Insurer is the person or institute which provides insurance to the policy holder. The insurance policy is a plan which decides various aspects like payment, premium, etc about the insurance plan. There are many financial institutes or banks all over the world which provide insurance.

The different kinds of insurance includes

• Vehicle insurance
• Home insurance
• Health insurance
• Accident or sickness insurance
• Unemployment insurance
• Life insurance
• Liability insurance
• Travel insurance
• Flight insurance
• Credit insurance and many more.

Some people also get pet insurance, livestock insurance, etc.  Vehicle insurance policy is an insurance purchased for cars, trucks, motorcycles or any other kind of automobile. The insurance policy may insure the whole vehicle or some parts of the vehicle. The insurance company has to make the payment of loss occurred to the vehicle or loss occurred to insured parts of vehicles, if the loss occurred due to any natural or manmade calamity.

Auto insurance for all the new vehicles is compulsory in India. These insurance companies also have association with big auto dealers and manufacturers. Amount of premium is directly proportional to the price value of vehicle to be insured. The documents required to claim vehicle insurance in India are

• Copy of registration certificate (RC) of your vehicle
• Driving license copy
• First information report (FIR) copy
• Original estimate copy and
•  Policy copy

The vehicle insurance is of following types

• Private car insurance
• Two wheeler insurance
• Commercial vehicle insurance, etc

You may buy travel insurance due to reasons like cancellation of flight, your passport or visa or wallet being stolen; you can have a medical emergency in a foreign country, etc. To apply for home loan you will need following documents like Identity proof which can be your driving license, voters id, passport, pan card, bank’s pass book , address proof which can be utility bill or any other authorized document with your address mentioned on it, financial proof like income certificate or salary slips etc.

There are many institutes in India which provide life insurance policies to the clients. They popular ones includes life insurance corporation, Aviva life insurance and Bajaj Allianz life insurance. Aviva Life insurance is a joint corporation by Dabur India group and Aviva plc of United Kingdom. Bajaj Allianz is also a juncture of two brands Allianz Se and Bajaj Finserv.

The customers complaint against Aviva life insurance is that they were not pre informed about any delay in their premium payments and were directly charged 10,000 rupees. Another customer has complaint about the no response behavior of the organization at the time of claim of insurance.  Bajaj Allianz customers face problems regarding incomplete information provided by agent.