Ask Sawal : Question Answer Forum

What is an insurance policy?


Asked By: Keya Prabhakar



Report
Share on Facebook
Tweet on Twitter
Share on Linkedin
Share on Reddit
Share on Whatsapp


7 Answer(s) Available

PGP from IIM Lucknow Drawings Brand Pmp Support Services Houston United States


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.

Report
75

BTech Agricultural Engineering, Birsa Agricultural University Policies Apis Expenses Colorado Springs United States


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

Report
3

B.E. IT Engineering, MET's Bhujbal Knowledge City Sports Retail Agile Financial Reporting Dallas United States


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

Report
3

Small Engine Mechanics Therapeutic Twitter Usability Gwalior India


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

Report
2

Horticultural Worker Supervisor Audio Coimbatore 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

Report
0

B. Tech from Delhi Technological University Electrical San Francisco United States


In simple words, insurance is a risk transfer mechanism, where you transfer your risk to the insurance company and get the cover for financial loss that you may

Report
0

BTech Agricultural Engineering, Birsa Agricultural University Policies Apis Expenses Colorado Springs United States


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

Report
0


Related Questions

Login


Lost Password!

Create Account