Insurance is a way of protecting yourself from costs due to damage to your property or your health. A premium is the amount of money you pay to an insurance company to have an insurance policy cover you for all or…
Benefits of Insurance
Insurance is a legal agreement between two parties – the insurer and the insured, also known as insurance coverage or insurance policy. The insurer provides financial coverage for the losses of the insured that s/he may bear under certain circumstances. Let’s…
What is Insurance and How it Works?
Insurance is a way to manage your risk. When you buy insurance, you purchase protection against unexpected financial losses. The insurance company pays you or someone you choose if something bad happens to you. If you have no insurance and an…
Importance of Insurance
Insurance is one of the ways you can mitigate and hedge against the risk of unforeseen losses. While risks lead to rewards, the downside is a possible loss. Losses can happen due to multiple reasons both on professional and personal fronts….