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What is a insurance policy?


Asked By: Vihaan Bal



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8 Answer(s) Available

Pharmacist Ibm Change Management Bangalore India


In insurance, the insurance policy is a contract between the insurer and the policyholder, which determines the claims which the insurer is legally required to pay. In exchange for an initial payment, known as the premium, the insurer promises to pay for loss caused by perils covered under the policy language.

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Policy. An insurance policy is essentially a contract between you and your insurance company – it lays out what's covered, what isn't, and other details

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1. Life Insurance. Life Insurance refers to a policy or cover whereby the policyholder can ensure financial freedom for his/her family

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In insurance, the insurance policy is a contract (generally a standard form contract) between the insurer and the policyholder, which determines the claims which the insurer is legally required to pay. The textbook also states that the policy must refer to all papers which are part of the policy. General features · Structure · Parts of an insurance... · Industry standard forms

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Preschool Teacher Api Administrative Support Talent Acquisition Tiruchirappalli India


What is insurance? Insurance is a legal contract between two parties- the insurance company (insurer) and the individual (insured), wherein the insurance

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Warehouse Stock Clerk Mathematics Vendor Management Madurai India


A life insurance policy is an agreement between an insurance company & a policyholder that offers financial · Rating: 4.5 · 417 reviews

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Studies at Institute of Science, Banaras Hindu University Research Pharmaceutical Trade Shows Microsoft Word Columbus United States


Insurance coverage is the amount of risk or liability covered for an individual or entity by way of insurance

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Warehouse Manager Computer Science Instructional Design Health Mumbai India


The insurance policy has details about the conditions and circumstances under which the insurance company will pay out the insurance amount Life Insurance · Health Insurance · General Insurance · LIC Online Payment

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