What is Insurance? What are the types of insurance?

 Hello friends, welcome to all of you very much, in today's new post, we will learn and know what is insurance and what are the types of insurance. If you too in future If you want to prepare a weapon to compensate for the damage caused, then this post is especially for you!


 What is Insurance? 

 Insurance is the only plan to deal with the possibility of any kind of loss in future, you can call it a type of weapon to compensate for future losses.

 We do not know what will happen tomorrow and what is going to happen. For this reason, through insurance policy, try to compensate the loss in future event.

 Similarly, if a house, vehicle, or smart phone is insured by the insurance company, then in case of damage, loss or damage of any kind, the insurance company will compensate its owner according to the conditions fixed. Is.

 What are the types of insurance?

 Insurance is generally of the following types:-

 (i) Life Insurance,

 (ii) General Insurance.

 (i) Life Insurance: - 

Under life insurance, life of a person is insured, if the person who buys insurance from the life insurance policy dies due to some reason, then the dependent of his family will be transferred to the insurance company. compensates from.


 Why is it necessary to have life insurance?

 If the head of someone's family dies untimely, then at that time that family has to face many kinds of difficulties along with a lot of sorrow, in such a situation, it becomes difficult for someone to run the household expenses. It is necessary to get insurance done, which is very helpful to deal with the financial crisis on behalf of the life insurance company. This is the reason why any person is given maximum number of suggestions to get life insurance first.

 (i) General Insurance :-

 General insurance includes health insurance, vehicle insurance, home insurance, crop insurance, etc.

 health insurance :-

 In today's time the cost of treatment is increasing very fast. By doing health insurance, the insurance policy gives the amount of treatment for the treatment of the sick person on behalf of the insurance policy company, the amount received for the treatment depends on the insurance policy.

 vehicle insurance :-

 According to the rules of the Government of India, it is mandatory to insure every vehicle moving on the road, if you drive a vehicle without insurance, then the traffic police can impose a fine on you if any vehicle is stolen or accident in any way. If there is any damage in it, the insurance company compensates for it, you get maximum benefit from the insurance when there is any kind of damage in the vehicle of the person riding on the vehicle during the road accident or the owner of the vehicle dies. At that time, the insurance company gets more benefit from the side.

 Home Insurance :-

 By insuring the house from the insurance company, the owner who buys a home insurance policy on behalf of the insurance company gets compensation from the side of financial crisis in the event of theft, fire or damage of any kind in the house.

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Crop Insurance :- 

 If the farmer insures his crop with the insurance policy company, then there is some kind of damage in the crop like:- fire, theft of the crop, the insurance policy company gives compensation to the farmer for his crop. .

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