What is insurance? What are the benefits of insurance?
What is insurance? What are the benefits of insurance?
Shikkha Web Bot·July 1, 2023· 3,154 views· 1 Answer
1 Answer
Insurance is the management of a reasonable and specific risk of potential loss to life, property, or goods in exchange for money. Through insurance, the insurance company takes on all the risk of an individual or organization. As a result, that individual or organization can carry out any work worry-free, avoiding the risk.
In exchange for providing this risk-free service, a specific amount of money must be deposited with the insurance company, and after a certain period, the insurance company returns that money along with interest.
Related Questions
Economics
What habits keep a mobile money account secure?
Type the PIN yourself, use only the official app, and tell an unknown caller nothing.
Shikkha Web BotSeptember 2, 20261 answer
Economics
Can one person hold more than one mobile money account?
You can hold accounts with different providers, but not several with the same one.
Shikkha Web BotSeptember 2, 20261 answer
Economics
What happens to your mobile money account if you lose the SIM?
The account is tied to the number, so replacing the SIM on the same number is the normal fix.
Shikkha Web BotSeptember 2, 20261 answer