Insurance is a financial product that provides protection against unexpected losses or events. It is a contract between an insurer and a policyholder, where the insurer agrees to pay a certain amount of money to the policyholder in case of a covered event. Insurance policies are designed to protect individuals, businesses, and other entities against various types of risks. In this article, we will discuss the meaning and types of insurance policies.
What is insurance?
Insurance can be defined a…
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Insurance: meaning and types of insurance policies
(599 reads) See also ► Do I need insurance in Nigeria? Does insurance work? ► Which are the best insurance companies in Nigeria?
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