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| Broadly can be classified into: Life Insurance and General Insurance. The following list goes a bit more in detail. The following list may be a small repeatation at times because of the complex nature of classifying. |
Life Insurance - gives cover against the loss to the deceased's family or the pre said nominee by the way of making up the lost income due to the persons death.
Automobile(or Auto or Motor or Car) insurance - gives cover against the possible loss to the driver and the vehicle.
Property insurance - gives cover against possible losses to a property..
Liability insurance - Covers the possible losses due to legal claims.
Health Insurance - covers the expenses of medical bills in case of sickness to the insured party.
Travel Insurance - covers the various losses that may occur during a travel.
The types covered here is very limited in nature and there exists inumerable types of insurances. If the insurance company is willing to give the cover against any loss and the government is ready to grant the permission, an insurance can be given against any type of loss. |
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