Rajathi Agent of Max Life Insurance Vadapalani Chennai

 An entity which provides insurance is known as an insurer, insurance company, or insurance carrier. A person or entity who buys insurance is known as an insured or policyholder. The insurance transaction involves the insured assuming a guaranteed and known relatively small loss in the form of payment to the insurer in exchange for the insurer's promise to compensate the insured in the event of a covered loss. The amount of money charged by the insurer to the insured for the coverage set forth in the insurance policy is called the premium.