Submitted To:-

Miss Monica

Topic :- Insurance

Submitted By :- Gurinder

jit singh

Life Insurance

fire Insurance

Health Insurance

Marine

Insurance

Life insurance provides a monetary benefit to a descendant's family or otherdesignated beneficiary, and may specifically provide for income to an insuredperson's family, burial, funeral and other final expenses. Life insurance policiesoften allow the option of having the proceeds paid to the beneficiary either in alump sum cash payment or an annuity.

FIRE INSURANCE

o Fire insurance is a insurance that cover property, such as home shop or

other fixed asset protection against fire,

burn Etc..It also cover distraction of property

due to fire. ss

o A type of insurance

coverage that pays for

medical and surgical

expenses that are incurred

by the insured . Health

insurance can either

reimburse the insured for

expenses incurred from

illness or injury or pay the care provider directly

Health Insurance

MARINE INSURANCE

o Marine insurance and marine cargo insurance cover the loss or damage of vessels at sea or on inland waterways, and of cargo in transit, regardless of the method of transit. When the owner of the cargo and the carrier are separate corporations, marine cargo insurance typically compensates the owner of cargo for losses sustained from fire, shipwreck, etc., but excludes losses that can be recovered from the carrier or the carrier's insurance loss.

Basis of Distinction Life Insurance Fire Insurance Marine Insurance

1. Subject matter The subject matter of

insurance is Human

life.

The subject matter of

insurance is any

physical property or

assets.

The subject matter of

insurance is ship,

cargo or freight.

2.Element It has the element of

protection or

investment or both.

It has the element of

protection and not

for the element of

investment.

It has only the

element of

protection.

3.Duration It exceeds a year

and it taken year

from 5 to 30 year or

whole life.

It does not exceeds

a year.

It is for one or period

of voyage or mixed.

4.Loss Measurable Loss is not

measurable.

Loss is measurable. Loss is measurable.

5.Policy Amount One can insure for

any amount in life

insurance.

The amount of the

policy cannot be

more than the value

of the matter.

The amount of the

policy can be the

market value of the

ship or cargo.