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Introduction to Insurance

Insurance is a financial product that provides protection against financial losses resulting from unexpected events or risks.

It works on the principle of risk pooling, where individuals pay premiums to an insurance company in exchange for coverage against specified risks.

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Life Insurance
  • Life insurance provides financial protection to the policyholder's beneficiaries in the event of the policyholder's death.

  • It serves as a crucial tool for financial planning, ensuring that loved ones are financially secure in the policyholder's absence.

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General Insurances
  • General insurance provides protection against non-life risks such as property damage, liability, health emergencies, and more.

  • It encompasses various types of insurance policies designed to cover specific risks faced by individuals, businesses, and assets.

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