Why Life Insurance?

Why Life Insurance?

Insurance as the name suggests provide assurance of payment of fixed sum of money in the event of unexpected loss against payment of some predictable sum of money called as premium. It is tool to hedge against the risk of contingency. Thus it transfers all the risk from the insured to the insurer or the insurance company for a certain fee. Hence, insurance policy allows individuals, businesses and other entities to protect themselves against potential losses and financial adversity in exchange of a reasonable premium.

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