Business Studies, asked by amit505434, 11 months ago

what is insurance ?​

Answers

Answered by naveli2724
2

Answer:

an arrangement by which a company or the state undertakes to provide a guarantee of compensation for specified loss, damage, illness, or death in return for payment of a specified premium.

Answered by amitajignesh263
0

Answer:Is a contract between an individual or an organisation and the insurance company whereby the company undertakes to protect the insured against loss arising frpm occurrence of the insured risks

Explanation:

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