Health insurance plans reimburse insured customers for their medical costs, including treatments, surgeries, hospitalization and the like which emerge from injuries/ diseases, or immediately pay out a specific pre-decided whole to the customer. A health insurance policy offers inclusion for any future medical costs of the clients.
According to the Health Insurance Association of America, health insurance is defined as “coverage that provides for the payments of benefits as a result of sickness or injury. It includes insurance for losses from accident, medical expense, disability, or accidental death and dismemberment”
This is an agreement between the insurance agency and the client where the former agrees to ensure installment/pay for clinical expenses in case the latter is injured/ill in the future, prompting hospitalization. In most cases, insurance agencies have tie-ups with an organization of clinics, thereby ensuring cashless treatment for patients there.
life insurance is an arrangement between an insurance agency and a client, where the insurer promises to pay a pre-decided amount to specified beneficiaries in case the policyholder meets an unfortunate death. Life insurance provides a monetary benefit to a decedent’s family or other appointed beneficiary, and may specially provide for income to an insured person’s family, burial, funeral and other final expenses. Life insurance policies often allow the option of having the proceeds paid to the payee either in a lump sum cash payment or allowance
Motor insurance, also known as motor or vehicle insurance, is insurance for cars, bike, scooty, trucks, cabs, two wheeler and other four-wheeler vehicles. Motor Insurance is an agreement between you and the insurance company that you ensure customer financial loss in the case of an accident or theft. In return for your paying a premium, the insurance company agrees to pay your losses as laid out in your policy.
House is a place where you just feel safe. We have lot of memories from home. Home protect you, it need protection too. Home insurance give you full coverage if your home gets damaged due to natural disaster, any other damage and robbery. House insurance or property insurance plays a necessary role in covering your most valuable benefit, because mere buying the dream home is not enough protecting it matters a lot.