The Daily Horizon

Featured Article

Who owns stock in an insurance company?

shareholders A stock insurance company is a corporation owned by its stockholders or shareholders, and its objective is to make a profit for them. Policyh...

Read Full Article Browse culture

Knowledge Base

Latest insights and tutorials from the The Daily Horizon team.

What is typical settlement for pain and suffering?

If the $5,000 in medical bills are from going to a chiropractor to treat whiplash and minor back pain, then you can expect to receive a pain and suffering...

What happens to your insurance premium as your deductible goes up?

In most cases, the higher a plan’s deductible, the lower the premium. The lower a plan’s deductible, the higher the premium. You’ll pay more each month, b...

Is insurance claim tax free?

As per section 80C of the Indian income tax act, an insured is eligible for the tax exemption on the payout received at the end of the term period. The li...

What does third party liability coverage mean?

Third-Party Liability Coverage — in general, any type of insurance covering the legal liability of one party to another party. For example, commercial gen...

Can I add my 22 year old daughter to my health insurance?

Under current law, if your plan covers children, you can now add or keep your children on your health insurance policy until they turn 26 years old. Child...

Does liability insurance cover someone hitting me?

Liability coverage helps pay for someone else’s expenses if you cause a car accident that injures them or damages their property. If your car is hit by an...

What is outpatient cover in health insurance?

OPD cover enables you to claim for expenses incurred, without being hospitalised. These policies also cover the cost of medicines, with diagnostics or min...

Does your spouse have to be on your car insurance policy?

No. You do not have to add your spouse to your car insurance. Most car insurance companies will want all licensed members of your household listed as driv...

How is annuity related to life insurance?

Life insurance and annuities both allow individuals to invest on a tax-deferred basis. Life insurance pays an individual’s loved ones after they die. Annu...