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Showing posts from December, 2020

Do you know how the insurance started?

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  I think the word ‘insurance’ might be the breakup word from ‘assurance’ which assures about your future money. In a way, insurance acts as an investment for future untoward situations for which start paying monthly money earlier. It is considered as a protection against financial damage towards any emergency or any unforeseen loss. Nowadays, consumers are aware of insurance and most people have realized its importance. Also, there are several insurance companies that have come up with user-friendly insurance policies for their customers. However, earlier, the situation was different. You might be astonished to know that insurance has a vast history that explains its origin. The history of insurance traces a few years back to the start of modern businesses. Earlier, when the barter system was prevalent, it has a different story wherein community help was popular. People used to help each other. However, later when people started to visit neighboring villages or cities, it posse...

Do you know how many types of insurance are there for you?

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We bring you the list:  Insurance has always been the subject of curiosity for new policyholders. The knowledge of the insurance sector has been shared from generation to generation. The history of insurance can be traced back to the 1900s wherein people used it for their long voyages and products. The danger of storms, floods, and thefts compelled them to take insurance covers against their damages. Gradually, they understood the deeper meaning of insurance which was later used for several other purposes. Today, we reveal the different types of insurances for your benefits and how they are advantageous for you.  The three major types of insurance are life, health, and general insurance which help us in securing our assets. Life is the primary insurance which a person covers towards the risk of life. There are many sub-policies plans under life insurance which includes benefits for you during your tenure, after your life to your family, and even pension plans after retirement...

Health is Priority

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  Although hopes of vaccine are underway, we are still reeling under the cascading shadow of the COVID 19 pandemic. We have certainly learned lessons by going frugal and avoiding the wastage of crucial resources. Although people have become conscious of the pandemic, we need to prepare ourselves in case of any situation. Most of the lifestyle diseases have come up recently which needs our attention. Instead of depending on real-time for money, planning for the future is always a sensible idea. Insurance companies have come with several products that offer COVID cover to their buyers.  Insurance Regulatory And Development Authority of India (IRDAI) has come up with several Corona related policies making it mandatory for the insurance companies to sell it. Instead of spreading panic in a pandemic, spreading awareness regarding friendly policies can really be helpful. People can check for a policy that offers huge cover while paying the premiums on time. Being prepared for the fu...