about insurance

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Reasons for Denial of Insurance Claim

Insurance companies are required by law to act in extreme good faith when selling to you a policy and when dealing with a resultant claim. This means that the insurer or relevant broker should inform you of all the details included in the cover’s small print including what is expected of you and the repercussions …

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Visiting an insurance office

When you decide to buy life insurance you don’t need to actually visit the insurance company’s office. There is no harm in dropping in but before you do so, there is some home work that you would have to do. The first thing to remember is that buying insurance is one of the most important …

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Comparing Insurance Providers

Whenever you want to compare insurance companies, do not just consider the amount you are required to pay on a monthly basis. When it comes to comparing insurance, there are many other things that you also need to look at. Apart from comparing insurance quotes, comparing insurance policies is also critical to get a good …

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Insurance policy structure

Insurance policies have a particular structure and it is good to know what they comprise of. Let’s look at home insurance policies and how they are structured. Insurance policy structure in the past In the early days, most insurance contracts are based on the types of risk and a separate premium is calculated and charged …

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Insurance as a form of risk sharing

Insurance is a very common term used in our day-to-day life. Ideally, insurance is a form of risk management and this is clearly defined in law and economics. It might be hard to digest that insurance falls under risk management but a simple definition of the term will certainly help you to understand this. The …

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The business model of an insurance company

The best part of starting your own insurance agency is the fact that it is not an impossible task and anyone of us with the right spirit can certainly set up their own insurance agency with of course a little basic knowledge of the insurance field. Most of us feel that insurance is a very …

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History of Insurance

Historians believe that the concept of insurance has been around human existence from the time of King Hammurabi. The act of using insurance to spread risk is available in the form of the primary written policy on the Babylonian obelisk with the King Hammurabi code engraved on it. The foremost authenticated insurance contract wherein which …