Homeowners Insurance
Dwelling Coverage: Protects the structure of your home against damage from covered perils such as fire, wind, and theft. Personal Property Coverage: Covers your personal belongings inside the home. Liability Coverage: Provides protection against lawsuits for injuries or property damage that you or family members cause to others. Additional Living Expenses (ALE): Pays for temporary housing and living expenses if your home is uninhabitable due to a covered loss.
Personal Loan
When a current account holder requires a temporary accommodation, he may be allowed by the bank, on written request and against some collateral security, to overdraw his current account up to a specified or agreed limit. So an overdraft implies that a customer has a current account in the bank. This is a form of temporary bank credit to be made use of occasionally by the customer. Thus, it should be noted that this is not a regular financial arrangement. After the expiry of the agreed period, the borrower has to repay the borrowed amount with eligible interest thereon to the bank. Hence, it is one of the most preferred credit options availed to meet varied personal funding requirements without limit.
Health Insurance
Individual Health Insurance: Provides coverage for medical expenses for individuals and families, including doctor visits, hospital stays, and prescription drugs. Group Health Insurance: Typically offered by employers, covering medical expenses for employees and often their dependents. Medicare and Medicaid: Government-provided health insurance for the elderly, disabled, and low-income individuals.
Life Insurance
Term Life Insurance: Provides coverage for a specified term (e.g., 10, 20, 30 years). Pays a death benefit if the policyholder dies within the term. Whole Life Insurance: Offers lifetime coverage with a savings component that accumulates cash value. Universal Life Insurance: A type of permanent life insurance with flexible premiums and an investment component.
Auto Insurance
Liability Coverage: Covers damages to others if you are at fault in an accident. Collision Coverage: Pays for damage to your vehicle from a collision with another car or object. Comprehensive Coverage: Covers non-collision-related damages, such as theft, vandalism, or natural disasters. Uninsured/Underinsured Motorist Coverage: Protects you if you’re involved in an accident with an uninsured or underinsured driver.