Insurance

---

Life Insurance

Life insurance or life assurance is a contract between the policy owner and the insurer, where the insurer agrees to pay a sum of money upon the occurrence of the policy owner's death. In return, the policy owner (or policy payer) agrees to pay a stipulated amount called a premium at regular intervals.

As with most insurance polices, life assurance is a contract between the insurer and the policy owner (policyholder) whereby a benefit is paid to the designated Beneficiary (or Beneficiaries) if an insured event occurs which is covered by the policy. To be a life policy the insured event must be based upon life (or lives) of the people named in the policy.

Insured events that may be covered include :
- Death,
- Accidental death

Life policies are legal contracts and the terms of the contract describe the limitations of the insured events. Specific exclusions are often written into the contract to limit the liability of the insurer; for example claims relating to suicide, fraud, war, riot and civil commotion.

Life based contracts tend to fall into two major categories:

Protection Policies - designed to provide a benefit in the event of specified event, typically a lump sum payment.
Investment Policies - where the main objective is to facilitate the growth of capital by regular or single premiums.

General Insurance

Insurance Company	Product Type	Product
TATA AIG	MOTOR TRAVEL ACCIDENT MISC.	AUTO SECURE TRAVEL GUARD ACCIDENT GUARD, SECURED FUTURE PLAN BUSINESS GUARD, HOME SECURE, SCHOOL PACKAGE
BAJAJ ALLIANZ	MOTOR TRAVEL HEALTH ACCIDENT MISC.	CAR INSURANCE TRAVEL PLAN HEALTH GUARD , SILVER HEALTH PERSONAL GUARD HOUSEHOLDER'S POLICY, SHOPKEEPER INSURANCE, OFFICE PACKAGE, WEDDING INSURANCE
ROYAL INSURANCE	HEALTH HOME ACCIDENTAL MOTOR	HEALTH SHIELD GOLD HOMESHIELD ACCIDENT SHIELD CAR INSURANCE
ICICI LOMBARD		HEALTH TRAVEL CAR
IFFCO TOKIO		CAR INSURANCE HEALTH FIRE MARINE
HDFC CHUBB		GROUP TRAVEL GROUP PA FIRE MARINE CAR INSURANCE
PSU's - NEW INDIA UNITED NATIONAL ORIENTAL		MEDICLAIM CAR OVERSEAS MEDICLAIM HOME OFFICE FIRE MARINE