Insurance Policy - PowerPoint PPT Presentation

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Insurance Policy

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Life Insurance Companies offers the best life insurance policy in India. Check out various Life Insurance services and secure yourself with ease and convenience. Click to know more – PowerPoint PPT presentation

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Title: Insurance Policy


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Insurance Policy
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  • Insurance is the concept of paying a certain
    amount every month in anticipation of a future
    difficulty like illness, personal injury,
    accident or death. Insurance has become an
    absolute necessity these days. With so many
    insurance companies providing so many different
    kinds of Insurance Policies and plans, policies
    are becoming more affordable for all kinds of
    people. Some kinds of insurance are mandatory,
    while others are optional.
  • Insurance can be meant for anything life
    insurance, automobile insurance, health
    insurance, home insurance, property insurance,
    disability insurance, travel insurance, pet
    insurance, cycle insurance, recreational vehicle
    insurance, sports insurance and so on. There can
    be special policies like flood insurance, ski
    insurance, student's content insurance, long-term
    care insurance, flight, kidnap, extended warranty
    and others. In short, insurance can be purchased
    to cover any kind of a risk.

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  • Insurance policies are plans that are provided by
    an insurer to the insured. The policy is a legal
    agreement by which the insured agrees to pay a
    certain amount as a premium to the insurer and
    the insurer in turn promises to cover any costs
    that may have to be incurred in the future for
    the particular person or object that has been
    covered by the policy. An Insurance Policy states
    the kind of premium to be paid, the coverage
    provided, the limits of liability, the policy
    limits, benefits, deductibles, term of insurance
    and other factors.

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  • When you approach an insurance company to
    purchase an insurance policy, the company gives
    you a quote that contains all the aspects like
    premiums to be paid, the benefits and so on. When
    you agree to the terms and submit the
    application, the insurance company reviews
    whether you are eligible to receive the
    insurance, and then insures you if found
    eligible. When the situation occurs for which you
    have taken the policy, you can approach the
    insurance company and file a claim to be paid for
    the expenses you incurred because of that
    situation.

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  • Insurance can be purchased directly from the
    insurance company or through an insurance agent
    or broker. The main factors to be considered
    while purchasing insurance policies are does the
    policy cover all the risks, are there any limits
    to the policy, are there any hidden costs and
    would the company pay for the claims easily.
  • There are hundreds of insurance companies that
    are offering attractive deals on all kinds of
    insurance. You can contact an insurance agent for
    getting the right insurance policy. The internet
    is also a very good source for obtaining quotes,
    comparing various policies and deciding on the
    best one.
  • Article Source http//EzineArticles.com/200207

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