Question

Difference between life, marine and fire insurance.

In tabular form

Answer 1

Heya mate
The answer is here




Question

Difference between life, marine and fire insurance.




Answer

In life insurance, Risk is certain .
In marine insurance, Risk is not certain
In fire insurances, Risk may or may not arise because happening of event is uncertain .




In life insurance , Life insurance policy is for longer period.
In fire Insurance, short period. Generally of one year.
In Marine insurance .,Short period. Generally of one year






hope it helps

Answer 2

Heya dear
The answer of ur question is



Answer
Life insurance is a contract between the policyholder and the insurance company .
A fire insurance is a contract between the policyholder and the insurer.
Marine insurance is generally meant for sea transport and shipping corporations.



hope it helps