Insurance Principles

What is Insurance?

Insurance is a contract between an individual and an insurance company where the individual pays a premium in exchange for financial protection against potential losses or damages.

Risk Pooling

Many people contribute small amounts (premiums) to create a pool of funds that covers the losses of the few who experience covered events.

Indemnification

The insurance company compensates the insured for actual financial losses suffered, up to the policy limits.

Insurable Interest

You must have a financial interest in the insured item or person to purchase insurance coverage.

Utmost Good Faith

Both parties must disclose all relevant information honestly when entering into the insurance contract.

Subrogation

After paying a claim, the insurance company may pursue recovery from the responsible third party.

Proximate Cause

The loss must be caused by a peril covered by the policy, and the chain of events leading to the loss must be unbroken.

Types of Insurance We Cover

Life Insurance

Provides financial protection for your family in case of your untimely death. Includes term life, whole life, and universal life insurance.

  • Term Life Insurance
  • Whole Life Insurance
  • Universal Life Insurance

Health Insurance

Covers medical expenses for hospitalization, doctor visits, and other health-related costs. Helps manage healthcare costs and provides peace of mind.

  • Individual Health Insurance
  • Family Health Insurance
  • Critical Illness Coverage

Need Help with Insurance?

Let us guide you through the complex world of insurance to find the right coverage for your needs.

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