A THREAD
Insurance 101 by @mTek_Services
Insurance is the practice of transferring risk to one who has the financial ability and the technical know-how to adequately handle it
@BenteKrogmann @omwambaKE @waithash
Insurance 101 by @mTek_Services
Insurance is the practice of transferring risk to one who has the financial ability and the technical know-how to adequately handle it
@BenteKrogmann @omwambaKE @waithash
The role of insurance is to give protection to an individual against monetary losses arising from unforeseen circumstances @mTek_Services @BenteKrogmann @cheruiyotkb @SokoAnalyst @omwambaKE
There are generally two categories of Insurance
1⃣Life Insurance- This is the protection against an insured occurrence against the insured eg death, disability, critical illness,etc
It can also have the aim of saving and growing the insured money
@mtucreativity
@mTek_Services
1⃣Life Insurance- This is the protection against an insured occurrence against the insured eg death, disability, critical illness,etc
It can also have the aim of saving and growing the insured money
@mtucreativity
@mTek_Services
💡Term policies-provide cover only with no investment benefits
💥Endowment policies provide a mix of protection, savings, and investment
@mTek_Services
@BenteKrogmann
💥Endowment policies provide a mix of protection, savings, and investment
@mTek_Services
@BenteKrogmann
💡Whole life-life long protection
💥unit linked/investment policies-Part of the premium is used to purchase life protection and the rest to purchase units in an investment fund.
@mTek_Services
@BenteKrogmann
💥unit linked/investment policies-Part of the premium is used to purchase life protection and the rest to purchase units in an investment fund.
@mTek_Services
@BenteKrogmann
💥Funeral cover- covers funeral expenses. Money should come in within 48 hours after the claim
@cheruiyotkb @BenteKrogmann
@cheruiyotkb @BenteKrogmann
Before buying a life insurance policy, it is important to evaluate your goals and needs. This alignment will make the journey worth pursuing.
Look out for the policy term and duration as well as the small prints.
@mTek_Services
@BenteKrogmann
Look out for the policy term and duration as well as the small prints.
@mTek_Services
@BenteKrogmann
2⃣General Insurance-insurer promises to compensate the insured in the event that there is loss or damage to property or against liability. Mostly annual or short-term
@mTek_Services
@BenteKrogmann
@SokoAnalyst
@mTek_Services
@BenteKrogmann
@SokoAnalyst
General insurance options include
1⃣Medical insurance
2⃣Motor Vehicle Insurance
3⃣Personal Accident
4⃣Travel Insurance
5⃣ Burglary/Theft
6⃣Good in-transit Insurance
7⃣Work injury benefits Act Insurance
8⃣Fidelity Insurance
9⃣Fire & Peril
🔟Professional Indemnity
11. Marine
1⃣Medical insurance
2⃣Motor Vehicle Insurance
3⃣Personal Accident
4⃣Travel Insurance
5⃣ Burglary/Theft
6⃣Good in-transit Insurance
7⃣Work injury benefits Act Insurance
8⃣Fidelity Insurance
9⃣Fire & Peril
🔟Professional Indemnity
11. Marine
Download @mTek_Services app and be able to purchase insurance covers from 35 insurance underwriting from your mobile
play.google.com @BenteKrogmann @omwambaKE @mbuguanjihia
play.google.com @BenteKrogmann @omwambaKE @mbuguanjihia
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