Complete explanation to answer what is insurance company
What is insurance company? a lot of explanations regarding insurance firms on the web, if you examine a look it appears not a similar could also be caused from the angle of every who interpret it, but all the core or the intent of the exact explanation are all the same. If you want to know about what the insurance company just read the article below.
A. Explanation about the insurance company
What is insurance company? What is meant by insurance companies is an institution that provides various insurance policies to protect a person or his customers from various risks of loss by paying a premium on a regular basis, the insurance company works by bringing together the risk of a number of insurance policyholders.
B. Description of the insurance policy
What is an insurance policy? What is meant by an insurance policy is an insurance or insurance agreement that is consensual or there is agreement. This insurance policy must be made in writing in a deed between the parties to the agreement, and on the written deed is referred to as an insurance policy. So the insurance policy is a written proof of agreement between the insured (the customer) and the insurer (insurance company).
C. Here are some types of insurance
To answer your question about what is insurance company, here are some types of insurance should you know.
1. Life insurance
This insurance can provide financial benefits to the person appointed to the death of the insured (the customer). Companies that provide life insurance, will pay after the insured dies, while some insurance companies that can allow the insured party can claim funds before he dies.
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2. Health insurance
Health insurance is an insurance product intended specifically to deal with health problems that can be caused by the disease, and bear the treatment process to the insured. Usually this insurance to guard the insured party up-to-date the danger of injury, sickness, incapacity or death caused by associate accident. Health insurance can be purchased for yourself as well as for others or for family members.
3. Education insurance
Insurance education for example likes parents who insure education for their children, and the cost to be paid by the insured depends on the type of education you want to get later. And this insurance is a good solution for the future.
4. Vehicle insurance
Vehicle insurance is the most popular insurance today such as car insurance, vehicle insurance that is insurance against damage on vehicle of others caused by vehicle of insured party and this insurance also can pay for loss or damage of insured vehicle. And there are many other kinds or other types of insurance.
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That is the discussion or article about the understanding of what is insurance company, if indeed there is a lack of error in this paper please forgive and hopefully this discussion can provide benefits for you who have read it.