What Is Life Insurance? Life insurance is a type of insurance contract between an Insurer and a policyholder. It is a legally binding contract that pays death benefit to the policyholder’s beneficiaries upon death or after a set number of years. The policy guarantees that the insurance company pays a sum certain to the beneficiaries…
Dental health is an important part of your overall health. It is not in contention that our oral Health is directly connected to our general health. The oral cavity is the gateway to our bodies and internal organs and a lot of things in the dental cavity can be indicative of kidney diseases, heart diseases,…
Whole life insurance policy is a class of policy that covers the policyholder during his life time. This is in contrast to term life insurance policy that only covers the policyholder for a certain number of years. It is the commonest form of insurance policy bought by policyholders and the premiums payable are most times…
In Europe, every citizen is admitted in the national healthcare system. And quite a reasonable percentage of medical services are free. These free medical services are under the provision of the doctors who are under the employment of the government. In some of these European countries, there is equally an opportunity for independent insurance companies to…
Meaning Term life insurance is a class of life insurance policy which provides insurance coverage for a certain term of years. The implication of this is that the policyholder’s beneficiaries can only receive death benefits accruing to the policy if he dies within the time in the insurance policy. That is to say, if the…
MEANING OF A TRANSFORMER A Transformer is Electrical equipment built to convert alternating current from one voltage to another. It can be built to step up or step down voltages and works on the magnetic induction principle. In this article, we will discuss about insurance for transformers A transformer has no moving parts. And as…
INTRODUCTON As has always been said in our various articles or literature on insurance, the main function of insurance is to make provision of protection for probable chances of loss. It is probable loss because, the time and the level of loss at every of such event is always uncertain. And as such, where one…
MEANING OF MATERNITY Maternity is the period between pregnancy and immediately after delivery. It covers a period of 26 weeks after child birth or delivery. And it is this period of time that enjoys maternity Insurance Coverage. A couple of Insurers do not make provision for maternity insurance coverage for women already pregnant. The singular…
INTRODUCTION There is a general apathy for insurance in Nigeria and health insurance policies is not an exception. It is reported that a paltry three (3%) of the overall population has health insurance. This is not withstanding efforts already put in place by the government at getting the citizen embrace health insurance as part of…
MEANING OF ACCIDENT Accident means any unintentional and involuntary injury to the human body. It usually results from external cause which affects physical, mental or psychological wellbeing and sometimes results in death. An accident can occur in the course of a professional activity. It can take place during breaks, before or after work. In which…