Life Insurance Policy
A Life Insurance Policy is a legal contract with an insurance company. Against the premium payments, the insurance company provides a lump-sum payment, known as a death benefit, to beneficiaries upon the insured's death. Typically, life insurance is chosen based on the needs and goals of the owner.
Life insurance is a great tool that will help your family in meeting their critical needs and lead a comfortable life even when you are not around. This is because the Insurer will pay the Beneficiary of your Policy a predetermined sum of money aftcontinue......!
Health Insurance Policy
Health insurance typically covers the cost of an insured individual's medical and surgical expenses. Depending on the type of health insurance coverage, either the insured pays costs out-of-pocket and is then reimbursed, or the insurer makes payments directly to the provider.
Health Insurance is generally an annual Insurance policy, renewable every year. The policy covers Hospitalization due to Sickness and Accidental Injury, subject to certain exclusions and waiting periods, which are explicitly mentioned in the policy wordings. You can claim Health Insurance in 2 ways – Cashless or Reimbursement.
General Insurance Policy
General Insurance (Non-Life Insurance) policies include automobile and homeowners policies. They provide payments depending on the loss from a particular financial event. General insurance is typically defined as any insurance that is not determined to be life insurance.
If you opt to live a life that is risk- free, applying for a general insurance can be your practical option. Loss from any kind of financial event will not bother you if you are insured. It is necessary to make all your properties secured so that you would not be left out with nothing. Thiscontinue......!