Public Sector Insurance Companies Life Insurance Corporation of India General Insurance Corporation of India National Insurance Co. Ltd. Oriental Insurance Co. Ltd. New India Assurance Co. Ltd. United India Insurance Co. Ltd.

There are usually five types of insurance policies. They are as follows: Whole life Term Insurance Life annuity Endowment Investment – linked Medical and health

1. What is Insurance?  Insurance is defined as a contract between two parties whereby one party called insurer undertakes in exchange for a fixed sum called premium to pay the other party called insured a fixed amount of money after happening of a certain eve…