Stocks and Shares Investments in Thane Belapur Road, 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.

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 Aabha Wealth Architects insured receives a contract, called the insurance policy, which details the conditions and circumstances under which the insured will be financially compensated. The amount of money charged by the insurer to the insured for the coverage set forth in the insurance policy is called the premium. If the insured experiences a loss which is potentially covered by the insurance policy, the insured submits a claim to the insurer for processing by a claims adjuster.