Abhishek Purohit, Author at SMIFS Finance Limited

What Is An Insurance Premium? How Does It Work & How Is It Calculated?

February 16, 2024
Abhishek Purohit

An insurance premium is the amount of money paid by an individual or corporation for an insurance policy. Insurance premiums are paid for plans that provide healthcare, vehicle, house, and life insurance. Once earned, the premium provides money to the insurance business. It also constitutes a liability since the insurer must provide coverage for claims […]

What is General Insurance? Its Types – Key Points To Remember Before Buying

February 15, 2024
Abhishek Purohit

The world is extremely unpredictable, and that’s exactly why insurance is the best way to live a risk-free existence. However, when selecting a General Insurance, you may encounter various questions, such as, “What is a General Insurance in India?” or “What are the benefits”? Well, this blog will rightfully answer all your questions. General insurance is […]

What is Life Insurance? How Does It Work & What Are It’s Types?

February 13, 2024
Abhishek Purohit

We are sure you’ve come across banners and agents who ask you to buy insurance and even more specifically, life insurance. However, are you aware of what life insurance is? Do you have an insurance policy? If, not then this blog is an ideal reading for you. Come let’s discuss life insurance and how it […]

are-you-covered-healthcare-insurance-protection-concept

What is Insurance? Its History, Definition, Types, & Components

February 9, 2024
Abhishek Purohit

The Oriental Life Insurance Company was established in Kolkata in 1818 by pioneering British merchants, laying the groundwork for insurance in India. This watershed moment signaled the commencement of formal insurance, which provided a financial safety net. As time passed, the notion persisted, giving rise to a slew of insurance businesses through future innovations. This […]