Dear Reader,
Now that the LIC AAO Call Letter is out, we are sure you all have started the preparations in full force.
Here are some insurance related definitions that you should be knowing before you face the final battle.
We will publish the second lot soon. So keep learning.
1. What is Insurance?
1. What is Insurance?
Insurance is defined as a contract between two parties whereby one party called insurer undertakes in exchange
for a fixed sum called premium to pay the other party called insured a fixed amount of money after happening of a
certain event.