What is Illness Insurance? Illness insurance, also known as critical illness insurance or health insurance, is a type of insurance designed to provide financial protection in the event of a serious illness or medical condition. Unlike regular health insurance, which generally covers medical expenses like doctor visits, surgeries, and prescriptions, illness insurance focuses on providing … Read more
What is Commercial Insurance? Commercial insurance, also known as business insurance, is a broad category of coverage designed to protect businesses against various risks, including property damage, liability, employee injuries, and business interruptions. It is tailored to meet the specific needs of businesses, whether small or large, and is essential for ensuring the long-term viability … Read more
What is Property Insurance? Property insurance is a type of insurance that provides financial protection against damage to or loss of property. This can include physical assets such as buildings, homes, commercial properties, or personal possessions. Property insurance typically covers events like fire, theft, vandalism, natural disasters, and other types of risks that can lead … Read more
What is a Money-Back Policy? A money-back policy is a type of life insurance policy that offers a combination of risk cover and investment. Unlike traditional life insurance policies, where the beneficiary receives the death benefit in case of the policyholder’s death, a money-back policy provides periodic payouts (known as “survival benefits”) during the policy … Read more
What is Group Health Insurance? Group health insurance is a type of health insurance plan that provides coverage to a group of people, typically employees of a company, members of an organization, or other groups of people with a common interest. Rather than purchasing individual policies, the entire group is covered under a single policy, … Read more
What is a Child Plan? A child plan is a type of life insurance policy designed to secure the future of your child by providing financial protection and funding for their education, marriage, or other important milestones. These plans are tailored to help parents save and invest for their child’s future while ensuring that the … Read more
What is Term Life Insurance? Term life insurance is a type of life insurance policy that provides coverage for a specific period or term (e.g., 10, 20, or 30 years). It offers a death benefit to the beneficiary if the policyholder dies during the term of the policy. Term life insurance is considered a pure … Read more
What is General Insurance? General insurance refers to any type of insurance that is not life insurance. It provides financial protection against losses or damages to assets like property, vehicles, health, and travel, or against liabilities arising from accidents, theft, natural disasters, and more. General insurance policies are typically short-term contracts, renewed annually or as … Read more
What is Motor Insurance? Motor insurance, also known as auto insurance or vehicle insurance, is a contract between the vehicle owner and the insurance company. It provides financial protection against losses or damages to the vehicle and covers liabilities arising from accidents, theft, or natural disasters. In most countries, having motor insurance is mandatory for … Read more
What is Travel Insurance? Travel insurance is a type of insurance policy designed to cover unexpected events and financial losses during domestic or international travel. It provides protection against various risks such as medical emergencies, trip cancellations, lost luggage, and other travel-related issues. Key Coverage Areas of Travel Insurance Medical Coverage Covers medical expenses incurred … Read more