Insurance
types of insurance:
Provides financial security to beneficiaries after the policyholder’s death.
- 2. Health Insurance
- Covers medical expenses, hospitalization, and treatments.
- Examples: Individual Health Insurance, Family Floater, Critical Illness Insurance.
- 3. Motor Insurance
- Covers damages to vehicles and liabilities in case of accidents.
- Examples: Car Insurance, Bike Insurance, Third-Party Insurance.
- 4. Home Insurance
- Protects against damages to property due to natural disasters, theft, or fire.
- 5. Travel Insurance
- Covers trip cancellations, medical emergencies, and lost luggage while traveling.
- 6. Business Insurance
- Protects businesses from financial losses due to risks like liability, property damage, or employee-related issues.
- For more details, you can send a sms
- Life Insurance
- Health Insurance
- Motor Insurance
- Property Insurance
- Travel Insurance
- Cattle Insurance
- Marine Insurance
- Group Medi-Claim Cover
- Group Personal Accident Cover
- Worker Compensation Insurance
Insurance FAQs
1. What is insurance?
Insurance is a financial arrangement where individuals pay premiums to protect themselves from unforeseen risks and financial losses.
2. What are the types of insurance?
Common types include life insurance, health insurance, car insurance, home insurance, and business insurance.
3. How does health insurance work?
Health insurance covers medical expenses. You pay a premium, and the insurer covers hospitalization, treatments, and prescriptions as per policy terms.
4. What is a premium in insurance?
A premium is the amount paid periodically to maintain an insurance policy and get coverage benefits.
5. What is a deductible?
A deductible is the amount you pay out of pocket before the insurer starts covering costs.
6. Why is life insurance important?
Life insurance provides financial security to your family in case of unexpected death, ensuring coverage of expenses and liabilities.
7. What factors affect insurance premium costs?
Factors include age, health condition, coverage amount, type of policy, and risk factors such as driving history.
8. Can I cancel my insurance policy anytime?
Yes, but terms vary. You may get a refund based on policy terms and cancellation fees.
9. What is a policyholder?
A policyholder is the person who owns the insurance policy and is entitled to its benefits.
10. What happens if I miss a premium payment?
Missing payments can lead to policy lapse. Some insurers offer a grace period for late payments.