What is Insurance? Insurance is a way of protecting yourself or your belongings from the risk of loss or damage due to unforeseen events. It is a legal agreement between you and an insurance company, where you pay a regular amount of money (called premium) and the company promises to compensate you for…
Introduction Insurance is a financial product that reduces or eliminates the cost of loss or effect of loss caused by different types of risks. It provides a safety net for your investments, property, health, life, and even legal liabilities. The different types of insurance policies include Life, Health, Liability, Property, Auto, Disability, Home,…
Introduction We all face different kinds of risks in our daily lives. Some of these risks are predictable, while others are not. Some of these risks can cause minor losses, while others can cause major losses. How can we prepare ourselves for these uncertain events and reduce their impact? The answer is insurance.…
