Insurance – II

Type’s of Insurance

About “Term Insurance”

In term insurance policy only if the policyholder dies, the amount of compensation available. Otherwise, there is no benefit at maturity time. But Endowment, Ulip policy of tying to get the money back at maturity. The Term policy is not essential for individual income.

About “Reversionary Annuities” insurance3mmmmmmmmmmmmmmmmmmmm

A Conventional life insurance policies for certain years, for example, 20 years or 25 years to get coverage. Whole life, that is, policies that provide coverage to the policyholder’s until death is known as Whole Life Insurance Policy. To pay the premium for these policies to specific years, after that it doesn’t pay, then life coverage premium is given.

What is Householder Policy?

Rain, storm, flood, earthquake, terrorist attack, such as the insurance policy is a policy that provides for compensation brought by the house damage is called as Householder Policy. In addition, the high price of gold ornaments in the house, TV box, bridge, AC, etc., Take the insurance coverage.

What is Rider Policy?

Taking insurance policy is the main policy to take supplementary policy is a  Rider Policy. Consider the sub-underwritten wishes only. If you take the policy to take this supplement policy’s also. Then do not give him alone. For example, life insurance, accident cover will be taken to refer to the Rider Policy.

What is Endowment Policy?   

This is something of a life insurance policy. In the case of life insurance and Endowment Policy is available at Maturity. It means, something untoward happens to the policyholder during the policy period, the total sum assured and bonuses available. If the policy holder of lives taken until maturity, the total sum assured and bonus is given. 

Definition of “Travel Insurance”

One of the largest domestic and foreign tour insurance policy to cover losses caused by the outbreak is known as Travel Insurance. Medical expenses incurred during the journey, and the journey of this policy will help to offset losses caused by canceling the travel. The amount of coverage varies from one policy holder to another, depending on things like the policy holder’s age, travelling time, to which country. While booking a ticket at that time itself for travel insurance is getting better.

Definition of “Wedding Insurance”

The engagement is over, if the marriage is delayed or not happen then the loss compensate for the families to take in order to get the insurance policy referred to Wedding Insurance. Take this policy, according to the needs of about 2 lakh rupees.

Whole Life Insurance Policy 

A Conventional life insurance policies for certain years, for example, 20 years or 25 years to get coverage. Whole life, that is, policies that provide coverage to the policyholder’s until death is known as Whole Life Insurance Policy. To pay the premium for these policies to specific years, after that it doesn’t pay, then life coverage premium is given.

 

 

 

Updated: March 31, 2015 — 12:21 pm
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