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  2. The main classifications of insurance are12:
    1. Life Insurance or Personal Insurance
    2. Property Insurance
    3. Marine Insurance
    4. Fire Insurance
    5. Liability Insurance
    Learn more:
    There are many types of Insurance, and the main types are; Life Insurance or Personal Insurance, Property Insurance, Marine Insurance, Fire Insurance, Liability Insurance, and Guarantee Insurance. Insurance is categorized based on risk, type, and hazards.
    www.iedunote.com/types-of-insurance

    The five major types of insurance are:

    • Life Insurance
    • Health Insurance
    • Fire Insurance
    • Marine Insurance
    • Vehicle Insurance
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