Category: Insurance

Health Insurance

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Note: This information on Health Insurance is applicable to Indians, both resident and NRIs. Almost all policies are serviceable online; hence, you can go through the whole process of enquiries, comparisons, application, documentation, premium payments, policy receipts, returns, etc. from the comfort of your home.

The purpose of Health or Medical Insurance is to protect one person or group of persons (family, employees, etc.) against financial loss due to disease and medical expenses. For example, Mr. Sunil may purchase one or more health insurance policies for himself, his family members, etc. To decide on exactly what is required for us and our families/dependents, we need to learn about the various factors that health insurance is based on. But, before that, here are some common terms and phrases used in health insurance. These terms, abbreviations, etc. are used in other insurance and non-insurance topics also. Hence, it is very important to ask questions and clearly understand each term or phrase before taking any decision. Remember, insurance is a very important financial activity and your hard-earned money should not go to waste because of a wrong decision.

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Categories: Insurance

Life Insurance

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Note: This is applicable to Indians, both resident and NRIs. Almost all policies are serviceable online; hence, you can go through the whole process of enquiries, comparisons, application, documentation, premium payments, policy receipts, returns, etc. from the comfort of your home.

The primary purpose of Life Insurance is to protect one person against financial loss due to death of another person. For example, Mr. Sunil may purchase a life insurance policy on his own life (insured person) to protect his spouse, child or parent (nominee or beneficiary) from financial loss in case of his death. However, some life insurance policies also have a maturity benefit in addition to death benefit in case the insured person does not die within the policy period. To understand this and other aspects of life insurance, we need to learn about the various types of life insurance. But, before that, here are some common terms and phrases used in life insurance. These terms, abbreviations, etc. are used in other insurance and non-insurance topics also. Hence, it is very important to ask questions and clearly understand each term or phrase before taking any decision. Remember, insurance is a very important financial activity and your hard-earned money should not go to waste because of a wrong decision.

Guaranteed Income 108% per Year for 24 yearsGet Life Insurance Information

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Categories: Insurance

Best Insurance for me in questions and answers

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Some people think insurance is a waste of time and money. Unfortunately, that is not only wrong, it is dangerous and selfish thinking. Everybody knows that insurance is the only sure protection against unforeseen future financial loss; even the richest people in the world have insurance. Every time you buy a plane or train ticket, the cost includes insurance. Salaries of most government and private jobs include deductions for insurance. Hence, people who think insurance is a waste of time and money are doing nothing more than cheating themselves, their families, their friends, societies, and country. Did that sound bad? So sorry, let us make it better. If you are living without insurance, you are CHEATING yourself, your family, your friends, your society, your country, etc., because if something happens to you, they are the ones who will be running around to save you. When you have insurance, you can at least save them and yourself from financial worries WHEN something happens to you. Note that we used the word “WHEN”, not “IF”. The fact is that you and everyone you know will face accidents, disease, death, etc. These are part and parcel of life, and Insurance is the only protection against financial losses and worries when such things happen. Having said that, many are confused or misinformed about the various types of insurance, and the legal and technical issues associated with each type. For those who want to know more about insurance and the best options for them, here are some questions and answers in non-technical, layman terms. This article covers insurance concepts without reference to any particular insurance company or insurance plan; hence, you will get a good idea of the best insurance options for yourself or others. However, you must consult professional advisors before you take any decision about what is the best insurance company or best insurance plan for yourself. You can contact us also with your queries using the forms given below.

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Categories: Insurance

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