Insuring the future of your loved ones
Insurance is a means of protection from financial loss. It is a form of risk management primarily used to hedge against the risk of a contingent, uncertain loss. The amount of money to be charged for a certain amount of insurance coverage is called the premium.
- General Insurance comprises of insurance of property against fire, burglary etc., personal insurance such as Accident and Health Insurance, and liability insurance which covers legal liabilities.
- There are also other covers such as Errors and Omissions insurance for professionals, credit insurance etc.
- Health insurance covers cost of an insured individual’s medical and surgical expenses.
- Subject to the terms of insurance coverage, either the insured pays costs out-of-pocket and is subsequently reimbursed or the insurance company reimburses costs directly.