What is Insurance?
Insurance is one of the transferring risk methods. We are living in a world where we see people fall sick, people meet with road accidents, people die early, Earthquake, Fires, and Floods apart from all every single moment is unpredictable, we do not know what is going to happen in just even a next moment, so generally Insurance gives financial protection whenever there is a loss.
Life is unpredictable in this world, A life insurance policy is the key to protect your family or loved ones.
Covers medical expenses during the hospitalization and also covers the room rent charges, ICU charges, Doctor’s consultation fee, nursing charges and many more.
Compensate the losses when you meet with road accident while driving vehicle, It is also mandatory to have vehicle insurance policy.
That covers medical expenses of illness & injury during the travelling in abroad and also covers lost of passports, loss of checked in baggage and flight cancellations.
An Investment can be made in FDs, Bonds, Mutual Funds & any other investment products, whichever you like but the main motive of investment is to get the best Rate of Interest on your money.