What is insurance in English - Friends have heard so many things from the mouths of many people. Take a house, take a flat, take up vacant land, take gold, no doubt, even today, people talk so much about the purpose of investment. But already the word which is there now is spoken very much. Whether do or not do insurance, take it firmly, now what is this insurance, we will know today, Hello friends and welcome to our website.
Insurance means protection from imminent danger, that is, an option to cover your life and property risks, but why should insurance be done, how does insurance work and how many types of insurance does it have? It is also important to know so that you can choose the right insurance according to your need, so today we have brought for you all the necessary information related to insurance, so if you read this post completely, let's start.
What is insurance ?
Insurance is a legal agreement that is between two parties, the insurance company and the person making the insurance, then the awarding of this agreement, when a person insures his insurance from the insurance company, then the financial loss to the person in the future will be repaid by the insurance. The company does.
How does insurance work?
Under the insurance agreement, a fixed amount is taken from the insured person by the insurance company from the insured person who is called a premium, if the insured person suffers any loss after taking the premium, according to the terms and conditions of the insurance policy. His loss is repaid in the same way. If a property such as a house or car is insured, then the owner of that property is compensated based on the condition already predisposed in case of breakdown or damage.
How many types of insurance are there? ?
Insurance is of two types, Life Insurance and General Insurance, but nowadays many types of insurance have become famous. Such as: - Travel Insurance, so let us know about all these types.
1. Life Insurance
Friends, it is known by its name that this type of insurance is the insurance of the life of an insured person. That is, if the person who insures himself suddenly dies, then the company pays compensation to his family. The import of this life insurance increases greatly when the head of the family dies and he is the one who takes care of the financial security of the family. In such a situation, if that person is not there, then his family gets financial support, so life insurance must be done so that even if you are not, your family will feel financially secure.
2. General insurance
In this type of insurance, home, vehicle, health, animals insurance are all included.
• Home Insurance
Talking about home insurance, many people also get their house insured, by doing this, their house is secured, that is, if any damage is done to their house in the future, it is compensated by the insurance company. Such insurance covers the damage done to the house by many natural disasters like Fire, Earthquake, Flood, besides insurance protection is also given for disasters like strike riot theft and terrorism.
• Health Insurance
Friends, health problems have increased a lot these days, or to say that people have become too much warehousing, so the expenditure on help has also increased a lot, in such a situation, if you take health insurance, then in case of any illness, treatment The expenses are covered by the insurance company. How much cover will be given by the insurance company in the treatment, it will depend on the investigation of the policy taken by you. Here it is important to note that the benefit of the health insurance policy is available only in the hospital which In addition to this policy, nowadays there is also such health insurance policy. Which can give insurance security to your entire family, that's why you should choose such a policy.
• Car Insurance
In our country too, the insurance of the vehicle is compulsory and if it is not done, then it is fine that under this insurance policy, the insurance company gives compensation for the loss of your vehicle, whether it is a car or a two wheeler or a three wheeler. Such cases are covered by the insurance company as third party insurance if the vehicle has caused injury to a person or inadvertently caused death of a person.
• Crop Insurance
For such farmers who take agricultural loans, it is very important to take crop insurance, in this insurance, the insurance company will compensate the loss due to crop crop crop due to any reason.
• Business Liability Insurance
This insurance compensates the loss due to the consumer of a company's work or any of its products, that is, any loss to a customer due to the functioning of a company or any of its products, the penalty imposed on the company in such situations and It is the responsibility of that insurance company to bear all the costs of legal proceedings. Which is the business liability insurance of that company.
• Travel Insurance
Now-a-days travel insurance is also very much in trend and it protects against the loss of insurance travel i.e. if a person who has got his travel insurance goes abroad for work or travel purpose and from there injury. If it happens or there is an incident like losing its belongings, then the insurance company pays the compensation to that person. The time limit of this policy is from the beginning of your life to the end of it. Apart from this, travel insurance is also available for small and big trips within the country. Nowadays, if you use applications to book most cabs, then you also see the option of insurance there just in ₹ 1 or ₹ 2. Also, when you travel on the plane, you still see the option of insurance and it is your choice whether you want to select it or not.
Friends, you must now know what is insurance, what are its benefits, how can it benefit you in the long term, especially in the future, which you do not even know. So, Baghawan should not do anything like this to anyone, yet you are in a lot of tension with your family, there is a lot of tension in your mind about your home, then it would be best that you keep insurance so that your stress is over . Because there are things that are not in our hands. And if you think that people keep saying this to you often then you know that you have to take insurance or not and this post has also given information to Karfi. Now how did you find this post, do let us know by commenting on it. Thank you !
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