Task 2 For Midterm exam Group: mm53 I Full name

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Question 7: Insurance fields and their interpretation
In Uzbekistan insurance is divided into two categories

1. 
   Life insurance (4 certificates are needed to make life insurance as an insurance company)
   
2. 
   General insurance (17 certificates are needed to make general insurance as an insurance company)
   

Life insurance itself can be divided into two groups: individual and group. In life insurance there are people`s life, their health and ability to work. If insured person loses its working ability insurance company will provide with money supply for at least one year.
As for according to the subjects of life insurance there are life insurance for mortality (death), life insurance for a specified period (being alive), mixed.
The first two is clear. But what is mixed?
Mixed is accumulative pension insurance. You pay certain amount of money every month and you will be alive for the end of the year you will get money with an interest.
Life and annuities, Marriage and birth , Insurance for a long period, Health insurance are branches of life insurance.
Life and annuities:1.According to the specified age for instance you make contract for 75 age 2.According to the end of the contract: for 15 years 3.When the assured died: the period is until your death.
Marriage and birth: 1. When you have a child. 2.When you get married.
Insurance for a long period: 1.Life-long payment 2.Pension
Health insurance: it need to be no less than 5 years or you can do it until your pension age. If you have an accident or illness you get a money.
When it comes to general insurance there lots of branches of it: Insurance from accident, Insurance from illnesses (Medical expense), Transport insurance, Insurance for moving train, Aviation insurance, Marine insurance, Property insurance on the way, Property insurance from fire and natural disasters, Property insurance from damage, Auto-responsibility insurance, Avia-responsibility insurance, Marine responsibility insurance and other