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Insurances and other financial products

Insurance can help give you protection and peace of mind in many situations. There are lots of different types of insurance, so you can cover everything from your car to your pet!

Health insurance
Health insurance covers medical bills incurred because of sickness or accidents.
Life insurance
Cover to ensure your loved ones are financially provided for, if the worst should happen to you.
Loan
A loan is a type of debt. Like all debt instruments, a loan entails the redistribution of financial assets over time, between the lender and the borrower. The borrower initially receives an amount of money from the lender, which they pay back, usually but not always in regular installments, to the lender. This service is generally provided at a cost, referred to as interest on the debt.
Mortgage
A mortgage is a device used to create a lien on real estate by contract. It is used as a method by which individuals or businesses can buy residential or commercial property without paying the full value upfront. The borrower (also called the mortgagor) uses a mortgage to pledge real property to the lender (also called the mortgagee) as security against the debt(also called hypothecation) for the rest of the value of the property.
Credit card
A credit card user is issued the card after approval from a provider, in which they will be able to make purchases from merchants supporting that credit card up to a prenegotiated credit limit.
Real estate
Real estate is a legal term that encompasses land along with anything permanently affixed to the land, such as buildings. Real estate is often considered synonymous with real property (also sometimes called realty), in contrast with personal property, chattel, or personalty. However, for technical purposes, some people prefer to distinguish real estate, referring to the land and fixtures themselves, from real property, referring to ownership rights over real estate.


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