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what is the meaning of insurance
hello everyone..
Can anyone tell what is the meaning of insurance? Your ideas highly appreciated here.Thanks in advance. Financial Planning |
nice to meet you dear,
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Nice to meet you.
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Insurance is defined as the equitable transfer of the risk of a loss, from one entity to another, in exchange for a premium, and can be thought of as a guaranteed and known small loss to prevent a large.
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what is the meaning of insurance
Insurance is a contract, represented by a policy, in which an individual or entity receives financial protection or reimbursement against losses from an insurance company. The company pools clients' risks to make payments more affordable for the insured.
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