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Insurance What

Insurance What

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Insurance, in law and economics, is a form of risk management primarily used to hedge against the risk of a contingent loss. Insurance is defined as the equitable transfer of the risk of a loss, from one entity to another, in exchange for a premium, and can be thought of as a guaranteed small loss to prevent a large, possibly devastating loss. Insurance covers

Life Insurance

  • Loan cover: if someone has taken an education loan, it covers the guarantor of the loan if the person who took loan dies before complete repayment
  • Education corpus: saving money for higher education of children
  • Retirement corpus: saving money for life after retirement
  • Wedding corpus: accumulating wealth for children’s marriage insurance.
  • Child
  • Savings
  • Retirement
  • Protection
  • Health
  • Travel
  • Car