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SARAVANAN SIVAJI

Basics of Insurance

Posted by SARAVANAN SIVAJI on September 9, 2009

What is Insurance?
## Insurance is a form of shield against financial losses due to an unexpected event.
## Insurance is the of distributing risks. We can say, a way of risk management.
## Insurance is a way of transferring the risk of a potential loss, from one entity to another, in return for fixed payments called premium.
## Insurance is an intangible product.
## Insurance is the system by which losses suffered by a few are spread over many, exposed to similar risks.

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One Response to “Basics of Insurance”

  1. Wow, this article is good, my younger sister is analyzing
    these kinds of things, therefore I am going to tell her.

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