Group health insurance is a type of medical insurance policy for employees or members of a company or organization. A group health insurance plan typically provides health insurance coverage to its members at a lower cost since the risk to health insurers is spread across the members of the group health plan
Group term life insurance is a type of term insurance in which one contract is issued to cover multiple people. The most common group is a company, where the contract is issued to the employer who then offers coverage as a benefit to employees.
Personal accident insurance is a type of insurance that offers personal protection and benefit in the form of compensation for death, disability, and medical treatment expenses due to accidents
Annuities are contracts issued and distributed (or sold) by financial institutions where the funds are invested with the goal of paying out a fixed income stream later on. They are mainly used for retirement purposes and help individuals address the risk of outliving their savings. Upon annuitization, the holding institution will issue a stream of payments at a later point in time.
Individual life insurance is a policy that is paid by one person and covers a single person. It is distinguished from group life insurance, which covers employees of a company or members of an organization.
This insurance is intended to meet the financial needs of a surviving spouse or family members in the event of the insured’s death.
Motor Vehicle Insurance. The definition of motor vehicle insurance is coverage of loss or damage to motorized vehicles. In principle, the guarantee is against the damage to the motorized vehicle itself and legal responsibility to the other parties who were harmed when using the vehicle
This Policy indemnifies against the accidental physical loss or damage to the Property Insured described in the policy. It includes loss or damage due to fire, lightning, aircraft, explosion, earthquake, strike, riot, civil commotion, malicious damage, storm, tempest, flood, bursting and or overflowing of water tanks, pipes and apparatus (including sprinkler leakage), impact by own vehicles, theft or attempted theft (by violent and forcible entry to or exit from the premises) and accidental loss or damage
Cargo insurance is the method used in protecting shipments from physical damage or theft. In fact, insuring cargo ensures that the value of goods are protected against potential losses which may occur during air, sea or land transportation.
