L506: Insurance products

Which of the follwing pays for our medical expenses?

• Car Insurance

• Health Insurance

• Property Insurance

• Life Insurance

Insurance is necessary because _____

• Provides financial security at the time of emergencies

• provide peace of mind

• it transfers risk

• helps in replacing valuable items

Type of Insurance which can pay for vehicle repairs and damage:

• Life Insurance

• Health Insurance

• Motor Insurance

• Property Insurance

Type of Insurance which can pay for your mobile theft, cracked screen, and breakdowns.

• Motor Insurance

• Property Insurance

• Mobile Insurance

• Fire Insurance

Charges required to be paid by the buyer of insurance to avail of the insurance plan are called ______.