Picking the right insurance is vital if you want to reap its advantages. Here is a simplified yet detailed guide on insurance, so you know when to choose what.

life insurance is a cover for your life. Life insurance can offer your family monetary relief in difficult times. This type of insurance provides financial security to the nominee (spouse, children, etc.), in case of an unfortunate event.

general insurance provides cover to other aspects and assets in a person’s life, for example, health, car, travel, home, etc. This type of cover insures assets against theft or damage due to fires, natural calamities, accidents, man-made disasters like riots or terrorist attacks, etc.