What are five types of products that insurance companies provide to their customers?

What are 5 types of insurance a consumer can purchase?

When you start to consider the various types of auto insurance coverage available it can get overwhelming.

  • Liability Insurance. …
  • Collision Coverage. …
  • Comprehensive Coverage. …
  • Personal Injury Protection. …
  • Uninsured /Underinsured Motorist Protection.

What are the two types of insurance products?

There are two broad types of insurance:

  • Life Insurance.
  • General Insurance.

What are the 4 types of insurance?

Different types of general insurance include motor insurance, health insurance, travel insurance, and home insurance.

What is a product in insurance?

Insurance Products means any insurance, indemnity, annuity or similar products by which one undertakes to indemnify another as to loss from certain specified contingencies or perils, to pay or grant a specified amount or determinable benefit or annuity in connection with certain specified contingencies or perils or to …

What are the five types of vehicle insurance?

Here’s a review of the most popular types of auto insurance.

  • Liability car insurance.
  • Physical damage car insurance.
  • Rental insurance.
  • No-fault or personal injury protection.
  • Uninsured/underinsured motorist coverage.

What are the five types of vehicle insurance is quizlet?

This is the type of situation where Uninsured and Under insured Motorist Protection would help with expenses.

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What are the 3 main types of insurance?

Insurance in India can be broadly divided into three categories:

  • Life insurance. As the name suggests, life insurance is insurance on your life. …
  • Health insurance. Health insurance is bought to cover medical costs for expensive treatments. …
  • Car insurance. …
  • Education Insurance. …
  • Home insurance.

What are main types of insurance?

Types of Insurance

  • Life Insurance.
  • Motor insurance.
  • Health insurance.
  • Travel insurance.
  • Property insurance.
  • Mobile insurance.
  • Cycle insurance.
  • Bite-size insurance.

How many types of insurance companies are there in India?

The life insurance sector in India comprises of, 24 are life insurance companies, Among the life insurance companies, Life Insurance Corporation (LIC) of India is the only public sector company.

What are the seven types of insurance?

Here are the seven most common types of insurance that every individual needs — or, at the very least, needs to consider.

  • Health Insurance. …
  • Life Insurance. …
  • Disability Insurance. …
  • Long-Term Care Insurance. …
  • Homeowners And Renters Insurance. …
  • Liability Insurance. …
  • Automobile Insurance. …
  • Protect Yourself.