Some types of insurance

Types Of Insurance

Roughly speaking, the insurance is of three categories, namely :

Insurance losses

Consisting of insurance for property (property, vehicles), financial (property damage), the legal responsibility (liability) and self-insurance (accident or health).

Life insurance

In essence, a form of cooperation between people, or at least the risk avoided because of the risk of death (what would happen, but not sure if they occur), the risk of age (which has occurred and can be expected to do if incurred, but are not sure how long) and the risk of accidents (which are not inevitable, but not impossible). The cooperation that was the insurance company, on the basis of the law of large numbers (the law of large numbers) who want to work the risk to humans, coordinated propagation work. Programs include life insurance, such as: insurance for education, retirement, investment, stage, health.

Social Insurance

Social insurance is the insurance program organized by the Government under the Act. The objectives of social security is to provide basic security for people and is not intended for commercial purposes.