Difference between Assurance and Insurance

Post Reply
divyagoel61
Newbie
Posts: 6
Status: Offline

Difference between Assurance and Insurance

Post by divyagoel61 » 11 Oct 2017, 00:09

Assurance is about life assurance and its of 5 types that is wholelife, term, pure endowment, endowment and deferred wholelife. And here insurer knows the fixed sum assured. On the other hand, about Insurance its a general insurance like health insurance, Vehicle insurance etc. and here insurer doesn't knows about the sum assured.
Am I right? :roll:
User avatar
Mayank
Site Admin
Posts: 197
Status: Offline

Re: Difference between Assurance and Insurance

Post by Mayank » 11 Oct 2017, 00:19

possibly, but the main difference is Insurance is protection against anticipated but Assurance(edited) is against definite. Say, to indemnify and latter one to assure. 
Mayank Goyal
divyagoel61
Newbie
Posts: 6
Status: Offline

Re: Difference between Assurance and Insurance

Post by divyagoel61 » 11 Oct 2017, 13:04

Would you want to say that assurance is against definite??
may be its that!! I got your point thankyou for adding one more point.
Post Reply