What is life insurance? Why do life insurance?
Almost everyone now knows about insurance. But there are still some people who say what is insurance or life insurance..? Or do not know why to do life insurance. There are some people who understand that insuring means that if you deposit some money monthly, you can get that money back with interest over time, so what is life insurance in this article? And Why Do Life Insuran..? I will discuss this.
What is life insurance? Why do life insurance?
Insurance is a risky subsidy process by which you can get a subsidy from a specific private or government insurance.. company. Generally speaking, one has to pay a monthly premium to a certain insurance.. company for a particular thing or person for a certain period of time. The insurance.. company pays a single amount of compensation to protect the insured person’s property, or property, in the event of any loss or accident during that period.
How many types of insurance and what are they? After knowing what is insurance, now it is necessary to know how many types of insurance are and what are they? Then in this paragraph, I will talk about this. There are two types of insurance. There are two types of
life protection,
01) Life Insurance.., 02) General Insuran…
What is life insurance?
life protection is the traditional form of
life protection, limited by the legal contract and terms of the agreement between life insurance.., the insured, and the life security company. Where after the sudden death of the insured his family gets a lump sum payment from the life security. company. The purpose of life insurance.. is to alleviate the financial burden of the person chosen by the insured after his death. But before you take out life insurance.., you have to make a good deal. Life insurance.. is designed for you and your loved ones in the event of an accident or disaster or death.
Why do life insurance?
Now that you know what life security is, you also need to know why you take out life insurance. This paragraph speaks for itself. There are still a lot of people who think that insuring means being unemployed. But we need to keep in mind that insurance is very important for survival. There is no guarantee that people will die as the days go by, so there is no such thing, so we should all have life insura.. for this. Those who have only one family in their family and the family lives on that money, must see the right plan without delay and must have life insurance.
None of us want to die or lose our loved ones but what can happen can no longer be prevented with our little awareness the family will not have financial problems in our absence. It is not necessary that you have to insure with a lot of money premium, life insurance.. can be done for a small amount of money. The amount of lifelike assurance subsidy should be decided at the time of life assurance The higher the premium, the higher your subsidy. Remember that if you do life insurance.., you will not get the money at the specified time, but your family will get the money at the specified time. Hopefully, why do life assurance? You understand the answer to this question, so if you do not have life protection choose the plan of your choice today. General Insurance..
All life protection except lifeline protection is covered by life protection and provides various types of subsidies such as,
-
Health Insurance
Simply put, health insurance.. means that the insured has to pay a fixed monthly premium to a life protection company for a fixed period of time. And if at that time the insured has any health problem, the life assurance company will pay for the loss. However, how much money you will get as compensation depends on what kind of disease you have and how much money has been spent on curing the disease. One thing to keep in mind is that the more you pay a monthly premium, the more the life assurance company will pay you for the treatment of your health deteriorates.
Remember, if you have a health cover of Rs 5 lakh per annum and your treatment costs Rs 10 lakh then the company will not pay you Rs 10 lakh.
Suppose again that your treatment cost Rs 1 lakh but the company will not pay you Rs 5 lakh, but if the health deteriorates again in that year and the cost is within Rs 4 lakh then the company will bear it.
If it is more than that, you will have to bear the cost yourself.
Why do health insurance?
When it comes to why you should take out health insurance.., it seems that I am right, just what it means to pay the life assurance company, if you think so, then you are doing very wrong. A person must have health insurance.. because the disease cannot be understood or told from above. Who knows if you think you are healthy but you do not have any disease me give you an example. After my sister was diagnosed with cancer
4 years ago, this time we in the village have no idea about life protection, so there was no life protection. This time it cost about 7 lakh rupees to treat him.
And then if there was any health insurance.. in his name then there would be no problem with money. However, he was diagnosed with the disease in the first stage and is now healthy.
So it is important to have healthy life protection and life insurance. Many people think it is unnecessary to insure me but remember you don’t have to tell me or me when the disease occurs.
In our country, there are many people besides employees and businessmen who have not taken health life protection, they must take health life protection. You can also take out health life protection with a small plan as per your convenience. However, before choosing any plan, you should check it thoroughly because there is no shortage of fake companies nowadays.
02. Motor insurance
This life protection carries the burden of loss due to car accidents (two-wheel and four-wheel). This insurance provides cover for vehicle protection and third-party liability in accordance with the law against the car owner.
03. Home insurance
Homelife protection covers your home and in-house contents. This insurance provides you with subsidies for natural and man-made losses.
04. Travel insurance
Travel life assurance covers any loss or emergency during your travels. It’s like stealing from you
Includes against.
Some of the general life security is discussed above and all the other insurances are covered under this general insurance.
Conclusion
Hopefully, I have been able to give some idea about life assurance or life insurance. If you want to know more about Life Insurance or life security or if you have made a mistake in adding some more important things in this article.
Please comment in the comment box. You can also read the Bima Ki I article if you want. I will say one thing at the end, but it is bad to hear, but it is true that no one can tell us what happens in our life, when we have to go to the hospital and when someone’s life will end. So if you have life protection
and health insurance, your family will not have to worry about money even if you are in hospital and your family will not have to go through such financial hardship even if your life is over.
Read more: A detailed discussion of the Health Partner Project
FAQ’s
Q: What is life protection in general or What is life insurance in simple words?
Ans: Life insurance is usually an agreement between the
life protection consumer and the insurance company, where the consumer pays the insurance company some monthly installments for a fixed period of time, and if the consumer dies within the time fixed in the
life protection plan, the insurance.. company pays a lump sum to the nominee. But that’s exactly what your plan is.
FAQ’s
Q: What is life insurance.. in general?
Ans: Life life assurance is usually an agreement between the life assurance consumer and the life security. the company, where the consumer pays the insurance company some monthly installments for a fixed period of time and if the consumer dies within the time fixed in the insurance plan, the insurance company pays a lump sum to the nominee. But that’s exactly what your plan is.
Q: What is a life insurance.. plan?
Ans: Life insurance.. is a good option for everyone because with life insurance.. you can provide financial security to your family even after your death. But it would be a mistake to think of life insurance.. as an investment or a plan to increase money.
Q: How much money does life insurance.. give?
Ans: How much money you will get if you take out life insurance.. depends on what kind of plan you have taken, of course, if you take a more money plan you will get more money.
Q: What is not covered under life protection?
Ans: Even if suicide is covered under life
protection if the life protection
consumer dies due to drugs then the benefit of this benefit will not be available. But if it can be proved that death did not occur due to excess dreads, then full benefit can be obtained in this case also.
read more: online income way