2i Sight

We have previously discussed the importance of medical insurance. However, when we think of insurance, life insurance often comes to mind. These two insurances serve different purposes. Today, we'll learn about the basic differences between life insurance and medical insurance. Additionally, we'll explore whether insurance can be considered an investment. Life Insurance:       Life insurance is a policy we can obtain to protect our dependents.  For example, if a family relies on one person's income and has no other financial assets, their well-being would be severely affected if that person were to pass away. But with life insurance, the family would receive the sum insured in the policy, which can save them from financial difficulties. Medical Insurance:      Health insurance does not provide money to the insured person's family like life insurance does. Instead, it covers the insured person's medical needs.  If the insured person faces any illne...

Understanding the importance of medical insurance is essential because we have already discussed why it is necessary. But it's equally important to choose the right health insurance. Today, we will discuss 10 factors to consider before choosing health insurance. Let's explore these factors: 1. Insurance company: First, determine if the insurance company is reliable. Consider their customer service and the ease of receiving insurance benefits. 2. Claim settlement ratio: This ratio indicates the percentage of insured individuals who have received the insurance amount they requested. A higher ratio signifies that more people are being paid by the company. Therefore, choose accordingly. 3. Pre and post-hospitalization: Check if your medical insurance covers expenses before and after hospitalization, including tests and prescribed medications. 4. One-day medical expenses: Some medical treatments are completed within a day but can be quite expensive. Verify whether such one-day m...

In today's world, the number of diseases is increasing, and so are medical expenses. This is a concerning situation that many of us worry about. However, there is a solution to overcome these challenges: health insurance. So, what exactly is health insurance?  Let's delve into its meaning and significance. Health insurance is a type of insurance that we can obtain to prepare for our future medical needs.  It serves as a financial support system in case we fall ill, experience an accident, or require any other medical assistance. Imagine a scenario where we don't have substantial financial assets or significant savings. Meanwhile, the well-being of our family relies on our income. If we or any of our family members were to get sick during such circumstances, we would face severe difficulties due to the high cost of medical treatment. Moreover, if we lack sufficient funds to treat the illness, it could even result in death. This is where health insurance plays a crucial role...

We often hear the saying, "Don't jump into something without understanding it fully." This applies to investing in the stock market as well. Before investing, it's important to have complete information about it. Today, we will learn about three key values in the stock market: Face Value, Book Value, and Market Value Face Value: The face value of a company refers to the initial value of a share when the company is started.  For instance, if $10,000 is invested in a company and it is divided into 1,000 shares, the face value of each share is $10. Investment                                      $10000 ----------------- = Face value  $10   Number of shares                               1000 Book Value: The book value of a company is the current value of the company, which is calculated by subtract...