Insurance is a legal agreement between an individual and the insurance company, under which, the insurer promises to provide financial coverage (Sum assured) against contingencies for an amount (premium). Different types of insurance policies available there are
Car Insurance
Home Insurance
Travel Insurance
Health Insurance
Health insurance is an insurance coverage that gives you financial protection against the losses or medical expenses you incur when coping with an illness, a chronic ailment, or injury.
Personal Insurance
Personal insurance is the collective name for the different types of insurance products available to cover the personal items you may own
Travel Insurance
Travel insurance provides comprehensive coverage against things that are likely to spoil your trip. It covers your medical expenses and other risks so that you can enjoy your trip hassle-free.
Car Insurance
Car Insurance is a type of vehicle insurance policy that protects your car & car owner from any risks & damages that may lead to financial losses.
Life Insurance
Life Insurance is a financial product, wherein the policy holder and the life insurance company comes to an agreement.
Business Insurance
Business insurance coverage protects businesses from losses due to events that may occur during the normal course of business.
The relevance of having health insurance in today’s times becomes crucial, especially when we are finding it difficult to balance our work-life with healthy lifestyle choices. On top of that, medical emergencies may arise without any intimation. While you may not predict the outcome in this case, what you can do is prepare beforehand against emergencies with health insurance plans.
What Are Health Insurance Plans?
Health insurance plans in India are basic indemnity-based insurance products, which are specifically designed to provide financial assistance against medical expenses incurred in case of hospitalization or critical illnesses. Health insurance covers medical expenses, which includes hospitalization expenses, treatment expenses, surgeries or any other medical cost.
In other words, having health insurance coverage will enable you to opt for the best possible medical treatment. On your behalf, the insurance company will either provide cashless treatment or reimburse the hospital expenses.
Types of Health Insurance Plans
There are many types of health insurance plans in India, such as:
Having a family that cares for you is the most precious gift in life. You do everything possible to be with your loved ones and take care of their needs – both emotional and financial. To make sure that your loved ones are protected and happy throughout their lives, you must take steps to protect their financial future if something unexpected happens to you.
It is where the decision to buy a life insurance policy plays a vital role. Life insurance acts as a tool to protect your family from potential financial losses that may come up after your unfortunate demise. The life insurance benefits your family members will receive help pay off debts, meet regular living expenses, and support various life goals.
Types of Life Insurance Plans
Business insurance is a kind of insurance that helps an enterprise to protect its financial assets, intellectual property and physical location from an unforeseen incident causing huge financial losses. It supports the insured business against any damage or loss arising out of incidents like natural disasters, thefts, vandalism, lawsuits, loss of income and employee illness, injury or death. Such incidents can cause a major setback to your business. In several cases, it leads to partial or complete closure of the business leading to loss of income.
Types of Business Insurance Plans
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