7 Benefits of Insurance | Benefits of Health insurance | Health insurance benefits
Friends, in this article today you are going to know about insurance, in this article you will know what is insurance, what are the benefits of insurance, what are the types of insurance, what is health insurance, benefits of health insurance, cheapest What is health insurance, what are health insurance companies, LIC's health insurance plan, what is term insurance, why should term insurance be done, etc. I am going to answer all these questions in this article, so read this article Must read completely.
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Benefits of health insurance
“Benefits of health insurance” Friends, there are many benefits of taking health insurance which are written in the rules.
After taking health insurance, medical expenses related to future accident, illness or treatment of critical illness can be avoided.
After taking health insurance, you remain free from the tension of future medical expenses, due to which you get peace of mind.
People who have health insurance cover do not need to get treated in government hospitals by bothering for hours in line, they can get treated in private hospitals of their choice, whose medical expenses are covered by the insurance company.
If a person with health insurance has a serious illness, for the treatment of which a lot of money is going to be spent, which is not possible to be met by that person, then health insurance proves to be very effective.
What is health insurance?
Health insurance is a facility provided by insurance companies to provide financial coverage to you and your family against medical expenses after an illness or critical illness, minor injury, accident, etc. “Benefits of Health Insurance”
Due to this facility, the financial worries of the insured person are over as the insurance company provides the facility of financial coverage for the medical expenses of the insured person or his family. “Benefits of Health Insurance”
Cheapest health insurance
Friends, if I talk about the cheapest health insurance, then in today's time, there are hundreds of such health insurance in our country India, which we and you can get done. After the corona epidemic, there has been a lot of increase in health insurance products.
Also, the competition has increased among the health insurance companies, in such a situation it has become a bit difficult to choose the best and cheapest health insurance, but let me tell you that
In whatever health insurance you take, see whether the purpose for which you are taking health insurance is being fulfilled by the insurance company and after looking at the plan of the insurance company, you can choose the plan of the insurance company according to you.
What is life insurance?
Life insurance is a contract between the insured and the company under which the insurance company provides financial coverage in return for a monthly fee charged by the individual.
If the life assured dies, the insurance company pays a lump sum amount to the nominee of the life assured as per pre-decided terms and conditions. “Benefits of Health Insurance”
National health insurance Details
National Health Insurance is one of the oldest insurance companies in India. National Health Insurance Company was established in 1906. This company is run by the Central Government of India.
Although many private companies in India provide health insurance facilities, but National Health Insurance is a government health insurance company of India which provides better health insurance facilities to the people.
The biggest advantage of National Health Insurance is that the insured person can take advantage of the insurance done by him throughout his lifetime. This insurance company has a network of more than 6000 hospitals, which is renewable throughout life.
Term insurance
Term insurance is a contract between the insured and the company under which the insurance company provides economic coverage in return for a monthly fee charged by the individual.
If the life assured dies, the insurance company pays a lump sum amount to the family or nominee of the life assured as per pre-decided terms and conditions.
What is term insurance?
Term insurance is a contract between the insured and the company under which the insurance company provides economic coverage in return for a monthly fee charged by the individual.
If the life assured dies, the insurance company pays a lump sum amount to the family or nominee of the life assured as per pre-decided terms and conditions. “Benefits of Health Insurance”
what is insurance ? Insurance details
Insurance is a means of compensating for the possible loss in the future. Through insurance, the loss in the future can be compensated financially.
We do not know what will happen to us tomorrow i.e. in the future, so we get insurance to compensate for future losses so that we can get financial help.
You can understand insurance in such a way that if a person suffers a loss after getting insured, then the insurance company compensates that loss financially.
If an insurance company insures a person's house, vehicle, smartphone, etc., then in case of damage to that person's house, vehicle, smartphone, etc., it gives compensation to that person as per the condition fixed earlier.
Insurance is actually a contract between an insured person and a company, under which the insurance company takes a certain amount from that person and compensates that person in case of loss as per the pre-decided condition.
Benefits of insurance
After taking insurance, the insurance company pays compensation as per the condition already in order to compensate for the loss in future.
Insurance helps financially to compensate for the loss caused to the insured person or company.
After getting insurance, your home, vehicle, smartphone etc. remain financially secure.
After getting insurance, your deposit capital is saved because in case of loss, the insurance company compensates your loss. “Benefits of Health Insurance”
After getting insurance, your deposit capital is saved because in case of loss, the insurance company compensates your loss. “Benefits of Health Insurance”
Through insurance, you can fulfill your long-term goals. There are some such insurances, through which you can get a large amount of money in the future by depositing a little money in the present.
Tax exemption is available after insurance. The premium paid in any insurance policy is exempted up to 1.5 lakhs annually under Section 80C.
After getting insurance, you get peace of mind because after getting insurance, there is no worry about future financial losses.
what are the types of insurance
Insurance is generally of two types.
Life Insurance
General insurance
Life Insurance:
Life insurance is the insurance of a person's life, under insurance, in case of accidental death of the insured person, compensation is given to the family members dependent on that person as per the pre-determined condition.
General insurance:
Under general insurance, home, crop, vehicle, smartphone, health insurance, etc. come under insurance. Under this insurance, in case of loss of house, crop, vehicle, etc., the insurance company gives compensation as per the pre-decided condition.
Under health insurance, if the health of the insured person or family deteriorates, the insurance company compensates for the financial loss incurred in the treatment.
Types of Life Insurance Policy
Life insurance policy is generally of 6 types.
Term life insurance
whole life insurance
Endowment policy
Money back policy
Unit Linked Life Insurance (ULIP)
Annuity Insurance Plan
Term life insurance:
Under term life insurance, the terms and conditions by the insurance company and if the insured person dies within a pre-decided period, then the insurance company pays a large amount as compensation to the person nominated by the insured person. Gives money.
Whole life insurance:
Under whole life insurance, the whole life of the insured person is covered. In case of death of the insured person in whole life insurance, the insurance company gives compensation according to the pre-decided condition. “Benefits of Health Insurance”
Endowment policy:
Endowment policy is similar to term life insurance. The difference in endowment policy is that it provides additional benefit on maturity. Under this policy, the death of the policy holder does not happen within a certain time.
So he gets an assured amount along with additional benefits on maturity and if the policy holder dies then that amount goes to the nominee of the policy holder.
Money back policy:
Under the money back policy, a certain amount is given to the policy holder from time to time by the insurance company and after the end of the time period, the remaining amount is given as maturity.
Unit Linked Life Insurance (ULIP):
Unit linked life insurance provides protection as well as investment opportunity. Under this insurance, the amount paid by you is invested in equity and debt funds as per your choice.
Annuity (Annual) Insurance Plan:
Under this policy, the amount invested is kept as an asset which is given to the policy holder in the form of annuity at one go. “Benefits of Health Insurance”
Related Questions.
Q: Why is insurance necessary?
Answer: Insurance is very important for financial security.
Q: How many types of insurance are there?
Answer: Following are the types of insurance.
health insurance
home insurance
travel insurance
life insurance
Automobile Insurance etc.
Q: What is double insurance?
Answer: When a person insures himself and his property with more than one company, it is called double insurance.
