| Statement |
Life Assurance |
General Assurance |
| a)The event insured against may not happen. |
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| b)Always result in a claim. |
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| c)Cannot be used as a security to acquire a loan |
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| d)The insured risk is bound to happpen. |
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| e)The sum insured remains the same. |
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| f)May not result in a claim. |
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| g)There is no limit to he amount of cover that can be undertaken. |
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| h)May be used as security for a loan. |
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| i)Appreciate in value. |
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