Insurance Planning
The most obvious reason anyone purchases an insurance policy, is that they are taking the necessary precautions to insure that in the future their lives wont be severely troubled by the occurrence of an unforeseen event. Be it health and dental protection, life insurance or critical illness cover, by taking the necessary steps you are guaranteed a light at the end of the tunnel. The money you invest today will be available when you and your loved ones need it the most in the future.
It is always worth remembering that with the right policy you can prevent your family and loved ones from struggling financially. In the end no matter what your
financial situation or personal requirements, there is a plan that is perfect for your individual needs. So dont make the mistake of waiting until it is too late.Take the necessary precautions today and rest assured that no matter what coverage you require we have just the right solution for you along with the most competitive prices.
General Insurance
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Insurance other than Life Insurance falls under the category of General Insurance. General Insurance comprises of insurance of property against fire, burglary etc, personal insurance such as Accident and Health Insurance, and liability insurance which covers legal liabilities. There are also other covers such as Errors and Omissions insurance for professionals, credit insurance etc.
Who should buy general insurance?
Anyone who owns an asset can buy insurance to protect it against losses due to fire or theft and so on. Each one of us can insure our and our dependents health and well being through hospitalization and personal accident policies. To buy a policy the person should be the one who will bear financial losses if they occur. This is called insurable interest. Most general insurance policies are annual that is, they last for one year. Some policies are given for longer periods like fire insurance for residences and some for shorter periods like insurance for goods transportation or for emergency medical treatment during foreign travel.