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Asked by Medha Last Modified
Answer 
Anil Kumar
Teacher
Hi thanks for asking this question,
See for insurance decisions main factors are:-
Cost to benefit ratio in terms how much premium need to pay and what is the insured amount.
Secondly in today's world of fast food l, hypertension, mental disturbances, lack of physical work exercises itsitadvisable to take a health policy.
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Insurance is something which is used to protect yourself from financial lossess. It is primarily of 2 types Life Insurance (Term Plan , Endowment , Pension plan + etc )& Non-Life Insurance (Auto Insurance , Home Theft Insurance , Medical Insurance etc ). For Insurance to be covered, the Insurance company charges a premium amount which is based on various demographic factors like age , type for a specific term (# years).
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Hello everyone, I can teach economics and business studies of 11th and 12th class
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