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networks that consists of private, public, academic, business, and government networks of
local to global scope, linked by a broad array of electronic, wireless, and services, such as the
inter-linked hypertext documents and applications of the World Wide Web (WWW), electronic
mail and file sharing.
c. Email:

Electronic mail (email or e-mail) is a method of exchanging mail between people using
electronic devices.Today's email systems are based on a store-and-forward model. Email
servers accept, forward, deliver, and store messages. Neither the users nor their computers
are required to be online simultaneously; they need to connect only briefly, typically to a mail
server or a webmail interface for as long as it takes to send or receive messages.
Comparative Study/Distinguish Between
(1 ) Life Insurance, Fire Insurance and Marine Insurance

Life Insurance Fire Insurance Marine Insurance
1. Meaning
A contract where by the A contract in which insurer A contract where by the insurance
insurance company undertakes promises to pay compensation company undertakes to pay
to pay a certain sum of money to insured if something happens compensation to in insured in
either on death or maturity to the subject matter due to fire case of loss to him due to dangers
(whichever is earlier) for a or related events. (perils) of the sea.
consideration (premium)

2. Policy taken by

It can be taken by an individual It can be taken by individual It can be taken by exporters,
for his own life or for his family for their properties or by importers and shipping
members. businessman. For their goods, companies etc.
properties business liabilities.
3. Subject matter
In life insurance, the life of the In Fire insurance, the goods and In Marine insurance, goods in
insured is a subject matter assets or property of the insured ship, cargo and freight is the
is the subject matter. subject matter.
4. Insurable Interest
It must exists at the time of It must exist both at the time of It must exist at the time of
contract contract and also at the time of contract and also at the time of
loss. loss.
5. Tenure
The policy can be issued for It is generally for a short period It is generally for a short period
any number of years, even until like one year. and may range from one month
the death of the assured. to a year. Normally it does not
exceed one year.
6. Compensation
It is paid either on death or It is paid only if there is loss due It is paid only if there is loss
maturity whichever is earlier. to fire during the term of policy causing event during the term
of the policy.

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