MoneyTree

What is Insurance?

Insurance is a contract, represented by a policy, in which an individual or entity receives financial protection or reimbursement against losses from an insurance company. The company pools clients' risks to make payments more affordable for the insured.

Why Insurance?  

· Protection

· Security

· Safety

· Coverage

· Confidence 

These include risk of losses of life, health, assets, property, etc. While it is not always possible to prevent unwanted events from occurring, financial world has developed products that protect individuals and businesses against such losses by compensating them with financial resources.

Nowadays we found the need of Health Insurance is must due to current Pandemic situation. As we are going towards the upskilling our standard of living and busy lifestyle, it also brings many health related issue with it which will eat up all your savings and investments. To protect our savings from paying huge hospital bills, we need to take Health Insurance. It's not an option, it's a compulsion!

Let's understand it in some detail:

What is Health Insurance?

Health insurance is a type of insurance coverage that pays for medical and surgical expenses incurred by the insured. Health insurance can reimburse the insured for expenses incurred from illness or injury.

Health Insurance is a type of insurance that offers financial coverage for medical expenses, in case of a medical emergency. A health insurance plan provides insurance coverage to the insured with multiple benefits, including cashless hospitalization, day-care facility & coverage for terminal & critical illness etc.

How to select the Insurance Company?

We need to consider some points while selecting the Insurance company.

1.     Reasonable Premium

2.     Claim Settlement Ration

3.     Application Procedure

4.     Simple and easy to understand product  Services

Always Remember:

• PLAN FOR UNEXPECTED
• NEVER MIX INSURANCE AND INVESTMENT