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 […]

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Introduction With the passing of years, the market has become competitive, as several insurers have begun to emerge in both the life and the non-life sector. It insecure customers and jeopardized their market reputation. Even as the government understood this, it first focused about safeguarding the interests of the consumer and therefore created an independent […]

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  Auto insurance protects you from financial losses after an accident. It is an insurance company contract between you and the insurance company. The insurance provider promises to pay the premium and to reimburse your losses as stated in your policy. TYPES OF AUTO INSURANCE LIABILITY INSURANCE COVERAGE The majority of states have a minimum […]

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  For the next three to five years, the live insurance sector is forecast to expand yearly by 14-15% in the country. The reach of IoT continues to extend beyond the telematics and client risk assessment in the Indian insurance sector. There are now 110+ start-ups in India engaged in InsurTech. In YF21 with 10.11 […]

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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 […]

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  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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Policies with respect to travel insurance are meant to secure your journeys, especially when you are traveling abroad. As you travel to a foreign country, your ticket booking agent will often suggest you to get insured. It is important to understand that insuring your journeys may not be necessary but advisable. At times, risks can […]

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