Insurance Terms

What is Principles of Insurance with Examples, Presentation, PDF?

One of the primary fundamental principles of insurance is to provide financial protection and security towards any uncertainties. Here we are going to look into 7 principles of insurance which together form an insurance contract. These ethics followed by insurance companies are available for reading and understanding it. What is the main principle of insurance? …

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Top 10 – Benefits of Insurance to Individuals, Society, Economy

Most of us just believe that they understand the benefits of insurance policy provided by insurance companies. According to the report and facts, there are only few who actually knows an insurance benefits. Here we will understand how insurance benefits to persons as well as businessman. Benefits of insurance to society and economy along with …

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ULIP Plan – Benefits, Advantages and ULIP Calculator

When you start a job, plans for your future start to take shape. Things like investment options and insurance policies become a part of your daily concerns. While you surely know about different Insurance Plans, Best Term Insurance Plans, Unit Linked Insurance Plan (ULIP Plan) and various schemes to invest in, have you heard about …

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Top 10 – Best Term Insurance Plan in India 2020 | Claim Ratio Comparison

Do you have a question like: How to choose Best Term Insurance Plan in India for 2020? or Which are the best term plans in India for 2020? Then you are going to learn a lot today. Here in this article we will showcase the “Top 10 – Best Term Insurance Plan in India 2020”. …

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IRDA Claim Settlement Ratio 2018-19 for 2020 Life Term Insurance in India

It you are buying Term Insurance or any Life Insurance policies then it’s your primary duty of yours to do some research on Claim Settlement Ratio 2018-19 Term Insurance or Term Plan Claim Settlement Ratio for 2018–19 Life Insurance India. You should get all your answers through IRDA Claim Settlement Ratio. It is the duty …

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What is Home Insurance and Types of Home Insurance

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 coverage and …

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What is Travel Insurance Policy and Travel Insurance Coverage

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 the travel …

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What is Auto Insurance Policy and Types of Auto Insurance

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 financial cover. …

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What is Term Insurance Policy and Types of Term Insurance

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 is very …

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What is Life Insurance Policy and Types of Life Insurance

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 stands on …

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