Monday, February 25, 2008

Refer Me As10

Assam

A state in India

Assignment

Work allocated to a person. For example work given to a student by a teacher

Assurance

People confuse betweenassurance and insurance.

The Concise Oxford Dictionary brings out the subtle difference between the two terms.
Assurance refers to those insurance policies which guarantee payment on death of the person whose life is insured or on expiry of the prescribed period, whereas insurance refers to those policies where payment would be made only in the prescribed circumstances — death or accident happening within a specified period.

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