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

Boost Your Working Capital With Business Working Capital Loans

Running a successful business requires a constant flow of funds to manage day-to-day expenses and seize growth opportunities. This is where working capital plays a vital role. Working capital is the d...

KNOW MORE

April 26, 2024

Things to Consider When Choosing a Fixed Deposit Scheme

When planning for your financial goals, it is important to align them with a strong financial plan. To help meet these goals, you can invest your savings in reliable and rewarding avenues such as Fixe...

KNOW MORE

June 29, 2023

Weathering Economic Crises: How FDs Provide Stability In Uncertain Times

The COVID-19 pandemic has brought unprecedented challenges to individuals and households worldwide, including India. Many people have faced financial setbacks due to job losses, salary cuts, and marke...

KNOW MORE

February 23, 2024