Insurance plans

Insurance plans are agreements where you pay a regular amount called a premium to an insurance company in exchange for financial protection against specific risks, such as health issues, accidents, or property damage. If the covered event occurs, the insurer helps cover costs, reducing your financial burden. Think of it as sharing the risk: many pay premiums, and the insurer provides support when needed. Different plans vary in coverage, costs, and deductibles, helping you choose based on your needs and budget. Overall, insurance offers peace of mind by protecting against unpredictable financial setbacks.