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Insurance
#1

insurance is a form of risk management primarily used to hedge against the risk of a contingent, uncertain loss. Insurance is defined as the equitable transfer of the risk of a loss, from one entity to another, in exchange for payment. An insurer is a company selling the insurance; an insured, or policyholder, is the person or entity buying the insurance policy. The insurance rate is a factor used to determine the amount to be charged for a certain amount of insurance coverage, called the premium. Risk management, the practice of appraising and controlling risk, has evolved as a discrete field of study and practice. Insurance, in law and economics, is a form of risk management primarily used to hedge against the risk of a contingent loss.
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#2
Life insurance is the key to financial planning nice. The one hand, and protecting your money and on the other side, and ensure its growth, and thus provides you with full financial well-being. Could be called the life insurance and an agreement between the owner policyowner and the insured, where the insured to consider agreeing to pay a sum of money for the deaths of the insured individual or individuals or other event, such as terminal illness, serious illness or entitlement policyowner.
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#3
Is insurance is gambling?
I think, insurance is not gambling, because you are working with statistics with insurance. A company will never insure one person, they will insure tens of thousands to millions of people. Once you reach such a large number of clients, the variations does not affect you greatly anymore.
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#4
Insurance for businesses is almost compulsory as the uncertainties around us have always been effecting us. but these days the uncertainly and dangerous weather has affected this world severely and all the business activities around the globe took serious blow. So insurance for business is absolutely necessary.
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#5
Promise, in exchange for payment of definite journals, in order to compensate for the loss of future potential. In the case of unexpected loss insurance is designed to protect the health of the company or individual or other entity fiscal health.
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#6
and in fact i also not believe insurance is gambling ..
but i dont know who said insurance is gambling ? while its not related with interest
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