There are many types of insurance. Some of them are shown with the help of diagram given below:
| Type of insurance | Meaning | Type of Risk covered |
| Life Insurance | Life insurance is a contract,under which the insurer in consideration of a premium,agrees to pay a specified agrees to pay a specified amount on the of the assured ,or on the expiry of a certain fixed , whichever is earlier. | It provides protection to the family at the **** amount at old age when earning when earning capacity is earning capacity is reduced |
| Fire insurance | insurance is a contract whereby the insurer,in consideration of the premium paid undertakes to compen sate the insured for any loss that may result due to the occurrence of . | protects the goods against the risk of **. |
| Marine insurance | Marine insurance is a contract of insurance under which the insurer undertakes to indemnify the extent thereby agreed against marine losses. | protect the goods against the risk of loss in sea voyage. |
| Health insurance | Health insurance policy is a contract between and an individual or group in which the insurer agrees to provide specified health insurance at agreed upon price (the premium) | protects against unseen health problems |
| Motor vehicle insurance | It is a contract whereby the insurer agrees to indemnify the insured in consideration of a fixed premium,for a loss caused by theft,accident,earthquake etc. | It protects the value of motor vehicles against risk of theft,accident and ** etc,is also accident and etc.it also covers the overs the owners liability to compensate who are ** or insured through negligence of the motorist. |
| Burglary insurance | It is a contract whereby the insurer agrees to indemnify the insured in consideration of fixed premium,of loss due to theft ,burglary,house breaking and acts of similar nature. | It covers the risk of loss due to theft burglary,house breaking and acts of similar nature. |
| Cattle insurance | It is a contract whereby a sum of money is secured to the assured in the event of of animals like bulls, buffaloes.cows and heifers. | It covers risk of of cattle due to accident ** or pregnancy. |
| Crop insurance | It is a contract to provide financial support to farmers in case of crop ** due to drought or flood . | It covers all risks of loss or damages to the crop. |
| Sports insurance | It assures ad comprehensive cover available to ** sportsmen covering their sporting equipment personal effects legal liability and personal accident risks. | It is available to following sports angling badminton,cricket golf,lawn tennis,squash,use of sporting ** etc. |
