Insurance

Insurance

Why Do We Need Insurance Policy?

Insurance is a way of managing risks. When you buy insurance, you transfer the cost of a potential loss to the insurance company in exchange for a fee, known as the premium. Insurance companies invest the funds securely, so it can grow, and pay out when there’s a claim. Insurance helps you: Own a home, because mortgage lenders need to know […]

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Insurance

Understand your insurance policy

An insurance policy is a legally binding contract between the insurer and the policyholder. The contract sets out the terms and conditions under which you agree to pay a premium to the insurance company, and the terms and conditions under which the insurance company agrees to compensate you for loss after an unforeseen event. Making sure you disclose accurately Insurers will usually help […]

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Insurance

Benefits of having life insurance

Not sure if life insurance is worth the investment? Here are 9 reasons to take out a policy. As we age and our family, health and finances change, our need for life insurance changes. Life insurance is there as a financial safety net if you die unexpectedly. The right policy can cover debt like credit […]

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