Call us on : +(91)-(141)-4112788
E-mail : info@babainvestments.com
Choose Language :
FWT Homepage Translator
   
                 
jQuery Carousel
   
    INSURANCE....
  INTRODUCTION
  LIFE INSURANCE
  LIC LIFE INSURANCE
  RELIANCE LIFE INSURANCE
  GENERAL INSURANCE
  BAJAJ GENERAL INSURANCE
  MAX BUPA GENERAL INSURANCE
  APOLLO GENERAL INSURANCE
  WHY INSURANCE
  ADVANTAGES
    WHY CHOOSE US ....
 
Our philosophy is to provide advisory services to make your investments as successful as you.
For us anything worth doing is worth doing well.
 
 
        WHAT IS INSURANCE ....
 
Insurance is a guarantee that your family will receive financial support, even in your absence. Put simply, life insurance provides your family with a sum of money should something happen to you. It thus permanently protects your family from financial crises.In addition to serving as a protective cover, life insurance acts as a flexible money-saving scheme, which empowers you to accumulate wealth-to buy a new car, get your children married and even retire comfortably.Life insurance also triples up as an ideal tax-saving scheme. Insurance is a means of protection from financial loss. It is a form of risk management primarily used to hedge against the risk of a contingent, uncertain loss. An entity which provides insurance is known as an insurer, insurance company, or insurance carrier. A person or entity who buys insurance is known as an insured or policyholder. The insurance transaction involves the insured assuming a guaranteed and known relatively small loss in the form of payment to the insurer in exchange for the insurer's promise to compensate the insured in the event of a covered loss. The loss may or may not be financial, but it must be reducible to financial terms, and must involve something in which the insured has an insurable interest established by ownership, possession, or preexisting relationship. The insured receives a contract, called the insurance policy, which details the conditions and circumstances under which the insured will be financially compensated. The amount of money charged by the insurer to the insured for the coverage set forth in the insurance policy is called the premium. If the insured experiences a loss which is potentially covered by the insurance policy, the insured submits a claim to the insurer for processing by a claims adjuster.
 
In addition, you should also make a list of what you feel needs to be protected in your family's way of life. With a life insurance policy in place, you can :
Provide security for your family
Protect your home mortgage
Take care of your estate planning needs
Look at other retirement savings/income vehicles
 
Two kinds of Insurance :
There are two different kinds of insurance - life insurance and general insurance. With life insurance you don't renew your policy each year. Instead, you agree to pay a fixed premium for a set number of years. In other words you enter a long-term commitment when you buy a life insurance policy.
 
What is the Difference?
General insurance pays out
if a car has an accident or is stolen
if a house catches fire or is burgled
if a holiday has to be cancelled
if someone is careless and damages other people's property.
Most life policies, on the other hand, pay out when an event happens;
when someone dies
when someone survives beyond a specific date.
Anyone can buy life insurance but, of course, the premium will depend on your age, your health, and your occupation.
Husbands and wives can insure each other's lives. However, you cannot insure the lives of other people unless you have a financial involvement in their life. This principle of insurance is called "insurable interest".
 
Insurable Interest :
Insurable interest is a fundamental principle of insurance. It means that the person wishing to take out insurance must be legally entitled to insure the article, or the event, or the life. In other words, the happening of the event insured against, or the death of the life insured must cause the policyholder financial loss. Mr Smith would not be able to insure Mr Brown's house because its destruction would not cause Mr Smith financial loss. Similarly, you cannot insure the lives of other people unless you have a financial interest in the life being insured. The principle of insurable interest demonstrates the difference between insurance and a wager or bet.
 
General Principles :
Other principles apply to all kinds of insurance.
Insurance can provide compensation only for the actual value of property. It cannot cover the loss of sentimental value, for example.
There must be a large number of similar risks so that the likelihood of a claim can be spread among other policyholders. It must be possible for insurers to calculate the chance of loss so that a premium can be set which matches the risk.
Losses must not be deliberate and not inevitable. Clearly, you could not buy fire insurance for a house which was already burning nor life insurance for someone on his or her deathbed.
Lastly, there are some risks which have financial implications so vast that they can be dealt with only by the state. These risks (mainly those arising from war or the major escape of nuclear or radioactive material) are normally not insurable.
Insurance takes the risk away from people's lives and businesses. It brings peace of mind to the policyholder. In return for paying premiums the policyholder knows that, if the unexpected happens, financial compensation will be available from the fund of premiums.
Baba Invetments, investment in jaipur, CPFA,best financial planner in jaipur, financial planner in jaipur, best tax planner in jaipur, tax planner in jaipur, certified financial planner, best certified financial planner in jaipur, mutual fund advisors jaipur, best mutual fund advisor in Jaipur, best financial advisors in jaipur, mutual fund advisors in jaipur, mutual fund advisors, insurance advisors in jaipur, home loan advisors, best home loan advisors in jaipur, best SIP advisor in Jaipur, SIP advisor,life insurance advisor, best life insurance advisor in jaipur, general insurance advisor, best general insurance advisor in jaipur, construction loan advisor in jaipur, home loan advisor in Jaipur, mortgage loan advisor in jaipur, wealth management advisor, best wealth management, financial planning, best tax planning, financial investments, SIP, best financial llanning, best financial planner, certified financial planner, best retirement planner, Best Retirement Planning, Best Financial Advisor, best investment management, tax consultants in jaipur , Best Money Management, CFP India, best financial consultant, personal financial planning, Best Investment Advisor, Best Financial Management, Best Financial Services, Financial Management India, Financial Services India, Financial Planning India, financial advisor india, best financial advisor, Mutual Funds India, best mutual funds, mutual fund advisors india, Mutual Fund Advisors, online income tax return, Tax Consultants, insurance agent, insurance agent jaipur, General Insurance, Financial Investment Planning, Income Tax efiling, SIP Calculator, Bonds, Dividend, 80C
For Today & Tomorrow Planning Teamwork Quality Commitment Confidence : Satisfaction
All Rights Reserved @ Baba Investments & Consultants   Terms & Conditions   |   Privacy Policy   |   Disclaimer