There are different ways of classifying insurance one of which is the one based on the type of insurance (and length of the period). Short term insurance covering risks associated with assets is called general insurance while longer term insurance is called life insurance.
I was not waking up at 1am for statistics classes to be quiet at my graduation. Pls be very brave. I haven’t even started lol. And remain brave because in a month I begin tweeting my B-School journey and it is about to get (academically) worse.