BeNew Insurance

  Endowment Insurance policy   Best Insurance Policy to Reduce Your kid’s Future Financial Risk:  As parents, we are often in a disarray on how we can secure the future finances of our children. Many things come to mind getting them a property, for example, a land or a house, engage in a monthly saving with a financial institution in a bank. Of course, all of these are good plans, contrarily looking at the financial profitability and security of such investments compare to taking an annuity insurance policy for the child or children is the best option. “Smart parents over the years have been using these insurance policies to pay their child/children college fees and stay away from debts, equally they use these policies as a medium to prepare their child/children towards a first business lumpsum fund upon maturity of the policy. What is an Endowment Insurance policy? According to the Chartered Insurance Institute CII UK (2016), an endowment policy can be described as a savings or invest

  Commercial Combined Business Insurance Policy Small Size Business Owners this is for YOU! Commercial combine policy is an insurance cover written to cover at least three or more risk that exposes a business or commercial property.  According to Marsh & Co an Independent Insurance Broker(n.d.), a commercial combined insurance policy is a comprehensive business cover in a single policy, bringing together a range of the covers most commonly required, primarily designed for smaller businesses. The standard cover accepted by insurers for this kind of business include; fire, theft, goods in transit, employers liability, public liability,  money, glass, electronic equipment, assaults, personal accident, business interruption (BI), and more base on the type of business you operate.  It should be noted that apart from the standard covers above there are some covers that an insured can request for, to be included in the policy as an EXTENSION and it is optional for an additional premium

  INSURANCE 101 AN OVERVIEW Introduction In the past present and future humanity has been, is, and will be faced with risks that may hamper our normal lifestyles and the running of our businesses. The concept of insurance started as far back as the 18th Century when Ship merchants decided to minimize their losses during their voyage at sea by contributing to a pool and compensate any of them that is faced with an eventuality during his/her voyage at sea. Today the concept has metamorphosed and been applied to a variety of products and services, divided into two main broad categories; Life and Non-Life (General) Insurances. What is Insurance? Insurance is a risk transfer mechanism. It is the concept of the contribution of many (premium) paying for the losses of a few. The premium varies from one policyholder depending on the risk exposure, The malta Training Centre, (2017). There are many advantages why we should or must insure ourselves and propensity against unforeseen eventualities,