Life insurance and Health Insurance

It is the insurance of public life and health . In this insurance the insurers are extermely important in providing financial secutity to individuals and families. there are mainly two types of policy in this category. They are liffe insurance and haelth insurance . In life insurance , the insurers has to pay the insurered amount to designated beneficiaries when the insured the dies . Other death benefits can also be designed in the life policy. The death benefits can be designed to pay for funeral expenses. Insured medical bills estate taxes, and other expenses as a result of death. The death proceeds canbe arranged to provided periodic income payments to the daceased's dependents. Life insurers also sell both group and individual retirements plans that pay retirement benefits. In addition life and health insurers sell individuals and group health insurance plans that cover medicalexpense from seekness or injury.