Category: Insurance

Term Insurance is a Big Step Towards Responsible Parenting

Your child has to compete with 1,31,399,999 kids of the same age. To how about term insurance and other tips of good parenting, read on! A Guide to Better Parenting The dynamic clock predicts the population of India every second.…

IC-33 Chapter 4 : Financial Planning

Financial Planning: It is a process of identifying one’s life’s goals, translating these identified goals into financial goals and managing one’s finances in ways that will help one to achieve those goals.  Savings may be considered as a composite of…

IC-33 Chapter 3 : Legal Principles of Life Insurance

What do you mean by insurance? Insurance is a contract between the insurer (insurance company) and the insured in which insurer agrees to provide financial protection to the insured on happening of certain specified risks for a price called as…

IC-33 Chapter 2 : What Life Insurance Involves

What do you mean by insurance? Insurance is a contract between the insurer (insurance company) and the insured in which insurer agrees to provide financial protection to the insured on happening of certain specified risks for a price called as…

IC-33 Chapter 1 : History of Insurance in India

Origin of insurance can be traced to Llyod coffee house ( Marine Insurance); Amicable Society for Perpetual Assurance in 1706 London considered as First Life Insurance company. Modern insurance in India began in early 1800 began with agencies of foreign…

Personal Accident Insurance

Personal accident insurance covers death or disablement to the insured person, arising out of accident. Personal Accident policy may be renewed by mutual consent every year and in such event, the renewal premium shall be paid to the company on…

Impact of Union Budget 2016 On Health Insurance

The Union Budget 2016 focused more on improving the healthcare and education of people. Senior citizens underwent a lot of trouble in the recent years as the health insurance cost were skyrocketing and so were the premiums. The current budget…

The Do’s and Don’ts of Life Insurance You Must Know

Life insurance is a contract between a consumer and insurance company that offers some kind of protection to the insured, at a cost. Under the agreement, the insurer agrees to pay a certain amount to the beneficiary in case of…

Third-Party Motor Insurance – Mandatory

The Motor Vehicles Act makes Motor third-party insurance mandatory for all vehicles plying on Indian roads and has to cover liability arising from third-party claims due to accidents.  Third party motor insurance covers the liability from damage in the form…

Insurance Protection for Tech Savvy Women

We live in an era that has seen women performing admirably in all walks of life. They match men in every step of the way while pursuing career goals. Walk into any office and you will see a significant amount…