The Insurance Industry in India is probably one of the fastest growing industries not just in India but across the world. With so many insurance companies each trying to sell their product, We the customer need to analyze all our options before making this decision.
Purely by definition, Insurance is nothing but an arrangement by which a company undertakes to provide a guarantee of compensation for the Specified Loss in return for payment of a specified premium. This Specified Loss could be anything and is agreed between the Insurance Company and the individual taking up the Insurance Policy.
There are many different types of Insurance.
- Life Insurance
- Automobile Insurance
- Accident & Disability Insurance
- Property Insurance
- Credit Insurance
- Travel Insurance and
- Health Insurance
Each of us would need more than one form of insurance and in most cases we just go by what our insurance advisor says. The purpose of this book is to help you understand what Insurance is, what these different types of insurance products mean, how to buy insurance and a lot more.
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