The Benefits of Insurance to Individuals and Organisations
Insurance is actually an arrangement which a company or a state undertakes to provide the guarantee of a specific amount of compensation to the person or entity for a specified loss, damage, illness or death in return for a specific amount of premium that is paid by the person monthly.

There are mainly four types of insurance policies:

• Life Insurance: it is a type of insurance that is done to provide financial security for the entire family in the event of the policy holder’s death.

• Health Insurance: it is basically a type of insurance where monetary support is provided for any serious health related issues to the policy holder or his family.

• Property insurance: this type of insurance covers the policyholder in the event of damage to his property by fire or any other means.

• Auto Insurance: your car is too precious to you, so if it is stolen or damaged you will need a huge amount of money. This auto insurance will pay the policy holder’s repairing costs.

- See more at: http://www.sungist.info/benefits-insurance-individuals-organisations/