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What is the difference between life insurance and non life insurance?
Wiki User
∙ 13y ago
Life insurance pays a death benefit when the insured party dies. So, it is insurance on someone's life.
Non Life Insurance (such as home, auto, general liability) insurance covers something else other than a person's life.
Wiki User
∙ 13y ago
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What is non-life insurance?
Its all insurance that is not life insurance such as health insurance, auto insurance, home insurance, and so on.
What is non-life insuran?
General insurance or non-life insurance policies, including automobile and homeowners policies, provide payments depending on the loss from a particular financial event. General insurance is typically defined as any insurance that is not determined to be life insurance.
What life insurance companies are non-direct recognition companies?
New York Life
Is Northwestern Mutual a non-direct recognition life insurance company?
No it is not.
What is non-participating policy in life insurance?
A policy where the insured does not receive dividends due to non-participation.
What is the difference between Non Trucking Liability insurance and Bobtail Insurance?
your not covered for damages
What is the difference between Non Trucking Liability and Bobtail insurance?
same thing
Difference between marine and non marine insurance?
Marine insurance covers the loss of ships, cargo, terminals, and the loss of cargo. Non-marine insurance does not cover any of these things and would include all other types of insurance.
What is the difference between life insurance reinstatement and revival?
As per my knowledge both Reinstatement & Revival are two different terms for the same thing , definition of which is following :-- The process by which an insurer puts back into force a life insurance policy that has been terminated for non-payment of premiums or a life insurance policy that has been continued as an extended term or reduced paid-up insurance.
What is non-life insurance?
Its all insurance that is not life insurance such as health insurance, auto insurance, home insurance, and so on.
Is it compulsory to procure composite license for Life and Non Life Insurance?
yes. because Life and non-life are two different kind of insurance.
What is the difference between life insurance premium and non life insurance premium?
Life insurance pays a death benefit when the insured party dies and the money can be given to his or her friends, family or next of kin. Non Life Insurance covers objects for theft or damages including home, property and cars.
Is self insurance similar to non insurance?
If you get coverage for self whether life or medical insurance - definitely it is not non-insurance but coverage either for life or for illness/disease.
What companies offer non medical life insurance?
There are a number of companies that offer non medical life insurance. One can get this service from 'Sun Life Financial', 'CAA', 'Fidelity Life Direct' and 'Life Insurance Canada'.
What is the Distinction between compulsory and non compulsory insurance?
differentiate between complusory and non-compulsory insurance and examples of each
What is the difference between a proposition and a non proposition?
difference between a proposition and non proposition
What is non-life insuran?
General insurance or non-life insurance policies, including automobile and homeowners policies, provide payments depending on the loss from a particular financial event. General insurance is typically defined as any insurance that is not determined to be life insurance.
