Insurance involves pooling funds from many insured entities to pay for losses (risk that can be quantified can potentially be insured) of the clients. So, it is a service which you bought after paying some amount of money which is known as premium and in return you will get a cover or protection which is known as sum assured. The amount of premium, premium term and sum assured is totally depends upon the insurance plans, age & income of insured. Insurance Regulatory and Development Authority (IRDA) performs major character to protect the interest of insurance policy holders. They encourage and ensure the systematic growth of the insurance industry and benefit of insured.

WHY INSURANCE?

The very first question which comes in the mind of every people is why they need insurance? The answer to this question is very basic and clear. The insurance is something which is mend to give you a cover or protection against any loss which may be life, theft, natural etc. As people are working hard for the future security of their families and start savings through bank deposits & investments. But they do not have any plans if something unwanted will happen in the future. Hence insurance plays the role to safeguard the future of families of insured by helping in achieving the required financial goals. As IRDA itself has its motto “Promoting Insurance, Protecting Insured” which loudly speak the importance of insurance.

HEALTH INSURANCE

Health insurance is designed to provide a health cover to the insured. Health Insurance covers all the medical expenses incurred during the health checkups, day care treatment, pregnancy, delivery, minor and major surgeries including ambulance. By estimating the overall health risk and health system expenses over the risk pool, an insurer can develop a routine finance structure, such as a monthly premium or payroll tax, to provide the money to pay for the health care benefits specified in the insurance agreement. A health card is issued by the Health Insurance Companies which can be used for cashless transactions in various premium hospitals.
BENEFITS OF HEALTH INSURANCE
Cashless Hospitals
Tax Benefits
Cover for Critical illness
Coverage for Life Long
TYPES OF HEALTH INSURANCE
Individual Health Insurance - provide cover on individual basis.
Family Floater Insurance - family members can be added in a same policy.
Critical illness Insurance - cover for life-threatening diseases.
Group Health Insurance - provided by company to its employees.
Senior Citizen Health Insurance - specially designed for people above 60.

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LIFE INSURANCE

Life insurance is designed to provide a life cover to the insured. It’s a contract between an insurance policy holder and an insurer, where the insurer promises to pay a designated beneficiary a sum of money in exchange for a premium, upon the death of an insured person. Life Insurance is categorized as Term Plan which gives you pure insurance cover & Traditional Plan which gives you income option besides insurance cover. Life insurance is a backup plan against any misfortune which supports the financial goals of your family.
BENEFITS OF LIFE INSURANCE
Coverage up to 100 age
Tax Benefits
Add-on benefits like accidental death
Financial support in case of disability
TYPES OF LIFE INSURANCE
Term Insurance - Provide higher cover in less premium.
Whole Life Insurance - A policy which covers you for life.
Endowment Insurance - Combination of savings and protection.
Moneyback Insurance - Help you to get money on regular intervals.
Unit Linked Insurance Plan – Offer dual benefits of Insurance and Investment.

GENERAL INSURANCE

General Insurance is designed to provide a cover for tangible assets to insured. In case of any mishappening the General Insurance bears the financial losses of insured. The different types of General Insurance are motor vehicle insurance, marine insurance, fire insurance, travel insurance, home insurance and other miscellaneous non-life insurance. At Secure Wealth we give our customers expertise advice which insurance product is best suited for their financial goals and security. Feel free to consult our insurance advisors for detailed product information.
BENEFITS OF GENERAL INSURANCE
Cashless garages
Liability Coverage
Coverage for fire & theft
TYPES OF GENERAL INSURANCE
Car Insurance - Protect your car against financial losses.
Travel Insurance - Provide cover for both international and domestic travel.
Shop Insurance - Cover shop contents and property.
Home Insurance - Gives cover to private residence.