AMFI REGISTERED MUTUAL FUND DISTRIBUTOR
Insurance is a financial product that offers protection against potential financial losses due to unforeseen events or risks, such as accidents, illnesses, natural disasters, or even death. By purchasing insurance, individuals or businesses transfer the financial responsibility of these risks to an insurance provider, in exchange for regular premium payments. In return, the insurer agrees to compensate the policyholder or their beneficiaries for specific covered events, helping to alleviate the financial burden during difficult times.Insurance serves as a safety net by ensuring that policyholders are financially protected in situations where they might otherwise face significant financial hardship. It helps mitigate the financial impact of events like medical emergencies, property damage, or even the loss of a loved one. Whether it's health insurance covering medical treatments, life insurance ensuring family security after death, or auto insurance protecting against vehicle damage, the core purpose of insurance is to provide peace of mind and financial stability in times of need.