Frequently Asked Questions

Insurance is a contract that provides financial protection against potential losses or risks in exchange for regular payments.

Insurance works by collecting regular payments (premiums) from policyholders, and in return, covering financial losses when specific events or risks occur.

The main types of insurance are health, life, auto, home, and travel insurance, each covering different risks or needs.

Group insurance is a single insurance policy that covers a group of people, usually employees of a company.

Insurance can be claimed by the policyholder or a nominated beneficiary when a covered event occurs.