- August 28, 2010, 4:09 am
Risks are part of our daily lives. Most people are not financially prepared to face certain risks due to lack of financial resources. Expensive inconveniences like ailment surgeries, accidental surgeries, etc. can even turn one bankrupt or a victim of financial crunch. Insurance is a way of getting protected against such financial losses. In the process, you pay a premium amount for an insured sum, and the insurer will carry the task of reimbursing your expenses or financial losses. It is life insurance that most people are covered with but such an insurance does not cover immediate expenses related to your health or travel or vehicle. Moreover, a life insurance is a long term insurance. The insurance sector other than life insurance falls under the category of general insurance. Unlike
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