TYPE OF INSURANCE

“Death ends a life, not a relationship.”
― Mitch Albom, 

TYPE OF INSURANCE

Generally there are four basic life insurance products and its packaging done by insurance company is as follows:

1. Life Insurance

2.General Insurance

3.Takaful Insurance

Most people don't understand about it,

Let's start with Life Insurance.

Generally there are four basic life insurance product and it's packaging done by insurance company and the agent. as follow;

1. Whole Life
2. Endowment
3. Term
4. Investment Link 

 

Other are Riders to be attached with the policy

        a. Accident

        b. Payer benefit

        c. Hospital and Surgical

        d. Critical illness

        e. Lady's special

        f. Children care

        g. And Many Others 

It's very important to understand before you get one. Each individual needs are not the same. When you get a policy it must be on your needs not your friend, brother, sister or father. you need to wear your shoes according to your size not other's size.

Remember You are a professional only in your field not in insurance.

Most of the writers in magazines have given the best tips on insurance if you can really follow but in reality how many can? They are not wrong if you are able to follow.

Most of them have never made a claim everything is on paper they  are not on the ground making claims. This is where most of the mistake made.

About the author :Kertar Singh has joint Great Eastern Life Assurance in August 1995 as a part time agent.

Became a full time agent in 2000 after retiring from the army after 22 years.

I deal with all kind of Insurance from Life Insurances to General Insurances and Will Writing.

Kertar.en@gmail.com

H.P 013-322 8582 

Notes: Reference have been made from MII and Gela