2. What is Insurance? Insurance is a form of risk management primarily used to hedge against the risk of a contingent, uncertain loss. Insurance is defined as the equitable transfer of the risk of a loss, from one entity to another, in exchange for payment. An insurer, or insurance carrier, is a company selling the insurance; the insured, or policyholder, is the person or entity buying the insurance policy. © Copyright 2011 - 2012 www.LifeInsuranceDirect.com.auwww.LifeInsuranceDirect.com.au

3. Types of Insurance Auto insurance Health insurance Accident, sickness and unemployment insurance Life insurance Burial insurance © Copyright 2011 - 2012 www.LifeInsuranceDirect.com.auwww.LifeInsuranceDirect.com.au

4. Auto Insurance Auto insurance protects the policyholder against financial loss in the event of an incident involving a vehicle they own, such as in a traffic collision. Coverage typically includes:  Property coverage, for damage to or theft of the car;  Liability coverage,  Medical coverage, for the cost of treating injuries, rehabilitation and sometimes lost wages and funeral expenses. © Copyright 2011 - 2012 www.LifeInsuranceDirect.com.auwww.LifeInsuranceDirect.com.au

5. Health Insurance Health insurance is insurance against the risk of incurring medical expenses among individuals. By estimating the overall risk of health care expenses among a targeted group, an insurer can develop a routine finance structure, such as a monthly premium or payroll tax, to ensure that money is available to pay for the health care benefits specified in the insurance agreement. © Copyright 2011 - 2012 www.LifeInsuranceDirect.com.auwww.LifeInsuranceDirect.com.au

6. Accident Insurance In the event of an accidental death, this insurance will pay benefits in addition to any life insurance but only up to a set amount total regardless of any other insurance held by same insurer, held by the client. Some of the covered accidents include traffic accidents, exposure, homicide, falls, heavy equipment accidents, and drowning. © Copyright 2011 - 2012 www.LifeInsuranceDirect.com.auwww.LifeInsuranceDirect.com.au

7. Trauma Insurance Critical illness insurance or critical illness cover is an insurance product, where the insurer is contracted to typically make a lump sum cash payment if the policyholder is diagnosed with one of the critical illnesses listed in the insurance policy. The finances received could be used to: o pay for the costs of the care and treatment o pay for recuperation aids o replace any lost income due to a decreasing ability to earn or even © Copyright 2011 - 2012 www.LifeInsuranceDirect.com.auwww.LifeInsuranceDirect.com.au

8. Total disability insurance Total permanent disability insurance provides benefits when a person is permanently disabled and can no longer work in their profession, often taken as an adjunct to life insurance. Disability insurance policies provide financial support in the event of the policyholder becoming unable to work because of disabling illness or injury. © Copyright 2011 - 2012 www.LifeInsuranceDirect.com.auwww.LifeInsuranceDirect.com.au

9. This presentation has derived numerous citations from various sources including http://en.wikipedia.org. The complete article can be found here.here LifeInsuranceDirect does not claim the ownership over the content of this presentation.