Question

The insurance which does not come under the ambit of life insurance is called .............

Hint:

If it’s not life, it’s general insurance — covering all tangible and non-life risks.

Answer 1

Insurance can be broadly categorized as life insurance and general insurance.
Life insurance provides financial protection related to the life or death of an individual.
It offers life cover, savings, and investment benefits for the policyholder and their family.
Any insurance that covers other types of risks except human life falls under general insurance.
Examples include policies that protect against fire damage, theft, vehicle accidents, marine losses, and health expenses.
Such insurances indemnify the insured for actual loss or damage to property or assets.
Therefore, the insurance that is not life insurance is called General Insurance.