How many types of Insurance are available in market?
Intro To Insurance
What Is Insurance?
Insurance is the equitable transfer of the risk of a loss, from one entity to another in exchange for payment. It is a form of risk management primarily used to hedge against the risk of a contingent, uncertain loss.
Insurance is the equitable transfer of the risk of a loss, from one entity to another in exchange for payment. It is a form of risk management primarily used to hedge against the risk of a contingent, uncertain loss, entity buying the insurance policy.
The amount to be charged for a certain amount of insurance coverage is called the premium. Risk management, the practice of appraising and controlling risk, has evolved as a discrete field of study and practice.
The transaction involves the insured assuming a guaranteed and known relatively small loss in the form of payment to the insurer in exchange for the insurer's promise to compensate (indemnify) the insured in the case of a financial (personal) loss.
The insured receives a contract, called the insurance policy, which details the conditions and circumstances under which the insured will be financially compensated.
Because we cannot predict the future, there are a number of insurance policies available so that we are prepared for the worst.
In this feature, we'll uncover some policies you need, and some you can do without.
Lloyd's of London, pictured in 1991, is one of the world's leading and most famous insurance markets.
Answer:
Mainly there are two types of insurance available
1) Life Insurance
2 ) General Insurance.
General Insurance covers all the Insurance ( Auto, home, health, travel, business etc.
Types of insurance includes:
Accident Insurance
Work Insurance
Car Insurance
Health Insurance
Home Insurance
Hospital Insurance
Travel Insurance and many others too.
Accident Insurance 
