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    Question

    What is the difference between life insurance and

    general insurance in India?
    A Life insurance covers death and disability, while general insurance covers other types of risks Correct Answer Incorrect Answer
    B Life insurance is provided by the government, while general insurance is provided by private companies Correct Answer Incorrect Answer
    C Life insurance covers individuals, while general insurance covers businesses and institutions Correct Answer Incorrect Answer
    D There is no difference between life insurance and general insurance in India Correct Answer Incorrect Answer
    E None of the above Correct Answer Incorrect Answer

    Solution

    Life insurance and general insurance are two different types of insurance in India. Life insurance covers risks related to death and disability, while general insurance covers risks related to property, health, and other types of risks. Life insurance is generally a long-term contract and provides a lump-sum payment to the beneficiaries in case of the policyholder's death or disability. General insurance, on the other hand, is a short-term contract and provides compensation for losses or damages caused by unforeseen events like accidents, thefts, natural disasters, and other similar risks. Hence, option A is correct.

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