In a previous blog, we have already looked at the meaning and the function of reinsurance. Further to that, we will now look at the different types of reinsurances to better understand which form of reinsurance suits you better. Related Blog: What is Reinsurance: Types, Functions, How it Works, Advantages & More Different Types of Reinsurance […]
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You may have an understanding that buying insurance policies is important. But which policy insures which part of your life is difficult to understand. Hence, before buying policies, we must develop a fair understanding of ich policy caters to what. When it comes to health, two policies often cause confusion — Health Insurance & Medical […]
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What Is Health Insurance? A contract requiring an insurer to pay some or all of a person’s healthcare bills in exchange for a premium is known as health insurance. More precisely, health insurance often covers the insured’s medical, surgical, prescription medication, and dental expenditures. Health insurance can pay the care provider directly or compensate the […]
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I have often come across people who say, “Why do I need health insurance when I have other investments. It’s money down the drain if nothing happens to me.” To this, I often want to say, “God forbid, what if something does happen?” The last two years have taught us, that health is the most […]
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You must have heard of insurance. But much like assurance and reassurance, there is something known as reinsurance. What Is Reinsurance? A reinsurance, in its most basic sense, is insurance for insurers. It is the process through which insurers minimise the possibility of paying high amounts of money, in case of an insurance claim, by […]
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Crop Insurance – Overview Usually crop production is affected adversely due to unfavourable weather conditions and attack of pests and diseases. In order to protect the farmers against these uncertainties during farming, a mechanism called crop insurance is put in place. It safeguards the agriculture producers from damages due to unforeseen and natural factors which […]
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Eliminating intermediaries’ is the new buzz in market, but can you really do this especially while insuring yourself against individual or business risks? Some websites or apps can compare different policies and present you with options, but sometimes wisdom dawns late, especially when you need to make a claim. In this blog we will learn […]
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Reinsurance is done when a certain insurance company wants to reduce its risk by sharing it with other insurance companies. Therefore, reinsurance is also termed as “insurance of insurance companies”. Companies achieve reinsurance by purchasing insurance policies from another company. […]
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About Health Insurance Companies The sedentary and fast paced lifestyle of our times have led to rise of many untimely diseases. Nowadays, it is common to hear critical health issues arising even at a young age. The rising costs of medical treatments have now made health insurance a necessity rather than luxury. Health insurance helps […]
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What Is An Insurance Broker? Shopping for an insurance plan can be an overwhelming task. This is where insurance broker comes into the picture. So, you must be thinking what exactly is an insurance broker. Insurance broker is an entity or an individual who represents its client across the whole process, right from choosing the […]
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