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-Is-Home-Loan-Amortisation-Schedule-and-How-It-Works

What Is Home Loan Amortisation Schedule And How It Works

Introduction Buying a home is a dream shared by many in India. To make this dream a reality, most people rely on home loans. However, understanding how to manage these loans and repay them efficiently...

KNOW MORE

July 1, 2024

housing loan benefits for women

Top 5 Housing Loan Benefits For Women

In India, women get several benefits while buying a home, thanks to several offers provided by lenders coupled with a home loan scheme for ladies. Opting for a housing loan for women while purchasing ...

KNOW MORE

February 22, 2024

How To Pick The Right Financing Term For A Business Loan

Starting or expanding a business requires financial support, and securing a business loan is often the best option. However, choosing the ideal business loan term can be challenging for small business...

KNOW MORE

April 10, 2024