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.
The Government of India (GoI) has introduced a number of government health insurance schemes to address various needs and provide access to affordable, high-quality healthcare. Both the Central and State Government initiatives are included in the health insurance programs that the government offers. Both public and private health insurance plans have their own distinct advantages […]
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Group health insurance is a type of health insurance policy also known as the employee health insurance policy is usually taken by the organisations to provide health insurance cover to their employees and their families in certain situations. Group health insurance is a tailor made policy which can be customizable as per the needs and […]
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Car insurance in Nova Scotia can seem like a daunting thing to figure out. But now, with this ultimate guide, you can find the best car insurance company for your needs! With so many insurers out there, it may feel like they’re all going to offer you the same thing. Or that they’re just too […]
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A Unit Linked Insurance Plan (ULIP) can help you achieve a range of long-term investment goals, such as retirement preparation, education funding for your kid, and asset accumulation. The minimal lock-in duration of five years ensures investor restraint while still providing high market-linked returns. The best ULIP offers life insurance while simultaneously investing a percentage […]
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Whenever you buy insurance, you should read the fine print. Every time you read the fine print while buying car insurance, the jargon will confuse you. As difficult as they may seem, it is important to know and understand them. It will ensure you’re better able to understand the utility of the car insurance you […]
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What role do these plans add to your existing base health insurance policy and is it even advisable to buy them? What is a Top-Up Plan? If you or someone close to you happens to be under any sort of medically challenging situation, a health insurance policy can swing its way in as a safety […]
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Ever thought about whether you are financially prepared or not, Meet with a severe accident and end up in total disability? Diagnosed with chronic illness such as cancer or other deadly diseases? Have an untimely death? For instance, you are the sole bread earner in the family. If you end up in any of the […]
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The government of India aims to provide good quality healthcare services to the people. Many schemes have been launched in recent times to ensure the lowest strata of society are not deprived of quality healthcare facilities. These schemes include increasing awareness about different medical conditions, free health checkups, and treatment at top hospitals. The coronavirus […]
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There have been significant technological advancements in the healthcare sector in the last few years, which has resulted in a steadfast increase in the cost of healthcare in our country. While the rising emergence of lifestyle diseases may threaten your savings, that is why having a health insurance policy has become a necessity. A health […]
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Many people consider life insurance as something they have to protect their family should the worst happen. However, there are other reasons you might want to get covered. If you are an entrepreneur, then you may have other people relying on you and the salary you provide. This means that if anything happens to you, […]
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