Insurance

What is Disability Insurance Policy and Types of Disability Insurance

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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 is higher …

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What is Health Insurance Policy and Types of Health Insurance

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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 jeopardise for …

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Fundamentals of Risk and Insurance: Insurance Basics

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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 group of …

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What is Insurance Policy and Types of Insurance: Insurance Basics

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Insurance Definition: Protecting or safeguarding significant loss is called as Insurance. It is a type of risk protection and wealth management strategy as a part of financial planning for an individual or an organisation. “Insurance companies offering insurance products are termed as Insurance Policy”. In insurance policy insurer can cover cost of potential loss in exchange by …

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Benefits of Wikifinancepedia Partners Program

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Hello Guys! Welcome to WikiFinancepedia (WF) – A website for writers by a passionate writer. We believe to be one from top financial communities assisting all our content writers to achieve their milestones and be successful enough. You by default become “Wikifinancepedia Partner” after publishing your first quality post. We are open to guest publishing articles …

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