What is life and general insurance

Question

Accepted Answer

Life and general insurance refers to the coverage provided for individuals and businesses against financial losses due to various risks.

Life insurance provides financial protection to the insured's family or beneficiaries in the event of their death.
General insurance covers a wide range of non-life risks such as property damage, liability, and health.
Life insurance policies can include term life, whole life, or universal life insurance.
General insurance policies include auto insurance, home insurance, travel insurance, and business insurance.
Life and general insurance companies assess risks, determine premiums, and provide compensation or benefits when necessary.

Accepted Answer

Life insurance provides financial protection to the insured's family or beneficiaries in the event of their death.

Accepted Answer

General insurance covers a wide range of non-life risks such as property damage, liability, and health.

Accepted Answer

General insurance policies include auto insurance, home insurance, travel insurance, and business insurance.

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