WHY INSURANCE
The lifestyle of your family depends on your financial position you lead which support to enjoy a decent standard of living. Insurance is all about the security of your loved ones. Insurance is required to protect your family and your loved ones in your absence to lead the lifestyle same as they enjoyed in your lifetime. Insurance is also need to protect the uneven circumstances in your life, which is why insurance is especially important once you start a family. It means the people who matter most in your life may be protected from financial hardship if the unexpected happens. The insurance also need to have a better financial planning.
The solutions to Protect us and our family First We have to ask our self Why Insurance?-
LIFE INSURANCE
Life insurance is a contract between an insurance policy holder (insured) and an insurance company (insurer). Under this contract, the insurer promises to pay a pre-decided sum of money (also known as “Sum Assured” or “Cover Amount”) upon the death of the insured person or after a certain period.
To ensure that your family has some immediate financial support in the event of your demise. Finance your children’s education and other goals in life. To have a savings plan for the future of your family who can survive in your absense.
HEALTH INSURANCE
We all know Health is Wealth. But wealth is always need to keep the health fit and fine
Health insurance is a type of insurance that covers medical expenses that arise due to an sickness. These expenses could be related to hospitalisation costs, cost of medicines or doctor consultation fees.
Health Insurance is important because Wealth is useless untill you won’t care about your health
CAR INSURANCE
Motor insurance (also known as vehicle / car / auto insurance) is insurance purchased for cars, trucks, and other road vehicles. Its primary objective is to provide protection against physical damage resulting from accidents and against liability that could also arise there-from for the vehicle and the affected person(s).
Motor insurance in India covers for the loss or damage caused to the automobile or its parts due to natural and man-made calamities. It provides accident cover for individual owners of the vehicle while driving and also for passengers and third party legal liability. In India motor vehicle is compulsory as per the law for any type of vehicle.
HOME INSURANCE
Home insurance is a type of insurance that is designed to protect an individual’s home against damages to the house itself, to the property, or to possessions in the home, against all types of natural or man-made unforeseen disasters.
- Home is one of the most priced possession and biggest investment that most individuals incur during their life time. Hence it becomes very essential to protect it against various uncertainties.
- Home Insurance helps cover for a lot of damages caused to the structure and the content of the house due to uncertainties like theft, hailstorms, riots, etc.
- If a home is purchased on loan/ mortgage, then the lender is required to purchase a home insurance in order to protect his interests in case the borrower defaults.
- It helps by providing cover for accidents caused to a third party in the home for which the owner could be held liable.
- Finally, it gives an individual a peace of mind that the home is protected!
PERSONAL ACCIDENT INSURANCE
Personal Accident Insurance covers in the event of the person sustaining bodily injuries resulting solely and directly from an accident caused by external, violent and visible means, resulting into death or disablement (partial/total). It pays for injuries sustained, occurred anywhere in the world.
Why Personal Accident Insurance?
- An unfortunate event can happen to anyone, anywhere & anytime.
- Insurance policy cannot prevent the accident from happening, but the policy will protect from the financial losses that the accident may cause.
- Though the health insurance plan covers the medical expenses, and the life insurance protects the financial stability of family, the need of personal accident insurance still exists as it helps to cover financial deficits that arise on account of accidents.
- It covers accidental death and disabilities caused due to accident
