Definition of Insurance
A legal definition of insurance that appears in many insurance laws is the. following: A contract of insurance is that whereby one party, the insurer, undertakes, for a premium or an assessment, to make a payment to another party, the policyholder or a third party, if an event that is the object of a risk occurs.
Main Purpose of Insurance
Its aim is to reduce financial uncertainty and make accidental loss manageable. It does this substituting payment of a small, known fee—an insurance premium—to a professional insurer in exchange for the assumption of the risk a large loss, and a promise to pay in the event of such a loss.
3 reasons you should buy insurance from us
Unbiased Policy Comparison-We provides you a platform to compare plans, benefits, premium amount etc. from various insurance providers.
Best Claim Support-ill support you in filing insurance claims and will negotiate on your behalf with the insurer until you receive the claim amount.
Expert advice not sales calls-Our expert team will call for assistance only when you will request a call from us. You won’t receive repeated sales call from the sales team.