Surprises are an inevitable part of life – good and bad. But why deal with unpleasant surprises when you have insurance? General insurance will help you mitigate the financial losses incurred due to damage to the assets you value most. It offers you financial protection against perils faced with regards to your property, vehicle, personal accidents, health and travel. The right general insurance policy will provide you with the right protection against risks or disasters, no matter how big or small.
PB Financial services provides both Life and General Insurance solution offline. One can select, compare, buy & manage policies as well as renew policy from anywhere, online through the portal & mobile application. The company’s approach is always customer centric and not product or idea specific. The idea is to get the right coverage, at the right time, through the right product and at the right cost to the client.
Life insurance (or life assurance, especially in the Commonwealth of Nations) is a contract between an insurance policy holder and an insurer or assurer, where the insurer promises to pay a designated beneficiary a sum of money (the benefit) in exchange for a premium, upon the death of an insured person (often the policy holder). Depending on the contract, other events such as terminal illness or critical illness can also trigger payment. The policy holder typically pays a premium, either regularly or as one lump sum. Other expenses, such as funeral expenses, can also be included in the benefits.
Life policies are legal contracts and the terms of the contract describe the limitations of the insured events. Specific exclusions are often written into the contract to limit the liability of the insurer; common examples are claims relating to suicide, fraud, war, riot, and civil commotion.