Insurance is a mutual agreement in which insurance is purchased from the insurance company by making payments on annual and monthly basis. In return, the company protects the holder from any future loss or damage. Actually, many types of insurance are done in India you can get your car, home, health, and life insurance done also. The insurance company compensates its holder for any loss or illness if he is in any dilemma. Bad luck if your car meets with an accident. If you have insured your car, then the insurance company compensates you for the loss in your car. Let us know how many types of insurance are there.
Types of Insurance in India
You can do different types of insurance in India, the list of which is given below, please read it carefully.
Car Insurance
Before buying a new car, an Indian citizen definitely thinks about his car insurance policy. If he has his car insured, then if any accident happens to his car in the future or it gets lost, then under its policy, the car insurance company provides comprehensive protection to its holder against unexpected events.
Read More: Best 10 Banks for Car Loan in India
Life Insurance
Life insurance is between an individual and an insurance company in which you pay some amount to the insurance company on a monthly and yearly basis, in return the insurance company protects your family from future losses and incidents. In the next article, we will talk about companies providing life insurance. For your information, let us tell you that there are generally two types of life insurance, which are “Whole Life Insurance Plan” and “Term Life Insurance Plan”.
Health Insurance
Apart from life insurance, there is another new type of insurance available in India which is called health insurance. In this, the insurance company provides protection to its holder against hospitalization, surgery, ambulance service, hospital accommodation, medical bills, etc. due to any illness or accident. To avail of this benefit, you will have to get your health insured for a certain period with a health insurance company. In which you will have to buy the policy of the health insurance company after paying a certain amount.
Home Insurance
It is important to have a home insurance policy to protect your home and your contents from any type of damage. This policy provides you special protection 24 hours a day. For your information, almost all Indians offer this insurance policy and it can be purchased online through many mediums.
Two Wheeler Insurance
Two Wheeler Insurance is provided to you for two wheelers because their number is more than four-wheelers. Two Wheeler Insurance insurance policy protects your bike and scooter from any kind of damage and accident. This insurance policy takes care of everything from theft of your vehicle to any accident, or any incident involving loss of keys to your vehicle on the road.
Travel Insurance
Every citizen of India is interested in traveling. If he gets his travel insurance done, then he gets the benefit of coverage from the insurance company in case of loss of luggage, passport trip cancellation, and major medical problems during the journey. You can buy it very easily through online medium and this is an important factor in its popularity.
Conclusion
In this article, you have been told about all types of insurance. In which you have been given special information about car insurance, health insurance, home insurance, travel insurance, life insurance, etc. If you are thinking of getting any kind of insurance, then you must read this author once. If you find any error in it, you can tell us through contact, we will update it as soon as possible.