Insurance can be classified into 2 broad categories
- 'Life Insurance'
- Non Life Insurance or better known as 'General Insurance'
Life Insurance, as the name suggests, covers the risks arising to due to loss of human life whereas 'General Insurance' is for covering risks of loss to all other non life assets.
Examples of 'General Insurance' will be 'Motor Insurance', 'Home Insurance', 'Health Insurance', etc.
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