A detailed guide about different Types of Insurance Policies in over the world. In life, unplanned expenses are a bitter truth. Even when you think that you are financially secure, a sudden or unforeseen expenditure can significantly hamper this security. Depending on the extent of the emergency, such instances may also leave you debt-ridden.
While you cannot plan ahead for contingencies arising from such incidents, insurance policies offer a semblance of support to minimise financial liability from unforeseen occurrences.
There is a wide range of insurance policies, each aimed at safeguarding certain aspects of your health or assets. Broadly, there are 8 types of insurance, namely:
1. Life Insurance
2. Motor insurance
3. Health insurance
4. Travel insurance
5. Property insurance
6. Mobile insurance
7. Cycle insurance
8. Bite-size insurance