What is the Insurance ?  What are its Benefits

Manisha Soti

Insurance understood before what is the risk should be understood

Risk is any physical property or man life’s may possibility harmful.

Natural disaster or cause of other approachable possibility risk harmful.

May be harmful in the future are risk. Insurance that may hand over is a rule.

But, having the risk guarantee anything do insurance, against of insurance theory. So insurance is one an important tools to reduce the risk.

Insurance it has defensive and limitation rule. Insurance not thing to saying purchase. Insurance is a contract through risk defensive rule.

Insurance company and risk defensive wanted insurer between the contract insurance insurers security for one important contracts is insurance.

Insurer own life, Property or may liability risk economic presser, insurer to handover is insurance. Human society risk and disasters may be thrust various possibility.

Which disaster, risk now, today, evening, tomorrow any moment will may harm. Property, things, saying whole of creation risks handover related all of the process and process of rule is guided insurance.

Indefinitely rise the risk handover and to receive compensation being a appropriate medium worldwide increased insurance popularity. Access of insurance five years ago was very less, Today those insurance above reached over the 27% in the country.

Indefinitely risk, incident persons or as institutional risk definitely paid of insurance fee having the circumstance along with to receive compensation terms under with contract insurance project will purchase.

Insurance necessary to bilateral agreement also. Agreement with the insurance company and between the insurant of agreement as a contract.

Insurance will remain certain period, those periodic insurance fulfilled compensation through the company. Insurance starting initially insurance company. Its starts from insurance form or personal health details.

Those of forms insurer received from insurance company. These forms insurer person, own self, agents or straight insurant should be submitted.

As insurer filled proposal approve or disapprove depend on insurant. If insurer proposal approved after paid of insurance fee will starts risk carry will begins.

Insurance related terms, belongs to all facility document insurance company insurer’s insurance approvable will provide. Its call underwriter, Insurance are two types.

Life insurance and nonlife insurance.

Life insurance related man’s life. its focus on against the risk those insurance calls life insurance. Life insurance provide premium minimize the disaster economically and security.

Man’s physically will not sure. Life of man in condition of death man’s will not give rebirth. but, person who will death, whose family depend on with him, insurance company provide economic security living time based of him saving amount and based of which person insurance amount provide the compensation, to insurer’s family’s future make sure.

Life insurances is important part of saving. In the future it may being valuable, insurance provide major contribution in life time. Being the youth saving make the easy life after aged useful for life likes herbal. Along with other, education for own child will be very useful.

Along with, economically make good condition will got respective as helper of insurance, along with may got honor personality life insurance make us very easy life.

According to theory of the life insurance after finished the limited bound of time, totally in amount, with additional bonus include its human’s life made the meaning full successor and play significant role.

Life insurance makes economic security, encourage to investment and saving opportunity, Along with capital building, Now, according to Nepal customary law annually 25 thousand taxable income tax will be concession provision of conform by insurance policy. So, Life insurance compulsory saving and wellbeing for own excellent idea.

Types of Insurance :

In the life insurance, Real life time insurance, periodical life insurance, petition life insurance, Annuity (pension) life Insurance, Single insurance.

Besides the petition life insurance policy, those are saving type of insurances. Petition life insurance are only risk mitigation insurance.

Nonlife insurance :

Nonlife insurance being a limited periodical agreement letter. It including the insurance company and between the personally can agreement. Those of agreement tells contract.

Doing the contract definitely periodical insurance acting property’s or person’s physically death or disable. Actually insurance how much lose, being a part of position company paid up compensation.

Nonlife insurance property lost, liability and liberty for contract, nonlife insurance concern with property and liability also comprehension that also touched the humanity part in any way. Beside the life insurance, Related under moveable and immoveable property.