Sum Insured vs Sum Assured: Why the Terms Are Not Interchangeable
Sum Insured and Sum Assured may sound almost identical, but they are generally used in different types of insurance and...
Insurance
Policy Lapse vs Policy Cancellation: Important Differences
The terms policy lapse and policy cancellation are sometimes used interchangeably, but they describe different situations in insurance. Both can...
Why Insurance Premiums Can Increase With Age
Insurance premiums can change as a person gets older, but the reason depends heavily on the type of insurance involved....
IPO Listing Price vs Issue Price: How Is the Listing Price Determined?
When a company launches an Initial Public Offering (IPO), investors often see two important prices: the IPO issue price and...
Why Insurance Companies Ask About Occupation and Hobbies?
When applying for insurance, you may be asked questions that seem unrelated to the policy you are purchasing. For example:...
Moral Hazard in Insurance: Why Policyholder Behaviour Matters
Insurance is designed to protect people from financial losses caused by uncertain events. However, once a person has insurance coverage,...
Insurance Claim Ratio vs Claim Settlement Ratio: What Do They Actually Mean?
When people compare insurance companies, two numbers often appear: Claim Ratio and Claim Settlement Ratio. These terms can sound similar,...
