Insurance is a Contract between a Person who buy the insurance
and the Company who sold the Insurance policy. The Person who
buys the insurance known as the insured Person, and the company who sold this
policy to this insured person is known as Insurer. The Insured person pays a fixed
amount of money to Insurance company known as Premium, In the same contract Insurance
Company agrees to pay a predetermined sum of money in case of any unfortunate/unwanted
event.
So Insurance is basically to protect your financial loss which can occur on unexpected
event. This unexpected event varies from company to company.
For example, Health Insurance is a contract between an individual and the company
in which the Company agrees to pay a predetermined amount of money on various
coverage like treatments, tests for the insured person.
A factor which determines the premium for the Insurance is commonly known as Insurance
Rate.
There are many more terms related to Insurance which pays a great importance.
Sum Assured is the money to which insurance company gives
guarantee to pay it. It is guaranteed money that the insured person received.
Maturity Value is that amount, which is paid by the insurance
company when the policy or agreement matures. This amount is the addition of
Sum assured with bonuses.
The Important factor is the Factor of “Terms and Conditions”
which should not be avoided at any cost and on at any Insurance.
There are a types of Insurance depending upon the Insured thing to be insured.
Cosmo Insurance has Covered almost every types of Insurance.
CosmoInsurance.Com is also provides the Locations of Insurance providers on Map. So that you can easily locate your insurance providers from your location.
We are displaying this address information on Google Map with te help of Lat long , geocoding provided by google and varous sources.
Disclaimer::The contents of this site are for informational purposes only. Always seek the advice of a qualified person for any doubts.
The information provided hereis best to our knowledge. We are not responsible for any unforseen error.
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