Types of Insurances, Why insurance is important? What do you mean by shares? What is stock market?

Question

Accepted Answer

Insurance is a financial product that provides protection against potential financial losses. Shares are units of ownership in a company. Stock market is a platform where shares of publicly traded companies are bought and sold.

Types of insurances include life insurance, health insurance, property insurance, and car insurance.
Insurance is important because it helps individuals and businesses manage risks and protect themselves financially.
Shares represent ownership in a company and can be bought and sold in the stock market.
The stock market is a marketplace where investors can trade shares of publicly listed companies.
Insurance and shares are both important aspects of financial planning and wealth management.

Accepted Answer

Unit link insurance, endorsement, whole life, child plan and term insurance

Accepted Answer

The insurance industry of India has 57 insurance companies 24 are in the life insurance business, while 34 are non life insurance ,

24 life insurance is very important

A share represents a unite of equity ownership in a company ,shareholders are entitled to any profit that the company may earn in the from of dividends

Types of Insurances, Why insurance is important? What do you mean by shares? What is stock market?

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