In Insurance, Insurance Policy is like a legal agreement between the insurer and the insured. The entity that provides the Insurance Policy is called insurer and the person who buys the Insurance Policy is called the insured. To avail this Insurance Policy the insured must pay an Insurance Premium.

The agreement in the Policy clearly states the exact terms on which the indemnity cover is provided to the insurer.

The types of Insurance:

• Health Insurance

• Motor Insurance

• Home Insurance

• Personal Accident Insurance

• Travel Insurance

• Commercial Insurance