Broad Classification Of General Insurance
General Insurance or non life insurance, based on the Indian Insurance Act, 1938, is broadl classified into –
1. Fire Insurance
2. Marine Insurance
3. Miscellaneous
Another classification is Traditional and Non-Traditional insurance policies; the former including fire insurance and marine insurance, motor insurance, burglary insurance among others.
General Insurance or non life insurance, based on the Indian Insurance Act, 1938, is broadl classified into –
1. Fire Insurance
2. Marine Insurance
3. Miscellaneous
[Post Image Courtesy of Stuart Miles at FreeDigitalPhotos.net]
Another classification is Traditional and Non-Traditional insurance policies; the former including fire insurance and marine insurance, motor insurance, burglary insurance among others.
Insurance Law And Practice - ICSI
Broad Classification Of General Insurance
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Tuesday, May 23, 2017
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