In there are two types of insurance products that generally makes a product we know , among others, and life insurance losses . The following explanations may be useful :
a. Insurance Losses
Closing
the coverage for loss due to damage or obliteration insured property
due cause - a cause or event which the insured ( cause - a cause or
danger - the danger referred to in the contract or insurance policy ) . In
general insurance , the insurer receives a premium from the insured and
in the event of damage or obliteration on the insured property
compensation will be paid to the insured . This is an example of insurance products :
fire insurance
Sea Transport Insurance
Motor Vehicle Insurance
Boat Insurance Framework
Construction All Risk ( CAR )
Property / Industrial All Risk
Customs Bond Insurance
Surety Bond Insurance
Personal Accident Insurance
Health Insurance
and others
b . Life Insurance
Closing the insured to pay the amount of compensation due to a person's death or permanent life insurance term .In
life insurance , the insurer receives a premium from the insured , and
if the insured dies , the benefit ( sum assured ) is paid to the
beneficiary or a person designated in the policy as beneficiaries . examples
of this type of insurance is Pure Life Insurance ( Whole Life Insurance
) , Term Life Insurance , Short Term Life Insurance ( Term Insurance ) .
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