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Types of General Insurance


Jul, 2014

Types of General Insurance

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We hear about so many insurance policies and the various terms in it. But how many of us truly understand what the different types of general insurance policies mean and what they protect? There are essentially two types of insurance, life insurance and general insurance. While life insurance is a coverage that pays out a certain amount to the beneficiaries in event of death of the insured, general insurance protects against the unforeseen losses and damages other than those covered by life insurance. Also known as non-life insurance, general insurance […]