Types of Life Insurance Term life insurance and whole life insurance are the two main types of life insurance policies. However, depending upon the nature of insurance and the desire of the policyholders there can be many types that those two. So, let’s understand the main types of life insurance policies. Term Life Insurance Term […]
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Factors Affecting Life Insurance Premium A life insurance policy is one of the best ways to protect your loved ones when something bad, say, death happens to you. When you have a valid life insurance contract, you may be confident if unforeseen happens to you, your family will be protected. For this, you have to
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Advantages and Disadvantages of Life Insurance One of the advantages of a life insurance policy is that it can help your loved ones when you no longer exist on the ground. And, one of the disadvantages of a life insurance policy is that it can be much more expensive when you age. Let’s understand the
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Types of Fire Insurance Policy A fire insurance policy is one of the best ways to secure your properties if something unexpected happens and your properties are damaged by fire. You will get recovered if you have a fire insurance contract in your hand. There are different types of fire insurance policies you can choose
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Objectives of Insurance Insurance is the legal agreement between an insurance company and the individual or a business in which a business pays some sum of money periodically and in return it gets the assurance of protection of its property from any unforeseen events. The following are the main objectives of insurance. Provide Financial Security
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It is sure that our lives as human beings are surrounded by different types of unexpected risks daily. To mitigate the risks from such unexpected events, insurance has become an important tool for us. Let’s understand, what it is, its components, importance, benefits, and types. What is Insurance? Insurance is a contract between two parties,
What is Insurance? Definition, Types, Principles, Essentials, and Benefits Read More »