Need of Insurence Is Important

In: Other Topics

Submitted By sonal88
Words 518
Pages 3
The Need For Insurance Is Important
Several individuals ignore the importance of insurance calling it a waste of money. High cost on insurance is a reason why individuals do not avail of insurance policies. Purchasing an insurance policy is the best way to secure your future. No individual can predict what the future has in store. However, what every individual can do is safeguard their future. Unforeseen events occur without warning. In times like these if an individual does not have an insurance policy, the expenses that arise can affect you badly. Individuals without an insurance policy have to bear the entire loss on their own. Bearing the entire expense on loss occurring due to an unforeseen event can ruin individuals of their hard earned savings.
An individual does not have to go through this nightmarish reality if equipped with insurance. When you avail of insurance, you make sure that risk is transferred. The insurance company from which you purchase insurance coverage is liable to pay for the losses that occur due to unforeseen events. It is essential for individuals to plan insurance needs to ensure a better future for themselves and their family. An individual should consult experts to get a clear perspective on their insurance needs. Individuals can approach insurance companies and discuss their requirements with agents. Do not avoid insurance because of cost on premium.
Individuals have to realize that insurance costs vary in accordance with benefits. For instance, a basic insurance coverage policy will not cover all major perils. As the perils covered on the policy are few, the cost on insurance will be low. Insurance policies that are expensive offer comprehensive coverage on all major risks. Among the different types of insurance available, life insurance policies are extremely popular with individuals. A life insurance policy is a secure…...

Similar Documents

Its Not so Important

... PhDbox.in, your guide to professional PhD thesis PhDbox.in is one of its kind research consultancies which provides PhD students superior quality PhD thesis writing and editing services. With our expertise and extensive presence in the field of research, we are assisting PhD students across India. The thesis proposal is one of the utmost important aspects of PhD. However, due to lack of knowledge and experience, many students struggle to deliver a proper PhD thesis paper. On the other hand, a quality research paper needs end-to-end knowledge of the research methodologies and the subject. Not only is that, the presentation and logical flow of the content equally important to achieve a good grade. At PhDbox.in, our services range from helping students preparing their thesis proposal to helping them in all aspects of their PhD, including editing the research papers. We have a team of highly professional academic writers from the best universities across the world, who help us deliver the best in quality research papers. Their proficiency also helps us to offer consulting services in different subjects. However, it is not only the quality, our customised services, 24/7 customer services, on time project delivery and 100% plagiarism free services also make us unique. During the research paper creation process, our team helps the students with prompt service at all the required stages. Nevertheless, our service is affordable to all the PhD students. On top of that, we......

Words: 334 - Pages: 2

Insurence Sector

...is in possession of any arms license if so, particular there of. 11. Whether the applicant. (a) Is a license of exempted, if so deserination of the arms. (b) Has a safe place to keep the arms. (c) Is a bonafide tourist, if so: (i) name of the country to which he/ she belongs. (ii) Whether he is prohibited by the laws of his country from hating in his possession any arms and ammunition. (iii) The probable date of his arrival in India. Note : - A bonafide tourist is permitted to bring Indian subject to the conditions specified in section 20 and rule 32, Arms and Ammunition in reasonable quantity for his use for purpose only of spot and for no other purpose. PART C- PERTICULARS OF LICENSE 12. Need of license: __________________________________________________________ 13. The form in which the license is required: ___________________________________________ 14. Description of arms/ ammunition: ________________________________________________ 15. (a) Area within which applicant wishes to carry arms : ______________________________ (b) Place where arms/ ammunition will be kept/ manufactured etc. ___________________ (c) Place route of import/ export transport: ______________________________________ 16. Other particulars required as in the relevant transport: ________________________________ 17. Any classes for special consideration _______________________________________________ Note :- Against column 12......

Words: 1270 - Pages: 6

Important

...chilled water) that would otherwise be needed for the site. * Offset capital costs: CHP can be installed in place of boilers or chillers in new construction projects, or when major heating, ventilation, and air conditioning (HVAC) equipment needs to be replaced or updated. * Protection of revenue streams: Through onsite generation and improved reliability, CHP can allow businesses and critical infrastructure to remain online in the event of a disaster or major power outage. Determining the economic value of CHP as backup power is explored in the white paper, Calculating Reliability Benefits. * Hedge against volatile energy prices: CHP can provide a hedge against unstable energy prices by allowing the end user to supply its own power during times when prices for electricity are very high. In addition, a CHP system can be configured to accept a variety of feedstocks (e.g., natural gas, biogas, coal, biomass) for fuel; therefore, a facility could build in fuel switching capabilities to hedge against high fuel prices. Analyzing Economic Feasibility The economic benefits of any CHP project are dependent on efficient design, fuel and offset electricity costs, and capital costs. The value of these benefits will depend on the needs and goals of the investor. A feasibility analysis to determine the technical and economic viability of a project is typically performed in stages in order to minimize costs and expenses from nonviable projects. Use our easy questionnaire as......

