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What is insurance in English - Friends have heard so many things from many people's mouths. Take a house, take a flat, take up vacant land, take gold, no doubt, even today, people talk so much about the purpose of investment. But already the word which is there now is spoken very much. Whether do or not do insurance, take it firmly, now what is this insurance, we will know today, Hello friends and welcome to our website.

Insurance means protection from imminent danger, that is, an option to cover your life and property risks, but why should insurance be done, how does insurance work, and how many types of insurance does it have? It is also important to know so that you can choose the right insurance according to your need, so today we have brought for you all the necessary information related to insurance, so if you read this post completely, let's start.

What is insurance?
Insurance is a legal agreement that is between two parties, the insurance company and the person making the insurance. In the awarding of this agreement, when a person insures his insurance from the insurance company, then the financial loss to the person in the future will be repaid by the insurance. The company does.

How does insurance work?
Under the insurance agreement, a fixed amount is taken from the insured person by the insurance company from the insured person which is called a premium, if the insured person suffers any loss after taking the premium, according to the terms and conditions of the insurance policy. His loss is repaid in the same way. If a property such as a house or a car is insured, then the property owner is compensated based on the condition already predisposed in case of breakdown or damage.