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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...

INSURANCE IN YOUR BUDGET

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  We often hear the word ‘budget’ when it comes to finance. Be it a country’s budget, state’s budget or an individual’s monthly budget, it certainly matters. Individual allocate crucial finances or expenditures in their budget. The monthly budget can vary for each individual. Nowadays, apart from the regular monthly budget, investors are seen focusing on savings, emergency funds and insurance premiums. We can safely say that pandemic has thought us to go frugal, save for essential times and think about the future first. Although our economy is bouncing back, we need to understand that planning for tomorrow is never waste. When we say plan your finances or be prepared for tomorrow, one thing that clicks is insurance.  Insurance  is an assurance or cover against any future damage of assets or untoward circumstances. Paying a monthly premium for future can secure your forthcoming finances. Earlier, insurance was restricted to businesses and its damages. However, later gradua...

TRANSPARENCY IS THE KEY WORD FOR INSURANCE

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  The recent news of Initial Public Offering (IPO) for the Government owned Life   Insurance Corporation of India   (LIC) for disinvestment purposes has been creating waves in the sector. Although, most of the insurance companies have already been listed, the change in the sector did not come so easily. The  insurance sector  was considered a traditional business-like money lending which worked around mutual companies. However, being a public limited company has its own benefits for the sector. Insurance industry has been present around since many years. It started as a damage cover for the loss in businesses in terms of sea voyages, wars and business loss among others. However, gradually over the years, the insurance sector started growing and people understood the crucial need for insurance on valuable goods and services. Later, personal insurance, general insurance, property insurance and general insurance were introduced which helped the sector to grow in le...

HIRE RIGHT HEALTH SERVICES

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  What do you look in a company when you are looking for partnering with them? You might say quality, trust, transparency and professionalism among others. Although you are right, each one has their own expectations. However, look for a company that offers you a complete package. While we working in a   healthcare sector , it is vital to hire a company that gives its full dedication, efficiency, understands the sector thoroughly and provides the work satisfaction. Hiring right partner companies can take you the path of progress while boosting your business for future. The modern world depends more on outsourcing. Every sector has understood that hiring a Third-Party Administrator (TPA) for the insurance sector has been an advantage. These TPAs act as a vital link between the policy holder and insurance companies.  Natus Health Services  Pvt Ltd is one such organization that looks after the benefits of the payor company as well as the customer. Apart from assisting th...

Third Eye View

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  What happens when you feel a treatment is not right or you need some expert help for your work? Yes, you certainly go for ‘ second opinion ’ Second opinion in any field is considered as expert advice who share their knowledge and provide their different view. Any segment or industry nowadays works on this concept. Most of the companies have been hiring third-party companies to lessen their work, increase their efficiency, and augment your business. These third parties or professionals work on your concepts, ideologies, and provide desired results for your companies. You can bank on these companies to get your success formulas.  The insurance sector has been experiencing several makeovers over the years. It has grown in leaps and bounds while contributing majorly to the country’s progress. Even customers have become aware of the crucial-ness of insurance and are seen opting for it. Nowadays, the insurance market has become competitive with several companies coming up with ...