Question

What is Advantage of Insurance...??​

Answer 1

It provides financial protection to the nominee in case of the pre-matured death of insured. It also covers the loss of properties due to theft, fire, accident and other natural calamities. Shares risks. People are exposed to various kinds of risks and uncertainties which may cause large losses

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Answer 2

Answer:

Advantages of Insurance. Insurance provides economic and finanicial protection to the insured against the unexpected losses in consideration of nominal amount called premium. It provides financial protection to the nominee in case of the pre-matured death of insured.

Explanation:

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