Insurance Specialists

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• Insurance Specialists
• Published By
• https//www.stop1insurance.com/

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• Having the right kind of
  insurance is central to sound financial planning.
  Some of us may have some form of insurance but
  very few really understand what it is or why one
  must have it. For most Indians insurance is a
  form of investment or a superb tax saving avenue.
  Ask an average person about his/her investments
  and they will proudly mention an insurance
  product as part of their core investments. Of the
  approximately 5 of Indians that are insured the
  proportion of those adequately insured is much
  lower. Very few of the insured view insurance as
  purely that. There is perhaps no other financial
  product that has witnessed such rampant
  mis-selling at the hands of agents who are over
  enthusiastic in selling products linking
  insurance to investment earning them fat
  commissions. Have a look at stop1insurance.com
  for more info on this.

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• What is Insurance? Insurance
  is a way of spreading out significant financial
  risk of a person or business entity to a large
  group of individuals or business entities in the
  occurrence of an unfortunate event that is
  predefined. The cost of being insured is the
  monthly or annual compensation paid to the
  insurance company. In the purest form of
  insurance if the predefined event does not occur
  until the period specified the money paid as
  compensation is not retrieved. Insurance is
  effectively a means of spreading risk among a
  pool of people who are insured and lighten their
  financial burden in the event of a shock. You may
  want to check out insurance for more.

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• Insured and Insurer-When you seek
  protection against financial risk and make a
  contract with an insurance provider you become
  the insured and the insurance company becomes
  your insurer. Sum assured. In Life Insurance this
  is the amount of money the insurer promises to
  pay when the insured dies before the predefined
  time. This does not include bonuses added in case
  of non-term insurance. In non-life insurance this
  guaranteed amount may be called as Insurance
  Cover.
• Premium-For the protection against
  financial risk an insurer provides, the insured
  must pay compensation. This is known as premium.
  They may be paid annually, quarterly, monthly or
  as decided in the contract. Total amount of
  premiums paid is several times lesser than the
  insurance cover or it wouldn't make much sense to
  seek insurance at all. Factors that determine
  premium are the cover, number of years for which
  insurance is sought, age of the insured
  (individual, vehicle, etc), to name a few. I
  strongly suggest you to visit stop1insurance to
  learn more about this.

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• Nominee-The
  beneficiary who is specified by the insured to
  receive the sum assured and other benefits, if
  any is the nominee. In case of life insurance it
  must be another person apart from the insured.
  Policy term, the number of years you want
  protection for is the term of policy. Term is
  decided by the insured at the time of purchasing
  the insurance policy. Rider, certain insurance
  policies may offer additional features as add-ons
  apart from the actual cover. These can be availed
  by paying extra premiums. If those features were
  to be bought separately they would be more
  expensive. For instance you could add on a
  personal accident rider with your life insurance.
  If you're looking for more tips, auto insurance
  has it for you.

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• Summary
• Stop1 insurance
  understands the importance of protecting the
  things that is valuable to their customers, and
  therefor endeavors to make shopping for all
  insurance needs easy. They offer affordable
  solutions from multiple carriers for automobiles,
  commercial and business requirements, personal,
  and home insurance.
• Visit this site to learn more
• https//www.stop1insurance.com/