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Knowing the Types of Insurances
At this time have developed various types of insurance in society. In risk management, insurance allows sharing and transferring risk, this is the best way to compensate. Most people do not understand the fundamental differences in the types of insurance, and to determine the insurance program that best matches your needs, we must recognize the types of insurance.
Insurance is divided into two main types :
1. Traditional Insurance
2. Non-Traditional Insurance (modern)
In the Traditional Insurance, divided several types of insurance, this insurance typically had long used by consumers.
Traditional insurance consists of :
1. TERM
2. Wholelife
3. Endowment
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