INSURANCE

INSURANCE

We can define insurance as follows:

Insurance is a contract between the insurance company (insurer) and the policyholder (insured). In return for a consideration (the premium), the insurance company promises to pay a specified amount to the insured on the happening of a specific event ,like :-
Loss of Life(Death),Damage/Loss of Property,illness in Health



Top 3 popular Insurance

1. Life Insurance.
   - Life (loss of Life)
   - Term and Critical illness Insurance
   - Loan/Liability Insurance
2. General Insurance.
   - Automobile Insurance.
   - 4 Weller Insurance
   - Property Insurance (Fire/Earthquake/Etc.)
3. Health Insurance
   - Medical Insurance i.e. when Hospitalized due to illness

     - For Medicines for the illness