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You can also insure your cash and bank draft | Finance & Business

You can also insure your cash and bank draft | Finance & Business अपने कैश और बैंक ड्राफ्ट का भी करा सकते हैं बीमा
You can also insure your cash and bank draft
You must have heard about life insurance, accident insurance, term insurance, but do you know that you can also insure the cash you have? Many types of insurance available in the market include cash insurance, under which you can insure your cash. If you lose money after taking this insurance, you will be entitled to the sum assured.
Why is cash insurance important
This insurance is for people who keep a lot of money in their home or who transfer a large amount from one place to another, such as big traders. When people carry a large amount of cash to the bank, post office, office or any other place, they are afraid of theft or robbery. Keeping cash at home can also be dangerous, as money is also stolen from homes. In such a situation, people can ensure the safety of their money by taking money insurance or cash insurance.
Money includes all this
The definition of money under this insurance includes coins, bank and currency notes, bank drafts, treasury notes, checks and postal orders and postage stamps in circulation.
Loss will be compensated under these circumstances
Loss under these circumstances is covered under money insurance.
If a person is going to withdraw money from the bank to pay salaries to the employees of his factory and rob him of money on the way, then the loss under this insurance will be repaid. If the person is going to deposit cash from his home or office in the bank and loot the money from it, then the loss under the insurance can be repaid.
If you have kept a large amount of money in the vault of your house for one night or because of a bank holiday and someone steals it by stealing it, you will still get the sum assured.
If a banking institution is going to deposit cash in the ATM and the money is stolen along the way, then you can compensate this loss through cash insurance.

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