August 2022


What Is Covered by Your Life Insurance?

One of the most important financial products that should be a part of any good portfolio is a life insurance policy. Buying this product is all the more important when you are the primary breadwinner of the family. Life insurance plans ensure that, if an unfortunate event were to strike you, your family does not have to suffer major financial losses.

Like with other kinds of insurance plans, a life insurance policy, too, has its lists of inclusions and exclusions. Even though most insurers aim to provide comprehensive coverage to their policyholders, they may not be able to cover all kinds of deaths. Before you buy a life plan, you must know what kinds of deaths are commonly covered and which may be excluded.We provide a list of the same.

Coverage of life insurance

  • Death by natural causes

This is the primary coverage provided by all term insurance policies. If the policyholder passes away due to natural causes, then the family members receive the death benefit amount. This benefit is determined by the premium you pay. To create the right balance between the premium and the sum assured, one must use a life insurance premium calculator.

  • Death due to health-related reasons

If the policyholder passes away due to a health condition, then, too, the death benefit is provided. One must read the policy wordings carefully to check the waiting period for certain diseases. In the event of a pre-existing disease, the insurer may have a waiting period of a few years before the coverage kicks in.

  • Death due to suicide (conditional)

If the demise has occurred as a result of the policyholder committing suicide within one year of the beginning of the policy, then a certain portion of the sum assured is provided to the nominees. If the suicide occurs post one year, the nominees can receive the full sum assured amount.

However, not all life insurance plans cover deaths due to suicide. It is always advisable to read the policy wordings carefully to gain clarity on this matter.

  • Death due to an accident

Deaths caused as a result of accidents are also covered by most life insurance policies. The manner in which the accident was caused is also taken into consideration. For instance, if the accident occurred as a result of alcohol intoxication, the claim can be rejected, and the life cover amount withheld.

Additional coverage provided by add-ons

You can increase the level of financial coverage by opting for life insurance rider plans at the cost of an extra premium. Some popular rider plans include:

  • Critical illness rider

If the insured person is diagnosed with a critical illness covered by the policy, they receive a benefit amount as prescribed in the policy. The benefit amount may differ as per the severity and type of the critical illness.

  • Accidental death benefit rider

Even though accidental death is already covered by the base policy, this rider provides an additional benefit amount on top of the sum assured.

  • Accidental total permanent disability rider

If an accident leads to a total permanent disability, then this rider provides a benefit amount to the insured members. The amount from these life insurance rider plans can help the insured members deal with the financial problems that may occur as a result of a lack of employment or regular income.

Common life insurance exclusions

  • Death due to criminal activity

If the insured person has passed away as a result of involvement in criminal activities, then the claim for compensation can be easily rejected.

This includes not just the participation of the insured member, but also any criminal action of the beneficiary towards the insured.

  • Death due to alcohol/substance abuse

If the death of the policyholder is traced to alcohol or substance abuse, then the insurer is entitled to reject any claims arising from the same.

  • Death due to excluded diseases

Some diseases are not covered by most life insurance plans. For instance, severe mental illnesses may not be included. Furthermore, diseases such as HIV/AIDS may not be covered as well.

Also, note that adding riders to your plan may also lead to a small hike in your premium. You can get an estimate of the same with the help of a life insurance premium calculator.

For a detailed list of inclusions and exclusions present in your policy, you should read the policy wordings carefully. If you have any doubts regarding the same, do not hesitate to reach out to your insurer.

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The Right MF Ceiling System Helps a Lot With Acoustics

An acoustic metal furring system, or MF ceiling, allows for a seamless and smooth finish because of the way it is designed, which is why so many home builders and DIY enthusiasts choose them for a home or office. It is also a way to get much better acoustics in a particular room. If you choose to do this job yourself, you’ll need to know the approximate square footage of each room, but if you need further assistance, the companies that sell all of the equipment and accessories can help.

High-Quality Parts Are What Matter

The good thing about installing an acoustic MF ceiling is that most places that sell the items you need will sell everything as a kit, which means you can buy the kit and get started on the work immediately. You’ll have plasterboard, channels, angles, and everything else you’ll need to complete the project successfully. Most companies even have online calculators on their websites that allow you to enter a few numbers, and they’ll let you know exactly what you need to purchase.

