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Insurance refers to a contractual arrangement in which one party, i.e., the insurance company or the insurer, agrees to compensate the loss or damage sustained to another party, i.e. the insured, by paying a definite amount in exchange for an adequate consideration called a premium.
The insured receives a contract called the insurance policy, which details the conditions and circumstances under which the insurer will compensate the insured.
Woodpecker Wealth Pvt ltd
Office Address:
102, Eco Tower, Govindji Shroff Marg,
Opp Patel Petrol Pump,
Goregaon W, Mumbai 400104