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A cash-back policy is a system that returns money at regular intervals. During the duration of the contract, this cashback is paid and is a proportion of the Amount Assured. Pay-outs for money-back are considered survival benefits. Such incentives will be accrued during the lifetime of the contract and the remaining Amount Assured will be compensated along with accumulated bonuses upon maturity. If the insured dies during the lifetime of the contract, however, the full Amount Assured will be paid regardless of the recovery benefits already accrued. This is the unique feature of the program. Some of Money Back Policy’s key features are: The Survival Profit is calculated as a percentage of the guaranteed total. During the lifetime of the program, longevity benefits are paid at regular intervals. When the benefits are paid, there is a set period. Every program has a different structure of payouts. Likewise, there is also no fixed percentage of Amount Assured char...

Identifying Risks If and when a risk becomes a reality, a well-prepared business can minimize the effect on earnings, lost time and productivity, and negative customer impact. To start-ups and existing companies, a key component of strategic business planning is the ability to identify that threats pose a threat to effective operations. Business risks are identified using different methods, but each identification strategy is based on a comprehensive analysis of specific business activities that may present the company with challenges. Under most business models, organizations face preventable, strategic and external threats that can be managed by accepting, transferring, reducing or eliminating them. Local Insurance Risks Find the complete details of Local Insurance Risks explained by Jayant Harde Identifying Risks Physical Risks Business Risks Building Risks Location Risks Physic...

What Is Insurance Coverage? Insurance coverage is the amount of risk or liability that is protected by insurance companies for an individual or entity. Insurance coverage, such as auto insurance, life insurance, or more unusual types, such as hole-in – one insurance, is provided by an insurer in case of unforeseen events. Understanding Insurance Coverage Insurance coverage helps people recover economically from unexpected events like car accidents or the loss of a family-supporting income-producing individual. Multiple factors also dictate the scope of insurance. For example, most insurers charge higher rates for young male drivers, as insurers find young men to be more likely to be involved in an accident than, say, a middle-aged married man with years of driving experience. It can be difficult to distinguish between contracts and insurance policies, and it can be hard to assess the difference between loan amounts and insured amounts. Nevertheless, in receiving the c...

There have been few developments in the last two years that have given direction to  the mutual fund schemes. It could be the re-categorization of mutual fund schemes by SEBI, the downward trend in midcap funds and small cap funds, to name a few. Mutual funds via SIP, following several such shifts, have always compensated investors in the medium to long term. There are several benefits of investing in mutual fund schemes by SIP. Mid Cap Mutual Funds A mid-cap fund is a pooled investment vehicle (e.g. a mutual fund or ETF) that primarily invests in mid-cap companies ‘ stocks, or firms with market capitalizations ranging from around $2 billion to $10 billion. As the name implies, a mid-cap company falls in the middle of large-cap (or large-cap) and small-cap companies. Classifications such as large-cap, mid-cap and small-cap companies are only approximations and may change over time. Mid-cap funds provide investors with a diverse portfolio of mid-cap firms. Mid-cap stock fu...