If you find an accident and have health insurance, they will take care of your hospital bills. That is the general purpose of insurance. Insurance is first and foremost a type of risk management, which mainly serves to avoid the dangers / risks of a client. However, the Australian insurance market is quite well designed and refined, as it is divided into three parts. These are life insurance, health insurance and general insurance on how to protect your business against claims for damages.
Life insurance is a type of insurance that provides financial benefits to the assigned beneficiary. either a family member, a loved one or a client selected by the client. An example of life insurance in Australia is AMP Limited. The company was founded in 1849 on a mutual basis and today is one of the most important asset management industries in Australia. They serve at least 3.4 million customers and a number of 820,000 shareholders. In June 2009, they had accumulated assets of AUD104bn. ING or International Netherlands Group in Australia has many good services and packages that adapt to the needs of different people. You have EasyProtect economic life insurance that covers deaths such as illnesses or related injuries. This may be required to settle your remaining debts and to cover your family’s expenses.
Generalized insurance worldwide, including Australia, is health insurance. They are the ones who answer the bills when it comes to medical care, such as: Dentistry, hospital and other types of medical categories. They often come with an employment contract. Medibank Private is a leading health insurance company that covers up to thirty-three percent of the health insurance market. They offer a range of health insurance policies tailored to the needs and budget of a client. Health insurance protection, which allows you to select your preferred hospital and doctor and how quickly you want to receive treatment. Additional insurance covers your dental treatment, optical care and physiotherapy. But there is also a package coverage, which includes the hospital and additional coverage in a package.
Meanwhile, general insurance policies are those other insurance policies that include civil liability, travel, cars and business. In other countries, these insurances are not classified as general insurances, they would have other classes. Where they are simplified as in Australia and classified in the category of general insurance. It is also divided into two classes: civil liability insurance, which mainly consists of car insurance, commercial insurance, employee compensation, etc. Other property insurance consisting of the contents of the house / apartment, travel and motor vehicles. An example of an Australian general insurer is Allianz Australia. They are the fourth largest general insurance companies on the continent. They have 2 million insured and a fixed asset of approximately $ 4,600 million. They also have several secondary brands, including Marine Club, one of the main insurers of pleasure boats, the life of the Alliance, where they support customers by offering life insurance products to meet the needs of a good lifestyle.