History, asked by umeshjaiswer87737, 1 year ago

What is insurance and what are the objectives of insurance

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Answered by mansi13324

1

Answer:

The objective of insurance is to financially guard against unpredictable life occurrences. In short, when you buy an insurance policy, you make monthly payments, called premiums, to purchase protection from monetary repercussions related to things like accidents, illness or even death. The amount of your premiums is based on your coverage needs, your personal history, and in some cases, your age, health and even where you live.

Answered by imaduddin052

0

The objective of insurance is to financially guard against unpredictable life occurrences. In short, when you buy an insurance policy, you make monthly payments, called premiums, to purchase protection from monetary repercussions related to things like accidents, illness or even death. The amount of your premiums is based on your coverage needs, your personal history, and in some cases, your age, health and even where you live.

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