What three types of insurance are mentioned?

1. Life insurance. ...
2. Long-term care insurance. ...
3. Long-term disability insurance.

• Term Life Insurance. ...
• Auto Insurance. ...
• Homeowners/Renters Insurance. ...
• Health Insurance. ...
• Long-Term Disability Insurance. ...
• Long-Term Care Insurance. ...
• Identity Theft Protection. ...
• Umbrella Policy.

What are three kinds of insurance besides life and auto?

How many types of insurance do you need?

Home or property insurance, life insurance, disability insurance, health insurance, and automobile insurance are five types that everyone should have.

What are the 2 types of insurance?

What is insurance and how many types of insurance?

Insurance is a legal agreement between an individual and the insurance company, under which, the insurer promises to provide financial coverage (Sum assured) against contingencies for an amount (premium). The types of insurance in India can be broadly divided into two categories: General Insurance. Life Insurance.

What are the 6 types of insurance?

Six common car insurance coverage options are: auto liability coverage, uninsured and underinsured motorist coverage, comprehensive coverage, collision coverage, medical payments coverage and personal injury protection. Depending on where you live, some of these coverages are mandatory and some are optional.

What is third party insurance?

Third-party insurance is the basic insurance cover that takes care only of third-party damages. The recipient of the claim is not the policyholder but another person or vehicle affected by the first party's insured car.

What are the seven types of insurance?

What is first second and third party insurance?

First-party refers to the insured individual, second-party is the insurance provider, and third party is the person towards whom damages are owed by the first-party in an accident.

What are the types of insurance class 11th?

What are the three types of marine insurance class 11?

What are the 3 types of motor insurance?

There are three different types of insurance - Private Car Insurance, Two-wheeler Insurance, and Commercial Vehicle Insurance.

What is life insurance and its types?

A life insurance policy is essentially a contract between an individual and an insurance provider, where the company promises to pay a specified amount of money to the family or beneficiary of the individual, in return for regular payments over a period of time.

What is third party insurance and comprehensive insurance?

The main difference between third-party and comprehensive insurance is the kind of coverage it offers. While a Third-Party insurance only covers you against third-party damages and losses, a comprehensive car insurance will cover for your own damages as well.

What is difference between first party and comprehensive insurance?

A first party can be covered under personal accident cover and get own damage cover for his/her car with a comprehensive insurance policy. A third party can be covered under a third party motor insurance policy. A first party receives insurance benefits only under comprehensive insurance as part of own damage cover.

What is a comprehensive insurance?

Comprehensive insurance is a coverage that helps pay to replace or repair your vehicle if it's stolen or damaged in an incident that's not a collision. Comprehensive, sometimes called "other than collision" coverage, typically covers damage from fire, vandalism or falling objects (like a tree or hail).

What is CPA policy?

This policy compensates you or your beneficiaries against accidental death or disability caused while driving the Insured vehicle. You can choose to buy the standalone CPA if you do not have this coverage within your motor insurance policy or you have multiple vehicles.

What is non motor insurance?

This insurance provides coverage for legal liability made by third parties against the insured under the following circumstances: For accidental loss or damage to property that belong to a third party. Bodily injury or death to a third party.

What is own damage insurance?

Own Damage Car insurance a.k.a. OD Insurance is a motor insurance policy that is intended to safeguard your car against unforeseen own damages. This policy offers car insurance coverage for own damages sustained by your car due to road accidents, fire, natural calamities, or any other mishap.

What are the 5 types of insurance policies?