Term insurance is a kind of life insurance that offers protection for a specific period of time, or term. The insurance company pays the selected beneficiaries a death benefit if the policyholder person passes away within the duration of the policy. It aims to provide monetary security for a specific period of time—10, 20, or …
What Documents are Required for a Term Insurance Claim? Read More »
A kind of life insurance known as the term insurance offers protection for a particular period of time called the term. Under unfortunate circumstances, a death benefit is paid to the beneficiaries( the one the policyholder designates) if the insured person dies within the policy’s term. The time period for which you should get term …
What is E-Insurance E-insurance is the term for the insurance services’ digitalization, which enables customers to buy, administer, and file claims for their policies online. This creative method makes the insurance procedure more efficient while providing clients with accessibility and ease. Users may easily compare insurance, get rates, and make payments through specialized websites and …
Why Do You Need to Have Your E-Insurance Right Now? Read More »
A life insurance policy is a contract that an insurance company enters into with a policyholder, whereby the insurer agrees to pay a predetermined sum of money in return for premiums paid on a regular basis, at the policyholder’s death, or after a predetermined amount of time. The 2 types of Life Insurances are :-1. …
Overview of IRDA Established by the Insurance Regulatory and Development Authority Act, 1999, the Insurance Regulatory and Development Authority of India (IRDA) is a statutory agency. Its main goal is to promote and regulate India’s insurance sector. In addition to fostering fair competition and ensuring the financial soundness of insurance businesses, IRDA safeguards the interests …
What is IRDA and its role? Exam and Certification! Read More »
A specific kind of insurance known as “air cargo insurance” covers items lost, damaged, or stolen while being transported by air. It provides shippers and cargo owners with protection against a range of hazards that could occur when shipping cargo via air carriers. This type of insurance is essential considering the particular difficulties and risks …
Certainly, Pet insurance can be categorized into several types to accommodate different requirements and financial considerations. These categories include: 1. Accident Only Coverage- This basic insurance option primarily handles expenses related to injuries resulting from accidents, like fractures or incidents involving vehicles. It is a budget-friendly choice but doesn’t extend to illnesses. 2. Accident and …
Pet insurance is a financial service tailored to assist in covering the expenses associated with medical care for pets, including dogs, cats, and, sometimes, exotic animals, much like how human health insurance operates. It offers a safety net for pet owners by helping manage the often-significant costs related to unforeseen veterinary treatments or routine check-ups. …
Life insurance is a crucial financial tool that provides peace of mind and financial security to your loved ones in the event of your untimely demise. While traditional life insurance policies offer a straightforward death benefit, some individuals may wonder whether they should add an accidental death benefit rider to their policy. In this discussion, …
Does Your Life Insurance Policy Need An Accidental Death Benefit Rider? Read More »
The new plan that LIC launched 23.06.2023 is a close-ended single premium plan (869) with combination of protection and savings. The policy conveys assured returns in case of unfortunate death of the life assured. It is a Non-linked, non-participating, individual savings plan. Thus, it guarantees no future premium or no lapsation option after the death …
LIC Launches Dhan Vriddhi Plan for Single Premium Life Assured Read More »
