Types Of Insurance Policies Pdf. This is the most common kind of insurance taken by individuals as well as the businesses for its employees to provide financial protection to the family members of the policy taker after the death of that person. Life insurance is a type of insurance policy in which the insurance company undertakes the task of insuring the life of the policyholder for a premium that is paid on a daily.
If the person who is taking life insurance is the only person earning for. When your business would face losses, particularly on the finances, if you have an insurance, you will be able to compensate for your losses. There are primarily seven different types of insurance policies when it comes to life insurance.