2 Types of General Insurance

If you search on some sources, you may get to read and know about several types of general insurance. Believe it or not, you may need this someday and before something happens to you and your family, you have to choose which one is better for you based on your budget. However, the best protection is something related to yourself and your family.

2 Types of General Insurance

Choosing The Right Insurance for You and Family

There are some types of general and important insurance that you need in order to protect you and your family from unexpected things as the following:

  • Life protection

Just like the name, it will protect your life from something unpredicted. It will pay your loss to your family after you die because of something. Though you may think it is so rude, but life protection can be called as death protection. It means your family will get the amount of money you have collected so far from the beginning of the agreement with company. Sometimes, the one who gets this protection is the one who work for his or her family. If you die, then there will be no one who will work for them anymore. As the result, they will get compensation on behalf of your death and the family can use it for working or making business.

  • Health protection

If life protection will pay for the compensation after your family member die, then this health protection will pay for the medical bills. There are some systems in this thing. First, it is called as reimburse. If you are sick, you will go to doctors or hospital to get treated by them and you may get medicines. You will pay them with your own money and you may get receipt. You need to give the bills proof to the company and you may get back your money. Second, you can get treatments and medicine without making payment. You just show the protection card to the hospital that made cooperation with company.

 

Hope this information about general insurance will help you in protecting yourself and you family member from something bad.

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