What Is Insurance, What Are Its Advantages And Disadvantages

Insurance Kya Hai Hindi Today Insurance has become necessary for everyone because today there have been so many diseases (insurance in hindi meaning) and no one’s health is good and there is only one earner in a family and if something happens to him, it will be very much. There is a problem, so today insurance is necessary for everyone and there are many types of insurance, along with life insurance, today the company gives insurance for everything like Life Insurance, Medical Or Health Insurance, Auto Insurance, Home Insurance, Crop Insurance etc.

what is insurance in hindi

Many such types of insurance are done by the company and today there are many companies which do all types of insurance and the agents of all these companies do insurance. Many times if you have seen that their agents also insist on getting you insured It is your advantage that you get insurance done. You have that advantage, but before taking any insurance, you should know about it well, its advantages and disadvantages should be known, so today in this article we will tell you what is insurance. And how many types are there, which insurance should you get and What are its advantages and disadvantages Insurance ?

1. What is insurance? (What is insurance?)

If we say in simple language, insurance means that a company guarantees compensation to you or your family on account of your loss, accident or death. Insurance means insurance simply means compensating for any of your losses. Like if you have got your life insurance done and an accident happens to you. So the life insurance company compensates you for your loss, in which you are given some payment in case of death due to disability or in case of a simple accident. which depends on your insurance policy

Nowadays everything has started getting insurance. And there is a different policy for each and every thing, in which it is told that how much compensation will be given to you in case of loss. All this is told according to the policy. If you want to check different insurance and plans of its company. So you can see the insurance plan of any company on policybazar.com. And can also compare them with other company

Types Of Insurance

There are many types of insurance. And everyone’s plans and policies are different. The meaning of all types of insurance is not the same; some or the other condition is different in them. Whom you have to follow. Here we are telling you about some insurance

Life Insurance Scheme

Life Insurance Scheme Hindi: – We also call it life insurance in English. Whoever gets this policy done, on his death, his family or the nominee he has chosen is given according to the payment rule of his claim, according to his policy, people get this type of policy done for their family only . meaning) So that if something happens, their family gets some payment so that they can spend their life comfortably. There are many types of life insurance like;

  • Term life insurance
  • Whole life insurance
  • Universal life insurance
  • Variable life insurance
  • Variable universal life insurance
  • Simplified issue life insurance
  • Guaranteed issue life insurance
  • Final expense insurance
  • Group life insurance
  • The bottom line

Medical Or Health Insurance Scheme

Medical Or Health Insurance Scheme Hindi In this type of insurance plan, a limited payment is deposited and if that person gets any disease, then all his expenses, medicine expenses, operation expenses, all those expenses are given by the insurance company, this policy is very important. Because the health of any person gets worse every year, so in this type of policy, the company also pays for regular checkup every year. And if you have a health insurance policy, then you can avoid your medical expenses. is |

1. Individual Health Insurance Plan
Individual health insurance plan is a type of health insurance that covers the health expenses of the insured person. These policies pay for the surgical and hospitalization expenses of an insured person till the cover limit is met. The premium for an individual plan is decided on the basis of the medical history and age of the person buying the plan. insurance meaning in hindi

2. Family Floater Health Insurance Plan
If a person wants to buy health insurance for his entire family (spouse, children and parents) in a single plan, he can go for a family floater policy. should be taken Any member of the family covered under the policy can make a claim in case of hospitalization and surgical expenses. Like an individual health insurance plan, a premium has to be paid for a family floater policy as well. The premium for a family floater policy is decided on the basis of the age of the eldest member covered under the policy. what is insurance in hindi

3. Group Health Cover
Group health insurance plans are purchased by an employer for its employees. The premium in group insurance is lower than that of an individual health insurance policy. Group health plans are usually standardized in nature and provide the same benefits to all employees.

4. Senior Citizen Health Insurance
In old age, health issues arise which involve costly treatments. To meet such high medical cost, insurance companies have designed special health insurance plans for senior citizens. These plans provide cover to anyone aged 65 years and above. Generally, the premium is higher in case of senior citizen health insurance plan as compared to other policies.

5. Critical Illness Health Cover
Critical illness policy covers the expenses involved in the treatment of life threatening diseases like a tumour, permanent paralysis etc. These policies usually pay a lump sum amount to the insured for the diagnosis of critical illnesses covered in the policy document. Unlike other policies, individual health insurance and family floater policy, hospitalization is not required, only the diagnosis of the disease is sufficient to claim the benefit.

