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Insurance Policy |
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Insurance can be defined as “a contract where one party pays the financial loss to the other party if a particular incident has occurred like theft, damages, floods, earthquakes, or storm etc. It protects definite assets from many forms of loss and insures the property owner against liability for damages ensuing from the property use. Insurance polices are the insurance schemes provides for the benefits
of the clients of the insurance company. These policies may offer security
for client’s property, health, life etc. They provide premium payment
schedules according to the cost of the insurance. The client must have
to pay his premium and if any damages or trouble is caused to the client
the insurance company will claim the damages etc. |
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