UNCERTAIN LOSS COVER : INSURANCE

INSURANCE:::

Insurance means protection of your loss. Insurance is primarily used to cover against the uncertain lost. An entity which provides the insurance is the insurer or a insurance company or underwriter. The individual or group who buys the insurance is called as policy holder. The individual or the group covered by the insurance is called insurer. The policy holder and insurer may be same or different. In case husband buys insurance for wife then husband is the policy holder and wife is insurer. The promise of insurance company is to compensate the ammount of loss for the covered loss. The losses of insured may be financial or something in which the insured have it's insurable interest.

The insurance company provides a contract called insurance policy/ Bond paper on buying a insurance . The insurer charges a fix ammount of money for the insured for the coverage set forth. The fixed ammount to be payed by insured is called Premium. On any loss of the insured the insurance is claimed for the recovery. Again the insured can cover it's loss by reinsurance. 

Insurance are of various type:

1. Life insurance - It provides cover for your life and can be claimed by any loss of your life or related to the life .

2. Health insurance -  It provides cover for your health and can claimed for any health recovery. 

3. Vehicle insurance - It provides cover for your vehicle and claimed for any loss in your vehicle. 

NOW A DAYS PEOPLES ARE VERY AWARE OF THERE LOSS SO THEY BUY INSSURANCE FOR THEM WITH THERE FAMILY. BUT SOME PEOLPLE THINKS THAT THEY DON'T EVEN NEED A INSURANCE POLICY AND INVEST MONEY IN SOME OTHER PLACES LIKE CRYPTO, NETWORKING,ETC. BUT INSURANCE POLICY ARE NOT IMPORTANT FOR YOU BUT FOR YOUR FAMILY .

FOR WIFE ,HUSBAND IS INSURANCE AND ,FOR HUSBAND INSURANCE IS THE BUYED INSURANCE POLICY.

Some Insurance company who provides better facility in India are

1. BHARATI AXA LIFE INSURANCE

2. LIC 

3. SBI LIFE INSURANCE

4. BAJAJ LIFE INSURANCE

HAVE YOU BUYED A INSURANCE 

OR NOT 

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EMAIL ID ommkardwibedi2003@gmail.com

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