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What are the basic types of insurance?

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What are the basic types of insurance

What are the basic types of insurance?

Basic types of insurance – There are SIX main basic types of insurance.

Health Insurance,
Motor Insurance,
Two-wheeler Insurance,
Life Insurance,
Travel Insurance,
Home Insurance,

Health insurance is needed for an individual, Because all we know life is uncertain and at this time it is too hard to maintain a bill of the hospital. So buying and health policy is always a smart move.

Motor and two-wheeler insurance is now mandatory to buy in India.

Life insurance is also beneficial, It gives benefits before and after your life.

Travel insurance is beneficial when you travel outside, If you buy this insurance you will get its health benefits outside India in any country.

Home insurance is beneficial for your home, You will get all coverage if any bad hits to your home.

 

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