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What is Non-Life Insurance?

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RBI Grade BNABARD ESISEBI
  • Comprises other types of insurance products besides life insurance.
  • Also known as general insurance in India.
  • Provides coverage for damages on an indemnity basis.
  • Protects insured monetarily by providing money in case of accidental loss.
  • Examples
    • Fire, Marine, Motor, Health, home, factory, shop, travel, and liability insurance.
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