What is Insurance?
Insurance is a convention between the insurer (the insurance service provider) and insured (the insurance policyholder). In this, the insurer commences to pay the insured a fixed amount (called premium) for handling of certain happenings such as vehicle damage/loss, health issues, problems in travelling to other location etc. Through insurance, every policyholder gets compensation of the actual loss when it takes place due to the risk insured.
Here is a list of Insurance policies; every human-being should consider in his/her life:
1) Long-Term Disability Insurance
Keeping an attitude that “nothing will happen to me or my family” is simply not a good idea. Instead, choosing Long-Term Disability Insurance to continue your smooth lifestyle is a smart decision.
This insurance takes care of a person from loss of income in order to continue same living lifestyle, if policyholder is unable to work due to illness, injury, or accident for a long period of time.
2) Life Insurance
The insurance gives financial protection coverage for those who are dependent on the person. This must-have policy secures parents, spouse, children or other loved ones financially, if a person has met with any disaster term (for example Death).
Life Insurance is the policy that will replace the income and give complete support in case of unfortunate demise.
Insurance is a convention between the insurer (the insurance service provider) and insured (the insurance policyholder). In this, the insurer commences to pay the insured a fixed amount (called premium) for handling of certain happenings such as vehicle damage/loss, health issues, problems in travelling to other location etc. Through insurance, every policyholder gets compensation of the actual loss when it takes place due to the risk insured.
Here is a list of Insurance policies; every human-being should consider in his/her life:
1) Long-Term Disability Insurance
Keeping an attitude that “nothing will happen to me or my family” is simply not a good idea. Instead, choosing Long-Term Disability Insurance to continue your smooth lifestyle is a smart decision.
This insurance takes care of a person from loss of income in order to continue same living lifestyle, if policyholder is unable to work due to illness, injury, or accident for a long period of time.
2) Life Insurance
The insurance gives financial protection coverage for those who are dependent on the person. This must-have policy secures parents, spouse, children or other loved ones financially, if a person has met with any disaster term (for example Death).
Life Insurance is the policy that will replace the income and give complete support in case of unfortunate demise.
3) Motor Insurance
Motor insurance is also required in most cases. This is what a person should not skip. If a person has met with an accident, and is injured or their property is damaged, person could be a subject to a lawsuit that could possibly cost everything you own.
4) Health Insurance
Now-a-days, high cost of hospitality care is the reason enough to buy health insurance as essential. A simple visit of the doctor at home results in a hefty bill. More serious health issues charging hospital stay will cost a major financial loss. Even operations require five-figure bucks.
Health Insurance takes care of such cases mentioned above.
5) Travel Insurance
Traveling is the normal thing for everyone. For official purpose or some other reason, person has to move repeatedly. While travelling, unwanted tragedy such as checked-in baggage loss, medical emergencies, trip cancellation or some interruption may cause major issues. Travel insurance secures us from such problems.
Buy Policy carefully
In market, various types of insurance policy are available having different advantages, features and prices. Add-ons are also available with each policy plan. One should buy carefully.
It is advisable to read the policy plan and contact insurance agent to be certain that you understand the coverage and the cost. Make sure that the policy you are purchasing fulfils your requirement and don’t sign on the papers until you are satisfied with your plan.
Motor insurance is also required in most cases. This is what a person should not skip. If a person has met with an accident, and is injured or their property is damaged, person could be a subject to a lawsuit that could possibly cost everything you own.
4) Health Insurance
Now-a-days, high cost of hospitality care is the reason enough to buy health insurance as essential. A simple visit of the doctor at home results in a hefty bill. More serious health issues charging hospital stay will cost a major financial loss. Even operations require five-figure bucks.
Health Insurance takes care of such cases mentioned above.
5) Travel Insurance
Traveling is the normal thing for everyone. For official purpose or some other reason, person has to move repeatedly. While travelling, unwanted tragedy such as checked-in baggage loss, medical emergencies, trip cancellation or some interruption may cause major issues. Travel insurance secures us from such problems.
Buy Policy carefully
In market, various types of insurance policy are available having different advantages, features and prices. Add-ons are also available with each policy plan. One should buy carefully.
It is advisable to read the policy plan and contact insurance agent to be certain that you understand the coverage and the cost. Make sure that the policy you are purchasing fulfils your requirement and don’t sign on the papers until you are satisfied with your plan.
No comments:
Post a Comment