What is Insurance?
Insurance is terms which is used to insured for something in emergency situation, like Insurance Policy can Protect from Large Medical Expenses, Vehicle Damage, etc
IMPORTANCE OF INSURANCE
- Life Insurance provide a certain amount of money if Insured Person dies during the terms of policy.
- Health Insurance bears all Medical expenses
- Car/Bike Insurance covers up all Vehicles Damages
Types of Insurances
Life Insurance is a Insurance Plan where Insurance Institutions Insures life of a person, If a insured Person dies during the terms of Insurance and it follows terms & conditions of Insurance Policy, then whole Insured amount can be claimed by his family Members
Health Insurance is a Insurance Plan where Insurance Institutions Insures good health of a person and bears all medical expenses if a Person suffers from diseases.
Motor Insurance is a Insurance which helps to Protect Motor Owners from large financial Losses that may arise due to damage or theft of vehicle.
Property Insurance is a Insurance which helps to Protect Property (house, Buildings, flats) from fire & Damages, it Protects from financial Losses that may arise.
Travel Insurance covers all losses related to travel Like Medical Expenses, Lost Luggage & trip cancellation expenses etc.
There are some best companies which Provides best Insurance Plans like Life Insurance of India, United India Insurance etc.
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