Loan can be a property, money or any other material goods that is given to another party for an exchange to pay in future the loan amount as well as the interest on it. Loans permit growth in overall supply of money in the economy by offering funds to new businesses.
When you borrow money during the time of need, either from a bank, a financial institution, family or friends, it is termed as ‘loan’. There are different types of loans that are available for catering to your various financial needs such as a home loan, car loan, personal loan, education loan, business loan, etc.You may apply for a Loan in case of urgent financial need. These financial emergencies can be; medical emergencies, funds for education wedding, business or for renovating or buying a home.
Life Insurance policy is to cover your family members from financial burden in case of your death. Read more about Few tips before considering loan against your life insurance policy.
Mortgage Insurance Premium is meant to protect you if you fail to repay the amount on account, and also know Mortgage Insurance Benefits and Features
Policy documents often run a several pages, and it can become a task to read and understand them completely. Know the importance and the terms that you should know.
If IDV concept is not clear to you, Read more about what is idv in insurance, its importance and how you can calculate idv for car insurance.
Health Insurance Frauds in India - Health Insurance Scams are increasing in India and can be of many types including claim, application fraud, eligibility fraud, etc. Read more!
Health Insurance for Smokers - The fact of being a smoker amplifies the health insurance premium for smokers as compared to non - smokers.