What is insurance? What are its types

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I have heard many things in the mouths of people, take a house, take a plot, take an empty land, take gold for investment, there is no doubt that even today people speak all these things, but from now on there is only one word. It is said a lot that does not do anything, then take insurance for sure, now what is this insurance, today we will know about it. Hello friends, my name is Sumit Duhan and today we will talk about insurance, so let’s start.

what is insurance

Insurance means to protect against the coming danger, that is, insurance is a means to cover the risk of your life. Why should you get insurance, how does insurance work and how many types of insurance are there? It is also important to know all this so that you can choose the right insurance according to your need, so today we will know in this post all the information related to insurance.

Insurance Kya Hota Hai : बीमा क्या है, यह कितने तरह का होता है

First of all, know the full meaning of insurance in the right way, insurance is a legal agreement which is done between the parties. Insurance company and insurance provider. According to this agreement, when someone insures his insurance from the insurance company, then the insurance company does the entire loss in the coming time. After knowing what is insurance, now we know how insurance works.

How does insurance work

Under the insurance agreement, a fixed amount is taken from the insured person through the insurance company. After taking insurance, if there is any kind of loss to that person, then his loss is filled according to the insurance. Now it is also important to know that what are the types of insurance.

What is the type of insurance?

Insurance Kya Hota Hai : बीमा क्या है, यह कितने तरह का होता है

There are 2 types of insurance, Life Insurance, and General Insurance, but nowadays there have been many types of insurance, such as Travel Insurance, let us know about all these types of insurance, the first is

1.) Life Insurance

Insurance Kya Hota Hai : बीमा क्या है, यह कितने तरह का होता है

It is known from its name that this insurance insures life, that is, if the person who gets the insurance insured suddenly dies, then the company gives compensation to his family. Second comes General Insurance

2.) General Insurance

Insurance Kya Hota Hai : बीमा क्या है, यह कितने तरह का होता है

Home Insurance, Vehicle Insurance, Health Insurance, Animals Insurance are all included in this type of insurance.

  • Home Insurance

Talking about home insurance, many people also get their home insured, by doing this their house becomes safe.

  • Health Insurance

Insurance Kya Hota Hai : बीमा क्या है, यह कितने तरह का होता है

Now talking about insurance, nowadays health problems have increased a lot, so the cost of health has also increased a lot. In such a situation, if you take health insurance, then in case of any disease, health insurance gives you the cost of treatment.

  • Car Insurance

Insurance Kya Hota Hai : बीमा क्या है, यह कितने तरह का होता है

Now we talk about car insurance, it is very important to get car insurance in our country, under this the insurance company gives the damage caused to your car if your car has caused any injury or someone has died unintentionally. The cases are covered in the insurance of Third-Party Car Insurance.

Today you have come to know what is insurance, what are its benefits, if you like this information, then share it with your friends. Whether you have taken your insurance or not, tell us by commenting and what else you want to know about that too, tell us in the comment. Heartfelt thanks for giving so much of your valuable time.

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