Insurance is a way to manage your risk. When you buy insurance, you purchase protection against unexpected financial losses. The insurance company pays you or someone you choose if something bad happens to you.

a. General Insurance – E.g. Car Insurance, Two Wheeler, Home Insurance Etc.

b. Health Insurance – Health Insurance is a kind of insurance that provides coverage for medical expenses to the policy holder. Depending on the health insurance plan chosen the policy holder can get coverage for critical illness expenses, surgical expenses, hospital expenses etc. E.g. Mediclaim, Family Health Plan Etc.

c. Life Insurance - Life policies are legal contracts and the terms of the contract describe the limitations of the insured events. The person responsible for making payments for a policy is the policy owner, while the insured is the person whose death will trigger payment of the death benefit.