Insurance is a valuable risk-financing tool. Purchasing insurance, however, is not risk management. A thorough and thoughtful risk management plan is a defensive measure used against future conditional losses.
LIFE INSURANCE is a commitment or an agreement between the policy owner and the insurer. In the event of the uncertain event, the insurer agrees to indemnify or provide a per-determined compensation to the beneficiary of the life policy. Broadly, insurance can be categorized into TERM insurance and PERMANENT insurance.
CRITICAL INSURANCE: - Insurance policy that pays a Face Amount/ Lump Sum if the insured is diagnosed with a specified critical illness.
We at ONS Financials Inc. deal with 15 different insurance companies to help provide you with a competitive coverage on all different kinds of insurance products.
