Benefits of Life Insurance Policy A life insurance policy is an agreement between you and an insurance company. You agree to pay them a certain amount of money every so often while you’re alive. In return, they promise to give a lump sum of money to the people you choose when you die. The following […]
10 Main Benefits of Life An Insurance Policy [Explained] Read More »
Benefits of Insurance Insurance is a risk-sharing device for people as well as organizations. You can enjoy numerous benefits when you enter into an insurance contract. Here, we will explain the 10 major advantages or benefits of insurance to individuals as well as businesses. Let’s get started. Provides Financial Security Insurance provides financial security by
10 Advantages/Benefits of Insurance [Explained] Read More »
Types of Insurance Insurance can be defined as the legal agreement between the insurance company and the policyholder in which the insurance company agrees to compensate the policyholder for the occurrence of events outlined in the contract against the amount of premium paid by the insured. Based on the nature and requirements insurance can be
The 8 Main Types of Insurance Contracts [Explained] Read More »
Concepts of Insurance Insurance is a contract between two parties where you as a policyholder agree to pay premiums regularly or periodically and the insurer or insurance company in return gives you an assurance to protect you financially in outlined unexpected events. The concept of insurance had been in practice for a long time ago
2 Concepts of Insurance – Functional and Contractual [Explained] Read More »