Various types of insurance and its benefits - Before choosing an insurance package is important for us to know what are the types of insurance and what benefits will we get later when things happen that are not desirable. insurance essentially be divided into three broad categories, namely general insurance, life insurance and insurance loss. but the division is still common, there is a division of the types of insurance derived from three types of insurance is to facilitate you and the company in providing insurance package that suits your needs.
Insurance terms describe any actions taken to protect against a risk. insurance participants have an obligation to be willing to pay a certain sum of money called a premium, to other parties, namely the insurance companies. The insurance company, in turn, agrees to compensate and provide protection against certain future losses. types Losses and benefits that will be earned by the insurance participants discussed stipulated in the contract and the provisions of the so-called policy.
When the insurer or the insured participant members suffered loss and damage covered by the policy contract, the insured is entitled to file an insurance claim. insurance claims depends on the policies and the types of insurance that are owned by the participants. The receiver can be insured person or other person designated by the participants. for more details you can read our previous article about What is Insurance and its systems. for the moment we are more focused on the types of insurance
types of insurance, kinds of insurance
Various types of insurance and its benefits
The insurance company makes insurance policy in accordance with the focus grouping and risks to them. It provides a measure of uniformity in the types of risk covered by the policy, which in turn enables insurers to anticipate potential losses and set premiums accordingly. The most common form of insurance policy types, namely:
Life insurance
Life insurance provides financial benefits to the person designated for the death of the insured. Various forms of life insurance issued. Some provide payment only after the death of the insured, the insurance company partially else there could allow the insured to claim the funds before his death.
A person can buy life insurance on his own life for the benefit of a third person. The individual person can even buy life insurance on the lives of others. For example, a wife may buy life insurance that will provide benefits to him after the death of her husband. then the parents insure themselves against child mortality. or otherwise parents buy insurance for their children and life insurance generally offers the advantage financially given to the heirs of insurance participants. further details will be discussed in the next article
Health Insurance
Health insurance is an insurance product that specifically deal with health problems caused by an illness and treatment processes to bear on members of his insurance. Generally include protecting and bear in injury, disability, illness, and death due to an accident. Health insurance can be purchased for oneself and for others.
Vehicle insurance
The most popular car insurance. ie insurance against injury to another person or to damage to the vehicle caused by another person insured vehicle. Car insurance can also pay for the loss of, or damage to, the insured motor vehicle. Most states require all drivers or vehicle owners have insurance usually all losses and damages resulting from accidents are paid by the insurance company, but it depends also on the policy of the insurance company. sometimes they only bear part of the loss of his caontoh in cases of terrible accident, or where the cost of treatment or repair exceeds the amount set by law.
Home ownership and property insurance
Homeowners insurance 'to protect homeowners from the losses associated with their place of residence, personal property insurance to protect against loss of, or damage to, certain items of private property. These include protecting and providing relief in the event of an accident in your home such as fire and so forth.
Insurance education.
It is one of the most popular types of insurance today. education insurance is a smart solution to ensure better life. for example, parents who insure children's education. the cost of the premium to be paid by the insurance participants depending on the type of education to be obtained later.
There was also the Business Insurance can guarantee against damage, loss and the loss of large amounts in accordance with policy. Fire insurance policy covers damage caused by fire, explosion, earthquake, lightning, water, wind, rain, collision, and riots. General insurance protects the insured against various losses, including those related to legal liability, theft, accident, property damage, accidents and injury to workers, as well as credit insurance to others. Credit insurance that protects and manages the process of borrowing and problems in making certain types of loans
For the marine field there is also a marine insurance policy to make sure the carrier and the owner of the cargo sent through the ocean sea, or navigate the waterway. Marine risks include damage to the cargo, the ship's damage, and injuring the passenger.
Read also the reason why you should have travel insurance travel
Air travel insurance provides life insurance benefits to the beneficiary named if the insured dies as a result of the specified aircraft flight
Many other types of insurance are also excluded. such as group health insurance is typically offered by an industry for all their employees. that some types of insurance are usually available, but person can buy supplemental insurance to cover losses that exceed the stated amount or more of coverage provided by certain insurance policies and premiums must be paid even greater. That kinds of insurance type as well as its benefits may be useful.
