[10 MARKS QUESTION , ANSWER APPROPRIATELY]

( NOTE - I'm looking for Answers for exam preparation, As time is short for preparation , I need short and concise and correct answer . It would be helpful , if you provide the answer that is easy to understand and precise . At the same time , all the important points should be covered . It should be worth of getting 10 Marks. for eg - 10 important points = 10 Marks)

{ This question is exactly from the subject , " Risk Management and Insurance " }

QUESTION -

EXPLAIN THE VARIOUS TYPES OF INSURANCE .