NBC Nidhi Ltd
International Bank Global Opportunity
Life insurance
Life Insurance can be defined as a contract between an insurance policy holder and an insurance company, where the insurer promises to pay a sum of money in exchange for a premium, upon the death of an insured person or after a set period.
Table of Contents:
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Life Cover Against Uncertainty.
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Financial Security.
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Tax Benefits.
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Long-Term Savings.
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Inclusions of Riders.
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Loan against Policy.
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Retirement Planning Options.
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Investment Tool.
General insurance
General insurance is an agreement between a policyholder and insurer wherein the insurance company protects your valuable assets from fire, theft, burglary, or any other unfortunate accident. Often, general insurance is confused with life insurance.
Different types of general insurance include motor insurance, health insurance, travel insurance, and home insurance. A general insurance policy pays for the losses that are incurred by the insured during the period of the policy.