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Choosing the right insurance, whether for health, life, home, or business, can be complicated. People are often confused by two common terms: insurance agent and insurance broker. Although both help individuals and businesses get insurance policies, there are crucial differences in how they operate and whom they represent Key Points for Differentiation between insurance broker […]
Pradhan Mantri Fasal Bima Yojana (PMFBY) is a crop insurance scheme launched by the Government of India on 18 February 2016 to protect farmers from financial losses caused by crop damage. The main purpose of this scheme is to financially support farmers when their crops fail due to natural problems such as heavy rainfall, drought, […]
In the wake of a plane crash, the immediate focus is on rescue and recovery operations. However, behind the scenes, insurance companies are hard at work managing complex claims and providing financial support to affected parties. Understanding how insurance companies handle aviation disasters can offer valuable insight into what policyholders and stakeholders can expect when […]
Are you confused about the difference between first-party insurance and third-party insurance? Don’t worry—you’re not alone! Understanding insurance can feel overwhelming, but knowing the key differences can help you choose the right coverage for your needs. Let’s break it down in simple terms. What is First-Party Insurance? Think of first-party insurance as protection for you […]
Generally Accepted Accounting Principles (GAAP) are a set of accounting standards, principles, and procedures that organizations in the United States must follow when preparing their financial statements. This framework is essential for ensuring consistency, transparency, and comparability in financial reporting, which is crucial for stakeholders, including investors, regulators, and the general public. In this comprehensive […]
Life insurance is a financial tool designed to provide security and peace of mind to individuals and their families. It offers a safety net that ensures financial stability in the event of the policyholder’s death. This guide delves into the intricacies of life insurance, covering its importance, types, and benefits to help you make informed […]
Understanding the differences between health insurance and life insurance is essential to make informed financial decisions. Both types of insurance serve critical roles in financial planning but cater to distinct needs. Let’s delve deeper into what sets them apart. What is Health Insurance? Health insurance is designed to cover medical expenses, providing financial support during […]
Buying vehicle insurance is a mandatory requirement, whether you own a two wheeler or a four wheeler. This is because the Motor Vehicles Act of 1988 requires all vehicles that operate in public spaces to have an insurance policy. If you’re planning to purchase an insurance policy for your car through Phonepe, this blog will […]
If your life certificate for pensioner, known as Jeevan Pramaan, is expiring soon, you can submit it digitally from the comfort of your home. For getting life certificate online, only a few steps are required. Step 1: Use an android smartphone having internet connectivity and 5 megapixel front camera. Step 2: Keep the Aadhar number […]
