Types of insurance

Types of insurance


Although there are different types of insurance it is classified into two groups.

1. Private Insurance:
2. Government insurance:

1. Private insurance includes the following types of insurance

a. Life Insurance
b. Health insurance
c. Fire insurance
d. Marine insurance
e. casualty insurance
f. Auto insurance

2. Government insurance includes the following types of insurance

a. Social Insurance
b. old age, survivors , and disability insurance
c. Medicare insurance
d. workers compensation insurance
e. compulsory temporary disability insurance
f . Railroad retirement insurance act
g. Railroad unemployment insurance act
h. Other Government Insurance Programe.