Adverse Selection in Group Health Insurance

Adverse selection has plagued the insurance industry for a long time now. Insurers have found it challenging to find ways to abstain from issuing policies risky for them. A moral hazard and other factors meant that individuals have found ways to benefit from group health insurance by adverse selection. So, what is adverse selection? And why does it matter? This article has the answers. What Is Adverse Selection? Adverse selection refers to a buyer (insured) having more information than the seller (insurer) and using the same to their benefit unscrupulously…

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Credit Card Types: Which Fits your Needs?

2020 saw Indians use their credit cards to order food and groceries online as well as for shopping and utility bill payment, according to a survey conducted by Cred. Even as credit cards offer a convenient option to make payments, you must know about the different categories to zero upon the one which suits your requirements. You can opt for reward-based cards such as lounge access credit cards, cash back credit cards e.t.c. or simply go for a basic credit card. Some banks might also offer you a free credit…

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Develop Your Financial Status Using Stock Trading

The meaning of the stock market is “exchanges”. Stock exchanging is one of the emerging keys for the business purpose.In the stock market like the New York stock exchange where the investors come together to buy and sell shares of those stocks.Supply and demand in the market are determined the stock prices as buyers and sellers place orders. This stock exchange takes place in electronic marketplaces also. If people have money but don’t know where to spend and double up their existing money, here it isone of the best tradings…

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4 Advantages of Income Protection Insurance

Income protection is an insurance where you get some benefits as well as money as per your policy when you are injured or met with an accident. When your company does not pay you when you are on a leave, then income protection insurance ensures that you continue to get some money even when you are on a medical leave. If you are planning to get income protection insurance and you are confused about where to compare income protection, this is the best platform to do so. Below listed are…

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Safeguard Yourself from Cancer

Cancer is a debilitating and life-threatening disease. It occurs when normal cells in the body mutate and grow abnormally out of control. Once this happens, the abnormal cells proliferate and begin to form a tumor. Sometimes, cancer can originate in one body part and spread to other parts. In other instances, it may be restricted to one organ. The progression of the disease is identified by stages, with the earlier stages being benign and the later stages being malignant. Symptoms and causes The main symptoms of cancer are: Unintended weight…

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All The Details About Travel Insurance Policy

Traveling anywhere and any place is loved by all. Even most of the people too got some hobbies for that. But planning a trip is not child play and you need to collect all the information about the place you are visiting starting from the booking hotels, tickets and other things as well. Many people also buy some good new clothes and other accessories before the trip. But among all these things that you go for, one can see that most of the people don’t pay much attention to a…

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How women should approach their retirement planning

Gone are the days when women were dependant on someone to look after their days. Historically, your husbands might have planned for your retirement. Today, women have their own Life goals and have taken up things in their hands. However, women are still looking for the right ways to navigate the path after their working lives. They are not only re-discovering themselves in their personal as well as professional lives but also redefining retirement on their own terms. Every woman should concentrate on the right retirement planning to live a…

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Should you buy 100-year term plans? Read to know more

Are you the breadwinner of the family? Do your family members depend on you to fulfill their financial needs and goals? If yes, you should buy whole-life term insurance for the protection and betterment of your loved ones in your absence. In case there is an unforeseen event that may occur, your family members could go through financial turmoil. However, if you own a 100-year term insurance, your family receives guaranteed returns in the form of sum assured to secure their financial future. Before purchasing a 100-year term plan or…

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Why You Should Invest Instead Of Keeping Your Money In Your Savings Account

Needless to say, as Indians, we strongly believe in the power of savings. Due to the traditional habits of accumulation of funds in our savings account, we tend to ignore the smart benefits of investment. While savings means letting your money sit safely in your lockers, investment promises the growth of your money over the due course. Investing money in the right plan or policy not only ensures the security of your family as well as your participation in the equity markets. If you’re wondering why you should invest instead…

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4 Types of Insurance And Investment Options You Should Always Have

What do investors look for when it comes to investments? Needless to say, the maximum number of investors look for a higher return on investment along with lower risks. While there are only a few investment plans that take the risk appetite of the policyholder into consideration, the rest of the policies have certain risks attached to it. Investing in a plan which only generates high gains means higher chances of loss of money. An ideal investment policy guarantees low costs as well as high returns at an affordable rate.…

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