QUESTION

How many forms of insurance are there and which of them is Halal and which is Haram ? 

ANSWER 

  Along with the innovation of the times there is innovation and change in everything in veiw of this fact there has been a significant change in the forms of profiteering and gambling but if the basic status of these forms is seen there is no difference between them 
The bussiness of all the prevailing insurance companies is also a usurious affair just like the bussiness of the bank the only difference between the two is in form and appearance and in insurance there is also interest along with gambling and both are forbidden in islam . they are sanctity is clearly proven from the holy quran no expeniency of any time can make this haram lawful
In insurance interest is in the sense that in case of an accident you get more than the amount you have deposited and this excess amount is interest and gambling is in the sense that in some cases if the accident etc even if the accident deposited money is not returened the insurance company becomes the owner of this money 
Therefore shariat has declared insurance as haram 
Likewise ignorance and deceit are also found in it and the matter of ignorance and deceit has been declared illegal by shariat so it is illegal and haram to make any kind of insurance and to be a member of an insurance company 

HOLY QURAN 

O you who believe but wine and ease and ansaab and azlam are an abomination from the work of shaitan so forbid him from the table

SAHIH MUSLIM

Curse the Messanger of God may God's prayers and peace be upon him