The Benefits of Insurance to Individuals and Organisations

Insurance is actually an arrangement which a company or a state undertakes to provide the guarantee of a specific amount of compensation to the person or entity for a specified loss, damage, illness or death in return for a specific amount of premium that is paid by the person monthly. There are mainly four types of insurance policies: Life Insurance: it is a type of insurance that is done to provide financial security for the entire family in the event of the policy holder's death. Health Insurance: it is basically...

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