What is Insurance and Why for Insurance

টিউন করেছেনঃ | প্রকাশিত হয়েছেঃ 11:55 AM | টিউন বিভাগঃ
Insurance is a compensation system for the possible future losses. We do not know about the future. So we want to reduce our risk. insurance can reduce the financial risk. Mostly we face unexpected losses  in individual or group. The  insurance is a policy where the  insurance holder pay periodically and after the the policy maker or  insurance company pay you when you face unexpected loss in the future. Now Corporate Owned Life Insurance is very popular for its advantage. Insurance transfer the loss and divide the loss into the policy holder and  insurance companies. Premium is the basic term which the policy holder pay to the  insurance companies. The compensation depends on the policy premium. The premium is one kind of guaranty of the policy. When  insurance policy holder face any losses, the  insurance company pay the compensation in fulsome or periodically.

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