Rules for Insurance Coverage
Wednesday, April 9th, 2008Insurance is essentially a contract between the insurer and policy owner. Insurer agrees to pay an amount to the person insured or his nominee at any unfortunate event (according to the policy) or at the date or maturity or at death of the policy owner. Policy owner has to pay a fixed amount called premium in periodic intervals (monthly, quarterly, half yearly or yearly). Premium amount varies depends on many factors like age of the policy owner, scheme, type of the policy, sum assured etc.
The various types of insurances are:
Car Insurance
If you use an automobile for your business activities - for example, transporting supplies or products, visiting customers, or ferrying employees or customers - you need to make certain your automobile insurance will protect you from accidents that occur while on business. Car insurance takes care of all this.
Health & Disability Insurance
Health insurance is needed to cover the medical costs if you fall ill or hurt yourself a (more...)
