What do you know about insurance?

Question

Accepted Answer

Insurance is a contract between an individual and an insurance company, providing financial protection against potential losses.

Insurance is a form of risk management.
It involves the transfer of risk from an individual to an insurance company.
Insurance policies provide financial compensation in case of specified events or losses.
Types of insurance include life, health, property, auto, and liability insurance.
Premiums are paid by the insured to the insurance company in exchange for coverage.
Insurance helps individuals and businesses mitigate financial risks and provides peace of mind.

Accepted Answer

Insurance is a method by which you can protect yourself and your loved ones from facing a financial crisis.

Accepted Answer

I know about life insurance that the people where they can manage risk

Accepted Answer

If you're a commerce student then I need to learn it from you, because I am from arts background! But if you're also an arts student, then all you can know about insurance is that there's some insurance in the market called home insurance, car insurance, medical insurance etc. Now you can not understand the whole Funda about insurance from Google within some hours. So it's better to surrender yourself and tell them what you actually know about insurance.

What do you know about insurance?

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