Insurance

Fundamentals of Risk and Insurance: Insurance Basics

How does Life Insurance work ? Insurance lives up to expectations by pooling risk. It basically implies that a large group of individuals who need to insure against a significant losses by paying premiums which is known as Insurance pool. Probability of real loss occurrence is very less (single digit percentage) from the group of …

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What is Insurance Policy and Types of Insurance: Insurance Basics

Insurance Definition: Protecting or safeguarding significant loss is called as Insurance. It¬†is a type of risk protection and wealth management strategy as a part of financial planning for an individual or an organisation. “Insurance companies offering insurance products are termed as Insurance Policy”. In insurance policy¬†insurer can cover cost of potential loss in exchange by …

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