Insurance is a system that ensures your minimum damage in any condition it’s you or your property.
It takes a long time to gain from any insurance coverage.
Insurance starts in early human society. There are two types of economics in human society
Insurance is a case of agreement between the policyholder and the policymaker. If your house gets destroyed the neighbor (insurance company) committed to rebuilding it.
The thought of insurance first comes in Chines and Babylonians traders in 3rd BC when Chinese merchants go threw the treacherous river with there many ships they suddenly fall in a loss. The Babylonians developed a system that was recorded in the famous Code of Hammurabi science 1750 BC. If a merchant receives alone to fund his shipment he would pay launders gar runty against his ricks as the shipment be stolen or lost at sea.
The ancient Parisian awarded many gifts under the group which in their control. This function called an early form of political insurance.
The advance lone was canceled if their ship was lost. The Greeks and Romans include health and life insurance. But the insurance established later in the 17th century. Insurance generally used for emergencies.
There are many insurances present in the modern world… First insurance is taken by Arther duke of the value of 100 pounds.
Accident insurance was available in the late 19th century. Railway passenger assurance company which takes the accident insurance in 1848.
Types of Insurance
There are 7 types of insurance avaibale in Market
- Life or Personal insurance
- Property insurance
- Marine insurance
- Fire insurance
- Liability insurance
- Guarantee insurance
- social insurance
To understand insurance may be tricky. In a short Insurance cover what you need. Insurance is all about financial security.
Any one should understand the Terms and conditions when he bound with a insurance policy. He may look.
- The premium is againest or infevore of him.
- Elimination is important when you purches the policy.
- You make sure have the priffered one.
- Endorsements about your policy.
- when you claim for policy maturaity . it importent.
- protect your money or asset.
- Rick management.
- Take cradite from the company.
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A person pay his prium yearly basis. But it differ for different company. Each insurance not so expensive but most of them.
Insurance not only proctet not only the Human but also the socity. We are a part of socity.
It also give you mental peace. When you know some one who takes care about your unfortunate losses.
You must choose your ideal insurance policy but you pick the right one for you. If you have a car then you need a car insurance.