Insurance
Insurance shields insurer and his family against consequences of any unforeseen situation.
There are two types of Insurances policies namely Life Insurance & Health Insurance.
Life Insurance
Life Insurance is a contract between the insured and the insurer where the insurer promises to pay a designated nominee a certain sum of money upon the demise of the insured person. Based on the type of contract other events such as critical illness or terminal illness may also entail to payment.
Below are the general types of Life Insurance policies
- Term Insurance policy
- Whole Life policy
- Endowment policy
- Money back policy
- Unit Linked Insurance Plans (ULIP’s)
- Annuities and pension
Health Insurance
Health Insurance provides for medical expenditures of the insured person in case of hospitalisation caused due to illness or accident and in return pay a defined amount called premium. Health insurance covers healthcare needed by individual or family for surgeries, medical care, consultation fee, diagnostic tests, hospital accommodation etc. Change in modern life patterns has exposed to increased risk of medical emergencies and exorbitant medical expenses. Health insurance has become important so that individuals or family do not get compromised on good medical treatment.
Some of the common Health insurance policies are
- Individual health insurance
- Family Floater
- Senior Citizen Health Insurance
- International Travel Insurance.
At SAMIN Financial Services Pvt Ltd we help you to identify right health policy after thoroughly studying risk profile of insurer and his family.
