Aussie Insurance
My best friend from college moved to Australia after graduation and went to work for an insurance company out there. From what he has been telling me, it seems that insurance is the same the world over. The concepts are identical and the coverages are too. The only difference seems to be the names.
In Australia, life insurance is referred to as aussie life plan and accident insurance is referred to as accident cover. Just like in the States, premiums are paid, coverages are pre-defined and all types of insurance coverage plans are made available, even funeral cover.
Insurance has become part of everyday life in all corners of the civilized world. Although insurance premiums are something that most people don’t like paying, the comfort of knowing that you are “covered” often makes it worth every penny.