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

How-To-Apply-For-A-Car-Loan-For-Grand-Vitara

How To Apply For A Car Loan For Grand Vitara

If you’ve been eyeing the Maruti Grand Vitara and dreaming of owning this stylish SUV, you’re not alone. With its impressive Grand Vitara NCAP rating, spacious interiors, hybrid powertrain...

KNOW MORE

June 19, 2024

How-to-declare-home-loan-in-income-tax

How To Declare A Home Loan In Income Tax?

Owning a house is a dream come true for many people in India. It provides security, stability, and a sense of accomplishment. Buying a house often requires taking a home loan. However, there are also ...

KNOW MORE

July 10, 2024

Impact of Repo Rate Changes on Fixed Deposit Interest Rates

When it comes to managing our finances, understanding how different economic factors can affect our investments is crucial. One such factor that plays a significant role in shaping the financial lands...

KNOW MORE

February 23, 2024