Types of insurance business

Hello Readers, Welcome to the AssamJobs.in Website. Here is we discuss types of Insurence Business related Information. Do you know about Insurence or Insurence Business? If yes then great. If No, then don’t worry. Here is we discuss deeply Insurence Business.

What is an insurance?

Insurance is a thing to protect against Possible eventualities. Or An arrangement which will provide through specific company or state and undertake to guarantee for a specific illness, any damage or death in return for the payment of a specified premium.

What is the insurance business?

Insurance Bussiness protect companies from losses due to events that may occur during some course of business. There are so many different types of business insurance are including property damage, legal liability and employee-related risks.

Related: Insurance: Importance, Types and Benefits

Types of insurance business:

There are so many different types of Insurence are available, but the first 5 types of business insurance are most important. They are given below:

  1. Professional liability insurance.
  2. Property insurance.

  3. Product liability insurance.

  4.  Vehicle insurance.

  5. Business interruption insurance.

  6.  Workers’ compensation insurance.

  7.  Home-based businesses.

  8. Life Insurance or Personal Insurance.
  9. Marine Insurance.
  10. Fire Insurance.
  11. Liability Insurance.
  12. Guarantee Insurance.
  13. Social Insurance.

Types Of Health Insurence:

  1. Traditional Health Insurance

  2. Fee-for-service

  3. Preferred Provider Organizations (PPOs)

  4. Point-of-Service (POS)

  5. Managed care

  6. Health Maintenance Organizations (HMOs)

Best Health Insurance Policies in India (By Top Health Insurance Companies)

  1. Max Bupa Health Insurance
  2. HDFC ERGO Health Insurance
  3. Bharti AXA Health Insurance
  4. SBI Health Insurance
  5. Bajaj Allianz Health Insurance.
  6. Reliance Health Insurance.
  7. National Health Insurance.
  8. TATA AIG Health Insurance.
  9. Royal Sundaram Health Insurance
  10. ManipalCigna Health Insurance.

What type of  Insurence should a small business have?

  • Professional liability insurance. 
  • Property insurance. 
  • Product liability insurance.
  • Vehicle insurance.
  • Business interruption insurance
  • Workers’ compensation insurance. 
  • Home-based businesses.

Final Words

You can purchase an insurance policy offline as well as online, whether it is life insurance, health insurance or general insurance. Just as there are insurance agents that will assist you to purchase a policy, there are websites from which you can purchase a policy. Before selecting and investing in an insurance policy, make sure you have completed your studies.

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