There is so much you may want to achieve in your life. However, there is nothing in your life that you can say will happen with surety. Also, there are certain things you want that should happen without compromise. For example, you want your children to study in a good college. Given the life uncertainties […]
Insurance claims are the moment of truth for the insured. A claim can be demanded in an insurance contract when the insured suffers an event that the policy covers. The claim processing or claim settlement process will start with the insured or their nominees filing the claim with the insurer. Every insurance claim is guided […]
You may have a dream of owning a house, a car and travelling to exotic places during your periodic vacations from the routine. You can also have a goal of supporting your child to take up a career of his/her choice. In addition to all these goals, you may also be thinking of your life […]
Life’s journey is as unpredictable as life itself. Needless to say, it is financially prudent to mitigate risks and losses caused due to loss of life. However, life is a roller coaster ride by itself and even the best of relationships can turn sour with time. Marriage is no exception. Marriages may be made in […]
An insurance is a legal agreement between an insurer (insurance company) and an insured (individual), in which an insured receives financial protection from an insurer for the losses he may suffer under specific circumstances. Under an insurance policy, the insured needs to pay regular amount of premiums to the insurer. The insurer pays a predetermined […]
Insurance is one of the ways you can mitigate and hedge against the risk of unforeseen losses. While risks lead to rewards, the downside is a possible loss. Losses can happen due to multiple reasons both on professional and personal fronts. When you start a new venture by investing your savings, you have a chance […]
The difference between life insurance and life assurance is so subtle that it’s easy to confuse them as one of the same thing. You and your spouse have dreamt of so many life goals such as building a house, educating your children, and so on. You are diligently saving towards your goals but you are […]
A waiver of premium ensures you will still have life insurance coverage even if your earnings are reduced due to injury, disability, or critical illness. The rider is used mainly to cover life insurance costs in the event of critical illness or long-term disability. If you are affected, this rider will waive your insurance premiums […]
Deferment Period Under a Child Insurance If you have an insurance policy, it is necessary to pay regular premiums to keep the coverage active. If you stop paying premiums, the coverage will lapse and you will be uninsured. This could leave you vulnerable to high medical costs if you are diagnosed with any disease in […]
Deferment Period Under a Child Insurance Insurances are a type of contract between two or more parties in which one party agrees to pay the other party a sum of money in exchange for protection against a specified loss. The party paying the amount is the insured, while the party receiving the premium is the […]