Insurance ,Insure, life insurance ,types of insurance , banefit of car insurance
#Insurance ,Insure, life insurance ,types of insurance :
The life and property of an individual are surrounded the by the risk death ,Disability and detruction .
These risks may result in financial losses. Insurance is a prudent way to transfer such risk to an insurance company .
HOW DOES INSURANCE WORK ?
The insurer and insured get a legal contract for the insurance .Which is called is the insurance policy .The insurance policy has details about the conditions and circumstances under which the insurance company will pay out the insurance amount to either the insured person of the nominees .Insurance is way to protecting yourself and your family from financial losses .
Generally , the premium for a big insurance cover is much lesser in terms of money paid the insurance company take risk of high providing a high cover for a small premium because a few insured people actually end up claiming this insurance . This is why you get insurance for a big amount at a low price .
Individually is company can seek insurance from an insurance company But decision to provide insurance is at the discreation of the insurance company will evaluate the claim application to make a decision .
Generally, insurance companies refuse to provide insurance to high risk applicants .
Types of insurance - The types of insurance awailable in india .
LIFE INSURANCE : life insurance is insurance on your life . You buy life insurance to make sure dependends aref financially insecure in the event of your untimiely demise .
The life insurance is particularilly important if you are the sole breadwinner for your family if u are or if your family is heavily reluant on your income .
Under Life insurance the policy holder's for your family is financially compansated in case policyholder expires during the term of policy .
HEALTH INSURANCE : Health insurance is insurance on your health . Health insurance is bought to medical cover costs of expensive treatment .
Diffrent types of health insurance policy cover array of disease and ailment .
You can buy a generic health insurance policy as well as policies of specific disease .
The premium towards a health insurance policy usually cover treatment , medicalation and hospitalisation costs .
CAR INSURANCE : In today is world a car insurance Is an important policy for every car owner .
This insurance protect against any untoward incident like accident.
Some policy also compansate for your damages your car during natural climities like floods or earthquake .
It also cover third party lialility where you have to pay damages to other vehicle owners .
EDUCATION INSURANCE : The child education insurance is child is akin to a life insurance policy which has been specially designed as a saving tool an education insurance can be great way to provide a lum sum amount of money when your child reaches age for higher education and gains into colledge entry and 18 Years and above be this fund can then be used to pay for your child's higher education expenses .
Under this insurance ,the child is life the assured or txhe recipient fund ,while the payment or lecgal guardian is the owner of the policy . you can estimate of the money that will go into funding your children higher education using education planing calculater .
HOME EDUCATION : we all dreaming on ownining our own homes . Home insurance can help with covering loss or damages caused to your home due to accident like fire and other natural calamities and perils .
Home insuranse cover and other instances like lighting ,earthguake etc.
The life and property of an individual are surrounded the by the risk death ,Disability and detruction .
These risks may result in financial losses. Insurance is a prudent way to transfer such risk to an insurance company .
HOW DOES INSURANCE WORK ?
The insurer and insured get a legal contract for the insurance .Which is called is the insurance policy .The insurance policy has details about the conditions and circumstances under which the insurance company will pay out the insurance amount to either the insured person of the nominees .Insurance is way to protecting yourself and your family from financial losses .
Generally , the premium for a big insurance cover is much lesser in terms of money paid the insurance company take risk of high providing a high cover for a small premium because a few insured people actually end up claiming this insurance . This is why you get insurance for a big amount at a low price .
Individually is company can seek insurance from an insurance company But decision to provide insurance is at the discreation of the insurance company will evaluate the claim application to make a decision .
Generally, insurance companies refuse to provide insurance to high risk applicants .
Types of insurance - The types of insurance awailable in india .
LIFE INSURANCE : life insurance is insurance on your life . You buy life insurance to make sure dependends aref financially insecure in the event of your untimiely demise .
The life insurance is particularilly important if you are the sole breadwinner for your family if u are or if your family is heavily reluant on your income .
Under Life insurance the policy holder's for your family is financially compansated in case policyholder expires during the term of policy .
HEALTH INSURANCE : Health insurance is insurance on your health . Health insurance is bought to medical cover costs of expensive treatment .
Diffrent types of health insurance policy cover array of disease and ailment .
You can buy a generic health insurance policy as well as policies of specific disease .
The premium towards a health insurance policy usually cover treatment , medicalation and hospitalisation costs .
CAR INSURANCE : In today is world a car insurance Is an important policy for every car owner .
This insurance protect against any untoward incident like accident.
Some policy also compansate for your damages your car during natural climities like floods or earthquake .
It also cover third party lialility where you have to pay damages to other vehicle owners .
EDUCATION INSURANCE : The child education insurance is child is akin to a life insurance policy which has been specially designed as a saving tool an education insurance can be great way to provide a lum sum amount of money when your child reaches age for higher education and gains into colledge entry and 18 Years and above be this fund can then be used to pay for your child's higher education expenses .
Under this insurance ,the child is life the assured or txhe recipient fund ,while the payment or lecgal guardian is the owner of the policy . you can estimate of the money that will go into funding your children higher education using education planing calculater .
HOME EDUCATION : we all dreaming on ownining our own homes . Home insurance can help with covering loss or damages caused to your home due to accident like fire and other natural calamities and perils .
Home insuranse cover and other instances like lighting ,earthguake etc.
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