What do you know about the insurance

Question

Accepted Answer

Insurance is a financial product that provides protection against financial losses.

Insurance is a contract between an individual or organization and an insurance company, where the insurer agrees to provide financial protection in case of specified events such as accidents, illnesses, or property damage.
Types of insurance include health insurance, life insurance, auto insurance, and property insurance.
Insurance premiums are the payments made by the insured to the insurance company in exchange for coverage.
Insurance policies outline the terms and conditions of coverage, including the coverage limits, deductibles, and exclusions.
Insurance companies use actuarial science to calculate the risk of insuring a person or entity and determine the appropriate premiums to charge.
Insurance helps individuals and businesses manage risk and protect themselves financially from unexpected events.

Top Bajaj Allianz Life Insurance Senior Financial Manager interview questions & answers