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adjective [ before noun ] INSURANCE uk us. Add to word list. not related to life insurance: non-life insurance/business/cover The insurance company said non-life business accounted for 62% of its overall income. (Definition of non-life from the Cambridge Business English Dictionary © Cambridge University Press) Examples of non-life. non-life.
Non-life insurance, also known as general insurance, refers to insurance policies that cover risks other than life. These policies provide financial protection against losses or damages to assets such as property, vehicles, health, and liability.
Put simply, non-life insurance is any type of insurance other than life insurance. While life insurance is broken down into permanent and term life policies, non-life insurance includes many types of other insurance policies. Non-life insurance may cover people, property or legal liabilities.
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.
18 Ιαν 2024 · General insurance, property insurance and casualty insurance are other names of non-life insurance. It can be defined as any insurance that is not related to life insurance. People, legal liabilities and properties are covered under a non-life insurance policy.
26 Απρ 2022 · Non-life insurance is also known as general insurance. This type of insurance provides coverage for damages other than benefits available for example health insurance, home/property insurance, auto insurance, business insurance, etc.
8 Μαΐ 2024 · Non-life insurance, also known as general insurance, provides protection against financial losses that may occur due to events such as accidents, natural disasters, or damage to property. What are the different types of non-life insurance?