Introduction
Insurance is a contract or policy in which an individual or entity receives financial protection or repayment against losses from an insurance company. The company pools clients' risks to make payments more affordable for the insured. Insurance actually means that any insurance company will do a promise to help you and to be with you in the hour of danger and difficulty. Insurance companies help the persons when he is in problem. If a person faces any kind of accident or harm, insurance company will be with him and assist him financially. All the specified losses and damages will be paid by the insurance company. Insurance policy is like an investment you made into the insurance company to help you when will be in trouble. Insurance companies offer the financial assistance and services according to your needs and also according to the investment levels you made into the insurance company. The more investment you will do, the more benefits and services you will get. Insurance is of different types and kinds, old insurance and the new insurance have different and redefined types of insurance policies. Health, wealth, business, land, property, marine, boats, vehicle and even pet’s insurance policies are available and in different packages and plans.
Detail
In the starting time, when this trend was started for the first time, old insurance policies were really change as compare to the new insurance polices. Features of both old insurance and new insurance policies were different, advantages and services were also different. Old insurance polices were limited and offered on only few areas like health vehicle and business, but in the present time, new insurance polices are redefined and they have enormous features that attracts the persons and companies to buy them. Old insurance policies were featuring few services and qualities and their investment plans and interest rates were also different. In the starting era, old insurance was not so common and famous among all because f poor services and um-matured insurance plans. Installments for investment was also very high but now, new insurance polices have changed the trend and now even common people is enjoying benefits of new insurance policies.
Features
Old insurance policies were having restricted features and they were only for few areas like health and vehicle etc but new insurance polices, with the passage of time has bring new exited changes in the insurance market. New insurance policies cover more areas like health, auto, property, marine, boats, business, land and also pet’s insurance policies. So a clear difference between old insurance and new insurance policy is visible.
Comments
As old insurance polices were the very first ones, so they were featured with less services and benefits but with the passage of time, insurance policies were getting updated and in a result new insurance policies have lots of attractive features which pursue the public to buy it. Old insurance policies were having limited benefits and features but in this modern era, new insurance polices have lots of benefits and services to assist the person in case of harm and difficulty.
