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InterviewSolution
| 1. |
Difference b/w Life Insurance ?& Fire Insurance ? |
| Answer» The main\xa0difference between Fire Insurance\xa0and\xa0Life Insurance\xa0is,\xa0fire insurance\xa0covers the losses caused by the properties of the policyholder whereas\xa0life insurance\xa0covers the losses that happened to the person of the policyholder. Life insurance covers your life. In case of policyholder’s premature demise within the policy term, the insurance company pays the sum assured to the nominee. One of the most essential financial instruments, life insurance helps your family to stay financially independent, square off liabilities taken in the form of loans, maintain the lifestyle provided, and keep essential goals on track. | |