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Insurance is a contract, represented by a policy, in which an individual or entity receives financial protection or reimbursement against losses from an insurance company. The company pools clients' risks to make payments more affordable for the insured. Insurance policies are used to hedge against the risk of financial losses, both big and small, that may result from damage to the insured or her property, or from liability for damage or injury caused to a third party.

Produktbeschreibung
Insurance is a contract, represented by a policy, in which an individual or entity receives financial protection or reimbursement against losses from an insurance company. The company pools clients' risks to make payments more affordable for the insured. Insurance policies are used to hedge against the risk of financial losses, both big and small, that may result from damage to the insured or her property, or from liability for damage or injury caused to a third party.
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Autorenporträt
The Author is a Commerce Graduate from Jammu University, a state university in Jammu and Kashmir, India. After that, he pursued his Masters in Business Administration in Business Economics from Shri Mata Vaishno Devi University, Katra, J&K, India. Currently, the author is a Research Scholar in the area of Microfinance in School of Business, SMVDU.