This document provides an overview of different types of insurance. It defines insurance as an arrangement where a company undertakes to provide compensation for specified losses in return for premium payments. It discusses types of non-life and life insurance and provides details on common types of insurance like motor, fire, health and marine insurance. The document also outlines some popular life insurance plans in India and lists some major insurance companies operating in the country.

1. INSURANCE
Guided By :-Chandrakant Phad Sir.
Presented By :- 1. Kiran Ghodke
2. Shreyas Bhagat

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

3. Insurance industry in India
Non-Life insuranceLife insurance
Motor insurance Fire insurance Health insurance Marine insurance
Types of insurance

4. Life insurance
• Life insurance is a contract between the policy
owner and the insurer.
• Life insurance provides a monetary benefit to a
decedent's family or other designated
beneficiary, and may specifically provide for
income to an insured person's family, burial,
funeral and other final expenses. Life insurance
policies often allow the option of having the
proceeds paid to the beneficiary either in a lump
sum cash payment or an annuity.

5. Motor insurance
Auto insurance protects the policyholder against
financial loss in the event of an incident involving
a vehicle they own, such as in a traffic collision.

6. Fire insurance
Insurance that is used to cover damage to a
property caused by fire. Fire insurance is a
specialized form of insurance beyond property
insurance, and is designed to cover the cost of
replacement, reconstruction or repair beyond
what is covered by the property insurance
policy.

7. Health insurance
Health insurance policies cover the cost of medical
treatments. Dental insurance, like medical insurance,
protects policyholders for dental costs. In most
developed countries, all citizens receive some health
coverage from their governments, paid for by
taxation. In most countries, health insurance is often
part of an employer's benefits.

8. Marine insurance
Marine Insurance covers the loss or damage
of ships, cargo, terminals, and any transport or
cargo by which property is transferred

9. LIFE INSURANCE PLANS
o Term Insurance.
o Endowment Insurance Plan.
o Money Back Policy.
o Group Life Insurance.

10. Insurance companies in India
• LIC ( life insurance corporation of India )
• Aviva Life insurance
• Max Life insurance
• SBI Life insurance
• Reliance life insurance
• TATA AIG Life insurance