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Best Insurance Policy, Investment and Trading Ideas for 2022

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Insurance policies provide protection against the various types of uncertainties that can occur in the life of an individual. Having health insurance can help you cover up for the expenses paid for any diseases, while an accident insurance can help you in getting cover for any kind of accidents that may occur.

1. Life Insurance

Life insurance is a type of insurance policy in which the insurance company undertakes the task of insuring the life of the policyholder for a premium that is paid on a daily/monthly/quarterly/yearly basis.

Life Insurance policy is regarded as a protection against the uncertainties of life. It may be defined as a contract between the insurer and insured in which the insurer agrees to pay the insured a sum of money in the case of cessation of life of the individual (insured) or after the end of the policy term.

For availing life insurance policy the person needs to provide some details like age, medical history and any type of smoking or drinking habits.

As there are many requirements of persons for availing a life insurance, the requirements can be needs of family, education, investment for old age, etc. It's good to Invest money in good Investment firms and Ventures.

Some of the types of life insurance policies that are prevalent in the market are:

a. Whole life policy: As the name suggests, in this kind of policy the amount that is insured will only be paid out to the person who is nominated and it is only payable on the death of the insured.

Some insurance policies have the requirement that premium should be paid for the whole life while others may be restricted to payment for 20 or 30 years.

b. Endowment life insurance policy: In this type of policy the insurer undertakes to pay a fixed sum to the insured once the required number of years are completed or there is death of the insured.

c. Joint life policy: It is that type of policy where the life insurance is availed by two persons, the premium for such a policy is paid either jointly or by each individual in the form of installments or a lump sum amount.

In the case of such a policy the assured sum is provided to both or any one of the survivors upon the death of any policyholder. These types of policy are taken mostly by husband and wife or between two partners in a business firm.

Health Insurance: 

Health insurance is an effective safeguard for protection against rising healthcare costs. Health insurance is a contract that is made between an insurer and an individual or a group where the insurer agrees to provide health insurance against certain types of illnesses to the insured individual or individuals.

The premium can be paid in installments or as a lump sum amount and health insurance policy is renewed every year by paying the premium.

The health insurance claims can be done either directly in cashless or reimbursement availed after treatment is done. Health insurance is available in the form of Mediclaim policy in India.

d. Motor vehicle insurance: Motor vehicle insurance is a popular option for the owners of motor vehicles. Here the owners’ liability to compensate individuals killed by negligence of motorists is borne by the insurance company.

e. Car Insurance: In case of cattle insurance, the owner of the cattle receives an amount in the event of death of the cattle due to accident, disease or during pregnancy.

f. Educational Insurance or Loan/Mortgage for Higher Education: 

This type insurance is a contract for providing financial support to the students in the event of studies and supporting them financially.

Types of Trading and Investment Techniques

Intraday trading

Intraday trading is also known as day trading. If an investor buys and sells stocks within the same specific day, then it is called intraday trading. It directly means that if an investor buys a set of shares on a day, they must sell those shares by the end of the same day, before the market closes for the day. This form of trading lets the investors make use of margins, where they avail credit from a broker.

Positional trading

Positional trading is the form of trading that relies on a ‘buy and hold strategy. It requires the traders to hold stocks for a long period of time. Traders who would like to respond to even the slightest movements in the market, opt for day trading whereas positional trading yields profits only when the traders wait for a significant rise in the prices.

Fundamental trading

Traders involved in fundamental trading are well-known for their fundamental analysis with respect to the company’s data and further growth estimations. There is a special focus on the events related to the company.

This type of trading is also called a borderline investment which is because fundamental traders do believe in a ‘buy and hold strategy, leading to long term trading i.e., investment.

In addition, they are well aware of the company’s growth, management potential, financial stability and thus these traders wait for further momentum for high returns.

Technical trading

Technical trading is done through efficient technical market analysis. This kind of analysis helps the traders to understand the price changes of stocks and make trading decisions accordingly.

A technical trader can be successful through his capability to do research and required knowledge about the stocks. This form of trading would need the trader to be able to read the charts and graphs containing information clearly. Moreover, the risk involved in this type of trading is comparatively high and tracking the patterns is crucial. Investment is the crucial part of Trading.