Insurance
Insurance means being enclosed or sheltered against any risks of life. It is a financial contract that binds two people to assured compulsions which is recognized as Policy. One who purchases insurance/ gets insurance exposure is the policy holder or covered and the one who vended the policy is the insurer. From the time the assured signs the policy he/she has a compulsion to pay an assured amount of money well-known as premium at normal intervals for a fixed period to the insurer. Actually, insurance is an agreement to give a premium in return for which the insurer will give recompense in assured eventualities e.g. theft, fire, motor accident, etc. The Indian insurance industry has observed incomparable growth with private participation. It has a mix up of public and private players equally in the field of life and non-life business. This sector not only provides a protecting shield to the lives and resources of the nation but also produce thousands of jobs and career opportunities.
Tags: Career, career in insurance, Insurance