Health insurance is one of the important saving in our life. As we are human beings we may get so many medical problems like cancer, diabetes etc.., for these medical problems the treatment cost is heavier so we must plan some solution, for this problems the best solution health insurance. We may get some medical claim in this insurance by the valid documents. This is one of the important insurance plan, and also we can avoid our sudden expensive.

In my personal, health insurance helped me a lot of things in my life, when i get an accident this medical insurance helped me a lot in economical level. So all we should care about our health and this is also one of the way for “prevention is better than cure”.

A life insurance promises that the insurer will pay to the policy holder a certain sum of money if the person insured dies or any other specified contingency happens. It is a contract, within the meaning of the indian contract ACT 1872. A contract is an agreement between two or more parties to do, or not to do, so as to create create a legally binding relationship. A simple contract must have the following essentials.

• Offer and acceptance.
• Consideration.
• Capacity to contract.
• Consensus ‘ad idem’
• Legality of object or purpose
• Capacity of performance
• Intention to create legal relationship.

Insurance is a contract between the insurer and the policyholder. The policyholder can be different from the person whose life is insured, as will be seen later. Insurance is specialised type of contract. Apart from the usual essentials of a valid contract, insurance contracts, insurance contracts are subject to two additional principles, insurance contracts are subject to two additional principles viz.

Welcome to WordPress. This is your first post. Edit or delete it, then start blogging!