Category Archives: Insurance & Tax

Affordable Health Care Insurance Policy Basic Guidelines You Need To Know Before Buying One

There are many companies out there offering affordable health care insurance policies to anyone looking for one. To avoid falling into trap of any of these companies unfavorable terms and conditions, you need to take control before buying any of these health insurance products.

Be In Control When Choosing Your Health Insurance

If you are searching for an affordable health care insurance policy, try to be always in control. When looking for a company to provide a comprehensive and reliable health care insurance that provides the best medical coverage, the best thing for you to do is to shop around first, compare the quotes of different companies and make a point to interview the insurance agents thoroughly. This will help to ensure that you acquire the best health insurance policy that fits your requirement.

Why Choose One Slowly

In these very competitive health care industries, many medical care insurance companies compete against one another by offering very irresistible and attractive health care insurance products. As a result, you do not need to grab the first health insurance product that come along your way which you think is good. Below are a few basic guidelines that may be useful for you to follow before selecting any health care insurance policy.

What Are The Basic Guidelines You Should Be Aware Of

Firstly

Read closely all the fine print of the insurance policy in order to understand every details of the policy offered by the company. In addition, you should also check the credibility of the health care insurance company by enquiring the insurance commission office in your state. From the enquiry, you could know whether there are any complaints made against the insurance company. Secondly

If your goal is to save as much on the premiums, then you could start a HAS (Health Saving Account) with the health care insurer. This account is tax exempted and could be used to pay for your medical expenses. On the other hand, also avoid falling prey to high deductible, low premium health care policies. No doubt these policies can help you save on your monthly premium, but at the time when you seek medical attention, the costs incurred could be higher.

In addition, you should also choose an affordable health care insurance policy inclusive of disability insurance. This specific feature is beneficial especially in the case when you are serious injured and became unable to work productively and properly. Normally, Group health care insurance includes this feature and individual health insurances are starting to offer this too.

Lastly

Many people are discouraged by the high cost of individual health care insurance policies. They are normally more expensive then group insurance product because they are not subsidized. If you are self-employed, there is more reason for you to get one to ensure your medical expenses can be kept low in times of seeking medical attention. However, by following the above guidelines closely, you are still able to find the affordable health care insurance option that you are looking for.


Irda Bans Credit Default Insurance

Credit Insurance Plans have been put into a complete ban by IRDA as it was being practiced rampantly by some non-life insurers. Credit Insurance is a kind of cover or guarantee to the lender against payment default by borrowers. IRDA has ordered all general insurers to stop selling credit insurance plans until any further detailed notice is issued by them in this regard.

Since only a smallish number of loans carry credit risk protection, the decision is unlikely to increase the total credit risk of banks. The Authority has also asked for details of total exposure of the insurer under the credit insurance plans issued by them to the banks offering credit facility to the debtors. The credit insurance that is being marketed by the several insurers is better termed as credit default insurance. Its basically a security cover which provides protection to the borrower of a loan against the inability to repay the loan.

A recent case of credit insurance cover which resulted in a claim is that of the state-owned insurer Oriental Insurance Company selling such a cover to Paramount Airlines. The insurer provided cover to the airlines lenders from different branches to the tune of INR 200 crores. Several state-owned lenders have an exposure to the company, which along with other troubled airlines are trying to restructure its debt.

Recently, some scam also came into limelight wherein unscrupulous brokers were conniving with borrowers. The broker armed with a letter from a international reinsurer saying it is willing to provide reinsurance underwriting support, along with the borrower would approach an insurance company for credit insurance cover. Reinsurance support is similar to loan syndication where deep-pocketed underwriters share the credit risk. When there used to be a claim, the insurance company discovered there were problems with the technicalities in the contract which allowed the international reinsurer to escape liability and the local insurer was left with the claim.

When compared, credit insurance is quite similar to credit default swaps which earlier brought down the international insurer AIG. Get more info and also compare insurance quotes.


