In exchange for regular payments, known as premiums, the insurance company offers a payout or compensation when specific events or losses occur.
- Risk Protection: Insurance helps mitigate financial risks by providing a safety net in case of unforeseen events or emergencies.
- Premium Payments: To access insurance coverage, policyholders pay a regular premium based on factors like coverage amount, type of policy, and risk level.
- Variety of Policies: Insurance products are tailored to meet various needs, including health insurance, life insurance, vehicle insurance, home insurance, travel insurance, and business insurance.
- Claims and Benefits: In the event of a covered loss, the policyholder can file a claim to receive financial compensation or benefits as outlined in the insurance contract.
- Peace of Mind: Insurance provides peace of mind by reducing the financial burden caused by unexpected events, allowing individuals and businesses to focus on their goals and future.
Life Insurance
Life insurance is a contract between an insurance policy holder and an insurer or assurer, where the insurer promises to pay a designated beneficiary a sum of money in exchange for a premium, upon the death of an insured person.
Health Insurance
Health insurance is a type of insurance coverage that 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 receives reimbursement, or the insurer makes payments directly
Car Insurance
Auto insurance is a contract between you and the insurance company that protects you against financial loss in the event of an accident or theft. In exchange for your paying a premium, the insurance company agrees to pay your
Disability Insurance
Disability Insurance, often called DI or disability income insurance, or income protection, is a form of insurance that insures the beneficiary's earned income against the risk that a disability creates a barrier for a worker to complete the core functions of their work.
