Learn more about 'what is insurance?' and how it works, including its mechanism and insurance guiding concept.
A policy/plan of insurance is a contract between a person (Policyholder) and an insurance firm (Provider). You pay monthly sums of money (as premiums) to the insurer under the contract, and they reimburse you if an adverse event occurs, such as the early death of the life insured, an accident, or damage to a dwelling. Let us learn more about insurance and the many advantages, features, and kinds of insurance accessible in India.