Insurance comes under the ambit of a contract under which the insured party is compensated for the damage or loss caused by unforeseen events which are not in the control of the concerned party. Various insurance policies are available, the most common being the health, life, and automobile insurance policies. The Insurance Regulatory and Development […]
In today’s time, you don’t know when any risk can occur in your life or what can happen. Everything is merely unpredictable. The fact is you can get protected against all types of risks and one way to this is Insurance. Insurance provides you protection against all types of risks and acts as a guard.
In today’s scenario, we are facing uncertainties in every aspect of life. Life is full of unpredictable things. How things will change tomorrow, nobody knows. In business, there are uncertainties of fluctuation in prices, market changes, floods, war, etc. Our lives are also unpredictable because there can be diseases, injuries, accidents and many more things.
Every individual desires to secure his life interest by investment in tangible property, i.e. life insurance so that in case of need they can use it optimally. The term life insurance means it is a contract between the policy owner and the insurer, where the latter agrees to repay the happenings of an insured individual’s