What is insurance in English – What are the types of insurance
If you are looking for how much insurance is, you are in the right place. Here we will explain the 7 most popular types of insurance and understand and know their pros and cons. We are together on insurance. What is insurance (what is insurance in Hindi) and how many types of insurance are –
What is Insurance?
In this type of insurance, there is no contract under which the company is insured against any kind of loss. While compensation is guaranteed in case of illness, accident or death, this means that insurance can help a person after an accident and is very important. Who knows what to expect on this busy day? Valuables are your backup and your friend if you have properly insured them.
How many types of insurance are there?
1. Life Insurance:
Friends, after the death of an insured person, a certain amount is deposited into the life insurance system and the money is paid to that person’s family, namely the nominee. Most people choose this insurance because they do not have life insurance. Families can receive financial help after death.
2. Health Insurance:
Insurance is very important for friends in everything related to the health of witnesses, such as hospitalization due to illness, medical expenses, surgery expenses, etc. Because everyone’s health is getting worse every year, even insurance companies have to pay a little for regular check-ups every year.
If you are not sure whether tomorrow’s food will destroy your health, you should buy medical and health insurance, but my friends, you should have a good understanding of your illness and condition before buying health insurance.
What is insurance – What are the types of insurance
3. Work injury insurance system:
Friends, accident insurance means paying a certain deposit for accident insurance. In case of an accident, the policyholder is injured or disabled, or incurs hospitalization expenses or dies, according to the provisions of the insurance policy. The amount has been fixed.
The biggest advantage of accident insurance is that when your friend has an accident, you don’t have to pay any expenses. All the expenses are paid by the insurance company, but you have to pay later, because the conditions of each insurance are different. Before purchasing an insurance policy or life insurance policy, you should read the terms and conditions carefully.
4. Vehicle Insurance Plan:
Friends, if you own a car, motorcycle or any other vehicle, you need car insurance or car insurance today, this type of insurance policy is useful in case you have an accident or your car is stolen, but friends, some vehicles have insurance policy. It also implements third-party policies that allow drivers or pedestrians to claim coverage.
Having this insurance is very important because it is one of the most valuable things in our home and minor accidents still happen today. These vehicles cost more. If your auto insurance is covered, you don’t have to worry. You do not need to file a claim with your insurance company for minor damage to your vehicle.
What is insurance
5. Home Insurance:
Dear friends, home insurance refers to taking out insurance in home insurance, formulating an insurance policy based on the structure of the building and the contents of the home, and the insurance company will bear the loss of the house or family members. Cargo or Insurance: Useful in case of inconvenience caused by house collapse, accident, stolen goods, lost goods, or damage to the house or stored items.
6. Travel insurance:
Friends, if you have to travel alone or with your family, it is a good idea to purchase travel insurance. In this case, if the trip is delayed or canceled, or if an accident occurs during the trip, the insurance company will pay for the loss. money.
7. Crop Insurance (Farmers Insurance)
Friends, if you are a farmer, you have to buy crop insurance every year because there is no guarantee against the weather, so if you buy crop insurance, your crops will face loss. So if it doesn’t rain or your crops don’t grow for other reasons, you can plant with confidence. In this case, the insurance company pays compensation.
What is insurance
Note: Friends, before buying insurance, you must keep one thing in mind, read the insurance document, terms and conditions carefully, so that you can understand the terms and conditions well, and then you can buy insurance.
What are the benefits of insurance
• If you are insured, the insurance company will compensate you in the event of an accident or product damage.
• Also, if someone takes out a loan under this policy, that income is tax-free.
What are the downsides of insurance?
Friends, when you buy insurance from a company, you have to pay the expiring policy before you can claim it. Money is not refundable. If you have health insurance, you must renew it annually.
Things to consider when buying insurance:
Before purchasing insurance from any company, you should fully understand what the company’s insurance terms and conditions are and purchase insurance from that company.
Insurance to purchase:
It depends on who you want to buy insurance for. To buy health insurance, you need to know all of the company’s policy plans so you can choose a good insurance policy. Insurance policies vary from place to place. So you should check with her which insurance policy is best for you.
What is insurance guide:
1 Q: How many types of insurance are there?
Answer: There are many types of insurance, including life insurance, health insurance, auto insurance, home insurance, travel insurance, crop insurance, accident insurance and other insurance.
2 Q: When does the insurance policy start?
Answer: By the way, insurance policies actually existed 3,000 years ago. In our day, however, its modern form can only be traced back to 1653, when it is considered the beginning of the insurance policy.
3 Q: What does insurance mean?
Answer: Insurance companies cover contracts for any type of loss, sickness, accident or death.
4 Q) What is the basic premise of insurance?
Answer: Since the basic premise of insurance is to cover your losses, you must pay the insurance company an amount every year according to the insurance company’s policy.
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