Various types of insurance and Benefits
Underst anding
Various types of insurance and
Benefits
Insurance companies make a grouping
of types of insurance policy in accordance with the focus and risk to clients.
This gives a measure of the similarity in the risk that certain policy types
covered by, which in turn allows the insurance company to cope with potential
losses and set appropriate premiums. Insurance type of policy, namely:
Life insurance
Life insurance provides a financial
benefit to the person that is selected on the death of the insured. Some form
of life insurance that was published, among others, provides the payment only
after the death of the insured, most other insurance companies that can allow
the insured to claim the Fund before his death.
One can buy the services of life
insurance on the lives of his own people for the benefit of third parties. an
individual can even purchase life insurance on the lives of others. For
example, a wife can buy life insurance that will provide benefits to her after
her husband's death. next parent insuring themselves against the death of
children. Or conversely of parents buy insurance for her son and life insurance
generally offers the 1997 financial benefits granted to beneficiary Member
insurance.
Health insurance
Health insurance is an insurance
product that specifically deal with health problems due to an illness and took
care to participants of the insurance process. In General, including protecting
and bear on the injury, disability, pain, and death due to accident.
Vehicle insurance
In this section the most popular
car insurance. i.e. insurance against injury to others or damage to the vehicle
body against other people caused by the insured vehicle. This car insurance can
also pay for the loss of, or damage to, a motor vehicle insured. Uumnya of the
State requires all the driver or vehicle owner has insurance cover is usually
all the loss and damage due to accidents are paid by insurance companies, but
it all depends on the insurance company's policy.
Property insurance and home
ownership
The benefits of this Insurance
protects homeowners from losses related to the location of their residence.
This private property insurance protects against loss of, or damage to, the
goods of a particular private property. The benefits include protecting and
providing relief in case of an accident at your home such as fires, landslides,
etc.
Insurance education.
This type of insurance is one of
the most popular type of insurance today. Is a smart solution to guarantee a
life for the better. for example, parents who insure their children's
education. The cost of the premiums to be paid by members of the insurance
depends on the level of education who want obtained later.
Business Insurance
The advantages of this insurance
can insure against damage, loss and losses in large quantities that comply with
the rules. Fire insurance policy covers damage caused by fire, explosion,
earthquake, lightning, water, wind, rain, collision, and riots.
For marine Field there is also a
marine insurance policy ensuring the carrier and the owner of the cargo sent by
sea, ocean or waterway in layari. The risk of sea cargo damage, including
damage to the ship, and injure the passengers.
Air
travel insurance offers life insurance benefits to the beneficiary if the
insured dies as result of aircraft flight
