What type of insurance coverage is best for me?

  • Everyone knows hospital bills can get very expensive after a serious illness.

  • Life can get really difficult if the dearly departed was also a breadwinner.

  • Running a business without cover is hazardous. Always identify the risks you can expect which include employees, buildings, merchandise, and equipment or machinery.


Insurance is a means of protection from financial loss and an Important part of any financial plan. There are many different types of insurance that provide different kinds of benefits.  It is Important to know what product would work for you and why.  Insurance does not have to be Intimidating, Below is a list of some of the common types of Insurance that most families have and the reason why they purchase these covers.


To Pay for a child’s Education

University education can be really expensive, if you do not plan on how to pay for it. An  education cover provides an affordable means to be able to provide this education to our children. The policy should Ideally be taken out on the child when they are newborns or very young. The way it works is, you pay a monthly fee or premium for a certain amount of years and when the child is ready to go to university, the Insurance company pays a lump sum to pay for the students’ fees. Talk to your insurance brokers on how you can enroll.



To pay for Medical expenses

Everyone knows hospital bills can get very expensive after a serious illness. Getting a health cover pays for medical expenses in the event of an accident or illness. Health Insurance also pays for terminal illnesses and pain management. These plans pay for Inpatient care which is a hospital stay, and outpatient which covers doctor visits.  When purchasing a plan consider what your family’s health needs are and get a plan that protects them all.



Life Insurance

Life comes to an end at some point, Life Insurance protects a family from financial hardship after the loss of a loved one.  Life can get really difficult if the dearly departed was also a breadwinner. Secure your family from financial uncertainties using life Insurance to help out with the bills till they are able to move on financially and emotionally.




Protect your Belongings

You can insure your precious household items in your home cover against theft, destruction or repairs after the warranty period. There are also covers which include livestock against diseases and crop against calamities insurance.



Car Insurance

Accidents occur when least expected. The policies are third party and comprehensive covers. You do not only protect your vehicle alone but also the occupants. These covers protect you from accidents deemed to be your fault.



Protect your Business

Running a business without cover is hazardous. Always identify the risks you can expect which include employees, buildings, merchandise, and equipment or machinery. Insurance covers like employees benefit protection, and comprehensive business cover will save you a good deal.




Retirement

Planning for old age is paramount. Retirement Pension scheme is right for you. A monthly payment allows you to have a monthly salary when you retire.



When you consider buying an insurance policy, ask your insurance broker to explain the benefits of the plan you wish to enroll. Figure out what your needs first and then have a broker find that policy that fits your needs.That will ensure you have appropriate coverage for your specific lifestyle that you can afford.



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