Domain Knowledge is always must to have


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.


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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