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#Insurance ,Insure, life insurance ,types of insurance : The life and property of an individual are surrounded the by the risk death ,Disability and detruction . These risks may result in financial losses. Insurance is a prudent way to transfer such risk to an insurance company . HOW DOES INSURANCE WORK ? The insurer and insured get a legal contract for the insurance .Which is called is the insurance policy .The insurance policy has details about the conditions and circumstances under which the insurance company will pay out the insurance amount to either the insured person of the nominees .Insurance is way to protecting yourself and your family from financial losses . Generally , the premium for a big insurance cover is much lesser in terms of money paid the insurance company take risk of high providing a high cover for a small premium because a few insured people actually end up claiming this insurance . This is why you get insurance for a big amount at a low price . Indi...

# INSURANCE :  WHAT IS INSURANCE ? Insurance is a legal agreement between parties i.e the insurance company " insurer "and insurance and the individual " insured " . In this the insurance promises company to make good the losses of the insured on happening of the insured contingency . The contingency  is the event which causee a loss .It can be a death of policy holder damage destruction of the property . It is called a contingency there is an uncertainly regarding hapoening of the event . The insured pays a premium in return for the promise made by the insurer . Types of INSURANCE : (1)   life insurance (2)   Health insurance (3)   Car insurance (4)   Home insurance (5)   Education insurance