ECONOMICS
INSURANCE
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
health
|
|
|
disability
|
|
|
long term care
|
|
|
homeowners
|
|
|
automobile
|
Detailed explanation-1: -Health insurance is a type of insurance that covers medical expenses that arise due to an illness. These expenses could be related to hospitalisation costs, cost of medicines or doctor consultation fees.
Detailed explanation-2: -Health insurance encompasses two types-Indemnity Plans and Definite Benefit Plans. The indemnity plans are traditional health covers that cover hospitalization costs from the sum assured. Definite benefit plans offer lump-sum payments on the detection of illness. For those who are suffering from critical diseases.
Detailed explanation-3: -Then we examine in greater detail the three most important types of insurance: property, liability, and life.
Detailed explanation-4: -Individual Health Insurance. Family Floater Health Insurance. Group Health Insurance. Senior Citizens Health Insurance. Maternity Health Insurance. Critical Illness Insurance. Top-Up Health Insurance. 30-Jan-2023
Detailed explanation-5: -Health Care Coverage. Automobile Insurance. Homeowners’ Insurance. Insurance against fire. Insurance for Travel.