Life Deal Insurance Kopar Khairane Mumbai

Life Deal Insurance, Insurance has been in existence for more than a century, now but the concept and significance of Insurance has not been properly understood as it should have been, by a majority of its population. An insurance policy is a contract of good faith technically known as uberrima fides. The policy of disclosing all factual matters is embodied in this important principle. It is a contract that pledges payment of an amount to the person assured on the happening of the event insured against. Insurance is globally accepted to be an institution that eliminates ‘risk’, substituting certainty for uncertainty and comes to the timely aid of the assured. It can be regarded as mankind’s partial solution to the problems caused by death, misfortune, calamities, ill-health or any loss causing incidents.