Insurance is a contract (policy) that helps an individual to reduce the financial loss or hardship by getting a reimbursement against from an insurance company. According to Lloyds of London “Insurance is the main way for businesses and individuals to reduce the financial impact of a risk occurring” insurance is social device which has become a driving pillar of a nation’s risk management system. It is broadly categorized into life and non-life insurance. Life insurance provides financial support to a family in case of death of a family member. Non-life insurance is contracts that do not come under the ambit of life insurance are called general insurance. The different forms of general insurance are fire, marine, motor, accident, health and others.
Cite this article:
Vijeta Chaudhary. Health Insurance: A Study on Customer’s Satisfaction and Awareness. Res. J. Humanities and Social Sciences. 2019; 10(2):371-375 doi: 10.5958/2321-5828.2019.00063.9