What is insurance and types of insurance full details
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What is insurance and types of insurance plans full details how many types of insurance what is insurance company what is general insurance and types of general insurance
You must have often heard saying take home, bike, car, land etc. but often there is also such a thing that is heard from the mouth of very few people that take insurance. Insurance is an important part of all these. That protects all of them, everyone knows insurance by name but may not know about its functions, so today in this post we will talk about its work, what is insurance, how to take it and how it works. How many types are there, everyone will know in this post that insurance is very important for everyone because it protects their family and children from future problems, it proves beneficial for them when there is no head of the house. Whatever happens, take insurance as soon as you get a chance.
What is insurance
Hello friends, welcome to this website insurancekesele.com, so let’s talk about what is insurance. It is called insurance, why take insurance, how insurance works, how many types of insurance are there, we will talk about all this, so that you can take the right insurance so that you do not feel confused anywhere.
Insurance is a legal agreement between two parties in which the person taking the insurance is the person giving the orange. Gives the company from which the person has taken insurance, then you must have understood what is insurance and why it is necessary.
How Insurance Works
When the person taking the insurance gets his insurance from the insurance company, he pays a fixed amount of price to that company which we call the premium and thus on taking the insurance, that person taking the insurance will have to pay any amount. If there is any type of loss, then according to the term and condition of the insurance, the loss of that person is compensated.
As that person has insured his house etc., then the insurance company compensates the entire word in case of accident or breakage.
Types of Insurance
There are two types of insurance
(1) Life Insurance (2) General Insurance
But there are many types of insurance such as Travel Insurance, Health Insurance, Home Insurance, Crop Insurance, Business Liability Insurance, all these will also be known in full detail in this post.
1. Life Insurance
It is known from its name that if the person who gets himself insured, then any incident happens with that person such as death or if the hand or leg is broken in any way, then that person’s family and that person The insurance company pays compensation and the person taking care of the financial security of that family dies, then this insurance company gives compensation to the family of that person.
2. General Insurance
In this type of General Insurance, Home, Vehicle, Health, Animals, Travel, Businees, Crop, etc. Whatever is insured now comes under General Insurance.
1. Home Insurance
Talking about home insurance, if a person has taken home insurance, then in the future, if there is a breakdown or any such problem at his house, then the insurance company compensates him.
Under this insurance, as there is a fire in the house, there is a flood, if any such natural calamity occurs at the house, then the insurance company will compensate the loss due to all these, apart from all these incidents of strike, theft, robbery, riot, attack etc. But the insurance company gives compensation but it depends on what type of insurance you have taken.
2. Health Insurance
Nowadays, health problems are increasing for most people and it is going to be very difficult in the future also regarding health problems and their expenses are also very high, before such a situation, it will be beneficial to get your health insurance soon because health If you spend in insurance in any hospital for your health, then the insurance company bears the cost, now how much will you pay, it will depend on what is the condition of that company that you have taken insurance, according to them that company pays your expenses. cost of help
Note – It is important to note here that it is very important that the benefit of health insurance is available only in the same hospitals that are attached to the insurance policy. take a policy
3. Vehicle Insurance
Nowadays it is very necessary to have your vehicle insured in all countries, if your vehicle is not insured, then you can be fined, under this, the insurance company gives compensation for the damage caused to your vehicle, if you have hurt someone from the vehicle or If someone dies, as the case may be, covered by third party insurance
4. Crop Insurance
You may have never heard the name of this insurance, but often this insurance is taken by all the farmers, this insurance is only for the farmers, which is called crop insurance. If there is any type of loss, then the insurance company compensates for that loss, then taking crop insurance is very important for the farmers.
5. Business Insurance
Under this insurance, the loss caused to the consumer due to the work of a company or any of its products is compensated, that means, if a customer suffers any loss due to the company’s work or its product, then in such a situation. The penalty and all the cost of legal proceedings on the company is borne by the insurance company from whom it insures, which means that the insurance company becomes the full responsibility of the insurance company from which that person takes Business Liability Insurance.
6. Travel Insurance
Under this insurance, if a person takes or has got travel insurance done and that person goes out due to some work and some incident happens to him such as accident etc. or his belongings are lost. Insurance company compensates for the time from your life till the end
Hope you have come to understand this complete information because it has been told in such a simple language and no one will tell that if you understand a little bit, then try to understand it once again and share this post with your friends and family. Share and also need any kind of information related to insurance, then visit the home page of this website and from there you will get complete information in detail, whatever type of insurance share limited you need and also information related to loan here If you get it please share with your friends thank you
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