Why do we need insurance?
Insurance is a way of managing risks. When you buy insurance, you transfer the cost of a potential loss to the insurance company in exchange for a fee, known as the premium. Insurance companies invest the funds securely, so it can grow, and pay out when there’s a claim.
Insurance helps you:
Own a home, because mortgage lenders need to know your home is protected
Drive vehicles, because few people could afford the repairs, health care costs and legal expenses associated with collisions and injuries without coverage
Maintain your current standard of living if you become disabled or have a critical illness
Cover health care costs like prescription drugs, dental care, vision care and other health-related items
Provide for your family in the event of a death
Run a small business or family farm by managing the risks of ownership
Take vacations without worrying about flight cancellations or other potential issues
Take the time to review your policies and contact one of our helpful agents to answer your questions or get advice. A little knowledge can make a big difference when it comes to buying the right insurance protection for you and your family.
Life today is full of uncertainties; in this scenario Life Insurance ensures that your loved ones continue to enjoy a good quality of life against any unforeseen event. Life Insurance not only provides for financial support in the event of untimely death but also acts as a long term investment. You can meet your goals, be it your children’s education, their marriage, building your dream home or planning a relaxed retired life, according to your life stage and risk appetite. Traditional life insurance policies i.e. traditional endowment plans, offer in-built guarantees and defined maturity benefits through variety of product options such as Money Back, Guaranteed Cash Values, Guaranteed Maturity Values.
The major benefits you look for in general insurance is about motor insurance, health insurance and travel insurance.
Accident Insurance – takes care in an accident.
Home Insurance –takes care in robbery or damage.
Unemployment Insurance- takes care in unemployment.
Medical and Health insurance – take care of your medical bills.
Motor vehicle/ Auto insurance –takes care in an accidental repair.
Health insurance is a type of insurance that pays for medical expenses in exchange for premiums. The way it works is that you pay your monthly or annual premium and the insurance policy contracts healthcare providers and hospitals to provide benefits to its members at a discounted rate. This is how hospitals and healthcare providers get listed in your insurance provider booklet. They have agreed to provide you with healthcare at the specified cost. These costs include medical exams, drugs and treatments referred to as “covered services” in your insurance policy.