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What is difference between an Insurance and a general
Insurance????
- 12 Answers
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Answer / bijay
Insurance means covered(LIP) and general Insurance means
other then (LIP) like Motor car insurance.fire insurance,etc
| Is This Answer Correct ? | 54 Yes | 12 No |
Answer / sopna
life insurance means to protect the human life.
general insurance protect the Non-living things
| Is This Answer Correct ? | 27 Yes | 9 No |
Answer / himesh kashyap
General Insurance:Not related to life of the person,ie.
Financial loss or protection against non living things.
Life Insurance : Directly related with the person's life,
its long term insurance.
| Is This Answer Correct ? | 16 Yes | 2 No |
Answer / syed mukram
INSURANCE :-
GETTING INSURANCE OF LIFE AND HEALTH IS INSURANCE
GENERAL INSURANCE:-
GETTING ALL TYPES OF INSURANCE LIKE ,HEALTH
INSURANCE , CAR INSURANCE , ROBBERY INSURANCE ..ETC IS
GENERAL INSURANCE
| Is This Answer Correct ? | 17 Yes | 5 No |
Answer / ved parkash chauhan
INSURANCE > In simple terms it is a contract between the
person who buys Insurance and an Insurance company who sold
the Policy. By entering into contract the Insurance company
agrees to pay the Policy holder or his family members a
predetermined sum of money in case of any unfortunate event
for a predetermined fixed sum payable which is in normal
term called Insurance Premiums.
There are different kinds of Insurance Products available
such as Life Insurance , Vehicle Insurance, Home Insurance,
Travel Insurance, Health or Mediclaim Insurance etc.
GENERAL INSURANCE > INSURANCE OTHER LIFE INSURANCE
| Is This Answer Correct ? | 12 Yes | 2 No |
Answer / vijay nautiyal
insuring anything other than Humanlife is called General
insurance
| Is This Answer Correct ? | 11 Yes | 5 No |
Answer / 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 |
Answer / ibrahim manik
it is the contract of contingency in nature on the other
hand it is the contract of imdennity
| Is This Answer Correct ? | 3 Yes | 1 No |
Answer / donaldin007
Insurance is the Wide Field, Wherein we have Life
Insurance, General Insurance, Health Insurance and many
other, On the Other Hand General Insurance is specific
having insurance to our Motor Vehicles and Machineries etc.
| Is This Answer Correct ? | 4 Yes | 2 No |
Answer / rakesh chauhan
Insurance is wider term than General Insurance.
Insurance cover both Life Insurance as well as General Insurance.
| Is This Answer Correct ? | 3 Yes | 1 No |
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