The term Insurance means a promise of compensation by an insurance company to an insured person for specific financial losses. In return of this, the insured person has to make periodic payment to the insurance companies. In simple words, We can say that Insurance is an agreement in which financial risk of insured person is covered by the insurance company.
There are various types of insurance such as Life Insurance, Property Insurance, Health Insurance and Vehicles Insurance etc. Insurance is very useful in the case of unexpected loss. Insurance ensure you that you are ready to face any type of financial crisis. Most of the insurance companies appoints an Insurance Agents to sells, solicits or negotiates insurance for compensation.
