General insurance vs life insurance

Others 2860 views 6 replies

Please explain me the difference between general and life insurance?

Replies (6)

Life insurance will give cover for Human life, other than life insurance all are general insurance

I agree with all of the above comments. Basically, life insurance is a non-personal insurance contract where the policyholder and the person being insured do not have to be the same person. General insurance is always a personal contract where the insurance company contracts with you directly for insurance protection.

Life insurance is very wide category of insurance which can be subdivided into health/medical insurance, term insurance, mediclaim and more...Means any kind of insurance policy that directly relate with human life, known as life insurance. Whereas general insurance can be take as non-life insurance which provides for the thing  that related to humans assests/liability like home, car, education and more..car insurance policy comes under general insurance category.

Life insurance is insurance for life against a sum of money paid on the death of the insured or after a stipulated time frame. General Insurance is insurance except life insurance and it covers vehicle insurance, travel insurance and home insurance.

Life insurance is an assurance of a person’s life. In other words life insurance is taken to cover for loss of life and non-life insurance is General Insurance such as Motor Insurance, Health Insurance and Travel Insurance.

Life insurance is an insurance on your life in which beneficiary get paid on your death or after the term period and general insurance is an insurance of your car, health, travel etc.


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
Featured 15 June 2026
Senior Auditor

N. Dhawan & Co

New Delhi

CA Inter

View Details
Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
26 May 2026
Senior Accountant cum purchase Manager

Vardhaman Group of India

Pimpri Chinchwad

CA Inter

View Details
Company
19 May 2026
Article, CA & Paid Assistant Positions

Aggarwal Sarawagi and Co

New Delhi

CA

View Details
Company
10 June 2026
Senior Account Executive

JDS Advisory LLP

Ahmedabad

CA Inter

View Details
Company
Featured 28 May 2026
SEMI QUALIFIED/ CA DROPOUTS/ ARTICLES

T R SOOD & CO

New Delhi

CA Inter

View Details
Company
22 May 2026
Audit assistant

Displayandbeyond

Mumbai

CA

View Details
Company
18 May 2026
MIS Executive

Primarc Pecan Retail Limited

Mumbai

B.Com

View Details