Difference between life insurance,fire insurance &marine insurance on the basis define in easy language. ..

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okh
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Please see answer below
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Life Insurance : insurance that pays out a sum of money either on the death of the insured person or after a set period.
Fire Insurance :  insurance taken out to cover the cost of damage caused by fire.
Marine Insurance : covers the loss or damage of ships, cargo, terminals, and any transport or cargo by which property is transferred, acquired, or held between the points of origin and final destination.    
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