Explain the principles of insurance with example
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insurance is the security which is paid in basis of loss or damages by insurance company... ..they retain the money in the form of insurance but certain amount of interest is paid in all the year till maturity date....for example fire insurance ...it is the one type of insurance which is provided by insurance company .eg.- a good which are stored in warehouse are damage due to fire .a insurance company investigate n damages the claim which are actually loss due to fire ..but before this we should insured that warehouse goods......
I think that this may help u ..??
I think that this may help u ..??
Answered by
1
insurance is the security which is paid in basis of loss or damages by insurance company... ..they retain the money in the form of insurance but certain amount of interest is paid in all the year till maturity date....for example fire insurance ...it is the one type of insurance which is provided by insurance company .eg.- a good which are stored in warehouse are damage due to fire .a insurance company investigate n damages the claim which are actually loss due to fire ..but before this we should insured that warehouse goods......
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