What do you know about insurance

Question

Accepted Answer

Insurance is a contract between an individual and an insurance company to protect against financial loss.

Insurance provides financial protection against unexpected events such as accidents, illnesses, and natural disasters.
Premiums are paid to the insurance company in exchange for coverage.
Types of insurance include health, life, auto, home, and business insurance.
Insurance policies have terms and conditions that outline what is covered and what is not.
Insurance companies use actuarial science to calculate risk and determine premiums.
Claims are filed when a covered event occurs and the insurance company pays out benefits.
Insurance is regulated by state and federal laws to protect consumers.
Examples of insurance companies include State Farm, Allstate, and Geico.

Accepted Answer

a means of protection from financial loss in which, in exchange for a fee, a party agrees to compensate another party in the event of a certain loss, damage, or injur

Accepted Answer

It protects you from unplanned expenses and offers a financial cushion from accidents, illnesses and more. Insurance safeguards the financial interests of your family in your absence.

Accepted Answer

A savings account is a deposit account which allows limited transactions, while a Current Account is meant for daily transactions. Suitability A savings account ...

What do you know about insurance

Top Yes Bank Assistant Manager interview questions & answers

Popular interview questions of Assistant Manager

Top HR questions asked in Yes Bank Assistant Manager