Types Of Insurance

Insurance came into existence after eighteenth century and began to develop as a major form of busi-ness. This develop-ment coexists with the growth of manufactu-ring and industrial revolution.
Property-Insurance: Property insurance protects a person or business with an interest in physical property against its loss or the loss of its income-producing abilities.
Casualty-Insurance: Casualty ins-urance mainly protects a person or business against legal liability for losses caused by injury to other people or damage to the property of others.

Health Insurance: Health insurance is an insurance against the illness or injuries, or we can say that is a way of protecting oneself in case of any injuries or any type of illness. Hospitalization, prescribed medicines, doctor's fee, annual checkups etc. covers in health insurance plans and policies.
Disability Insurance: Disability insurance comes under the health insurance, when the consumer covered under disability income insurance incapable to work due to some sickness or injuries, then they get periodic payments to put back income loss. Motor Insurance: The financial loss that occurs due to repairing a vehicle or in an event of accident is covered under the motor insurance for the insured party. Every motor insurance policy from every insurance company is different, so it depends on the company policies terms that how much amount a company is bound to pay against losses in return for annual or semi annual premiums.
Life Insurance: Life insurance is a legal agreement between the insurance company and the individual, where the company agrees to pay specific amount of money at regular intervals or in lump sums.
Accident Insurance: Accident Insurance is one of the more vital insurance for a person. A part of amount will be paid to the employee covered in this policy loses his part of the body due to accident. And the amount paid is varied in case of death by accident. The types of Injuries covered and the amount paid deviate by insurer and the policy recite in the insurance policy.
Liability Insurance:
Credit Insurance:
Travel Insurance: Travel insurance covered losses incurred while traveling whether in one's own country or abroad. The most common risks that are covered by Travel insurance are medical expenses, delayed departure etc.