Only posted by me

1. BY:-) DARSHAN
CHAUDHARI

2. SELF
INTROD
UCTION
NAME- VIRAL DHANPAT BHANDARI
STD- 10TH A
ROLL NO- 3
SUBJECT-BANKING
TOPIC - TYPES OF INSURANCE
GUIDED BY - PAWAN GHODAKE SIR

3. IN
DE
X
1) Types of insurance and their benefits
- Life insurance
- Health insurance
- Vehicle insurance
2)Significance of each insurance
3)financial benefits

4. INTRO
DUCTI
ON
Insurance is a contract, represented by a
policy, in which a policyholder receives
financial protection or reimbursement against
losses from an insurance company. The
company pools clients' risks to make
payments more affordable for the

5. LIFE
INSUR
ANCE
Life Insurance can be defined as a contract between an
insurance policy holder and an insurance company, where the
insurer promises to pay a sum of money in exchange for a
premium, upon the death of an insured person or after a set
period. Here, at ICICI Prudential Life Insurance, you pay
premiums for a specific term and in return, we provide you
with a Life Cover. This Life Cover secures your loved ones’
future by paying a lump sum amount in case of an unfortunate
event. In some policies, you are paid an amount called
Maturity Benefit at the end of the policy term

6. SIGNIFICANCE
OF LIFE
INSURANCE
Insurance acts as a vital shield against
unforeseen circumstances. It protects you
from unplanned expenses and offers a
financial cushion from accidents,
illnesses and more. Insurance safeguards
the financial interests of your family in
your absense

8. HEALTH
INSURA
NCE
Health insurance policy is an assurance which provides
immediate financial help in case when any medical
emergency arises. It is a contract between a policyholder
and the insurance company which covers medical expenses
that might occur due to illness, injury or accident. If
you have a health insurance policy, then some or all the
medical expenses will be borne by the insurance company,
against which an insured is supposed to pay a certain
amount known as premium.

9. SIGNIFICANCE
OF HEALTH
INSURANCE
Some key health insurance features include
coverage for hospitalisation expenses,
pre-and post-hospitalisation expenses, and
the cost of treatments and surgeries. Health
insurance benefits also include cashless
hospitalisation, daycare procedures, and
coverage for pre-existing illnesses after a
waiting period

11. VEHICLE
INSURAN
CE
The vehicle insurance is provided against the damage that may
occur due to accidents, third-party damage, traffic collisions,
and collisions with other objects. Vehicle insurance sometimes
also provides coverage for damage due to weather conditions or
natural disasters. Vehicle insurance includes car insurance, bike
insurance, and commercial vehicle insurance that are not for
personal use. Commercial vehicles include auto-rickshaws,
ambulances, taxi/cabs, agricultural vehicles, multi-utility, or
other light vehicles. It also includes heavy vehicles like
trucks, buses, etc. that are not for personal purposes.

12. SIGNIFICANCE
OF VEHICLE
INSURANCE
In case your vehicle is damaged due to an
accident, fire, or self ignition, you are
protected. Furthermore, if the car suffers
losses due to burglary or theft, strikes,
riots, or terrorism, your insurance policy
covers these

14. FINANCIAL
BENEFITS OF
INSURANCE
It is a kind of risk management plan to use an insurance
policy as a hedge against an uncertain loss
Insurance coverage does not mitigate the magnitude of loss
one may face. It only assures that the loss is shared and
distributed among multiple people
Various clients of an insurance company pool in their risks.
Hence, they pay the premiums together. So when one or a few
incur a financial loss, the claimed money is given out of
this accumulated fund. This makes each client bear a nominal
fee

16. THANK
YOU
……