NLIC.org

Eileen Said:

What are the average policy premiums for all types of insurance?

We Answered:

As has been rightly pointed out by you, the premiums payable is depending upon the various factors specific to the individual and the type of insurance. However, you can get this vital information to some extent by visiting the site
https://www.insurancemall.in wherein if you can furnish the required particulars for various types of insurance, you would be given the policy premiums payable.

Terrence Said:

Explain the Different types of Insurance in Ontario?

We Answered:

You must have insurance on any vehicle car/truck/motorcycle that you operate on a public roadway and if you have a mortgage it is usually mandatory you have house insurance.Business owners will have liability insurance.Doctors and nurses can carry malpractice insurance.Individuals can carry life insurance.You can buy health insurance to cover unexpected disability, dental insurance, travel insurance, insurance to cover cancellation of airline tickets.You can get pet insurance to cover vet bills.Farmers can buy crop insurance.Renters can get contents insurance on their belongings.Most of these are not mandatory.

Michele Said:

What are the different types of car insurance in the uk?

We Answered:

Third party - (usually includes fire and theft cover for your vehicle but does not have to) This type covers only other peoples property and not your own car or property. The main difference is that if you are responsible for a claim and so your insurance liable you do not get one penny for your car.

Fully comp - Covers all damage no matter who is at fault and for most reasons

Persons covered - for both of the above the policyholder, who is the owner, registered keeper and main driver, is covered. The only other persons covered are drivers specifically named on the policy.

Any driver policies - to get one of these you need to be in business and be insuring company owned and used vehicles - no longer possible for induviduals.

Shelly Said:

I need a list of how to enter different types of insurance information at Walgreen's on intercom plus?

We Answered:

Use the third party inquiry key. That is what it is for.

Felix Said:

what are the types of insurance policies that affect individual consumers?

We Answered:

this is a very broad topic but to put it simply, every individual should have the following:
1) hospitalisation coverage to take care of big ticket medical bills.
2) accidental coverage to take care of small bills due to accident.
3) death, total permanent disability and critical illness coverage.

if you have a house, then homeowners and mortgage insurance.
if you have a car, then auto insurance.
if you travel, travel insurance.

these are bare basics. there are many types of insurance and within each type there are variations too. if you are still wondering why is insurance important, then do a rehearsal for yourself with the 4 following scenarios:

1) death
2) total permanent disability eg loss both legs
3) critical illness eg cancer
4) retirement

when any of the 4 scenarios happen to you, do you have the financial means to handle it? if not, then you need insurance.

a simple case study. man married with 2 kids age 5 and 10, monthly expenses $5k. wife age 35 not working with low educational qualifications and very little work experience.

if death occurs, man have to provide for at least till the older kid has grown up (assume age 21) and can help to support family. the amount required will be $5k X 12 X (21-10) = $660k. this is excluding education fund for the kids and retirement fund for the wife.

do the same for the rest of the 3 scenarios, just take note that for disability and critical illness, you are actually a burden as may need to engage nursing help to take care of you, apart from the treatment costs that may not be fully covered by other insurance.