Insurance the best way to remain safe from financial loss. How?
Insurance is a means of protection from financial loss.Therefore, insurance is the best way to remain safefrom financial loss.
Make the list of advantages of insurance.
The advantages of insurance are:
- It provides safety and security enabling financial support.
- Premium that insurance generates can be used in govt. securities and stock.
- Life insurance provides mode of investment.
- It enables to mitigate loss, financial stability, promotes trade and accelerates economic growth.
- Medical insurance provides medical support to the insured.