What is insurance policy and its types?

Overall, general insurance comprises different types of insurance policies that offer financial protection against losses incurred due to liabilities such as bike, car, home, health, and similar. These various types of General Insurance Policies include: Health Insurance. Motor Insurance. Home Insurance.

What are the 7 types of insurance?

7 Types of Insurance

• Life Insurance or Personal Insurance.
• Property Insurance.
• Marine Insurance.
• Fire Insurance.
• Liability Insurance.
• Guarantee Insurance.
• Social Insurance.

How many types of insurance policies are there?

Broadly, there are 8 types of insurance, namely:

• Life Insurance.
• Motor insurance.
• Health insurance.
• Travel insurance.
• Property insurance.
• Mobile insurance.
• Cycle insurance.
• Bite-size insurance.

What are the 5 main types of insurance?

5 Different Types of Insurance Policies & Coverage That You Need

• Health Insurance.
• Car Insurance.
• Homeowners or Renters Insurance.
• Life Insurance.
• Disability Insurance.

What are the 3 main types of insurance?

Insurance in India can be broadly divided into three categories:

• Life insurance. As the name suggests, life insurance is insurance on your life.
• Health insurance. Health insurance is bought to cover medical costs for expensive treatments.
• Car insurance.
• Education Insurance.
• Home insurance.

What are two types of insurance?

There are two broad types of insurance:

• Life Insurance.
• General Insurance.

What are 2 types of insurance?

Here are eight types of insurance, and eight reasons you might need them.

• Health insurance.
• Car insurance.
• Life insurance.
• Homeowners insurance.
• Umbrella insurance.
• Renters insurance.
• Travel insurance.
• Pet insurance.

What are the six general types of insurance?

Six common car insurance coverage options are: auto liability coverage, uninsured and underinsured motorist coverage, comprehensive coverage, collision coverage, medical payments coverage and personal injury protection. Depending on where you live, some of these coverages are mandatory and some are optional.

What are the four types of insurance?

Search for an answer or ask Weegy. The four types of insurance are health, life, homeowner’s, and automobile insurance.

What are the different types of insurance?

There are a great many different types of insurance, with health insurance, automobile insurance, life insurance, and homeowner’s insurance among the most common. No matter the type of insurance, an insurance policy usually consists of six sections: declarations, definitions, lists of covered items, exclusions, conditions, and endorsements.

What are the different types of life insurance policies?

Types of Life Policies. Several different types of life insurance policies are available, including whole life, term life, variable life, and universal life. Whole life offers both a death benefit and cash value but is much more expensive than other types of life insurance.

What are the types of insurance products?

Product Types. Insurance products include a wide range of solutions. Common insurance products include home, auto, life, health, dental, mortgage and asset protection.