What are the various types of insurances?
The insurance sector is classified into Life and Non-life or General insurance
Under Life insurance, an individuals life is covered. In simple terms, the insureds nominee will receive a certain amount of money from the insurance company if the insured individual dies within a specified time.
Under General Insurance, everything is covered. Thus, an individual could insure himself for his health, property, vehicle, travel, office, shop, education and even pets.
