Archive for the ‘Insurance’ Category
Homeowner’s Insurance - Factors To Consider
December 30th, 2009
Mukesh Dedhia
It is extremely common these days to have homeowner’s insurance on your house. For starters, this is great because your house and all of your belongings will be covered in case of a terrible disaster. If you have pets, then the insurance will cover any situation if your pet tries to bite someone. One of the great things about insurance is that it will protect other individuals that come to your property in case of a negligent accident.
What Kind Of Insurance Is Right For You?
Motor Car Insurance- Demystified-Private Cars
December 2nd, 2009
Mukesh Dedhia
All of us having motor vehicles have to go through the yearly ritual of buying Insurance on our car; Motor insurance as the market calls it. This article tries to demystify the jargon and processes involved in General Insurance.
The basic jargon:
Insured – Owner of the private car
Insurer – The Insurance Company
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Live life on your own terms, but plan it right with pure-risk insurance cover
July 28th, 2009
Mukesh Dedhia
THERE exists a small, but smart, lot of insurance buyers that subscribe to pure risk, term insurance products . These products are non-participating in nature, meaning there is no investment component in them; the buyer gets nothing on maturity and they provide only a death benefit. The crux here is purchasing a bigger sum insured at a relatively small amount of premium. For those who need to buy a term life insurance for themselves, there is good news. Thanks to competition in the life insurance vertical and rising life expectancy , the premium payable on term insurance plans has gone down. Buy term and invest the rest is a mantra in many developed insurance markets. However, there are a few things you have to keep in mind while purchasing a pure risk plan. Here are they:
Are Money Back Policies productive?
June 16th, 2009
Mukesh Dedhia
Save a little money each month and at the end of the year, you will be surprised at how little you have’ – Ernest Haskins Confused??? Aren’t you….. Time and again, financial advisors have propagated the rewards one can reap by saving little by little. And here, we are contemplating otherwise!!! Well, you need not be Ernest Haskins to believe the truth behind this aphorism. Simply analyse the returns likely to accrue from the money back (insurance) policy you have invested in, and the above adage would flash like a golden truth, literally.
Money back policies are one of the most traditional insurance cum investment policies and have been widely promoted and distributed by the insurance companies. Unlike a regular endowment plan, where the policy amount (sum assured) is receivable either on death or at the end of the policy term, money back policies ensure that the survivor receives a certain percentage of sum assured regularly during the term of the policy. This ensures periodic cash inflows in the hands of the survivor to meet various financial needs that might crop up with time.
Rising life expectancy to help lower insurance premium
June 9th, 2009
Mukesh Dedhia
Life insurance premium rates are likely to drop over the next few months owing to longer life expectancy, with a new mortality and morbidity table expected to be in place by the fourth quarter of 2009 to replace the current one, which is of 1994-96 vintage.
The new rates will include the claim experience of individual companies and will be based on 2006-08 data.