Basic of Insurance
Today in the world; Insurance is the key factor in everyday life. What is insurance? And what does that mean? These questions are always in the minds of all people; But today's life is so fast & Nobody has to explain the meaning of insurance in simple words. Do not worry I will try to answer all questions.
insurance meaning in simple words
insurance meaning in simple words
Insurance - Nobody in human life can say that I live in 50,60, 75 or 5 years. Every person will think about the future of his family so there is no guarantee of life; So everybody protecting dreams of his family. That is why family heads take life insurance (family members take insurance). not only life insurance but vehicle,health,general ,home insurance are includes.
Let's know insurance meaning in simple words. Insurance prompts the holder of the insurance that after you ,your family is the responsibility of mine.That is, the insurance company will provide financial support to its family after the death of the insured.
Profits of insurance
- Insurance company Monthly certain amount paid the insurance holder family members.
- In case of car or any vehicle insurance company give a certain amount of insurance holders.
- In Health insurance if you have paid yearly premium amount regularly then the insurance company paid hospital bill of insurance holder.
Insurance chain
- Choose insurance plan
- To paid regular premium.(insurance holder)
- Happen unexpected events (death or any loss of car,health)
- Insurance companies paid amount of insurance holders family.
insurance meaning in simple words.
- Protecting the family from the unfortunate incident
- Protection from natural disaster that's called "insurance".
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