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Wednesday, September 27, 2017

Types of Insurance

Types of Insurance
types of insuranceको लागि तस्बिर परिणाम
Life Insurance
Life insurance is an insurance coverage that pays out a certain amount of money to the insured or their specified beneficiaries upon a certain event such as death of the individual who is insured. This protection is also offered in a Family takaful plan, a Shariah-based approach to protecting you and your family.

The coverage period for life insurance is usually more than a year. So this requires periodic premium payments, either monthly, quarterly or annually.

The risks that are covered by life insurance are:
Premature death
Income during retirement
The main products of life insurance include:
Whole life
Life annuity plan
Medical and health
General Insurance
General insurance is basically an insurance policy that protects you against losses and damages other than those covered by life insurance. For more comprehensive coverage, it is vital for you to know about the risks covered to ensure that you and your family are protected from unforeseen losses.

The coverage period for most general insurance policies and plans is usually one year, whereby premiums are normally paid on a one-time basis.

The risks that are covered by general insurance are:
Property loss, for example, stolen car or burnt house

Liability arising from damage caused by yourself to a third party
Accidental death or injury
The main products of general insurance includes:
Motor insurance
Fire/ House owners/ Householders insurance
Personal accident insurance
Medical and health insurance
Travel insurance


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  2. Very nice post, wonderful information About Health Insurance. Thanks for sharing us! health insurance companies - personal accident insurance in Pakistan


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