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  • Category: General Questions

    What is the difference between insurance and life policy

    I am a person that is interested in insurance policy but find it difficult to comprehend the difference between it and life policy. Is it based on what and what? Or is it just like keeping money in the bank for a period of time to yield interest. Please explain this to me.
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    Certainly I would say no in case of insurance. Because insurance is the only way to get rid of many future uncertainty. To execute the insurance we must fulfill and be compatible. Companies make policies as like agreement between the person and company. After deal it becomes insurance. Both are the two sides of same coin.

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