Insurance companies in India can be classified into two groups; life insurance
companies and general insurance companies. These companies offer numerous policies in accordance of your need for
protection and safety of your family and valuables and give financial protection against various risks associated with life,
health, automobile, travel and financial situation.
Insurance Regulatory and Development Authority
(IRDA) regulate these insurance companies by keeping a check on the proper functioning
of the insurance sector in India. IRDA is also responsible to protect the rights
of the policyholders.