Explained: different types of life and non-life Insurance policies

Investments & Insurance

This article offers you the details of different types of life insurance policies, as well as general (non-life) policies like Property Insurance, Liability Insurance, Motor Insurance, Health Insurance, Travel Insurance Marine Insurance, cargo, etc. Insurance contracts can be broadly classified into two categories based on the nature of the insured risk viz. life insurance and…

Explained: Micro Insurance in India

Investments & Insurance

The IRDA (Micro-insurance) Regulations 2005 is designed for insurance policies intended for the protection of economically weaker sections of society, with affordable insurance products to help them cope with and recover from financial losses. All micro-insurance policies are reckoned for fulfillment of social obligations and where a micro-insurance policy is issued in a rural area…