Benefits of Each Type of Insurance
Insurance may not be able to compensate for all losses. Especially psychological But at least can help compensate some of the damage that has occurred Therefore would like to recommend the type and Benefits of each type of insurance That we should have To prevent the risk or Events that may occur in the future The types of insurance can be divided as follows.
1. Personal insurance
1.1 Life Insurance
Is a plan for the future In order to create a guarantee against life and property That provides protection and long-term stability A good life insurance policy Will be able to meet the needs of the insured the most, divided into 4 types as follows.
The term protection is the life protection for a certain period of time. In which the company will pay the beneficiary When the insured passes away within the specified period only.
Lifelong is life insurance for the inheritance of children. Which the company will pay according to the sum insured To the beneficiary In the event that the insured dies Regardless of death at any time
Savings Form Suitable for those who need life protection And save money in the long run With this type of insurance, payments or dividends are paid in installments throughout the contract period. The company will pay the insured in the event that the insured survives the specified period. Or paid to the beneficiary in the event the insured dies within the specified period
The fixed income plan (pension plan) is suitable for those who want to save money for retirement. In which the company will pay the insured in installments And start paying from the day the insured retires to the specified date (May be a period or life depending on the insurance policy).
1.2 Personal accident insurance
Nobody can guarantee that accidents will not happen to themselves. And of course, there will be expenses as follows: Accident insurance is therefore an insurance coverage for the insured in the event that the insured suffers an accident. Bodily injury, disability or death Insurance companies will bear the burden of expenses incurred from the insured's medical treatment. Or pay compensation in the event the insured is disabled or dies.
1.3 Health insurance
Health insurance is as important as saving money to look after yourself in the event of illness. To help with the cost of medical care But health insurance must be done at the time of being in good health because if having one of the diseases Insurance companies may not accept insurance or do, but do not cover existing diseases. Including if getting insurance at an older age The insurance premium will also increase with age.
Health insurance Should provide protection in many areas such as medical expenses caused by disease and accidents Covers serious illnesses such as cancer, arteriosclerosis, heart disease or brain disease etc. and should have daily compensation In the case of having to be hospitalized Which will be compensated according to the number of days hospitalized.
2. Non-Life Insurance
Is any insurance Non-life insurance The insurer agrees to pay compensation. Or reimburse a certain amount of money In the event of damage to the insured property In which the insured agrees to pay the insurance premium to the insurer Which can be divided into 4 types which are
2.1 Fire insurance
Is an insurance against objects that are property Which may be movable property Or real estate Able to get all fire insurance
2.2 car insurance
Is insurance for damage caused by using cars, such as damage to the body and property of third parties Including those traveling in the car, for example, this type of insurance Will cover both damage and damage to the car Including car attachments And responsibility to third parties as well The coverage can be divided as follows
Type one car insurance: will be able to claim the company to compensate Including damage to the insured vehicle And damage that is caused to outsiders The insured must be legally responsible to the third party for the actual damage but not more than the sum insured.
Type two car insurance: cover third party responsibility Includes additional protection against theft, robbery, theft or embezzlement of the said car.
Type three car insurance: Coverage only for third party responsibility means that the company has to pay compensation. Only damage that is caused to outsiders Due to an accident resulting from a used car on the way Or things loaded Or things installed in that car during the insurance period Which the insured must be legally responsible to third parties According to the actual damage but not more than the sum insured The damage to the car of the insured is not covered.
2.3 Marine and transportation insurance
Is the insurance against damage to ships and property or goods that are in the process of ocean shipping And including air and land transportation that continues from the sea
2.4 Miscellaneous insurance
To protect against damage caused by an accident Or caused by an unexpected event Which is beyond coverage From fire insurance Marine and transportation insurance Car insurance There are many kinds. Coupled with having complex rules and conditions Should be studied the details of the essence of this type of insurance to understand before doing.
see also finance and business knowledge
