Basics of insurance

What is insurance? the answer is, insurance is an amount of compensation that you get once you lose that property which you have been insured. The property can be your life, your wealth, health, house, car or any kind of property you own or your family own. 

What are the things that you will get and how to get an insurance policy? The answer is simple, you need to understand that your property that you think worth more and is in any kind of threat, just like natural disasters, earth quack, or any other human being nearby you or may be unknown. You can also get your business insured by companies, so that in case of fire in your godawn or 

What you need to do? you can buy an insurance premium, that is also called policy, you will buy a policy and then you will see that what is that policy coverage, remember, there are almost hundreds of insurance companies in every area of cities. But not all of them are giving full coverage of your insured property. So, need to read all the terms and conditions carefully before you sign a contract. 

There are several conditions to buy policy, in some companies, you pay on monthly basis and some companies get their premium on annually basis, some companies gives good return upon maturity of policy, but they have some restrictions that you can not withdraw your amount paid within some limited time. Just like child insurance policy, when your child grow up and enter in his/her 18, companies give full maturity of policy and you can give that amount for the education of child

or to buy home or whatever you want to do with that money or just handed over to the child to build his own career.

So, in that means, insurance policy is a good thing that you are giving in installment and getting in full when it matured. These are some highlights that I wanted to share with you, so that you would be able to understand what is insurance policy and how to get it with nearest insurance company to cover your need.