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

What Are The Advantages & Disadvantages Of Investing In A Fixed Deposit?

An ideal way to kickstart your investment portfolio is through a fixed deposit (FD). It is not only risk-free and easy to comprehend, but also helps you in growing your wealth. In an FD, you...

KNOW MORE

June 29, 2023

Why-Farmers-Should-Consider-A-Fixed-Deposit-This-Vishwakarma-Puja

Why Farmers Should Consider A Fixed Deposit This Vishwakarma Puja

Vishwakarma Puja holds special significance for farmers across India. As you celebrate the divine architect and pray for a bountiful harvest, it’s also an opportune time to plan for your financi...

KNOW MORE

October 10, 2024

What Is The Effective Yield In Fixed Deposits?

If you’re considering investing in a fixed deposit (FD), you’ve probably come across terms like “effective yield” and “annualised yield.” While the interest rate mentioned by banks...

KNOW MORE

March 1, 2024