The term insurance is not a new word for us. Understanding the insurance may vary from person to person, but in fact what the word insurance refer for? In normal term insurance means minimizing the lost or compensating the loss of anything.
Insurance is done between two teams,
What insurane really does?
Protecting family after one's death from loss of income
Ensuring debt repayment after death
Covering contingent liabilities
Protecting against the death of a key employee or person in your business
Buying out a partner or co-shareholder after his or her death
Protecting your business from business interruption and loss of income
Protecting yourself against unforeseeable health expenses
Protecting your home against theft, fire, flood and other hazards
Protecting yourself against lawsuits
Protecting yourself in the event of disability
Protecting your car against theft or losses incurred because of accidents
And many more
