Question

What is difference between insurance and finance?​

Answer 1

$\huge\sf{Answer:-}$

Difference between insurance and finance

• Insurance is the means by which the risk of loss can be passed on to the other party insurer or insurer by paying some fee called premium.

• The party whose risk is put on the insured is called the insured.

• An insurer is usually a company that is willing to share the loss or damage of the insured and is able to do so.

Finance

• In simple form, Finance is defined as the management of money or the fund.

• But modern finance is a group of many commercial procedures.

• Since finance is essential for the functioning of individual business institutions and government

Answer 2

Explanation:

Here's your Answer..

Finance

A financial institution is an organization that provides services that people need to manage their money. Financial institutions include different types of banks and credit unions.

Insurance

Insurance companies are a type of “non-bank” financial institution that sell policies that provide protection from various kinds of risks.

Mark as Brainlist ⚡⚡✌