Crypto Market Crash Could See Bitcoin Price Hit $21,000 Soon! Will Altcoins
Definition of Insurance
“An agreement between the insurer and the insured, which requires the insured to pay a premium to provide compensation for the risk of loss, damage, death, or loss of expected profits, which may be suffered due to an unexpected event (insurance).”
Financial Fervices Authority
Insurance coverage (agreement between two parties, one party is obliged to pay contributions and the other party is obliged to provide full guarantee to the contribution payer if something happens to the first party or his property in accordance with the agreement made).”
What is Insurance?
Insurance is an agreement between two or more people in which the insured party pays contributions/contributions/premiums to obtain compensation for the risk of loss, damage, or loss, which may occur due to unforeseen events. The term insurance itself comes from English, namely “insurance” and Dutch, assurantie or verzekering.
Insurance cannot eliminate the risk of unexpected events, but insurance can reduce the impact of losses arising from these events, whether on a small or large scale. Now insurance has become part of financial planning for some people for the long term.
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