what is insurance? And Type of insurance?
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Answer / shamim
it is a financial tools of minimizing the unforeseen risk
two types
1) life
2) General
3) marine
4) others
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Answer / h.r. sreepada bhagi
Insurance is the way to cover uncertain future risks which
may result in financial loss or expense from an insurance
company/ies by paying a certain premium.
It may be life insurance or non-life insurance. Life
insurance is also called life assurance as the insured gets
back a certain sum of money. However in case of non-life
insurance payment of money by the insurance company to the
insured depends up on happening or otherwise of certain
acts/incidents causing financial loss/expense.
| Is This Answer Correct ? | 3 Yes | 2 No |
Answer / nisha
insurance is a tool to reduce future uncertainty for which insurer receive premium.
type of insurance are:
1)life insurance
2)general insurance-it consist all type of insurance rather then life insurance.
| Is This Answer Correct ? | 0 Yes | 1 No |
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