Which of the following types of insurance does not come under the category of general insurance?
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Property insurance
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Personal insurance
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Liability insurance
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Life insurance
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Fire insurance
D
Correct answer
Explanation
General insurance is typically defined as any insurance that is not determined to be life insurance. Life Insurance is not a general insurance since it is an insurance that pays out a sum of money either on the death of the insured person or after a fixed period.
General insurance is typically defined as any insurance that is not determined to be life insurance. Fire insurance is a general insurance.