Article Side

Online Article Directory!

Hello Guest! Login or Register to submit articles!

The Importance of Financial Planning and International Insurance

By Andy Robert Subscribe to RSS | April 16th 2012 | Views:
loading
 
  



Plan is the process of thinking and defining a way or series of processes and methods adopted for completion of any activity with minimum risk and maximum output. Plan plays an important role in avoiding or at least minimizing the mistakes, hazards and loss. A sound plan means more chances of achieving your goal. The planning is not only important for business and trade, but also for life of a normal human being as it has got very important role to play for a better future. Based on type of plan or target, planning can be categorized in many different types like business planning, comprehensive planning, environmental planning, financial planning, family planning, life planning, marketing plan, operation planning, etc.

The financial planning is one very important type of planning to deal with finance related matters and increasing income or profits. No matter a small or large scale business, good financial plan is a must to achieve the success. If we put this trade aside, even a salaried employee has a particular plan. Talking of business again, a financial plan may be comprised of balance sheet, income sheet and cash flow statement. Financial forecast are made and investment plan becomes part of financial plan. So financial planning can be defined as a process of paving the way for managing your finances to achieve the goals avoiding or minimizing risk factors and increasing income or profit.

A good financial plan may involve a few steps including goal establishment, data collection, evaluation of the current financial status, plan development and implementation, and monitoring of the plan. As discussed above, minimizing the risk factors is an important element of a financial plan; for this element, role of insurance companies come to the surface. Insurance means minimizing risk of uncertain loss. Insurance companies sale their policies and in return provide a cushion against the hazards. Many different kinds of insurance policies are being offered nowadays. These may include medical insurance, business insurance, national insurance, professional insurance, and international insurance.

The international insurance may include international travel, international health or international travel health insurance plans with wide range of policies providing cover to the policy holder all over the world. For example, in international travel plans insurance, the companies offer policies that cover your health, lost luggage, repatriation, trip cancellation or any other problem during your international trips for projects or clients. While international travel health insurance provides better medical cover for people during their longer foreign stays and international health insurance is for covering those individuals who have to live on foreign lands for longer periods.

Dubai is very busy place visited by millions of people every year and this is why the international insurance Dubai facility became very important component for foreign investors and workers. Many insurance companies in Dubai are providing highly exclusive services to their policy holders. Insurance Dubai is also very important as most of the construction and other professional work being done in this part of the world is carried out by international companies and high profile professionals who need to be insured to avoid any risk or hazard.

Andy Robert - About Author:
Andy Robert is a reputed insurance agent and has been working in the Insurance industry for the last five years. He has worked as a consultant with a number of reputed financial institutions and have extensive experience in Financial Planning, Property Insurance & specially International Insurance and all the latest development in Insurance Dubai trends. He is currently residing in Abu Dhabi.

Share on Facebook Tweet It Stumbleupon this post This post is delicious !

Article Source:
http://www.articleside.com/insurance-articles/the-importance-of-financial-planning-and-international-insurance.htm

Related Insurance Articles Subscribe to RSS

General and special coverage with commercial insurance
Published by Andrew Edwards on March 2nd 2012 | Insurance
Safe business is prime requirement for us; it gives us plenty of advantages which can be utilized...
 
Best and Inexpensive health insurance
Published by Lessardcasey on February 11th 2012 | Insurance
The place to start to search for inexpensive health insurance if you have a low income or if you hav...
 
Manage your business effortlessly with commercial insurance
Published by Andrew Edwards on February 16th 2012 | Insurance
If you are running a business either it is large or small, then you will understand the importance...
 
Best and Low cost medical insurance
Published by Lessardcasey on February 11th 2012 | Insurance
With swirling controversy over the availability of health insurance for all citizens of the United S...
 
Finding cheap car insurance with best coverage
Published by Robmichae on March 16th 2012 | Insurance
Everybody is seeking ways to reduce their monthly expenses in today’s economy. As a matter of fact...
 
Don’t dare drive in Massachusetts without auto insurance
Published by Autoinsurances on January 14th 2012 | Insurance
It’s important to acquire auto insurance Massachusetts if you are intending to drive your automobi...
 
Commercial general liability insurance to cover major issues
Published by Andrew Edwards on February 20th 2012 | Insurance
What kind of business developed by you, it is a major question which signifies type of coverage need...
 
Financial barriers in front although product liability insurance is outstanding
Published by Andrew Edwards on March 21st 2012 | Insurance
It is quite a possible obsession to happen with the manufacturers to face a situation they never exp...
 
Pick of the right insurance agent a key to success.
Published by Abhijeet on January 21st 2012 | Insurance
An allowance abettor is the being that guides us in selecting the appropriate Allowance plan. If we ...
 
Importance of comparing commercial insurance quotes
Published by Andrew Edwards on April 20th 2012 | Insurance
If you are running a business which is not performing in terms of huge profits...
 
Hold unexpected situations with ease, obtain business interruption insurance
Published by Andrew Edwards on February 20th 2012 | Insurance
Fix your business issues quite generously as it is quite important to keep a hold on unexpected situ...
 
Business insurance guide for young capitalists
Published by Andrew Edwards on December 16th 2011 | Insurance
Starting up a business is not that big deal now, lots of options we have that will make it quite eas...
 
Provide the best insurance for your car with the best insurance quotes
Published by Jameshaven on March 5th 2012 | Insurance
You just purchased a car recently, it is now very important for you to secure your car with the car ...
 
Why should we compare car insurance?
Published by Jenymorison on December 9th 2011 | Insurance
Are you a homemaker? If your answer is yes then surely your family is dependent upon your spouse’s...
 
Get a car insurance to protect your asset
Published by Robert King on January 20th 2012 | Finance
Car insurance is an instrument which covers for all the unforeseen dangers associated with a car. Ca...
 
Tips to use Car insurance comparison website
Published by Jameshaven on March 16th 2012 | Insurance
Who does not want to save money? Car insurance is something that every owner of the car needs but so...
 
Individual medical health insurance
Published by Lessardcasey on November 30th 2011 | Insurance
Individual medical health insurance is something that every man and woman should have, unless they a...
 
Classics car insurance at reasonable rates
Published by Johnjakson on April 6th 2012 | Insurance
Most of the insurance companies see classics car as higher risk – as not all automobiles were prod...
 
Shopping for insurance coverage - ideas and guidance.
Published by Ramky on December 13th 2011 | Insurance
A great many people tend to be puzzled with the phrases used in a number of insurance policies - car...
 
An easy guide to getting reliable auto insurance
Published by Jerry on March 12th 2012 | Insurance
Finding the right auto insurance product for yourself can be a difficult task if you approach it in ...