The insurance business is full of cases. Learning Insurance through such cases can be interesting, long lasting and easy to apply.
Some Likely Insurance Cases
An Insurance company gets a difficult claim situation and handles that to the satisfaction of both the parties, insured as well as the insurer. An underwriter applies some scientific technique to create a win-win situation and brings a good business for the company. A non-life Insurance Company uses certain patterns in data to effectively avoid certain type of frauds from happening. A Life Insurance Company develops alternative products and tests these alternatives by simulating on a market model to choose the product to be launched. An Insurance company introduces innovative distribution channel for some micro-insurance products that brought a turn around in the business. The list is endless.
Similarly, there may be some unpleasant cases also. For example, ignoring certain norms and getting caught under regulations, misjudging certain risk before insuring which resulted in huge loss to the company, implementing some project within the organization and not able to use that, denying claims resulting in bad reputation in the market, missing critical requirements in IT implementation project, wrong allocation of resources in IT project implementation, etc.
College students certainly have their work cut out for them in more ways than one. These years are often the most difficult for many individuals and yet happily, they manage to remain the most enjoyable. The combination of new responsibility and greater levels of freedom make it necessary for young adults to quickly learn the budgeting skills that will ensure their survival in the great, wide world.
One major aspect of this is learning to take advantage of every possible savings opportunity. For vehicle owners, this means working hard to earn good grades in order to benefit from the good student discounts that are offered by automobile insurers and a broad range of other companies that offer advantages to dedicated scholars. It also means being diligent enough to pursue these opportunities in order to ensure that they are received.
Clipping coupons is another important part of budgeting. Young adults will find that they can eat better and enjoy a higher quality of personal hygiene products by taking advantage of manufacturer and retailer discounts. These can be clipped from print ads or printed from online sources. When two or more offers are used in tandem with each other, it is possible to receive some items at absolutely no cost.
So, you’ve lived in halls and want to move on to bigger and better things? Or you don’t fancy the twenty-people-to-one-kitchen-and-bathroom scenario? Then consider renting through a lettings agency.
Location, Location, Location
It’s a cliché, but the area you choose to live in is probably the most important factor in choosing a rental property. After all, it’s going to be your home for the next year. As a student renter, you need to balance a few things out; you want to think about safety, but the more upmarket the area, the higher the rents are. You want to be near to the university, but perhaps also to the nightlife and shops. Think really carefully and research the part of the city, town or village that you are considering moving into, because once you sign that contract, it’s too late to change your mind. If your parents are helping you to pay your rent, then agree a budget with them and visit a few local lettings agencies to see what is on offer; any good agent should be able to recommend areas and properties which match the most important criteria on your property wishlist.
Bike thefts are becoming increasingly common as thieves cash in on those who have dumped their cars, for more eco-friendly cycles.
Figures released last year by Halifax Home Insurance showed that a bike was stolen somewhere in the UK every 71 seconds. A total of 440,000 bikes were stolen last year and there is an increasing worry that the figures for 2007 will be higher still when released next month.
This is because local authority police figures in many areas are showing an increase in thefts across the board. Government figures for Hertfordshire for example have increased by 30 per cent since 2001, with reports of similar increases in Lancashire, Essex, Somerset and Cambridgeshire to list a few. Loughborough is one of the few places in the country to have reported a fall in bike thefts, with a drop of 20% from 2006.
The first year of University is a daunting prospect for most young people, having to move away from your parents for the first time and being independent can seem scary. One of the biggest things that I see my fellow students struggle with is controlling their finances. For some people this just comes naturally, or maybe they will have a lot of help from their parents. However for the rest of us learning to live on a very small budget when you have never previously paid too much attention your cost of living is quite a challenge. I have written this article to provide you with some tips on a few areas in which students often struggle with money.
The first piece of advice I will give you is not to buy anything silly with your student loan when you get it! This might seem obvious but many people find it hard not to go and treat themselves the second they see that £1500 sitting in their bank accounts for the first time (or even the second, third and eighth times!). This is compounded by the fact that most students have a fairly sizeable overdraft nowadays, which means you could have around £3000 of available funds, possibly for the first time in your life. If there is something you really want to buy then the best advice I can give is wait until the end of the semester to buy it. This lowers the risk of any nasty surprises causing you to run out of money before the semester is up.
Remember that your overdraft is not bottomless. If you get £1500 and you are doing a 3 year course then that means you really only get £500 of loan per year! The main use of your overdraft should be to act as a buffer in case of emergencies. I would not take it into account for my normal spending. I’d also highly recommend against getting a credit card. There should be no situation for a student in which your student loan, overdraft is not enough. If this is the case then it means you are spending too much and you most definitely should not have a credit card in this case! If you are really struggling then you should get a part time job as this will give you money instead of costing you money like a credit card. You can also get financial advice from your university and many students are eligible for certain grants without being aware of it.