A life insurance policy is actually a contract with an insurance company. A lump sum amount is provided, in "continuing" for premium payments, known as the death benefits, to the nominees or beneficiaries.
Life insurance provides financial security to your family in case of your untimely demise. It ensures that your loved ones maintain their standard of living and achieve their life goals even in your absence.
Benefits of Life Insurance:
General insurance or non-life insurance policy, including automobile and homeowners policies, provide payments depending on the loss from a particular financial event.
General insurance includes a wide range of insurance policies that protect your assets against unforeseen circumstances such as theft, damage, or natural disasters. It includes motor insurance, home insurance, travel insurance, and more.
Types of General Insurance:
In today's fast paced lives that we live and in a race to excel in everything, we forget one of the most important asset we own I.e our health.
Health insurance provides coverage for medical expenses in case of hospitalization due to illness or accident. It ensures that you receive quality healthcare without worrying about financial constraints.
Benefits of Health Insurance: