Insurance is a contract, represented by a policy, in which an individual or entity receives financial protection or reimbursement against losses from an insurance company.
There is a multitude of different types of insurance policies available, and virtually any individual or business can find an insurance company willing to insure them—for a price. The most common types of personal insurance policies are health, personal accident and life.
Health Insurance is medical coverage that helps you meet your medical expenses by offering financial assistance. A health insurance policy offers coverage for any future medical expenses of the customer.
Due to the high cost of hospitalization expenses, it is important to have a health insurance plan in place. In the current pandemic situation, health insurance plays a vital role in safeguarding your finances.
Life Insurance is a contract between an insurance policyholder and an insurance company, where the insurer promises to pay a sum of money in exchange for a premium after a set period or upon the death of an insured person.
Life Insurance acts as financial protection for your family in case of your death or a payment made to you on surviving the policy term. In return for this payment, you make periodic fixed payments to the life insurance company.
Personal Accident Insurance policy provides complete financial protection to the insured members against uncertainties such as accidental death, accidental bodily injuries, and partial/total disabilities, permanent as well as temporary disabilities resulting from an accident.
Personal accident insurance is a policy that can reimburse your medical costs, provide compensation in case of disability or death caused by accidents. Check out the benefits of personal accident insurance cover now!
