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What is difference between an Insurance and a general
Insurance????
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Answer Posted / ved parkash chauhan
INSURANCE > In simple terms it is a contract between the
person who buys Insurance and an Insurance company who sold
the Policy. By entering into contract the Insurance company
agrees to pay the Policy holder or his family members a
predetermined sum of money in case of any unfortunate event
for a predetermined fixed sum payable which is in normal
term called Insurance Premiums.
There are different kinds of Insurance Products available
such as Life Insurance , Vehicle Insurance, Home Insurance,
Travel Insurance, Health or Mediclaim Insurance etc.
GENERAL INSURANCE > INSURANCE OTHER LIFE INSURANCE
| Is This Answer Correct ? | 12 Yes | 2 No |
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