What is Insurance?
Insurance is a legal agreement between an individual and the insurance company, under which, the insurer promises to provide financial coverage (Sum assured) against contingencies for an amount (premium). Different types of insurance policies available nowadays, can be broadly divided into two cat
- General Insurance
- Life Insurance
1. General Insurance
Following are some of the types of general insurance available in India:
- Health Insurance
- Motor Insurance
- Home Insurance
- Fire Insurance
- Travel Insurance
2. Life Insurance
There are various types of life insurance. Following are the most common types of life insurance plans
- Term Life Insurance
- Whole Life Insurance
- Endowment Plans
- Unit-Linked Insurance Plans
- Child Plans
- Pension Plans
Health insurances are types of insurance policy that covers the expenses incurred due to medical care. Health insurance plans either pay or reimburse the amount paid towards the treatment of any illness or injury. Different types of health insurance cover varied medical care expenses.
It usually offers protection against:
b) Treatment of critical illnesses
c) Medical bills post hospitalization
d) Daycare procedures
if any onw want a health insurance then tell our comminute we will help you as per possible.
What are health insurance plans?
Health insurance plans reimburse insured customers for their medical expenses, including treatments, surgeries, hospitalisation and the like which arise from injuries/illnesses, or directly pay out a certain pre-determined sum to the customer. A health insurance policy offers coverage for any future medical expenses of the customer.
This is an agreement between the insurance company and the customer where the former agrees to guarantee payment/compensation~ for medical costs if the latter is injured/ill in the future,