What is Insurance? The term insurance refers to a contract (policy) between two parties wherein the insuring company agrees to provide financial protection or insurance against loss to the individual or entity (the insured or&hellip
Tagged By Insurance
Difference Between Term Insurance And Whole Life Insurance
One of the critical factors to be considered while taking a Life Insurance from any of the insurance service providers is, whether to apply for a Term Insurance or a Whole Life Insurance. One simple&hellip
Benefits of life insurance
The subscription of any individual to a life insurance cover is motivated by the multiple benefits that the subscriber or the policy beneficiaries expect to derive from the scheme at its maturity. Life insurance covers&hellip
How does Health Insurance Work?
What is insurance? Why is insurance necessary? What are the different types of insurance available? These are some of the questions one encounters whenever there is any talk of insurance. Insurance is a risk mitigation&hellip
What is EQECAT?
EQECAT is a company involved in providing insurance and financial-related services for various clients in the field of risk modeling, property and casualty insurance. The basic services of EQECAT helps various businesses have the right&hellip
What Is FDIC?
What Is FDIC? FDIC stands for Federal Deposit Insurance Corporation. It is actually an independent body which was created by the Congress back then in order to insure the money saved by people. It is&hellip
What is PMI Percentage?
What is PMI Percentage? PMI refers to private mortgage insurance and PMI percentage is the rate of insurance required for properties that are acquired by borrowers who may default on the policy. This particular insurance&hellip
What is a NAIC Number?
What is a NAIC Number? NAIC number refers to the number issued by the National Association of Insurance Commissioners to licensed and affiliated insurance companies across the US. The NAIC is a body or organization&hellip
What is SSDI?
What is SSDI? SSDI stands for Social Security Disability Insurance which is a program created to allow disabled people have incomes of their own. This was implemented in the United States and has been a&hellip
What is FDIC Insured?
What is FDIC Insured? FDIC insured refers to the state or condition that you are already entitled to the different rights and privileges of the insurance provider. FDIC refers to the Federal Deposit Insurance Corporation.&hellip
What is Tail Coverage?
What is Tail Coverage? Tail coverage refers to an extension period of insurance coverage for medical malpractice. From the word “tail”, this type of insurance serves as the “tail” or insurance coverage at the end&hellip
What is CIF?
What is CIF? CIF stands for “Cost, Insurance, and Freight” and literally means that the seller, sender, or manufacturer of goods pays for the cost, insurance, and freight expenses. In the shipment of goods, CIF&hellip
What is Coinsurance?
What is Coinsurance? Coinsurance is another type of insurance specifically designed to make sure that the risk is split or spread among multiple parties. The principle of coinsurance is that the insurance company is ensured&hellip
What Is HIPAA?
What Is HIPAA? HIPAA is an acronym for “Health Insurance Portability and Accountability Act” of the United States. Introduced in 1996, HIPAA was put into law to help employees in between jobs to still have&hellip
What Is FICA?
What Is FICA? FICA stands for Federal Insurance Contributions Act. It is a law in the U.S. that requires a certain deduction from an employee’s paycheck for Social Security and for Medicare. Employers deduct a&hellip