What are the four types of insurance products and their explanations?
Here are four types of insurance products and their explanations
- Life Insurance, Life insurance functions to provide guarantees for the death of a person by providing financial benefits as promised.
- Health Insurance, Health insurance serves to provide coverage for health problems caused by an illness experienced by the insured.
- Education Insurance, Education insurance functions to guarantee the education of the children of policyholders (parents) or future education savings for their sons and daughters.
- General Insurance, General insurance functions as a form of risk coverage to provide reimbursement to policyholders for losses suffered.
