What is difference between life and general insurance?
What is difference between life and general insurance?
Life insurance and general insurance are two different forms of insurances. General insurance covers any other risk except for life-risk of the person injured. Life Insurance covers only the life-risk of the person insured. General Insurance.
What are the 7 main types of insurance?
7 Types of Insurance are; Life Insurance or Personal Insurance, Property Insurance, Marine Insurance, Fire Insurance, Liability Insurance, Guarantee Insurance. Insurance is categorized based on risk, type, and hazards.
What is the difference between life assurance and general insurance?
While life insurance policies provide cover against the risk of life, general insurance provides cover against other types of risks that may affect a person’s health or some of his/her physical assets like a home or a vehicle etc.