Insurance terms describe any actions taken to protect against a risk. insurance participants have an obligation to be willing to pay a certain sum of money called a premium, to other parties, namely the insurance companies. The insurance company, in turn, agrees to compensate and provide protection against certain future losses. types Losses and benefits that will be earned by the insurance participants discussed stipulated in the contract and the provisions of the so-called policy.
When the insurer or the insured participant members suffered loss and damage covered by the policy contract, the insured is entitled to file an insurance claim. insurance claims depends on the policies and the types of insurance that are owned by the participants. The receiver can be insured person or other person designated by the participants. for more details you can read our previous article about What is Insurance and its systems. for the moment we are more focused on the types of insurance
types of insurance, kinds of insurance
Various types of insurance and its benefits
The insurance company makes insurance policy in accordance with the focus grouping and risks to them. It provides a measure of uniformity in the types of risk covered by the policy, which in turn enables insurers to anticipate potential losses and set premiums accordingly. The most common form of insurance policy types, namely:
Life insurance
Life insurance provides financial benefits to the person designated for the death of the insured. Various forms of life insurance issued. Some provide payment only after the death of the insured, the insurance company partially else there could allow the insured to claim the funds before his death.
A person can buy life insurance on his own life for the benefit of a third person. The individual person can even buy life insurance on the lives of others. For example, a wife may buy life insurance that will provide benefits to him after the death of her husband. then the parents insure themselves against child mortality. or otherwise parents buy insurance for their children and life insurance generally offers the advantage financially given to the heirs of insurance participants. further details will be discussed in the next article
Health Insurance
Health insurance is an insurance product that specifically deal with health problems caused by an illness and treatment processes to bear on members of his insurance. Generally include protecting and bear in injury, disability, illness, and death due to an accident. Health insurance can be purchased for oneself and for others.
Vehicle insurance
The most popular car insurance. ie insurance against injury to another person or to damage to the vehicle caused by another person insured vehicle. Car insurance can also pay for the loss of, or damage to, the insured motor vehicle. Most states require all drivers or vehicle owners have insurance usually all losses and damages resulting from accidents are paid by the insurance company, but it depends also on the policy of the insurance company. sometimes they only bear part of the loss of his caontoh in cases of terrible accident, or where the cost of treatment or repair exceeds the amount set by law.
Home ownership and property insurance
Homeowners insurance 'to protect homeowners from the losses associated with their place of residence, personal property insurance to protect against loss of, or damage to, certain items of private property. These include protecting and providing relief in the event of an accident in your home such as fire and so forth.
Insurance education.
It is one of the most popular types of insurance today. education insurance is a smart solution to ensure better life. for example, parents who insure children's education. the cost of the premium to be paid by the insurance participants depending on the type of education to be obtained later.
There was also the Business Insurance can guarantee against damage, loss and the loss of large amounts in accordance with policy. Fire insurance policy covers damage caused by fire, explosion, earthquake, lightning, water, wind, rain, collision, and riots. General insurance protects the insured against various losses, including those related to legal liability, theft, accident, property damage, accidents and injury to workers, as well as credit insurance to others. Credit insurance that protects and manages the process of borrowing and problems in making certain types of loans
For the marine field there is also a marine insurance policy to make sure the carrier and the owner of the cargo sent through the ocean sea, or navigate the waterway. Marine risks include damage to the cargo, the ship's damage, and injuring the passenger.
Read also the reason why you should have travel insurance travel
Air travel insurance provides life insurance benefits to the beneficiary named if the insured dies as a result of the specified aircraft flight
Many other types of insurance are also excluded. such as group health insurance is typically offered by an industry for all their employees. that some types of insurance are usually available, but person can buy supplemental insurance to cover losses that exceed the stated amount or more of coverage provided by certain insurance policies and premiums must be paid even greater. That kinds of insurance type as well as its benefits may be useful.
0 Response to "Various types of insurance and its benefits"
Post a Comment