Insurance

The insurance company receives a sum of money from the policyholder known as the “premium,” in exchange for which it offers insurance coverage. The insurer promises that, subject to certain criteria, it will pay for the policyholder’s losses. The “policy limit”—the promised amount for insurance coverage—is determined by premium payments.

For instance, some consumers might choose one insurance provider over another due to the size of its partner hospital network that offers cashless claim services, while others would place more importance on the standard of the services offered or the accessibility of customer support.

At Wealth Castle LLP, we value treating our clients with kindness, sincerity, fairness, and justice. Additionally, we want to achieve mutual progress through appreciating one another’s uniqueness and individuality via the exchange of extraordinary knowledge and creative ideas.

Types of Insurance in India

1. Motor/Auto/Vehicle Insurance
2. Life Insurance
3. Health Insurance
4. Travel Insurance
5. Marine Cargo Insurance
6. Commercial Insurance
7. Home/Property Insurance
8. Accident Insurance
9. Education Insurance

Advantages of Insurance

Insurance serves many purposes and offers numerous advantages. Here are a few of its most important benefits, some of the secondary ones, and the rest are ancillary. The fundamental purposes of insurance protection are:

1. Offers security
2. Offers assurance
3. Risk Transfer
3. Risk Transfer
4. Risk Value
5. Capital Production
6. Economic Growth
7. Saving Practices