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Insurance Specialists

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Stop1 insurance understands the importance of protecting the things that is valuable to their customers, and therefor endeavors to make shopping for all insurance needs easy. They offer affordable solutions from multiple carriers for automobiles, commercial and business requirements, personal, and home insurance. – PowerPoint PPT presentation

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Title: Insurance Specialists


1
  • Insurance Specialists
  • Published By
  • https//www.stop1insurance.com/

2
  • Having the right kind of
    insurance is central to sound financial planning.
    Some of us may have some form of insurance but
    very few really understand what it is or why one
    must have it. For most Indians insurance is a
    form of investment or a superb tax saving avenue.
    Ask an average person about his/her investments
    and they will proudly mention an insurance
    product as part of their core investments. Of the
    approximately 5 of Indians that are insured the
    proportion of those adequately insured is much
    lower. Very few of the insured view insurance as
    purely that. There is perhaps no other financial
    product that has witnessed such rampant
    mis-selling at the hands of agents who are over
    enthusiastic in selling products linking
    insurance to investment earning them fat
    commissions. Have a look at stop1insurance.com
    for more info on this.

3
  • What is Insurance? Insurance
    is a way of spreading out significant financial
    risk of a person or business entity to a large
    group of individuals or business entities in the
    occurrence of an unfortunate event that is
    predefined. The cost of being insured is the
    monthly or annual compensation paid to the
    insurance company. In the purest form of
    insurance if the predefined event does not occur
    until the period specified the money paid as
    compensation is not retrieved. Insurance is
    effectively a means of spreading risk among a
    pool of people who are insured and lighten their
    financial burden in the event of a shock. You may
    want to check out insurance for more.

4
  • Insured and Insurer-When you seek
    protection against financial risk and make a
    contract with an insurance provider you become
    the insured and the insurance company becomes
    your insurer. Sum assured. In Life Insurance this
    is the amount of money the insurer promises to
    pay when the insured dies before the predefined
    time. This does not include bonuses added in case
    of non-term insurance. In non-life insurance this
    guaranteed amount may be called as Insurance
    Cover.
  • Premium-For the protection against
    financial risk an insurer provides, the insured
    must pay compensation. This is known as premium.
    They may be paid annually, quarterly, monthly or
    as decided in the contract. Total amount of
    premiums paid is several times lesser than the
    insurance cover or it wouldn't make much sense to
    seek insurance at all. Factors that determine
    premium are the cover, number of years for which
    insurance is sought, age of the insured
    (individual, vehicle, etc), to name a few. I
    strongly suggest you to visit stop1insurance to
    learn more about this.

5
  • Nominee-The
    beneficiary who is specified by the insured to
    receive the sum assured and other benefits, if
    any is the nominee. In case of life insurance it
    must be another person apart from the insured.
    Policy term, the number of years you want
    protection for is the term of policy. Term is
    decided by the insured at the time of purchasing
    the insurance policy. Rider, certain insurance
    policies may offer additional features as add-ons
    apart from the actual cover. These can be availed
    by paying extra premiums. If those features were
    to be bought separately they would be more
    expensive. For instance you could add on a
    personal accident rider with your life insurance.
    If you're looking for more tips, auto insurance
    has it for you.

6
  • Summary
  • Stop1 insurance
    understands the importance of protecting the
    things that is valuable to their customers, and
    therefor endeavors to make shopping for all
    insurance needs easy. They offer affordable
    solutions from multiple carriers for automobiles,
    commercial and business requirements, personal,
    and home insurance.
  • Visit this site to learn more
  • https//www.stop1insurance.com/
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