Category: Insurance

What Is Underwriting In Insurance?

A person seeking life insurance cover has to make an application to the insurer. Such an application is called as ‘proposal’. The person applying for insurance is called the proposer. The insurer then decides about the proposer’s admissibility to the…

What is a Claim in Insurance?

What is Claim in Insurance? Claim is the demand for performance of the promise made by the insurer at the time of making the contract. The insurer pays claim only when the insured event happens. Before settlement of claim, the…

Buy Insurance Policies with Care

Before buying an insurance policy, you should read and understand the policy documents carefully to clear out doubts as many times insurers and their intermediaries tries to Mis-sell their insurance products. What you should do before buying insurance products: Buy…

Child Insurance Plan – A Need / Requirement

To live a comfortable life, it is required to take a significant life insurance cover. In this article I am going to describe the benefits of child insurance plan as children are very special for their parents. Term plans cover…

Why to Take Insurance?

Why to Take Insurance Cover? Insurance gives security against uncertainty (risks) present in our life. As, we all know that life changes frequently and any thing could happens any time, so we should protect our life and life style from…

Risk Management & Insurance Business

Risk Management is now rising as an important field of insurance. The risk management involves loss control, loss financing and risk reduction by identification, measurement, analyzing and controlling of risk (uncertainty or loss). Insurer transfers the risk to reinsurance companies.…

OPD Coverage Health Insurance in India

In Indian Insurance Market, there is a large space available for the growth of health insurance. Very less people takes health insurance policies without the emphasis of sales executives & insurance agents. As, very less people are aware about the…

What is Reserve in Insurance Business?

Reserve is a type of liability of the insurer for its policyholders. Insurers made reserves in order to ensure their ability to pay future claims to the policyholders. The amount of reserves depends upon the nature and the duration of…

Credit Insurance | Definition, Meaning & Benefits

Credit Insurance – Definition & Meaning Credit Insurance is a risk management tool that reimburses policyholders when their business clients fails to pay for the goods and services they had sold to them. The need for the credit insurance has…