Health Insurance

The health insurance is needed because you cannot know what happen in future.Health Insurance is the insurance against the security of health. It is the policy, which helps us cover the payment easily. Health insurance is a type of insurance policy in which the insurer provides for the cost of any or all of the health care services. In this policy a insured person has to pay premium according to the policy. Nowadays Health care is become very expensive. Even just the simplest consultations with doctor are very costly. And if things turn bad and a person has an accident or becomes sick, the bills can become quite expensive. So it is become more essential to have a health Insurance.

Life Insurance

Life insurance is the policy, which give the insurance against life. Today life insurance is done by almost every family, everyone is ready to buy the policy and ready to pay the premium. There are three parties involved in life insurance policy they are: - The one who is insured -The one who insures it -The policyholder. The demand for life insurance will continue to increase. Every year, billions of dollars is spent on life insurance. In today's world, families are buying more life insurance that ever before. The demand for insurance has really made the cost for insurance to increase. Life Insurance is a booming business. The first insurance company in America was formed in 1732 in Charleston, South Carolina. A Life Insurance Policy provides the payment of the amount of the insurance to the family members on the death of the insured person.

Insurance

Type Of Insurance :

• Life Insurance
• Health Insurance
• Car Insurance
• Property Insurance
• Accidental insurance

INSURANCE

Defination :Insurance means be secured on time.It is the kind of security which a person get after some period of time if he Insured.

1. Insurance is the transferance of risk.
2. A system to protect persons against the risks of financial loss by transferring the risks to a large group who share the financial losses.
3. A contract that provides compensation for specific losses in exchange for a periodic payment.
4. Protection against future loss .
5. Promise of Reimbursement in the case of loss.