Important Categories Of Insurance !

[sandytata04]

Insurance policies are generally divided into two major categories; life insurance and general insurance respectively. Life insurance policies offer life coverage whereas general insurance policies protect physical assets like automobiles, home, property etc. Just like every person wishes for security and financial assistance for his family even after his death and assures the same happens by opting for a life insurance plan; the same way precious belongings too can be protected from uncertain incidents through general insurance.

[Chaim Witz]

1 - Health Insurance - Health Insurance protect you and your family from the unforeseen health hazards like accidents, sickness and personal injury.

2 - Car Insurance - Car Insurance protects your vehicle from situations like theft, riots, natural calamities and accidents.

3 - Travel Insurance - Travel Insurance Policy is essential part of traveling abroad because it covers all the aspects of their trip to abroad.

[MahindraI]

4 - Mediclaim/Medical Insurance - It covers hospitalization expenses due to sickness or accident. Taking out such a policy will ensure that you don’t face a financial burden on account of such hospitalization.

5 - Liability Insurance - This policy covers the amount which the insured becomes legally liable to pay as damages to third parties as a result of accidental death, bodily injury, loss or damage to the property belonging to a third party.

6 - Marine Insurance - This policy covers goods, freight and other interests against loss or damage to goods whilst being transported by rail, road, sea and/or air.

[anajking]

7- Disability Insurance covers your ability to work. Means it will help you financially when you are not able to work.
8 - Homeowners Insurance covers damage (fire, theft, accidents)to your property.

[tonystark]

9. Maternity Insurance - It covers medical expenses associated with pregnancy and delivery.