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Why is health insurance important to every person?
(1) Affordable Health Insurance One of the important insurance that a person should do is health insurance. Medical expenses are so much higher that every person cannot afford when they were suffering from major illness or an accident. Health insurance is a method or a way to pay medical expense in exchange for premiums.
What do you need to know about life insurance?
Life insurance is known as ' Life Assurance'. Life insurance provides risk coverage to the life of a person . Insurance provide protection against loss of income and compensate to the policy holder when the person death. What if you died today?
Which is the main principle of an insurance policy?
The main principle underlying insurance is the pooling of risks. It is a co-operative device to spread the loss caused by a risk (which is covered by insurance) over a large number of persons who are also exposed to the same risk and insure themselves against that risk.
What should be included in an essay on insurance?
Essay on the Fundamental Principles or Features of an Insurance Contract Essay on the Advantages/Utilities/Importance of Insurance Essay # 1. Meaning of Insurance: Risk and uncertainty are incidental to life. These risks and uncertainties are increasing day by day due to increase in fastness of life. Man may meet an untimely death.
Last Update: Oct 2021
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