Sbi Hr Policy Pdf Download __FULL__
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a person may be uninsured or underinsured depending on the amount of coverage available on the insurance policy. in both cases, the insurance company will have to pay the medical expenses up to the deductible amount.
deductible is a type of clause that is used by the insurance company as a threshold for policy payment for health insurance or travel insurance. deductible is a decided amount that you have to pay from your pocket while claiming the insurance.
it is one of the four types of insurance that companies use. the other three types of insurance are life insurance, health insurance and long-term disability insurance. life insurance protects the life of the policyholder or the business from the loss of the policyholder’s life.
the insurance premium is the payment that you must make to the insurance company when purchasing a policy. you are charged an amount of money for each year in which you maintain insurance coverage on your property. an example is a $75 annual charge for a homeowner’s policy. you are also charged an annual fee for having a particular type of insurance, such as flood insurance.
in addition to the medical expenses, you will also have to pay a certain amount of money in an event of death. this amount is called the liability limit. it will depend on the policy that you have. for instance, if you have a health insurance plan, your medical expenses will be covered and you will only be responsible for the liability limit. if you do not have any insurance plan, you may still have a liability limit. you must have an insurance policy that covers your liabilities if you are held liable for an accident.
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