Skip to main content
Insurance

Consideration

This is typically done to protect individuals and businesses from financial loss due to unforeseen events. An insurance contract entails a fixed premium and a mutual understanding of the terms and conditions that ensue. The purpose behind this arrangement is to safeguard individuals and organizations against potential economic setbacks caused by unexpected circumstances.

Related terms

Package policy

Understand the meaning and definition of Package policy in the context of stock market, trading, and investments.

MORE
Expediting expenses

Understand the meaning and definition of Expediting expenses in the context of stock market, trading, and investments.

MORE
Vicarious liability

Understand the meaning and definition of Vicarious liability in the context of stock market, trading, and investments.

MORE
Unearned premium

Understand the meaning and definition of Unearned premium in the context of stock market, trading, and investments.

MORE
Liability insurance

Understand the meaning and definition of Liability insurance in the context of stock market, trading, and investments.

MORE
Adjustable Life Insurance

Understand the meaning and definition of Adjustable Life Insurance in the context of stock market, trading, and investments.

MORE

Open Free Demat Account!

Join our 3.5 Cr+ happy customers

+91
Explore other categories
Enjoy Zero Brokerage on Equity Delivery
4.4 Cr+DOWNLOADS

Enjoy Zero Brokerage On Stock Investments

Get the link to download the App

Scan this QR code to download the app
Get it on Google PlayDownload on the App Store

Open Free Demat Account!

Join our 3.5 Cr+ happy customers
+91