Insurance is defined as a social system to reduce the risk to which the individual is exposed by pooling similar risks and distributing the financial burdens that incurred on achieving them on all participants, and these noble human meanings were clearly manifested in the first forms on which insurance activities were carried out, such as the burial societies of the ancient Egyptians and the system Insurance of convoys in the winter and summer trips at the Arabs.

Because insurance is a means to protect you from damage and losses resulting from the risks that you are exposed to by transferring the impact of those risks to the insurance company.

Step 1: Determine your annual expenses - Step 2: Evaluate the assets you own and total household income - Step 3: Determine how much you can pay per month, quarter-yearly, half-yearly, or yearly - Step 4: Determine your insurance needs which type of insurance do you need, do you need to cover the death risk? or Disability? Does the insurance policy include a savings component besides death coverage? What is the insurance period? - Step 5: Meet your needs as provided by insurance companies - Step 6: Choose the policy that suit your financial capabilities

Yes you can if you return the policy to the company office within 15 days from the issue date.

Individual insurance available in the market has many individual insurance policies according to the coverage that meets the needs of the vast majority of insurance customers, the most important of which are: 1) Term Assurance: covers the death risk only, is the simplest types of life insurance, is temporary for a specified period of time, this insurance has no liquidation value is only for protection, covering death for any reason. This insurance cost is very simple and has high protection. 2) Endowment Assurance: The sum assured paid in case of death or survival until the end of the insurance and the insured also benefits by a percentage of investments achieved by insurance companies and is therefore called insurance with the participation in profits. 3) Group insurance: means the insurance of a group of individuals (usually working in one business), which can cover death or survival up to a certain age or both, as well as the total permanent disability of the service, the contractor in this insurance is the employer. The terms and benefits between the contractor and the insurance company shall be agreed upon in return for premiums paid by the contractor whether the payment is borne by the worker or the employer or both, and this insurance is considered by the employers as an additional advantage to encourage workers to increase the bid and continue to work.

Medical insurance in our time has become one of the basic and essential types of insurance, which plays an important role in the life of human beings and societies, and in light of the continuous and noticeable increase in the prices of medicines and medical services, it is noted that there is a strong demand by the institutions and companies working in the Egyptian market on this type of insurance coverage by employees and their families in order to raise those companies and institutions on the cost of the expensive treatment costs incurred in the treatment of their employees.