Question

Insurance forms the lifeline of several commerce and
trade activities. (Nov. 18)
(i) Medical (ii) General () Marine​

Answer 1

Answer:

General...................

Answer 2

Option (ii) general insurance forms the lifeline of several commerce and trade activities.

Explanation:

Definition of general insurance:

"Insurance contracts that do not come under the ambit of life insurance are called general insurance. The different forms of general insurance are fire, marine, motor, accident and other miscellaneous non-life insurance."

• Before providing general insurance, insuring company will assess the risk.
• Maturity amount is predefined in the documents.

Insurance has terms and conditions which dualy signed.