dies during this period and the policy remain active, a death benefit will be paid to the beneficiary. What is Term Insurance Policy? Term insurance policies are less […]
Continue Reading
Health Insurance is a kind of insurance that provides financial coverage against the medical/surgical expenses incurred by the insured. Nowadays, several insurance companies offer health insurance plans to their customers that provide various health benefits, including cashless hospitalization, tax benefits, coverage for critical diseases, etc. It is important to purchase a health insurance policy since […]
Continue Reading
Pradhan Mantri Jan Arogya Yojana (PMJAY) which is also referred to as Ayushman Bharat Yojana, is a health insurance scheme that intends to offer financial protection to economically weaker Indian population who are in need of health care facilities. Launched on 23rd September 2018 by Prime Minister Narendra Modi, PMJAY aims to offer coverage of […]
Continue Reading
The government of India has launched several schemes for the public of India. Among these schemes, two renowned insurance schemes offer insurance coverage at low premium rates- Pradhan Mantri Suraksha Bima Yojana (PMSBY) and Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY). Let’s look into these schemes in a detailed manner below: Pradhan Mantri Suraksha Bima […]
Continue Reading
We believe that insurance and advisory services are going to enter the age of new opportunities. Are you ready to seize them to transform the way your business provides products and services? Here’s how you can grow your insurance and advisory businesses in 2020 to get it to the next level of impact. Tip #1 […]
Continue Reading