WHAT IS INSURANCE ? इंशोरेंस क्या है

 WHAT IS INSURANCE ? इंशोरेंस क्या है




“Insurance”

WHAT IS INSURANCE ? इंशोरेंस क्या है : -Today in my starting journey as a blogger I am going to share you something about Insurance because insurance is the most important and essential part of one’s life. Everybody have to be insured himself / herself, their loved ones and also their property, businesses etc.

What is Insurance ?

Insurance can be defined as management of risk. In the layman’s language you can understand insurance as a compensation of loss in terms of money in which the person who buys insurance had to pay some premium to the insurance company in exchange of transfers the cost of potential loss, when after you book the loss by miss-happening or something went wrong with you / your family/ your car/ your business/ your health etc., for getting this compensation the person who bought the insurance have to file a claim towards his insurance to the insurance company.






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Insurance allows individuals, families, businesses and other entities such as companies, shops etc., to fight with emergency situation and to protect themselves against significant potential losses and financial hardship at the time when needed most at a reasonably affordable rate when you can afford it by giving a small premium amount. Insurance covers your future from the risk of monetary crisis when you met with an emergency situation; After all, money plays a very important role in outcome of the thirst of an emergency situation.

Insurance is a very good & appropriate repellent when you met with a situation which no one wants to face neither you, at that time insurance help to protect against the significant monetary loss.

Take health insurance as an example. If you are the only member who is earning for the family in your home, the loss of income that your family would experience as a result of some serious health issue found with you is considered as significant loss and hardship for your family, so that you should protect your family against that kind of situation. It would be very difficult for your family to replace your income, so the monthly premiums ensure that if you fall ill, your Expenses will be replaced by the insured amount. The same principle applies to many other forms of insurance. For example:




1- Car Insurance.

2- Travel Insurance.

3- Home Insurance.

4- Public Liability Insurance.

5- Professional Indemnity Insurance.

6- Health Insurance etc.

* This is advisable to all to cover himself/ herself, family, business etc. by insurance. And make your life risk free.

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Dhanyavaad aapka din shubh ho…..

Rizwan Ansari

One thought on “WHAT IS INSURANCE ? इंशोरेंस क्या है

  • 04/03/2016 at 11:30 PM
    Permalink

    good one keep writing ….

    Reply

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