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AXIS Capital is a group of global insurer and reinsurer, providing clients and distribution partners with a broad range of specialized risk transfer products and services, i.e. health insurance. We serve a host of industries and diverse coverage needs through our operating subsidiaries and branch offices in Bermuda, Australia, Canada, Europe, Latin America, Singapore and the United States. The company also service SE Asian countries such as Jakarta Indonesia, KL Malaysia and many more. Nowadays it is common for an individual to be covered by two, or even three, health insurance policies. One reason for this is the increase in the price of health-care services in the past decade. Ages ago health insurance cover was considered fairly sufficient for an entire family. Nowadays, it will hardly be sufficient to pay for a five-day stay in a hospital and hearing all about the complaints. Furthermore, medical insurance cover from employers is insufficient. In both conditions, one has to buy another policy. But while a larger insurance cover is a good thing, multiple health insurance policies can lead to confusion when making a claim. To avoid misinterpretations ask these questions, like should a person claim only from one insurer or does he need to inform his insurer about the additional covers? Maybe ask, will the hospital permit two cashless claims for the same illness or will he get the no-claim bonus if the second policy is not invoked? It's all rather unclear for the policyholder, who may possibly be under strain due to the illness. The first thing to know is that it pays to apprise all insurers every time there is a hospitalization. This does not mean that one can distinctly claim the expenses from each of them. "You cannot profit from a medical insurance plan," says Joydeep Roy, chief executive of L&T General Insurance Company. Review, since you may want to know why the person would claim from the second policy. After all, isn't his money c

AXIS Capital is a group of global insurer and reinsurer, providing clients and distribution partners with a broad range of specialized risk transfer products and services, i.e. health insurance. We serve a host of industries and diverse coverage needs through our operating subsidiaries and branch offices in Bermuda, Australia, Canada, Europe, Latin America, Singapore and the United States. The company also service SE Asian countries such as Jakarta Indonesia, KL Malaysia and many more. Know why you need it Despite the fact most people may require life insurance at some point in their life; it is a warning not to buy a policy just for the reason that you heard it was a good idea. Even though you don't have any of these needs instantly, you still may want to think through buying a small "starter" policy, if you forestall you will have them in the future. It is because the younger you are, the less costly life insurance will be. Conclude the amount of coverage you need The amount of money your family or heirs will obtain after your passing away is called a death benefit. To ascertain the right amount of life insurance an online calculator, like the one available at Axis site, can be useful. You can as well get an approximate figure by any number of formulas. The simplest way is to merely take your yearly salary and multiply by 8. Discover the right kind of policy As soon as you decipher how much coverage you'll require, you can deliberate regarding the best type of policy to meet your needs. You have two main choices: Term Life, for a more affordable premium, or Whole Life, for more comprehensive coverage that can add cash value. However you have many choices to explore. Review the quality of the provider An insurance policy is simply as good as the company that supports it. You would like to make certain you pick a company that is not a scam and you can trust on to be there for as long as you'll need your coverage, and that makes intellig

Jakarta, Indonesia - Choosing the right insurance coverage isn't easy. If you are under-insured, you could be left with unpaid claims. Sometimes, it doesn't make sense to insure the contents of your home for much less than they are worth, you could be paying for more coverage types than you need. The key is in knowing what's covered and what's not. Account for any recent remodels and look to see if your current coverage keeps pace with inflation.Axis Capital, a group of insurers and reinsurers with the main location in Bermuda and with international branch in UK, US, Singapore and Australia has listed some steps for you to know if you are under or over insured. What you need is coverage that's just right. Here's how to get it, and it shouldn't take more than 4 or 5 hours of your time spent reviewing your homeowner's insurance policy, talking to your agent, and doing a little research. Step 1 Pull out your policy before the annual renewal date. Check for coverage limits, exclusions and restrictions. Always remember that all homeowners insurance isn't created equal. That's why it pays to review your coverage every year to ensure your policy meets your evolving needs. Begin by understanding the types of coverage available. Step 2 Estimate the value of your home's contents. Unless you do a complete inventory of your household furnishings and personal possessions, the things you own could be worth a lot more than you think. Replacement cost coverage is more expensive but usually insures your personal property for what it costs to buy new. Step 3 If you have recently remodeled your house, you should increase your coverage. It is a general rule of thumb to increase coverage once you have completely remodeled project that cost more than at least 5% of