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ISSN Print: 2394-7500, ISSN Online: 2394-5869, CODEN: IJARPF

International Journal of Applied Research

Vol. 1, Issue 9, Part B (2015)

Insurance awareness of India

Author(s)
Adgaonkar Ganesh
Abstract
Insurance is a protection against financial hammering arising on the happening of an unexpected event. Insurance policy helps in not only mitigating risks but also provides a financial militate against adverse financial loads suffered. Insurance is a contract between two parties, the insurer or the insurance company, and the insured, the person seeking the cover. Within this contract, the insurer agrees to pay the insurer for financial losses arising out of any unforeseen events or risk in return for a regular payment of premium. Therefore, these insurance plans are also called as a Risk Cover Plans, which means to financially compensate for losses that occur uncertainly through accident, illness, theft, natural disaster.
Pages: 100-103  |  756 Views  28 Downloads
How to cite this article:
Adgaonkar Ganesh. Insurance awareness of India. Int J Appl Res 2015;1(9):100-103.
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International Journal of Applied Research