What Is Insurance?

 What Is Insurance?

Introduction To Insurance:

It is a type of risk management, in witch insured person give fund called premium to an organization may be private or government body to overcome future potential loss. Insurance is a system which allows a person, his business and organization to stand in bad time like any potential loss, financial crashes etc. and this insurance is generally available in affordable price. insurance is true friend for any bussiness.

Insurance

 To understand Insurance better we take example of "Life Insurance"

Lets assume their is a person say John in a family, which lead it and is the main source of income and food for this family. Unfortunately if John die prematurely than their is not any source of income for this family. Luckily if John take a Life Insurance policy than this insurance give her family income against insured amount filled by premiums of John.

Read more