Kiran Mehta

A greek, passionate blogger and traveller who loves to travel around the world to enhance knowledge and to share information thru various writings.

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What is Commercial Bank and Services provided by Commercial Banks

5.0 08 Commercial Bank Definition: Commercial Bank provides services like accepting deposits, lending business, auto, home loans and essential investment products for customers like savings accounts, term deposit and many more where bank in exchange compensate interest on investments and deposits. Some of the commercial banks in India are Indian Bank,  Andhra Bank, Punjab National …

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What is Retail Banking and Services provided by Banks to Customers

4.2 10 Retail Banking Definition: Retail Banking is the provision of consumer-oriented services to individual consumers. This does not include services to companies, corporations, entrepreneurs or other banks. Services offered include checking transactions and saving accounts, business debit cards, personal debit cards, international debit cards, business credit cards, personal credit cards, international credit cards, deposit …

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What are the Different Types of Banking and Financial Institutions

5.0 15 There is lot more to banking term than what most of the people recognize. Not all banks are shaped in equal manner or to operate for the same reason with same fundamentals. Since individuals or corporate have diversified needs of finance. “Different types of banking and financial institutions are operated to classify services …

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What are the Different Types of Financial Services Provided by Banks

4.4 25 Economic services provided by bank are known as finance services to a broad range of businesses entities including insurance companies, credit card companies, credit unions companies, personal finance, stock brokerages, investment, accountancy, government companies and many more enterprises. Banking provides number of various different types of financial services to personal customers. Services do …

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What is Bank and Role of Bank in Economic Development and Growth

4.6 27 Bank Definition: A bank being a financial institution creates wealth by deposits. Deposits are created by lending funds either directly or indirectly into market and reclaiming with interests or profits. A role of bank is importance in financial system for any country, they are exceedingly regulated by the central government or national bank. Mainly commercial …

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Different Types of Insurance Policies: Insurance Basics

5.0 15 An Life Insurance, Health Insurance, Disability Insurance, Auto Insurance, Travel Insurance or Property Insurance are not only the types of insurance policies available in the market. However the fact is insurance products are available wherever risk is involved. In today’s world there are number of risks involved and for mostly any type of …

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What is Home Insurance and Types of Home Insurance

5.0 16 Home Insurance Definition: Home insurance is one of the forms of property insurance which protect homeowners from any damages to the home or property estate. Home insurance additionally protect homeowners against any accidents in home or on the property estate. “Basic home insurance policy coverage” includes home structure coverage, personal belongings coverage, liability …

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What is Travel Insurance Policy and Travel Insurance Coverage

5.0 16 Travel Insurance Definition: Travel insurance is an insurance product to protect you from the risk of losses occurred in misfortune events during domestic and international travels. Main purpose of any kind of “Travel Insurance Policy” covered is associated with trip cancellations and medical expenses. Now a day, online ticket booking websites provides you …

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What is Auto Insurance Policy and Types of Auto Insurance

5.0 16 Auto Insurance Definition: Auto insurance an insurance which protect you from the financial losses due to misfortune in case you met with an accident. It is a agreement between vehicle owner and insurance company. Insurance company agrees to pay financial losses due to vehicle collision and in return company charges premium for the …

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4 Key Consideration Clause of a Life Insurance Policy

5.0 17 Are you aware of Consideration Clause of a Life Insurance Policy? Before you take any life insurance policies it become mandatory for an individual or an organisation to check the consideration clauses of a life insurance. It is always advisable to know advantages and disadvantages based on consideration clause of a life insurance rather …

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What is Term Insurance Policy and Types of Term Insurance

5.0 09 Term Insurance Definition: Under this insurance, coverage is for a specified amount of time. Beneficiaries are paid at face value of policy and are protected from any financial losses upon death. Maximum duration for the term insurance is usually 35 years. Term life insurance is most frequently selected policies from life insurance. It …

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What is Life Insurance Policy and Types of Life Insurance

5.0 11 Life Insurance Definition: Life insurance assures financial protection in unforeseen situations. Insurance companies intended to start life insurance to ensure that income of the families are unaffected due to sudden or pre-mature death of the family members. You can avail Life cover for yourself and your family members from personal risk. Life insurance …

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What is Disability Insurance Policy and Types of Disability Insurance

5.0 09 Disability Insurance Definition: Disability Insurance is also known as Income Protection Insurance. Under this insurance insured income is protected in case of insured is disabled for longer period with no productive work. There is one more insurance type which is extremely important to consider beside health insurance.  Assume that probability of temporary disabled …

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What is Health Insurance Policy and Types of Health Insurance

5.0 09 Health Insurance Definition: Health insurance is one the most important types of insurance policy that covers insured with surgical and medical expense. It is highly recommended that everyone should buy it, without health insurance, you or your family member’s illness or accident can wipe all your money and put your financial status into …

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Fundamentals of Risk and Insurance: Insurance Basics

5.0 08 How does Life Insurance work ? Insurance lives up to expectations by pooling risk. It basically implies that a large group of individuals who need to insure against a significant losses by paying premiums which is known as Insurance pool. Probability of real loss occurrence is very less (single digit percentage) from the …

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