There are a lot of life policies which do not require a physical exam. Some do not even require a health interview. You may wonder how insurers can take the risk of issuing policies like these.When you apply for life insurance, you usually have to answer a lot of health questions. Sometimes you even have to have a special physical so the insurer can make sure you are heathy. You may wonder how insurers can profit if they will accept...more
When setting up life insurance, naturally people hope that a claim will never be needed. However in some cases it is – so we'll take a quick look at the usual requirements a New Zealand life insurer has for assessing a life insurance claim. First, there are several documents that the life insurer will need. We'll take a brief look at each of these:1. First, the insurer will need a copy of the deceased person's Death Certificate....more
When you are looking to acquire a new medical insurance policy it can be challenging to comprehend some of the language that insurance companies use. A lot of companies will make promises through their agents and internet websites yet, the only thing that you actually need to be concerned with are the policy papers that you sign. This is where you are going to identify the truth about what that health insurance is really going to provide you. While a lot of people know enough about medical insurance to learn about how much the co-pay and deductible is on their policy there are also several alternative points which are written into those policy documents that you really need to grasp before you sign.One of the biggest issues that can be a stumbling block somewhere down the road is the pre-authorization requirements of a health insurance plan. Any pre-authorization must be read through completely to make certain that you understand what is required of you as the insured. A number of companies use lack of a pre-authorization as an excuse not to pay and most of the times these will be the more substantial circumstances like when you are admitted to a hospital or have to go to the...more
Migrating or traveling to another country may be a risky decision if you are not covered under an expatriate health insurance. It is true because illness or accidents may occur anytime without any prior notice irrespective of the place and the time. The situation can prove worst if you are home away from home. Landing up in an overseas hospital...more
There are several red-letter days in the life of a life insurance policy, and you had better understand what they are so that you commit no faux pas. Let's learn what to do about each of these dates.Effective dateIf you and your policy make it back to your place alone, you can consider that an effective date.You will probably be surprised to learn...more
1. INTRODUCTIONAs matter of justice one who commits wrong is a wrong doer and he should be held responsible for that wrong. However there are some circumstances where one is held responsible for the wrongs committed by others. This rule is called vicarious liability. This concept makes law of tort similar to criminal law in Sec. 34 and 149 of Pakistan Penal Code.2. DEFINITION OF LIABILITY I. ACCORDING TO SALMOND"Liability or responsibility is the bound of necessity that exists between the wrong doer and the remedy of the wrong doer.3. KINDS OF LIABILITYFollowing are the different kinds of liability: (i) Civil liability (ii) Criminal liability (iii) Remedial liability (iv) Vicarious liability (v) Strict liability 4. MEANING OF VICARIOUS LIABILITYThe word vicarious is taken from the word VICAR which means representative of God, in a Christian church vicarious liability means representative, liability, or responsibility of one person for tort committed by others. 5. DEFINITION OF VICARIOUSLIABILITYI. FLEMINGVicarious liability is a principle where the law holds one person responsible for the misconduct of another.6. VICARIOUS LIABILITY IN CRIMINAL LAWVicarious liability...more
Insurance policies companies have fantastic potential for being transformed into 'green' digital offices. If you want to limit your business' carbon footprint, and you detest commuting to operate, then this report can give you some...more
You must be aware of the fact that students do not get benefits from the parents health policy once they start going to the colleges. In that case, they have to take their own student health insurance plans if they want to get any medical coverage....more
If you have a car and havent got car insurance then you need to think hard why you think you dont need insurance. If it is because it is too much effort then get up and jump on net and grab some Online Car Insurance Quotes it is easy and takes you 5...more
Over the next few weeks I am going to go through +30 benefits,features and options that are often included in Car Insurance Policies. Like every other insurance expert, I advise to read the Product Disclosure Statement (PSD) before you commit to...more
Mobile phones are like assets to you and with so many usefulness of these gadgets you invest a lot of money to purchase one of mobile phones nowadays. There are so many mobile phones in the market and you can get assortments of high end features in...more
The Insurance Regulatory and Development Authority (IRDA) Friday said the issue of offering cashless treatment under health insurance policies issued by the four government-owned general insurers 'is getting resolved'. IRDA Chairman J. Hari Narayan...more