Skip to main content
Insurance

Insurable interest

Insurance is a vital concept in the world of finance, with legal principles that govern its application. One such principle is the requirement for an insured individual to demonstrate a personal loss, which ultimately prevents insurance from being viewed as a form of gambling. This principle serves as a safeguard to ensure insurance remains a reliable means of protection rather than a risky bet.

Related terms

Loss of use

Understand the meaning and definition of Loss of use in the context of stock market, trading, and investments.

MORE
Group insurance

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

MORE
Key employee

Understand the meaning and definition of Key employee in the context of stock market, trading, and investments.

MORE
Private insurance

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

MORE
Experience rating

Understand the meaning and definition of Experience rating in the context of stock market, trading, and investments.

MORE
Earthquake insurance

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

MORE

Open Free Demat Account!

Join our 3.8 Cr+ happy customers

+91
Explore other categories
Enjoy Zero Brokerage on Equity Delivery
10 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 3.8 Cr+ happy customers
+91