Investment-linked plans usually make use of the premiums you pay to purchase life insurance protection and units in a fund administered by the insurance company. Usually, medical insurance is divided into Hospital and Surgical policies, and Hospital Benefits. Some companies also offer medical insurance plans that cover you when you are abroad. What pitfalls may await you, unless you look carrefully. When travelling or living for periods overseas, it is surprising how many countries exist where medical treatment of a reasonable standard is just not available, or is available but expensive.
Policy holders can also take out protection for immediate family members.
Premiums could depend on your line of work. Motor This type of insurance covers you for vehicle loss or damage caused by accident, fire or theft and windscreen damage. In addition, personal accident cover also includes medical expenses cover for you and your passengers if there is an accident. Third party cover will include death or injury to any third parties and damage to third party's vehicle or property. Home Insurance Protects your home against fire, theft and other hazards.