What is the difference between term insurance and health insurance | STC53

• One is term insurance, the second is health insurance, and the third is motor insurance.
• If we are admitted to the hospital for more than 24 hours due to any accident, all the expenses we need there will be paid by the company’s insurance system.

• This is also paid only when our policy is active.
• We should be paying an annual or monthly premium.
• Only then is the policy active. We can take health insurance for ourselves and also for the entire family.
• If we take family floater health insurance, if anything happens to anyone in the family and they are admitted to the hospital for more than 24 hours, the insurance companies will bear the entire cost.
• However, each of these people must definitely take a health insurance policy.
• Because we are currently working, we are healthy, and we are doing very well. But what about the future? Anything can happen. If something happens by accident, we may not have much money, so having health insurance is very useful for you.

• The policy that we take on ourselves for a term is called a term insurance policy.
• If we die for any reason, the insurance companies will provide the coverage amount to our family.
• These term insurances were brought so that our family should not have any problems due to financial problems if we die.
• There are many term insurance companies among the companies that you have now. From them, you can select a good company and take a policy. You should pay the premium monthly as soon as possible.
• However, there are many companies in these companies. Which company should be selected among these companies? How to know which company is good?
• For each company, We need to know whether the company is good or not based on the claim ratio. Out of that, we should select only the company that has settled 98% of the claims out of 100. That is, if 100 people make insurance claims at the same time, we should select only the company that settles claims for 98 out of those 100 people.
• We should also look at another point, which company has the most cashless hospitals. We should also note that.

• Every parent who thinks about the future of their children should also take this town insurance.
• I am not married yet. I am engaged. Why do I need term insurance? Try to take insurance as soon as possible at a young age. By taking term insurance quickly, you will have to pay only the same insurance money at a low premium until the end. So, you can get a good one as soon as possible. Select a term insurance policy, select the premium and pay monthly.
• If you are engaged, the premium will be low or if you want to take term insurance after 30 to 35 years, you will have only 10,000 premium when you are engaged, then after you are older, you will have to pay a premium of 15,000 to 20,000, so you should take insurance as soon as possible.
• When we take insurance, we should clearly explain all the details about the insurance to the family after taking it, because if something happens to us in the future, it is very important for the family to understand this insurance so that they can claim it, so we should take insurance in advance and immediately explain everything to the family. Who should we contact to make an insurance claim? How to get insurance completely
• These insurances include motor insurance, car insurance, truck insurance, and so on. If something happens to us by accident and we are admitted to the hospital and are injured, we do not have to pay all the future premium money that we have to pay. We need to pay all this to the company or insurance company.
• Even when you take health insurance, before you take health insurance, you should take good health insurance for your family. How should we claim this? If you have an accident and are admitted to the hospital for 24 hours, the insurance company will bear all the expenses that are required for it.
• There are many types of good insurance companies among insurance companies that exist now. Select a good company and take insurance immediately.
• If you take a one crore insurance for your family for a tenure of 60 years, you will have to pay 10000 per month, and that too if you take it early, if you take it before the age of 25, you will have to pay only a lower premium.
• Otherwise, if you take a premium or insurance or term insurance after 30 to 35 years,

What should be the insurance tenure?

• That is, for how many years should the coverage be taken?
• The main purpose of term insurance is to prevent the family from struggling financially if the family depends on their income.
• We earn until we retire up to 60 years.
• Also, our family depends on us, but after that, our children will get jobs, so by then the family will no longer depend on us. Insurance tenure is sufficient for those aged 60 to 62.
• What kind of company should be selected for insurance?
• Before taking any insurance, the first thing you need to know about the company is the claim settlement ratio.
• That is, how many people claim in the insurance? You should know that the settlement has been made.
• That is, in the case of claim settlement, it means that the company has made insurance settlements for 98 people out of 100 people, so choose only the company with a high claim settlement ratio.o
• Another thing is that the sooner we take term insurance, the more important it is, the sooner we take term insurance, the less the premium we have to pay.
• For example, if your age is 25 years, if you take term insurance for one crore rupees to have coverage till 60 years, you will have to pay Rs 10,000 every year, and even till the end, you will have only that 10,000 as PLC.
• If your age is 30 to 35 years, then when you take coverage, you will have to pay Rs 15,000 annually. Therefore, by taking it early, you will pay the same premium till the end as you were paying at the age of 25.
• The sooner you get insurance, the better

Check all these points before taking insurance

• Tax benefits are also provided by taking insurance along with security
• Under Section 80cr tax deduction, you can get a tax deduction up to the features
• Another important thing is that the riders in term insurance are also very important. These are optional. These give coverage for some types of risks, but for these, you have to pay some extra amount.
• There are also some types of riders, let’s see what they are no.