Factors Influencing The Insurance Amount

Everybody in their lifetime will require medical assistance. Commercial insurance provides medical insurance to help equip the employees in the case of sudden mishaps. Without good health, an employee cannot contribute a 100% to his company. When health is hampered, mental stability is disturbed which causes a hindrance to the employee’s productivity. Medical insurance is a great way to provide financially if you are ever unable to support your loved ones due to unexpected medical problems. Residential workers insurance as well as foreign workers medical insurance is provided. A small saving every month matures into a big investment over a period of time. Insurers are companies that provide insurance to individuals or corporate. In either case, certain aspects are taken into consideration before giving the individual an insurance policy. The factors influencing the insurance amount are as follows:

1)Age this is the most important factor that influences the insurance plan. The older you are the higher will be the monthly amount deducted from your payroll. As you are closer to getting naturally affected health wise, companies do not take their chances by providing premiums by charging less.

2)Gender as women and men work with similar payrolls, yet there are certain disparities when it comes to insurance plans. In some cases, as women live longer than men according to certain studies, the premium amount for women is lesser compared to what the men pay. On the other hand, women are more prone to visiting the doctor regularly for check-ups. They are also more likely to contract certain chronic diseases than men. Women also take prescriptions and need medical assistance for pre, during and post pregnancy. These factors cause women to pay a higher premium as compared to men. This differs from country to country.

3)Lifestyle high risk activities like mountain climbing, deep sea diving and race car driving are certain passions people share. In their leisure time, they like to engage in such activities as they have proved to be a change from routine, a more productive way to vent out frustration and good exercise. But such activities are life threatening and such individuals must pay a higher premium. A high risk profession like transportation, mining and fishing are also considered as high risk lifestyle.

4)Habits smoking, use of tobacco and drinking are some unhealthy habits that are taken into account. As major organs are directly affected by such habits, it is common for such employees to pay almost twice the amount the other employees would pay as premium.

5)BMI a person with higher body mass index is known to suffer from health issues like diabetes, high cholesterol, and high blood pressure. The individual has to pay higher in such cases. Similar is the situation when family medical history is taken into consideration. Diseases and illnesses running in the family that is likely to affect the employee are taken into account.

These are the most influential aspects that affect the amount payable as medical insurance.

The Lowdown on Commercial Vehicle Insurance Claims

It is not an easy job running a business when the expenditure spirals out of control and profit margins do not show any sign of improvement. Let us look objectively at the industry that has been reeling under because of a variety of factors, some because of reckless driving, bad vehicles, improper roads to name a few. Here is the detailed lowdown on the commercial auto insurance industry and the procedure of staking your claim with a claim.

Commercial vehicular insurance has been heightened with claims that are primarily related to bodily damage. From an owner’s perspective, it is wise to make sure that every driver has a personal insurance coverage. If he meets with an accident while on the job, both he and the vehicle come under the purview of the insurance claim.

A business that has not accrued any claims for many years is entitled to a variety of benefits by the insurance service provider. From the perspective of the business, it is wise, while renewing the premium for the following year, to cash in on this immediately. As the renewal goes on, one can up the ante and get a better comprehensive coverage.

Claims come under two categories – one concentrates on personal injury to the driver, passengers or travelers on the road. The other – is for damage to the owner’s vehicle. Both can be clubbed together in a wide reaching policy.

It is a requirement by law and by the insurance service provider to report the incident immediately, both to the police and to the insurance agency. If the driver of the vehicle has been hit by another vehicle, he must get the insurance details of the vehicle and inform the insurance provider for that vehicle. The driver is further able to claim damages, if any, to his person and on the vehicle.

Every insurance company has a surveyor who accesses the extent of damage. The driver or the owner of the vehicle must never move the vehicle unless he has the permission of the policy and the insurance agency.

When making a claim for the commercial vehicle insurance in Singapore, all the documents must be submitted to the insurance agency. Documentation is essential to ensure that you get your just dues. Many firms provide a cashless commercial auto insurance coverage, which is a wise consideration. Before going ahead and buying insurance, read up on the website http://allegiance.com.sg/ that throws open plenty of details pertaining to the medium.

Look at Red mortality rates too

From the January 2005 Harper’s Index:

  • Average number of suicides per 100,000 residents in states carried by President Bush in November: 13.5
  • Average number in states carried by John Kerry: 9.9

and:

  • Hours after Kerry conceded that a New Yorker posted a personal ad seeking a Bush supporter for a “fair, physical fight”: 5
  • Number of people that volunteered within twenty-four hours: 3
  • Number who asked to watch: 9

No replies expected, I just thought others might get a kick out of this too. But as the first poster, I’d like to express a welcome for equal-opportunity venting.