1.

Write the difference between life insurance company and non – life insurance company. Write example for each.

Answer»

Life Insurance Company : 

Life insurance companies are institutions that provide security to life, health and property of individuals. 

Eg : Life Insurance Corporation of India.

Non – Life insurance companies : 

These are institutions that provide security to individuals from the loss incurred due to accident and natural calamity. 

Eg : General insurance companies.



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