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.
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