7 Types of Insurance

By | February 13, 2021

7 types of insurance; Life or personal insurance, property insurance, marine insurance, fire insurance, credit insurance, warranty. Insurance is divided into risk, type and risk. 7 types of insurance 7 types of insurance activities ยท Life insurance or personal insurance. Property insurance. Maritime insurance. Fire insurance. Credit insurance. Umshuwalense wewaranti. Public insurance. This is described below. Life insurance Life insurance is different from other insurance, in which the subject of insurance is a person’s life.

The insurance company pays a limited amount of insurance at the time of death or at the end of a certain period. Today, life insurance is fully utilized because life is the most important asset for this person. Everyone needs insurance. This insurance protects the family in the event of premature death or provides a sufficient amount of old age when working capacity is reduced. For personal insurance,

it is paid in the event of an accident. Insurance is not only a protection, but also a type of investment, because a certain amount can be reimbursed by the insurer in the event of death or expiration. Related: Life insurance bonus: description, features, types General Insurance General insurance includes property insurance, credit insurance and other types of insurance. Fire and sea insurance is called property insurance.

Car insurance, theft, dishonesty and car insurance cover a certain amount of credit insurance. Relevant: 4 Differences between insurance and trust Insurance compensates the insurer by insuring the insurer to pay insurance in front of a third party. Property insurance The property of individuals / persons under property insurance is protected against certain risks.

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