What is the exact meaning of insurance?

The insurance company pays you or someone you choose if something bad happens to you. If you have no insurance and an accident happens, you may be responsible for all related costs. Having the right insurance for the risks you may face can make a big difference in your life.

What is the meaning of insurance for example?

The definition of insurance is protection against something going wrong. When you pay premiums in exchange for a policy that pays out when you crash your car in a car accident, this is an example of an auto insurance policy.

What is meant by personal insurance?

Definition of personal insurance 1 : insurance of human life values against the risks of death, injury, illness or against expenses incidental to the latter. 2 : insurance purchased for personal or family protection purposes as contrasted with insurance of business property or interests.

What is the meaning of Ensure in Telugu?

make certain that (something) shall occur or be the case. translation of ‘ensure ‘ నిశ్చయపరచు

What are the 4 types of insurance?

Different Types of General InsuranceHome Insurance. As the home is a valuable possession, it is important to secure your home with a proper home insurance policy. … Motor Insurance. Motor insurance provides coverage for your vehicle against damage, accidents, vandalism, theft, etc. … Travel Insurance. … Health Insurance.

What are the 3 main types of insurance?

Then we examine in greater detail the three most important types of insurance: property, liability, and life.

Why is it important to have insurance?

It provides protection against theft, damage from perils like fire and water, and financial responsibility that could result from a visitor or guest being accidentally injured on your property.

Why do we need insurance?

Insurance plans are beneficial to anyone looking to protect their family, assets/property and themselves from financial risk/losses: Insurance plans will help you pay for medical emergencies, hospitalisation, contraction of any illnesses and treatment, and medical care required in the future.

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