![[GoldenTwine Informatics Logo]](http://www.GoldenTwine.com/asset/logoGti.gif)
![[Indian Sites Header]](http://www.GoldenTwine.com/asset/hdrIndx.jpg)
![[Bride & Groom Matrimony Logo]](http://www.GoldenTwine.com/asset/logoBng.gif)
GoldenTwine Informatics: Indian Sites > Investment Guide for Indians > Insurance
GoldenTwine Internet Advertising Network (please visit sponsor websites)
Banner spaces for rent. Small Banner - Code:FS30, Size:120x60. Full Banner -
Code:FS20, Size:468x60. Advertise
with us 
Insurance
The word 'Insurance' provides a sense of security. Insurance policies are a safeguard against the uncertainties of life.
Insurance is system by which the losses suffered by a few are spread over many, exposed to similar risks. Insurance is a protection against financial loss arising on the happening of an unexpected event. Insurance policy helps in not only mitigating risks but also provides a financial cushion against adverse financial burdens suffered.
Insurance policies cover the risk of life as well as other assets and valuables such as home, automobiles, jewellery et al. On the basis of the risk they cover, insurance policies can be classified into two categories:
- Life Insurance Policies
- General Insurance Policies
Life Insurance
Life is very fragile and death is a certainty. We cannot control the uncertainties of life. But, we can cover the risks surrounding us. Life insurance, simply put, is the cover for the risks that we run during our lives. It protects us from the contingencies that could affect us.
Life insurance is not for the person who passes away, it is for those who survive. It is the responsibility of every bread earner to guard against the events that could affect the family in the unfortunate circumstance of his / her demise. Thus, having a life insurance policy is very vital. Before going for a life insurance policy it is imperative that you know about various types of life insurance policies. Major among them are:
- Endowment Policy
- Whole Life Policy
- Term Life Policy
- Money-back Policy
- Joint Life Policy
- Group Insurance Policy
- Loan Cover Term Assurance Policy
- Pension Plan or Annuities
- Unit Linked Insurance Plan
General Insurance
General Insurance provides much-needed protection against unforeseen events such as accidents, illness, fire, burglary et al. Unlike Life Insurance, General Insurance is not meant to offer returns but is a protection against contingencies. Almost everything that has a financial value in life and has a probability of getting lost, stolen or damaged can be covered through General Insurance policy.
Property (both movable and immovable), vehicle, cash, household goods, health, dishonesty and also one's liability towards others can be covered under general insurance policy. Under certain Acts of Parliament, some types of insurance like Motor Insurance and Public Liability Insurance have been made compulsory.
Major insurance policies that are covered under General Insurance are:
- Home Insurance
- Health Insurance
- Motor Insurance
- Travel Insurance
![[Vertical Response]](http://img.verticalresponse.com/images/marketing/salesprof_125x125.gif)
