Insurance

India is currently set on an upward growth trajectory and the recent developments in the insurance sector have contributed to that heavily. Apart from the favorable economic conditions, the biggest reason behind the boom of the insurance industry is the various initiatives the government has taken to improve the economy and the performance of the insurance sector.Here are five developments in the life insurance industry that are significant: Growth in premium INR 4.58 lakh crore was collected as premiums in the financial year 2017-18. This has been one of the most noteworthy developments in the industry. This is a considerable rise as compared to the premium collection of INR 4.18 lakh in the financial year 2016-17. This is an indication that the people of India are now ...

A hectic, stress-filled lifestyle can cause a variety of health issues, be it something as common as diabetes or something big like cancer. But, no matter how big or small the medical issue is, it still needs treatment. This means you need to change your lifestyle and maintain a healthy diet along with the regular intake of your medications. Also, medical costs and hospitalization is not cheap either. Here's where health insurance comes in. If you or your loved one is suffering from an illness or disease the last thing you need is more stress, which is exactly what expensive medication can give you. Having a health insurance has lots of other benefits and the primary one is that you can get a tax deduction when you have a medical insurance plan.Section 80D Every individual or HUF can ...

Many people ask one common question related to life cash value life insurance policies- what is the cash value of a life insurance policy? Cash value life insurance policies are the kind of policies that provide a death benefit to the beneficiary as well as accumulate cash value in another account. So, for a cash value life insurance policy, every time the policyholder pays for the premium, the cost is divided into the death benefit, company fees for coverage, and finally some cash value in an account within the policy. This makes the cash value life insurance premiums quite expensive. Since the cash value goes into a different account that is separate from the death benefit, the beneficiary does not receive the cash value once the policyholder passes away. This cash value is technically ...

In case you have purchased a new bike and are still reluctant to buy a two wheeler insurance, then you should immediately buy one. Because as a motorcycle rider you should take care and show caution every time you are on the road. It is imperative to think about your life, your bike, and the lives of others. Also, a two wheeler insurance is a great way to protect you against loss, if you are in an accident. It will help financially save you and your vehicle from the adverse effects of damages incurred due to an eventuality. But, there are tons of two wheeler insurance companies who offer affordable plans. However, the two wheeler insurance plans from ICICI Lombard is unbeatable. This read will help you understand that how buying insurance from ICICI Lombard can be rewarding.The Advanta...

Insurance policies aren’t something we usually think of as interesting.  What’s interesting about deductibles, monthly premiums, and pages of miniscule fine print?  Well for most of us, not all that much.  But that doesn’t mean that all insurance policies are boring.  Here are 6 unusual insurance policies that you have to see to believe.Holly Madison’s Breasts For $1,000,000 Holly Madison, the reality star of the Girls Next Door and one of Hugh Heffner’s former girlfriends, had her breasts insured for a cool one million dollars.  According to Madison, she took out the bosomy insurance policy to protect her income in case something happened to her “assets”.  And she means it literally – on her Las Vegas production, Peepshow, Madison often appears topless and indeed, would suffer a si...

We all know that life insurance is an important part of any good financial plan. Unless you want your family to pass the hat at your funeral, you need to have life insurance in case something were to happen to you. Life happens, and death happens, and you need to be prepared.But what do you do if you cannot get a regular life insurance policy, due to health or other issues? You may have to get high risk life insurance. The name of the type of policy explains what the insurance covers. It is for people who have a higher risk of dying than others. For example, a 50-year-old male smoker who has high blood pressure is generally going to pay more for life insurance than a 22-year-old healthy female accountant. That is because in this situation, there is much more of a chance that the man wi...

The day of cold calling and hitting up the same customers to purchase more insurance is no longer the best way to sell more insurance. Today, just by using your computer you can find insurance leads without any hassles.Insurance lead providers like Cube Reviews verify as well as examine the companies that sell leads to ensure that you can receive the best quality leads as well as customers that are actually wanting to purchase insurance. Using online leads are an important tool for all insurance agents that wish to make a profit in today’s busy world. You may have purchased leads previously to learn that the list of leads are out of date and you barely sold a few policies as most individuals were no longer interested in purchasing any type of insurance. Purchasing leads without the kn...

Phone insurance, moving insurance, and travel insurance are slowly attracting new customers because people are realizing their importance.  Here are some points that can help you check if you need phone insurance, travel or moving insurance.Secure your travel plans Travel insurance may not be anything new for business travelers, but there are several people around the world who do not know about this type of cover. Travel insurance can prove to be useful in claiming compensations for hotel bills, airline tickets, and other travel expenses, if your trip gets cancelled due to some reasons. It can also be used to claim compensation for medical bills (depending on the policy’s coverage) incurred while traveling. You can get compensation for damage to baggage, and loss of baggage. Some i...

Many companies have also worked in the field of improvement and cemented their seat in insurance market but maximum are still running on the conventional track. The business of the traditional companies is not developed and they are providing the insurance cover with same older fashion.  Normal dilly dallying in the claim cases is obvious there.  If a customer is facing some financial hardships, obviously he/she will not refuse the add on cover of the PPI but the companies also have the moral responsibility to provide all the facilities to their customer as said while selling the product. The fear of refusal of loan application also encourages the customer to buy the PPI policy.  In some of the cases, in last few decades, where misuse of this concept was made by maximum agencies, people sh...