Insurance, Insurance full details

Abhi Ki Khabare
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                 Insurance and there types and all details about that.

Insurance : A contact in which an individual or entity pays an insurance company in exchange for financial protection or reimbursement of losses resulting from a covered event.





Insurance Premium : The amount of money an individual or business pays for an insurance policy.

Life Insurance : A contract between an insurer and a policy owner that guarantees the insurer pays a sum of money to named beneficiaries when the insured dies.





Best health insurance company in 2024 : Kaiser Permanente : best health insurance
* Aetna : Best health insurance for young adults.
* Blue Cross Blue Shield : Best health insurance for the self employed
* United Healthcare : Best health insurance provider network.

What is a monthly health insurance ? : A monthly health insurance plans provide flexibility to those who may not be able to commit to an annual premium payment.

Different types of health insurance plans : 1. HMO 2. PPO
1. HMO : One of the most common health insurance options is a health maintenance organization.
2. PPO : Another common type of health plan is preferred provider organizations.
or other 2 name was EPO, POS.





Cost of Insurance : This is the actual cost of having insurance protection. it's based on your age, gender, health and death benefit amount. this fee is usually charged once a month.

How to Insurance calculated : All insurance company use data and statics to predict levels of risk for various individuals or groups.. this risk calculation information is also used to develop rating plans.

What are the 7 Principles of Insurance ? : 1. insurance interest 2. Utmost good faith 3. Proximate cause 4. Indemnity 5. Subrogation 6. Contributions 7. Loss of minimization.

What is 4 and 8 in Insurance ? : Gross investment returns are calculated at 4% to 8% growth rates as a mandate and are shown in separate columns alongside each other.

What is Double Insurance ? :  A double insurance is when you take out two insurance plans that cover the same risk. this insurance causes extra costs that can be avoided.

Which Insurance is Mandatory in India ? : It may leave the individuals involved in the accident in a position of distress and financial turmoil. the Government of India has made it mandatory to have third party car insurance.

What is B+ Insurance ?
: A companies that have a good ability to meet their insurance obligations.

What is 808 in Insurance ? : A policyholder divided deduction. for purpose of this part the term "policy holder divided" means any divided or similar distribution to policy holder in their capacity as such.

What is L10 Insurance ? : Four permanent options are available : L10 life time coverage with premium payments for 10 years. and L20 for 20 years.

Health Insurance parts in this pic : 

Here are some reasons why you should have a health insurance.






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