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Introduction to Insurance Concepts by mohit kumar is a document available to read on EtoBox.

What is Introduction to Insurance Concepts about?

Life insurance is a contract where the insurer pays a stipulated sum to the life assured or beneficiary upon death or expiry of a fixed period in exchange for premiums. Insurance provides economic security through risk pooling and transfer, with individuals contributing small amounts to a common fund that pays out to those affected by risks like fire, accidents or death. It reduces the burden of risks through compensation for primary losses and peace of mind from the secondary burden of uncertainty.

Author

mohit kumar

Language

EN