Description

Insurance is a tool by which fatalities of a small number are compensated out of funds

collected from plenteous. It provides financial recompense for losses suffered due to

unanticipated events, and through Acts of Parliament, specific types of insurances are

legally public liability insurance for hazardous substances. It is an arrangement where

the losses experienced by a few are extended over several who are exposed to similar

risks. Insurance companies collect premium to provide security for the purpose, and the

insurance companies act as trustees to the amount so collected. Yogakshema

Vahamyahan, the catch phrase, is the catch phrase.