Exercises · Q6
Q.Distinguish between Life Insurance and General Insurance.
Tamil Nadu DgeTextbookSubjectiveImportance★★★★★
18% · 3/17 Questions
You're viewing a preview — the full solution, concept, methods & PYQ mapping are locked.
Start your 14-day free trial to unlock the full solution →| Basis | Life Insurance | General Insurance |
|---|---|---|
| Subject-matter | Human life | Property, cargo, vehicles, health, etc. |
| Contract of indemnity? | No — full sum assured is paid | Yes — only actual assessed loss is paid |
| Typical duration | Often long-term (whole life/endowment) | Usually short-term, renewed annually |
| Example | LIC term/endowment policies | Fire, marine, motor, health insurance |
Unlock everything free for 14 days
- Full step-by-step solutions
- Concept-first explanations
- Methods, shortcuts & mistakes
- PYQ mapping + timed mock tests
Full access for 14 days. No credit card required.