SERVICES
INSURANCE SERVICES
Insurance is a way of managing risks. When you buy insurance, you transfer the cost of a potential loss to the insurance company in exchange for a fee, known as the premium. Insurance companies invest the funds securely, so they can grow, and payout when there’s a claim. The life and property of an individual are surrounded by the risk of death, disability, or destruction. These risks may result in financial losses. Insurance is a prudent way to transfer such risks to an insurance company.
There are different types of Insurance, but we undertake follow:
- Life Insurance
- Health Insurance
- General Insurance
- Auto or Vehicle Insurance
What is Insurance?
Insurance is defined as a contract, which is called a policy, in which an individual or organization receives financial protection and reimbursement of damages from the insurer or the insurance company. As part of the contract, the insurance company promises to make good the losses of the insured on happening of the insured contingency. The contingency is the event that causes a loss. It can be the death of the policyholder or damage/destruction of the property. There’s uncertainty regarding the happening of the event and therefore it is termed a contingency. The life insured pays a premium in return for the promise made by the insurer.
Insurance Enquiry