What Is Group Term Life Insurance? A form of insurance cover known as group term life insurance offers life insurance to several people under a single policy. It provides the beneficiaries with financial security in the sad event that something unfavorable occurs to the insured individual throughout the coverage term. How Is It Different From […]
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When you want to cover a large group of people, such as an entire family, with one policy, group term life insurance can be an excellent choice. But you must first be certain that you are purchasing the correct type of term life insurance. LNG can assist you with both understanding insurances and selecting the […]
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A group term life insurance can be a good option when you are looking to cover many people like a family in one insurance. But before you decide on which term life insurance to buy, you must ensure that you know exactly what you need. LNG can help you understand insurances and also buy the […]
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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 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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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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Buying An Insurance? Buying an insurance is a decision which definitely pays returns. Life is full of uncertainties and in such a situation when you buy an insurance policy, you have a certain degree of confidence. In the previous blogs, we have stressed about how important […]
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