Thursday, 23 January 2014

Insurance policy for doctors and other professionals



Life is full of uncertainty. Various professionals, like doctor, executive, attorney, dentist etc, need to work in their workplace under some rules of safety. It cannot be denied that, there is still risk of an accident. Uncertainty of life and risk in the workplace can be the reasons of tension. Insurance plans are designed to provide some assurance and security at some crucial moments of life. It is particularly a type of contract, which exists between an insurance policy holder and an assurer. If it is a life insurance, generally the main clause is that, the designated beneficiary will be given a sum of money in return of a premium. This will be given after the death of the insurance policy holder. 
Life Insurance for Doctors is an insurance policy, especially designed for doctors. They are convenient, flexible and secured. The rate of the policy can be differed from company to company. However the main aim is common for all of them, that is to ensure a secured future and to remove the worry of money at the crucial moment of a doctor’s family by providing them a sum of money. A professional doctor can choose his preferred policy to ensure that his family will be taken care and the instalments of his children’s university. Considerably this is one of the best way in which he can utilize his money.
In the event of an unexpected disability of any professionals, Disability Insurance for Professionals can be a consoling factor for their family’s present and future. This is a protection strategy for a professional or his family. Every profession has its own technical side and methods. Generalization of plan is therefore useless in case of insurance plan for professionals. In addition, the government of a country has also particularized some professionals as special. Several insurance companies have arranged various policies, according to the technicality of a particular profession. As a result, any professional will be able to choose a secured and reliable insurance plan.  
However, whether it is Disability Insurance for Professionals or Life Insurance for Doctors, it requires following steps to be followed:

a)      Requesting an insurance quote
b)      Receipt of the designated proposal
c)       Completion of the form providing required information
d)      Sending it via email, post or fax ( sending method can be suggested by the insurance company, if not, then it is reasonable to send the complete form the way the form was received)
e)      Processing of the application (this can include checking the health condition, verifying  the occupation and the earned income from it)
f)       Implementation of the policy if approved

As this is a contract, therefore some ideas regarding contract may be helpful. Contracts are mutual agreeing between two parties on certain terms with the intention that breach of any of those terms can be enforced in court. The court may reward damage or specific performance of the contract. Discussion should be taking place to remove any confusion. Otherwise, after signing the written document, every term will be included in the contract. There can be exclusion clauses as well.   
To conclude, insurance policies are better way to utilize a person’s money to secure a better future for him and his family.
About the author:
 just visit http://www.omnimedfinancial.com/ for more information.

No comments:

Post a Comment