FAQS
? What do you mean by insurance?
Insurance is a way to manage your risk. When you buy insurance, you purchase protection against unexpected financial losses. The insurance company pays you or someone you choose if something bad happens to you. If you have no insurance and an accident happens, you may be responsible for all related costs.
? What are the 4 types of insurance?
Different Types of Insurance Policies Available in India
Health Insurance.
Motor Insurance.
Home Insurance.
Fire Insurance.
Travel Insurance.
? What are benefits of insurance?
It gives you financial assistance for your losses and damage. The basic function of all types of insurance coverages is to provide damage control to the insured by bringing in a lot of people who pay to cover their risks. The fund is further used for capital formation through investment in the markets.
? What loan means?
A loan is a form of debt incurred by an individual or other entity. The lender—usually a corporation, financial institution, or government—advances a sum of money to the borrower. In return, the borrower agrees to a certain set of terms including any finance charges, interest, repayment date, and other conditions.
? What is loan and interest?
When you take out a loan, lenders earn money by charging interest. In other words, interest is the price you pay for borrowing money from a lender. Some lenders charge simple interest, while others charge interest based on an amortization schedule, which applies more interest during the early stages of the loan.
? What is the define of investment?
Investment definition is an asset acquired or invested in to build wealth and save money from the hard earned income or appreciation. Investment meaning is primarily to obtain an additional source of income or gain profit from the investment over a specific period of time.
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