The basic principle of insurance is to provide protection to a person or an entity from any sort of financial loss caused due to events like fire, accidents, hospitalizations, earthquakes, etc. Let us understand this with the help of an example: Ram went for a movie with his friends. Just when he reached the theatre and parked the car along the roadside, a coconut fell on the car, damaging its front windowpane. Ram understood this would be a bit heavy on his pocket, but he did not worry as he had an insurance policy in place. He knew his insurance company would bear the expenses of the damage. In such types of uncertain scenarios there is only one thing common, and i.e., Financial Loss. Insurance companies compensate for such kinds of financial losses.
It is a contract between the insured and the insurer. Now you must be wondering, “who is an insurer and who is an insured?” The answer to your question is: An insured or a policyholder is a person or an entity that buys an insurance policy and gets covered against financial losses. While an insurer or an insurance company is an entity that provides insurance and undertakes to compensate for the losses
It is a contract between the insured and the insurer. Now you must be wondering, “who is an insurer and who is an insured?” The answer to your question is: An insured or a policyholder is a person or an entity that buys an insurance policy and gets covered against financial losses. While an insurer or an insurance company is an entity that provides insurance and undertakes to compensate for the losses
At Trustverge Insurance Brokers, we understand that life is full of uncertainties. That’s why our General Insurance solutions are designed to safeguard the things that matter most — your health, your home, your vehicle, your business, and your peace of mind.
As a trusted name in insurance broking, we offer a wide range of general insurance products tailored to suit both individuals and businesses. Whether you're looking for basic coverage or comprehensive protection, our team of expert advisors is here to guide you every step of the way.
Click ViewAt Trustverge Insurance Brokers, we believe that life is the greatest asset you can protect. Our Life Insurance solutions are designed to provide financial security and peace of mind to you and your family — no matter what the future holds.
Whether you’re planning for your family’s long-term financial well-being, your child’s education, or creating a legacy, we offer personalized life insurance plans to match your goals and responsibilities.
Term Life Insurance – Affordable and high-coverage protection for a specified period, ensuring your family’s financial stability in your absence.
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