Insurance General Meaning In Tamil
The usual term lasts for the duration of a particular economic activity or a given period.
Insurance general meaning in tamil. Insurance contracts that do not come under the ambit of life insurance are called general insurance. The insurance is not only a protection but is a sort of investment because a certain sum is returnable to the insured at the death or the expiry of a period. Car insurance in tamil nadu the second largest state economy in india tamil nadu lies in the southernmost part of the indian subcontinent. Relating to a genus or kind.
General insurance includes property insurance liability insurance and other forms of insurance. Most general insurance products are annual contracts. The act of insuring or assuring against loss or damage by a contingent event. Following are the different types of general insurances in india.
The tangible assets are susceptible to damages and a need to protect the economic value of. As a state tamil nadu is extremely well developed and boasts of a solid economy and employment potential with the highest number of business enterprises compared to any other state in india. General insurance is typically defined as any insurance that is not determined to be life insurance it is called property and casualty insurance in the united states and canada and non life insurance in continental europe. However general insurance in india is bifurcated as fire engineering marine and miscellaneous insurance.
Definition features types general insurance. General insurance or non life insurance policies including automobile and homeowners policies provide payments depending on the loss from a particular financial event. Tamil dictionary definitions for general. Unlike life insurance policies the tenure of general insurance policies is normally not that of a lifetime.
A contract whereby for a stipulated consideration called premium one party undertakes to indemnify or guarantee another against loss by. Let us look at them as per the use and general acceptability. Pertaining to a whole class or order. The different forms of general insurance are fire marine motor accident and other miscellaneous non life insurance.
Tamil dictionary definitions for insurance.
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