Insurance ?

Definition: A promise of compensation for specific potential future losses in exchange for a periodic payment. Insurance is designed to protect the financial well-being of an individual, company or other entity in the case of unexpected loss. Some forms of insurance are required by law, while others are optional. Agreeing to the terms of an insurance policy creates a contractbetween the insured and the insurer. In exchange for payments from the insured (called premiums), the insurer agrees to pay the policy holder a sum of money upon the occurrence of a specific event.

Description: Insurance policies, a contract between the policyholder and the insurance company, are of different types depending on the risk they mitigate. Broad categories include life, health, motor, travel, home, rural,commercial and business insurance

The Insurance Regulatory and Development Authority, an agency of the Government of India, is the regulatory body for the insurance sector's supervision and development in India.

SAFETY OF ASSETS:

Insurance is an important element of any sound financial plan. A good understanding of your assets can help you achieve potential savings. In some cases, for example, leasing assets (such as machinery, cars or furniture) may be cheaper than buying them outright. You should look after your assets to help reduce risk to your business.

Companies Related To Insurance:

1. Aviva India

2. Bajaj Allianz Life Insurance

3. Bharti AXA General Insurance

4. Edelweiss Tokio Life Insurance Company Limited

5. Exide Life Insurance

6. HDFC Standard Life Insurance Company

7. ICICI Prudential Life Insurance

8. IDBI Federal Life Insurance

9. IndiaFirst Life Insurance Company

10. Kotak Mahindra Old Mutual Life Insurance

11. PNB MetLife India Insurance Company Limited

12. Reliance Nippon Life Insurance Company Limited

13. Royal Sundaram Alliance Insurance

14. SBI Life Insurance Co.Ltd

15. Future Generali India Insurance

16. Cholamandalam MS General Insurance

17. Cigna TTK