Explain any two types of insurance.
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1. Life Insurance pays you as the policy holder or your beneficiaries a certain sum of money in case of your death. ... Its main products include: life-time policy, endowment, investment-linked, life annuity plan, and medical and health purposes.
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→ There are several forms of public insurance (Social Security, disability, Medicare) and many forms of private insurance.
→ Both individuals and businesses have significant needs for various types of insurance, to provide protection for health care, for their property, and for legal claims made against them by others.
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