All about Insurance

Insurance is an agreement between a person and an insurance company to provide protection against financial loss.

How Insurance Works

1. A person buys an insurance policy.
2. The person pays regular premiums.
3. If an accident, damage, illness, or loss occurs, the insurance company helps cover the expenses according to the policy terms.

Types of Insurance

1. Health Insurance

Covers medical expenses, hospital bills, and treatments.

2. Life Insurance

Provides financial support to the family after the policyholder’s death.