Types of Insurance Policies

• There are several types of Insurance Policy available in the market
• Choose the best policy as per your requirement
• Review insurance company background before you buy any policy

Various Types of Insurance

Basically, insurance is of two types

1. Life Insurance
2. General Insurance 

Some of the Types of Insurance Policy are listed below

1.) LIFE INSURANCE

• Life Insurance relating to a contract regarding the life of any person under which he or his heir in the event of his death, will be paid a particular amount in case of the specified amount is paid in installment on the basis of his age ....Read More....

Endowment Life Insurance (Without ADB) life insurance wherein a designated premium amount has to be paid for a fixed period of time After payment of the premium amount for the prescribed period of time, in case of insurance has been done allowing for participation in ....Read More...

Endowment Life Insurance (With ADB) type of Endowment Life Insurance in case an insured person dies as a result of the accident, the insurance sum as well as an additional amount on behalf of accident insurance is also paid for This privilege is not offered in case death arises from any  ...Read More...

Whole Life Insurance premium amount is determined for a fixed period of time premium has to be paid for a designated period In case the insured expires within the insurance period, a cumulative amount is paid to the person so desired by the insured or his/her ....Read More...

Anticipated Life Insurance definite fixed amount of money is reimbursed to the insured in the designated period in between the insurance period This insurance can be activated only by participating in the profits accrued This insurance can be done for periods of 15, 20 or 25 years  ...Read More.....

Children's Education & Marriage Endowment Insurance is adopted for the management of necessary amount required for the education and marriage of children so as to ensure their bright future in case the insured dies prior to the maturity of the insurance period, the child so desired gets the cumulative insurance sum and   .....Read More....

Term Life Insurance insurance of a larger sum can be made through a small amount of premium no amount shall be refunded in case no claim is made in that respect Generally, this insurance is done for a period of one year The time-bound life insurance comes in two types .....Read More....

Collective Endowment Life Insurance Any of the associations or institutions may collectively ensure their employees for a fixed period of time and for a fixed amount as a fringe benefit with a view to attract the employees to their work and to ensure for their better financial future  .....Read More...

Jeevan Sathi Beema refers to the life insurance of both Husband and Wife by a Single Policy wherein a designated premium amount has to be paid for a fixed period of time After payment of premium for the prescribed time period, then the total bonus amount along with the insurance sum is .....Read More.....

2.) NON LIFE INSURANCE (General Insurance):- Non-Life Insurance is a contract regarding other than life. ‘General Insurance Business’ as fire, marine or miscellaneous insurance business whether carried on singly or in combination with one or more of them ....Read More....

• CLICK HERE FOR TYPES OF NON-LIFE INSURANCE (General Insurance)
• CLICK HERE FOR TYPES OF MISCELLANEOUS INSURANCE