What Is Insurance And Benefits

What Is Insurance ,Is Insurance Is Compulsory To All Of Us,Benefit To Have Insurance ,Types Of Insurance, Companies To Buy Insurance?

What Is Insurance :-

Intro:-

Insurance provides a way you can protect yourself against unpredictable risks, and therefore it can be very beneficial to you. Accidents, injuries, and old age can deprive you of physical health. Also natural disasters, robberies, or a whole host of different things can cause you to lose your possessions.

Insurance :-

Insurance provides a way you can protect yourself against unpredictable risks, and therefore it can be very beneficial to you. Accidents, injuries, and old age can deprive you of physical health. Also natural disasters, robberies, or a whole host of different things can cause you to lose your possessions.

Nobody wants to think that unexpected things will happen, but sometimes they do. Insurance is an easy way of protecting yourself against financial losses caused by these problems. With good, comprehensive insurance, you don’t have to worry about the unexpected financial burdens that may be caused by these things.

If you’re just starting to think about insurance coverage, it can all seem a little confusing. There are so many different types of insurance available, and an even bigger variety in the types of policies you can get. The biggest challenge in finding the right insurance policy can be in figuring out what you really need.

Is Insurance Is Compulsory To All Of Us :-

A few types of insurance are required by law – if you own a car, for example, the law requires you to have auto insurance. One reason this is important is because if you cause an accident, you are liable for the injury and property damage of other people involved in the accident.

Many other types of insurance, such as life, renters, and travel insurance, are optional. Two common types of insurance are health insurance and home insurance.

Shopping around for insurance is much the same as any other type of shopping. You can compare products and prices, and look at the types of benefits you’re getting for your money. There are a few important things to consider when you’re shopping around for insurance coverage.

First, it’s good to consider whether or not the insurance policy meets your needs. What risks, items, and events does it cover? How much will be paid out if you make a claim – will it be the full cost of the item, or will you get less money as the item depreciates? What isn’t included in the policy? For example, if you insure your home contents, are you covered if you leave the house unlocked?

A second thing to consider is cost – what can you afford, and what will you get for your money? Will you save money with a direct debit payment? Will it cost more to pay monthly than if you pay yearly? Is your premium cost fixed, or is it subject to change?

It’s also very important to look at the flexibility of your policy. What happens if you miss a payment? Does coverage stop immediately, or will you have a “grace” period to give you time to make the payment? Will you receive any money back if you cancel the insurance policy?

Also, if you switch to a new insurer, will you lose coverage for existing problems? This last question is particularly important if you’re considering health insurance, as companies will charge higher premiums if you have an existing health problem.

Finally, remember to review your policy each time you renew it. This can be a very important point since it’s important that your insurance policy continues to meet your needs for as long as you have it.

Benefit To Have Insurance :-

Look, no one in all of us knows what will happen to us in the next moment.
Suppose the one who takes care of your family dies due to some reason. So what will happen because of his death, the whole family will not be able to take care of him.

Look, the life that God has given to all of us has to end one day, but even after our departure, if we want to do something for our family, then we must take an insurance.
So for this we all should take insurance.

Now let’s talk about some such insurance, if you do not take it, you can also have a police case. If you have any vehicle, then you will have to take insurance of that vehicle, otherwise you can be challaned or punished.

If you are traveling in a ship, then you are insured there too.
There are many more such examples where you need insurance.

We will read them in detail in the next tutorials.

Types Of Insurance:-

If we talk about 19’s then insurance was only for human but nowadays we can get insurance for everything.

  1. First of all we can get human insurance
    2 vehicle insurance
    3 home insurance
    4 shop insurance
    5 Computer or electronics goods insurance
    6 Insuring your teeth
    There can be many more types.

Companies To Buy Insurance?

In today’s time there are companies which offer insurance.
Below is a list of some companies

Life Insurance Corporation of India

Public Insurance Provider Companies In India

Name of Insurance CompanyInfo
Life Insurance Corporation of Indiahttps://www.licindia.in/

Private Insurance Provider Companies In India

Name of Insurance CompanyInfo
AVIVA Life Insurance Co. India Ltd.https://www.avivaindia.com/
Aegon Life Insurance Co. Ltdhttps://www.aegonlife.com/
Aditya Birla Sun life Insurance Co. Ltd.https://lifeinsurance.adityabirlacapital.com/
AGEAS Federal Life Insurance Company Limitedhttps://www.ageasfederal.com/
Bharti AXA Life Insurance Co. Ltd.https://www.bhartiaxa.com/
Bajaj Allianz Life Insurance Co. Ltd.https://www.bajajallianzlife.com/
Canara HSBC Oriental Bank of Commerce Life Insurance Company Limitedhttps://www.canarahsbclife.com/index.html
Pramerica Life Insurance Limitedhttps://www.pramericalife.in/
Edelweiss Tokio Life Insurance Co. Ltd.https://www.edelweisstokio.in/
Exide Life Insurance Company Limitedhttps://www.exidelife.in/
Future Generali India Life Insurance Co. Ltdhttps://life.futuregenerali.in/
HDFC Life Insurance Co. Ltdhttps://www.hdfclife.com/
ICICI Prudential Life Insurance Co. Ltdhttps://www.iciciprulife.com/
IndiaFirst Life Insurance Company Limitedhttps://www.indiafirstlife.com/
Kotak Mahindra Life Insurance Company Limitedhttps://www.kotaklife.com/
Max Life Insurance Co. Ltdhttps://www.maxlifeinsurance.com/
PNB Metlife Insurance Co. Ltd.https://www.pnbmetlife.com/
Sahara India Life Insurance Co. Ltd.https://www.saharalife.com/
SBI Life Insurance Co. Ltd.https://www.sbilife.co.in/
Shriram Life Insurance Co. Ltd.https://www.shriramlife.com/
Star Union dai-ichi Life Insurance Co. Ltd.https://www.sudlife.in/
TATA-AIA Life Insurance Co. Ltd.https://www.tataaia.com/
Reliance Nippon Life Insurance Company Ltd.https://www.reliancenipponlife.com/

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