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What Is the Role of IRDAI in Insurance?

September 10, 2024 - by mahikhattak112@gmail.com - Leave a Comment

IRDAI stands for Insurance Regulatory and Development Authority of India. It is the main body that controls and manages all insurance companies in India. IRDAI makes rules to protect customers …

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What Is the Grace Period in Insurance?

September 8, 2024 - by mahikhattak112@gmail.com - Leave a Comment

The grace period is extra time given to you after the premium due date to make your payment. It usually lasts between 15 to 30 days, depending on the insurance …

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What Is Insurance for Freelancers and Self-Employed?

August 28, 2024 - by mahikhattak112@gmail.com - Leave a Comment

Freelancers and self-employed people don’t get employee benefits like health or life insurance. That’s why it’s important for them to buy personal insurance for protection. Freelancers should consider: These plans …

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What Is Artificial Intelligence (AI)?

August 26, 2024 - by mahikhattak112@gmail.com - Leave a Comment

Artificial Intelligence, or AI, means teaching computers to think like humans. It helps machines solve problems, understand language, and even learn from experience. We see AI every day: AI works …

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What Is Surrender Value in Insurance?

August 26, 2024 - by mahikhattak112@gmail.com - Leave a Comment

Surrender value is the amount you get if you decide to stop your insurance policy before it ends. Many people buy long-term plans but sometimes need money urgently or no …

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What Is Property Insurance?

August 19, 2024 - by mahikhattak112@gmail.com - Leave a Comment

Property insurance is like home insurance but covers more than just houses. It protects homes, shops, offices, factories, or any other type of building you own. If your property gets …

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What Is Group Insurance?

August 15, 2024 - by mahikhattak112@gmail.com - Leave a Comment

Group insurance is a single insurance policy that covers a group of people. It is usually offered by companies, schools, or organizations to their employees or members. Group health insurance …

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What Is Insurance Underwriting?

July 29, 2024 - by mahikhattak112@gmail.com - Leave a Comment

Insurance underwriting is the process where the company checks your details before giving you a policy. It helps the insurer understand how risky it is to insure you. For example, …

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What Is Home Insurance?

July 24, 2024 - by mahikhattak112@gmail.com - Leave a Comment

Home insurance protects your house from big losses. If your house catches fire, gets robbed, or is damaged by natural disasters like floods or earthquakes, home insurance helps you recover …

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What Are Bonuses in Life Insurance?

July 22, 2024 - by mahikhattak112@gmail.com - Leave a Comment

Bonuses in life insurance are extra amounts added to your policy by the insurance company. They are given when the company earns a profit and are usually found in participating …

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