Benefits Of Jewellery Insurance

Every household family in India carries gold and diamonds in form of jewellery or as a solid brick to make an investment. Probably apart from house, this is the second most precious thing in a family. Hence, to safeguard requires is Jewellery Insurance. Many people may take it as vague idea, but yes it not only gives safety but also helps in covering loss in event of any unfortunate circumstance. Jewellery insurance is not been covered by all insurance companies but a select few with the fine terms which needs to be read before declaring value and making jewellery insured.

The first and foremost benefit is of course the safety part. If a household carries jewellery worth Rs. 5 Lakh and a special occasion like marriage is due in family, its advisable to protect one from unforeseen circumstance by going in for jewellery insurance.

The process of obtaining insurance on jewellery starts with furnishing of invoice of the jewellery to the insurance company. The Insurance company then carries on valuation of jewellery by the empanelled jewellers. Once formalities done, the insurance company determine the Insured declared value. Next, comes reading and signing the declaration. Its vital to read the terms carefully as historically over 25% of the claims gets rejected in India due to faulty insurance policy or unawareness by signing on the consent form without reading the terms and conditions. It leads to not only loss in premium but also give one hassles and mental agony at the claim process. Its also advisable to take couple of snaps of the jewellery for your own record too while making them insured.

Do not follow with that insurance company which offers only the lowest premium but check the past track record in terms of claims and the service levels. Never get carried away with the low premium, there could be wide differences in the premium and claim service levels. Always, have a comparative view in respect to the multiple insurance companies and choose one which you feel is the best in service levels and claim track record.

Also, one may too get a valuation done of the jewellery through his own jeweller before going in for the insurance. As these jewellers are in this business, its best to take there advise and gives it weight for choosing insurance on the gold ornaments. Remember, insurance could act as slight expense in the beginning but it prevents one from a casualty. Take a positive side and have a peace of mind.


Middle East Companies List Of Insurance Companies In Middle East

Now, Middle East is not famous for its ancient arts like Egypt pyramid, Dubai construction and life style. But now, this is growing place in every area like education, night life style, technology and import export. There are lots of companies around the Middle East in different field.

Al Ahlia Cooperative Insurance Company: This Company is established in 2007 with 200 employees. Former company name was Egyptian Saudi National Mutual Insurance Company. Company provides all classes of Islamic non-life insurance and reinsurance includes medical, property, auto, personal, commercial. This company underwent to IPO that offered 40% of its shares raise SAR40 million on Saudi stock exchange. Its physical address Al Ahlia Insurance Building, Abdulrahman Bin Shakran Street, Al Malaz Area, P.O. Box 939, Riyadh 11312, Saudi Arabia with telephone 966 1-472-6666 and its official website is www.alahlia.com.sa .

Middle East Insurance Company: This is second oldest Jordanian Insurance Company and established at 1962. in 1988, this was merged with French Insurance Co. as a result U.A.P acquired 20% shares. It has office in Amman and 13 branches in capital and major city of Jordan. Company provides insurance related to life & health, auto, property, marine, engineering and aviation. Its official address is Middle East Insurance CO. Um-Uthanina , Al-Kindi street, P.O. Box 1802 Amman 11118 , Jordan with telephone number 009626 5527100 and official website .

Al Fujairah National Insurance Co: this is national company of UAE with public share holding company. This is established in 1976 patronage of the Ruler of Fujairah emirate. It has network branches in cities of UAE like Abu Dhabi, Dubai. Company provides insurance in automobile, aviation, liability
insurances, life & medical, marine, energy, property and miscellaneous.

Arab orient Insurance Company: This Company became part of Al-Futtaim Group in 1982. The company is known among of leaders companies in insurances. The company is certified with ISO 9001 Quality Management Certification. Company provides commercial and personal insurances
like property, liability, engineering, marine, money, medical, travel, motor insurance.

