Life insurance refers to the legally binding contract between a policyholder and an insurance company that provides financial protection to his / her family. The insurer promises to offer the insurance benefit in exchange for regular premiums paid by the life insured. The financial protection under life insurance is provided in the form of life cover, also known as sum...

Health insurance is a contract that requires an insurer to pay some or all of a person's healthcare costs in exchange for a premium. More specifically, health insurance typically pays for medical, surgical, prescription drug, and sometimes dental expenses incurred by the insured. Health insurance can reimburse the insured for expenses incurred from illness or injury, or pay...

Property insurance is a broad term for a series of policies that provide either property protection coverage or liability coverage for property owners. Property insurance provides financial reimbursement to the owner or renter of a structure and its contents in case there is damage or theft and to a person other than the owner or renter if that person is injured on the...