login-icon
mahindra-finance-logo
login-icon
  • English
  • Hindi
  • Bengali
  • Marathi
  • Telugu
  • Tamil
  • Gujarati
  • Kannada
  • Odia
  • Malayalam
  • Punjabi
phone

Download App

Conveniently pay your EMIs, set payment reminders, view your loan details.

phone
|

1. What is Insurance?

mahindra-finance-author

by Mahindra Finance

|

January 6, 2025

|

1 mins read

Insurance is a legal agreement between two parties i.e. the insurance company (insurer) and the individual (insured). In this, the insurance company promises to make good the losses of the insured on happening of the insured contingency. The contingency is the uncertain event which causes a loss. The insured pays a premium in return for the promise made by the insurer.

Related articles

Home Loan For Self Employed: Everything You Need To Know

Home Loan For Self Employed: Everything You Need To Know

Introduction Owning a home is a dream shared by many, but for self employed individuals, obtaining a home loan can seem tough. However, securing a home loan can be within reach with the right knowledg...

KNOW MORE

August 27, 2024

Enhancing Returns: The Role Of Bonuses In Fixed Deposit Schemes

When it comes to investing, everyone wants to maximize their returns. One investment avenue that offers stability and assured returns is a fixed deposit (FD) scheme. But did you know that bonuses can ...

KNOW MORE

March 1, 2024

What Is The Impact Of Late Personal Loan Payments On Your CIBIL Score?

A personal loan’s late payment can have a significant impact on your creditworthiness, affecting your CIBIL score. Your credit score reflects your ability to repay loans based on your credit his...

KNOW MORE

May 23, 2024