Type of Insurance
An assortment of insurance, we consider categorized into 2 types;
1. An assortment of insurance under the Insurance Department.
2. An assortment of insurance in accordance with the insurance industry.
An assortment of insurance under the Insurance Department, can be classified into three major categories;
1. Insurance of the person is insurance on the risks that cause damage concern to a person or damage to a person as following;
1.1 Life insurance
1.2 Personal accident insurance
1.3 Health Insurance
2. Property Insurance is insurance contract insurers agree to indemnify or reimburse the amount of the insured in case of damage to the property insured as following;
2.1 Fire insurance
2.2 Car Insurance
2.3 Marine and transportation insurance
2.4 Miscellaneous insurance
3. Liability Insurance is the insurance company agrees to indemnify the insurer contracts or pay a sum of money to an individual who has been damage to life or property of a third party, arising from the acts of the insured as following;
3.1 Insurance individual responsibilities to others.
3.2 Insurance individual responsibilities to others.
3.3 Liability insurance business to others.
An assortment of insurance in accordance with the insurance industry can be classified into 2 major categories;
1. Life Insurance
2. Non-Life Insurance
It will cover any non-life insurance, which is divided into 4 categories.
2.1 Fire insurance
2.2 Car Insurance
2.3 Marine and transportation insurance
2.4 Miscellaneous insurance
tag
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