Insurance, Meaning, Types, Benefits & more.
Insurance An insurance policy is a kind of financial instrument that offers protection against the possibility of damages or losses in the future. A contract, which is referred to as an insurance policy, is involved in this process. In this contract, a person or corporation (the policyholder) pays monthly payments to an insurance firm in return for protection against certain risks. How Insurance Works ? Policyholder: A person or organization that is responsible for purchasing … Read more