Abbreviated as CLHIA the history of Canadian life and health insurance can be traced back to 1894 when the Canadian life and health insurance association came into being. The organization finds its roots in Global Federation of Insurance Associations which is the largest insurance organization of the world. About 87% of the premiums of the world are related to this organization. The Canadian insurance system is highly regulated and one of the safest systems in the world. The private member bill was passed in 2010 which was strongly opposed by the political parties all over Canada. It is all because of the fact that the bill puts the burden on the consumers of the service. The higher profits are also something which this bill promises to the companies. (more…)
Drivers in B.C have another bad news waiting for them. Soon they are to become the highest paying province for auto insurance.
The news comes in the face of yet another increase of rates in November by the ICBC. By next year B.C. will overtake Ontario which till date has the most expensive auto insurance rates in Canada. (more…)
What is common between weddings and insurance policies?
Someone asking this question is liable to be considered mad. But as it turns out, you can also ensure your wedding! Being a couple means a lot of mutual financial matters and wedding is a start of it.
Of course, you are not going to get coverage if your bride runs away! But pretty much everything apart from it can be covered with a wedding insurance policy. (more…)
Old age is irreversible along with the diseases and ailments that are associated with it. Advance in science and medicine has given a long life to the population but keeping oneself fit is a different story.
Many old people come to a point that they are unable to take care of themselves. They have to hire somebody to look after them and that can also be for longer periods. It may come as a respite that people can sign up for long-term care insurance which takes care of some of the financial burden. But that too may be lost out very soon! (more…)