8368-772-607
Types of Insurance Policies
There are various types of insurance policies available in India for individuals, families, elderly and groups:
Looking for Insurance?
Looking for Insurance for Yourself, Family, Parents or Employees. Contact us for best quotes.
Life insurance provides financial security to the policyholder’s family in case of their demise. It ensures that dependents receive a lump sum or periodic payouts to cover expenses, liabilities, and future needs. Popular plans include Term Insurance, Whole Life Insurance and Endowment Plans.
Health insurance covers medical expenses incurred due to illness, accidents, or hospitalization. It reduces financial strain by covering costs like doctor consultations, hospital stays, surgeries, and medicines. Plans include Individual Health Insurance, Family Floater, Critical Illness, and Senior Citizen Health Insurance.
Mandatory for vehicle owners, motor insurance protects against financial losses due to accidents, theft, or damage to the vehicle. It includes Third-Party Insurance (compulsory by law) and Comprehensive Insurance, covering both own damage and third-party liabilities.
Home insurance safeguards against losses due to natural calamities, theft, fire, and other damages. It covers the structure and contents of the house, providing financial relief in case of unforeseen disasters like earthquakes, floods, or burglaries.
This insurance provides coverage for travel-related risks, including medical emergencies, flight cancellations, lost luggage, and passport loss. It ensures a stress-free journey, whether domestic or international, by covering unexpected financial burdens during travel.
Business insurance protects companies from financial losses due to property damage, liability claims, employee-related risks, and business interruptions. Policies include Fire Insurance, Marine Insurance, Professional Indemnity, and Liability Insurance for business continuity and risk management.
This policy provides financial compensation in case of accidental injuries, disability, or death. It covers medical expenses, hospital stays, and loss of income due to temporary or permanent disability, ensuring financial security for the policyholder and their family.
Designed for farmers, crop insurance protects against losses due to natural calamities, pests, and diseases. Government-backed schemes like the Pradhan Mantri Fasal Bima Yojana (PMFBY) ensure farmers receive compensation for crop failure, stabilizing their income.
Marine insurance covers goods, cargo, and vessels against losses or damages during transit via sea, air, or land. It safeguards businesses involved in imports, exports, and shipping from financial risks due to accidents, theft, or natural disasters.
Liability insurance protects individuals and businesses from legal claims due to third-party injuries, damages, or negligence. Common types include Public Liability, Product Liability, Professional Indemnity, and Employer’s Liability Insurance, ensuring protection against lawsuits and financial risks.