What are the various types of insurances?
The insurance sector is classified into Life and Non-life (or General insurance as we know it).
Under Life insurance, an individual's life is covered i.e., the insured's nominee receives a certain sum of money if the insured individual dies within a specified time.
Under General Insurance, everything but an individual's life is covered. Thus, an individual could insure himself for his health, home, automobile, travel, office, shop, and even pets.
Source: SBI Life Insurance