Insurance is a contract, represented by a policy, in which an individual or entity receives financial protection or reimbursement against losses from an insurance company. The company pools clients’ risks to make payments more affordable for the insured. Insurance policies are used to hedge against the risk of financial losses, both big and small, that may result from damage to the insured or her property, or from liability for damage or injury caused to a third party. Insurance helps provide a secure financial option to you in case something goes wrong or an unfortunate event takes place that puts a massive financial burden on you that you cannot bear by yourself. Your insurer will then cover the costs for you for which you have been paying him premiums up to the date of the event. Insurance is important as it helps you shed your worries and stress as any untoward incidence is already covered by your insurer and anything that can happen will not hamper your lifestyle or severely impact your financial situation.
Your financial arsenal cannot be a one-trick pony. It needs to be the master of all trades. By that, we mean creating an arsenal with investments of varied risks based on your risk capacity. Why is that needed? You expose yourself to a bad financial future by making risky bets. You can get into financial […]
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One of the largest insurance companies in India is Max Life Insurance Company. To meet the needs of its sizable clientele, it provides a broad selection of insurance products. With a user-friendly website and a variety of insurance products, including term insurance plans, retirement plans, ULIPs, and more, Max Life Insurance is a well-known brand […]
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In the realm of financial planning and security, term insurance plays a crucial role in ensuring that loved ones are financially protected in the event of an unforeseen tragedy. While many often associates term insurance with the primary breadwinner of the family, it is equally important for housewives to have coverage. The financial contributions and […]
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If you’re on the lookout for a reliable investment strategy to help you grow your wealth, look no further! In this comprehensive guide, we unveil the LIC Plan-5 Years Double Money, a compelling investment opportunity offered by the Life Insurance Corporation of India (LIC). This plan comes with unique features and rewards, promising the potential […]
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In the ever-evolving landscape of worker blessings, deciding on the right group health insurance plan to your enterprise is a vital decision that could considerably impact both your enterprise’s achievement and the well-being of your employees. Group medical health insurance, additionally called group medical insurance, is a powerful tool for attracting and preserving top expertise […]
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The Ayushman Bharat Health ID card is indeed considered a game-changer for Indian citizens for several reasons. Ayushman Bharat Health ID Card is a government-initiated initiative to establish unique identity across different healthcare providers within the healthcare ecosystem and link all healthcare benefits ranging from public health programs to insurance achenes. Unified Health Identification: The […]
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A funding winter has hit the Indian startup ecosystem, with investments dropping by 75% in the first quarter of this year. Moreover, the country has not had a single unicorn (a privately owned startup valued at over $1 Billion) yet in 2023. In this scenario, adequate investor funding looks like a distant dream for many […]
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Don’t allow common mistakes to impede your decision-making process when selecting a health insurance plan. In this blog, we will uncover the critical missteps to avoid. By staying vigilant and sidestepping these pitfalls, you can confidently make an informed choice that prioritizes your well-being and safeguards your financial security. With the right knowledge and awareness, […]
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By Lucas Siegel, CEO + Founder of Harbor Life Settlements and Harbor Life Brokerage A life settlement converts your life insurance policy into cash — cash you can use and enjoy while you’re living. Unfortunately, life settlements are often misunderstood or misrepresented. These common misconceptions could prevent you from pursuing an attractive financial strategy, or […]
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No one knows what the future lies. It’s the main reason why active, healthy, and young adults are encouraged to invest in health insurance. Should an unexpected situation take place, a health insurance plan won’t only give them the medical treatment they need immediately but also a financial cushion. Investing in health insurance earlier can […]
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