INSURANCE
We can define insurance as follows:
Insurance is a contract between the insurance company (insurer) and the policyholder (insured). In return for a consideration (the premium), the insurance company promises to pay a specified amount to the insured on the happening of a specific event ,like :-
Loss of Life(Death),Damage/Loss of Property,illness in Health
Top 3 popular Insurance
1. Life Insurance.
- Life (loss of Life)
- Term and Critical illness Insurance
- Loan/Liability Insurance
2. General Insurance.
- Automobile Insurance.
- 4 Weller Insurance
- Property Insurance (Fire/Earthquake/Etc.)
3. Health Insurance
- Medical Insurance i.e. when Hospitalized due to illness
Loss of Life(Death),Damage/Loss of Property,illness in Health
Top 3 popular Insurance
1. Life Insurance.
- Life (loss of Life)
- Term and Critical illness Insurance
- Loan/Liability Insurance
2. General Insurance.
- Automobile Insurance.
- 4 Weller Insurance
- Property Insurance (Fire/Earthquake/Etc.)
3. Health Insurance
- Medical Insurance i.e. when Hospitalized due to illness
- For Medicines for the illness
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