Business Studies, asked by saniya19may, 9 months ago

1. What is insurance ?

Answers

Answered by vijaydk24
4
insurance


noun

1.

an arrangement by which a company or the state undertakes to provide a guarantee of compensation for specified loss, damage, illness, or death in return for payment of a specified premium.

"many new borrowers take out insurance against unemployment or sickness"

Answered by ItzXmartySHRUTI
3

Answer:

an arrangement by which a company or the state undertakes to provide a guarantee of compensation for specified loss, damage, illness, or death in return for payment of a specified premium.

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