Discuss different types of insurance companies in detail-00163

There are two type of in Insurance companies

1. Life insurance
2. Property and casualty insurance

Which makes a payment to the insured's beneficiaries upon the death of the policy holder.

Company can get group insurance for their employees.

Whole life insurance

It is combination of life insurance and fix saving account.

We pay fix amount for a fixed period of time and in case of death of policy holder his/her beneficiary gets the money.

If the policy holder decides to discontinue the policy

Property and casualty Insurance

The policyholder pays fixed amount in exchange for protection to its property or assets. For example. Insuring the building against the fire.

Insurance of house for theft.

auto insurance.