Insurance, in law and economics, is a form of risk management primarily used to hedge against the risk of a contingent loss.
Insurance is defined as the equitable transfer of the risk of a loss, from one entity to another, in exchange for a premium, and can be thought of as a guaranteed small loss to prevent a large, possibly devastating loss. Insurance covers
Life
Non-Life
Corporate
Life
Life Insurance
Loan cover: If someone has taken an education loan, it covers the guarantor of the loan if the person who took loan dies before complete repayment
Education corpus: Saving money for higher education of children
Retirement corpus: Saving money for life after retirement
Wedding corpus: Accumulating wealth for children’s marriage insurance.
Child
Savings
Retirement
Protection
Health
Travel
Car
Non-Life
Non-Life Insurance
Home
Office/Shop
Vehicle—– 2W/4W
Health—– Self and family
Medical Reimbursement: Get back the money paid for treatment
Cash Allowance: Daily allowance for patient and family members
Critical Illness: For specific diseases
Personal Accident: Cover for accident
Opinion: Getting opinions from to overseas doctors
Cash Less Card-Hassle free claims
Tax Benefit – u/s 80d
Coverage of pre-existing illness and diseases
Cover for senior citizens (above the age of 60)
Insurance cover till the age of 100
Maternity coverage
Dental coverage
Travel
Mediclaim
Loss Of Baggage
Liability: legal expenses
Loss Of Passport
Personal Accident
Repatriation: getting home the remains in case of death
Other Insurances
Laptops
Mobile Phones
Jewelery
Corporate
Corporate Insurance
Fire: building and components (inventory and other assets)
