Flood insurance denotes the specific insurance coverage against property loss from flooding. The protection offered by most policy covers losses incurred due to some failure at the home itself. However, Flood insurance indemnifies the insured for the loss of property that occurs specifically due to overflowing water bodies or flood. Flood insurance is specifically needed… Read More »
Little is known about a wine taster who insured his nose for $8 million. The man’s name is Ilya Gort, and his nose is so vital to his job at his French vineyard that Lloyd’s of London wrote an insurance policy protecting him should he lose either his nose or his sense of smell!
Are you a proud and careful parent? It’s a simple question to answer. The fact that you are reading this article is proof in itself. Not every parent is serious about the distant future of the child as planning is only visible in their intent and not action. The reason you cannot turn a blind… Read More »
As per Delhi government, 6.5% houses in Delhi have high damage risk and 85.5% have moderate damage risk (going by the Vulnerability Atlas of India (1997), in the event of an earthquake of intensity 8). If an earthquake similar to one that struck Japan, struck Delhi, as per the experts the devastation will be unimaginable.
Are we personally capable to financially withstand if our property were to be hit by a Tsunami like Japan. The Recent Japanese earthquake & Tsunami loss is estimated at $309 billion. The numbers would be mind boggling if we convert to Indian currency!
When you pay the premium for this plan, part of the premium amount goes towards paying for the life cover. Remaining part of the premium is invested in various instruments either debt or equities. However this portion is quite small, as the insurance companies tend to deduct premium allocation charges upfront. These charges are meant… Read More »
Is there any way you can cover your whole family under a single policy? Yes, opt for floater health insurance cover. It is a health insurance cover that provides cover to your entire family in case of any eventuality when the policy is in force. This policy covers medical expenses that you have to bear… Read More »
Money back endowment plans for instance, tell you roughly how much you can expect and at what age (of the child) the money will be due. With money back policies, your child would receive fixed portions of the sum assured at regular intervals. On maturity, your child receives the balance sum assured, if any, plus… Read More »
2010 was a challenging year for insurance sector. Apart from IRDA versus SEBI fight on ULIP, the insurance amendment bill faced opposition from many political parties. 2010 also saw protests by All India Insurance Employees on the Government’s plan to increase the cap on foreign direct investment in insurance sector.
What benefit would Ajay get out of reviving an old policy? For one, he would get the benefit of having to pay regular premiums calculated when he was 28 – which would be less than the premium for a similar, new policy taken at the age of 32. Secondly, he will continue to get all… Read More »