Showing posts with label Insurance. Show all posts
Showing posts with label Insurance. Show all posts

Wednesday, April 4, 2012

Personal Accident Insurance

If Personal Accident, get advice on how your insurance

I want to talk about an issue that is not as complicated as people think: the Personal Accident insurance. You just have to be informed, because you never know when they may occur and should always be prevented.

Accidents happen all the time and often can endanger our health and our economy. A Personal Accident Insurance keeps you calm and helps prevent concretely the economic impact that an accident may cause.

There are different types of insurance costs to prevent accidents and these vary in the people they protect and the scope they offer. For example, you can hire a Personal Accident Insurance Individual or a Family. In addition, we purchase insurance protection you provide on our trips, whether for pleasure or work.

Medical fees and hospital charges are often high, and sometimes they can strongly affect our economy after an accident that requires attention.

In case of any accident which requires medical attention and / or hospitalization, your insurance can work in two ways:

The first is with your insurance card, which you can present to arrive at the hospital and ensures a rapid entry to receive medical attention, which in many cases the costs will be covered by insurance; only have to pay (if necessary a) a deductible or coinsurance.

The second option will be to cover your own expenses, then the company will refund the invoice and presenting them in accordance with the provisions of your policy.

A personal accident insurance, as well as protection and financial support can ensure that deserve attention in difficult times and simplify your problems. Well the saying goes, better safe than sorry.

Monday, March 5, 2012

Insurance for Everyone

Standardized Basic insurance

Hello again, in this post from my blog I want participles a very important project for the insurance industry in Mexico, the Standardized Basic Insurance.

As we talked in previous publications, insurance is very important because they are the best financial tool with which we have to prevent or compensate for unexpected expenses of situations we are exposed every day and that can jeopardize our welfare and economy.

Usually people think that insurance is expensive, however, tell you that have created products that  we have access, these are the Standardized Basic Insurance.

I tell you more about them ...

Standardized Basic Insurance born at the initiative of the Federal Government, they are intended to insure people against the most common risks (those that occur more often). This identified need the government to see that almost no one has insurance in Mexico and especially because it is extremely important that everyone is protected.

The risks considered most common are:

Auto Liability
Personal Accident
Medical Expenses
Life


As its name implies, the Standardized Basic Insurance offer the "basic" that can help us avoid financial expense out of our financial planning.

Do not miss the opportunity to prevent and care for what you love, remember that it is better safe than sorry.

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Thursday, March 1, 2012

ABC of insurance Part III

In Part I and II of ABC insurance, talk about the risks that the company claims and some examples of what they cover. Now in this third section we'll talk about the risks that insurers consider to create insurance.

According to insurers, What is risk?

- An event or potential event depending on chance.
- This is the protective covering property or persons shall take insurance.
- The good or person to be insured.

The risks can be insured are divided into:
- Risks that affect people.
- Risks affecting the property.
- Risks that affect others.
- Risks consequential.

COVERAGE , this term refers to the commitment to protect an insurance company agrees to various risks, which will bear the economic consequences to some extent, the above previously described in the policy that is engaged, either car, medical expenses , life, home, etc..

EXCLUSIONS are risks, real or circumstances specified in the contract and are not part of the insurance. Exclusions are those risks that arise, the insurer will not pay for damage they cause. They should also be inspected carefully when hiring insurance.

It is important that when you buy a policy you are aware and know what your coverages and exclusions, these two terms are key to making good use of your insurance.

After reviewing the information, we recommend that you read the general conditions in this document are the coverages and exclusions, so if you have an accident you know if these protected. Remember that being informed will help you make good use of your insurance.

I hope this information has been helpful, remember to keep in touch with me. Every week I'll be posting information to help you be more secure.

Tuesday, February 28, 2012

Abc of Insurance

Part I: The ABC of Insurance

Insurance is a company that offers services to protect your assets, they are sometimes complex language which we all need to know to understand what we are hiring and use it as best as possible.

Here are the most common concepts that sometimes do not know and can complicate the use of a service as useful as insurance.

An insurance is a contract whereby an insurer undertakes, by charging a premium to compensate the damage caused to another person or property, or to satisfy a capital, income or other benefits agreed. All of the above depending on the type of insurance has been hired.

AGREEMENT AND POLICY

Contract of insurance

The insurance contract is the covenant or agreement between two or more people requires the fulfillment of certain actions, for example, offer a service or pay compensation.

Through the insurance contract insurers undertake to compensate for damage if an event specified in the contract, and you pay a premium to be protected.

