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Insurance. Business studies jss 0ne

What is insurance?

Insurance is the pooling of fund for the purpose of indemnifying a person that has suffer a loss.  It is a situation whereby a group of people come together to put a specific amount as saving somewhere so that if in future there is a risk or loss, such person that suffer a risk or loss may be compensated from the pool of fund that has been contributed 

Definition of Basic key words in Insurance 

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Insurance. Business studies jss 0ne

What is insurance?

Insurance is the pooling of fund for the purpose of indemnifying a person that has suffer a loss.  It is a situation whereby a group of people come together to put a specific amount as saving somewhere so that if in future there is a risk or loss, such person that suffer a risk or loss may be compensated from the pool of fund that has been contributed 

Definition of Basic key words in Insurance 

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