March 2021

Health Insurance

Submitted by frndzzz on Wed, 03/31/2021 - 22:52

What does health insurance mean? 

In simple words, health insurance means insurance against loss due to ill health. It is a type of insurance in which the insurance company pays the medical and surgical expenses as per the health insurance policy. This type of insurance covers the part or a whole of the risk of a person incurring medical expenses. The medical expenses could be related to the cost of medicines, hospitalization cost, or the consultation fees during visits.

Life Insurance

Submitted by frndzzz on Wed, 03/31/2021 - 22:12

What does life insurance mean?

In simple words, life insurance means Insurance paid to named beneficiaries when the insured person dies. It is a type of insurance that pays out money when the insured person dies or the money is paid to an insured person after a set period. Life insurance is one type of contract between the policyholder and the company which is offering life insurance where the insurer (insurance company) promises to pay a sum of money in exchange for a premium.


Submitted by frndzzz on Wed, 03/31/2021 - 21:53

What does insurance mean?

In simple words insurance means the promise of reimbursement in the case of loss; paid to people or the companies so concerned about the hazards that they have made prepayments to an insurance company. Compensation is paid for specified loss, illness, damage, or death in return for payment of a specified premium.