Insurance And Its

Types
A Presentation by :
ABIVARSHNI. G
ARAVIND. S
BHAVANYA. R.
SANJAY. G
SIVA SANJITH. S
01
Highlights
02
Introduction

03 02 Life Insurance

Automobile Insurance

Health Insurance
04
Home Insurance

Educational Insurance
05
 The Insurance Act of 1938
was the first legislation
governing all forms of
insurance to provide strict
state control over insurance
Definiton business.

The importance of Insurance :

Protection for you & your
family
Purpose Reduce stress during difficult
times.

Importance To enjoy financial security

Peace of mind.
A legacy to leave behind.
Principles
Of Utmost good faith

Insurance Insurable interest

Indemnity

Subrogation

Contribution
 Types of Life Insurance

Insurance Automobile Insurance

Health Insurance

Home Insurance

Educational Insurance
Life Insurance
Life insurance is a contract between
an insurance policy holder and an
insureror assurer, where the insurer
promises to pay a designated
beneficiary a sum of money in
exchange for a premium, upon the
death of an insured person.
 Why choose Life Insurance plan?

Financial protection for family

Critical illness benefit
Tax deductions
Peace of mind
Extensive coverage at low cost
Opportunities to create wealth
Financial planning for life.
Planning for child's higher education
Assured income for retirement.
Types of Life Insurance Plans

Term Insurance

Unit Linked Insurance Plans (ULIPs)

Child Plans

Endowment Plans

Retirement Plans
Why by Life Insurance Policy
online?

Transparency
Convenience to compare plans
Secure payment mode
Easy life insurance policy renewal
Automobile
Insurance
Vehicle insurance is insurance for cars,
trucks, motocycles and other road vehicles.
Its primary use is to provide financial
protection against physical damage or bodily
injury resulting from traffic collisions and
against liability that could also arise from
incidents in a vehicle.
 What is Car Insurance?
A comprehensive car insurance policy, also known as motor package insurance, saves
you money when your car is damaged in an accident or natural calamity. It also covers
your vehicle against theft and burglary. At times, you may end up hurting others or
damaging property in an accident. A car insurance policy covers such third party
liabilities as well. If you own a car in India, having third party insurance is a must for
you. That’s why it’s crucial to buy and renew your policy on time to stay on the right
side of the law and be covered against car damages. At an affordable premium, our
reliable car insurance policy protects you against all these risks so that you can drive
worry-free.Apart from comprehensive car insurance, third-party only and own-
damage only car insurance policies are also available. You can choose the policy type
as per your needs.
 Why should You buy a Comprehensive Car
Insurance Policy?

Third-party car insurance is mandatory.

Saves you from traffic fine.
Provides perosnal accident coverage for owner driver.
Gives easy access to cashless garages.
Covers damanges to the car.
Covers your car against threat.
What are the different types of Car Insurance
Policy?

Private car package policy

Stand-alone own-damage car

insurance

Third party car insurance

Health
Insurance
Health Insurance is an insurance
that covers the whole or a part of
the risk of a person incurring medical
expenses, spreading the risk over
numerous persons.
Types of Health Insurance In India

Indeminity Plans : Definite benefit plans :

Individual Hospitalization
Family floater Cash Benefit

Senior citizen Personal accident

Mediclaim plan

Unit linked health Critical illness

plans plan
Why is Health Insurance important?

Savings

Security of family's health

High medical costs

Lifestyle changes
Features of Health Insurance

Coverage
Renewal discounts
Co-payment

Tax benefits

Flexibility
Benefits of Health Insurance

Financal Security
Domiciliary treatment
Free health check-up

Tax benefits

Coverage against
critical illness
Home
Insurance
Home Insurance also commonly
called homeowner's insurance, is a
type of property insurance that
covers a private residence.
 What is Home Insurance?

As the name suggests, a home insurance policy offers

comprehensive protection to the contents and structure of your
house against any physical destruction or damage.

In other words, home insurance will provide coverage against any

natural and human-made calamity, such as fire, earthquake,
tornado, burglaries, and robbery.
 Types of Home Insurance Policy

Home structure / building insurance

Public liability coverage
Standard fire and special perils policy
Personal accidents
Burglary and theft insurance
Content's insurance
Tenant's insurance
Landlord's insurance
Education Insurance
Education Insurance is an
insurance protecting students
attending cost-intensive
educational instituitions- schools,
colleges and universities- from the
financial loss that may result from
the student's withdrawal from his
or her studies.
 What are Child Education
Insurance Plans?

Child Education Insurance Plans are insurance plans that

take care of your protection and savings needs for
securing the future of your children. As a parent, one of
your most important goals would be to make sure that
your children have a bright future and lead their lives
comfortably. These solutions can help you achieve that by
saving for your children’s higher education at a prestigious
university.
 Why do you need a Child
Education Insurance Plan?

A Child Education Plan is an insurance policy that offers protection

as well as an opportunity for saving money to ensure a secure future
for your child.
It makes sure that your child receives the education he/she desires
with a lump-sum payout at maturity or when any unfortunate event
occurs to you.
It acts as a safety net to make sure that your child’s education does
not get affected even if you are not around. In case of an unfortunate
event, your child receives the life cover.
 Features of a Child Plan

Lump-sum benefits

Waiver of premium

Partial withdrawals

Tax benefits

Loyalty addition and Wealth booster

 Types of Child Educational
Insurance Plan

Child ULIPs

Child savings plans

 Conclusion
Be it life insurance, health insurance or general
insurance, we can buy an insurance policy offline as
well as online. Just like there are insurance agents who
will help us buy a policy, there are websites that allows
us to buy a policy from. Ensure that you have done your
research before choosing and investing in an insurance
policy.