One of the important benefits of insurance is that it helps in battling any unforeseen contingencies. There are many insurance companies doing business in India and providing various kinds of insurance cover such as Automobile Insurance, Life Insurance, Health Insurance, Accident Insurance, etc. Insurance primarily aims to compensate the applicant against losses arising from damage due to a variety of risks which are usually mentioned in the insurance documents.
Types Of Insurance Available :
The insurance sector over a period of time has developed into a well organised sector where participation from the public sector and private insurance companies have resulted in a large number of insurance seekers. Insurance is a serious business in India and both the private and public sector participation has further scaled up the need for insurance in India.