Words: 602 - Pages: 3

Important

...Eat plenty of vegetables, legumes and fruits a) This is important because we get many vitamins and minerals from these food groups. We need these micronutrients to perform and regulate many different functions in the body. We also get some energy from sugar and starch. Each type of fruit and vegetable gives us different nutrients, so we should make sure to eat several serves each day of different ones. We can also get some fibre from legumes, and a little from other vegetables and fruit. Fibre helps us avoid constipation, decreases our risk of colo-rectal cancer, slows down the absorption of sugar and is good for the health of our GI tract. a) I did not eat enough fruit or vegetables. On one of the days I ate no vegetables at all, and on the other two days I ate only two or three serves of salad. The guidelines tell me that I should eat five serves of vegetables each day. I ate one piece of fruit every day, but I should eat two so this isn’t enough. b) I hate vegetables so I rarely eat them. I do eat some kinds of salad (e.g. tabbouleh) but I can’t stand cooked vegetables. My family doesn’t eat vegetables as part of our diet, so there is no encouragement for me to eat them. I like fruit and I make sure to eat it every day because I know it’s a healthier snack than chocolate or crisps, but I didn’t know that I should eat two serves every day....

Words: 260 - Pages: 2

Insurence

...bankers order (14476*0.09)=1303 Policies 1. Whole life assurance; Whole life assurance plan is combination of protection and saving which can be purchased at very economical premium payable annually or in half yearly, quarterly or monthly installments. Death at any before age 85 years terminates payment of premium and the sum assured plus bonuses, if any, become payable. In the event the insured survives to the policy anniversary nearest age 85 year the policy mature and the sum assured plus bonuses become payable. After two years premium have been paid the policy acquires surrender and other non forfeiture values which keep on increasing with the payment of each subsequent installment of premium. Whenever the need arises, the policy can be surrendered for its surrender value or policy loan can be taken up to 80% of surrender value of policy. Under this plan rates of bonuses are usually much higher than the other plans and they help in increasing not only protection but also the investment element of the policy substantially Now a modification of whole life assurance is made wherein the premium are payable for selected term, ranging from 10, 15, 20, 25 & 30 years. At the expiry of selected premium paying term, the policy will be kept enforce for full sum assured and will continue to participate in the profit of stat life till 85 or earlier death of the life insured.sum insured plus accrued bonuses become payable at the death during or......

Words: 2628 - Pages: 11

Important

...single most important flaw in this study’s design or interpretation. The experimenter gets to decide what words a preschooler should know • In your own words, describe how the study could be improved to eliminate the weaknesses (or at least the major flaw). Let a preschool teacher say what words a preschooler should know Study 2: Learning to Share • What is the broad goal of the study? Too see the effects of prosocial TV on sharing behavior among preschool children • What is wrong with the study? The professor assigned the children to groups and rated their behaviour • In your own words, describe the single most important flaw in this study’s design or interpretation. That he put kids who watched the prosocial tv in the same groups • In your own words, describe how the study could be improved to eliminate the weaknesses (or at least the major flaw). Study 3: Sleep and Academic Performance • What is the broad goal of the study? • What is wrong with the study? • In your own words, describe the single most important flaw in this study’s design or interpretation. • In your own words, describe how the study could be improved to eliminate the weaknesses (or at least the major flaw). Study 4: Language Instruction • What is the broad goal of the study? • What is wrong with the study? • In your own words, describe the single most important flaw in......

Words: 7843 - Pages: 32

His Needs, Her Needs

...His Needs, Her Needs: Building An Affair-Proof Marriage by Willard F. Harley, Jr. A Paper Submitted to Dr. Brown In Partial Fulfillment Of the Requirements for the Course Preventing Ministry Failure LEAD 625 By Adrian Mack 27 January 2014 CONTENTS SUMMARY 2 CRITIQUE 3 EVALUATION 4 Summary In His Needs, Her Needs, Willard F. Harley, Jr. is not solely talking about affairs, but is elaborating on the underlying themes of communication and selflessness. In the first chapter, Harley explains that when a person explains their relationship problems to someone external to the relationship, it can easily lead to an affair because a bond forms with this new person and he or she understands the needs that one yearns for in their life, time and again able to meet the needs if an affair begins (Harley 20). During his tenure counseling couples, Dr. Harley has recognized that men and women each have unique preferences in regards to their needs, and often differing perspectives on how the relationship would be “perfect.” Harley conceptualizes this with his analogy of a bank. Hence, communication, both talking and listening about problems and needs, is not the only necessary means to improve a relationship, but one must be willing to make the relationship work by considering not only themselves, but their significant other. For Harley, it is not about whether or not one is “skilled” at fulfilling their significant other’s needs or......

