Insurance
Insurance is designed to transfer or manage specified financial risks in exchange for premiums under a policy contract.
Insurance is about transferring defined risks — coverage, exclusions and claims matter as much as premium.
Insurance policies are contracts. The policy wording determines what is covered, what is excluded, waiting periods, claim conditions, premium obligations and other rights and responsibilities.
Match the sum assured or coverage limit to the risk you are trying to transfer.
Read exclusions, waiting periods, sub-limits and conditions rather than comparing premium alone.
Understand claim notification, documentation, renewal and policy servicing processes.
Read before you decide.
Financial products can have different risk, liquidity, tax and regulatory characteristics. Use this page as an educational starting point and review the actual product documents before making decisions.
What should you check for Insurance?
Coverage fit
Match the sum assured or coverage limit to the risk you are trying to transfer.
Policy exclusions
Read exclusions, waiting periods, sub-limits and conditions rather than comparing premium alone.
Claims & servicing
Understand claim notification, documentation, renewal and policy servicing processes.
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