INSURANCE: UNDERSTANDING ITS SIGNIFICANCE AND TYPES

what is insurance

INTRODUCTION Insurance is a vital tool for managing financial risks. It entails concluding a contract with an insurance provider which is known as a policy. This contract provides policy holders with financial protection or reimbursement in the event of losses. Insurance serves to pool risks from multiple individuals, making payments more affordable for the insured. …

INSURANCE: UNDERSTANDING ITS SIGNIFICANCE AND TYPES Read More »