Insurance is the term, widely used in today’s scenario, which is used to protect from major financial loss. We can say that this is a Must-Have term in everyone’s life. Here is why and which insurances are important for everyone. Have a look here:
1) Life Insurance
This insurance policy is an agreement between an insurer and policyholder. In this, the insurer assures to pay an entitled policyholder, an amount in place of premium (paid by policyholder) upon the death of insured person.
2) Health Insurance
The insurance provides the financial protection of a policyholder’s medical and surgical expenses. Generally services covered are Hospitalization, Mental Health Services, Laboratory Services, Ambulatory Patient Services, Maternity and New-born Care, Preventative and Wellness Care, Mental Health Services and other medical emergency services.
1) Life Insurance
This insurance policy is an agreement between an insurer and policyholder. In this, the insurer assures to pay an entitled policyholder, an amount in place of premium (paid by policyholder) upon the death of insured person.
2) Health Insurance
The insurance provides the financial protection of a policyholder’s medical and surgical expenses. Generally services covered are Hospitalization, Mental Health Services, Laboratory Services, Ambulatory Patient Services, Maternity and New-born Care, Preventative and Wellness Care, Mental Health Services and other medical emergency services.
Coverage benefit depends on the type of the policy insurer offers. Either the insurer pays directly to the provider or insured pays first, which is reimbursed later by the insurer to the insured.
3) Travel Insurance
Under Travel Insurance policy, coverage such as medical expenses, trip cancellation, lost luggage, flight accident or other losses are protected during travelling.
4) Motor Insurance
Motor insurance policy is acquired for cars, trucks and other road vehicles. Main purpose is to safeguard against physical damages or losses incurred from traffic collisions and against liability that could also arise from any circumstances.
The law mandates Motor Insurance policy is must-have for all vehicle owners. The type “Third Party coverage” is issued by vehicle selling company on behalf of insurance services for some time. This policy is executed as part of protection of public and their liability from any accident that might take place on road.
Purchase Policy Plan Carefully
While purchasing insurance policy, one should make sure about the type of the policy and coverage. Each insurer provides specific coverage. One best way to compare all the policy plans from all insurers is to seek help of an insurance broker.
One such insurance broker STARiNSURED is providing swift assistance for all type of policy plan from top insurers such as Apollo Munich, Universal Sompo, STAR Insurance etc. Online process is very simple and hassle-free. You can also visit these competitive plans online in a few clicks. Get free competitive quote online here.
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