What is Car Insurance? Car insurance is a contract between a vehicle owner and an insurance company that provides financial protection against losses or damages related to the vehicle. It typically covers various scenarios such as accidents, theft, and natural disasters. By paying a regular premium, the policyholder ensures that the insurance company will help […]
What is Health Insurance? Health insurance is a type of coverage that pays for medical and surgical expenses incurred by the insured. It can reimburse the insured for expenses incurred from illness or injury, or pay the care provider directly. Health insurance is essential as it provides financial protection against high medical costs. Types of […]
What is Public Insurance? Public insurance refers to insurance programs that are funded and operated by government entities. These programs are designed to provide financial protection to individuals against various risks, such as health issues, unemployment, and disability. Unlike private insurance, public insurance aims to offer coverage to a broader segment of the population, often […]
What is Finance? Finance is a broad term that describes activities associated with banking, leverage or debt, credit, capital markets, money, and investments. Essentially, finance represents money management and the process of acquiring needed funds. Types of Finance Finance is generally categorized into three primary types: personal finance, corporate finance, and public finance. Personal finance […]
What is Insurance? Insurance is a financial product that provides protection against potential future losses or damages. It involves a contract between an individual or entity (the insured) and an insurance company (the insurer). In this contract, the insured pays a premium in exchange for the insurer’s promise to compensate for specific losses or mishaps. […]