Unplanned expenses are a bitter truth. Even while you assume that you are financially secure, an unexpected expenditure can appreciably bog down this security. Depending on the volume of the emergency, such times may additionally leave you debt-ridden.

While you can’t plan in advance for contingencies springing up from such incidents, insurance policies provide a semblance of help to minimize economic legal responsibility from unexpected occurrences. This article will help you get a better grasp of Insurance and its various types.

Insurance is a means of protection from economic loss. It is a form of danger management, primarily used to hedge against the threat of a contingent or uncertain loss. An entity that offers insurance is known as an insurer, an insurance company, an insurance provider, or an underwriter. An individual or entity who buys insurance is referred to as an insured or as a policyholder.

There is a wide range of insurance policies, each aimed toward safeguarding certain aspects of your health or assets.

Some of the main insurances are

  • Life Insurance
    Life Insurance refers to a policy wherein the policy-holder can have economic freedom for their family members after their demise. 
  • Health insurance
    Health insurance refers to a form of general insurance, which offers monetary help to policy-holders while they are admitted to hospitals for treatment. 
  • Property Insurance
    Through Property Insurance, any building or immovable structure can be insured via property insurance plans. This may be both your house or industrial space. 
  • Motor Insurance
    Motor insurance refers to policies that provide economic assistance in the event of accidents related to your vehicle.

Know more about different insurance policies here
To know more about the various NRI Insurances NRI Insurance Policies

If you’re an NRI trying to buy term insurance in India and want to get a better understanding of it, click here

If you’re looking for insurance companies and do not know which one to select, we would like to recommend Insurance Suraksha-#link

Insurance Suraksha is a trusted Insurance company that helps and guides its customers through the best insurance policies. When it comes to choosing the right insurance plan, you are spoiled with choices as they offer various insurance policies. 

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