Month: May 2022

What is the Insurance Companies business model? Insurance Companies ।। How do Insurance Company make money?

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 …

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How do insurance companies make money? Insurance Money ।। Life Insurance।। Insurance Company.

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 …

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How to get bank Loan? Bank Loan । । Bank Loan Money.

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 …

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How does a bank loan work? Bank Loan ।। How to get Loan??

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 …

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Why is Car Insurance so high in the United States? Car Insurance ।। United States Car Insurance.

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 …

Why is Car Insurance so high in the United States? Car Insurance ।। United States Car Insurance. Read More »

What is the average cost of auto insurance? Car Insurance।। Car Insurance Money.

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 »