Ask a Question

Briefly explain the term' lnsurance'?

0 votes
23 views
in Insurance by (13.8k points)
Briefly explain the term' lnsurance'?

1 Answer

0 votes
by (166k points)
 
Best answer
A mechanism by which the person exposed to a potential risk arising out of events beyond his control transfers the financial loss in full or in part to the third party.

Related questions

0 votes
1 answer
Briefly explain the basic function performed by Insurance?
asked Mar 20 in Insurance by priya (13.8k points)
0 votes
1 answer
What is the main objective of life insurance companies?
asked Mar 20 in Insurance by priya (13.8k points)
0 votes
1 answer
What are whole life policies?
asked Mar 20 in Insurance by priya (13.8k points)
Copyright © 2021 Haren.in
...