Insurance

Pollutions, food chemicals, gene defects, accidental injuries, all these are the threats we face in life. Be financially prepared for the increasing medical bills or our hard earn money will be drained for the hope to be in the best of health again. Insurance have a need to everyone now as part of financial planning. Need to know what kind of insurance suits you at various stages of life? Read further for the tips and various protection available in insurance services.

What is insurance?

Insurance is the transfer of risk by an individual, such as yourself, to the insurance company. You will thus be known as the policy owner. The insurance company receives payment in the form of premium and will compensate you in the event of losses or damages sustained by you.

Types of Medical Insurance

Hospitalization and surgical - This policy provides protection against hospitalization and surgical charges due to illness covered under the policy. Example : Medical Card

Life protection – This policy protects you and your loved ones by providing some financial security in times of hardship. The money from your policy will be paid to your loved ones when you pass away or to you should you suffer a total and permanent disability or loss. It’s your human life value.

Personal Accident - Personal Accident insurance or PA insurance is an annual policy which provides compensation in the event of injuries, disability or death caused solely by violent, accidental, external and visible events.

Critical Illness Protection – This policy gives a lump sum payment upon diagnosis of any 36critical illness. It is also an income replacement plan as patients tend to lost his stream of income upon diagnosis with critical illness in the moment of recuperation. Example of dread disease :

Check out the products available for each type of protection !!