Oman insurances Company: This company is established in 1975 and one of premium insurance company of UAE. This has 10 branches around the Middle East region. The company is awarded by ISO9001:2000 certification. This is awarded with general insurer Award, Training Initiatives Awardm, the Life Insurer Award and Corporate Social Responsiblity Award. Company provides
insurances related to life, health, insurance, engineering, fire & general insurances. Its official address is P.O.Box 5209, Dubai, U.A.E with telephone +971-4-2624000 and official website is .

Visit website for middle east hospital list, top hospital list, middle east insurance companies


Get Apple Iphone 4s Insurance And Can Cover You Mobile From Anything

In the best iphone mobiles there are some apple 4S mobiles that have best features. This mobile is famous in whole word and you can get insurance for your mobile without any kind of tension and cures. You can get Apple iphone 4S insurance online and can get relief from that fears that are in your mind about your mobile. There are different kind of fears are in our life, from big thing to small thing, from high price thing to low coasts thing but we now that because of these things you feel uncomfortable but now there is no need to worry about your mobile. Now you can get Apple iphone 4S insurance and can cover you mobile from anything. First we try to save it from water because it can damage with water. After this we save it from accidental damage because we can get it damage during our ways form one place to other or also in sitting in a place. We can lose by dropping our mobile sometime somewhere. If we success in saving it from their so we can lose it by theft. But now you can get Apple phone 4S insurance and can cover it from any kind of fear and any accident that can take place with your mobile at any time.
There is a best technology that is introduced by this company that is iphone 4. Some people are worried about its mobile screen because they think that this mobile screen is not best and can damage at any time. But it is not so. It is true that it is made of glass that can broke at any time but cant easily. It is endurable and cant damage easily. However, if you are worried about your mobile, now there is no need to worry about. Now you can get cheap iphone 4 phone insurance online that can cover you according to your demands and needs with in cheap rates and this is cheap. There are several companies that can give you cheap iphone 4 phone insurance and also can provide you some info with that you can get cheapest insurance. You can easily get cheap iphone 4 phone insurance online from some experienced companies.
There are several companies with that you can get cheap iphone 4S phone insurance and can save money on getting insurance. This short money that you are spending for mobile insurance it can cover you from great lose. So just get cheap iphone 4S phone insurance and cover your mobile from any kind o incident hat can take place with you at any time. Just get info about some online companies and contact with any one that can give you cheap iphone 4S phone insurance.


Choose The Best Marine Insurance Providers In India Insurance Guide

Marine Insurance, it must be understood covers the loss or damage of ships, cargo, terminals, and any transport or property by which cargo is transferred, acquired, or held between the points of origin and final destination. Its value therefore can easily be understood. It is especially critical for fishing industry for it is extremely unlikely that the sea would not turn choppy and if it so happens which invariably happens there is every likelihood that there would be huge loses both of material and of men. It is here that marine insurance comes handy as it ensures that in case of any such nasty events the loss at least of property would be borne by the insurance companies.

The popularity of marine insurance can be gauged from the fact that today there are a large number of insurance companies that provide marine insurance. However, it is advised that people do a thorough research before opting for the policy of any company. This is an extremely monumental job as there are a number of companies that offer marine insurance so it is difficult to properly research them.

It is here that Jai Insurance Brokers, a highly reputed name in the field of insurance sector, swings into action. It has the list of all such reputed and credible insurance companies that provide marine insurance on its website. All that people have to do is to log on to their website and the list of all the companies along with their terms and conditions would be available to them.

Then again Jai Insurance Brokers also provide online facilities to its clients which spares them from the difficulties of commuting to the office as they can purchase and make payments online. Furthermore the agents of Jai Insurance Brokers are not only extremely courteous but they are also ever willing to go to any length to serve their esteemed customers. The fee that is charged by the company for the services that it provides is also extremely reasonable.

It is the combination of all the above mentioned reasons that has propelled Jai Insurance Brokers on the top slot amongst everyone who might be interested in availing a marine insurance policy and judging by the popularity being enjoyed by the company it can easily be said that coming days would be even better for them.

