what are the advantage of insurance company
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Answer:
Explain any five advantages of insurance.
Insurance provides economic protection to the insured. It provides financial protection to the insured against the unexpected losses in consideration of nominal amount called premium. It provides financial protection to the dependent in case of pre-matured death of insured.
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Answer:
Hey here is your answer....
The advantage of insurance company are given below..
☆Insurance does not only protect risks but it provides an investment channel too.
☆Life insurance provides a mode of investment.
☆The insurance develops a habit of saving money by paying premium.
☆The amount of policy is paid to the insured or to his nominees.
Hope it helps you....
Its Shivika Tiwari....
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