What is the meaning of insurance, tell about the bharati axa insurance?

Question

What is the meaning of insurance, tell about the bharati axa insurance?

Answer 1

Insurance means transferring the risk to another person...

If you want details about bharati axa insurance please go to this website...

http://www.bharti-axalife.com/

all the best :))))

Answer 2

Insurance, in law and economics, is a form of risk management primarily used to hedge against the risk of a contingent loss. Insurance is defined as the equitable transfer of the risk of a loss, from one entity to another, in exchange for a premium. An insurer is a company selling the insurance. The insurance rate is a factor used to determine the amount, called the premium, to be charged for a certain amount of insurance coverage. Risk management, the practice of appraising and controlling risk, has evolved as a discrete field of study and practice.

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Answer 3

In layman's point of view, insurance can be a protection against financial loss arising on the happening of an unexpected situation like death of the person, permanent disability, loss in the business venture, accident, etc. for more details, simply visit- http://www.paisawaisa.com/.

Answer 4

Theory says, Insurance is defined as the equitable transfer of the risk of a loss, from one entity to another, in exchange for a premium. Basically it's a form of risk management.

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