Meaning of the word: Insurance policy
Insurance or insurance policy is a agreement between the insurer and the insured or policyholder. It is a paid service, when the insured pay regular insurance amounts to insurer. The insurer undertakes to ensure that if there is an incidental claims, shall pay the costs. The insurance applies only to previously agreed contractually written event is paid only in compliance with all the conditions.back to dictionary >
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Insurer is party to an insurance arrangement who undertakes to indemnify for losses. The insurer provides insurance. The policyholder must pay…go to the dictionary >
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