Health insurance is one of the fastest growing industry. Health Insurance provides covarage of hospitalisation, pre- hospitalisation, and post-hospitalization. The expenses are either reimbursed to the individual or directly paid to the healthcare provider directly.

Importance of Health Insurance:

The hospitalization cost is very expensive especially in the private sector in this case buying a health insurance policy for yourself and your family is important. You can avoid these high expenses by just paying a small annual premium which would lessen your stress in case of medical emergencies.

Life Insurance is a contract between an insurance policy holder and an insurer or assurer, where the insurer promises to pay a designated beneficiary a sum of money in exchange for a premium, upon the death of an insured person. Depending on the contract, other events such as terminal illness or critical illness can also trigger payment. The policy holder typically pays a premium, either regularly or as one lump sum. Other expenses, such as funeral expenses, can also be included in the benefits. The purpose of life insurance is to provide financial protection to surviving dependents after the death of an insured.

Life policies are legal contracts and the terms of the contract describe the limitations of the insured events.