Choosing the right insurance policy is a critical decision for protecting your finances, health, and assets . With countless options available, it’s…
AsuransiKit is your go-to resource for understanding insurance and financial protection. We provide practical guides, product comparisons, claim tips, and expert advice to help you choose the right insurance for health, life, vehicles, travel, and property. Whether you’re new to insurance or looking to optimize your coverage, AsuransiKit makes complex insurance topics simple, actionable, and easy to follow.
An insurance claim is a formal request to your insurance company asking for coverage or compensation for a covered loss. Whether it’s health, auto, …
Insurance is more than just a safety net; it’s a crucial part of your financial plan that protects you, your loved ones, and your valuable assets fro…
Insurance is a critical part of financial planning, yet finding the right coverage at an affordable price can be challenging . Whether it’s health, a…
I nsurance may feel overwhelming when you’re a young adult, especially if you’re just starting your career, renting your first apartment, or buying y…
Choosing the right car insurance is a crucial decision for every vehicle owner. Car insurance not only protects your vehicle but also safeguards your…
Operating Framework of Tafakul and Conventional Insurance . The operational framework of conventional insurance is based on “risk assumption” but Tak…
Conceptual Framework of Tafakul and Conventional Insurance . Literature on Takaful has considerably grown during the last three decades. Most of the …
Takaful Models . There are various models adopted in different Muslim countries, the one model is Mudarabah Model which describes that all policyhold…
Tafakul: The Islamic Insurance is the Islamic alternative to conventional insurance which is based on the idea of social solidarity, cooperation and…
Marine insurance is an essential aspect of global trade and shipping. It provides financial protection against losses or damages to ships, cargo, ter…
International trade forms the backbone of the global economy, and marine transport is responsible for carrying around 90% of global trade volumes. W…
A contract of marine insurance is an agreement whereby the insurer undertakes to indemnify the insured, in the manner and to the extent thereby agre…
In India, under fire insurance policy, in addition to fire, other perils are also included and the policy is known as “Standard Fire and Allied Peril…
Fire insurance is a type of property insurance policy that provides financial protection against losses or damages caused by fire. It is essential f…
The term fire in a fire insurance is interpreted in the literal and popular sense. There is fire when something burns. In other words fire means visi…
Most claims are paid in single lump sum. In case of a small sum assured, this lump sum payment may become necessary for immediate needs. (However, wh…
When a policy has not acquired paid up value and claim concession rules are not applicable, nothing is payable in case of death. However some insurer…
Normally, a death claim becomes payable so long as the policy is kept in force by payment of due premium. In other words if the payment of premium is…
It is a premature claim if the death has occurred within two years from the commencement of the policy or the date of last revival, or medical examin…