We'll share all sorts of insurance, so that you will be a little aware of the several types of insurance that exist .
In the insurance world , there are various types of insurance .Obviously with the workings and requirements are different .So here I will give information Types of Insurance for you, so you will know and understand more of each type of insurance .
Here she Various Kinds of Insurance You Need to Know
1. Business Insurance
Business insurance is insurance where the insurer insurance separately with the recipient .
The insurer has an agreement with the receiving party insurance in lieu of a fixed installment .
That is by way of an agreement with the majority of people who are often faced with things that are dangerous .
By agreement the insurance company will give them a certain amount of cash as compensation for each member affected by hazards that have been entered in the list that has been insured .
Between the donor and recipient insurance in this case , there is in one party .
If no number is more than the amount of premiums that have been paid to the insurer , the insurer so their owners , the insurance company to bear alone .
2. Collective Insurance
Collective insurance is commonly called as well as a reciprocal insurer or an insurance co-operative .A kind of insurance where the insurer with the insurance service recipient is in one hand as an insurance manager .
The way is to enter into an agreement with a number of people who used to facing dangerous things with commitment will give them some cash as a form of compensation for each member affected by hazards that have been entered into the list of insurance coverage .The donor and recipient insurance in this case is in one party .
If the amount of premiums paid to the insurance company at more than the amount that must be deposited, then the excess will be given to the recipients of the other insurance services .
And if it is less , they all will be required to cover it .They did not seek to gain advantage through business insurance , even sometimes to relieve losses in their nature, the cooperation will be played by the hand of its members .
3. Social Insurance
Sometimes it can also be a social insurance .That is usually done by the government with the aim to provide insurance for the future of its people .That is by cutting the salaries of the majority of employees and workers .And at the end of their service , they will be given a fixed monthly pension .
If he had an accident because of work , he was also given the cost of treatment in addition to adequate compensation .
Well , that's a little info Types of Insurance and the insight I can give , may be helpful know info on how to claim medical insurance here .