Life insurance life insurance has two advantages that are small savings and security in the event of premature death. insurance is a combination of saving an well as security. Insurer is assured that insurance company will came to rescue of his family in case of premature death. If there is no claim and the policy … Continue reading What is Life insurance?
it covers surgical and medical expenses of insured person due to an illness or injury. it covers costs of hospitalization, cost of consultation fees and cost of medicine.
General insurance (Non life insurance) : general insurance provides insurance for valuables and products other than our life against damage, theft and loss of valuables which are insured.
Insurance is a legal agreement (contract) between two parties i.e. the insurance company (insurer) and the individual (insured). Insurance is a way of protecting yourself and your family from a financial loss.