Question

What is insurance and different types of insurance ppt?

Answer 1

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Ans : An arrangement by which a company or the state undertakes to provide a guarantee of compensation for specified loss, damage, illness, or death in return for payment at a specified premium.

Types of insurance :
(1) Life insurance
(2) Marine insurance
(3) Fire insurance
(4) Property insurance
(5) Liability insurance
(6) Guarantee insurance
(7) Social insurance.
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Answer 2

Insurance is an arrangement with a company in which you pay them regular amounts of money and they agree to pay the costs if you die or if you lose or damage something .

Types of insurance :-

♥ Life Insurance

♥ Property Insurance

♥ Fire Insurance

♥ Liability Insurance

♥ Guarantee Insurance

♥ Social Insurance

Hope it helps ✌

Shreya ❤