Insurance is a means of protecting individuals against financial losses in various situations (Forsikring) . For example, life insurance helps offset the loss of income in the event of the death of a parent who receives a salary. Health insurance helps pay for medical bills. The fire insurance covers all or part of the damage if the owner’s home is destroyed by fire. People can also take out insurance to cover unusual types of financial losses. Separate damage insurance. Individuals who wish to insure against certain types of damages undertake to pay the regular insurance companies, so-called insurance premiums. Instead, these individuals receive a contract, called a policy, from the company.
The amount of money paid by the insurer to the insured is called the claim. The insurer uses the premiums to invest in stocks, bonds, mortgages, government bonds, and other revenue-generating companies. The company pays premium benefits and capital gains benefits. The insurance job because insurers are willing to swap small premiums for loss – to ensure they get paid in case of major damages. Therefore, they can own the property, drive a car, run a business and do other activities without worrying about the financial opportunities available.
There are three main types of life insurance. Above all
companies sell insurance policies that combine these basic types of insurance (Nemi Forsikring) . The life insurance period only offers benefits if the insured dies within the term specified in the policy. Life insurance guarantees the life of the insured. Whole life insurance, like other life insurance, pays a face value in the event of the death of the insured. But donations are basically economic means. Policyholders often use donation policies to fund the education of their children.
Health insurance covers all or part of the costs of hospitalization, surgeries, laboratory tests, medications, and other medical services. The increase in the cost of medical care has led to an increase in health insurance. People without this coverage may be in serious financial difficulties in case of serious illness or accident. Private health insurance companies sell individual and group policies. Most individuals with individual health insurance are insured according to a group plan in which they work. Group plans may also include people dependent on the insured. Group health insurance is usually cheaper than individual insurance because administrative and other costs are lower.