The Daily Horizon

Featured Article

WHAT is Utilities expense normal balance?

Normal Balances: Since debits increase asset and expense accounts, they normally have debit balances. On the other hand, because credits increase liabilit...

Read Full Article Browse global events

Knowledge Base

Latest insights and tutorials from the The Daily Horizon team.

What is Maximiser v fund?

Maximiser Fund V is a Unit Linked Insurance Plan (ULIP) or an insurance plan with investment element in it. Buy a pure term insurance policy to secure an ...

Is car totaled if frame is damaged?

However, frame damage does not guarantee the vehicle is considered a total loss. Insurance companies consider a vehicle to be totaled if the cost of the n...

What happens if the police catch you driving without insurance?

Yes, if you are stopped by the police on a road and they find you have no insurance they can take the vehicle off you and charge you for transportation an...

How do I change ownership of my insurance?

Original policy copy and certificate of insurance (also called Form 51). Form 29 (notice of transfer of ownership of a motor vehicle). Form 30 (applicatio...

What is difference between health insurance and medical insurance?

A mediclaim plan provides coverage only for hospitalization, accident-related treatment and pre-decided diseases for a pre-specified limit. A health insur...

Will insurance cover a tubal reversal?

Insurance doesn’t typically cover the procedure. Tubal reversal is expensive — several thousand dollars for the surgery, along with anesthesia and hospita...

What could lower the premium of a proposed disability income policy?

Which of the following could lower the premium of a proposed disability income policy? “Increasing the elimination period”. are not payable. The longer th...

Can I get temporary car insurance for a week?

Reputable insurers generally don’t offer temporary car insurance. You can only buy an auto insurance policy in six-month or one-year increments, though ma...

Is homeowner insurance necessary?

A: Home insurance isn’t required by law, but there are other reasons to insure your home. If you have a mortgage on it, your lender will require you to ha...