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In this series we will try to explain everything about the insurance industry in India in simple words – the terminology used, how the policies function and the details of the policy which are usually not very easy to understand even for the financially savvy people. It is an attempt which we hope will go a long way in helping the consumer make an informed decision when purchasing an insurance policy.More...

Series – Basics of Insurance Article length – 1275 words               Average time to read – 7 min & 10 secs! How will an insurance company pay my family so much money by collecting only a small amount from me every year? I pay only Rs. 5000 per year for a health insurance and how does the insurance company pay me Rs. 1,50,000 in case I incur such an expense due to hospitalisation? Are these businesses profitable or even sustainable? These are some of the questions which come to ev... [More]
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People in India are still not completely aware of the purpose of a Life Insurance policy even today. Investment hybrid products are sold with insurance cover with attractions like high returns and loyalty additions. Hence a lot of people end up choosing the wrong insurance policy for their needs.More...