Insurance: Meaning And Principles Of Insurance

Table Of Contents Meaning Of Insurance Principles Of Insurance Types Of Insurance Coverage Definition Of Insurance Insurance is defined as “A contract in writing whereby one party (the insurer), agrees, in consideration of either a single or a periodical payment, called the premium, to indemnify another party (the insured), against loss or damage resulting to … Read more

Insurance: Meaning Of Insurance, Types, Benefits And Services Provided By Insurance

MEANING OF INSURANCE Insurance can be defined as an arrangement by a person, a trader, group of individuals to protect life and property against loss. The decision to take u insurance is in recognition that life and mans activities are prone to risks and uncertainties. For instance a newly purchased car can develop engine problem … Read more