Understanding Insurance: Meaning, Types, Benefits, and Why You Must Have It
Insurance is a financial protection tool that helps individuals and businesses minimize the risk of financial loss. It acts as a contract between you (the policyholder) and an insurance company, where you pay a premium regularly, and in return, the insurer compensates you for covered losses, damages, or liabilities. In simple words — insurance is your safety net against uncertainties in life. Whether it’s … Read more