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

Understanding Debt Financing: A Guide to Types, Process & Advantages

Introduction When it comes to expanding a business or managing day-to-day operations, finance is crucial. One way to raise capital for these needs is through debt financing. By borrowing funds from ex...

KNOW MORE

April 25, 2024

Difference Between SME Loans And Business Loans

Running a successful business requires business finance or capital, and one of the most common ways to finance a small or medium-sized enterprise (SME) is through loans such as SME business loans. How...

KNOW MORE

April 11, 2024

Top Success Formulas for Small Businesses

You do not need a complex solution to achieve success in business. Success comes from mastering the fundamentals of the business and understanding the point of view of the consumers. In order to run a...

KNOW MORE

June 30, 2023