When people face accidents and other emergencies, the best safety measure is insurance.
Therefore, insurance can be defined as the simplest form of risk management. That is, the insured transfers the cost of accidental loss to others in exchange for the monetary compensation of insurance premium.
Insurance enables people, enterprises and other institutions to protect themselves at a reasonable price from general forms of difficulties related to finance, health and life.
These insurance coverage may apply if:
• Protect families from loss of income after death
• Repayment of debts after death
• Including conditional liabilities
• Protection of key employees or deaths
• Protect businesses from loss of revenue
• Protect yourself from unexpected health problems
• Protect the house from theft, fire, flood and other hazards
• Protect yourself from litigation
• Protect yourself in the event of a failure
• Protect the car from theft or accidents
• etc.
Basic operation mode of insurance
This is to gather all kinds of risk factors and people who are interested in insuring themselves, and deposit the insurance premium in the company’s safe box, just on the account owned by the insurance company.
Comment on insurance contract
As a legal document, insurance deposit clarifies the coverage and limitation of insurance rules. It is important to read the contract accurately and ask about unclear areas.
After you find that you do not want to pay the premium, you think the attached content is not included.
risk
Life is full of danger.
Some can be prevented, or at least reduced, some can be avoided, and some are completely unpredictable.
There are two main types of insurance, life insurance and general insurance. It covers all aspects of your life and further subdivides them. We apply this below.
O Automobile insurance
O Fire insurance
O Household insurance
O Personal accident insurance
O Medical and health insurance
Life insurance is an insurance that pays a certain amount to the insured or its designated beneficiary when certain events such as the death of the insured occur.
This form of premium payment can be made monthly, quarterly or annually.
Life insurance is basically as follows:
O Premature death
O Retirement income
O Disease
Reasons include:
O Life
O Donation
O Investment linked
O Life annuity plan
O Medical and health
General insurance is basically an insurance policy that protects you from losses and damages other than life insurance.
But how do you know that the hard earned money is spent on the policies you need most? The answer is simply to do your research and ask questions about your insurance needs.