Words: 1242 - Pages: 5

Insurence

...acquisition, MetLife, which is already the largest life insurer in the United States and Mexico, became a leading competitor in Japan, the world’s second-largest life insurance market. The transaction materially advanced MetLife’s position in Europe. It also moves MetLife into a top five market position in many high growth emerging markets in Central and Eastern Europe, the Middle East and Latin America. MetLife Alico, has been operating in Bangladesh with their insurance services since 1952. Throughout the history, it has continuously sought to nurture talent, respect local cultures and promote the diversity that characterizes the Bangladeshi society. It has grown by understanding the needs at the heart of the community and by tailoring our extensive product offering to the unique needs of individuals, families and businesses of all sizes. Established in the erstwhile East Pakistan in 1952, it was the first and so far is the only international company to be granted a license to offer life and accident insurance in the country. It has quite a big market with greater responsibility. Today, it is one of the leading insurance companies in the country, with close to 1,000,000 insured members and over 12,000 agents who understand this market better. It is being believed there, success depends on the success of the local community. So it has always done best to nurture talent, as well as work with the government and partners to build a strong regulatory framework around...

Words: 2490 - Pages: 10

Needs

...Information need is an individual or group's desire to locate and obtain information to satisfy a conscious or unconscious need. The ‘information’ and ‘need’ in ‘information need’ are an inseparable interconnection. Needs and interests call forth information. The objectives of studying information needs are: 1. The explanation of observed phenomena of information use or expressed need; 2. The prediction of instances of information uses; 3. The control and thereby improvement of the utilization of information manipulation of essentials conditions. A system is a set of interrelated but separate parts working towards a common purpose. The arrangement must be orderly and there must be proper communication facilitating interaction between the elements and finally this interaction should lead to achieve a common goal. System approach to management views the organization as a unified, purposeful system composed of interrelated parts. This approach also gives the manager to see the organization as a whole and as a part of the larger external environment. System oriented manager would make decisions only after they have identified impact of these decisions on all other departments and the entire organization. They must intertwine their department with the total organization and communicate with all other departments, employees and with each other. * Characteristics: Systems have structure, defined by parts and their composition; * Systems have behavior,......

Words: 330 - Pages: 2

Important

...improving slowly.(economic factor, 2010) So far the Singapore government has put vigorously in expanding the economy. This incorporates guaranteeing that the business division is well upheld and fortified by a defilement free nature's turf, an taught and spurred workforce and also an entrenched legitimate and monetary business skeleton. All these prompted the nonstop development of the tourism business, budgetary administrations, business counsel administrations and retail. In-arguably, the development in the different business parts presents Singtel the chance to expand its business generally. Regardless, the information transfers organizations are nearly connected to financial exercises in Singapore and the area. Thus, Singtel needs to be cognizant with the business cycle so it might be better ready to exploit the impacts such as progressions in optional wage and purchaser using design. 2.3 Social factor Singapore is an eastern nation who still emphatically trusts in protecting customary family values albeit a portion of the more young period has started to change in accordance with western culture and qualities.(Social factor, 2010) Due to that, in this current era younger generations tend to be more 'kia su' a term which means perplexed about missing out to others and with this mind-set people tend to work harder each and everytime to fulfil their own materialistic desires. To some degree this has emphatically expanded the country......

Words: 2455 - Pages: 10

Important

...Audit From Wikipedia, the free encyclopedia For other uses, see Audit (disambiguation). The examples and perspective in this article may not represent a worldwide view of the subject. Please improve this article and discuss the issue on the talk page. (January 2010) This article needs additional citations for verification. Please help improve this article by adding reliable references. Unsourced material may be challenged and removed. (October 2010) Accountancy Key concepts Accountant · Accounting period · Bookkeeping · Cash and accrual basis · Constant Item Purchasing Power Accounting · Cost of goods sold · Debits and credits · Double-entry system · Fair value accounting · FIFO & LIFO · GAAP / International Financial Reporting Standards · General ledger · Historical cost · Matching principle · Revenue recognition · Trial balance Fields of accounting Cost · Financial · Forensic · Fund · Management · Tax Financial statements Statement of Financial Position · Statement of cash flows · Statement of changes in equity · Statement of comprehensive income · Notes · MD&A · XBRL Auditing Auditor's report · Financial audit · GAAS / ISA · Internal audit · Sarbanes–Oxley Act Accounting qualifications CA · CCA · CGA · CMA · CPA · CGFM · APA This box: view · talk · edit The general definition of an audit is an evaluation of a person, organization, system, process, enterprise, project or product. The term most commonly refers to audits in accounting, but......

