How to undertsand insurance and the different types of policies

Insurance is a contract between the Insurance Company and an individual/firm (Insured), to cover the risk on life and property. By taking a policy from an Insurance company, the insured is promised an assured sum by the Insurance Company.

Interetsed in Insurance

An insurance is a policy which offers a compensation towards the loss incurred by any firm or person (the insured). Risks or loss of different nature are covered by different kinds of policies.

Van Insurance for All

An Insurance is a promise to pay a compensation to an individual or an establishment by an Insurance Company. Insurance Companies issue different policies to cover losses (risks) of different nature. The policy is the contract between the Insurance Company and the Insured (an individual or the establishment).