It is an assurance by one person by means of which he/she agrees to safeguard another person against an anticipated loss.
An insurance company that is undergoing a financial crisis and is not in a situation to pay off its policy obligations. Though the insurer is not insolvent, there is a high probability that it might not be able fulfil its financial obligations towards the policy holders.
It is a form of risk which conforms to the rules and statements of the insurance policy in a manner that the insurance criteria are satisfied.
The amount of money earned through the investment portfolio of an insured individual in the form of dividends, interest etc.
"Knowing yourself is the beginning of all wisdom"- Aristotle -
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