India's insurance industry, regulated by the Insurance Regulatory and Development Authority of India (IRDAI), is divided into two main sectors: life insurance and general insurance.
Life insurance policies offer financial protection for the insured and their beneficiaries in case of mishaps, death, disability, or critical illness. Popular types include term insurance, endowment plans, money-back plans, and Unit-Linked plans.
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Newborn baby insurance provides crucial protection for families during their child's early years. It covers medical expenses, including hospital stays, pediatrician visits, vaccinations, and emergencies..
Life insurance is a contract between policyholder and insurer, wherein the insurer agrees to pay a premium when an insured person dies or after a specified period.
General insurance protects your valuable assets from fire, theft, and burglary, often combined with life insurance..
Third-party insurance is a crucial part of risk management, protecting against liabilities from third-party damages or injuries. It covers damages to other vehicles and property, as well as injuries to individuals in accidents..
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