Economy, asked by pathanfaizulla250, 7 months ago

Explain basic principal of insurance contract.

Answers

Answered by StrangeStark

10

ᴛʜɪs ɪs ᴀ ᴠᴇʀʏ ʙᴀsɪᴄ ᴀɴᴅ ᴘʀɪᴍᴀʀʏ ᴘʀɪɴᴄɪᴘʟᴇ ᴏғ ɪɴsᴜʀᴀɴᴄᴇ ᴄᴏɴᴛʀᴀᴄᴛs ʙᴇᴄᴀᴜsᴇ ᴛʜᴇ ɴᴀᴛᴜʀᴇ ᴏғ ᴛʜᴇ sᴇʀᴠɪᴄᴇ ɪs ғᴏʀ ᴛʜᴇ ɪɴsᴜʀᴀɴᴄᴇ ᴄᴏᴍᴘᴀɴʏ ᴛᴏ ᴘʀᴏᴠɪᴅᴇ ᴀ ᴄᴇʀᴛᴀɪɴ ʟᴇᴠᴇʟ ᴏғ sᴇᴄᴜʀɪᴛʏ ᴀɴᴅ sᴏʟɪᴅᴀʀɪᴛʏ ᴛᴏ ᴛʜᴇ ɪɴsᴜʀᴇᴅ ᴘᴇʀsᴏɴ's ʟɪғᴇ.

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