What Is Insurance, How Many Types Are There?

 Hello Friends, Welcome To Our Blog Today, We Will Learn About Insurance, What Happens, How To Take It, And What Are Its Benefits, Let's Start This Article Today.

Insurance Is A Word Related To Life Or It Is A Different Matter That One Can Take Different Insurance Products By Properly Planning Their Finances And Some People Keep On Planning As Soon As They Buy A Car, Then They Come To The Insurance Job There. So A Company Pays Health Insurance To Save Income Tax. Life Insurance Product Means That In Most Cases, The Insurance Product Is Taken Due To Compulsion In A Way, Rather Than Understanding Insurance, What Is Insurance In This Article, And Insurance Give Information About Different Types Of

 What Is Insurance?

In Very Simple Words, Insurance Is A Tool That Provides Protection From Financial Loss, In Simple Terms, The Loss Of One Person In Insurance Is Divided Among Many People. Many People Must Be Wondering How The Insurance Company Benefits If They Take A Small Amount As A Premium And Instead Give Very High-risk Coverage. Let Me Explain To You With A Small Example That

An Insurance Company Insures The Breakdown Of Mobile In Insurance And Gives Coverage For A Breakdown Of 1k To 10k As An Insurance Premium, If 15 People Take The Insurance, One Of Them Breaks The Mobile, Then Claim The Insurance From The Insurance Company. Get 10k

But The Insurance Company Collects ₹ 15k From 15 People According To 1k, Then After Giving ₹ 10k As A Claim, ₹ 5k Remains With The Company, Which Will Be Beneficial For The Company After Removing The Rest And Other Charges

You Know That Different Types Of Insurance Mean Different Categories.

Life Insurance Life Insurance

It Is Understandable In The Name Of Life Insurance That Here Is Related To Human Life. Life Insurance Is An Experience Between The Insurer And The Insurer To Deposit The Amount Of Insurance Premium At Once Or In A Fixed Period. The Same Insurance Pledges To Cover The Life Of The Insurer As Per The Insurance Contract If The Insured Gets Dead In The Insurance Period, His Nominee Gets The Money Written In The Letter Of Insurance, Insurance Company Life Insurance Has Many I Sell You In Rupees, I Tell You The Names Of Some

Term Life Insurance

The Term Plan Is Very Short, It Only Lifes The Life Color Of Life Insurance, There Is No Savings Or Profit In It, There Is No Maturity Benefit In It.

 Endowment Plan

The Plan Maturity Benefit Remains Attached, Meaning How Much Is Taken After The Period And Is Also Available

Unit Linked

Insurance Plan Is The Effect Of The Market Because The Policy Is Deposited As The Holder And The Insurance Company Invests It In The Market.

Life Policy

The Name Suggests That This Policy Covers The Entire Life, The Holder Has To Pay His Full Life Premium And After The Policy Holder Gets His Family

Money Back Policy

 Policy Holders Keep Getting Back, In The Next Video, I Will Tell You About All The Insurance Types In Detail, Now Let's See Further In This Post.

Non-Life Insurance

 About Non-life Insurance, Which Does Not Fall Under The Category Of Life Insurance, Comes Under The Category Of Life Insurance Like Health Insurance General Insurance Etc.

Health Insurance

There Is Insurance Which Covers The Medical Expenses Of The Insured Person In Whole Or In Part. In India Only In The Case Of Admission To The Main Hospital, The Health Insurance Company Pays The Insurance. There Are Different Plans Which Cover Different Treatment Covers Such As Hospitalization Family Floater Health Insurance Senior Citizen Health Insurance Etc.

 General Insurance

 It Comes Under The Category Of Life Insurance, It Mainly Consists Of Vehicle Insurance, Car Insurance, Fire Insurance, Insurance Etc.

The Conclusion

Hopefully, Friends, You Must Have Liked This Post, You Have Learned Through The Medium Of This Post, How We Do Insurance, And How It Works, If You Like This Post Then Definitely Share It.

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