What is the insurance

Question

Accepted Answer

Insurance is a financial product that provides protection against specified risks in exchange for payment of a premium.

Insurance is a contract between an individual or organization and an insurance company.
The individual or organization pays a premium to the insurance company in exchange for coverage against specific risks.
Types of insurance include health insurance, life insurance, auto insurance, and property insurance.
Insurance helps individuals and organizations manage risk and protect against financial losses.
Insurance policies typically outline the coverage provided, exclusions, deductibles, and limits of liability.

Accepted Answer

Insurance is a financial product that provides protection against specified risks in exchange for payment of a premium.

Accepted Answer

Insurance is legal agreement between two party's insurere and the insured i can say that  insurance coverd losses according to insurance policies and provide guarantee Ill support in future

Accepted Answer

Insurance is an arrangement by which company or state undertakes to provide a guarantee of compensation for specified loss, demage, illness and death in terms for payment of specified payment.

What is the insurance

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