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      Life Insurance: Assurance And Investment

      Sunday, April 13th, 2014 Amritesh no responses

      Life Insurance is assurance by the Insurer that upon the demise of the insured person the claim amount as per the contract or agreement will be paid to the nominee of the Insurance holder in exchange of the premium paid by the insurer for the same. The payment of premium can be on the monthly, quarterly, yearly basis depending on the terms agreed upon. There are various types of Insurance policies in the market which not only provide Life cover but also provide additional benefits such as Accidental and Disability benefits. Life Insurance is very essential for every individual as you are not aware about the future shortcomings. Moreover you have responsibilities and obligations to fulfill which make insurance even…

      Savings, Investments And Insurance

      Sunday, February 2nd, 2014 Amritesh no responses

      Savings, Investments and Insurance are the terms we often come across and many of us treat is as same. But in reality this is not true. Many of us may feel that the term may look identical but when you look at it carefully you will realize there lies a point of difference. However though, they might mean different in the practical world but their interrelation cannot be ignored. Savings, Investments and Insurance are not only interrelated but they are also interdependent on each other. Savings generally means to save a portion of your earnings to meet your future shortcomings or obligations that may arise. It is generally for meeting short term needs and for specific purpose. Savings do not…