Refers to Insurance policies designed to protect individuals and their families against financial loss arising from everyday risks to life, health property and personal liability.

It helps individuals maintain financial security, by transferring personal risk to an Insurance Company.

Common Types of Personal Insurance:

1. Motor Insurance – Covers Vehicle damage, theft and accident liability.
2. Home Owners Insurance – Protects a home, belongings and personal liability.
3. Health Insurance – Covers medical and healthcare expenses.
4. Life Insurance – Provides financial support to beneficiaries upon death of the insured.
5. Travel Insurance – Covers trip cancellations, medical emergencies and losses while travelling.