Published: 02 Jan 2017
Insurance generally encompasses a collection of funds from the insured individuals and units to pay for the losses. Therefore, every insurance entity becomes protected from risk factor for a fee. To guard against any possibility of any peril, various clauses are incorporated by insurance companies into the policy, which at times act favourably towards the insurance companies and protect them from the law. It is, therefore, extremely essential to read the conditions in the small print before one commits to an insurance policy. In insurance ultimate good faith and a bond of honesty bind the insured and the insurer.Read more ...