What is the objective of insurance?

What is the objective of insurance?

The objective of insurance is to provide individuals, businesses, and society with financial protection against potential risks and losses. ...
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What is the role of insurance?

What is the role of insurance?

The role of insurance is to provide financial protection and mitigate risks for individuals, businesses, and society as a whole. Here are th...
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Who is insured in simple words?

Who is insured in simple words?

In simple terms, the insured is the person or entity that has obtained insurance coverage.  They are the ones who have taken the...
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What is difference between Insure and Insurance?

What is difference between Insure and Insurance?

The terms "insure" and "insurance" are related but have distinct meanings: 1. Insure (verb):  The term ...
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What do you mean by insurance?

What do you mean by insurance?

Insurance is a way to protect yourself from financial losses that can happen unexpectedly. When you have insurance, you pay a ce...
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what is Insurance meaning importance and types?

what is Insurance meaning importance and types?

Insurance is a financial arrangement where individuals or businesses pay a certain amount of money called a premium to an insurance company ...
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