Introduction Insurance is a method by which a person who is exposed to potential risk as a result of occurrences beyond his control, passes the financial loss to a third party, in part or in full. The ‘Insured’ is the one who transfers his potential loss, and the ‘Insurer’ is the party who indemnifies or […]
Read More →Introduction Fire hazards are covered by Fire insurance. The fire insurance not only protects losses but also protects from The damages due to fire are reimbursed with the aid of fire insurance and the company does not lose much. The person is safeguarded against such losses and his property, company, or industry remains in […]
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When it comes to the substantial misrepresentation clause, which states that if you willingly hide information from your insurance company regarding your lifestyle or health habits, your claim may be refused, the significance of being honest with your insurance company cannot be overstated. This might include lying about having a dangerous profession, having a […]
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The Car Insurance Policy is a great way to protect yourself and your car. It can help in providing coverage that included provisions for both personal and third-party damages. Car insurance is a policy purchased by vehicle owners to reduce the risks connected with their vehicles in the event of an accident, theft, or third-party […]
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Property insurance, such as fire and burglary insurance, personal insurance such as Accident and Health Insurance, and liability insurance are all based on the Insurance principles. Many people have been left homeless and impoverished as a result of natural disasters such as tsunamis, earthquakes, and cyclones but still are unable to get their claim, ever wondered what is the reason behind it?? Although such losses might be painful, insurance may be able to assist minimize them. […]
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At its core, a life insurance plan coverage is a promise to supply economic safety to your cherished ones if you’re no longer there. Life Insurance is a policy in which those who survive are insured against old age illness, accident, death, etc. It is not a contract indemnity and plays a vital role in […]
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For insurance policyholders, it is essential to know that certain documents are needed for claim settlement. These documents can include a death certificate, FIR’s copy in case of road accidents, as well as and address proof. As per the fastest claim settlement companies such as Hello Policy, these documents are required for a reason. They […]
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You may have observed health insurance policies being available with different values of premiums, says Hello Policy, the company known for the cheapest premium in health insurance. These values can be different due to the factors involved in determining the premium. These factors can include the age of the insured person. In addition, the gender […]
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As a person becomes the holder of a LIC insurance policy, he or she will expect an assured sum when its plan becomes mature. When the maturity date of the policy is nearer, the policyholder is supposed to fill the LIC maturity claim form. The maturity claim or discharge form has to be submitted sometime […]
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Insurance plans for health have become essential in the existing times. However, with the decline in the economic conditions, investing in a high coverage policy may not seem feasible for everyone. When such are the circumstances, turning to cheap premium policies may seem wise. Even then, confusion can arise especially when the premiums are cheap. […]
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