Insurance

Insurance:

Insurance can be explained like the future plan in case of avoiding huge financial crisis when any disaster happened to your life or general things that you will be needed in your day to day life. It’s your personal care to assure protection against the damage occurred to the valuable things. You can insure your life and your personal thing like health, travel, auto, and property etc., Insurance is like a deal between you and the Insurance Company.

You pay particular amount called premium to the company for few years or months depending on the plan you have taken and when any damage happened to your personal things or any sudden catastrophe then the Insurance Company take care of your things and help you financially.Types of Insurance and their functions are described in the next post.

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