Question

What are the various advantages of insurance?Explain.

Answer 1

Answer:

so look

Explanation:

Insurance is a type of place where we can save our money what have we earned and use it in time of accidents or some incidents like accident before time death the family gets the money of insurance to make their life some easy and if the person gets ill and admitted to hospital the insurance company will give them the money to pay for the bill.

Answer 2

Answer:

Encourage Savings:

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.