Tuesday, 26 April 2011

National Insurance Information 2011

National Insurance

Definition
Government operated social security scheme that provides income loss, maternity, and sickness benefits, and retirement pension, to the working population. National insurance is funded by regular contributions (based on wage or salary level) by both employees and employers, and by government through taxation.

National Insurance

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Automobile Insurance Information 2011

The Meaning of Auto Insurance Leads and What It Can Do For You

You came across a title that says, “Auto insurance leads lead you to success”. Consulting your dictionary, leads gives you a definition such as: it is a metal or it refers to someone who has outstanding performance or someone who directs and guides a group. Unrelated? Wait a minute. If it does not make sense to you, give us a minute to make the connection.

Auto insurance leads are visitors of an auto insurance website who showed interest in auto insurance. In other word, lead is a prospect.

Not everyone knows the technology of getting massive leads in a very short period of time. Well, it is not a requisite of pursuing masters in the study of insurance. Nevertheless, it plays a vital part in growing your business.

Knowing to play the game of scooping these leads is as complicated as learning about creating your website, driving traffic to your website through mastery of the so called search engine optimization.

Now, you are more confused than before you started reading. The good news is that you do not really need to understand all the jargon. Simply visit LeadsBucket.com and know how you can get leads that are stored for you. It is as simple as making few clicks.

Automobile Insurance

Auto Insurance

Auto Insurance 101

Monday, 25 April 2011

Insurance Quote Information 2011

The Definition of an Insurance Quote

Consumers purchase insurance policies to protect themselves against a loss. Policies may be purchased to pay for damage to a home or car, for medical expenses, or for loss of life. Insurance agents provide insurance policy quotes to potential customers to disclose the costs and terms of purchasing an insurance policy from their respective company. In most cases, the higher the risk of loss, the higher the cost of the insurance.

Insurance Quote

Insurance Quotes Online

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Travel Insurance Information 2011

What Is the Meaning of Travel Insurance?

While you may consider many types of insurance as essential, travel insurance is most likely not on your list. You may not be sure of the meaning of travel insurance and even if you are, you might think it is only for long trips or far away destinations. However, taking stock of things that can happen during the course of even a short trip may make spending a little time investigating travel insurance a wise choice.

The Facts

Travel insurance, just like any other type of insurance, is a tool for managing risk. Purchasing it for a trip or vacation provides "what if" protections for anything from losing your luggage to acts of terrorism occurring at your destination. While in some cases, you may be correct in thinking an existing health or homeowner's insurance policy will be sufficient to cover anything that may happen during your trip or vacation, travel insurance provides an extra layer of protection that turns what you think into what you know.

Types

Four general categories of travel insurance exist, each with a variety of coverage options. These include trip, property, health and life. Trip insurance protects against the possibility of cancellations, interruptions, delays, missed connections, acts of terrorism occurring at your destination or your tour operator filing bankruptcy after taking your money but before you get to take your vacation. Property protection involves the delay or loss of your luggage as well as rental car protection. Travel health insurance covers the cost of care for a health or dental emergency, or evacuation to a treatment facility; and can provide a special form of coverage if you have a pre-existing health condition. Life protections cover an accidental death while on your trip, in an airplane or on a cruise ship.

Availability/Cost

If you travel as part of a group, the travel company or tour guide may be able to provide travel insurance packages. Alternately, you can purchase travel insurance through a private insurance company or online agency. Before choosing an agent or company, however, verify they have a license to sell insurance in your state. You should also check with the Better Business Bureau or an insurance rating agency such as ambest.com to verify the company has a good reputation. Package costs depend on the type and amount of coverage but according to the U.S. Travel Insurance Association, generally run between four and eight percent of the cost of your trip. If your vacation package costs $2,500, this means a cost of about $100 to $200.

Considerations

Before purchasing any type of travel insurance, check your current homeowner and health insurance policies to see whether they provide any level of coverage and if so how much, especially if you will be traveling abroad. Assess your needs and then purchase only the amount of travel insurance you really need.

Travel Insurance

Travel Insurance

Travel insurance

Life Insurance Information 2011

Exact Meaning Of Life Insurance

Importance of Life Insurance Claims ‘What comes to mind when you hear the word ‘insurance’? Investment, Tax rebate, Savings or Security?! Insurance for the masses is a means of investment or a long-term saving mechanism.

Life insurance is meant to replace the loss of earned income on the death of the breadwinner. An individual may insure to protect the education or marriage plans of his children or to offset a home loan liability on his untimely death.

Every vehicle on the road is covered by motor insurance, as it is a mandatory requirement. Unfortunately, not all earning lives are insured and a natural calamity / catastrophe could make many families destitute even today. In a country where insurance awareness is low, if the insured’s family does not get the benefit of insurance on the death of the breadwinner, the faith in the insurer and insurance is lost.

