Insurance is a form of risk management primarily used to hedge against the risk of a contingent or uncertain financial loss. Insurance is broadly classified as LIFE, NON- LIFE, and HEALTH Insurance. The insurance industry is full of various Insurance schemes which cover different types of Insurable interests. Here is a broader look at the types of insurance schemes.
Life insurance offers the dual advantage of risk management and investment. Key benefits of life insurance include protection for the family, Child's education and planning for life stages needs etc.
NON-LIFE Insurance (General Insurance) Insures Assets like HOUSE, SHOPS, MOTORS, COMMERCIAL ESTABLISHMENTS and LEGAL LIABILITIES etc., whose lost or damaged can be ascertained in terms of financial value.
Health Insurance provides coverage for all healthcare needs and medical expenses incurred by an insured person.
Any person can meet with illness, bodily injury, or any accident...
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