Insurance is a contract between an Individual or a group of individuals and an insurance company. The person who takes insurance is called ‘Insured’ and the person who insures is called ‘Insurer’. The insured agrees to pay a premium to the insurer in exchange for compensation in case of loss of property, illness, death or damage. The premium that is paid assures the insured that he or she is financially protected. There are different types of insurance – Car, Life, Health, travel Insurance.

Insurance is way of covering risks in daily life. You buy insurance means you are transferring risk cover of a future financial damages to the insurance company in exchange for a money. Insurer invest the premium collected securely, so that it will grow year by year and pay you there’s a claims to insurance company. Insurance helps you in following ways.: • Drive car or bike or any vehicle, only few people could afford the repairs, hospital care expense and legal expenses associated with accident or collisions and injuries without insurance policy. Car or bike insurance is also a legal requirement in India. • Maintain current living standards, if you become disable or have a illness, insurance covers day-to-day expenses and other expenses like your outstanding liabilities while your health and recovery. • Take care of health care expenses Drugs, dental care, vision care and other related items. • Take care for your family in the event of death, life insurance for long-term needs that covers your family’s home, liability lifestyle and the cost of children education • Take vacations while you are vacation without worrying flight cancellations or emergency medical expenses

An insurance policy is a contract agreement, whereby an policy holder gets financial protection or gets insured against any losses of property or other assets from an insurance company.

Insurance quotes is basically an estimate of what you are willing to pay as a premium to get that insurance policy. This quote can change or be negotiated by both the insurer and the insured person. The value they agree to become the ultimate premium of the policy.

Life Insurance – Life Insurance plans pay a certain amount of money (lump sum or part) to the insured person as per the plan term or to his or her beneficiary in the in case of death of the insured. Term Plans, Income Replacement, Child Plans, Retirement Plans, Tax Saving Plans, Money-Back Plans, Monthly Income Plans, Unit Link Policy; Short Term Guarantee Plans, Systematic Investment Plans etc..– Health Insurance – Health insurance gives coverage for the insured’s medical or hospital expenses. This assures you that you and your family will have enough money to pay for expenses if ever you get ill and are hospitalized. Types of Plans: Individual Health Plans; Family Health Plans; Senior Citizen Health Plans; Critical Illness Plans; Preventive Health Plans, Mediclaim Plans etc. Motor Insurance – Motor Insurance provides financial loss to you and your vehicle. In case of an accident involving your motor. The Insurance company pays for the repairs; damages to a third party etc It covers theft or loss of the car, depending upon the policy type. Types of Plans: Car Insurance, Bike Insurance, and Commercial Vehicle Insurance. General Insurance – General Insurance will protect your movable and immovable assets and investments. It could be your house, your office, your godown, your jewellery etc. Types of General Insurance: Travel Insurance, Home Insurance, Personal Liability, Property Insurance etc.