Question

What is Insurance in simple words?
Plz its urgent.. need it asap​

Answer 1

Answer:

COVID-19 has disrupted modern life, from the day-to-day interactions of our personal lives to the established practices of entire industries. As the world battles the coronavirus, people’s mental health, physical health, and financial health are all at stake, and insurers play an important role in the response and recovery.

plz plz plz plz make me has brainlest

Answer 2

Insurance :-

Answer:

Insurance is an important service which helps to cover the risk of life and business.

Simply, Insurance is defined as an agreement or contract between "insurer" and "insured", in which insurer is ready to pay compensation at the time of loss as per regular premium paid by the insured.

There are 3 Types of Insurance generally ;

LIFE insurance ,

MARINE insurance ,

and FIRE insurance.

:)