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Insurance is a cornerstone of financial security and peace of mind, playing an essential role in both personal and business planning. At its core, insurance is a contract between an individual or organization and an insurance provider, designed to mitigate financial losses in the face of unforeseen events. By pooling resources and spreading risks across … Read more
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1. What is Insurance? Insurance is a contract between an individual (or entity) and an insurance company. In this agreement, the insured pays a small amount of money called a “premium” to the insurer in exchange for financial protection against unforeseen losses or risks. Simply put, insurance helps you manage uncertainty. If something bad happens—like … Read more
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