Question

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What is Insurance?

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Answer 1

Hey mate, here is your answer -:)

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Insurance is a contract whereby in exchange of fixed consideration one party promises to pay a fixed amount either at the happening of an event or at the expiry of certain period.

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HOPE it helps to you!!!

Answer 2

Answer:

Hey mate, here is your answer -:)

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Insurance is a contract whereby in exchange of fixed consideration one party promises to pay a fixed amount either at the happening of an event or at the expiry of certain period.

___________________________

HOPE it helps to you!!!