Personal Accidental Insurance:
Personal accident insurance offers compensation in case of death or bodily injury to the insured person, directly and solely as a result of an accident,
by external, visible and violent means. The policy operates worldwide and is a 24hours cover.
This policy is basically is designed to offer some sort of compensation to the insured person who suffer bodily injury solely as a result of an accident
which is external, violent and visible. Hence death or injury due to any illness or diseases is not covered by policy.
Home Insurance:
It is a type of property insurance that covers a private residence. It also combine various personal protections, which can include losses occurring to
one’s home, its contents, loss of use (additional living expenses), or loss of other personal possessions of the homeowner, as well as liability insurance
for accidents that may happen at the home or at the hands of the homeowner within the policy territory. The home insurance policy is usually a term contract,
i.e. a contract that is in effect for a fixed period of time. Insurance is adjusted to reflect the cost of replacement, usually upon application of an inflation
factor or a cost index.
Fire Insurance:
Fire insurance is one of the oldest forms of insurance and goes as far back as marine insurance. Its origins are in the age-old fear of fire and human
failing to control fire. In the early development of industrial society fire was the main source of energy. No industrial activity or commerce was possible without
fire and the need to insure the risk of uncontrolled fire became an integral part of society.
Motor/Car Insurance:
All motor vehicles/Cars are required to be registered with the road transport authorities and insured for third party liability. The basic premise is
that the motor vehicle could either cause injury or be a subject of damage and injury, and thus require insurance. The motor vehicle Act of 1939 introduced
compulsory insurance to take care of those who may get injured in an accident. The insurance of damage to the vehicle is not mandatory.
For more information and personalized advice, please contact Wealth Max. Our team of experts is ready to assist you with your financial planning needs. Reach out to us today to take the next step towards achieving your financial goals.
Email-ID – wealthmaxxdata@gmail.com
Contact no. – +91 98204 65838
