Insurance Policies- Life and Non-Life Insurance

Insurance Policies- Life and Non-Life Insurance

For the longest time, Insurance has been that elephant in the room that we know exists but don't necessarily understand why it does you will need to know and understand its manual in order for you to appreciate its functions and benefits.

There are so many insurance policies available and it can be quite cumbersome when it comes to deciding which one to get and why. As we are on our journey of diving into our Insurance manual, I am certain that each and every question lingering in our minds shall be answered and clarifications settled.

So, insurance is categorized into two classes : Life Insurance and Non-Life insurance.

1.???? Life Insurance

Just like the name itself, life Insurance covers your life. This type of insurance cover guarantees to pay a sum of money to one or more named beneficiaries when (the insured) person dies in exchange for premiums you pay during your lifetime. Simply put, it provides financial protection to your beneficiaries such as your spouse, children, etc. in an unforeseen event. Life is unpredictable, but fortunately enough, you can still be able to protect and provide for your family even in death.

Available life policies include:

  • Medical insurance;
  • Group Life Assurance;
  • Group Funeral Expenses;
  • Credit Life Insurance;
  • Individual Life Insurance;
  • Travel Insurance and so on.

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Get life insurance before life gets you down.

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2.???? Non Life Insurance

Non-life Insurance offers protection over the things we love/our assets such as cars, houses and businesses from loss or damage caused by fire, accidents, natural disasters etc.. Should anything unfortunate happen, insurance will cover the loss, making the pinch bearable for you!

Some available policies include:

  • All risks policy
  • Professional indemnity policy
  • Electronic Equipment policy
  • Machinery breakdown policy
  • Motor policy
  • House Owners policy
  • Goods in transit policy
  • Agriculture Insurance
  • Livestock insurance and so on.

At least be sure about your insurance because the future is not.

When it comes to life and the things it offers, don't just say you care, prove it as well, with insurance.

Watch out for our next couple of articles as we dive into each policy available.

Insurance made easy with Insizwe Private Brokers

Done By Anne Chileshe, Assistant Broker.

"Exploring the intricacies of insurance with Anne Chileshe offers valuable insights! As Warren Buffett wisely said, 'Risk comes from not knowing what you're doing.' Equip yourself with knowledge to navigate your options with confidence. ??? #KnowledgeIsPower #InsuranceInsights"

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