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plz help meee different between life insurance and non life insurance in five points
These are two major types of insurance policies offered in the country. Life insurance covers the life or death of the policyholder. On the other hand, non-life insurance covers health and property of the policyholder depending upon the policy.
Life insurance provides a lump sum amount of sum assured at the time of maturity or in case of death of the policyholder. Non-life insurance policies offer financial protection to a person for health issues or losses due to damage to an asset.
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