For more information visit us at


Understanding Your Car Insurance Glossary of Contract Terms

The best way to understand your car insurance policy is to become familiar with some of the terms used in your contract when signing up for a deal. It can be easy to get lost in insurance jargon and end up confused about some of the stipulations of your policy.

The car insurance glossary below lists several terms that you are likely to encounter when reading over your contract.

Cancellation Clause/Cooling off Period

The cancellation clause is an important part of your contract that gives both you and your insurer the right to cancel the policy within a short period of time after it has gone into effect. This period of time is typically around 14 days, so make sure to cancel within this time if you have any issues with the policy. If cancelled within this period, you will not need to provide any reason for why you wanted out of your policy.

Cash Surrender Value

This is the amount of money that you could get back if you cancel your insurance before the year has ended. Your contract will determine how much you can be reimbursed.

Compulsory Excess

A compulsory excess is the amount that you would have to pay if you ever make a claim. Your insurance will cover whatever is left to pay after the compulsory excess. People who are seen as a greater insurance risk will have to pay a higher compulsory excess.

Exclusion

Exclusion refers to some event that your insurer will not cover. You will not be able to make a claim if you receive any damages as a result of this stipulated event.

Geographical/Territorial Limits

These are the limits within which your car insurance will be considered valid. The typical geographical limit for your UK insurance will be within the UK. Take a look at your contract to see if you will be covered in any other countries.

Indemnity

An indemnity simply means that you have been compensated or have received reparation payments. It is when you have returned to the same state that you were in before a loss, after having your damages paid for and repaired.

Insured

This is simply a contract term that refers to the person who is being covered by the policy.

Legal Liability

Legal liability means that it is your responsibility to compensate someone after causing damages.

Partner

“Partner” is a term that may be used in your contract to refer to the person you are living with. They do not have to be married to you to be considered your partner.

Policyholder

This is another term for “insured.”

Proposer

“Proposer” is another term for both “insured” and “policyholder.” It is the person taking out insurance.

Registered Keeper

The register keeper of a vehicle has the responsibility of making sure that the car is licensed and for paying any tickets. The registered keeper, however, does not have to be the owner of the car. They just need to be the person who uses it.


Getting A Look More detailed Look At The Hollard Insurance Group Taking A Look Closer Look At Th

When it comes to investing in insurance policies, it is vital that you understand the firm behind the promise. Each day thousands of people are acquiring insurance coverage, no matter whether it be life insurance, home insurance, automobile insurance, travel insurance or one of the numerous other types of insurances available on the market. You will discover that every day it seems like increasingly more insurance suppliers are popping up. A number of these insurance companies assure less expensive insurance products and easier procedures, but what do you know about their business as well as the policies? When selecting life insurance or any type of insurance for that matter it is vital that you research the firm so that you understand whom you are dealing with. Not only do is it advisable study a businesses details but you should also understand a company’s claims background. In this post we will be looking into the insurance provider, Hollard. The company Hollard are Insurance and Financial Services Providers, owned by the Hollard Group which encompasses The Hollard Insurance Company and The Hollard Life Assurance Company. The Hollard Group is independent and privately owned insurance provider that is based in South Africa with its head office in Johannesburg. It had been incorporated in the year 1980 by the Enthoven family members particularly Robert Enthoven. The family members owns a majority of the shares via The Enthoven Family Trust. The firm has been around for longer than 30 years and specializes in Term and Whole life insurance. This year (2013) at the FIA (Financial Intermediaries Association of South Africa), Hollard was honored the title of ‘Short Term Product Provider of the Year’ in both personal lines and commercial lines categories. Winning this industry award is truly an achievement to be proud of as it is given on the basis of product quality, service quality, relationship quality as well as broker satisfaction. Which financial products does Hollard offer? These are just a few of the basic insurance products which are supplied by Hollard. There are other kinds of insurance products that are available from their partners. Should you be looking for news, Follow the link to get rerouted to a very good webpage! Hollard not just concentrates on providing good financial products to its customers, but in addition gives back via Corporate Social Investments. The Hollard Foundation Trust was founded in 2006 by The Hollard Group as a way to channel both money and time into the advancement of the lives of disadvantaged children. The foundations efforts focus on health, nutrition and education for children between ages 0-9years living in Midvaal, Johannesburg. With more than 30 years in the industry, award winning financial products and a company policy that makes giving back an essential facet of the companies procedures it is not difficult to see why Hollard continues to be among the leaders in its field.


