Important term of insurance
hi welcome to my Channel please like comment and subscribe here I will not tell you about important terms of insurance compensations from the insurance provider when there is verified two in the policy occurs in our life insurance policy the insured is the head of the family or the family members who has economic value in health insurance the insurance can be anyone such as employees children's wives parents and so on thus where there is a risk covered by the policy by covered in the policy in insured will get compensation for example when the head of the family who is injured in the life insurance policy ties the life insurance some assert will be given by the insurance provider to the beneficiary who has been appointed in the policy the insurance is not the same as the policyholders an injured in is not necessarily a policy holders for example as the head of the family you buy a health insurance then you are called opposite holders and the insurance the children and wife's view ensure are also referred to as the insurance for the next insurance benefits Insurance per events means the
protection of time by the insurance insurance insured insurance and provide by the insurance company for example a health insurance provides benefits for medical care Goods outpatience goods and surgical benefits that means where the insured politic and requirement treatment the insurance provider will provide a reimbursement for medical caricus and the next material that is clear claim is a claim submit by the policy holder to the industry company as they Ensure as the insurance company as a issue insurer to fulfill the policy holder like as dead in the policy and easy example you have hold insurance that covers types disease benefits when one day you fall ill and have to be hospitalized because of typos then you can submit a benefit claim to the insurer provider the insurance will pay financial compensation in the form of hospitalization because and other goals according to the definition of benefits that in the insured policy usually have cheaper premium speakers they are complementary to the main insurance for example life insurance products are generally equipping with riders in the form of health insurance cortical illness insurance or river of Premium of Premium the next
premium Leaf premium holiday premium leave reverse to a quarter 10 period of time during which the policyholders is allowed to not to pay premiums or not paying premiums without losing the insurance benefit premium Leaf actually doesn't mean that to policyholders doesn't pay premium at all premium Leaf is possible in insurance that has investment feeders such as handling when the premium leave its run the insurer actually used the cash value that has been formed from the unit link investment to cover the premium course premium leave is possible if the cash value of a policy is sufficient to pay the premium costs so if the cash value that has been from is not sufficient to the pay to paid premium then the policy holder must return to pay the premium or to top up to up top up his investment so that insurance benefit and avoid Labs well Jesus important terms in insurance that you need to understand and can be acquired so you can better understand the insurance product that you will or have prices that is the terms of issues
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