Types of insurance are known and its rulings in Islamic Shari'ah

Types of insurance are known and its rulings in Islamic Shari'ah
W e are pretty much familiar with insurance now we will discuss about each type of insurance hope the discussion will be very useful for you so let's read that discussion from start to end. Types of insurance and its identity and its rulings in Islamic Sharia. Insurance is mainly divided into three categories based on the needs and requirements of the people.  Life insurance  General Insurance  Miscellaneous Insurance What is life insurance? Insurance taken on human life is called life insurance. It is not an argument for indemnification. The insurance promises to pay a fixed amount to the insured or his heirs in the event of any accident to the life or death of the insured. What are the types of life insurance?  There are seven types of life insurance namely :- Life insurance  Term insurance  Joint Insurance  Family insurance  Health insurance  Personal insurance  Accident insurance  Annual superannuation insurance  Scholarship Insurance What is Life Insurance?  Life insurance is termed as life ins…

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3 comments

  1. Anonymous
    nice post
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