Policyholders have a contract with the insurance company to protect them against certain well-defined risks, for which they pay a premium, a regular payment to the insurance company in exchange for the insurance company’s readiness to handle such risks. The risk pooling hypothesis is a theory that underpins insurance. That what is a threat […]

Read More →

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 →

  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 […]

Read More →

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 […]

Read More →