The claims settlement rate is a very essential part of an insurance company. This ratio provides information on the number of claims paid and the total number of claims received by the insurance company. This index is a measure to evaluate the reliability of an insurance company in the resolution of claims. It is calculated …
Let’s be honest; Paying for car insurance always seems like a burden. Well, you cannot deny that car insurance is not only mandatory in India, but also useful if your vehicle is the victim of an accident or theft. Now that we need to get car insurance, here are some tips and tricks to lower …
Not sure if term income replacement insurance is the right option for you? Let me open the door to facts and ideas. It will erase all your doubts. And you will surely make the right decision. Because when you have the right knowledge about term insurance, you can make things better for yourself and your …
When you have an insurance policy, you may wonder how companies calculate your insurance premiums. You pay insurance premiums for policies that cover your health, including your car, home, life, and other valuables. The amount you pay will depend on your age, the type of coverage you want, the amount of coverage you need, your …
Life insurance is essential for you and your family, but when is the right time to get a policy? Life insurance: It is not always the hottest topic, but it is certainly a must when planning for the future. Life insurance is essential for the long-term protection of your family, as it confirms that your …
It is estimated that more than 70% of the two-wheelers on the road are uninsured. This is mainly because people do not know the benefits of bicycle insurance or forget to renew them in a timely manner. Whatever the reason, if you get caught driving on Indian roads without proper bicycle insurance, you will be …
The insured declared value (IDV) is the maximum insured sum determined by the insurer that is provided in the event of theft or total loss of the vehicle. Basically, IDV is the current market value of the vehicle. If the vehicle is totaled, IDV is the compensation that the insurer pays to the insured. The …
Traditional critical medical insurance or the dreaded medical insurance is an insurance product in which the insurance company pays the insured a lump sum in cash if they are diagnosed with a critical illness or undergo one of the surgeries covered by the medical insurance. Politics. Typical critical illness insurance can include cancer, organ transplants, …