Even better, the kits are great regardless of the type or size of ceiling you wish to work on because they are personalised to meet your needs. It’s a great way to pick up all the supplies you need at one time and know for sure that you have everything you need to make sure your acoustic ceiling is installed quickly and without any flaws. Remember, the only thing you’ll need is the square footage of the room you’ll be working on, and the rest is very easy.

It Matters Which Shop You Use

When you’re shopping for MF ceiling products, you want only the best products available. A reputable shop will provide you with everything you need for whatever project you intend to complete. MF ceiling systems are very versatile and offer numerous advantages over basic timber systems. They are also much less expensive to maintain and repair. When you compare the different ceiling systems, you’ll likely choose these acoustic systems, not just for noise reduction but for other reasons as well.

Whatever you need for your next project, it’s good to know there are high-quality products out there that help you end up with a high-quality project. The all-in-one kits are an excellent idea, and even if you’re a newbie, you don’t have to worry because acoustic MF ceilings are not that difficult to learn, especially when you know there are experts around to help.

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Perks of Filling Digital Annual Reports for Your Business

The advancement of technology and many businesses shifting to the digital world has initiated the need to file their annual report digitally. The annual reports are a requirement by the state’s regulatory body that foresees businesses to ensure they are working efficiently with the set laws. This task is often challenging for most business owners who have no idea where to start. If you live in Singapore, the annual report requires help to provide an update of information such as the directors and officers for your business. However, you should not worry; try contacting the company secretary Singapore to get help with such tasks as filling the annual reports. You should note that the states have a piece of prescribed information that should be in your annual report and have a deadline on when the files should be filed, failure to which you will incur fines and even risk of closure.

 Since businesses have resolved to use the digital accounting system, they should also ensure their annual reports are submitted electrotonically. This article explores the perks of filing digital annual reports for your business.

  1. Incredible Marketing Tool

The digital annual reports can help organizations focus on their achievements which often helps to attract more investors into the company. With this report, an organization can highlight its future goals and competitive advantages. All these highlighted shareholders can share this information on the public social media platform and through emails to reach the most potential customers and investors. This is an excellent way to win the viewers’ trust in your products and attract more to your business.

  1. Helps Reach People Globally

Since the company contains different shareholders in different parts of the world, a digital annual report is an excellent way to reach them and know the company’s progress. The company secretary Singapore will help compile and file the annual digital report and ensure its availability for investors, stakeholders, and analysts. The advantage of publishing your report on social media is that it gives the public access as anybody can look for it and share it. This makes it easy for analysts and investors to note the critical aspects of your company which help open new investment opportunities in your company.

The digital annual report can be shared on all online outlets, which increases its exposure and can help increase the customer base. Customers who read your digital report can see your progress and will help create trust with your products. With the digital annual report, you can be able to reach a lot of people globally.

  1. Increased Reader Engagement

When writing an annual report, especially if you plan to attract more potential clients, you need to ensure it’s entertaining so that you can capture their attention. Using conventional annual reports might be boring since they only contain static images and text. You should consider using digital annual reports since you can use gifs, videos, animation, and links. This will help to attract t and engage your readers quickly. You can use videos such as YouTube videos to portray your business culture, take your viewers on a facility tour and highlight your achievement.

 The market has become competitive as some businesses are opting for the use of commercials and movies that help promote their products. You can create and share such videos on social media platforms and on your corporate website. The digital annual reports are easy to read and comprehend as you can search easily for the information you need.

  1. Cost-Efficient

Writing a digital annual report can be expensive at the initial stages since you might not have been well adapted to reporting electronically. There is also a lot to write at the start and many details. However, as you proceed, the time used gets reduced, and the cost becomes relatively cheap. Unlike paperwork that requires more staff to help compile and file every time you write the report, digital annual reporting only requires one expert or two for the whole process. You will also not have to write everything on your report like in paperwork; with the digital annual report, you can use the same template for your annual reports but ensure you make all the suitable corrections and edit where necessary.

