Archive for category All about Insurance

Types of Corporate Insurance

Just like any individual needs to safeguard his interests against any unforeseen circumstances, a company is also an entity seeking both financial and social security for its survival. All over the world, insurance is considered to be an ideal investment option for both people and companies who want to prepare themselves for any untoward circumstances.

Corporate insurance, as the name suggests, is an umbrella term that includes all types of insurance policies taken by various organizations. It is provided by most of the insurance companies. Some of the common policies taken are mentioned here:

Corporate Health Insurance
It aims at providing health coverage to all the employees of an organization. A part of the premium amount is paid by the employer and a part is deducted from the salary of the employee. Contribution to health insurance is a fixed component in the salary structure that is made known to the potential employee at the time of the interview process. The insurance is covered under the social security schemes of the organization. Read the rest of this entry »

Tags: , ,

Related posts

, ,

No Comments

Insurance – It Is Equal to Securing Your Life?

Nobody knows what will happen in life next. Life is unpredictable and every one wishes to have a little security in life. For this reason many people rely on insurance. There are different types of insurance. Depending on what you need, you can choose one. Health insurance as the name indicates is about health and diseases. With some insurance plans you can get security for the entire family.

The features that are offered vary according to each plan. Some plans offer cashless hospitalization with them. With health insurance you can protect yourself and your family from sudden and unexpected illness, accidents and surgeries. Health insurance plans also cover personal accidents.

Travel insurance is another type of insurance. If you are considering traveling overseas then you should consider getting a travel insurance. Again the features depend on the plan which you pick. Some plans cover both medical and non medical expenses, while others cover only one of these. You can also get insurance in case of baggage loss. Read the rest of this entry »

Tags: ,

Related posts

,

No Comments

Employment Insurance Benefit – For a Better Society

Employment Insurance Benefit is a program, which gives income support for a specific time period. It is given to people who are employed, but have a long gap of unemployment due to health problem or pregnancy or guardianship, or to someone who is taking care of an immediate family member on the verge of death. The benefit includes regular wages, which can fulfill the basic requirements of living. It is also for those, who are job hunting and are unable to find a job for a certain period of time. This program usually comes under social security scheme, which is kind of social insurance for the needy people in order to prevent hunger and poverty. This ultimately helps in creating a better society because if they won’t get any benefit then there are more chances of them turning into a threat to the society in order to fulfill their basic needs.

Eligibility for Employment Insurance Benefit

There are certain criteria to be eligible for Employment Insurance benefit, which includes:
• One shouldn’t have lost their employment because of his/her misconduct but due to credit crunch or the bankruptcy of the organization.
• One should have the evidences that he or she has been looking for work vigorously. They will need to show documents to prove that.
• One must have paid the premiums in their Employment Insurance account, while they were working. Read the rest of this entry »

Tags: , ,

Related posts

, ,

No Comments