POLICY

The document (contract) reflecting the general rules, particular or special.

PRIMA

The premium can be known as the cost of insurance, and this is linked to certain characteristics that determine how much insurance will cost. Depending on the amount you pay for your premium will be the coverage you will receive.

Insurance companies consider 5 things to determine the value of the premium:

Level of Risk: This refers to the number of times that has happened and suddenly some kind of damage that have been generated by it (eg how many earthquakes have occurred in Mexico in the history and damage).
Statistics: This refers to how often an accident happens and average severity (ie on average how many cars of any brand were stolen last month).

Probability: this means how likely an event happens (eg a hurricane in Acapulco is somewhat likely).
Mortality Table: Number of deaths by age, occupation and gender (eg a man working in a mine is more likely to have an accident, one who works in an office).

In the first part of ABC insurance, saw the terms of insurance policy and premium. These three concepts are fundamental for when purchasing an insurance policy and pay a signature bonus. Remember not to sign your policy if you do not understand perfectly the benefits and coverage you will receive from your insurance.

Do not miss the next part of the ABC of insurance, and we will talk over these issues.

World Bank cut its global growth prospects for the eurozone

Advanced countries will grow by 1.4% and 5.4% emerging in 2012, which means a reduction of 1.3 points forecast and 0.8 points respectively.
Alert in his report on the danger of the crisis and reduced demand spread to emerging countries.
"The escalation of the crisis will leave no one unscathed," he says, recommending caution.

The World Bank (WB) on Tuesday revised downward the outlook for global growth to 2.5% by 2012 and 3.1 in 2013, dragged down by weakening the euro area and the slowdown in emerging economies, reported Tuesday multilateral organization.

The advanced countries will grow by 1.4% and emerging 5.4% in 2012, which means a reduction of 1.3 points and forecasts 0.8 points, respectively, as provided in the data provided the last year. In its latest estimates, in June 2011, the WB forecast the world economy by 3.6% for both years .

"The world economy has entered a difficult phase characterized by significant downside risks and fragility," the WB.

The great obstacle to the global economy is the situation in the euro area , where the financial uncertainty and the intensification of the fiscal crisis will enter a recession this year and is projected a negative growth of 0.3% for the European region.

However, the report notes that the recent measures taken in Europe, such as strengthening the Retirement Fund or progress toward fiscal unit in the euro area have reduced the pressure on the sovereign debt of countries like Greece, Italy, Spain or France.

Alert contagion to emerging

Nevertheless, the World Bank in its report warning about the danger of the crisis financial and demand reduction in the advanced economies are extended to the emerging countries , by ensuring the global economy could slip into a recession, "as or greater than that of 2008/09 ".

Therefore, the World Bank economists recommend to developing countries , in a scenario of declining capital flows and lower prices of raw materials, prepared with prudent macroeconomic policies.

The Bank recommends caution to emerging

" The escalation of the crisis will leave no one unscathed . growth rates in developed countries could drop as much or more than in 2008. We can not overemphasize the importance of contingency plans, "said Andrew Burns, head of the Department Macroeconomics and author of the report, told a telephone news.

Burns noted that capital flows to emerging countries has fallen by almost half in 2011 and that some of the engines of the global economy such as Russia, Brazil and India have slowed their growth as a result of domestic settings.

For the WB, the main risk is given because, unlike in the 2008 crisis, both advanced and emerging countries "have less fiscal space to provide a counter-cyclical response or to provide the same level of support troubled financial institutions. "

"Uncertainties and Vulnerabilities"

The report, entitled "Uncertainties and vulnerabilities," said the slow growth also affects international trade , with exports declining global following since 2010.

In 2010, world exports of goods and services grew 12.4%, but in 2011 recorded an increase of 6.6% and in 2012 is expected to make 4.7%.

Slow growth also affects international trade

Also, global prices of commodities have fallen 10.2% since the beginning of 2011 records and agricultural products 19%, which has direct implications for exporting countries, they can see their income reduced by about 4% of GDP.

The head of the Analysis Group of the World Bank, Hans Timmer , said that developing countries "should find advance funding for their budget deficits, prioritize spending on social safety nets and infrastructure stress testing and submit their banking institutions."

Finally, another factor that adds uncertainty to the global situation are political tensions in the Middle East that could disrupt international oil supplies, the report said.

On the positive side, the multilateral agency emphasizes the strengthening of growth in the U.S. and Japan since the intensification of the uncertainty in August 2011 but warned of challenges in both countries over the medium term because of high deficits and debt levels.