How seriously, do we think of insuring our precious lives? Until and unless we face any crisis in our lives we do not feel the importance of ‘Insurance’. MoneyMindz, a Financial Adviser Company brings the necessity of insuring your life by introducing Kuber Mindz, India’s First Interactive Financial Advisor to provide all necessary financial assistance regarding any insurance guidance. This has happened for the time in India that a financial adviser company brought such a unique concept to educate every individual facing challenge in making the correct financial decision. It is an extra-ordinary vision of MoneyMindz.com to introduce such an Interactive Financial Advisor, Kuber Mindz assisting all financial concerns of the required people. Any person having any financial concern can get free online financial guidance from the Smart Financial Advisor, Kuber Mindz.
Insuring your life should be one of the most imperative priorities in life. Life Insurance can be termed as a form of risk management used to handle against the risk of a probable loss. It is defined as the equitable transfer of the risk of a loss, from one entity to another, in exchange for a premium and can be considered as a guaranteed and known small loss to prevent a large devastating loss. An insurer is a company selling the insurance; an insured or policyholder is the person or entity buying the insurance. The insurance is a factor used to determine the amount to be charged for a certain amount of insurance coverage called the premium.[Get Personalized Advice On Life Insurance Visit or Give A Miss Call On 022-62116588 ]
Various types of Insurance for the Individual:
Life insurance provides for your family or some other named beneficiaries on your death. Two general types insurance available are Term Insurance providing coverage only during the term of the policy and pays off only on the insured’s death; whole Life Insurance provides savings as well as insurance and can let the insured collect before death.
This insurance covers the cost of hospitalization, visits to the doctor’s office and prescription medicines. The most useful policies, provided by many employers are those that cover 100 percent of the costs of being hospitalized and 80 percent of the charges for medicine and a doctor’s services. Generally, the policy will contain a deductible amount; the insurer will not make payments until after the deductible amount has been reached. [Get Personalized Advice On Health Insurance Visit or Give A Miss Call On 022-62116588]
A disability policy pays a certain percentage of an employee’s wages (or a fixed sum) weekly or monthly if the employees becomes unable to work through illness or an accident. Premiums are lower for policies with longer waiting periods before payments must be made: a policy that begins to pay a disabled worker within thirty days might cost twice as much as one that defers payment for six months. [Get Personalized Advice On Accident Insurance Visit or Give A Miss Call On 022-62116588]
This particular policy provides insurance for damages or losses due to fire, theft and other named perils. No policy routinely covers all perils. The homeowner must assess his needs by looking to the likely risks in his area- earthquake, hailstorm, flooding and so on. Homeowner’s policies provide for reduced coverage if the property is not insured for at least 80 percent of its replacement costs. In inflationary times, this particular requirement means that the owner must adjust the policy limits upward each year or purchase a rider that automatically adjusts for inflation. [Get Personalized Advice On Home Insurance Visit or Give A Miss Call On 022-62116588]
This is perhaps the most commonly held type of insurance. These policies are required in at least minimum amounts in all states. This typical automobile policy covers liability for bodily injury and property damage, medical payments, damage to or loss of the car itself. [Get Personalized Advice On Auto Insurance Visit or Give A Miss Call On 022-62116588]
Other Liability Insurance:
In this litigious society, a person can be sued for just about anything: a slip on the walk, a harsh and untrue word spoken in anger, an accident on the ball field. A personal liability policy covers many types of these risks and can give coverage in excess of that provided by homeowner’s and automobile insurance.
Benefits of Insurance:
- Financial Security of Life and Assets in case of an unfortunate event.
- Tax Relief by way of deductions from Income, which lowers tax burden.
- Encourages saving and helps in Financial Planning for the future.
- Life Insurance Policies can be used as a security to obtain a loan.
Kuber Mindz, your own smart financial advisor provides you all necessary information regarding insurance plans and policies helping you make the best financial decision. It is a great platform for any individual looking forward to insure his life with best plans and policies but is confused about making the right choice. You can connect with Kuber Mindz without any human interruption at your comfort and get clarity upon any insurance policies queries and concerns. Without wasting time do connect with India’s First Interactive Financial Advisor, Kuber Mindz and get transparency on any financial query making yourself confident in making the right choice.
For more information visit www.moneymindz.com or give a missed call to 022-62116588.