Insurance provides protection in case something unfavourable happens to you. This can be related to medical emergencies, vehicle theft, property damange and even death. It is a written contract between the insurance company and policy holder. Through this legal contract, the policy holder gets privileges in case of such emergency. As per this agreement, insurer agrees to cover any financial loss for the policy holder. The insurer provides funds based on the loss or risk that is accidental or above the control of the insured. While buying insurance policy, you must be aware of certain things. These include insurance types, insurance coverage, terms and conditions, premium payment schedule, etc.
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