Nowadays insurance companies have introduced plans for every kind of need. They have products available to protect your home, life, health, car and more. One has various options to choose from.
But one has to be careful and make sure you choose the right policy for yourself. The policy which people normally invest are the basic ones like health , to save tax and make savings for the future like ULIP’s ,home and car.These policies benefits and are worth investing in.
The various kind of polices are:-
Health Insurance:- Is a plan where you are covered for and hospitalization or medical expenses due to any unexpected illness or accident. There also a Personal Accident Insurance available where the policyholder is compensated for loss of life or injury either partial or permanent caused by an accident
Home Insurance:- Your home is your most priced possession and you ought to insure it. The policy helps you to cover the loss due to any kind of damage done to the property and protects the policyholder and family.
Travel Insurance:- This policy covers the insured against any kind of mishap while traveling abroad like repatriation, loss of checked baggage, passport , also protects
the insured against personal accident, medical expenses
Motor Insurance:-There are two types of motor insurance, one covers the act of liability and the other covers any damage caused to the vehicle. There is a Vehicles Act which states that every vehicle plying on the road has to be insured.
Liability Insurance: -This policy indemnifies the Insured against the compensation that he has to pay for his legal liability arising out of loss or damage to third party property or life/injury.
