The major ones are, Life insurance Health insurance Fire insurance Vehicle insurance Disability insurance Property

insurance Travel insurance

Before that u must know wat is insurance,it is a type of monetary assurance to the thing which is assured.So insurance are of two types ,life &general,life are usually carry to compensate the sudden monitary loss occured because of some accidents .Life insurance are only one type before the entry of pvt insurance companies in India.It was owned by the LIC of india Life insurance now adaus a lot of types,life ,non life,mutual funds, child gain ,invest gains etc.The name for each product for each company are different.According to the company it changes Now a days marriages are also insured ,BAJAJ ALLIANZ is the company who dvp this marriage insurance inIndia

Currently in India it is LIC most trusted brand. In case of financial crisis of LIC, Your money is guaranteed by Government of India.

Vehicle insurance (also known as auto insurance, gap insurance, car insurance, or motor insurance) is insurance purchased for cars, trucks, motorcycles, and other road vehicles. Its primary use is to provide financial protection against physical damage and/or bodily injury resulting from traffic collisions and against liability that could also arise therefrom. The specific terms of vehicle insurance vary with legal regulations in each region.

TYPES OF INSURANCE
(A) LIFE INSURANCE :

Term Life Insurance Permanent Life Insurance

(B) GENERAL INSURANCE

Fire Insurance Marine Insurance Accident Insurance

(A)Life Insurance
Life Insurance is a contract providing for payment of a sum of money to the person assured or, following him to the person entitled to receive the same, on the happening of a certain event. It is a good method to protect your family financially, in case of death, by providing funds for the loss of income.

A1. TERM LIFE INSURANCE : Under a Term Life contract, the insurance company pays a specific lump sum to the designated beneficiary in case of the death of the insured. These policies are usually for 5, 10, 15, 20 or 30 years. Term life insurance are the most popular in advance countries but were not so popular in India. However, after the entry of the private operators and aggressive marketing by few players this kind of policies are becoming popular. The premium on such type of policies is comparatively quite low when compared with other types of life insurance policies, mainly due to the fact that these policies do not carry cash value.

PLUS OF TERM LIFE INSURANCE

MINUSES OF TERM LIFE INSURANCE

- If one survives the period of the policy, he / she does not get any money at the end of the - The premium payable on these policies is low policy. as they do not carry any cash value. The premium on such policies keeps on - One can afford for quite high value insurance increasing with age mainly because the risk of policies death of older people is more. Over the page of 60, these policies become difficult to afford.