Insurance Terms

IRDA Claim Settlement Ratio 2017-2018 for Life Term Insurance in India

4.8 / 5 ( 24 votes ) It you are buying Term Insurance or any Life Insurance policies then it’s your primary duty of yours to do some research on Term Insurance Claim Settlement Ratio or Term Plan Claim Settlement Ratio for 2018 – 2019. You should get all your answers through IRDA Claim Settlement …

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What is Home Insurance and Types of Home Insurance

5 / 5 ( 16 votes ) 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 …

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What is Travel Insurance Policy and Travel Insurance Coverage

5 / 5 ( 16 votes ) 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 …

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What is Auto Insurance Policy and Types of Auto Insurance

5 / 5 ( 16 votes ) 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 …

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What is Term Insurance Policy and Types of Term Insurance

5 / 5 ( 9 votes ) 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 …

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What is Life Insurance Policy and Types of Life Insurance

5 / 5 ( 11 votes ) 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 …

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What is Disability Insurance Policy and Types of Disability Insurance

5 / 5 ( 9 votes ) 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 …

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What is Health Insurance Policy and Types of Health Insurance

5 / 5 ( 9 votes ) 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 …

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What is Insurance Policy and Types of Insurance: Insurance Basics

5 / 5 ( 27 votes ) 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 …

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