Our life or our property is required to be insured through
insurance Policy. If you have some doubts about insurance in your mind then Please
read the post till the end, today we will discuss all aspects of insurance.
We all know that the life and wealth of any person is from
both death, inequality, and after
The house is there. I know that someone is going to be with
them the next moment. From such an event.
You may incur significant financial losses. To protect
himself from such a situation
Insurance is the best way by which these risks can be
reduced to a great extent.
He took full care of these risks from these insurance
schemes by the insurance company
goes. Insurance can save you from risks like fire in a
house, car accident, house
To be sick It is because of some insurance that you also
donate money to cure your illness.
They also present this insurance amount to your family after
your death.
If you have insurance or want to know more about the topic
then this article is about insurance or It has to be read completely. Which will give you complete
information about it. So the fur became delayed Let's start.
What is Insurance
Insurance is a kind of legal agreement between two parties
that first insurance company (who gives insurance or insurer) and person is
insurance (who takes insurance Or insured).
The insurance company would hack if ever something
untoward or unexpected happened.
The company is the only borrower of everything. He must have
suffered a loss as well
All companies will do the same.
This type of incident is called contagiousness.
When will it happen? This insurance company has to
compensate for all the losses like
What did he have before.
Principles of
Insurance
When you buy an insurance and insured is a legal contract of
insurance, it is It is called insurance policy.
This insurance policy contains all the details about which
you should know as if they all
conditions and circumstances under which the insurance
company gives you your
Insurance is going to pay amount if there is any loss, if
you do not, then by you
Selected nominee.
Insurance is a very great way to protect yourself and your
family from any financial loss.
Saves. The effect is found to be as big as insurance cover,
as well as a small premium.
This is probably why you claim this car insurance as few
people do, but they
All premiums are required to be filled for this. This is why
the company is profitable.
Anyone can try to get an insurance or company insurance but
for that car Insurance company has to be donated. The insurance company
decides. Insurance for The company thoroughly evaluates your application by telling
you a decision first.
Most of the time she refuses to donate insurance to
comapny high-risk applicants.
Majra Yehak with Issurance, you have to choose first, you
want insurance on something.
After that the insurer calculates his risk, and only after
checking everything hack tells you
How much premium will you have to pay?
1. Policy
An insurance policy is such a document that you have all the
details about it
It is written. Like you get insurance for something and not
for anything.
2. Premium Pay
Premium is called the amount that you pay once every month
or every year.
Because of your policy. This amount depends on the fact that
this insurance
is covering
3. Claim
If something untoward happens within the insurance period,
you or your nominee
Insurance can be claimed. In this, you have to give full
details of your heart
The insurance company checks and if your claim is everywhere
Gets its claimed amount as it was before.
Types of Insurance
By the way, from the pot of insurance, but here we will
discuss some important topics.
- Life
Insurance
As the name suggests, your life is insured in life
insurance. You life
Insurance so that your family is not dependent on anyone, even
if you are not.
And itself is financially secured.
Life insurance becomes very important for those people when
you are alone in your family
There are earners and the whole family depends on you.
- Health
Insurance
Health insurance is taken to cover the costs of medical
treatments. Even
There are many health insurance policies that can help
different diseases and ailments.
covers
You can also take a generic health insurance policy or any
specific policy for a disease. This includes premium pay for all car treatment,
Covers hospitalization and medication costs.
- Car
Insurance
By the same, you can insured your car with Car Insurance. If
any event is to happen
Then you get compensation for it.
- Education
Insurance
In this insurance you are depositing money for your
education right and that is the right time
Upon arrival, you get an amount for your child's education.
- Home Insurance
If you have made your home, then you should buy home
insurance through it
If there is any damage to your house whether it is fire, a
natural disaster or something else,
You get your compensation in everything.
Does taking isurance also result in tax benefits?
Except taking insurance and other financial safety, security
benefits. By this your tax
The benefits are also known.
1. You can claim up to ₹ 1.5 lakh
for Life insurance premium on the basis of a taxsaving deduction under section
80C.
2. Medical insurance premium is also up to ₹ 25,000 for himself and for his family, he You can claim ₹ 25,000 for
your address as a tax-saving deduction under section 80D. You have to make these claims while filing e-filing income
tax returns.
How is Insurance Claim done?
Now let us know how you can claim your insurance amount.
- For this you must first make a claim against your insurance policy.
- Now you have to provide all the details about your loss that you have suffered. varies from insurance to insurance.
- Then you have to submit all the bills / proof for your damage, loss, hospitalisation, etc.
- Now your work is over, now the insurance company verify your claim Will do
- If that claim comes true, then you get your claimed amount According to your loss.
Act of insurance
Insurance is evolve at the cost of a process that causes
loss and uncertainty of people
Does. It is described on the basis of a social device.
Insurance promotes general economic growth in the society by
which the process of society
Can run correctly with stability. Insurance industries
develop such financial
Institutions which further help to reduce uncertainties and
risks.
