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There are
basically two kinds of insurance,
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Life Insurance, and |
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General or Non–Life Insurance |
Life Insurance provides for the payment of a stated sum to the
beneficiary in the event of death during the term whereas in
non life Insurance, the Insurer indemnifies the insured for
the financial loss suffered by an asset due to contingencies
like fore, flood, theft, etc. Life Insurance covers human
lives whereas Non Life Insurance covers the rest mainly
classified into marine, fire and miscellaneous.
Way2Wealth offers the following types of Insurance under
each type:
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