Commerce SSS2 Third Term
The student should be able to:
1. Describe the various types of insurance.
2. Differentiate between life insurance and non-life insurance.
Types of Insurance
There are different types of insurance which can be grouped into the following:
A. Life Insurance
Life insurance is the type of insurance policy that covers an event that is certain to happen. This type of cover is often referred to as assurance rather than insurance. There are two major types of life assurance and they are:
1. Whole Life Policy: Whole life.... View More
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