Tuesday, March 25, 2008

About Health Insurance

health insuranceInsurance in its basic principle is transferring or distributing risk.

Early methods of transferring or distributing risk were practiced by Chinese and Babylonian traders as long ago as the 3rd and 2nd millennia BC, respectively. They developed a system which was recorded in the famous Code of Hammurabi, c. 1750 BC, and practiced by early Mediterranean sailing merchants. If a merchant received a loan to fund his shipment, he would pay the lender an additional sum in exchange for the lender's guarantee to cancel the loan should the shipment be stolen. This is insurance at the ancient time.

Present day, this risk distribution or what so-called as insurance has become a major business, objects of insurance are no longer limited to physical things such as inventories, house, and plants, but people health, life are covered too. There are many main categories when its come to insurance, there is vehicle insurance, home insurance, life insurance and health insurance. EZ insurance portal is an insurance portal that covers most major lines of insurance as mentioned earlier.

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