What is Bancassurance? Bancassurance refers to the marketing of insurance products by Banks. Apart from the regular products they offer in deposits, advances and investments, banks also sell insurance products. This is done to increase their fee-based income and to take advantage of their strengths as financial supermarkets. Benefits of Bancassurance Banks have many advantages over insurance […]
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Recent reports indicate that Lloyds Banking Group is challenging the ban on the sale of payment protection insurance. This was introduced to protect millions upon millions of borrowers. A subsequent appeal could delay a ban against the sale of PPI along with credit agreements. The competition watchdog also stated that lenders should wait at most two […]
Burial insurance, also known as death insurance, is a way to make sure your funeral expenses are covered before it happens. This insurance is a way to prepare for the unexpected and ensure that your loved ones are not left responsible. There are many choices when it comes to insurance that covers life and death. It is […]
Student medical coverage is a type of personal medical insurance that’s specifically designed for students at college or university. Students must be at least 18 years old to be eligible for student medical coverage. You can choose from coverage that is low-cost and limited in terms of the terms or more costly and comprehensive. Is student health […]
1. What is life insurance? A life insurance policy is essentially a contract between the insurance company and the insured. The insurance company pays the insured a pre-determined amount. In the event of death, the insurance company will pay the benefit to the beneficiary. 2. Different types of insuranceThere are two types of life insurance. There are two basic types […]
There aren’t many books that explain how to become a subrogation specialist. This article is for people who are interested in a career in subrogation. Although it can seem complicated, one can easily get started in subrogation. There are many companies in the country that specialize on subrogation recovery. Subrogation simply means the pursuit of reimbursement for insurance […]
I get many phone calls from people and companies looking for general liability coverage as an insurance broker. These organizations can be anything from a basic contractor to a full-service daycare. It is not the gamut of these organizations that I am concerned with, at least for this article. Instead, I am concerned about the individuals and/or […]
Life insurance provides financial protection for your loved ones. You can use it to supplement your retirement income, to leave money to your beneficiaries and to support your dependents financially in case of your death. Even if you’re young, healthy, and single, life insurance policies can benefit everyone. Your age, which is like all types of insurance […]
It can be difficult to find the right coverage when there are so many car insurance providers to choose from. We will start by looking at the major players in the game: Allstate and Progressive, Geico, Progressive, and State Farm. They are the largest auto insurance companies in the nation. These companies hold more than 50% of the country’s market share, […]
Car vandalism can be costly. In some cases, your insurance coverage may help you cover the costs. It might not be worthwhile to file a claim depending on the situation. You will be able to make an informed decision about whether your car has been vandalized and what insurance covers it. Many vandalism of vehicles involves broken […]