Know More About Insurance And How It Works

Know More About Insurance And How It Works.

Insurance is a contract from an insurance company,  represented by a policy, in which an individual or institution recieves protection and assurance for future losses.

There are many types of insurance policies, some of them are life, funeral, business, and vehicle insurance.

Some popular and giant insurance companies in Ghana includes, Glico, Hollard, GhanaLife, Star, and many more.

The core components that make up most insurance policies are the deductible, policy, limit and premium.

During an insurance business transaction, the Sale Executive Officer from the insurance company has to explain the concept of the insurance policy.

The consumer, who is the one buying the Insurance must have a firm understanding before attempting to purchase any insurance policy.

After purchasing the insurance, the sale officer who is selling the insurance must give a policy number to the consumer.

One may need a beneficiary when buying  many of the insurance policies offered by various insurance companies in Ghana.

When the insurance matures or a situation happens which makes the consumer eligible to claim his or her insurance.

The insurance company which the person bought the insurance from, will have to review the case and other documents that proves that the policy holder is truly eligible to claim the policy.

Buying an insurance is always a good decision in life because it gives u future security.

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