Words: 1802 - Pages: 8

Vrio Important

...orientation (EO), leaving its interrelationship with internal characteristics aside. We argue that EO captures an important aspect of the way a firm is organized. Our findings suggest that knowledge-based resources (applicable to discovery and exploitation of opportunities) are positively related to firm performance and that EO enhances this relationship. Copyright  2003 John Wiley & Sons, Ltd. INTRODUCTION Resource-based theories of strategy (RBV) argue that firms with valuable, rare, and inimitable resources (including nonsubstitutability) have the potential of achieving superior performance (e.g., Barney, 1991, 1995). Resources are inputs into a firm’s production process (Barney, 1991) and can be separated into those that are knowledgebased and those that are property-based (Miller and Shamsie, 1996). Property-based resources typically refer to tangible input resources, whereas knowledge-based resources are the ways in which Key words: knowledge; resources; entrepreneurial orientation; discovery; exploitation *Correspondence to: Johan Wiklund, Center for Entrepreneurship and Business Creation, Stockholm School of Economics, PO Box 6501, SE 113-83 Stockholm, Sweden. Copyright  2003 John Wiley & Sons, Ltd. firms combine and transform these tangible input resources (Galunic and Rodan, 1998). Knowledgebased resources may be particularly important for providing sustainable competitive advantage, because they are inherently difficult to imitate,......

Words: 5195 - Pages: 21

P3 and M2: What Is Command and Control, Why Is It Important and What Skills and Qualities Do You Need

...like ridge. We walked down the valley which was pathed with large stone, rocks and boulders that could fall or move any point under our weights. We had to help each other under and over these. Integrity When my mum got a new laptop for her job I had to teach her how to use it, as well as the software and the apps that came with it. Determination When completing assignments I am determined too hand them in on time and too a grade that will get me a good end of year result. Decisiveness After leaving year 11 we had to choice to go to college or sixth form, or even do an apprenticeship. This meant we had to decide if we wanted to do as a future prospect and had to quickly before all the spaces were taken on the course. This was very important and if chosen wrong could have been a hassle as well as an inconveniences in the long term view of everything such as future goals etc. Mental Agility When my oldest niece first started school she was beginning to learn to spell and to do basic math and counting. I guided her and taught her easy ways to help her remember this. Instilling Trust When my sister was choosing her prom dress she entrusted me to help her chose a colour and a style to fit her and suit her. She loved it in the end. Instilling Loyalty When my best friend got in a fight with my other friend I was there to defend her when she was right and was there to support her. Instilling Discipline My niece was messing around one day and got carried away, which then got...

Words: 4017 - Pages: 17

Important

... Motivation Maslows Hierarchy of Needs Maslow's hierarchy of needs is a theory in psychology, proposed by Abraham Maslow in his 1943 paper A Theory of Human Motivation.[2] Maslow subsequently extended the idea to include his observations of humans' innate curiosity. His theories parallel many other theories of human developmental psychology, all of which focus on describing the stages of growth in humans. [pic] Physiological needs For the most part, physiological needs are obvious — they are the literal requirements for human survival. If these requirements are not met, the human body simply cannot continue to function. Air, water, and food are metabolic requirements for survival in all animals, including humans. Clothing and shelter provide necessary protection from the elements. Safety needs With their physical needs relatively satisfied, the individual's safety needs take precedence and dominate behavior. These safety needs manifest themselves in such things as a preference for job security, grievance procedures for protecting the individual from unilateral authority, savings accounts, insurance policies, reasonable disability accommodations, and the like. Social needs After physiological and safety needs are fulfilled, the third layer of human needs are social and involve feelings of belongingness. Humans need to feel a sense of belonging and acceptance, whether it comes from a large social group, such as clubs, office culture, religious groups,......

Words: 6076 - Pages: 25

Important

...Why is International Trade important? International trade takes the world’s economy to the top position. It is important to carry out the trading at international level as some of the resources that are available in some countries are not available in others. So those people who do not have the resources with them can have the resources by importing them from other countries. So, trading becomes important and necessary in this scenario. Trading internationally involves sending what the native country produces the best to other countries and buying what other countries are producing best. This trading can improve the economy of the native country and helps in development of the country. International trading decreases poverty, generates employment, develops the economy and increases the income of the nation. The country which is in developing stage can consider the international trade as an advantage as it brings lot of financial gains to it. The funds that are acquired through trading internationally can be utilized in their best for the needs of the people in the country. Most of the developing countries tend to improve industrialization. But, they also were observed to get the raw materials available as resources with them to the international market. Some of these materials include timber, agricultural products and minerals. The Sub Saharan African nations earn about ninety percent of their income through international trading by exporting the raw......

Words: 365 - Pages: 2