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

Why You Should Purchase A Used Vehicle Instead Of New

Owning a car, whether for personal or commercial use, is a practical necessity today. But buyers-to-be often wonder: should I buy a new or used car? Won’t a second-hand car be good enough? The s...

KNOW MORE

June 29, 2023

Powerful Bending Machines and How Mahindra Finance Can Help You Get One.

In the realm of metalworking, few machines inspire awe quite like the bending machine. Witnessing its powerful jaws effortlessly transform rigid sheets into intricate curves is nothing short of mesmer...

KNOW MORE

February 14, 2024

Credit Default Swap – Meaning, Features & Uses

Introduction Credit Default Swap (CDS) is a financial tool that provides protection against potential defaults and helps manage credit risk. Whether you’re an investor or a financial institution...

KNOW MORE

April 22, 2024