What Is Difference Between Tata Aia And Tata Aig?

What is the Difference between Nomination and Assignment?

Nomination is an act by which the policyholder can authorize another person to receive the policy money in the event of the death of the policyholder. The person authorized in this way by the policyholder is known as Nominee. Assignment is a method by which the policyholder can transfer the right, title and interest in the policy to another person either wholly or in part. An assignment can be made by an endorsement on the policy document or as a separate deed. Assignment can be absolute or conditional contingent upon the happening of a specified event.

What is the difference between Banking and Insurance?

Banking works on short-term deposits and makes long-term loans. Insurance companies tend to invest the premium money they receive for the long-term so that they are in a position to meet their liabilities as they arise.

What is the Difference between Insurance and Assurance?

Insurance and Assurance are the most common terms used in the insurance terminology. Insurance guarantees financial coverage in case of loss due to an insured peril or an uncertain event such as accident, hospitalization, fire damage, etc. The uncertain event may or may not happen during the policy period. This uncertainty is covered under the term Insurance. Assurance guarantees financial coverage in case of loss due to a certain event; such as death. The event is certain to happen at any time during the policy period where the coverage is applicable. The certainty of happening is covered under the term Assurance.

What is the Difference between Comprehensive and Third Party Insurance?

The main difference between comprehensive and third party insurance is the coverage Third Party car insurance covers injuries or death of third parties due to an accident; Comprehensive covers damage to the car due to natural calamities, personal injuries or death caused in an accident, damages caused in a fire.

What is PolicyBachat and How does it help with my Life Insurance Policy Purchase?

PolicyBachat is an online insurance web aggregator which helps in selecting the best insurance policy for its customers based on the customer’s requirements. We at PolicyBachat provide the customer with a wide range of options to select from. The best life insurance policy can be selected online from our portal. We even provide assistance to our customers in selecting the best life insurance policy based on the requirements of the customer.

How Do Insurance Companies Make Money?

Most insurance companies make money in two ways: Charging premiums to the policyholders and investing the insurance premium payments.

Why buy insurance online?

There are many different types of insurance and it can be difficult to decide which one is the best for you. However, by purchasing insurance online, you are able to compare different plans and find the one that suits your needs.

Here are some of the benefits of buying insurance online :

• You can compare plans and find the one that suits your needs
• You can save money on your current plan by switching providers

can husband and wife both claim maternity insurance?

Yes, it is possible to husband and wife both claim maternity insurance.

Can a policyholder nominate anyone for his Insurance Policy?

Yes. The policyholder can nominate anyone for his insurance policy.