Make a List of the differences between Life Insurance and
General Insurance.
DSERT Class 10 Business Studies Ch. 2 Insurance
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Life insurance:
1. It is the insurance which is taken to recover from the loss of life
2. They have mortality charge
3. It depends on the expenses made by the family
General assurance:
1. It helps to recover the loss of property like cars, home, etc
2. Mostly applies to fire and marine insurances.
3. The coverage period for most general insurance policies and plans is usually one year
1. It is the insurance which is taken to recover from the loss of life
2. They have mortality charge
3. It depends on the expenses made by the family
General assurance:
1. It helps to recover the loss of property like cars, home, etc
2. Mostly applies to fire and marine insurances.
3. The coverage period for most general insurance policies and plans is usually one year
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