What Type of Covers Can Help You Recover From A Natural Disaster? - PowerPoint PPT Presentation

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What Type of Covers Can Help You Recover From A Natural Disaster?


Check what type of insurance cover can help you in recovering from a natural disaster. – PowerPoint PPT presentation

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Title: What Type of Covers Can Help You Recover From A Natural Disaster?

What Type of Covers Can Help You Recover From A
Natural Disaster?
  • In May 2015, Nepal and India have struck by an
    earthquake that had an intensity of 7 to 7.5 on
    reactor scale. Thousands of people died and
    injured in Nepal and about hundreds dead and
    injured in Bihar, India.A lot of damage to the
    houses and property were reported.

  • Damages caused by such a natural calamity, can't
    be measured just in terms of money as many people
    lost their family members that was not recovered
    by any other means. Those people can be feeling
    slightly better off who were attentive enough to
    secure their financial future by having the
    adequate insurance covers.
  • Here are three types of insurance covers that can
    help you financially in natural disaster

Home Insurance Policy
  • Any natural disaster such as flood, storm and an
    earthquake, generally damages the property. The
    home insurance policy offer cover against these
    natural calamities, including fire,lightning,
    riots etc. Normally, people buy a basic home
    insurance policy to secure their house and
    business property against fire, burglary, theft
    and riots without having cover against an
    earthquake as it affects the insurance premium
    amount. Actually, the cover against an
    earthquake, is add-on that impacts the insurance
    premium depending upon place. In addition to buy
    a basic home insurance policy, you must choose a
    comprehensive house insurance policy that covers
    your house along with household articles,
    including jewellery, electrical items etc.
    against fire, lightning, earthquake, flood,
    storm, riots, strike, explosion burglary and

Personal Accident Insurance Policy
  • During or after a natural disaster, the chances
    of getting injured or disabled are quite high. On
    25 April 2015, 250 people injured in India
    because of an earthquake and around 77 hurt badly
    in the one that hit on 12 May 2015. A personal
    accident insurance provides financial support in
    case of an accident of the policy holder. if the
    insured meets with an accident and get
    permanently or temporarily disabled, then the
    insurance company pays lump sum compensation. If
    the policy holder dies, the compensation amount
    is typically 100 of the sum insured. If the
    policy holder gets permanent disables, the
    insurance company pays a certain part of the sum
    insured and for temporary disability, it pays a
    weekly compensation, if the insured doesn't
    engage in to his/her occupation due to partial
    disablement caused by an accident.

Basic Term Life Insurance Policy
  • It provides financial cover to your family in
    your absence (death). It provides wider coverage
    at a lower premium. But, it doesn't pay any
    return if the insured person completes the
    survival time.

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