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.
Purchasing a former employer-employee relationship group insurance policy makes good sense for the employer to save on sudden and surprise expenditures on his part in the case of the employee’s health, accident, or even death. It not only safeguards the employee but also saves employers’ funds at an affordable cost. An Example of Why You […]
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India’s government requires the PUC (Pollution Under Control) certificate under the Central Motor Vehicles Rule of 1989. Therefore, this certificate is now required to be carried by all Indian drivers, just like a registration certificate, driving license, and motor insurance policy. Given the significance of this crucial document, it is essential to be aware of […]
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Nowadays, there are a lot of businesses, both big and small, that operate both online and offline. That being said, many new companies are created each day, as the life of an entrepreneur is quite appealing to many people. While starting and running a business can be quite an exciting journey, there are many things […]
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There is no limit to what you can do with the help of genuine effort and imagination. Every business has a small start, and as the business grows, more elements get involved. The number of employees, fixed assets, variable assets, production, services rendered, and many such factors are responsible for the growth of a business. […]
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Medical expenses are rising and so are lifestyle-related ailments. Not every Indian living in India has access to health insurance. Because of this, the government of Rajasthan has introduced the Mukhyamantri Chiranjeevi Yojana, a health insurance program that protects the socially and economically weaker segments of society, in order to protect its citizens. The government […]
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If you want to safeguard the financial future of your family and loved ones, the best way to do that is by buying a life insurance policy. It is designed to protect you from emergencies like death and health-related issues. You get to choose your coverage and premium depending on your needs. However, choosing the […]
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Purchasing health insurance opens you to numerous terminologies and jargon that may seem complex. However, once you start understanding such terms, it does get easier to know the details of your insurance policy. One such terminology is the waiting period applicable to most types of health plans. To explain simply, a waiting period means exactly […]
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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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