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Showing posts from January, 2023

Things to Think About While Choosing an Insurance Company

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  Insurance protects you from life's uncertainties even though it is a contract between the insurer and the insured. Uncertainties may enter your life at any time, whether you're travelling, driving, or just spending time with your family.    Insurance purchases can be intimidating. There is no doubt that definitions, conditions, coverages, exclusions, and endorsements can be confusing and perhaps give you a headache. Additionally, buying insurance isn't exactly exciting or enjoyable. However, consider your life without it. Imagine having a fire destroy everything you own, and you don't have insurance to help you rebuild your life.   Choosing the best  insurance company Kenya   might be difficult because there are so many options available. Here are some considerations for selecting any kind of insurance.   Always look for experienced  life insurance Kenya . Given the wide range of insurance plans available in India, it is crucial to thoroughly investigate the insurance

The Business Model of Insurance Companies

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  Insurance protects against financial loss. People can be protected by insurance from a variety of potential dangers, including fire, accident, and theft. This mostly depends on the idea of the unexpected that might occur in the future. Since the future cannot always be predicted, investments must be safeguarded against the most probable losses. The risk that you won't pass away before your time and force the insurer to make a payout or the chance that your house won't burn down or your Jaguar won't be damaged in an accident, is how insurance companies make money. The idea behind the insurance company's business model is a contract wherein the insurer agrees to pay a certain sum of money for a specified asset loss incurred by the insured, typically due to damage, illness, or, in the case of life insurance, death. The  Insurance company Kenya  receives regular payments from the policyholder in exchange for providing coverage for a variety of assets, including life, home