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What is Car Insurance and Advantages of Car Insurance?

Insurance is a type of contract where an individual or a party gains financial protection against the circumstances of an uncertain future from a company. The insurance policies are often used to protect the insured property, whether it is small or large.   It's critical to safeguard your car whether you buy or lease one. Having car insurance can provide a sort of peace of mind to the owner if they are in an accident, or if their vehicle gets stolen, vandalized, or even damaged by a natural disaster.   What is Car Insurance? As the term says itself, car insurance is the insurance of a car. The major purpose of car insurance is to provide monetary security against any kind of harm that is manual.   In addition, it also provides security towards bodily injury that is caused by traffic collisions, along with the responsibility that may happen due to such incidents.   Car insurance also gives financial security against car robbery and harm that may be inflicted by occur

INSURANCE

  INSURANCE   Insurance is the protection one gets from financial losses.   A company or the state provides various kinds of insurance as compensation for the uncertain risks that come unannounced at any point in time and charge a specific amount of premium for the same.   The company that provides the insurance is called the ‘INSURER’ and the person buying the insurance is known as the ‘INSURED’.   HEALTH INSURANCE Health Insurance, also known as Medical insurance is a contract between the insurer and insured that covers the amount of medical expenses of a person as a whole or some part of it in exchange for a premium.   It includes reimbursement of medical, surgical, prescribed drug expenses that the insured occurs.   Health insurance companies in India provide the following types of insurance:   1.      INDEMNITY PLAN: It comprises of reimbursement of hospitalization or expenses for the doctor's fees incurred by the insured. The insurance company pays a set sum