Insurance FAQ
What is difference between Claims Made insurance form & Occurrence?
. . . and what is the trigger point of a claim? Oh, this is a HUGE difference. On a claims made policy (common on malpractice, errors & ommissions, and directors and officers policies), the insurance company single pays claims that are made during the policy period....
what is difference between ULIPand common insurance scheme?
if we have to invest for child which one of the two is better for a sum of small amount . Way too little to travel on, but a ULIP is still life insurance, and it unsophisticatedly gives flexibility of premium salary. As far as investment goes, it really...
What is Directors and Officers insurance?
What type of insurance is this and why is it needed? previous answer about Key Man insurance is not matching. Key man is life insurance. D & O offer liability insurance for the directors & officers of a company to protect them from shareholder lawsuits claiming that they acted incorrectly in the...
What is disability insurance? should i buy it?
a guy came to our company today and talk about disability insurance, but i'm contained by good condition and athletic. should i have it? If you be hurt and couldn't work, could you pay your bills? If it go on for three months? Or two years? Most people regard...
What is dismissal insurance?
Why is it important and what might it be like if these law didn't exist? Please share your opinions with me, I'm not too clear on how Unemployment works. Thanks contained by advance! : ) unemployment insurance is money taken out of your paycheck when you are working. If you are terminated from your...
What is double indemnity?
Indemnity = to make righteous LOSSES. double Indemenity= to make biddable LOSSES DOUBLY. usually meant to be DAB Double Accident Benefit. but have got different variation in Non Life Insurance too. You're covered regardless of who is liable. A clause in an insurance policy that provides for sum of double the face good...
What is e&o insurance?
Errors and omission Regardless of what kind of business you own, a customer can claim that something you did on their behalf was done incorrectly, and that this error cost them money or cause them harm. This insurance is designed to help cover your defense costs and ultimately the final verdict if you...
What is e-commerce insurance and is it important?
It covers liability in cyberspace. Is it compulsory? It depends on your exposure. If you're a small Mom & Pop shop with a webpage selling your product on dash, maybe not. If you're eBay, you probably stipulation it. Sounds like someone invented a brand new business. No. It is...
what is electronic insurance?
details about electronic insurance There is a company call Electric Insurance. www.electricinsurance.com I would not recommend them as they do not offer local agencies. You'll be stuck next to a 1-800 number. Insurance A contract (policy) in which an individual or entity receive financial protection, or reimbursement, against losses from an insurance company, which...
what is element connected plan of hdfc standard go?
unit connected young star section linked income plan HDFC Standard Life launched its section linked insurance and allowance plans. The company has launch 2 products on the unit-linked platform – HDFC Unit Linked Endowment Plan and HDFC Unit Linked Pension Plan. Through their flexible features the plans can be...
What is ERC Service Group?
That company called and said i owe money on an insurance/accident bill and never recieved any distinguish in the correspondence, they called me a 1 800 871 2183 number, if anyone know something like this company or whoever it is please inform thank you . Oh, you mean DRC. DRC Services Group...
What is existence insurance?
Life insurance is suppose to be used as a protection of income. In case you die, your household is protected from devastation of substantial income loss. But, many insurance companies are selling it as an added source of income or as an investment, which is really is not. Therefore, many family who have...
What is expected by deductible?