Question

Which of the following not a type of insurance organization ?

Answer 1

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Famous insurance companies of India includes LIC i.e. Life Insurance Corporation. Then there are many private insurance companies like Apollo, Star Health, Future Generali, and Bajaj Alliance. They provide insurance against all sorts of things.

Answer 2

Insurance companies or organizations are the companies that provides with insurance of Life or to any sort of substance like home, car or any property.

Explanation:

• LIC (Life Insurance Corporation) is the famous government owned insurance group and investment corporation.
• There are many private insurance companies like Apollo, Star Health, Future Generali, and Bajaj Alliance.
• All these companies provide insurance against all sorts of things.  
• In lose/damage of the insured product/person, the insured person/nominee can claim the money from insurer.  
• For insuring anything, one has to choose the policy they prefer, and has to pay the company a particular money all round the year or in instructed terms.

Learn more:

1) Which amongst the following is NOT an insurance company functioning in India?

1) ICICI Prudential 2) ING Vysya 3) ICICI Lombard

4) New India Assurance Company Limited

5) National Securities Depository Ltd:

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2) Explain any three principles of insurance and with examples:

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