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INSURANCE |
CREDIT CARD |
REAL ESTATE |
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What is Insurance Insurance, in law and economics, is a form of risk management primarily used to hedge against the risk of a contingent loss. Insurance is defined as the equitable transfer of the risk of a potential loss, from one entity to another, in exchange for a premium. Insurer, in economics, is the company that sells the insurance. Insurance rate is a factor used to determine the amount, called the premium, to be charged for a certain amount of insurance coverage. Risk management, the practice of appraising and controlling risk, has evolved as a discrete field of study and practice
In the non-life business, insurance brokerage is the most popular mode to launder money. Typically, most traders who want to convert black money into white channelise their operations through a brokerage. The broker promises huge discounts to the client on behalf of the insurer and is also paid a hefty commission. Basically, the scope of all the insurance policies is to protect you or your family from the financial loss of that occurs because of any tragedy . The insurance is not to help them moderate-graded expenses estimate, but to protect from the catastrophic one. |
HEALTH INSURANCE | |
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