Repudiation or rejection of claims is a big letdown for the customer, distributor and the company. If we analyse the rejected claims data, the major cause of claims rejection is non-disclosure of existing health impairments by the policyholder at the proposal stage. The other reasons for claims rejection are claims on lapsed policies, or claims where exclusions hold good. It should be our joint endeavour to educate customers about the consequences of non-disclosure in a life insurance policy to avoid repudiation at a later stage. A claim can be made only on a policy in force. No risk is covered under lapsed policies.

It is also important to guide the claimant to file a claim in case of a contingency. The following documents are required for more efficient claim processing: Claim form Policy document Few relevant documents based on the cause of death, sum at risk and the ageing of the policy (For more details please log on to our website or the Claims section in Intranet) The regulator has provided a time frame of 30 days for taking a decision on a claim on receipt of the final requirement. If an investigation is required, the insurer is allowed a period of 180 days to investigate and process the claim.

Friends, let’s work together to ensure that every policy is issued on the basis of correct information and encourage customers to make all disclosures. This will ensure smooth processing and expeditious settlement of claims.

Claim benefit is the essence and purpose of a life insurance policy. Let’s work towards making it a moment of truth for our policyholders. Contributed by the Claims TeamWrite your abstract here.

Life Insurance

Life Insurance 101

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Health Insurance Information 2011

Health Insurance

Definition

Insurance against loss by illness or bodily injury. Health insurance provides coverage for medicine, visits to the doctor or emergency room, hospital stays and other medical expenses. Policies differ in what they cover, the size of the deductible and/or co-payment, limits of coverage and the options for treatment available to the policyholder. Health insurance can be directly purchased by an individual, or it may be provided through an employer. Medicare and Medicaid are programs which provide health insurance to elderly, disabled, or un-insured individuals. There are a number of companies which provide private health insurance, including Blue Cross, United Healthcare, or Aetna.

Health Insurance

Health Insurance- Billy Mays- iCan Commercial

Health Insurance

Sunday, 24 April 2011

Car Insurance Information 2011

What Is the Definition of Car Insurance?

Overview

Car insurance is required by law in almost every state, and provides a great benefit to consumers. Insurance is a system where auto owners pay premiums to an insurer in exchange for a promise that in the event that their car is damaged, the company will then provide restitution.

Definition

Car, or auto, insurance is basically a contract that is entered into between the insured (insurance purchaser) and the insurer (company) wherein the insured pays money for a policy that will provide protection against financial losses in the event that the insured individual's car is damaged. There are many different types of insurance coverage, and the level of protection that is purchased is a matter of personal preference. Most states have laws requiring that motorists carry a minimal amount of liability coverage that will pay for damages to other parties in the event of a collision.

Types

There are myriad different levels of insurance coverage that are available to consumers. Which policies you choose to carry is a matter of your budget, personal preferences and individual financial situation. Liability coverage is the most basic type of car insurance and is required by law in most states. This policy will pay for damages to other parties, but doesn't pay for personal losses. Collision coverage pays for repair or replacement of your vehicle if it is damaged in a collision. Comprehensive coverage, in contrast, will pay in cases where damages occurred in a non-collision incident, such as theft, vandalism, flood or fire. Lenders require auto owners to pay for both collision and comprehensive coverage throughout the term of the loan, until the car is paid in full

Considerations

Finding affordable auto insurance is much easier now than ever before, primarily because of the ease of accessing information via the Internet. There are many websites that can provide instant quotes for insurance rates based on your personal information. Some also provide side by side comparisons and reviews of different insurance providers. You will have to assess your financial situation to determine what kind of policy is right for you. If your car is paid off in full, you have a choice of whether or not to carry collision and comprehensive insurance. If you choose not to, you will be fully responsible for any damages, up to the cost of replacing your car. If you are in a financial position where you could comfortably purchase a new car, or your car is worth a very small amount, you might consider dropping these policies.

Benefits

Carrying car insurance can help protect you against unexpected losses. If you depend on your car as your sole means of transportation, and could not comfortably purchase another vehicle, it is vital to carry both comprehensive and collision coverage. Many consumers drop comprehensive coverage after the car is paid off in full, mistakenly assuming that their collision policy will cover anything that happens. This is not the case. For example, if your car is stolen and is not recovered, collision coverage does not offer you any restitution. You can also purchase uninsured motorist coverage (UMI) to provide further protection. UMI will help to pay for damages to your car, as well as medical bills, in the event that you are involved in an accident with a driver who is not carrying insurance, or who has an insufficient amount of coverage to pay for your bills.

Deductibles

When you purchase an auto insurance policy, you will have to decide on a deductible level. The lower the deductible, the higher your premiums (payments) will be. A deductible is the amount that the insured will pay on a claim before insurance begins paying. Most insurers offer deductibles of $200 to $1000, although some policies offer $2,000 options. For example, if you choose a policy with a $500 deductible, and damages to your car are $1,000, you will pay the first $500 after which your insurance picks up the rest. In this case, the insurer would pay $500. Your deductible should be an amount that you would be able to comfortably pay to fix your car in the event of an accident.

Car Insurance