As humans, we are vulnerable to falling sick or getting a disease due to our hectic and stressful lifestyle. The solutions to these health related expense worries lies in having a good Health Insurance Policy which covers medical expenses incurred during hospitalization stages.
It provides financial support to surviving dependents or other beneficiaries after the death of an insured. Here are some examples of people who may need life insurance. Investment Plans, as far as a lay person is concerned are life insurance plans.
Insurance contracts that do not come under the ambit of life insurance are called general insurance. The different forms of general insurance are GHI, GPA, GTI, CSI, fire, rejection, marine, trade, travel and other miscellaneous non-life insurance.
The basic purpose of motor insurance is to provide financial protection against physical damage to the vehicle or bodily injury to third party as a result of accidents and damage, collisions apart from liabilities arising from such incidents who are in part of motor insurance.
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