Insurance Services - Kirat Advisory

At Kirat Advisory, we offer a comprehensive range of insurance solutions to help you protect yourself and your assets from unexpected events. Our team of experts is dedicated to guiding you through the process of selecting the best insurance policy that fits your needs, ensuring you get the best coverage and a hassle-free experience from start to finish.

What is Insurance?

Insurance is a way to protect yourself or your belongings from unexpected problems that could cost you a lot of money. You pay a small amount of money regularly to an insurance company, and in return, they promise to help you if something bad happens. For example, if you get sick or meet with an accident, they can help pay the expensive medical bills. Or if something valuable, like your car or house, gets damaged, they can help cover the costs. It's like having a safety net that helps you when things don't go as planned.

How Does Insurance Work?

Insurance works by spreading out the financial risk of unexpected events. When you buy insurance, you pay a small amount of money called a premium to the insurance company. In return, the company promises to help you if something bad happens. They collect premiums from many people, which creates a pool of money. When someone in the pool faces a problem covered by the insurance, like an accident or illness, the company uses the money from the pool to help them pay the bills. This way, individuals and businesses can protect themselves from big financial losses that could be difficult to handle on their own.

What is Insurance Premium?

A premium is the sum of money you pay to an insurance provider in exchange for the protection they offer. Normally, it is paid on a regular schedule, such as monthly or yearly. Numerous variables, such as the type of insurance, the coverage limits, the degree of risk involved with the insured person or property, and other pertinent information, affect the premium amount.

What is an Insurance Claim?

An insurance claim is a formal request that you make to your insurance company when something unexpected happens that is covered by your insurance policy. You're asking the company to provide financial help as per the terms of your policy. You give them details and proof of what happened, and if they agree, they'll provide you with the appropriate compensation or support.

Types of Insurance

Life Insurance

Life insurance offers protection for a predetermined number of months or years, or a term. In the tragic event that the insured passes away during the policy term, this sort of life insurance offers a financial benefit to the nominee. Low-cost term insurance products offer excellent life coverage.

Types of Life Insurance Plans

• Basic Plan: Includes a death benefit paid as a lump sum if the policyholder dies within the policy period.
• Life Insurance with Accidental Death Cover: Pays out a lump sum if the insured dies during the policy period due to an accident.
• Demo Insurance with Accidental Death Cover: Pays out a lump sum if the policyholder dies in an accident during the policy period.
• Life Insurance with Critical Illness Cover: Includes a death benefit paid as a lump sum if the policyholder dies due to illness within the policy period.

General Insurance

General Insurance is a crucial component of the insurance industry, designed to safeguard individuals and businesses from a wide spectrum of unforeseen events that can result in financial loss. It stands in contrast to life insurance, which primarily addresses the financial well-being of individuals and their beneficiaries in the event of the insured person's death.

Types of General Insurance Plans

• Auto Insurance: Provides coverage for vehicles and their drivers, including damages due to accidents, theft, or vandalism.
• Home Insurance: Covers homeowners and renters against damage or loss of property and possessions.
• Health Insurance: Provides coverage for medical expenses, including hospitalization, doctor's visits, prescription drugs, and preventive care.
• Travel Insurance: Offers protection for travelers against trip cancellations, delays, medical emergencies, lost baggage, and other travel-related risks.

Health Insurance

Health insurance is a type of coverage that pays for medical and surgical expenses incurred by the insured individual or their covered dependents. It is designed to help mitigate the high costs associated with healthcare by covering a portion of medical expenses, allowing individuals to access necessary medical care without facing overwhelming financial burdens.

Health Insurance Coverage

• Coverage: Includes a wide range of medical services, such as doctor's visits, hospital stays, surgeries, prescription medications, preventive care, and mental health services.
• Network: Many plans have a network of healthcare providers, including doctors, hospitals, and specialists, often resulting in lower out-of-pocket costs.
• Preventive Care: Many plans cover preventive services at no cost, such as vaccinations and wellness check-ups.
• Emergency Coverage: Provides coverage for emergency medical services, including emergency room visits and ambulance services.

Important Aspects While Buying Insurance

• Coverage: Ensure it covers your needs.
• Limits: Check maximum payout amounts.
• Deductibles: Know your out-of-pocket expenses.
• Cost: Compare premiums from different insurers.
• Network: Confirm if your preferred providers are included.
• Claim Process: Understand how to claim and required documents.
• Exclusions: Know what's not covered.
• Waiting Periods: Be aware of any waiting times.
• Renewability: Check policy renewal terms.
• Service: Research customer reviews and support quality.

Advantages of Buying Insurance

• Financial Protection: Provides a safety net against unexpected events, minimizing the financial impact on you or your family.
• Peace of Mind: Knowing you're covered helps reduce stress and worry about potential risks.
• Risk Sharing: Spreads the financial burden across a larger group, making costs manageable for individuals.
• Compliance and Security: Certain types of insurance, like auto insurance, are often legally required, ensuring compliance and protection.
• Long-Term Planning: Supports long-term financial planning by safeguarding assets and future needs.

Why Choose Kirat Advisory?

At Kirat Advisory, our goal is to make the insurance process as smooth and straightforward as possible. Here's how we can help:

• Expert Guidance: Our experienced advisors will help you choose the best insurance policy based on your requirements and eligibility.
• Competitive Premiums: We work with a wide network of insurers to secure the best premiums for you.
• Hassle-Free Process: From eligibility checks to document collection and application submission, we handle everything for you.
• Quick Approval and Claims: Our streamlined processes ensure that your insurance application is approved promptly and claims are processed quickly.
• Customer Support: Our dedicated support team is always available to answer your questions and assist you throughout the insurance process.

Get Started Today

Ready to take the next step? Contact Kirat Advisory today and let us help you find the perfect insurance solution for your needs. Visit our website or reach out to our customer service team to begin your hassle-free insurance application journey.