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Insurance Company

Insurance Company

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Published by vedanshjain
breif summery of life insurance
breif summery of life insurance

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Published by: vedanshjain on Sep 24, 2009
Copyright:Attribution Non-commercial


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Insurance Company
Presented ByVedansh JainRoll No 56
Overview on Insurance
Insurance may be defines “as social device,to protect the economic value of theLife and other assets”.“ A contract between two parties, wherebyone party called Insurance insurerundertakes in exchange for a fixed sumcalled premiums, to pay the other partycalled insured a fixed amount of moneyon the happening of a certain event."
Features & Benefits
Insurance is basically a protectionagainst a financial loss, which canarise on the happening of anunexpected event. Insurancecompanies collect premiums toprovide for this protection. Bypaying a very small sum of money aperson can safeguard himself andhis family financially from anunfortunate event.

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