Do you really need Insurance?
Insurance
is the process of risk management that is practiced to cover financial loss. It
is applicable to human and its resources. An Insurance company promise to
compensate in case of any personal or financial loss. A small amount is paid to
Insurer (Insurance Company) by entity that is willing to take insured benefits,
this annual payment is called premium. Contract held for that period is known
as Policy. Any individual, business entity or government can select insurance
services for insured coverage of their resources.
Insurance companies may be government
affiliated or privately held organization operating insurance policies and
claims for various domains. Here we are mentioning few popular insurance that
avail you with peace of mind with assured return.
Health Insurance –
A
health insurance policy will provide a cover to you and your family against
sudden medical contingency or bodily injury.
Every
human being is exposed to various health problems. Medical emergency can strike
anyone without pre-warning.
Here
are few reasons why health insurance is a must:
- Diagnostic charges are beyond common man’s reach
- Medicines are quite expensive
- Private hospitals are too expensive
- Specialists come at a price
- People choose for Travel Insurance that covers them against medical expenses they may incur while travelling abroad.
Vehicle Insurance –
Vehicle
insurance protects you against damage caused to your vehicle by accident.
Insurance company agrees to cover up losses as defined in policy. Some vehicle insurance cover medical claims as
well that coverage pays you for personal injury during accident.
Life insurance –
Life is full of unexpected events. You must be ready to fight with these possibilities. Life insurance insures your financial stability to you and your family. Your loved ones will not suffer from financial crisis if some mishaps with you. Personal Accidental Coverage is also a constituent of Life Insurance policy. Personal accident policies cover you for one or more of four contingencies in the event of an accident: death, permanent total disability, permanent partial disability and temporary total disability.
Home Insurance –
Home
and its contents is important asset. Home insurance secure your home assets against
loss caused because of natural disaster and man-made accidents. Your insured
property gives you peace of mind with extra benefits.
Travel Insurance –
Are
you ready for planned holiday and long trip? Enjoy stress free vacation with
travel insurance that insures you against unseen events. Any medical emergency
can be too costly and no one knows when they are required. There might be other
situations like loss of passport, luggage and other flight related issues.
Travel insurance protects you against financial liabilities.
With these benefits, you can self answer for questions like ;
Why Insurance is beneficial?
Do you really need insurance?
Which Insurance Policy is good for you?
#health #life #Insurance #finance. Thank for reading this article.
