Question

Difference between life insurance and fire insurance

Answer 1

Answer:

Explanation:

 ... Theinsured amount is paid either on maturity period or at the death of policy holder (which is earlier). Fire Insurance: Risk is not certain in fire insurance. The insured property may not catch fire.

Answer 2

This article will help you to differentiate between life insurance and general ... Difference # General Insurance (Fire and Marine):

In life Insurance, the life of the Insured is a subject matter. In fire Insurance, the goods and assets or property of the insured is the subject matter. 3. It must exist (live) at the time of contract.