What are the key differences between life insurance and general insurance?2 min read . Updated: 04 Jun 2022, 09:47 AM IST
- Life insurance pays out if the policyholder dies, whereas general insurance pays out if the policyholder suffers an unexpected loss, such as an accident, theft, or sudden liability. Life insurance is a long-term commitment for which you must pay premiums in regular installments. We try to uncover some of the key differences between the two.