What would you like to do?

Difference between banking and insurance?

already exists.

Would you like to merge this question into it?

already exists as an alternate of this question.

Would you like to make it the primary and merge this question into it?

exists and is an alternate of .

A Bank is an organization that provides banking services like bank accounts, credit cards, loans etc. to the customers.

Whereas, an Insurance Company provides Insurance. The main difference between a bank and an insurance company is the fact that it is not a bank. It provides insurance services to the citizens of India and it does not provide services like bank accounts, credit cards etc. to customers
2 people found this useful
Thanks for the feedback!

What is the difference between a savings bank and a savings institution that is FDIC insured?

A savings institution typically refers to either a Savings and Loan or a Savings Bank. Both Savings Banks and Savings and Loans are thrifts, whose primary federal regulator wi

What is Difference Between insurance and assurance?

Assurance and Insurance . 1. In financial discourse, the following hold:. In English , it is customary to refer to Assurances as protection against the financial loss arisi

What is the difference between insurance and assurance?

In general, the term insurance refers to providing cover for an event that might happen while assurance is the provision of cover for an event that is certain to happen

What is the difference between banking and insurance?

insurance and banking function on two completely different levels. Put simply, banking is a dependable and constant institution where, for the most part, consumers know what t

What is the difference between insured and insurer?

The insured is the person or entity who is covered by the insurance policy. The insurer is the entity (insurance company)that pays to, or on behalf, of the insured for a cover

What is the different between Assured and Insured?

The terms "insured" and "assured" are generally used interchangeably; but strictly speaking, the term " insured " refers to the owner of the property insured or the person who

What is difference between insurance and investment?

Insurance is a service one can purchase for the purpose of guarding against damage, theft or any kind of loss of property or health. Investing is the practice of providing mon

What is the difference between insurance and re-insurance?

Insurance covers the direct exposure to the insured. Re-insurance covers insurance companies against the aggregated loss. Earthquake insurance is a good example. You might hav

What is the difference between insurance and gambling?

The goal of insurance is to put you in the same financial position you were in before the loss. The goal of gambling, is to come out ahead In insurance you either suffer the