What is difference between an Insurance and a general
Insurance????

Answer Posted / prasad

life insurance is a long term insurance contract which covers risk to the life (whatever may be the cause)
but in case of non life insurance called general insurance risk coverage is available against any particular immediate cause only. and it is a short term insurnce.

Is This Answer Correct ?    5 Yes 0 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

AS PER VAT AUDIT WE HAVE REFUND OF RS.25000/- ON PURCHASE OF FIXED ASSETS WHICH WE DID NOT CLAIM LAST YEAR, NOW WHAT ENTRY SHOULD WE PASS IN BOOK. ITS URGENT

1731


Can we use ST-38 outward form for a sale of Rs-100000/- with in the state i.e haryana

2623


WHAT IS THE DEPREATION RATE FOR COMPANY, EXPLAIN DETAILD WITH EXAMPLE & ENTERY , PLEASE GIVE ME THE DETAIL OF IT ON MY E.MAIL sonidilip87@yahoo.com

1693


How many heads are there under total income?

844


What is Labour Cess? Pl. define. & what is rate of Labour cess.

4127






Who advance tax is the asset for company? What are the accounting entries of advance income tax

1405


My Total CTC is 12500(not gross salary), i am living in Mysore(non-metropoliton city) what will be the take home salary after deduction? thanks in advance.

1090


Dear Sir, Regarding for WCT, IF FORM DVAT-43 MADE FOR DELHI STATE.So Is there any Form availabe for Haryana State. Would request you to please let know Answer in Yes or No or which form is available for HR State If do you have any kind of list for same please have suggested me.

3670


type of sale and purchase tax?

1482


which items should be covered the Entry Tax by HP Govt instead of Purchased

1419


i paid tds through my bank account but i entered the assessment year as 2010-11(the current year) instead of 2011-12(actual assessment year). what is the remedy for this. how do i get refund for the wrongly paid sum. or is there any way to currect the assessment year?

1721


I have a plot at Visakhapatnam. I have entered into a contract with a builder which enables him to construct 10 flats on the plot and builder and myself will share 50:50 of the constructed area. i.e. builder will get 5 and i will get 5 flats. Builder is not paying me any other consideration apart from 5 flats. Kindly clarify as to whether any servive tax is applicable and payable by me ?- kgr varma

1559


what is the rule of TDS Deduction for Pvt Ltd Company ??? And What rule of not TDS Deduct for PVT LTD company ???

1547


what is deemed sales? how to calculated

1750


What is FBT & Service Tax Remittances?

1792