Through this article we are sharing with you the complete information about the basic type of insurance.
In our article we are going to share with you the complete details about Guarantee insurance and personal insurance.
The guarantee insurance covers the loss arising due to dishonesty, disappearance, and disloyalty of the employees or second party.
The party must be a party to the contract.His failure causes loss to the first party.
The personal insurance includes insurance of human life which may suffer a loss due to demise, accident, and disease
Therefore, personal insurance is further sub-classified into life insurance, personal accident insurance, and health insurance.