Life insurance is a contract signed between an individual and a life insurance company. The individual pays a certain premium at fixed intervals. In contrast, the insurance company pays the beneficiaries the insured amount on the occurrence of the insured event like death/disability or defined benefit of the product on maturity.
With rising healthcare costs, it is likely that one will have to go through an expensive medical procedure at least once in their lifetime. As a result, purchasing health insurance is a practical way to mitigate expensive medical bills.Health Insurance features include coverage of hospitalisation expenses,Pre & Post hospitalisation expense and the...