  1. Reduced Environmental Impact

The digital annual reports have proved efficient and with low environmental impact. This is because you don’t waste any resources when using digital platforms. The paperwork has a very negative impact, which spoils the environment. Most investors have become environmentally sensitive, and digital reporting can help prove that your business is critical in ensuring a green environment. It is essential as a business to embrace digital annual reports to reduce the paperwork, which often pollutes the environment on poor disposal.

  1. Easy to Edit Report

When filling reports, there is a high chance that you might be making some errors which most times get challenging to trace and correct. Filing a false annual report has a lot of consequences, as you can be charged extra taxes due to a financial error. However, with the digital annual report, you have enough time to check since the editing is easy. When you notice a mistake, you can quickly correct the error before proceeding. All typos can be fixed quickly, and you can correct and upload the correct version on your website. A mistake can also alarm your investors or potential investors, and losing them will affect your business and finances ideally.

  1. Has Better Monitoring and Tracking

The advantage of a company using digital annual reports is that they can track and monitor how many people have viewed them. This will help know the best methods to use to reach the majority of people worldwide. The companies can also measure user engagement by knowing what links, videos, or buttons the reader clicked within the report. This will help you know what to improve and the best method to engage your viewers.

  1. Its legal Obligation

Availing the digital annual reports helps your company execute its legal obligation by the transparency directive. This directive ensures that all issuers whose securities are admitted to trading on a regulated market present digital annual reports in the European single electronic format. This gives investors and potential clients assurance that the company is legit and they can monitor your company’s progress.

Bottom Line!

You should consider creating annual digital reports as they have many advantages for your company. File it well and highlight all your success and plans to help people see the progress of your work.

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Factors to Consider for Choosing the Best Office Fitout Company

The right office fit-out is an incredibly exciting project for any business. One of the most important aspects of designing a newly renovated office space is to consider and do planning for the future. It can transform your space from a boring desk farm into an on-brand, modern and collaborative workspace. More importantly, it can also improve your employees’ performance, and help you attract and retain ample talent.

However, finding an experienced office fit-out company is quite an overwhelming task. If you are looking for the best results after carrying out office fitouts Melbourne, you need to choose a reputable and professional company like Ultimate Chippy.

Even a small amount of research can help you find the right office fit-out company, thus allowing you to get optimal outcomes, while still paying the lowest price.

Here are some tips to choose the best office fit-out company:

  • Expertise & experience

If you need to choose the best among a few potential office fit-out companies, you must always choose the one with good experience and expertise. This simply means that you can trust that they will execute the job efficiently, the first time. And most important that they will complete the task within your set budget constraints as well. In addition to that, their meticulous attention to every small detail will certainly minimize any risk of complications.

  • Assess flexibility

Reputable office fitouts Melbourne like Ultimate Chippy is flexible and can accommodate your requirement and preferences as well. This even means that they are approachable and offer perfect solutions which match your workspace. Additionally, it is always recommended that you select a company that provides work outside your regular business hours. The reason is – fitouts can help lessen unnecessary disruptions during your productive hours.

  • Quality is essential

Many office fitouts companies like to display their previous projects on social media and/or on their website. It is a great idea to go through their recent projects since it will allow you to see the quality of their work, their style quotient, and their work complexities as well.

A few experienced companies even offer all information not only on the duration of every project but also the cost of office fit-outs. This really helps you to get a well-rounded view of any potential fit-out company and whether you want to hire them or not. 

  • Does the company offer design?

If you have finally chosen a few fitout companies and tossing up between two to three service providers, finalize the one that meets your business’s specific requirement. An office fit-out company with great experience in designing meticulous office spaces must be able to take your ideas and thoughts and then reflect them in a customize design space. This will not only look good aesthetically but also works practical and durable in the long run.

Choose Ultimate Chippy, if you are looking for one of the best office fitouts Melbourne. They not only provide professional advice but also assistance on a regular basis. So, if you need high- a standard fit-out job to be done within your budget, contact Ultimate Chippy today.

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