|Types of Insurance-Healthtipbd|
In simple terms, insurance money contracts.In book terms, insurance is a bilateral contract or an agreement between two parties.The contract entered into by the customer with the company for a specified period is called insurance.
Types of Insurance
Mainly there are three types of insurance.
- Life insurance.
- Health insurance.
- General Insurance.
Life Insurance: Life insurance ensures financial security of people's lives.
Health Insurance: Health insurance is a type of contract that provides security to the insured against the medical expenses incurred in the event of an accident, illness or critical illness.
General Insurance: Human assets such as; Ensures safety of cars, houses, factories, etc.
We include all insurances except life insurance in general insurance. So let's see...
how many types of general insurance.
Basically, we divide general insurance into 6 categories.
- Health Insurance
- Accidental Insurance.
- Travel Insurance.
- Building insurance
- Fire Insurance.
- Property Insurance
So from today there will be no doubt in anyone's mind about the types of insurance. I have tried to present the types and types of insurance in a very nice way, but if you know more than that, then you can tell me in the comment box below, thanks.