Life Insurance Definition: Life insurance assures financial protection in unforeseen situations. Insurance companies intended to start life insurance to ensure that income of the families are unaffected due to sudden or pre-mature death of the family members. You can avail Life cover for yourself and your family members from personal risk. Life insurance stands on …
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Disability Insurance Definition: Disability Insurance is also known as Income Protection Insurance. Under this insurance insured income is protected in case of insured is disabled for longer period with no productive work. There is one more insurance type which is extremely important to consider beside health insurance. Assume that probability of temporary disabled is higher …
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Health Insurance Definition: Health insurance is one the most important types of insurance policy that covers insured with surgical and medical expense. It is highly recommended that everyone should buy it, without health insurance, you or your family member’s illness or accident can wipe all your money and put your financial status into jeopardise for …
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How does Life Insurance work ? Insurance lives up to expectations by pooling risk. It basically implies that a large group of individuals who need to insure against a significant losses by paying premiums which is known as Insurance pool. Probability of real loss occurrence is very less (single digit percentage) from the group of …
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Insurance Definition: Protecting or safeguarding significant loss is called as Insurance. It is a type of risk protection and wealth management strategy as a part of financial planning for an individual or an organisation. “Insurance companies offering insurance products are termed as Insurance Policy”. In insurance policy insurer can cover cost of potential loss in exchange by …
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