The most basic insurance that people take today are listed to you as follows:
Auto insurance: To have automobiles insured today is quite common and proves to be very helpful on a number of levels. For insurance of a vehicle, the vehicle would firstly have to be registered before any further steps can be taken. There is a certain amount that requires to be put in, but when it comes down to the real damage, the insurance proves to be peanuts. This insurance can protect the owner of the vehicle from having to pay for any damages to the vehicle.
Life insurance: In terms of life insurance, there are a number of different types and each of the types tends to have their good and their bad points. This is why it is essential for a person to be very sure of what it is that they are looking for before they can actually make the final choice. The terms and conditions of life insurance are very tricky and it is important to be sure before making any choice at all.
Home insurance: People in India hardly ever opt for home insurance as the odds of any damage taking place are quite low. However, those insurance that are available prove to be quite apt and the terms are feasible as well.
These three are the most basic kind of insurance available. Leaving those mentioned above, today, even here in India, anything from phones to cars can be insured.