In law and economics, insurance is a form of risk management primarily used to hedge against losses, a contingent plan. Insurance is defined as the equitable transfer of risk of loss, from one entity to another, and life insurance in connection with any risks associated with body condition and our health
In return for payment. Insurance is a company that sells insurance, a policy the insured or a person or entity to purchase an insurance policy. The level of insurance is a factor used to determine the amount to be charged for a number of insurance protection, called premiums. Risk management, valuation and risk management practices, has evolved as a discrete field of study and practice.
This transaction involves the assumption of the insured is guaranteed and is known for relatively small losses in the form of payment to the insurer in return promises to compensate the insurance (compensation) in terms of insured losses are likely to destroy. Insured to receive a contract called an insurance policy that details the conditions and circumstances in which the insured will be compensated. By insurance companies.
For those of you who have been concerned with the life you make sure that you have insurance for your life better.