Insurance, essentially, is an arrangement where the losses experimented by a few are extendedover several who are exposed to similar risks. Insurance is a protection against financial lossarising on the happening of an unexpected event.An individual who wants to cover risk pays a small amount of money to an organization calledon Insurance Company and gets insured. An insurance company insures different people bycollecting a small amount of money from each one of them and collectively this money is enoughto compensate or cover the loss that some members may suffer.The fixed amount of money paid by the insured to the insurance company regularly iscalled premium.
Will this demand of 17 parties bring a big U-turn in the 2019 elections?
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August 02, 2018
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