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What are the Advantages of general insurance policy?


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2014-06-05 09:57:24
2014-06-05 09:57:24

An insurance policy gives you peace of mind. If you get sick, the insurance policy will help make sure you are able to pay your medical bills.


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There are many policies offered by General American Life Insurance. These include the Variable Life Insurance policy, the Condo Insurance policy and the Boat Insurance policy.

General liability insurance, or umbrella policy

"Some of the advantages of having a health insurance policy are that if one happens to get sick, they will be covered by their medical insurance. If one is not covered the costs for medical care can be detrimental."

The main objective of general insurance is to provide insurance coverage for non life products. This may vary from medical insurance to fire & burglary, marine insurance, shopkeepers policy, householders policy and so on.

there are two types of insurance 1. Life insurance 2. General insurance

The amount of coverage and the specifics of coverage will vary from policy to policy. In general liability insurance will cover damages to individuals or entities other than the insured individual. For example, in auto insurance liability insurance will provide for individuals injured in an accident excluding the policy holder.

Access General Insurance 866 747 6931

In India, LIC of India sells health policy viz., Jeevan Arogya. But technically, health insurance policy comes within the purview of general insurance. Star Health & Allied Insurance Co.Ltd. in the general insurance sectors sells only Health insurance polcies.

Term life insurance protects you for the term of the policy. You are not required to renew each term.

In general, the age of majority in your state will dictate when you are of legal age to buy a life insurance policy on your own. Again in general, you would need to be the same age to sell it.

A Professional liability insurance Policy, as well as a contractors General Liability Insurance policy will provide coverage for the cost of legal defense.

Advantages are easy,your premiums will be less.Allways read through any policy carefully.

Both life and general insurance policies are risk based. In the case of life insurance policy, the risk is human life based. In general insurance, the risk whether cash/kind varies as per specific nature of the policy.In fact insurance policy is a substitute against avertment of risk factor.

Insurance industry is boradly divided into two categories viz., life and general. While Life Insurance providers cover lives of individuals, general insurance covers vast items starting from medical insurance, fire & burglary, money transit, shop keepers' policy, householders' policy and so on.

Aggregate = per year, which generally is the policy period.

As a general rule, life insurance proceeds from any type of policy are not taxable to the beneficiary. In addition, any loans from cash value are not taxable unless the policy lapses.

It is a composite insurance policy(:

Since human needs vary, there is necessity for different types of insurance policies. While life insurance policies cater only policies related to individual life, general insurance has vast categories ranging from medical insurance, shopkeepers policy, householders policy, fire and burglary policy, marine policy, money transit policy and so on. Each policy cater to specific needs of the person or concern as the case may be.

An insured contractor is a contractor who carries a Commercial General Liability Insurance Policy.

The Policy Holder of a life insurance policy is the executor of the said policy.

That would be covered under Your Builders General Liabiity Insurance Policy,

call them and ask them to fax your insurance policy.

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