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Life insurance is a contract providing for payment of a sum of money to the person assured or, failing him, to the person entitled to receive the same, on the happening of certain event.
Health insurance is a contract between the policy holder and the insurance service provider whereby the later takes the responsibility to cover the insured person against certain illness/disease as specified in the policy bond up to an agreed sum insured against payment of premium payable yearly.
What else can I help you with?
Does your baby need private health insurance?
It depends on if there is a public health system available or not. however if there is not it could mean the difference between life and death.
What is the difference between accidental death life insurance and regular life insurance?
Usually the only difference between accidental death life insurance and regular life insurance is the name, although sometimes an accidental death life insurance will pay out more money if the death is accidental.
What is Life and health insurance suspension?
There's quite a difference between Life Insurance and Health Insurance, and it's important to know what you pay for and what you get. Sometimes you see life insurance and health insurance lumped together because of the fact that they both insure the person (rather than the car, the house, etc). The difference is that if you insure your health, with health insurance, then if you become ill then the insurance company pays for your medical treatment, whereas with life insurance, if you die then the insurance company pays your nearest and dearest and those who depend on you. They can't replace you, but they can provide financial help to cover the losses incurred because of your absence. If you have a job that pays a salary then in the case of a life insurance claim the insurance company pays so your family aren't left in stuck.
Difference between Reliance Life Insurance and LIC Which company is best In life insurance?
LIC
What is the difference between life insurance and whole life insurance?
The key difference between life insurance and whole life insurance is that regular life insurance carries a fixed term while whole life insurance covers one's entire lifetime. Whole life insurance also accumulates a cash value that one can borrow money against.
What is the difference between life insurance and life assurance?
The terms are interchangeable.
Is there a difference between a life annuity and an insurance annuity?
There isn't a real difference between life annuity and an insurance annuity. Both are a form of life insurance and deal with the same issues. I would go with either one.
What is the difference between term and whole life insurance if there is any?
The difference between term life insurance and whole life insurance is that a term policy covers the insured for a "term of years" whereas a whole insurance policy covers the insured for the entire life period.
What is the difference between indirect and direct quote life insurance?
The difference between indirect and direct quote life insurance is that the insurance level will differ. Direct is when someone dies, indirect involves other factors.
What is the difference between a life insurance producer and life insurance advisor in MA?
Life insurance producer can solicit and sell insurance. A life insurance advisor, cannot. An advisor can only give advice but not sell insurance.
Is privilege insurance the same as life insurance?
Privilege insurance is not the same as life insurance. To receive a better understanding of the difference between the two, it is best to contact an insurance agent.
What is the difference between a graded life insurance plan and a level life insurance plan?
A graded benefit life insurance plan is offered when the customer has an extensive health issues history. The difference between the graded life insurance and the level life insurance policy is that graded plan will pay less than the face amount of the policy in the first two policy years if the insured dies before the third policy year. Usually in the first two policy years the benefit paid equals the amount of insurance premiums paid plus a %.
