Insurance
What Is Life Insurance And How Does It Work?
A life insurance policy is a contract between an individual and an insurer. The insurance company provides financial protection to the policyholder in exchange for monthly payments (known as premiums).
According to the agreement, in the event of the policyholder’s death or the expiration of the policy, the insurance company pays the person or his family a lump sum payment after a certain period...
What Is Umbrella Insurance And What Does It Cover?
An umbrella insurance policy is additional liability insurance, as the main role is to cover liabilities that the existing policy does not cover. They help protect assets and are therefore suitable for people with vast amounts of expensive assets. This policy can be considered by people who could be held liable for damaging someone else’s property.
This policy is suitable for professionals such...
Why Do You Need A Mobile Insurance?
If you’ve just signed up for a new cell phone deal or upgraded your phone, it’s likely someone has trying to sell you cell phone insurance. But do you need it? This page covers the basics to make an informed choice about which mobile insurance is best for you. Here’s how to make the right decision.
You should consider mobile phone insurance if:
You have a history of lost, stolen...
Why Is Motor Insurance Compulsory?
Auto insurance protects the vehicle owner from damage to the vehicle and pays for all the vehicle owner’s obligations under the law. The vehicle owner is legally responsible for any personal injury or damage to life or property caused by the use of the insured vehicle.
Car insurance is compulsory to help the deceased’s family, who may die in a car accident. Compensation under the Motor...
What Is Property Insurance And Does It Work?
Property insurance is a broad term for a range of policies that provide property protection or property liability insurance. Property insurance provides financial reimbursement to the owner or lessee of a building and its contents in the event of damage or theft and a person other than the owner or lessee if that person is injured on the property.
Property insurance can include several policies such...
What Is Term Insurance And Why You Should Get One?
Term insurance is a pure life insurance product that provides financial protection to the policyholder. In the event of the insured’s death during the policy period, the beneficiary receives a death benefit as determined during the selected term of the insurance plan.
The insurance term is initially much cheaper compared to permanent life insurance. Unlike most types of permanent insurance, term...
Why Do You Need A Life Insurance Policy?
Life insurance policy refers to the contract between the insurer and an individual. According to the agreement, policyholders pay a certain amount as a premium to the policy. The insurer pays a certain amount to their family in the event of the insured person’s untimely demise.
Since death is the only sure thing in life, you must buy the best life insurance policy that suits your financial needs.
Why...
Why You Should Secure Your Travel With Travel Insurance Plan
Travel insurance can help you cope with medical emergencies, unexpected expenses, and various other risks that you may face while travelling. It covers compensation for lost baggage or passport, travel cancellations, aviation accidents and other damages while travelling domestically or internationally. In India, travel insurance is quickly becoming a must when planning a family vacation, business trip...