LIC HFL
InsuranceInsurance is a financial product designed to provide protection against potential risks and losses. It operates on the principle of risk pooling, where individuals or entities pay premiums into a collective fund. In return, they receive financial compensation or coverage for specific losses or damages, as outlined in the insurance policy. This system helps mitigate the financial impact of unforeseen events, offering peace of mind and financial security to policyholders. Types of Insurance There are various types of insurance, each catering to different needs and risks. The most common types include:
