traditional insurance plans

Traditional insurance plans are agreements where you pay a monthly premium to an insurance company in exchange for financial protection against specific risks, such as health issues, accidents, or property damage. If an insured event occurs, the insurer covers part or all of the costs, according to the policy terms. These plans typically have set deductibles, co-payments, and coverage limits. They aim to provide peace of mind and manage unpredictable expenses, allowing you to access necessary services or repairs without bearing the full financial burden at once.