Insured are the beneficiaries of an insurance policy. In short, they are the customers of insurance companies. The insured may be end users or they could be corporates.

Individuals are people like you and me who buy policies for various needs, like health insurance, life insurance, motor insurance, travel insurance, and more.

The corporates can buy the insurance for their employees (for example, medical, life, and travel) or they can buy the insurance for themselves (for example, property insurance, fire insurance, and motor insurance for corporate vehicles).