Simply put, insurance companies are a form of organized gambling. If you buy a policy gambling you will need to pay them – whether it is home, car, life or any other risk. They charge a premium for your policy so that they do not collect more premium than they claim. The difference is the …
The world is full of chaos. However, people hate random and bad surprises and prefer to make predictions. Insurance companies help reduce the risk to the entire population and reduce the number of surprises. It reduces the chaos of life and enables us to be less stressed. Let’s take the case of auto insurance which …
The basic parameters that a bank manager considers before approving a loan are character or past financial transactions. They evaluate the credit rating of the borrower through independent agencies like CIBIL and CRISIL or through the bank’s own internal ratings based on financial information. In addition, they evaluate the borrower’s capital or creditworthiness. Finally, qualifications …
How to get bank Loan? Bank Loan । । Bank Loan Money. Read More »
Before we get into how loans work, let’s look at how banks create loans or how banks get money to lend. Banks receive money from four main sources Capital: During and after formation, banks collect money in the form of capital from shareholders. Loans: Banks borrow from other banks, multilateral entities such as IFCs, or …
How does a bank loan work? Bank Loan ।। How to get Loan?? Read More »
In this case, to say “USA” is to say “Europe”, since most matters relating to auto (traffic law, ownership, registration, insurance, etc.) are matters of the individual state, not of the federal. Sarkar remembers my P&C training in the 90’s as a former Progressive and Liberty Mutual Insurance agent trying) I tried to explain it …
The average cost of auto insurance cannot be categorized in any one specific range, as it depends on a variety of factors. Depending on your car, the insurer and the benefits provided, the cost of auto insurance can range from around Rs 2,000 to a good 10,000 or more. Here are some key factors that …
What is the average cost of auto insurance? Car Insurance।। Car Insurance Money. Read More »
The best insurance is a company and policy that suits your needs and charges a competitive premium.You can find one by consulting an independent insurance agent who writes business for a number of insurance companies. He will find the one that is right for you.If you do an online search for car insurance, any of …
Extensive car insurance provides comprehensive coverage to you as well as third parties in case of any loss or damage to your vehicle due to accident, natural disaster, theft, fire, etc. Can customize These add-ons are optional and cost extra. In India, third party cover is mandatory as opposed to comprehensive cover. However, I would …
Well, say your car is worth $ 30,000 and you had an accident. How do you pay for car repairs if you don’t have insurance? Also, if the accident is your fault, you will have to pay for repairs to the other car, house, whatever, and those costs are $ 100,000, then your passengers or …
You may think that the insurance companies will cover the loss in case the person or object is damaged in any way. But the question is where do they get this Life Insurance money from? If you talk about life insurance, it will be clear to you how they do it. Suppose the number of …
All details about Life Insurance।। Life Insurance Money Read More »