Insurance plans are a kind of safety and security for every individual. Those who have Health insurance or Life insurance feel satisfied and the benefit of these plans is whenever any necessity comes the companies give compensation as hospitalization benefits for any accident or illness or as claim benefits in case of death.
Insurance and its benefits are now realized all over the World. Till today people were thinking that the premiums paid to Insurance plans all over the World are a total waste. The major population of the world is also not insured today. There are many kinds of insurance and most of which everyone should have. Earlier SARS, Ebola, and many other diseases had come but no one knew that the virtual disease can spread all over the world at this magnitude.
Coronavirus is a deadly disease when compared to all other diseases in 10 decades. Till now, Scientists are working hard to find a vaccination for this pandemic disease. But unfortunately, no one could find medicine. Each and every individual should have insurance as per his needs and the dependency of family members.
The most important insurance are :
Life Insurance :
- Term plans
- Endowment plans
- ULIP Plans
General Insurance :
- Health Insurance
- Vehicle Insurance
- Householder insurance
- Burglary insurance
- Fire Insurance
- shopkeeper Insurance
- Travel Insurance
- Business Insurance
- Professional Indemnity Insurance
- Marine Insurance
- Personal Accidents etc.,
How Insurance can save people from disease and accidents?
The benefits of Insurance cannot be experienced by those who have not bought. All kinds of accidents and death are covered in insurance plans. The proposer should sit with the Insurance Advisor and plan for his family, and future. Insurance should be on your priority list. All life insurance plans cover both normal and accident death in their policies.
Health Insurance plans cover hospitalization from Accidents or any kind of illness.
Apart from life-saving benefits. Insurance plans save tax under sections 80C and 80D of the Income Tax Act 1961.