- 1. Donate Safety and Security
Insurance donates financial support and along with it also
reduces uncertainties.
in business and human life. Every particular event against
safety and security donations
Does.
Since there is always a fear of sudden loss, insurance has a
big hand in reducing it.
- 2. Generates financial resources
Insurance generates funds, by collecting premium. Invest these
funds
Goes to government securities and stocks. These funds should
be given the industrial development of the country.
It is done so that the economic development of the country
can be done. That employment
Opportunities also boost.
- 3. Life insurance promotes savings
Insurance does not protect you only from risks and
uncertainties, it is a
The investment channel also donates. Life insurance enables
us systematic
On filling regular premiums to make savings. That life
insurance is an investment
Also donates the mode of
It creates a habit of saving money in us. What is the
lumpsum amount of premium
That is the end of the maturity amount we have in terms of
maturity.
encourages you to make savings.
– importance of insurance
- 4. Promotes economic growth:
Insurance generates significant impact on our economy, that
too domestic
Mobilize savings.
Insurance donates this accumulated capital as productive
investments.
Insurance enables loss to mitigate, financial stability and
trade.
Promotes, promotes trade and commerce activities with
donations
Donates to economic growth and development. Therefore,
insurance economy
An Ahambhumka plays an important role in sustainable
development.
- 5. Medical support:
Medical insurance is considered as important to manage the
risk of heath.
You can get sick any time any of us can worry. If you have
When there is medical insurance, it covers your big expenses
which can help you a lot.
It is in this way
- 6. To spread the risk:
Insurance helps to spread our risk. Jassevo donates large
losses to Serra
is.
- 7. Funds Collect has a great source:
Large funds can be easily collected by premium. Of these
funds
Can be achieved in development, which leads to economic
growth of the country.
Benefits of insurance
Anyway Insurance with any individual, family businessman,
businesses along with
The society also has a lot of arbitration. They should
discuss some of its important advantages
1. Insurance donates economic and financial protection,
insured or thing
The insurance, which is insured, is also called a nominal
amount of money premium.
She donates this financial protection to the nominee as if
insured prematured to death. In addition to this, it also covers the loss of
property such as property.
Loss due to theft, from an undocumented or any natural
disaster.
2. She reduces the risks of Yellow people, which otherwise
can cause big losses for them.
So it is not possible to completely remove the risks and
uncertainties but it can be reduced to a great extent.
Can. That's why the insurance company aims to earn your
risks.
Charges
3. Helps to maintain the standard of living of the people,
if any
unexpected loss then happens. She also protects us from
unfortunate financial crisis.
4. Since Insurance requires some premium pay, for which we
can save
Greetings donates. As such, saving becomes a habit of ours.
5. It relies on being dependent on others. As you live your
life
Makes and canes. This life insurance policy we donate full
financial support
If someone dies.
6. It also donates all help in getting loan. If you have a
policy going on, then you
Can take loan from insurance company on Aadhaar. Jasmese
policy from collateral
Is kept
7. Yeni donates new employment opportunities to all. This
modern era
Entrepreneurs and thousands of employees are engaged in this
line.
8. Promotes Foreign Trade. To promote international trade of
a country
Insurance companies have a big hand. From insurance to these
businesses
As the risks are reduced, so that they can do the export
activities they want for their businesses.
9. Insurance companies have a big hand in making businesses
operate smoothly.
Since this leads to loss of properties, it is the employees
of the insurance company.
By providing, the motivation of the employees is increased.
10. It helps in reducing inflation. Volume of money to
reduce inflation
Has to be reduced. By asking insurance companies to pay for
premiums from people
Help in reducing inflation.
11. Put these premium amounts from gallons in development
areas such as trade and industry
Is spent Which is the economic growth of the country.
Insurance losses
Regarding the disadvantages of insurance.
1. It does not compensate the losses of all the cars which
it insures.
With people, through insurance companies.
2. Donating to Financial Compensation takes time.
The legal formalities do not result in passing.
3. Although insurance encourages savings, but these
utilities do not provide facilities.
As provided by the bank.
4. They intentionally think of compensating the insurer to a
minimum so that their
profit can be maximized.
5. It also promotes crimes in society, mostly insured
beneficiaries policy
want to get amount
6. Kabar sometimes exceeds the total amount of premium,
maturity amount.
Insurance extent
Be it insurance, life insurance, health insurance or general
insurance,
You can buy these insurance policy offline or online. Like
offline You can buy insurance from insurance agents, similarly you
nowadays online Corn websites
Can buy from
The most helpful thing is that you should do thorough
research on your behalf.
Changing the insurance after the first time before making a
choice can cause you loss.
I hope you liked my article about insurance or what is it?
Will be I always try to give complete information about the
type of insurance to the readers.
There is no need to search for that article in any other
sites or internet.
This will also save your time and all the information will
also be included in one place. If
If there are any doubts in your mind about this article or
you want some improvement in it, then For this you can write below comments.
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