Saved Bookmarks
| 1. |
Define insurance?Explain the characteristics of insurance |
|
Answer» Insurance is an arrangement in which you pay money to a company, and they pay money to you if something unpleasant happens to you, for example if your property is stolen or damaged, or if you get a serious illness. Natureor Characteristics of Insurance Contract. Consideration. Co-operative Device. Protection of financial risks. Risk sharing and risk transfer. Based upon certain principles. |
|