6. Super Top-Up Policy
Super top-up plans provide an additional coverage over the regular policy which can help in increasing the sum assured. Super Top-up policy can be used only when the sum assured of one’s regular policy is exhausted.

Auto Insurance Scheme

Auto Insurance Scheme Hindi Today, almost everyone will get a motorcycle or some other resource, which is very important to have a policy, if your car has an accident or your car is stolen, then at that time the insurance company will give you its Claims are given to repair the vehicle and to meet the expenses of accidents. Insurance scheme 3rd party is also done for some vehicles. In which drivers or pedestrians can claim insurance. This insurance is very important. Because we buy a car after earning money by doing so much hard work and if an accident happens, then you need separate money to fix it and if you have got your car insured, then you can take that money from the insurance company. what is insurance in hindi

  • Liability Coverage
  • Uninsured And Underinsured Motorist Coverage
  • Comprehesive Coverage
  • Collision Coverage
  • Medical Payments Coverage
  • Personal Injury Protection

Home Insurance

Home Insurance Hindi   In home insurance, a policy is made according to the building of your house and your belongings, in which the insurance company gives you a claim in case of damage to both the house and the goods or any kind of accident, in which there is a fire in the house or something else. The company gives you a claim in case of accident or theft of goods or any kind of accident

  • Standard Fire and Special Perils Policy
  • Home Structure/Building Insurance
  • Public Liability Coverage
  • Personal Accident
  • Burglary & Theft
  • Contents Insurance
  • Tenants’ Insurance
  • Landlords’ insurance

Travel Insurance

Travel Insurance Hindi  If you do most of the traveling. Most of the people go on a tour with their family, so it is very important to get travel insurance, if you go on a trip gets canceled or an accident happens during the time of travel, then the insurance company will give you money for your loss. Gives

  • Domestic travel insurance plan
  • International travel insurance
  • Medical travel insurance
  • Group travel insurance
  • Senior citizen travel insurance
  • Single and multi-trip travel insurance

Crop Insurance

Crop Insurance Hindi  This insurance is specially made for the farmers and it should be done by the farmers on every crop because the weather is never reliable. If you get insurance for your crop, then you can do farming without any worry if there is an objection to your crop. If there is no rain or if your crop gets damaged due to some reason, then the insurance company compensates for your loss.

Pet Insurance

Pet Insurance Hindi  You can get this insurance done for any animal of your house. Suppose if you keep a cow, then you can also get their insurance done. Suppose you keep a dog. So you can get it insured too.. Apart from this political risk insurance is also done. Which is a type of insurance. And there is also a marriage insurance in which insurance is given for marriage and apart from this there are all types of direct insurance.

Benefits of Insurance 

  • You get any type of insurance done. So you have to give some payment company policy. So that in case of your loss, you can compensate for your loss from your policy.
  • With this you can get insurance for anything. If you believe that something of yours gets spoiled. so you can make up for it
  • If you die in an accident and your family does not have any source of income, then insurance helps a lot for this.
  • Suppose you use a bike or a vehicle. If he has an accident, then the traffic police compensates it completely, but there are two types of insurance in this. One is 3rd party insurance and the other is full party insurance 3rd party insurance 3rd party does not compensate for the damage caused by the wear and tear of your vehicle. If you use full party insurance, then the insurance company pays you the breakdown and full expenses of the vehicle.
  • There are many benefits of this type of insurance if you have a loss of anything. So you can take compensation from the company.
  • Policy loan income is tax free

Disadvantages of Insurance

  • The policy holder has to pay money at the end of the policy so that he can take advantage of that policy.
  • If you want to surrender the policy. So in that you get very little money from your deposited payment and you will get such rules regularly in their policy.
  • You will get the benefit of life insurance. Because there is no return payment in this and if you die then all this money is given to your family or your nominee.
  • Suppose you have got medical insurance done. You have to get this done every year. And if you are not at risk, then in that condition the policy company does not return your money without any claim.

By the way, getting insurance is a very good thing if you are not able to spend much money. So you can also get the insurance done, but if you use any vehicle or two-wheeler, then you must get the insurance done.

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