One can pay insurance premiums monthly, quarterly, semi-annually, or annually. The policy holder is responsible for paying premiums regularly to the insurer, either an agent or insurance company. Insurance provides financial support to the policy holder's family in the event of death, illness, damage, or accidents. There are many types of insurance plans available, including children's plans, investment plans, pension plans, health insurance, life insurance, auto insurance, and more. Insurance companies offer various options for policyholders to choose from.

1. Basics on Insurance
One can do the payment of premiums in different intervals such as monthly, quarterly, half
yearly or yearly basis. The responsibility of a policy holder towards insurer is to make sure that
he pays him money on regular basis. These are nothing but your insurance premiums. Insurer –
Basically the agent or your insurance company is an insurer. Policy Holder – The one who buys
policy is known as policy holder. Insurance is a way of providing a financial support to the
family of policy holders if suppose he meets with any unfortunate event like death, illness,
damage or accidents. 3.
4. Types of Insurance
Children Plans Investment Plans Pension Plans Health Insurance Life Insurance Auto
Insurance Basic types of insurance plans available are as follows: Considering this, any person
can have multiple options to choose from. Almost all insurance companies offer all types of
policies. However, there are few companies that offer selected insurance schemes. In the
market, there are multiple insurance policy. 5.
Though any vehicle is insured does not mean it will receive compensation very easily. The
investigator investigates into the matter and checks the details very minutely. However, every
insured vehicle cannot be compensated unless an investigator investigates or checked
thoroughly. There are basically two types of coverage policies under auto insurance –
Comprehensive and Third Party Coverage. Comprehensive and third party are the two kinds of
insurance coverage policies that are available under an Auto Insurance Policy. The auto
insurance policy offers a safety coverage for every insured vehicle that has underwent some
damage. Auto insurance – This is an insurance policy designed for vehicles/automotives. 6.
Auto Insurance
There are many types of Life insurance Policies or Plans. However, the main idea or motive of a
Life insurance service is to provide maximum benefits for the policy holders family/sub-
ordinates after his/her death. It also helps you do your savings in order to achieve your long
term goals. It is an important mode of a sound and structured financial planning. Life
insurance is a route for providing financial support for your family even after your demise. 7.
Life Insurance
Nowadays, different types of insurance companies are offering health insurance for good low
premium rates. Though the medical or health insurance plan is taken by single person, it can
be useful for all the concerned members of his or her family. A health insurance is also
referred as Medical insurance. Hence, it becomes very important for every individual to have
Health Insurance. Every single day, multiple people fall ill due to varied illnesses. 8. Health
Insurance

2. Different insurance companies offer different pension plans. One needs to understand the
requirement of oneself and the conditions of the policy holder. Here too, a policy holder is
required to pay premiums for a definite period of time after which the policy holder is paid back
the sum amount after his pension accounts mature. These plans provide financial security and
stability during old age to continue living a healthy lifestyle. To help everyone, insurance
companies provide individuals with Pension Plans. In a country like India, where the rate of
inflation is so high, how many of us can even imagine to fulfill the basic amenities of our life
down the line of 20 years. 9. Pension Plans
Is you want to buy an ULIP plan then one should look on to factors like complete insurance
cover, risk cover,, premium charges, investment portfolio, etc. They have combined features of
both traditional life insurance and investment portfolios. Since they include combo benefits of
both, the demands for them is increasing a lot. These plans differ in some ratio and aspects
with regular insurance policies. Investment plans are basically ULIPs or Unit Linked Insurance
Plans. 10. Investment Plans
Parents should take care of these plans and it is always recommended to start these plans at
the earliest for low premium rates. With the right child plans, one can have the required
amount of money in future, i.e in 10 to 15 years. The Children Insurance Plans are designed an
structured to meet the increasing expenses of your growing child. Child Insurance Plans are
very closely related to investment plans – ULIPs or Unit Linked Insurance Plans. 11. Child
Insurance Plans