Insurance: we all are quite familiar with this word. When we talk about Insurance the first thought that pops up into our mind is compensation against loses.

To those who are novice or we can say that those who exactly do not know what exactly it is and how it works here is a brief explanation to them:

Insurance is a process or contract securing compensation for the loss or damage or injury on payment of certain amount of premium within a certain period. The person who is protected by the insurance is the insured one and the organization or the firm that undertakes to pay the insurance in consideration of premium is the insurer one.

The Insurance Companies nowadays are gaining super-profits in terms of premium as because a rare case happens where the insurance company pays the compensation. For instance, in UK, most of the people are insured with Accidental Insurance

Policy. It may happen that one-five in a hundred may end up with mishaps (read as accident). So in those cases, the insurance companies end gaining premiums of rest ninety five people out of one hundred.

Initially, Life Insurance was the most well known and widely accepted by most of the mass. With increased development and globalizations, the insurance industries too innovated new avenues of development and power to survive along with other developing industries. To name a fewAccidental Insurance, Mortgage Insurance, Private Mortgage Insurance, Hazard Insurance, Title Insurance, Liability Insurance, Co- Insurance, Homeowners Insurance, and many more. That is a different issue all together. I am here to talk about Permanent Health Insurance. This article briefs about Permanent Health Insurance and Health Insurance

Presently, Permanent Health Insurance and Health Insurance are the happening industries in the world. Almost people around the world are secured with the above-mentioned Insurance policies. The term Permanent Health Insurance and Health Insurance may sound similar to us as both are related to health but the applications of

these two are quite different from each other. The Permanent Health Insurance refers to an insurance policy that will pay the insured person a share/part of their own income, until retirement, when they grow oldunable to work due to ill healthwhatever is the cause. Some insurance policies also cover the cost of medical expenses of the senior person along with it (including the above mentioned plan). The term Health Insurance refers to compensation against injuries, medicinal expenses, hospitalization expenses, surgery expenses, and so on. Again, Health Insurance is also subject to certain specific terms and conditions. The basic criteria is- any person, who free from any kind of chronicle, inherited and incurable disease, can avail the offers of mediclaim.

There are also certain age limits and set criteria and policies for different age range. For instance, a person (aged 55+) who is previously suffering from a serious heart disease cannot get insurance for his heart treatment because he is pre-primarily suffering from the disease. So the case has to be such that initially the person has get his insurance done and then if he suffers from any kind of disease then he will get full compensation for the expenses he incurs, by presenting his medical bill to the respective Health Insurance company. Initially, a person had to face a lot of complications before getting insured and compensation from the respective insurance company. Presently, the concept has changed slightly with insurance companies latest policies. Those can be found from the website list presented with this article.

In UK and US, many new insurance companies are emerging which is not only increasing competition amongst them including old ones but also are coming up with cost-effective insurance policies and plans to help the common mass to opt for the unique and profitable ones. The traditional concept has changed to new and flexible ones. Anyone can apply and get insured with any insurance company but the trick is when we claim compensation from it. One thing is that it is advisable that before any kind of commitment with any Insurance companies, we should go through the policy, terms and conditions and the offer document very carefully.

This would be beneficial on our part so that so-called catches from the relevant companies does not deceive us. Nowadays, people have become very smart and fast to choose the best and the insurance firms have become smarter to offer them lucrative dynamic offers in form of policies.

The concept of Permanent Health Insurance is a good one as because every one of us uncertain about future. May be today I am a rich person with high family values and have no worries regarding future uncertainness can be a different story after few years. We all know the proverb Life is not a bed of roses, so Prevention is better than cure. So it is always suggested to have our Permanent Health Insurance done. If we are insured, we would remain secure in our old days.Of course if we survive till date! Permanent Health Insurance is a policy that will pay you a percentage or a part of your salary when you can longer work long hours. I am not attempting to convey that there will be no riskI am only saying that your risk will be minimized if you are insured with Permanent Health Insurance.

Permanent Health Insurance can be an indispensable and important factor for most of the people. The uncertain promises of State Government and Employers should not be relied upon because in most of the cases the promises end up unsuccessfully. In fact, these institutions cannot be relied upon to provide insurance after retirement. Therefore, we have to find some reliable source that can help us when we really need it. Mostly in UK and US, some new co-operatives are emerging to provide Permanent Health Insurance. They also have Friendly Societies Directory from where UK and US citizens can find several websites link. These websites provide different Permanent Health Insurance products and policies. It is easy to make a detailed, comparative, analytical study of the available offers from there and find an authentic Permanent Health Insurance company for you and your family and get insured.