Definition of INSURANCE and INSURANCE POLICY Functions

Insurance is a product finance that helps people or business manage associated risks _ with events that don’t unexpected , like accident , loss , or damage . Moment somebody or business buy insurance , they pay premium to company insurance for get protection to specific risks . _ If occur insured event , company _ insurance will bear losses that occur and will replace associated costs _ with incident the in accordance with the conditions listed in the insurance policy .

There are various type available insurance , incl _ insurance life , insurance health , insurance car , insurance home , and insurance business . Every type insurance have aim and Different benefits , depending _ on need individual or business . Insurance can provide a sense of security and give Support financial for those who experience incident that didn’t predictable that can have impact negative on health , finance , or property them .

Why Insurance Very Urgent

Insurance urgent because could give protection financial to no risk _ predictable that can occur to people or business . Events that don’t expected like accident , loss , or damage could have significant impact _ on finance somebody or business , and could raises burden heavy finances . _ With buy insurance , someone or business could feel more safe and protected to possible risk _ happened in time front .

Insurance also could give benefit else , like give Support finance for family somebody if occur death or give Support finance for someone who is sick or injury and no could work During a number of time . Insurance also could help people or business manage associated risks _ with no changes _ unexpected , like change market or change in Policy government .

kindly whole , insurance could help people or business manage associated risks _ with events that don’t expected and provide a sense of security and Support financial for those who experience incident that didn’t unexpected .

What Is that an Insurance Policy ?

insurance policy is explanatory document _ right and obligations you have by company insurance and policy holder . insurance policy explain type insurance that has purchased , quantity must premium _ paid , the benefits that will be accepted if occur insured event , as well condition and applicable conditions _ for insurance the .

 

insurance policy also explain the process to be done if occur insured event , incl _ method submit claim and document what to _ included . insurance policy also explain type incident that didn’t covered by insurance , or incident that didn’t will borne by company insurance .

What Insurance Policy Function ?

Insurance policy function is for give clear information _ and complete about right and obligations you have by company insurance and policyholders , as well give information about the process to be done if occur insured event . _ insurance policy also useful as proof that somebody or business have insurance that can used as base for submit claim if occur insured event . _

Type Type Insurance

There are various type The available insurances are : _

  • Insurance life : Insurance soul is insurance that provides benefit financial to family or recipient benefit other if somebody die world . Insurance soul also could covers benefit other like Support financial for someone who is sick or injury and no could work During a number of time .
  • Insurance Health : Insurance health is insurance that provides benefit financial for somebody or family in need care medical . Insurance health could covers cost home care _ pain , cost drugs , and cost care other .
  • Insurance car : Insurance car is insurance that provides benefit financial for somebody or family that has car if occur accident or damage on car the . Insurance car also could covers benefit other like Support financial for someone who is injured in accident car .
  • Insurance home : Insurance House is insurance that provides benefit financial for somebody or family that has House if occur damage or lost on House the . Insurance House also could covers benefit other like Support financial for someone forced _ leave his house because fire or disaster nature .
  • Insurance business : Insurance business is insurance that provides benefit financial for business if occur accident , loss , or damage on business the . Insurance business could covers various type risk , like risk fire , risk accident , or risk loss income .
  • Insurance travel : Insurance journey is insurance that provides benefit financial for someone who is traveling if occur incident that didn’t expected like accident , illness , or lost luggage . Insurance journey also could covers benefit other like Support financial if occur cancellation journey or delay flight .

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