Things to Consider When Looking for Affordable Auto Insurance and Best Auto Insurance Companies

Reliable and affordable auto insurance is hard to find if you dont have enough resources. By that, do you have what it takes to get you a reputable company on your side? Prior to joining different auto insurance companies, you need to understand that various insurance companies offer different rates. Therefore, it will be up to you to decide which insurance company you would like to go for.

There are a number of the best auto insurance tips that will absolutely help you obtain an enviable company that provides outstanding vehicle covers. To begin with, you have to perform a comprehensive research on the different insurance websites and compare some of the quotes provided and how best they will fit your budget, you and your car.

Having done this, you can advance ahead and combine all your policies together so as to earn yourself good discounts with your indemnity company when applying for auto insurance. Shopping around is another surefire way of obtaining a highly regarded insurance company for your car. Also, make sure you engage yourself to insurance companies that you find not only interesting but also provide affordable auto insurance to all its consumers.

Raising all your deductibles is also another positive way of getting yourself good car insurance since you will significantly lessen most of your premiums. If then again you have some troubles in obtaining the type of company that best fits you, then you can instead look for some help from an insurance broker who will in turn let you know of what companies have good rates in offers.

But most vital of all is to have a good understanding of what kind of cover you would want and that must be agree with the laws of the state that you reside. In fact, there are so many profitable discounts in offer from most insurance companies providing auto insurance, it will be up to you to choose the one that you find more comfortable with.

And if you are one of those individuals who regularly go for cover quotes through the Internet, then it is greatly believed that falling for a highly regarded company will be incredibly undemanding. Internet is one of the best ways of finding the best auto insurance and affordable auto insurance company. By that, searching insurance company will become handy if you know how to access the Internet and you can do this at the comfort of your home or at the office.


Insurance Rockville Md

In line with a brand new analysis of the nation’s ten largest states, Florida ranked highest in terms of the average price for group Florida wellness insurance coverage premiums for loved ones coverage. Final year, the cost of family coverage in Florida per employee averaged $15,032 as outlined by the federal Agency for Healthcare Study and Top quality in Rockville, Maryland. The state of Ohio, which came in using the least expensive alternatives, only had an typical premium price of $13,083 per employee.

If you are looking to examine person and group coverage plans, your head might be spinning from the numerous alternatives. If you’re looking for the least costly selections, have a look at FL wellness insurance plans that need you to spend for overall health care up to an annual limit. These are known as high-deductible plans, even though the deductible might variety from $500 to $20,000.

Some employers are also enabling workers to choose policies inside a certain variety and contributing for the cost on the insurance, possibly by way of payroll deductions. The high-deductible plans that work with Overall health Savings Accounts typically have premiums so low that small enterprises happen to be capable to not merely continue to provide workers with wellness plan coverage on the job, but to also expand coverage for employee’s families.

Premiums don’t represent the correct price of Florida overall health insurance coverage. After you have spent adequate on overall health care to meet the annual deductible, you may nevertheless possess a co-insurance payment. Some plans with 100-percent co-insurance pay for practically all medical treatment once the deductible has been met. Other plans might have 80-percent or a different percentage of co-insurance.

Fifty-percent co-insurance, one example is, would mean that you are nevertheless accountable for half in the Insurance Rockville Md bills soon after you have met the plan’s deductible. Moreover, some plans could have multiple deductibles or the extent of Homeowners Insurance Frederick Md might not be clear.If a policy specifies a $5,000 deductible, verify whether that is per loved ones member. A couple with two children could end up with a $20,000 annual deductible if each family members member includes a $5,000 deductible prior to their well being care is covered.