Health insurance is an insurance policy that covers you against the expenditures of a medical or surgical procedure, the cost of medicines, doctor’s appointments, ambulance expenses, etc. The expenses covered by a health insurance plan can be a result of an accident or an illness. Health insurance offers features like cashless hospitalisation, cover against critical illnesses like cancer, kidney and heart issues, and more.
Life insurance is a tool that offers you cover for your life. Life insurance policies provide compensation to the nominee in case of loss of life of the insured person during the plan’s term. In order to claim this cover, a life insurance premium is paid to the company in a lump sum or throughout the tenure of the plan. There are several provisions (known as riders) under a life insurance plan that offer coverage against accidents, critical illnesses, etc. These can be purchased by paying an additional amount over the policy premium.
*Religare Broking Ltd having license number CA0581 is a Corporate agent with ICICI Prudential Life Insurance, HDFC Life Insurance & Future Generali Life Insurance.
General insurance plans are aimed at protecting people and their possessions from misfortunes and calamities such as theft, robbery, floods, fires, accidents, etc. Online general insurance plans offer coverage for your financial assets such as a home, car, and even your health. If your assets suffer a loss due to a contingency specified in the plan, the insurance company compensates you for this loss. There are many types of general insurance products available in the market, and the need for them can differ depending on several factors. All of this has been discussed below