What is reinsurance? Reinsurance is a complex financial arrangement that plays a fundamental role in the global insurance industry. At its core, reinsurance is a mechanism through which insurance companies transfer a portion of their own risks and liabilities to other insurance companies, known as reinsurers. In other words, it’s insurance for insurers. The primary […]
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What Is Health Insurance? Health insurance is a financial arrangement that provides individuals with coverage for medical expenses, helping them mitigate the financial burden associated with healthcare. It operates on the principle of risk pooling, where individuals pay regular premiums, and in return, the insurance company covers a portion of their medical costs when they […]
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What is Facultative Reinsurance? Facultative reinsurance is a type of reinsurance that is designed to cover specific risks that cannot be covered by traditional reinsurance policies. It allows insurers to transfer a particular risk to a reinsurer, reducing their exposure to potential losses. Facultative reinsurance policies are highly customizable and are negotiated separately between the […]
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What Is Reinsurance? Reinsurance is a critical component of the insurance industry that provides insurers with an extra layer of protection. In simple terms, it is insurance for insurance companies. But why do insurers need reinsurance? The answer lies in managing risk. Insurance companies are in the business of assuming risks and providing coverage to […]
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What Is A Short-Term Investment? A short-term investment is a financial product or security that is expected to be held for a year or less. These types of investments generally offer lower returns compared to long-term investments, but they provide more liquidity and are less risky. Examples of short-term investments include savings accounts, money market […]
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What is Post Office Monthly Income Scheme (POMIS)? Post Office Monthly Income Scheme (POMIS) is a savings scheme offered by the Indian Post Office that provides fixed monthly income to investors. Deposits under the POMIS can be made in the range of Rs. 1500 to Rs. 4.5 lakhs. The interest earned and the deposit are […]
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What is Facultative Reinsurance? Facultative reinsurance is a type of reinsurance that is designed to cover specific risks that cannot be covered by traditional reinsurance policies. It allows insurers to transfer a particular risk to a reinsurer, reducing their exposure to potential losses. Facultative reinsurance policies are highly customizable and are negotiated separately between the […]
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Reinsurance and Its Role in the Insurance Industry Reinsurance is an integral part of the insurance industry, playing a crucial role in managing risk and ensuring the stability and sustainability of insurance operations. It serves as a risk management tool that allows insurance companies to transfer a portion of their risks to other insurers, known […]
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When it comes to protecting your business against unforeseen risks, insurance is a necessary investment. However, there are situations where the coverage provided by a traditional insurance policy may not be enough. This is where reinsurance and coinsurance come into play. But what exactly are they, and which one is right for your business? In […]
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Corporate companies often offer health insurance to employees. And post Covid-19 it is now mandatory for Indian companies to provide health insurance to their employees. However, often employees face a dilemma about whether they should buy health insurance or not. This is often because corporate health insurance might not fulfil all the needs of a […]
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