What Is Insurance? How Many Types Are There? Complete Information

What is insurance full information in English:- hello friends, in today's article, you will know that insurance kya hota hai? Insurance kitne types ka hota hai? Insurance ke benefits kya hote hai? Etc. In this article, we are going to tell you the complete information about insurance in English, so definitely read this article from beginning to end.

What is insurance? What is insurance in english?

Insurance means protection from future danger. If we understand in simple terms, then insurance is a service that covers the losses that we face in future, and with our property, they cover them.

An insurance is a legal agreement between an insured person and an insuring company. According to this agreement, the person taking the insurance has to pay a fixed amount or some money every month or every year to the insurance company, in return for any future life or financial loss to the insurance person, the insurance the company does.

For example, suppose you have a small family that consists of you, your wife and your children. You have got your insurance done, and in the event of your accidental death, the insurance company covers your family, that is, they give them money, which gives financial support to your family.

In the same way, if you have got your house or car insured, and if they suffer any loss, then the insurance company gives you compensation. Although it also has some conditions, the loss is compensated on the basis of them.

How much does the insurance company pay? It depends on your policy, the larger your policy, the more cover you will get. There is an application for calculating insurance, through which you can know how much cover you will get by taking a large policy. You can download that app now by clicking on the download button below.

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What is the type of insurance? Types of insurance

There are mainly only 2 types of insurance.

1. Life insurance

This insurance covers our life. If we get an accidental death after getting this insurance, then our family gets a cover according to the policy. Due to which they get a lot of support. If your family runs only on your income, then you must get this insurance, because there is no trust in life, if you get life insurance, then even after you the insurance company financially supports your family.

2. Genral insurance

There are many types of insurance in it. Let's talk about them in turn.

1. Health insurance

If you become ill after taking this insurance, then whatever is the cost on your illness, the insurance company bears according to your policy, it also has certain conditions. For example, if you are sick, you only have to get treatment in the same hospital, which is connected to that policy.

Nowadays, many types of health insurance exist, such as getting the whole family insured together, etc. So by insuring your entire family, you can reduce the expenses on health, because there is no trust of diseases, it happens to us or someone in our family. In such a situation, if you have taken this policy, then you will not have to spend a single penny from your pocket on diseases.

2. Home insurance

The home is insured in this insurance, if any damage is caused to your house after the insurance is done, the insurance company compensates it, in this insurance the house is damaged by natural disasters like fire, earthquake, flood, etc. The company compensates for that when it happens. Also, the insurance company compensates even if there is damage to the house due to theft, riots etc.

3. Car insurance

In this insurance, vehicles like cars, bikes are insured, after insuring that any damage to your car is done by the insurance company. Apart from this, if your vehicle causes some damage to another person, then the insurance company also compensates it as third party insurance.

4. Travel insurance

This insurance is done at travel time. For example, if you are going to travel to another country, and if your goods are stolen or any other damage is done in that country, then the insurance company compensates for it. The validity of this insurance is only till the completion of the journey. That is, your insurance will also end as soon as the trip to that country ends.

Nowadays, even when booking tickets for taxi, bus, train, flight etc., we get an option to do travel insurance, where we can get our insurance during the journey at a very low price.

5. Crop insurance

This insurance is mainly for the farmers, in which the farmers insure their crops, if their crop gets spoiled due to any reason, the insurance company gives compensation to the farmer, if the farmer has taken a loan for the crops from a bank. The so that too is paid by the insurance company.

6. Bussiness liability insurance

It is taken for insurance businesses, so that if any loss occurs due to their service or any product, it is compensated by the insurance company itself.

The conclusion

If the entire financial responsibility of your home is on your shoulders, then you must get your insurance done so that god does not do it, but if something happens to you, your family can get financial support in your non-attendance.

So friends this much, in the next article, we will meet once again, till then for bye, and if you got this information insurance kya hota hai? Insurance kitne types ka hota hai? If you likes it, then definitely share it with your friend too thnks.